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India To Launch Mars Mission: PM

India plans to launch a space probe that will orbit Mars, Prime Minister Manmohan Singh confirmed on Wednesday after press reports that the mission was scheduled to begin late next year. The project would mark another step in the country's ambitious space programme, which placed a probe on the moon three years ago and envisages its first manned mission in 2016.

 

India left in dark by utilities losing $10B a year

A decade ago, Chandrakant's fishing village in India's financial capital Mumbai lived mostly by candlelight. What people did not have - electricity - they stole. A decade ago, Chandrakant's fishing village in India's financial capital Mumbai lived mostly by candlelight. What people did not have - electricity - they stole. It was easy enough to hook onto the two thin power lines that passed over the village and take a little for themselves.

 

370M Indians swelter in heat after power fails

India Power Outage

Northern India's power grid crashed Monday, halting trains, forcing hospitals and airports onto backup power and providing a dark reminder of the nation's inability to feed a growing hunger for energy as it strives to become an economic power....

 

Worries grow as healthcare firms send jobs overseas

Outsourcing Nurses

After years of shipping data-processing, accounting and other back-office work abroad, some healthcare companies are starting to shift clinical services and decision-making on medical care overseas, primarily to India and the Philippines. Some of the jobs being sent abroad include so-called pre-service nursing, where nurses at insurance firms, for example, help assess patient needs and determine treatment methods.

 

CBO: Carbon capture efforts aren’t going so well

Coal may be dying in the United States, but it’s still the world’s preferred fuel for generating electricity — especially in China and India. And that’s why many energy experts think it’s so crucial to figure out how to capture carbon from all those coal plants and stash it deep underground.

 

Coca-Cola to invest additional $3B in India

Coca-Cola Co. says it will invest an additional $3 billion in India through 2020 as it looks to capitalize on the growing market. The world's biggest beverage maker, whose brands include Minute Maid, Dasani and Powerade, has seen some of its biggest gains come from emerging markets as growth at home has slowed.

 

India Plans to Stimulate Economy

The Indian government plans to take steps to boost exports and increase dollar inflows to give a much-need lift to the economy and arrest the slide in the Indian rupee, a senior official from the finance ministry said Saturday.

 

India Data Add Pressure for Rate Cut

Indian Economy

India's industrial output was flat in April, deepening worries of an economic slowdown in Asia's third-largest economy and upping the pressure on the central bank to cut interest rates next week.

 

Panetta calls for deep U.S.-India defense ties, more arms trade

The Defense Secretary Leon Panetta promised on Wednesday to let India buy America's best weapons technology and jointly produce and develop equipment in a bid to increase trade with the world's top arms importer.

Senh: India's the world's top weapons importer. They do have to worry about Pakistan and China.

 

Lots of Bad News Today: Europe, Asia, Jobs ... All Bad

So much for TGIF: all economic reports today were either disappointing or just plain bad.

First, people in Spain are taking their money out of local banks and putting them overseas. It’s similar to what the Greeks did a couple weeks ago - or was it a month? Either way, it’s not good.

 

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