‘Indian investments way out for Britain from recession’

September 25th, 2009 LONDON - Two high-level Indian technology delegations are to visit Britain next week amid a bid by both countries to deepen their technology ties. Members of the Indian Semiconductor Association are to visit from Sep 29 to Oct 2 for seminars and networking events organised with Silicon South West, South West Regional Development Agency and East of England International.

September 23rd, 2009 LONDON - Nalin Surie, a senior career diplomat, has taken over as the Indian high commissioner to Britain following the retirement of his predecessor Shiv Shankar Mukherjee, the High Commission announced. A diplomat of wide experience, Surie, who was secretary (west) in the external affairs ministry, took over Sep 18 and is expected to present his credentials to Queen Elizabeth II soon.

September 18th, 2009 MUMBAI - HCL founder-chairperson Shiv Nadar has been conferred the UK Trade & Investment (UKTI) businessperson of the year award in recognition of his company's pioneering investments in Britain. The award was presented here Thursday evening by Britain's Minister for Trade Investment and Business Lord Mervyn Davies.

September 13th, 2009 LONDON - Britain's Trade, Investment and Business Minister Lord Mervyn Davies is to visit India for four days beginning Monday for talks to expand growing ties in defence technology and other cutting-edge sectors. High on his agenda is the city of Nagpur, which is being developed as India's new aerospace hub and, according to the UK-India Business Council, needs new infrastructure and engineering capability.

August 19th, 2009 Survey: Optimism about global economy is growingNEW YORK — A new survey by Banc of America Securities-Merrill Lynch showed optimism among portfolio managers about the chances for global economic recovery rising to their highest level in nearly six years. Three-quarters of the 204 fund managers polled in the monthly survey said they believe the world economy will strengthen over the next 12 months, the highest reading since November 2003.

July 31st, 2009 NY pension fund begins reboundALBANY, N.Y. — New York's public pension fund reports regaining some of the value it lost in last year's Wall Street meltdown and national recession, growing to $116.5 billion in the quarter that ended in June.

July 15th, 2009 LONDON - The US and India once again topped the list of countries that invested in London last year, helping create or save more than 6,000 jobs in a recession. "Think London", the foreign direct investment agency for London, said Wednesday as it exceeded its targets for the 2008-09 financial year after helping 178 businesses from 26 countries set up or expand.

July 8th, 2009 NEW DELHI - Nearly 50,000 to 150,000 Indian workers, most of them from the Gulf countries, have probably returned to the country due to the global economic slowdown, Minister for Overseas Indian Affairs Vayalar Ravi informed parliament Wednesday. In his written reply to a question, Ravi told the Lok Sabha that the workers in the United Arab Emirates seemed to be most affected.

June 25th, 2009 LONDON - An Indian-born member of the British House of Lords has told the historic chamber that growing Indian investments need not cause fears of an Indian Raj over Britain. Rather than causing a reversal of history, he told members, Indians could surely show Britain a way out of the current recession.

June 18th, 2009 LONDON - India has emerged as the second largest investor in Britain, with a recession-busting 44 percent jump in the number of projects it has created since 2008, new figures reveal. Projects created or brought in by Indian investments number 108 -- behind top-ranking US's 621 and just ahead of third-ranked France's 101, the British government's trade and investment department said.

May 29th, 2009 NY pension fund takes more than 26 percent hitALBANY, N.Y. — New York state Comptroller Thomas DiNapoli says the state's massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street's meltdown and the recession.

May 27th, 2009 NEW DELHI - Rajasthan attracted investments worth Rs.69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here Wednesday said. The report, 'Investment Prospects in Indian Economy 2008-09' by the Associated Chambers of Commerce and Industry (Assocham), said Haryana, which attracted investments worth Rs.52,852 crore, came second, followed by Uttarakhand with Rs.36,059 crore.

May 8th, 2009 MUMBAI - Ongoing financial slowdown forced artists to slash down the prices of their paintings since expectations from buyers are low. The Indian art industry has come a long way and has now been recognised in the international market.

February 26th, 2009 NEW DELHI - Eyeing the increasing number of Indian tourists to Britain, the British tourism authority Wednesday launched a new initiative to facilitate their travel to the country. The authority, VisitBritain, launched a range of popular travel products that travellers can buy in India before flying to Britain.

January 22nd, 2009 LONDON - After months of speculation, Britain was officially declared to be in state of recession Friday, but Prime Minister Gordon Brown dismissed opposition claims that his government may need to be rescued by the International Monetary Fund (IMF). The Office for National Statistics (ONS) showed the British economy shrank by 1.5 percent in the final three months of last year, following a 0.6 percent fall in the third quarter of 2008.