France Friday announced an investment of 2 billion euros (about USD 1 billion) in India as Prime Minister Narendra Modi invited French companies to pump in money in technology in the fastest growing economy.
China, already at the centre of world trade, plans to spend billions of dollars to revive intercontinental land routes and develop maritime links to expand commerce and give it more weight in a freight system dominated by European shipping lines.
Iran and China are to ink cooperation deal for construction of Bakhtiari Dam in Iran, which would be the tallest concrete dam in the world, the managing director of Iran Water and Power Resources Development Company stated.
With huge potential to generate power in the northeastern region remaining untapped, the government has earmarked an investment of over Rs 37,400 crore for setting up power projects to add 5,350 MW capacity by 2016.
General Electric Co (GE.N) (GE.N) expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.