Elastic Tapes: January 2010 Archives

WASHINGTON, Jan 30 (Reuters) - U.S. safety regulators aresatisfied with a Toyota Motor Corp. ( 7203.T ) plan for fixing anaccelerator problem that is part of a widening global recalland unprecedented sales and production halt, a governmentofficial said on Saturday.

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National Highway Traffic Safety Administration (NHTSA)engineers have reviewed Toyota's proposal for preventing gaspedals in eight models from sticking and have raised noobjections, said the official, who spoke on condition ofanonymity because the plan has yet to be publicly announced. Toyota has issued a series of recent recalls covering 5.6million vehicles in the United states due to suddenacceleration in some vehicles. It is the largest ever recallfor Toyota and among the biggest for an automaker in U.S.history.

Full Story: US satisfied with recall fix, Toyota chief apologizes - Reuters

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US issues new travel alert, India says no need to worry Times of India NEW DELHI: The US on Saturday issued yet another travel advisory, cautioning its citizens on the possibility of terror attacks in places frequented by ... US alerts its nationals about security concerns in IndiaEconomic Times all 56 news articles »

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Full Story: US issues new travel alert, India says no need to worry - Times of India

US, UK preferred markets for Indian IT services Economic Times According to a study by PricewaterhouseCoopers and CII, "The US and the UK are still considered attractive markets for expanding into with 71 per cent of ... and more »

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Full Story: US, UK preferred markets for Indian IT services - Economic Times

US needs to gear up, India's not waiting: Obama Times of India WASHINGTON: Asserting that he would not accept second-place for the United States, President Barack Obama has given a call to fix "the problems that are ... and more »

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Full Story: US needs to gear up, India's not waiting: Obama - Times of India

Reuters Firsts Take a look at the most powerful news wins from across the globe.

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RAWALPINDI, Pakistan (Reuters) - Attempts by the Afghan government and its allies to split the Taliban by luring away foot soldiers and isolating leaders will fail, said a retired Pakistani security agent who knows Taliban leaders. The United States and its allies are hoping 30,000 additional soldiers and a fresh commitment to Afghanistan, including funding for a formal reintegration programme for Taliban fighters, will help break the insurgency.

Full Story: U.S. will fail to split Taliban, ex-Pakistan spy says - Reuters India

United Nations: Australia’s non-proliferation envoy Gareth Evans has slammed the India-United States nuclear deal, saying it is a major hurdle to the goal of a nuclear-free world.

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“Everybody knows that from India’s point of view it was a brilliant success but from the point of view of non-proliferation objectives it wasn’t as helpful as it could have been,” Mr. Evans told journalists here. Mr. Evans, who is the co-chair of the International Commission for Nuclear Non-proliferation and Disarmament — a joint initiative of the governments of Japan and Australia, was speaking after presenting a report, ‘Eliminating Nuclear Threats: A Practical Agenda for Global Policymakers.’ One of the contributors for the report is the former National Security Adviser, Brajesh Mishra.

Full Story: 'India-US deal a major hurdle' - The Hindu

WASHINGTON - THE United States called on Tuesday for rival leaders in Northern Ireland to complete a deal on devolution of powers as Secretary of State Hillary Clinton prepared to fly to London.

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Mrs Clinton spoke by telephone about the crisis with Prime Minister Gordon Brown and may discuss Northern Ireland further with him when she attends meetings on Afghanistan and Yemen in London through Thursday, the State Department said. WASHINGTON - THE United States called on Tuesday for rival leaders in Northern Ireland to complete a deal on devolution of powers as Secretary of State Hillary Clinton prepared to fly to London.

