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Pak Alienating Neighbors,
World Powers
(March 12, 2007)
Despite signs of souring
relations with Tehran and
strained relations with
Washington, Pakistan has
asserted that it will not
allow its territory to be
used by the U.S. for
anti-Iran operations.<More>
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Child Welfare Continues to
be Neglected
(March 12, 2007)
Despite children forming
one-third of India's
population and continued
independent reports on
their neglected state,
programs that hope to
prevent and protect their
rights received a paltry
allocation of Rs. 90 crore
(USD 20 million).<More>
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Medicine Abuse Rising in
India
(March 12, 2007)
A recent United Nations
International Narcotics
Control Board report
expressed concern over the
rise in the use of cocaine
and excessive abuse of
painkiller and cough
syrups medicines.<More>
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Moon Mission on Track
(March 12, 2007)
The federal government
sanctioned Rs. 100 crore (USD
22 million) for the
Chandrayaan-I project that
will see the Polar
Satellite Launch Vehicle (PSLV)
launch the spacecraft 100
kilometers from the Lunar
orbit in March 2008.<More>
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BMW from Chennai by March
(March 12, 2007)
BMW India announced plans
to roll out its first car
(BMW 320ia) from the
Chennai manufacturing hub
by the end of March and
also disclosed plans to
manufacture the 5 series
from India.<More>
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Maxis Budgets Rs. 2000
Crore
(March 12, 2007)
Malaysian company Maxis
Communications owning 74
per cent stake in mobile
telecommunications
operator Aircel Cellular
plans to invest Rs. 2000
crore (USD 454 million)
and reach eight million
subscribed in 2007-08.<More>
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Indians Buying Malaysia
Property
(March 12, 2007)
About 700 rich Indians,
businessmen, and film
stars seem to buying
property for residential
properties in Kuala Lumpur
after Malaysian Government
modification of rules
regarding foreign
ownership of property in
December 2006.<More>
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India No. 2 Investor in
Bavaria
(March 12, 2007)
According to foreign trade
and location marketing of
German state of Bavaria
Thies Claussen, India may
soon assume the second
largest foreign investor
in the state known for
technology and industry.<More>
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Jindal's Bolivian Steel
Plants for USD 2.1B
(March 12, 2007)
Steel major Jindal Steel
and Power Ltd (JSPL)
announced agreements with
Bolivia to invest USD 2.1
billion to set up a six
million tonne sponge iron
plant, 10 million pellet
plant, and 1.7 million ton
steel plant.<More>
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India Set to Become No 2
in Telecom
(March 12, 2007)
According to
Telecommunications
Minister Dayanidhi Maran,
India will overtake the
U.S. and assume the second
position in subscriber
terms in 20 months.<More>
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Essar Looking at Minor
Stake in Libyan Oil
(March 12, 2007)
The Essar Group is looking
to pick up a minor stake
of 20 per cent in Phoenix
Libya, oil and gas field,
with rights to increase
stakes to 50 per cent.<More>
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US State of Georgia Trade
Office in Bangalore
(March 12, 2007)
The U.S. State of Georgia
is planning to extend
trade office by Fulton
County and set up a
full-fledged trade office
in Bangalore to find new
markets for Georgia-made
products, attracting new
investments, and promoting
tourism.<More>
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Suzlon Buys REpower for
€1.02B
(March 12, 2007)
World's fifth largest wind
turbine marker Suzlon
Energy outbid French Areva
offer by 20 per cent to
buy Germany-based REpower
Systems on an all-cash
deal worth €1.02 billion
along with Portugal's
largest builder Mota Engil.<More>
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