If things go according to the plans of the Indian government, Belgium's Antwerp, the diamond destination of the world, may be robbed of its priced position by Mumbai soon.
Rise in commodity prices, which has impacted the common man in the country, has surprisingly not hit the expatriates living here and their cost of living in Indian cities has actually become cheaper, a latest survey says.Seven Indian cities - Mumbai, New Delhi, Chennai, Hyderabad, Kolkata, Pune and Bangalore - all witnessed a fall in their global ranks making them cheaper to live in for expatriates.
A third Chinese airline company, China Southern, will launch direct flights to India this year to tap the increasing traffic potential arising out of booming bilateral trade.
Peak oil has been a matter of discussion in recent times. Christophe de Margerie, the Chief Executive of Total in France, says the world will never produce 100 mn barrels per day of oil; we currently produce around 85 mn barrels per day of oil. In UK, it is widely understood by the general public that the U.K. is going to be a net importer of energy from now on. Peak oil is a reality. It may take a generation for all the effects to be played out but they will be played out.
An India-Japan civil nuclear pact would be critical in signalling that they would like to build a partnership to bring stability to the region at a time when China is going all out to reward Pakistan with civilian nuclear reactors, says Harsh V Pant.
Oil and Natural Gas Corporation has lost out on a bid for an oil block in Angola to a Chinese-led consortium.
Give us your take on Wednesday's games in the World Cup!
The Netherlands finished second after a goalless draw with the South Americans.
Portugal's 2-1 win over Mexico on Wednesday earned Luiz Felipe Scolari a World Cup record of 10 successive victories as a coach.
With three straight victories, Portugal look equipped to mount a serious title challenge in the last 16 stage.
'All teams are equal, no-one is above average, we are all at the same level,' said the Brazil-born midfielder.
Second-half goals gave Portugal a 2-0 victory over Iran and a place in the second round.
Give us your take on Friday's games in the World Cup!
Portugal's captain said he expects a difficult game because it will be one of the last chances for Iran to try to get through to the next round.
The government has notified a list of 57 countries in Africa and South America that would get duty benefits under the Focus Market scheme, announced in the Foreign Trade Policy early this year, to boost exports.
Champions Brazil start as clear favourites with striker Ronaldinho the player and the fans are most looking forward to watching.
Portugal coach Luiz Felipe Scolari left winger Ricardo Quaresma out of the squad of 23 players for next month's World Cup.
Fresh from losing a prime property in Angola, ONGC Videsh has sought greater freedom in bidding for oil and gas assets abroad and a rethink on the mechanism of approval of its investment proposals.
Enhancing cooperation in the hydrocarbon sector, vital for the energy security of the two fastest growing economies in the world, will be high on the agenda of talks Petroleum Minister Mani Shankar Aiyar will hold with Chinese leaders.
Patil has commended the work of the ITBP and promised to look into its problems.
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