Full Story: US seeks N.Ireland progress - Straits Times

CBC.ca

US must talk to Taliban, says 'Colonel Imam' Times of India ISLAMABAD: The United States must talk to the Afghan Taliban leader Mullah Muhammad Omar if it wants to resolve the conflict in Afghanistan, ... US commander hints at talks with TalibanThe Age US advised to negotiate with 'big-hearted' Taliban leaderSydney Morning Herald Pak must 'do more' against extremists to help US in Afghan war: JonesOneindia Atlanta Journal Constitution -The Guardian -DAWN.com all 1,373 news articles »

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Full Story: US must talk to Taliban, says 'Colonel Imam' - Times of India

Reuters Firsts Take a look at the most powerful news wins from across the globe.

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NEW YORK, Jan 25 (Reuters) - U.S. copper futures closedhigher on Monday, extending a bounce from last week's one-monthlow, but sentiment remained fragile due to concerns about U.S.bank regulation and further monetary tightening in China. For detailed report on global copper markets, click on[MET/L] * Benchmark copper for March delivery HGH0 settled up4.60 cents at $3.3930 per lb on the New York MercantileExchange's COMEX division.

Full Story: US copper closes higher, sentiment remains fragile - Reuters India

Indo-US ties a defining relationship of 21st century: US Economic Times 26 Jan 2010, 0917 hrs IST, PTI WASHINGTON: Identifying India as the one among the new centers of power in the world, a top Obama aide has said Indo-US ties ... and more »

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Full Story: Indo-US ties a defining relationship of 21st century: US - Economic Times

US, Europe sales help Zydus cross 100% growth Economic Times For Cadila Healthcare, the company attributed the rise in net profit to increased sales in the US, Europe, Indian markets and API exports, much higher than ... and more »

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Full Story: US, Europe sales help Zydus cross 100% growth - Economic Times

'Our objective is to reduce AEGON'S US exposure to 40-45%' Economic Times AEGON was affected by the financial crisis because of its large exposure to the US market. Since the crisis, the group has taken a decision to reduce US ... and more »

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Full Story: 'Our objective is to reduce AEGON'S US exposure to 40-45%' - Economic Times

New Delhi: Delhi Police is searching for an US-based Indian, from whose bag live cartridges were allegedly recovered at the airport here, and who gave the slip to investigators.

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The city police has also sought the help of their Kolkata counterparts to locate Subroto Lahiri, said to be a professor at a US university. Delhi Police had lost track of him though he was in their custody earlier. Lahiri was to go to Kolkata from Delhi on Friday morning by Kingfisher Airlines but did not take that flight. He left by an Indigo flight later that day, sources in the police said.

Full Story: Delhi Police searching for US-based Indian - Daily News & Analysis

Assets of Headley in crores spread across US, Pak and Gulf Economic Times According to sources privy to the investigations, the 49-year-old Headley owns palatial houses in Pakistan and the US besides flats in a Gulf country and ... and more »

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Full Story: Assets of Headley in crores spread across US, Pak and Gulf - Economic Times

US to World Bank: Don't fund coal-fired plants Times of India NEW DELHI: Close on the heels of the inconclusive end to the Copenhagen Accord, the US government has stepped up pressure on the World Bank not to fund ... and more »

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Full Story: US to World Bank: Don't fund coal-fired plants - Times of India

CricInfo.com

India concerned over US plan to give leathal drones to Pak Times of India NEW DELHI: Expressing concern over reported US plans to provide Pakistan with the lethal drones, the Indian government has again conveyed to the US its ... Why should Pak players' security be on us: Shilpa ShettyDaily News & Analysis No guarantee against repeat of 26/11: PakEconomic Times Gilani asks Gates to bridge 'trust deficit'The Hindu DAWN.com -Hindustan Times all 736 news articles »

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Full Story: India concerned over US plan to give leathal drones to Pak - Times of India

Bond yields ape US trend, but traders stay cautious Economic Times Bond yields eased to 5-week lows on Thursday tracking a fall in US yields with easing supplies lending further support, but trading was cautious ahead of ... and more »

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Full Story: Bond yields ape US trend, but traders stay cautious - Economic Times

U.S. Army soldiers from a Provincial Reconstruction Team walk by a girl on Jan. 20, 2010 in Orgune, Afghanistan. The soldiers, from Forward Operating Base (FOB) Orgun-E in Paktika Province, went to the village to inquire about local needs and concerns. (FOB) Orgun-E plays a critical role in disrupting Taliban routes into Afghanistan from neighboring Pakistan.

