A powerful earthquake struck Nepal and sent tremors through northern India on Saturday, killing more than 1,000 people, toppling a 19th-century tower in the capital Kathmandu and touching off a deadly avalanche on Mount Everest.
A massive earthquake measuring 7.7 magnitude struck 80 km east of Pokhara in Nepal on Saturday, causing some buildings in the capital Kathmandu to collapse, witnesses said.
There was no immediate word on casualties.
Saudi Aramco and India's Reliance Industries have not yet concluded a term contract to import diesel and gasoline, three industry sources said, fanning market speculation that the long-standing annual deal may not be renewed.
India's push to accommodate a booming urban population and attract investment rests in large part with dozens of "smart" cities like the one being built on the dusty banks of the Sabarmati river in western India.
Jumeirah Group, a Dubai-based luxury hospitality company, plans open a property in India's commercial capital Mumbai by 2019, a report said.
The group has already signed a management contract and the property will be under the Jumei
India said yesterday its industrial production grew by five per cent in February, its highest rate in nine months, indicating a boost in Asia's third-largest economy.
The year-on-year jump in production by Indian factories, mi
India was aiming to agree a deal to buy 63 French-made Rafale fighter jets for €7.2 billion ($7.7 billion) during the Indian prime minister's visit to Paris starting on Friday, Le Monde newspaper reported.
India's cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared "black money" in property markets that costs the exchequer billions of dollars in lost taxable income.
The changing dynamics of Gulf-Asia economic and diplomatic links came up for discussion at a forum organised by Bahrain-based International Institute for Strategic Studies (IISS).
Sponsored by the Economic Development Board (EDB),
India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies, the government said.
India has not been invited to join pacts such as the US-le