Mauritius Based Pavers Foresight Smart Ventures announced a 50:50 JV with the 150 millon Euro Company "Fly Flot" of Italy. 

Fly Flot is the largest footwear manufacturer in Europe, with presence in 57 countries, and produces close to 7.2 Million pairs of footwear annually. The firm among the worldwide leaders in direct injection polyurethane comfort technology.

Under the arrangement, both partners would invest Euro 2 million for the setup of a Greenfield plant in Tamil Nadu. 

Berlin - German Chancellor Angela Merkel renewed her opposition Monday to Italian Prime Minister Silvio Berlusconi's proposal for a European fund to help banks in trouble.

Closer cooperation between members of the European Union was needed to bring security to financial markets, the chancellor told a joint press conference ahead of talks in Berlin.

"Every country has to live up to its own responsibilities," she said, calling for a more coherent approach to the financial crisis which has spilled over to Europe from the United States.

Rome - Hit-men shot dead Sunday the uncle of a mafia turncoat at a recreational club near Naples, southern Italy, news reports said.

The 60-year-old man, Stanislao Cantelli, was playing cards with friends at the centre in Casal di Principe, when unidentified gunmen repeatedly shot him with 9mm calibre pistols, the ANSA news agency reported.

Cantelli's nephew, Luigi Diana, is a former member of the Camorra, the Neapolitan version of the mafia, who began collaborating with authorities.

Madrid - Spain and Italy "clarified" their spat over Madrid's immigration policies on Friday, after Italian Interior Minister Roberto Maroni described Spain's system as "permissive," Spanish Deputy Prime Minister Maria Teresa Fernandez de la Vega has said.

Maroni had claimed in an interview with Italian media on Thursday that there were now less than 120,000 Roma Gypsies in Italy, because many of them had gone to "the more permissive Spain of (Prime Minister Jose Luis Rodriguez) Zapatero."

Milan (Italy), Oct 2 : The recent attacks on Christians in Orissa and Karnataka are tarnishing the secular image of India in Europe. Christians are questioning the effectiveness of the law and order machinery in the country.

Christians in Italy want to seek Prime Minister Manmohan Singh’s intervention to ensure safety of their co-religionists and churches in India against activities of hoodlums.

Members of the Christian community in Italy were developing a dislike for Hindus and Sikhs residing in the European countries.

Rome - "A pinch of Parmesan" has taken on a different connotation in Italy where the famous cheese is the food product most targeted by shoplifters in supermarkets.

During the period 2006-2007, one in 10 Parmesan products vanished from the shelves of Italian supermarkets without being paid for, a group representing Italian producers of agricultural products said Thursday.

The figure marked an 11 per cent increase over the previous year, the group, CIA, said.