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ISLAMABAD - Pakistan ruled out any new offensive against militants on Thursday, even as U.S. defence chief Robert Gates began meetings aimed at persuading the country to expand its military campaign to take on Afghanistan's Taliban. Gates, on his first trip to Pakistan since U.S. President Barack Obama took office last year, is visiting after a period of tense relations marked by a significant degree of distrust on both sides.

Full Story: US defence chief in Pakistan seeking action on Afghan Taliban - Canada.com

Los Angeles Times

Difficult for India to show restraint if another 26/11 occurs: US Times of India NEW DELHI: India and US may be in a tight strategic-military clinch, which even extends to sharing security concerns over China's massive military ... US warns of threat from terror syndicateThe Hindu US warns of India stability threatFinancial Times Lashkar in Qaeda terror syndicate, trying to provoke Indo-Pak war: US Defence SecyIndian Express The Canadian Press -Economic Times -Daily Times all 1,557 news articles »

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Full Story: Difficult for India to show restraint if another 26/11 occurs: US - Times of India

The U.S. is “fully alive” to the dangers involved in India’s neighbourhood, External Affairs Minister S. M. Krishna said.

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Referring to the meetings U.S. Defence Secretary Robert Gates had with him and Prime Minister Manmohan Singh last evening, Krishna said “in sub-total, the impression that we get is that the U.S. is fully alive to the dangers involved in our neighbourhood, particularly because of the intransigence of Pakistan.” The minister was reacting to a question about Gates’ comments that India’s patience would be “limited” if a Mumbai-type attack recurs as his warning that Lashkar-e-Taiba in league with al-Qaeda could trigger an Indo-Pak armed confrontation to destabilise the region. Republication or redissemination of the contents of this screen areexpressly prohibited without the written consent of The Hindu.

Full Story: 'US fully alive to dangers in India's neighbourhood' - The Hindu

’s Mandideep facility has received a clearance from the United States Food and Drug Administration (US FDA) on the warning letter issued in May 2009 to its Mandideep site.

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After receiving the letter the compnay made "significant enhancements and took appropriate corrective actions," it said in a statement to the Bombay Stock Exchange. "With the recent inspections and satisfactory resolution of all pending concerns at Mandideep, all our facilities have now been inspected in the past year and have found to be in good shape," Executive Director Nilesh Gupta said in the statement.

Full Story: US FDA gives a clean chit to Lupin's Mandideep facility - Moneycontrol.com

Reuters

US defence secretary meets PM, discusses military cooperation Times of India NEW DELHI: In a clear push for closer bilateral military cooperation in the face of the "greatest common challenge of terrorism", visiting US defence ... US Defense Secretary in India for Regional Security TalksVoice of America Remarkable advancement made in Indo-US defence ties: GatesHindustan Times US Defense Secretary Robert Gates in India for 2-day visitChannel News Asia Daily Times -Times Online -Monsters and Critics.com all 942 news articles »

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Full Story: US defence secretary meets PM, discusses military cooperation - Times of India

US Defense Secretary Robert Gates on Tuesday said there has been a remarkable advancement of defence relationship between India and the United States in the last few years.

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"There have been remarkable advances made just in the last few years," Gates told reporters on board flying with him on his trip to India -- his first as the US Defense Secretary in Obama Administration. "I see it as a natural follow--on to Prime Minister (Manmohan) Singh's visit to Washington last November and the regular exchanges that we have had with the Indian military leadership, both civilian and in uniform," said Gates, who had a separate meeting with Singh during his State Visit to the US in November.

