Capital inflows have reached record levels as investors borrow cheap from advanced countries and invest in high-yielding assets in developing countries.

India and the European Union (EU) have begun discussions to resolve the ongoing dispute over the seizure of Indian generic drugs consignments in transit at European ports. Lutz Guellner, spokesperson for the European Trade Commissioner, told Business Standard that a meeting of the EU-India Joint Customs Cooperation Committee held in New Delhi on Thursday proved "constructive" with an "open discussion of the issues" taking place.

The tiny Nano car made by India's Tata Motors has been described by company director Jamshed J. Irani as having huge potential.

Swedish automobile manufacturer Volvo's all-new S60 compact sedan equipped with the ground-breaking technology to avoid hitting wayward pedestrians will be sold in Australia from 2010.

To attract foreign investors to bid for road projects in the country, road transport and highways minister Kamal Nath said on Sunday the government would award the first mega highways project in two months.