Krittivas's Feed
Oct 29, 2010

India:RIM assures final Messenger solution by end-Jan

NEW DELHI, Oct 29 (Reuters) – India said on Friday Research
In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz) has set up an interim arrangement for lawful
interception of BlackBerry Messenger services and has assured
to provide a final solution by end-January, and a government
source said talks are still on over access to corporate
emails.
India, among several countries to express concerns BlackBerry
services could be used to stir political or social instability,
had threatened RIM with a ban if denied access to its
highly-secure Messenger and corporate email communications.

RIM (RIMM.O: Quote, Profile, Research, Stock Buzz) won a 60-day reprieve at the end of August
after offering India a solution to monitor some BlackBerry
data, a claim yet to be confirmed by the Canadian firm.
[ID:nSGE67T0I0]

Oct 27, 2010

India aims for 2011 rare earth exports: official

NEW DELHI (Reuters) – India aims to restart production of rare earths late next year for the first time since 2004, a top government official said on Wednesday.

The Indian government is spending 1.4 billion rupees ($32 million) on a 5,000 metric ton capacity plant in Orissa, amid global concerns China may be taking advantage of its dominance of resources to squeeze export supply.

Oct 26, 2010

India, U.S. aim to lift defence ties during Obama trip

NEW DELHI (Reuters) – When U.S. President Barack Obama arrives in India next month, he will face a key challenge of boosting defence ties that are on the upswing but mired by political suspicion over pandering to Washington’s interests.

Underlying the visit will be lobbying for billions of dollars in contracts to overhaul India’s mostly Russian-supplied military, a relic of their Cold War era partnership.

Oct 26, 2010

Analysis: India, U.S. aim to lift defense ties during Obama trip

NEW DELHI (Reuters) – When U.S. President Barack Obama arrives in India next month, he will face a key challenge of boosting defense ties that are on the upswing but mired by political suspicion over pandering to Washington’s interests.

Underlying the visit will be lobbying for billions of dollars in contracts to overhaul India’s mostly Russian-supplied military, a relic of their Cold War era partnership.

Oct 25, 2010

Eurofighter says in talks with Indian suppliers

NEW DELHI, Oct 25 (Reuters) – The makers of Eurofighter
jets are in talks with Indian firms to plug them into the
European consortium’s global supply chain, a senior company
executive said on Monday, in potential deals worth millions of
dollars.

The Eurofighter Typhoon jet is competing with U.S. and
Russian models to win a contract from India for 126 fighter
jets, valued at around $11 billion. The Eurofighter jet is
produced by a consortium of European firms including EADS
(EAD.PA: Quote, Profile, Research, Stock Buzz), BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) and Finmeccanica (SIFI.MI: Quote, Profile, Research, Stock Buzz).

Oct 23, 2010

National Advisory Council urges cheap grains for masses

NEW DELHI (Reuters) – The National Advisory Council (NAC) headed by Sonia Gandhi recommended on Saturday boosting food subsides, a plan which, if implemented, could widen the budget deficit but secure voter support for the ruling party.

The council suggested widening subsidies to 75 percent of the billion-plus population to Prime Minister Manmohan Singh who is struggling with stubbornly high food prices that threaten to erode the Congress’ political support.

Oct 23, 2010

Influential India council urges cheap grains for masses

NEW DELHI, Oct 23 (Reuters) – A council headed by India’s
most powerful politician recommended on Saturday boosting food
subsides, a plan which, if implemented, could widen the budget
deficit but secure voter support for the ruling party.

The National Advisory Council (NAC) headed by ruling
Congress Party chief Sonia Gandhi suggested widening subsidies
to 75 percent of the billion-plus population to Prime Minister
Manmohan Singh who is struggling with stubbornly high food
prices that threaten to erode the Congress’ political support.

Oct 22, 2010

Assertive India green policy no reason for investor worry

NEW DELHI (Reuters) – India’s increasingly assertive green policy may have put on hold several multi-billion dollar mega-projects, as conserving forests and rivers trumps polluting factories, but investors have little reason to worry.

Shedding the image of a dead letter office, the environment ministry has scrapped or halted hundreds of projects, including those of UK-based Vedanta and South Korea’s Posco, signalling a course correction that is not necessarily investor-unfriendly.

Oct 18, 2010

Majority on environment panel want POSCO clearances scrapped

NEW DELHI (Reuters) – A majority of an Indian review panel recommended on Monday that environmental clearances given to South Korea’s POSCO for a steel mill in the east of the country be cancelled because the project could violate forest laws.

The panel’s findings are not binding, and a final decision on what has come to be seen as a test case of India’s investment climate lies with Environment Minister Jairam Ramesh.

Oct 18, 2010

Panel majority want POSCO clearances scrapped

NEW DELHI (Reuters) – A majority of an Indian review panel recommended on Monday that environmental clearances given to South Korea’s POSCO for a steel mill in the east of the country be cancelled because the project could violate forest laws.

The panel’s findings are not binding, and a final decision on what has come to be seen as a test case of India’s investment climate lies with Environment Minister Jairam Ramesh.