Full Story: Remarkable advancement made in Indo-US defence ties: Gates - Hindustan Times

Reuters

US special envoy Richard Holbrooke meets Krishna, discusses AfPak situation Times of India NEW DELHI: US special envoy Richard Holbrooke on Monday met external affairs minister SM Krishna and discussed ways of stabilising Afghanistan ahead of the ... US Envoy Says Taliban Attack on Kabul 'Not Surprising'Voice of America US Afghan envoy India-Pakistan detenteMoneycontrol.com No agenda in Afghanistan: IndiaThe Hindu domain-B -Little About (blog) -Daily Times all 473 news articles »

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Full Story: US special envoy Richard Holbrooke meets Krishna, discusses AfPak situation - Times of India

The Hindu

US Defence Secretary Robert Gates set to visit India Times of India WASHINGTON: US Defence Secretary Robert Gates will visit India from Tuesday, with deliberations on regional security situation top on his agenda during a ... US will not play mediator between India, PakistanDaily Times Pakistan has vital role for stability in Afghanistan: US envoyXinhua US condemns 'desperate', 'ruthless' Kabul attackAFP Reuters India -Livemint -Hindustan Times all 371 news articles »

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Full Story: US Defence Secretary Robert Gates set to visit India - Times of India

India to push US on social security pact Times of India NEW DELHI: In a move that could nip the current Indo-US bonhomie in the bud, the Indian government is likely to link progress on the social security ... and more »

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Full Story: India to push US on social security pact - Times of India

Ahead of US special envoy Richard Holbrooke's talks with Indian officials on Monday, Foreign Secretary Nirupama Rao has said US President Barack Obama has assured New Delhi that he has no desire to play a mediatory role in resolving the Kashmir issue.

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"President Obama and the American Administration told us over and over again that they have no desire to play a mediatory role on issues concerning India and Pakistan," Rao told Karan Thapar in The Devil's Advocate to be aired on CNN-IBN Sunday night, excerpts from which were made available in advance by the channel. She was responding to a question on whether Obama was looking to play a more assertive role in sorting out Kashmir than India would be willing to accept.  Rao also ruled out any chances of Washington linking Kashmir to unrest in Afghanistan, a position that Islamabad is trying to hardsell to Washington.  "I am not worried about that because the US is fully sensitised to our concerns on these issues. They consulted us closely in the run up to the Af-Pak strategy's formulation and we continue to remain in close touch with our American interlocutors on this," she said.

Full Story: US will not play mediator between India, Pakistan: Rao - Hindustan Times

Headley case reveals LeT's global ambitions of mass killing: US Times of India "The group's more recent thwarted conspiracy to attack the US embassy in Bangladesh should only deepen concern that it could indeed evolve into a genuinely ... and more »

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Full Story: Headley case reveals LeT's global ambitions of mass killing: US - Times of India

MiamiHerald.com

Pak handlers wanted to swap 26/11 hostages for Kasab, says US chargesheet Times of India This is part of the chargesheet -- the first-ever in a US court in connection with a terror attack on India -- filed against US-based terrorist duo Tahawwur ... US indicts Tahawwur Rana for 26/11NDTV.com all 837 news articles »

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Full Story: Pak handlers wanted to swap 26/11 hostages for Kasab, says US chargesheet - Times of India

WASHINGTON (Reuters) - U.S. consumer prices rose more slowly than expected in December from November, pointing to subdued inflation pressures that should permit the Federal Reserve to keep interest rates low for a while.

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The Labor Department said on Friday its Consumer Price Index rose 0.1 percent last month on modest gains in food and energy costs, after rising 0.4 percent in November. Separately, the New York Federal Reserve said its "Empire State" general business conditions index jumped to 15.92 in January from a revised 4.50 in December. Last month's reading was originally reported at 2.55.

