In a landmark agreement, India’s largest stock exchange National Stock Exchange (NSE) announced a cross-listing arrangement with the Chicago Mercantile Exchange (CME) Group on Wednesday.

The high-profile two-day visit of Russian Premier Vladimir Putin to India begins tomorrow. Arms and nuclear energy are expected to feature prominently in the trade deals to be signed between the two countries.

The Reserve Bank of India Governor, Subbarao told media in Basel, Switzerland that the spoilsport of the Indian economy, inflation, would abate within the next few weeks.

After the initial euphoria generated by Budget 2010, the stock market has settled down to a firm positive outlook. Last week’s market trend remained upbeat riding on government’s assurances.