Popular Articles

CII to take CEO delegation to Japan next year
The Japanese and Indian industry are keen to take the Japanese investment in India beyond automobiles and into sectors like infrastructure, manufacturing, trade and education. The view emerged at a meeting between the Indian industry and a Japanese delegation, led by Prime Minister Yukio Hatoyama. Both the countries found that much more work had to be done for a comprehensive Economic Partnership Agreement (EPA) to fructify.

Unitech to raise $200 mn for low-cost housing from PE firms
The country"s second-largest realty firm, Unitech, is likely to raise $200 million (nearly Rs 1,000 crore) within the next three months by selling stake in its affordable housing projects to private equity players.

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Carriage fees business may decline 20% this year
For probably the first time in 15 years of cable television, the business of paying carriage fees to cable companies by broadcasters for a prominent channel placement is expected to come down by 15-20 per cent (to under Rs 1,000 crore) this financial year, compared to last year.
International Business

Kashmir should be an independent state: Gaddafi

In a major diplomatic embarrassment to India, the maverick Libyan leader Muammar Gaddafi has supported the idea of an "independent state" for Kashmir and said that it should be a "Baathist state" between India and Pakistan. - US markets slip on stimulus withdrawal worries - Shankar Acharya: Policy continuity at the Reserve Bank">Shankar Acharya: Policy continuity at the Reserve Bank - "We are always open to takeovers at right price" - Broadcasters can now track cable operators - Devotees turn to imported flowers to beat scarcity - Kathalguri Tea Estate labours under a Marxian delusion "Kashmir should be an independent state, not Indian, not Pakistani. We should end this conflict. It should be a Ba"athist state between India and Pakistan," the Libyan leader said in his address to the UN General Assembly on Wednesday. Instead of his allotted 15 minutes, Gaddafi spoke for nearly 100 minutes during which he slammed both the United States and the United Nations, and termed the Security Council as the terrorist council. Gaddafi opposed the induction of big powers into the UN Security Council, saying such a move would further tilt the balance of power. In his first speech to the General Assembly, he said opening the doors of the UNSC for big powers would "add more poverty, more injustice, more tension at the world level". "There would be high competition between Italy, Germany, Indonesia, India, Pakistan, Philippines, Japan, Argentina, Brazil." Stressing that there must be equality among member states, he noted that since India and Pakistan were both nuclear powers, if India had a seat then Pakistan would want one as well. "We reject having more seats," said the Libyan leader since it would give "rise to more superpowers, crush the small people."


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