Full Story: U.S. consumer price rise slows, regional output up - Reuters India

Bond yields fall on disappointing US jobs data Economic Times MUMBAI: Government bond yields fell on Monday as US jobs data late on Friday indicated the world's largest economy was still not out of the woods. ... and more »

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Full Story: Bond yields fall on disappointing US jobs data - Economic Times

Unfair to blame us for delay in power projects: BHEL Economic Times 10 Jan 2010, 1517 hrs IST, PTI NEW DELHI: Under attack for delays in completion of power projects, state-owned equipment manufacturer BHEL has asserted that ... and more »

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Full Story: Unfair to blame us for delay in power projects: BHEL - Economic Times

India asks US authorities not to take action against Satyam Economic Times 10 Jan 2010, 1201 hrs IST, PTI NEW DELHI: India has requested authorities in the United States not to take any action against scam-hit Satyam as it would ... and more »

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Full Story: India asks US authorities not to take action against Satyam - Economic Times

Ideators feted in US say they owe it to IIT Times of India The institute sent us abroad to interact with technologists and researchers and we've had opportunities other students can only dream about. ... and more »

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Full Story: Ideators feted in US say they owe it to IIT - Times of India

AFP

Govt set to ink record $2.2bn arms deal with US Times of India NEW DELHI: The stage is being set for what will be the largest-ever Indo-US defence deal till now. New Delhi has now formally approached Washington for a ... India to buy 10 C-17 heavy-lift aircraft from USDaily News & Analysis all 58 news articles »

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Full Story: Govt set to ink record $2.2bn arms deal with US - Times of India

Deccan Herald

D-Company threat to US security: Report Economic Times NEW DELHI: A US Congressional report said the Dawood gang with its alliance to the ISI, Lashkar-e-Toiba and the Al Qaeda is an example of criminal-terrorism ... Dawood is a terrorist, has 'strategic alliance' with ISI, says USTimes of India Dawood's D-Company in cahoots with LeT, Al Qaeda: US reportHindustan Times all 21 news articles »

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Full Story: D-Company threat to US security: Report - Economic Times

US rolls out new online visa form in India to cut needless delays Times of India NEW DELHI: With the demand for US visas surging by the day, the US embassy and its consulates in India have introduced a new online non-immigrant visa (NIV) ... New web-based US visa application from January 19Press Trust of India all 13 news articles »

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Full Story: US rolls out new online visa form in India to cut needless delays - Times of India

MUMBAI, Jan 5 (Reuters) - India copper futures, whichstruck a contract high in the previous session, were almoststeady on Tuesday as support from strong U.S. manufacturingdata was offset by a strong rupee, analysts said.

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The most-traded February contract MCCG0 on the MultiCommodity Exchange (MCX) was trading 0.16 percent percent lowerat 346.80 rupees per kg at 10:18 a.m. "The supporting factor would be yesterday's ISM data fromU.S., while a strong rupee is likely to weigh. Trading rangeseen is 343-350 rupees," said Murukesh Kumar, senior analyst,JRG Wealth Management.

Full Story: India copper almost steady on US data, rupee - Reuters India

The Bosch Group witnessed one of the worst slowdowns in its history last year, with a double-digit fall in worldwide revenues. The group, however, posted a respectable increase in India during the same year. The company is making more investments into its India operations and aims to replicate the business ideas and variations in technology adopted here for global use.

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You have six companies operating in India. What is the growth you have posted and what are your projections? The global economic slowdown impacted Bosch, as it did all manufacturers. Our revenues declined by 15 per cent last year. However, in India, we grew by five per cent, posting an overall revenue of Rs 6,800 crore. There has been a very strong growth in recent months in the Indian automotive segment. We are expecting to grow at 14-15 per cent annually, provided that India’s GDP (gross domestic product) grows at 7-8 per cent. We should post Rs 14,000-15,000 crore in revenues in three to four years, from about Rs 6,800 crore. How much more investment would flow into India? We are making an investment of Rs 2,000 crore over the next three years, starting this year. This will be in addition to the Rs 2,100 crore which was invested in 2005 and 2009. Nearly a quarter of these investments will go into further strengthening the group’s research and development activities. Over 80 per cent of our revenues are generated from the automotive technology business in this country.

