NEW DELHI (Reuters) – Prime Minister Manmohan Singh and Pakistan’s Nawaz Sharif will meet this week on the sidelines of the United Nations General Assembly, Singh said on Wednesday, amid heightened tension between the neighbours over Kashmir.
Analysts expect the meeting will address a series of fatal clashes along the Line of Control dividing the Himalayan region between India and Pakistan, events that followed a pact by the two nations to resume stalled talks to strengthen ties.
NEW DELHI (Reuters) – Italian car maker Lamborghini will struggle to find another China as sales of its super sports cars in the world’s biggest auto market have hit the skids due to a government campaign against conspicuous spending.
Automobili Lamborghini SpA, owned by Germany’s Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz), however, sees long-term potential in the nascent Indian market and hopes better-than-expected sales in the United States, its biggest market, will offset the China sales slowdown, Chief Executive Stephan Winkelmann said.
NEW DELHI, Sept 20 (Reuters) – India’s gold imports will
resume immediately after a two-month gap as the government and
banks sorted out how new rules on overseas purchases should work
at a high-level meeting on Friday, a trade ministry source told
Monthly shipments by the world’s top importer are however
unlikely to be even a quarter of May’s record volumes and annual
imports will be sharply down, helping India cut a bulging
current account deficit and support the weak rupee.