By Una Galani
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Russian President Vladimir Putin is coming to India this week to meet Prime Minister Narendra Modi and to discuss ways to improve relations. Moscow and New Delhi enjoyed warm ties during the days of the Soviet Union, when India was a member of a non-aligned bloc of nations. The friendship recently has become strained as India relies more on U.S. and French companies to meet its defence needs, something that chafes Russia as it deals with sanctions from western nations over Ukraine. Russia meanwhile has alarmed Indian public opinion with a recent visit by its defence minister to Pakistan. Russia's ambassador Alexander Kadakin, a veteran diplomat first posted to New Delhi more than 40 years ago, discussed Putin’s visit at a press conference on Monday. Here are some of his remarks.
(Opinions expressed here are those of the author and not of Thomson Reuters)
The past week belonged to individual stocks as the Nifty took a breather, closing with a small loss of 0.45 percent at 8,538. A host of stocks related to defence, railways and power ancillaries hogged the limelight on hopes of huge order flows. Jewellery stocks rallied after the government relaxed gold import norms.
A new venture hopes to document and popularise Indian plays by turning them into movies. CinePlay, the brainchild of businessman Subodh Maskara, will film contemporary and older Indian plays, and make them available for viewing online as well as in cinemas.
Bulgari should never have left India three years ago, so it's coming back, the chief executive of the Italian luxury jewellery and accessories company said in an interview on Thursday. Jean-Christophe Babin was in New Delhi on Thursday to attend the opening of the company's flagship store in India.
For a country that associates art mostly with canvases, sculptures and installations, an exhibition showcasing 5,000 years of antique jewellery can be a novel experience.
Many emerging economies have been banking on weaker currencies to revitalise economic growth. Oil's 25 percent fall in dollar terms this year should also help. The problem however is the dollar's strength which is leading to a general tightening of monetary conditions worldwide, more so in countries where central banks are intervening to prevent their currencies from falling too much.