Distressed by the falling spree of Indian equities, fund managers are looking at various avenues of diversification. At a time when emerging markets, including India, are vulnerable to global cues and are more coupled, frontier markets showless or almost no correlation. Franklin Templeton was the first to spot an opportunity and has already filed for a MENA fund (Middle East North Africa Fund), which will invest in some of the frontier markets.
The Indo-US pair beat the French-Venezuelan combination of Camille Pin and Milagros Sequera for a place in the final of the US $145,000 Tier IV Morocco Open.
Indian fertiliser companies are planning to invest around $5 billion (Rs 21,000 crore -- Rs 210 billion) in overseas joint ventures over the next three years. These companies are in negotiations for 19 such ventures, said government officials. These joint ventures are aimed at sourcing nitrogenous, phosphatic fertilisers and other raw materials.
The demand for global solutions is pushing Indian BPOs to grow aggressively into global centres, said a senior executive. For instance, in the past 18 months, WNS has expanded its presence in the Philippines, Romania, and now Latin America. Analysts believe the trend will only increase in the days ahead, as clients look for outsourcing partners that can support critical processes from multiple delivery centres.
Twenty five year-old Jagmeet Channa, who worked at the Canary Wharf headquarters of the bank, hijacked his colleagues' identities to plunder the coffers of the bank. Hoping the looming weekend would help hide his betrayal, Channa followed orders of fellow conspirators who had promised him a 'cut', by first sending Euro60 million (47,970,227 pounds) from one of its trading accounts to Morocco.
The United Nations World Tourism Organization, however, expects the sector to grow at a slower pace in the current year because of the economic crisis facing the world. Fluctuation in tourism demand will be contingent on 'how the economy evolves and consumers react, both of which are directly interrelated to oil and food prices,' said UNWTO Secretary-General Francesco Frangialli.
Newly crowned European champions Spain have climbed to the top of latest world rankings published by world soccer's governing body FIFA on Wednesday. It is the first time since the introduction of the rankings in 1992 that Spain, who were rated fourth last month, have been listed as the world's best team.
Mumbai attack co-accused David Headley on Thursday told a US court that a Pakistani Navy man was present during discussions with his ISI handler Major Iqbal on landing sites and arrival of Lashkar-e-Tayiba terrorists by sea.
Political leaders, industrialists and businessmen are increasingly looking to tap the resource-rich countries of the world's second largest continent even as two-way trade between India and Africa is poised to reach $70 billion by 2015 from $46 billion at present.
British IT services firm Logica has decided to cut about 1,300 jobs, including nearly 500 in the UK, and move many of them to India, the Philippines and Morocco.Logica-- an IT and consultancy firm -- already has a significant presence in India and has an overall staff strength of 39,000.
"We are ready with our money but it's so difficult to get a business visa to India,'' said Dr Abdul Rahman A Al Rabiah, managing director of Alrabiah, a consulting and engineering services company. Quoting instances, Rehman said, "Business leaders who have five-year multi-entry visa into the UK and Europe are merely given a three-month visa for India.''
The Indo-Czech pair beat Morocco's Younes El Aynaoui and Sultan Khalfan of the host country.
India has emerged as the 4th biggest loser amongst the emerging markets in January, after a loss of nearly 16%, according to S&P update.
In a study by researchers at Columbia University Mailman School of Public Health and The Hague, Netherlands, it was cited that neighbourhood ethnic density is linked with a risk of psychosis among immigrants in the country. It was reported in the study that immigrants who live in neighbourhoods where their own ethnic group comprise a small proportion of the population are at increased risk for certain psychotic disorders, like Schizphrenia.
Deal makes company world's second largest producer of soda ash.
Two impressive long-range shots in the final minutes gave Tunisia and South Africa draws in their opening African Nations Cup Group D games.
Sulley Muntari struck a wonder goal in the final minute to give hosts Ghana a 2-1 win over Guinea in the opening match of the African Nations Cup.
Irrfan Khan talks about his movies and more.
The tabla maestro Zakir Hussain is heading to New York to perform at a Lincoln Center theatre as part of the Zakir Hussain's Masters of Percussion national tour.
In its first ever list of World's Top 50 Microfinance Institutions, the US business magazine has named Bangalore-based Bandhan at the second position.
The Jasmine Revolution has consecrated a milestone which will go a long way in ushering in people-led movements in the Arab world, says Tenzin Thargay.
Mahindra United have an opportunity to avenge their Durand Cup defeat to Churchill Brothers when the two teams clash in an I-League football tie on Thursday
The Indian tennis ace hopes to finish in the top 20 next season.
DLF Ltd is acquiring the privately-held super luxury resorts and spa chain Singapore-based Amanresorts for around $250 million.
The countries ranked below India include Bahrain, Cameroon, Burkina Faso, Iran, Oman, Egypt, Turkey, Morocco, Benin, Saudi Arabia, Nepal, Pakistan, Chad and Yemen with the lowest gender equality of 45.1 per cent.
France coach Raymond Domenech omitted striker David Trezeguet from his 24-man squad for this month's Euro 2008 Group B qualifier in Ukraine. Trezeguet, who has scored 10 goals in 11 Serie A matches for Juventus this season, has not featured for France since a 1-0 home defeat by Scotland in a Euro qualifier in September.
Seventh seed Vivek Shokeen defeated Taipei's Huai-En Chang 6-3, 6-4 while third seed Sunil Kumar Sipaeya easily beat Nai-Zheng Yu of China 6-4, 6-1 in the pre-quarter-finals of the ITF tournament in Lahore.
The actor-singer-composer has signed three movies.
The Palestinian information ministry said that PA and other countries would urge the sponsors of the conference to also invite India, South Africa, Brazil, Greece, and Spain.
India has reaffirmed its strong commitment to the Non-Aligned Movement and stressed its "enduring relevance" in the current international situation.
The 20-year-old is prepared to go through the grind for a berth in the main draw of the Mumbai Open.
The lawyer who successfully defended Chief Justice Iftikhar Chaurdhry has warned that a turmoil will break out the moment the General files his nomination for the forthcoming election.
In spite of the presence of thousands of British soldiers in the Helmand province of southern Afghanistan, it has become the biggest source of illicit drugs in the world.
The second highest-ranked Indian on the circuit is now perched at 262.
A decline in cereal production in several low-income food-deficit countries this year could lead to a tighter food supply situation with 28 countries facing serious food scracity, according to a new United Nations report.
The Indian climbed from 467th to 335th spot in world ranking.
Fourth seed Carlos Moya continued his impressive run at the Swedish Open on Friday by easily dispatching local hope Robin Soderling 6-2 6-4 in the quarter-finals.
The judge dismissed claims from Tsouli's defence counsel, Alan Hedworth, QC, that his client had changed his opinions since his arrest two years ago.
The company, which has set an export target of around 2,20,000 units by 2010, is spreading into new markets like the UAE,Philippines and Indonesia.
National women's champion Tania Sachdev collected her maiden Women's Grandmaster norm after defeating German International Master Mathias Roeder in the final round of Sort International Open chess tournament in Spain.
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