Russia

It was a ‘nuclear’ weekend in India and a period which will go down in history as a big victory for the man who started economic reforms in India; The Prime Minister Dr.Manmohan Singh. The Nuclear Suppliers Group giving India a waiver is an unprecedented move. A waiver that allows India to do nuclear trade with the rest of the world without having to sign the Non Proliferation Treaty or the NPT. What this means from the business side of things is quite simple and gigantic: The World’s second fastest growing economy is ready to spend Billions on nuclear energy and the rest of the World wants to take advantage of this.

One US analyst said it best when asked about the outcome of the recently failed WTO talks in Geneva “Success or failure of the Doha Round may very well lie in the hands of Kamal Nath alone”.While he did make this statement a few days before the talks were officially declared as a failure, he was definitely right.

For probably the first time in history three developing countries dictated the pace of the trade talks at Geneva. This year was perhaps special for them simply because when the entire issue being discussed began in 2001 in Doha they were merely participants but today they pretty much hold the key to World trade.

London/Mumbai: London may top the global property rates chart, but it’s high-end Indian real estate prices that are growing the fastest in the world.

A new study — ‘Wealth Report 2007’ — by real estate consultancy Knight Frank and Citi Private Bank shows that prime real estate rates in India, along with those in Russia and China, soared 40 to 50 per cent over the last year. The British capital, in comparison, recorded a price growth of 30 per cent in the high-end segment.