The top headlines this hour with CNBC's Adam Bakhtiar.

Anand Sharma, Indian minister of state for external affairs is in favor of diplomacy over confrontation in resolving the tensions over Iran nuclear ambitions. CNBC's Sri Jegarajah asks him whether pressure from the U.S. would cause India to abandon its plans to build the natural gas pipeline between Iran and India.

The finalization of the civilian nuclear agreement between India and the U.S. is in the interest of both countries and also the world community, says Anand Sharma, Indian minister of state for external affairs. He tells CNBC's Sri Jegarajah more.

The growth of information means that demand for EMC's corporate storage equipment will not be impeded by the global slowdown, notes Steven Leonard, senior VP at EMC. He updates CNBC's Martin Soong & Sri Jegarajah on EMC's future plans.

The price of oil, if based on global supply and demand, should be around $83 to $85-a-barrel, according to Hugh Johnson, chairman at Johnson Illington Advisors. He talks oil, with CNBC's Martin Soong & Sri Jegarajah.

The top headlines this hour with CNBC's Adam Bakhtiar.

Alvin Cheng, CEO of Pacific Shipping Trust is very pleased with his firm's second-quarter earnings as revenue rose 17% on year to $10 million. He reveals the firm's corporate strategy ahead, with CNBC's Martin Soong & Adam Bakhtiar.

The global property market will take some time to recover, says Greg Paramor, CEO of Mirvac, following the firm's downgrade of its 2009 forecast. He gives his forecast on when the property market will recover, with CNBC's Oriel Morrison.

Orica will spin off its consumer division as Graeme Liebelt, its CEO believes this division is at risk of being undervalued in the firm's portfolio. He tells CNBC's Oriel Morrison more about the plans ahead for Orica.