The leaders of Brazil, Russia, India, China and South Africa gathered in New Delhi today for a summit for the so-called BRICS group of emerging economies. At the top of agenda is a proposal to establish their own development bank.

Acts after threats from government

While other American firms have set up camp in the country, Starbucks is planning to open its first store in India in September.

The decision could mean big bucks for American companies like Wal-Mart, but some are nervous to what that could mean for local businesses.

It's not like a new Apple rumor emerges every day. Just every day ending in a y. Latest rumbling comes courtesy of Bloomberg, pointing to an…

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