Nano will not increase congestion: Tata (Jul 25)



Bharti Q1 profit rises 34%, beating forecasts (Jul 25)
(NEW DELHI) Bharti Airtel Ltd, India's top mobile operator, beat forecasts yesterday with a 34 per cent rise in quarterly profit as it rode a boom in the world's fastest growing wireless market.


Govt to push for lifting of foreign investor curbs (Jul 25)
(NEW DELHI) India's government, victorious in a confidence vote this week, will push to lift restrictions on overseas investors' control of privately run banks, Finance Minister Palaniappan Chidambaram said.


ONGC to enter nuclear mining (Jul 24)
Oil and Natural Gas Corporation (ONGC), the country's largest oil and gas producer, plans to enter uranium mining in alliance with public-sector Uranium Corporation of India, aiming to tap the business opportunity from nuclear fuel shortage in Asia's third largest economy.


Reliance Industries` Q1 net profit jumps 13% (Jul 24)
Reliance Industries Ltd (RIL), India's largest company by market value, has reported a 13 per cent increase in net profit for the first quarter ended June 2008, as it was able to sell its products at higher prices and also because of doubling of export sales.


Govt lines up market reforms (Jul 24)
In a move to improve the tradability of domestic convertible bonds, the finance ministry has proposed a mechanism, under which the equity option can be traded separtely.


Rice defends U.S.-India nuclear deal (USA Today) (Jul 24)
U.S. Secretary of State Condoleezza Rice said Thursday that a proposed U.S.-India nuclear energy deal is good for both countries and for global efforts to reduce the spread of atomic technology and greenhouse gas emissions.


Rice says US-India nuclear deal good for the world (AP via Yahoo! News) (Jul 24)
Secretary of State Condoleezza Rice said Thursday that a proposed U.S.-India nuclear energy deal is good for both countries and for global efforts to reduce the spread of atomic technology and greenhouse gas emissions.


A glimmer of hope for Nepal (Jul 24)
Ram Baran Yadav, the first president of the new republic of Nepal and born into a farmer's family in the impoverished Terai highlands, brings with him first-hand knowledge of the woes of rural Nepalis and many see him as a light amid anarchy and uncertainty. - Dhruba Adhikary


India: Southwest monsoon 2008 - Daily flood situation report No 52, 22 Jul 2008 (Jul 23)
Source: Government of India