India

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US Sneeze Doesn't Spook Many at Davos

Economic power shift has many world execs cheery about prospects

(Newser) - Bigwigs spooked by the downturn in the US economy aren't spreading their usual cheer at the World Economic Forum in Switzerland, Fortune reports, but many other Davos attendees are smiling. Representatives say the Indian and Chinese economies are strong enough to weather recession; many agree with George Soros that “...

Get a Receipt for Those Candlesticks

Bruni says she and Sarkozy haven't tied the knot—yet

(Newser) - Carla Bruni has not yet become Mrs. Nicolas Sarkozy. In an interview with Liberation, the French president's ex-model girlfriend also made life easier for Indian officials by saying she won't accompany Sarkozy on his upcoming official trip there. Protocol-meisters in the conservative country, where unmarried couples are unusual, weren't sure...

India Blushes Over Sarko, Bruni
India Blushes Over Sarko, Bruni

India Blushes Over Sarko, Bruni

Conservative country unsure how to host could-be first lady

(Newser) - Nicolas Sarkozy’s ambiguous relationship with Carla Bruni has India up in arms over how to deal with the French president’s upcoming visit. Reports say Sarkozy and Bruni were secretly married recently, but Sakrozy won’t confirm or deny, leaving Indian officials to ponder what the protocol is for...

Toyota, GM Working on Super-Cheap Models, Too

India's $2,500 Tata has market leaders playing catch-up

(Newser) - Work on the world's cheapest cars is underway at the world's biggest car companies, the Associated Press reports. Toyota and GM announced this week at Detroit's North American International Auto show they are working on inexpensive subcompacts similar to India's Tata Motors' $2,500 car and aimed at emerging markets....

Sri Lankan Blast Kills 26
Sri Lankan Blast Kills 26

Sri Lankan Blast Kills 26

Ceasefire ends as at least 60 wounded in bus attack

(Newser) - At least 26 people were killed and 60 injured after an explosion ripped through a packed bus today in Buttala, Sri Lanka. The bombing was followed by gunfire, which medical workers said was responsible for many of the dead. The attack came as the government abandoned an ineffectual ceasefire with...

Infosys Profits Up 26% This Quarter
Infosys Profits Up 26%
This Quarter

Infosys Profits Up 26% This Quarter

But investors disappointed in year's revenue forecast—shares fall 1.3%

(Newser) - Infosys saw its profit go up 25.6% int the October to December quarter, the Indian company said Friday. It credited tax refunds and new outsourcing jobs: the company added 47 clients, including an unnamed European bank and a global brokerage firm, reports AP. Infosys raised its 2007 revenue forecast...

India's Tata Debuts $2,500 Car
India's Tata Debuts $2,500 Car

India's Tata Debuts $2,500 Car

Tata Motors' Nano could add millions of cars to India's already congested roads

(Newser) - It has no radio, air conditioning, or passenger-side mirror and only one windshield wiper; but what Tata Motors' newest offering, the Nano, does have is a price tag that could help millions of people become car owners: $2,500. The tiny 4-door sub-compact, the world's cheapest car, was unveiled at...

Studios Want Piece of Bollywood
Studios Want Piece of Bollywood

Studios Want Piece of Bollywood

Big names want in on the Indian film industry

(Newser) - Big studios such as Sony, Paramount Pictures, and Disney will be doing their best to make it big this year in Bollywood, India's increasingly profitable film scene, the Financial Times reports. As the India business becomes less mystifying to outsiders, big international studios want a piece of the world's most...

Indians Pray to the 'Visa God'
Indians Pray to the 'Visa God'

Indians Pray to the 'Visa God'

Priest uses deity to hook believers hoping to work in the West

(Newser) - Every week, 100,000 worshipers converge on a temple in Hyderabad, India, that honors a local incarnation of the Hindu god Vishnu. But the faithful aren’t praying for good health or fortune: They seek visas to the US and other Western countries, and the deity they’re praying to...

Pregnancies Outsourced to India
Pregnancies Outsourced to India

Pregnancies Outsourced to India

Western couples 'renting' wombs of Indian women

(Newser) - A town in India, where more than 50 women are currently pregnant with the children of Western couples, has hatched a booming industry in commercial surrogacy, dubbed "wombs for rent." The women in Anand have been impregnated with the sperm and eggs of US, British and other couples...

