Chinese President Hu Jintao has been named the
most powerful person in the world.
Ahead of US President Barack Obama who is ranked
Sonia Gandhi ranks 9th on the Forbes 2010 list of the
'World's Most Powerful People.' Manmohan Singh
comes in at number 18.
India's business tycoons Reliance Industries Chairman
Mukesh Ambani, Tata Sons Chairman Ratan Tata and
head of ArcelorMittal, Lakshmi Mittal also make the
India is among the 40 most- improved
economies since 2005.
India has made significant changes in
improving business regulations at a steady
According to the International Finance
Corporation, a wing of the World Bank.
Reforms focused on technology--implementing
electronic business registration, electronic filing
for taxes, an electronic collateral registry, and
online submission of customs forms and
Iron ore miner Vale signed a preliminary deal to jointly
build an intergrated steel mill in Brazil.
The deal is with South Korean steelmakers POSCO
and Dongkuk Steel.
The plant, which is expected to be
50 percent owned by Vale,
30 percent by Dongkuk
20 percent by POSCO
› seeks to produce 3 million tonnes of steel a year after its
construction would be completed in 2014.
The factory, to be located in Brazil's Ceara state will
eventually have a capacity of 6 million tonnes a year
Food inflation rose 12.85 percent,
While the fuel price index climbed 10.67 percent in the year
to Oct. 23, government data showed.
In the prior week, annual food and fuel inflation stood at
13.75 percent and 11.25 percent respectively.
The primary articles index was up 15.43 percent in the latest
week compared with an annual rise of 16.62 percent a week
The wholesale price index , the most widely-used gauge of
prices in India , rose 8.62 percent in September compared
with an annual rise of 8.5 percent in August.
Coal India shares surged as much as 39 percent in
their $3.43 billion IPO debut.
Investors snapped up a stock that is a proxy for
surging growth and energy demand in Asia's third-
India's dominant coal miner spurred demand from
investors who applied for more than 15 times the
number of shares on offer in the country's largest-ever
The stock rose as high as 340 rupees for a gain of 38.8
percent and accounted for more than half the
volume traded on India's two main bourses.