Wednesday, March 28, 2007

Links for 28/3/07

Indian in 30-year 'bonded labour'
BBC Online
Officials in India are investigating reports a man has been repaying a debt which began with a loan of 40kg of rice with nearly 30 years of bonded labour.
India to get a Daily Mail of its own
Guardian Unlimited
Associated Newspapers, the Daily Mail's publishers, have formed a joint venture with the Delhi-based India Today group to launch a daily newspaper in India.

Ceres can renew your faith in energy after Cairn’s Indian adventure turns political
The Telegraph
Cairn Energy appears to be losing its balance thanks to the slippery world of politics. The oil producer and explorer floated its Indian business on the Indian stock exchange in January, retaining a 69pc stake, and installing a local management team.

India to seek $1.9 bln in tax from Hutchison-report
Reuters
India's tax department is claiming about $1.9 billion in capital gains tax from Hong Kong's Hutchison Telecoms on the sale of its stake in its Indian unit to Vodafone, the Economic Times reported on Wednesday.

China more complex for New Mexico than India: US official
Monster and Critics
With a growing middle class and increasing propensity to spend on goods and services, India offers a more conducive market than China, says Danielle Duran, international trade coordinator for New Mexico state in the United States.

Vodafone deal for Indian group faces review
Financial Times Alphaville
India’s foreign investment regulator is to review Vodafone’s $11bn deal for control of mobile operator Hutchison Essar today after the country’s central bank questioned whether its shareholding breaches legal limits, the FT reports.

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