New Cisco Unit First Based Abroad
New Cisco Unit First Based Abroad

New Cisco Unit First Based Abroad

Will aim to wire entire cities in Middle East, China, India from Bangalore HQ

(Newser) - Dozens of new cities are to be built in China, India, and the Middle East in the coming decade and Cisco Systems wants to network them top-to-bottom, the Financial Times reports. The networking equipment giant is setting up a new business center in Bangalore, India, as part of its push...

2007: Asia's Banner Year
2007: Asia's Banner Year
OPINION

2007: Asia's Banner Year

Bloomberg praises those who fuel the region's return to economic power

(Newser) - Asia's economies are soaring so mightily that Bloomberg columnist William Pesek is passing out awards for Asia's big players in 2007. They range from a “Money Talks” prize, for Arab and Asian leaders who bailed out Wall Street banks, to the “Howard's End” trophy, for Australian PM Kevin...

US Billions in Pakistan Wasted
US Billions in Pakistan Wasted

US Billions in Pakistan Wasted

Money earmarked for war on terror diverted to shore up regime

(Newser) - Billions of dollars the US gave to Pakistan to bolster counterterrorism efforts against al-Qaeda apparently have been diverted to prop up President Pervez Musharraf's government and finance weapons systems aimed at India, reports the New York Times. Because the US has failed to properly monitor military aid programs, progress against...

South Korea Bounces Reign of Baby Boys

Girls find new favor as sex imbalance begins to reverse

(Newser) - Shedding an age-old preference for sons, South Korea has in the last two decades become the first Asian country to reverse a large sex imbalance at birth. A radical shift in Koreans' attitude toward female babies—and toward working women—has brought down the rate of sex-selection abortion, the New ...

Bali: What Was Accomplished?
Bali: What Was Accomplished?

Bali: What Was Accomplished?

Developed and developing nations agree to work to end global warming

(Newser) - Dismantling the “Berlin Wall of climate change”—the idea that rich nations alone should lead the fight against global warming—was the big breakthrough at the UN climate change conference in Bali, reports Time. It made it possible for the US, after a bruising confrontation and near-collapse of...

Girl Born With 8 Limbs Gets to Go Home

Doctors say little Lakshmi in India is doing well

(Newser) - The 2-year-old girl whose extra limbs were removed in a marathon surgery left a Bangalore hospital today for home. Doctors say Lakshmi Tata, born with four arms and four legs from a conjoined twin, will recover, but they cautioned she will need more surgery, BBC reports. "Lakshmi is normal,...

China, India Are Rich in 'Crystal Gas'

Frozen methane stash could feed growing energy appetites

(Newser) - The discovery of a massive store of frozen methane on the seabed off the coast of China may help the world's fastest growing nation keep up with its accelerating energy needs. Methane hydrate, also known as crystal gas, is frozen and yet flammable, and it could mean a breakthrough for...

India Train Bomb Kills 5
India Train Bomb Kills 5

India Train Bomb Kills 5

Adivasi militants claim responsibility

(Newser) - At least five passengers were killed early today when a bomb exploded beneath a packed passenger train in trouble-wracked northeast India, AP reports. The bomb tore through the luggage car of the Rajdhani Express traveling to New Delhi from Assam state.  A little known militant group claimed responsibility for...

India and China Drive Mobile Growth
India and China Drive Mobile Growth

India and China Drive Mobile Growth

Big developing markets adopt most phones, text the most

(Newser) - Telecom companies must be brushing up on their Hindi. India doubled its cell phone user population in 2006, adding more subscribers than Britain had total, according to a new international communications report. The 150 million Indian phone-toters represent just 14% of the population. China meanwhile sent 429 billion text messages,...

EU Makes Nice With Africa
EU Makes Nice With Africa 

EU Makes Nice With Africa

Europe offers trade pacts that snub human rights; UK refuses to attend Lisbon summit

(Newser) - The EU will pooh-pooh human rights issues this weekend as it woos Africa with new trade pacts at a rare summit in Lisbon, the Economist reports. With China and India snapping up more African resources, Europe plans to offer friendly deals that leave out human rights demands. But the EU's...

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