Starbucks: India is the Fastest-Growing Market in Our History
 With 40 stores opened in 17 months of operation, India is the fastest-growing market in the history of the Seattle-based iconic American coffee chain Starbucks, according to a company statement. Starbucks opened its first Indian store in 2012, in Mumbai. 
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Biotech Could Be $200 Billion Industry in Next Decade
Biotechnology could become a bigger industry in India than information technology in the coming decade, with far-reaching benefits for related sectors, said the head of India's National Innovation Council. Such a boom would require a sector investment of up to $40 billion, he said.
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India Ready to Discuss IP Rights at WTO
India said it ready to discuss the issue of intellectual property rights with the U.S. anytime at the World Trade Organization because India is confident it has not breached any international agreements, said Commerce and Industry Minister Anand Sharma.
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Supermarket Giant Tesco Coming to India
British supermarket giant Tesco has signed a deal to become the first foreign supermarket to enter India's $500 billion retail sector. Tesco's entry is a result of the Indian Government's lifting of a ban on foreign investment in Indian retail. Twelve supermarkets are initially planned.
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India Shines Again in De Beers' Sight
 Diamond giant De Beers has reaffirmed its commitment to doing business in India, the world's No. 1 diamond cutter, by establishing three new cutting-and-polishing centers in the country. De Beers' rough diamond distribution arm has 85 processing centers around the world, 41 of which are in India. Nearly three-quarters of the world's diamonds are processed in India.
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Indian Finance Minister Palaniappan Chidambaram said the central bank's board mostly agrees with him that the objective of monetary policy should be both price stability and economic growth.
The Government has allowed five private-sector banks to import gold, in what industry officials say could be a significant step toward easing of tough curbs on the precious metal imposed last year to cut the country's trade deficit.
