Asia-Pacific News India


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    Like the Ansari X Prize, which was claimed in 2004 by aircraft designer Burt Rutan and financier Paul Allen for a pair of flights by SpaceShipOne, the Google Lunar X Prize is open to private industry and non-government entities worldwide.

  • Fall 2007 Fashion

    Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.

  • President George W. Bush prepared for an Asia-Pacific summit in Australia, saying on Friday the United States would consider a peace treaty with North Korea if it gave up nuclear arms.

  • U.S. private equity investor Blackstone has agreed to pay up to $165 million to buy a majority stake in India's leading garment exporter, Gokaldas Exports, both companies have said.

  • Software maker SAP said on Tuesday it has doubled its number of customers in India to 2,000 in the past year, and reaffirmed that it planned to invest $1 billion in the country by 2010 to boost growth.

  • Indian companies that process U.S. mortgages are reporting fewer work orders and diminishing revenue because of the subprime loan fallout overseas.

  • BHP Billiton, the world's biggest mining company, said it would seek to grow aggressively in India where volume growth is outstripping China, its other boom market.

  • POSCO, the world's fourth largest steelmaker, has entered into a strategic partnership with Steel Authority of India, or SAIL, India's largest state-run steel maker.

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    Ford Motor, which is exploring the sale of its Jaguar and Land Rover brands, has contacted India's Tata Motors and Mahindra & Mahindra for management meetings, the Economic Times said on Tuesday.

  • Wal-Mart Stores and Bharti Enterprises signed a much-delayed agreement on Monday that gives the world's largest retailer a foothold in the fast-growing but highly controlled Indian market.

  • Hindustan Unilever, India's top consumer goods maker, on Sunday reported a better-than-expected 29% rise in second-quarter net profit and said it would spend up to $156 million on its first ever share buyback.

  • Coffee giant Starbucks has put on hold its plan to open a chain of stores in India, the company said without giving any reason.

  • Land Rover

    The Ford Motor Company is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.

  • Tata Xeta

    Need proof the world of wheels is increasingly being spun by automakers in developing countries? Look no further than Tata Motors out of India. It is reportedly close to buying Jaguar and Land Rover from Ford. If this goes through, it would be a win/win for the companies involved.

  • The Indian economy will likely grow 9 percent this fiscal year ending in March 2008, down slightly from a year earlier, the prime minister's economic advisory body said Monday. But infrastructure hurdles and a sluggish farm sector threaten longer-term prospects, the group said in an economic outlook report to Prime Minister Manmohan Singh.

  • Nissan-Renault's chief executive officer Carlos Ghosns $3,000 project to build a small car using Indian expertise could trigger off a new partnership for Renault in India with Bajaj Auto, local business daily The Economic Times said.

  • Zinc and lead look golden, according to two "Morning Call" guests. Bill Mann, senior analyst at The Motley Fool, and Lou Grasso, metals trader at Millenium Futures, told CNBC's Liz Claman why base metals have a bright future -- and how investors can play it.

  • Anheuser-Busch, the world's largest brewer, introduced an Indian-brewed Budweiser on Friday as part of the company's plan to tap into the country's booming economy, a top official said.

  • A deal to free up world trade could be delayed several years if no progress is made by the end of 2007, the United States said on Thursday, as it stepped up criticism of India and Brazil over failed talks.