New Delhi / Bloomberg Prime Minister Narendra Modi, long an opponent of global retail giants, is finally giving them an opening in India. Modi’s government is finalizing details of a policy to allow 100 percent foreign investment in marketing of food made in India. Companies like Wal-Mart Stores Inc. and Carrefour SA will be allowed to set up shops as …

New Delhi / AFP India flagged off its fastest-ever train on Tuesday as part of a major modernisation of the crumbling railway system — but its top speed is only half of those in China and other countries. Railways Minister Suresh Prabhu hailed the Gatimaan Express, running from New Delhi to the Taj Mahal and boasting hostesses and bone china …

Bangkok / DPA Mitr Phol Group, Thailand’s biggest sugar and bio-energy producer, has budgeted 50.4 billion baht (US$1.43 billion) to invest in five major areas between now and 2020: sugar, renewable energy, wood-substitute materials, overseas ventures, and logistics. President and chief executive officer Krisda Monthienvichien-chai told a news conference on the weekend that 28 billion baht would be spent on …