Full Story: 'Our Indian operations are helping us better the technology' - Business Standard

When human resource development minister Kapil Sibal returned from the US recently, he boasted of a long list of foreign universities interested in setting up shop in India. But it appears that his claim does not hold much water. At least two universities DNA wrote to denied India plans.

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Sibal had, based on his interactions with representatives of Massachusetts Institute of Technology and Harvard, Yale, Boston, Washington, Houston, Kentucky, Nebraska and North Carolina universities, claimed that many US universities were keen on setting up campuses in India. However, Michelle Sherrard of George Washington University said, “We have no plans for a campus in India.” Jim Aisner, director of media relations at Harvard Business School (HBS), wrote, “HBS has only one campus and it is in Boston, Massachusetts. We have no plans to open more. We, however, have research centres around the globe, including one in Mumbai. Their mission is to help HBS faculty with on-site research and course development in each of the regions served.” Other universities, it is learnt, are adopting a wait-and-watch policy. Many are believed to have developed cold feet due to the strict norms proposed in the foreign education provider bill.

Full Story: US universities deflate Kapil Sibal's campus claim - Daily News & Analysis

According to the Association of Physicians of Indian Origin (AAPI), the U.S. government is expected to introduce a bill in the Senate and the Congress that will do away with the present federal cap on the intake of medical students.

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If the bill is passed, it would greatly benefit international students, including those from India. Post the approval of the bill, as many as 5,000 more Indian doctors will get access in the U.S. every year for their residency training. Advantage: India The approval will represent a victory for the AAPI, as it has been pressing the U.S. administration to raise residency slots for medical graduates to enable more international students to join post-graduate courses.

Full Story: US to increase medical student intake - TheMedGuru

US probes operations of Rana's immigration services firm Economic Times 3 Jan 2010, 1551 hrs IST, PTI CHICAGO: US authorities are probing the operations of Pakistani-Canadian terror suspect Tahawwur Rana's consultancy firm, ... and more »

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Full Story: US probes operations of Rana's immigration services firm - Economic Times

Consequent to Board of Directors of Himadri Chemicals and Industries Limited (“Himadri”) approving an issuance of 6.31mm shares to Bain Capital India Investments (“Bain Capital”) on a preferential basis, both parties entered into an agreement for the same at a price of Rs 400 per share (“Issue Price”), resulting in an equity raise of Rs 252 crores (US$ 54mm) “Preferential Offering”).

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The issuance is subject to shareholders’ approval, for which an EGM has been called for on January 29, 2010. Upon issuance of such shares, Bain Capital will own 15.39% of the fully diluted and expanded share capital. Bain Capital will be making a mandatory tender offer for 20% of the expanded equity base in accordance with the takeover regulations, amounting to a further investment of up to Rs 328 crores (US$ 70mm), which together with the Preferential Offering would make this one of the largest Private Equity investments in India over the past year or so. The issue proceeds will be used to augment the Company’s capacity in current line of businesses as well as to further forward integrate into other value added downstream products including expanding capacity in power generation, besides expansion in China and other global markets. Commenting on the investment, Mr. Anurag Choudhary, CEO, Himadri, said: “Himadri is today the clear leader in its business segments in India. We welcome Bain Capital into Himadri family, and hope to leverage their investment and value addition expertise, proven with a number of leading global companies, to help take Himadri to a global leadership position.” Bain Capital’s spokesman said “We are excited about having Himadri as our first investment in India. We are particularly impressed with the quality of visionary leadership provided by the family and the depth of a truly high quality professional management team that ensures high standards of operational excellence. “ UBS Investment Bank and Enam are respectively acting as financial advisors to Himadri and Bain Capital on this transaction. Argus Partners and AZB & Partners are respectively acting as legal advisors to Himadri and Bain Capital. Kirkland & Ellis LLP is acting as international legal counsel to Bain Capital.

