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 New Delhi (AFP) July 30, 2009 
India's flagship outsourcing sector, accustomed to double-digit expansion, forecast Wednesday that export growth would slide this fiscal year due to the impact of the economic crisis. Revenues from exports of software and back-office outsourcing services rose by 16 percent in the last fiscal year to March to 46.3 billion dollars, the National Association of Software and Service Companies (Na ... read more 
Chennai, India (PTI) Jul 29, 2009A technology safeguards agreement (TSA) signed with the US last week will open up fresh opportunities for India in the field of space launches, say officials. The agreement, signed July 20 in New Delhi, will facilitate the launch of non-commercial US satellites and satellites with US components on Indian launch vehicles. "It will open up more satellite launch opportunities for India," said ... more
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Islamabad (AFP) July 28, 2009Pakistan hit out at India on Tuesday, branding its first nuclear-powered submarine "detrimental" to regional peace and vowing to take "appropriate steps" to maintain a "strategic balance". Relations between nuclear-armed rivals India and Pakistan have plummeted since Islamist gunmen killed 166 people in Mumbai last November, attacks that New Delhi blamed on banned Pakistani group ... more  
Washington (UPI) Jul 28, 2009 At the beginning of 2009 Gen. David Petraeus, the new CENTCOM commander, assumed command of a huge theater that stretches from the Horn of Africa to Saudi Arabia, the Persian Gulf, Iraq, Iran, Afghanistan and Pakistan, right up to the Indian border. The surge he crafted for Iraq appears to have delivered an almost clean slate to the Iraqi government with U.S. forces now bivouacked outside the ... more  
New Delhi (UPI) Jul 28, 2009 When the deputy chief of the Indian army recently promised the Indian public and private sectors a "level playing field" in purchases of military hardware he wasn't talking about electric golf carts to take elderly golfers around hilly golf courses. The carts, which cost about $243,000, were allegedly bought with money designated for electric wheelchairs in military hospitals and on ... more |
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New Delhi (AFP) July 26, 2009India launched its first nuclear-powered submarine on Sunday, officials said, underlining the military advances made by the rapidly developing nation. Prime Minister Manmohan Singh called it a "historic milestone in the country's defence preparedness" as the 6,000-tonne INS Arihant (Destroyer of Enemies) was named in the southern city of Visakhapatnam. The submarine, the first of five ... more  
Dhaka (AFP) July 25, 2009Bangladesh has ordered free electricity for millions of farmers to pump underground water after a severe lack of monsoon rains threatened its main rice crop, an official said Saturday. Downpours normally lash Bangladesh from June to September and the impoverished South Asian country gets more than 75 percent of its annual rainfall during this period. But the country's weather department ... more 
Paris (AFP) July 26, 2009Fast growing China and India may be important players but the emerging economic giants alone do not have the clout to drag the global economy out of its worst slump since the 1930s, analysts say. China, ranked the world's third largest economy after the United States and Japan, grew 7.9 percent in the second quarter this year while India expanded 5.8 percent in the three months to March. ... more |
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