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Monday, July 20, 2009

 

Clinton has a hard task to make visit to india a success

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For a Secretary of State to President Barrack Obama, who has captured the imagination of India, a person, who is well known and liked in India, the first chair of the India "Caucus" in the Senate, a presidential candidate, who received massive support from the Indian Americans, Hillary Clinton is arriving in India a little too late.

She has been in office for nearly six months and she has already visited some other countries in Asia and some of her pronouncements in China have caused concern in India. There are other reasons for her to reassure India that the strategic partnership between the two countries is intact. She, therefore, has a hard task ahead of her to make the visit a success.

Of course, the Obama Administration had to wait till the elections in India. Like everyone else, the US might also have expected change in India.

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To read the ePpaer, visit: http://www.newsindia-times.com/

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Tuesday, January 20, 2009

 

Canada to sign nuclear cooperation agreement with India, Kenney says

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Minister of Citizenship and Immigration Jason Kenney, on a visit to India, said the two countries would soon be signing a nuclear cooperation agreement. He also said visa approvals from Canadian consulates were rising, but incidents of fraud were high.

Kenney met several Ministers in the Indian government, including External Affairs Minister Pranab Mukherjee and business leaders in Mumbai, as well as immigration staff in Canada's New Delhi and Chandigarh visa offices during a visit to India. Prior to getting to India, Kenney was in Pakistan where he met the Prime Minister, Foreign Minister, Advisor to the Prime Minister (Interior Affairs), and several others.

Responding to a question from News India Times about whether the economic slowdown provided Canada with a greater opportunity to expand relations, Kenney said Ottawa continues to place India as a priority country for economic and trade expansion.

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To read the ePaper, visit: http://www.newsindia-times.com

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Tuesday, January 13, 2009

 

Satyam chairman Raju and his brother are arrested, board scrapped

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Police arrested the head of Satyam Computer Services on January 9 on charges of cheating and forgery and the government dissolved its board in moves to limit the fallout from India's biggest corporate scandal in memory.

Chairman Ramalinga Raju, who resigned on January 7 after revealing years of accounting fraud which analysts said cast doubt over the future of the outsourcing company, was also expected to appear before the market regulator on January 10.

Satyam shares slumped to 11.50 rupees (U.S.$0.23), their lowest since March 1998 and far below a 2008 high of 544 rupees (US $11.19), before ending down 40 percent at 23.85 rupees (US$0.49) ahead of the board's dissolution.

The company's market value has shrivelled to $330 million, from more than $7 billion just six months ago.

To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com

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