In spite of United States inciting Brazil and India to criticise China's currency policy, Beijing need “not worry too much” because it can defuse the tension through talks, according to Chinese officials.
India is likely to take the fourth position in the global automotive market by 2015, according to a study conducted by Booz & Co. Currently that spot is held by Brazil, another emerging market, which is likely to give India a challenge.
It all began in 1955 with Indian Prime Minister Nehru’s maiden visit to the erstwhile Soviet Union and Khrushchev's reciprocal trip to India same year. Since then, Indo-Russian ties have withstood every test of time. During this period of over half a century, both nations ferried through turbulent waters. But the relationship between Moscow and New Delhi was never adversely affected per se.
India and China agreed to raise the bilateral trade to 100 billion US dollars by 2015, step up investments and permit banks of other countries to open branches and representative offices.
COCHILCO, Chile’s copper commission, estimates that by the end of this decade, India’s demand for copper will rise from the current figure of 610,000 tons to between 2.4 million and 3.6 million tons annually.
Australia and India have both raised interest rates by a quarter percentage point amid fears of rising inflation. The central bank of Australia put up rates from 4.5% to 4.75%, surprising markets with the first rise since May.
Aegis, the outsourcing services arm of steel-to-shipping conglomerate Essar Group on Tuesday said it has signed an agreement to acquire Argentine business process outsourcing firm, Actionline.
Indian businessman Mukesh Ambani, ranked the world's fourth-richest man by Forbes magazine this year, is to soon move into what is believed to be the most expensive private home ever built.
Following closely on the steps of China but with lesser exposure India is increasing trade, investment and business links with Latin America, the latest of which a Bussiness seminar in Lima, Peru.
Indian Industry and Commerce Minister Jyotiraditya Scindia said that India and Mercosur are discussing the possibility to expand a current agreement on tariffs.