The Associated Press:
Lima told reporters that Petrobras “may have discovered a huge petroleum field that could contain reserves large as 33 billion barrels,” amounting to the world’s third-largest reserve, according to his spokesman, Luiz Fernando Manso.
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via News Post India
During her discussions with the FIESP delegation in Sao Paulo, where a 14-member Indian business delegation accompanied her, Patil reportedly told them: ‘Both sides have the acumen, desire, will and skill to take (the trade relation between the two countries) forward.’
According to India’s Ambassador to Brazil Hardeep Singh Puri, it was Brazilian President Luiz Inacio Lula da Silva who suggested that Patil meet the FIESP delegation.
Puri also pointed out that it was the first time the president was accompanied by a business delegation.
Although trade between India and Brazil has touched $3.12 billion, officials said it was ‘nothing’ in comparison to the opportunities both countries have.
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via International Herald Tribune
In the blink of an eye, India has gone from faith, prudence and chastity to Brittany, Courtney and Tiffani. On Sunday, a team of Washington Redskins cheerleaders landed in Bangalore to help create India’s first cheerleading squad.
According to the Redskins’ Web site, the cheerleaders will “conduct a national audition of Indian women.” The aim of the exercise is to set up a squad of indigenous pompom wielders for the Bangalore Royal Challengers, one of eight teams that will play in the Indian Premier League, a rich new Indian cricket league.
Popularity: 2% [?]
Opportunity for Argentina in sunflower, soya etc.
via SIFY’
The Union Government may relax import of oilseeds in 2009 to take the heat out of an “overheated domestic” oil and oilseeds market, according to Dorab Mistry, Director, Godrej International Ltd.Improved supply
Presenting a paper on “Fundamental Approach to Price Forecasting 2008” at the Globoil International in Dubai on Monday, Mistry said cooking oil prices were likely to rise and rule firm, despite improved supply.
Currently, oilseed imports are not taking place due to strict phyto-sanitary conditions imposed by the Centre and a high customs duty of 30 per cent. Crude or unrefined vegetable oils’ imports are allowed duty-free, while refined vegetable oil imports are permitted at 7.5 per cent duty.
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Now the best polo players are Argentine.
via TIME
Tea, for example, that most English of drinks, was first cultivated in India by British growers, who quickly undercut their Chinese competitors on price. Like cricket (which the English introduced to India) and polo (though its origins are Persian, the modern game began in northeast India and was later encoded and spread by the British), drinking tea is a joyous ritual that binds Delhi and Doncaster. (Polo is a rich man’s sport, of course, but class and caste have long mattered in both countries.)Then there is language. English may be Britain’s greatest gift to India (which, today, is home to the world’s largest English-speaking population), but Hindi has spiced the language with a masala of words long-since codified in its dictionaries: chit, guru, jungle, pajamas, pundit, sentry, shampoo, and thug, to name just a few.
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On the account of Tamil New Year’s today – April 14, this post is dedicated to Fay Dimase of Rosario – who considers herself an “Argentine Tamil”. Enjoy the recipes, Fay!
via BlogHer
Tamil cuisine also uses many spices, with the word “curry” actually coming from the Tamil word Kari.there is an entire blog dedicated to indexing Tamil Recipes where you can find a huge assortment of interesting dishes to try.
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Opportunity to up the share from Argentina.
Avenue Vine:
Wine consumption in India is set to treble by 2011 to touch 17 million litres per annum, according to a study conducted by UK-based International Wines and Spirits Records (IWSR).As per the study, wine consumption in India stood at six million litres in 2006 and in the last four years, it has risen by over four times.
“Contrary to popular belief that only imported wines are mainly consumed, most wines consumed in the country is locally produced, accounting for 75 per cent of the total volume,” wine exhibitor VinExpo Chairman Dominique Heriard Dubreuil said.
Around a quarter of the wine consumed in the country is imported and France accounts for 41.7 per cent of wines imported by India.
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Bill Emmott, former editor of The Economist writing in the Guardian
via GuardianComment is free
The continued growth of China and India is being financed by Chinese and Indian savings – India still has a small balance-of-payments deficit and needs a bit of foreign borrowing, but it doesn’t need much. The vast amounts of investment in those countries that is going into new roads, buildings, ports, airports and factories can therefore carry on regardless of what happens in America – which means that the huge demand in China and India for energy and other raw materials will also carry on growing, a boon for all the [..] countries that sell them those commodities.
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Since Infosys Technologies’ incorporation as a company in Mexico last July, the firm has been on a tight training and hiring schedule as it prepares to bring its Monterrey-based global services delivery center to fruition.
Nearly a year later, the firm’s BPO and IT services center employs a staff of some 100 and expects that to reach 1,000 in three years.
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via The Times of India
Despite a global slowdown, Indian IT industry will continue its upward movement. And even if growth rates do slow down a bit, the industry will still reach its target revenue of $60 billion by 2010, says Nasscom. “We expect the Indian IT-BPO revenue to grow at 33% this year. Exports have already touched $40.8 billion and the domestic market has crossed $23 billion,” says Som Mittal, president, Nasscom. “Even if we are able to maintain a 22% growth rate, the IT industry will be able to meet its target of $60 billion by 2010,” says Mittal.
Popularity: 2% [?]
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