People are pictured inside a shopping mall in Mumbai. India's moves to open up its multi-brand retail sector to foreign investors is a headline issue for US President Barack Obama's visit to India, closely watched by retail giant Wal-Mart Stores.India's moves to open up its multi-brand retail sector to foreign investors is a headline issue for US President Barack Obama's visit to India, closely watched by retail giant Wal-Mart Stores.India allows 51 per cent in single-brand retail. Overseas investment in multi-brand retail -- modern supermarkets -- is only allowed in wholesale.Indian Trade and Industry Minister Anand Sharma, whose department released a widely-debated paper on the subject, has talked up the positives on job creation and reduced waste, though he was been careful not to commit to a definite view.Perhaps the biggest obstacle is sections of the ruling Congress party. Many in the party are worried opening up the sector could see millions of job losses among small shopkeepers that are a mainstay of Indian consumers.(Pictures by Reuters)

November 1: The lensman`s view


A man stands beside a car inside a parking space in New Delhi August 10, 2009. Indian carmakers maintained double-digit sales growth in Oct on robust demand in one of the world&#39;s fastest-growing markets.

MARUTI 
India&#39;s largest car maker Maruti Suzuki India reported its highest ever monthly sales at 1,18,908 units in October, registering a robust 39.21 per cent.

TATA 
Tata Motors today reported 21.26 per cent increase in its sales to 64,757 units compared to 53,404 units(YoY)

HYUNDAI 
country&#39;s second largest carmaker Hyundai Motor India reported its best ever domestic monthly sales at 34,725 units in October, a jump of 22.70 per cent

TVS 
TVS Motor, India&#39;s third largest two wheeler maker, said its total vehicle sales in October was 195,271 units compared with 131,941 units, up 48 per cent.

GM 
General Motors India sales climbed 35.59 per cent to 10,051 un

A man stands beside a car inside a parking space in New Delhi August 10, 2009. Indian carmakers maintained double-digit sales growth in Oct on robust demand in one of the world&#39;s fastest-growing markets.

MARUTI 
Ind

An engineer of Oil and Natural Gas Corp (ONGC) works inside the Kalol oil field in Gujarat 

Oil and Natural Gas Corporation (ONGC) is eyeing the US energy major Exxon Mobil&#39;s 25 per cent stake in a deep-sea block in Angola.

"We have been making efforts to acquire interest in upstream opportunities in Angola since 2002. We keep receiving proposals and we are examining one such opportunity," said R S Butola, Managing Director of ONGC Videsh, the overseas investment arm of ONGC.
 
Visiting Angolan Oil Minister Jose Maria Botelho de Vasconcelos said certain companies are looking at exiting Block 31 and they may be Exxon Mobil and Total of France.

An engineer of Oil and Natural Gas Corp (ONGC) works inside the Kalol oil field in Gujarat 

Oil and Natural Gas Corporation (ONGC) is eyeing the US energy major Exxon Mobil&#39;s 25 per cent stake in a deep-sea block in Angola.
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A T-Mobile G1 Google phone running Android is shown photographed in Encinitas, California

Google&#39;s Android software platform rose to No. 2 spot globally on the booming smartphone market in the third quarter, research firm Canalys said on Monday.

Nokia&#39;s Symbian continued to lead the market with a 37 per cent share, while Android had 17 per cent of the market. It has surpassed Research In Motion, Apple and Microsoft this year.

Growing popularity of Android phones -- made by companies including Motorola Inc, HTC Corp and Samsung Electronics -- puts Google in a good position as handsets look set to surpass computers for browsing the Web.

A T-Mobile G1 Google phone running Android is shown photographed in Encinitas, California

Google&#39;s Android software platform rose to No. 2 spot globally on the booming smartphone market in the third quarter, research firm Cana

International Energy Agency (IEA) Executive Director Nobuo Tanaka smiles during an interview with Reuters at Singapore International Energy Week November 1, 2010. Global economic recovery has been more fragile than expected and oil inventories remain very high, Tanaka said on Monday.

Global economic recovery has been more fragile than expected and oil inventories remain very high, Nobuo Tanaka, executive director of the IEA said on Monday.

He also cautioned about the creation of an asset bubble in commodities following the second round of quantitative easing by the US Federal Reserve.

"The economic recovery has been a bit more fragile than people thought," he told Reuters in an interview at the Singapore International Energy Week conference.

"There&#39;s still some uncertainty about recovery in Europe, while China is concerned about inflation and they&#39;re tightening policy."

International Energy Agency (IEA) Executive Director Nobuo Tanaka smiles during an interview with Reuters at Singapore International Energy Week November 1, 2010. Global economic recovery has been more fragile than expected and oil inventories

People are pictured inside a shopping mall in Mumbai. India's moves to open up its multi-brand retail sector to foreign investors is a headline issue for US President Barack Obama's visit to India, closely watched by retail giant Wal-Mart Stores.India's moves to open up its multi-brand retail sector to foreign investors is a headline issue for US President Barack Obama's visit to India, closely watched by retail giant Wal-Mart Stores.India allows 51 per cent in single-brand retail. Overseas investment in multi-brand retail -- modern supermarkets -- is only allowed in wholesale.Indian Trade and Industry Minister Anand Sharma, whose department released a widely-debated paper on the subject, has talked up the positives on job creation and reduced waste, though he was been careful not to commit to a definite view.Perhaps the biggest obstacle is sections of the ruling Congress party. Many in the party are worried opening up the sector could see millions of jo