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Trilateral Conference
Concludes in Delhi
(February 19, 2007)
The first structured and
sixth trilateral
conference between India,
Russia, and China ended in
New Delhi with an emphasis
on cooperation rather than
confrontation should
govern approaches to
regional and global
affairs."<More>
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U.S. Says Natanz Plan has
Khan Links
(February 19, 2007)
The U.S. Ambassador to the
International Atomic
Energy Agency (IAEA) says
that the Iranian nuclear
facility at Natanz has
"unexplained ties" with
the disgraced Pakistani
scientist A.Q. Khan's
proliferation network.<More>
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India, Saudi Youth
Initiatives
(February 19, 2007)
Taking forward the
cooperation agreement
between India and Saudi
Arabia signed during the
visit of King Abdullah to
India in January 2006, the
two nations have agreed to
hold bilateral exchange
programs involving
students, youth, and
sportspersons.<More>
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UN Peacekeepers for Chad
(February 19, 2007)
Oxfam and Human Rights
Watch called on urgent
action by the United
Nations to consider
dispatching peacekeepers
to Chad to prevent a
spillover of Darfur crisis
and furthering the
humanitarian tragedy.<More>
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Italian Training for
Indian Archeologists
(February 19, 2007)
In a recent interview with
The Times of India, Deputy
Prime Minister and
Minister for Culture and
Tourism Francesco Rutelli
said that Italy will be
"training Indian
archaeologists in the
field of preservation and
restoration."<More>
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Renovated Nalanda
Memorial, Students at VIT
(February 19, 2007)
Estranged nations India
and China trying to
rebuild past friendship
and trust coalesced to
renovate Xuanzang (Hieun
Tsang) Memorial Hall in
Nalanda in hopes that the
friendship they shared for
centuries may also be
rebuilt.<More>
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Pak Interested to Close
Siachen
(February 19, 2007)
Pakistan Minister of State
for Information and
Broadcasting acknowledged
the futility of fighting
in "one of the highest
battlefields" where
neither side "has gained
anything" and indicated
willingness to find
closure to stalled talks
.<More>
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Nobel Laureate Yunus in
Politics
(February 19, 2007)
Nobel Laureate Mohammed
Yunus, founder of the
Grameen Bank of Bangladesh
and champion of poverty
allieviation and
sustainable development,
announced plans to enter
politics in Bangladesh to
help the nation overcome
the "terrible political
leadership."<More>
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Indo-French Air Exercise
(February 19, 2007)
India and France kicked
off the third air combat
exercise with India field
Sukhoi-30s, Mirage-2000s
and MiG-27s and France its
Mirage-2000D and
Mirage-2000V for mutual
exposure to "fighter
tactics" and "build
interoperability."<More>
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Vodafone Headsets in India
(February 19, 2007)
China's leading telecom
gear maker the
$7.3-billion ZTE Corp has
reportedly met with
Vodafone Group to set up a
world-class GSM handset
manufacturing hub in India
to meet low-cost handset
requirements for Indian,
Brazil, and Russian
markets.<More>
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Swiss Triumph to Expand
5000
(February 19, 2007)
Switzerland headquartered
innerwear brand Triumph
International revealed
plans to employ 5000
workers at its new
manufacturing facility
near Chennai to produce
15-20 million lingerie
units.<More>
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Low-Cost US Motels to
India
(February 19, 2007)
US-based Patel Motels
along with others such as
Super8 Motels, Country
Hearth, Best Inns, and
Best Value Inn are to
enter India through the
franchisee route and
develop at least 20
Greenfield properties in
metros and secondary
cities.<More>
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Tariff Cut Plans to ASEAN
Levels
(February 19, 2007)
The government is
reportedly planning to cut
peak customs tariff from
the present 12.5% to a
possible 10% in the
upcoming budget but senior
functionaries are
reportedly interested to
drop the tariff to ASEAN
levels of 6-7%.<More>
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Italian Haute Couture Line
in India
(February 19, 2007)
Italian USD 833 million
Sixty Group revealed plans
to enter the Indian market
through exclusive
nine-year franchising and
trading partnership with
Delhi-based Indus Clothing.<More>
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Apollo Hospitals in Yemen
(February 19, 2007)
The Apollo group of
hospitals has signed an
agreement with Hayel Saeed
Anam group (HSA) to
jointly run a USD 25
million super-specialty
hospital at Taiz in Yemen
by September this year.<More>
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AP- Ras Al Khaimah Ceramic
Tile Project
(February 19, 2007)
The Ras Al Khaimah (RAK)
has signed an agreement
with the Government of
Andhra Pradesh (AP) to
invest Rs. 9,000 crore (USD
2 billion) to set up an
alumina plant and aluminum
smelter unit to be used to
produce ceramic tiles.<More>
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Toyota's Small Car Plant
(February 19, 2007)
Japanese car major Toyota
Motor Corporation is
reportedly planning an
investment of USD 330-420
million to set up a small
car plant near its
existing facility near
Bangalore with an initial
capacity to manufacture
100,000 cars a year.<More>
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Norwegian Orkla Buys MTR
(February 19, 2007)
The USD 8.8 billion
branded consumer goods,
speciality materials and
financial investments
Norwegian company Orkla
has reportedly bought out
MTR Foods at a price of
USD 100 million.<More>
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ONGC-ENI Energy Swap Deal
(February 19, 2007)
The Oil and Natural Gas
Corporation (ONGC) and
Iralian ENI SpA signed an
energy swap deal where
ONGC will take a 20-25 per
cent stake in a Congo
block that ENI owns in
return for a 30-35 per
cent stake in Mahanadi
basin block.<More>
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