Full Story: Bain Capital to invest up to US$124 MM in Himadri Chemicals - Expressindia.com

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US, EU condemn Lakki Marwat bombing Daily Times WASHINGTON/BRUSSELS: US Secretary of State Hillary Clinton and European Union's new foreign policy supremo Catherine Ashton have denounced the suicide ... US condemns Pak suicide bombingDaily News & Analysis What does new militant strategy mean for Pakistan?Moneycontrol.com Clinton condems Pakistan suicide attackAFP Xinhua all 143 news articles »

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Full Story: US, EU condemn Lakki Marwat bombing - Daily Times

NEW DELHI: The United States administration is likely to introduce a bill in the Senate and the Congress to remove the federal cap on the intake of medical students, according to the Association of Physicians of Indian Origin (AAPI), a body of physicians of Indian-origin in India. This would benefit international students, including those from India.

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According to Vinod K. Shah of the AAPI, President Barack Obama has assured the association that his government would introduce the bill to add an additional 15,000 residency slots. This has been a long-standing demand of the AAPI to increase residency slots for medical graduates to facilitate more international students join post-graduate courses, Dr. Shah told journalists at the Global Healthcare Summit here on Saturday.

Full Story: US to lift cap on intake of medical students - The Hindu

Jan. 2 (Bloomberg) -- President Barack Obama said the U.S. is at war with a “network of violence and hatred” and vowed to defend the nation from terror after a suspected terrorist attempted to blow up an airliner on Christmas Day.

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In his weekly radio and Internet address, Obama said Umar Farouk Abdulmutallab’s attempt to blow up a Northwest Airlines flight before it landed in Detroit is another in a series of incidents conducted by terrorists operating in Yemen. “This is not the first time this group has targeted us,” Obama said. “Our nation is at war against a far-reaching network of violence and hatred, and that we will do whatever it takes to defeat them and defend our country.” Obama has ordered a review of terrorist intelligence gathering and aviation security after Abdulmutallab, a 23-year- old Nigerian, allegedly smuggled explosives onboard an airliner even after being on a government list of people with suspected ties to terrorism.

Full Story: Obama Says US at War With 'Network of Violence and Hatred' - BusinessWeek

As Moore, a computer consultant from Lincoln, flew back to Britain, General David Petraeus, the head of US central command, confirmed the American assessment that Moore – seized with four bodyguards in Baghdad in 2007 – had "certainly" been taken across the border into Iran. The Iranian role in the abduction, reported by the Guardian on Thursday , suggests Tehran's influence in Iraqi politics is even more pervasive than previously thought.

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Moore flew into RAF Brize Norton this evening on board a plane belonging to International SOS, a global medical and security firm. He was accompanied by a Baghdad-based British consular official and is due to be reunited with his family tonight. His step-parents, Fran and Pauline Sweeney, issued a statement saying: "We are thrilled to have Peter back safely. We have a lot of catching up to do and would like to have time with Peter on our own. We would now ask the media to give us space and privacy." The Foreign Office has repeatedly said that there is no evidence Moore was ever held inside Iran, dismissing the report as "speculation". But General Petraeus flatly contradicted the official British view at a Baghdad press conference.

Full Story: US general: British hostage held in Iran - The Guardian

India to press US on non-tariff trade barriers Economic Times NEW DELHI: India will hold a fresh round of discussions with the US in the New Year on protectionist measures being taken by Washington in the backdrop of ... and more »

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Full Story: India to press US on non-tariff trade barriers - Economic Times

Indian IT cos set sights on clients' captive operations in US, Europe Economic Times EXL may shortly strike a captive deal in the insurance or banking space in the US or Europe. “We are in advanced talks with a couple of US and Europe based ... and more »

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Full Story: Indian IT cos set sights on clients' captive operations in US, Europe - Economic Times