They are both electronic manufacturing services (EMS) companies, also known as contract manufacturers. One is Taiwan's Foxconn group, the undisputed global number one in this business with revenues of $223 billion. The other is Dixon Technologies, the biggest domestic player with revenues of over Rs 10,500 crore.
India remains an attractive destination for foreign direct investments (FDI) on account of healthy prospects of economic growth and its skilled workforce, according to a survey by Deloitte. A large proportion of international business leaders remain confident in India's short- and long-term prospects and are readying plans to make additional and first-time investments in the country, it said on Tuesday. "The survey, which questioned 1,200 business leaders of multinational corporations in the US, UK, Japan and Singapore, found that India remains an attractive destination for investments, scoring highly for its skilled workforce and prospects for economic growth," the survey - India's FDI Opportunity - said.
Nikhat Zareen, Lovlina Borgohain, Nitu Ghanghas and Saweety Boora will look to bag gold at the Women's World Boxing Championship.
In the rematch of last year's quarter-finals, Nitu and Balkibekova went all guns blazing in the first round. However, the Kazakh was dominant and took the round 2-3.
A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the United Nations said on Tuesday, highlighting the remarkable achievement by the world's most populous nation.
The Indian and Chinese troops have been locked in a tense border standoff in eastern Ladakh since May 5, 2020, when a violent clash between the two sides erupted in the Pangong lake area.
This includes over $15 billion of proposed investment in the infrastructure sector in the Indo-Pacific and $9 billion for shoring up American defence in the region.
Nikhat Zareen punched her way to a second successive gold title at the Women's World Boxing Championship in New Delhi.
Indians are becoming much more spendy and discerning travellers and look for places that can offer them a 'new' kind of experience.
With the arrest of one person from Noida, the cyber cell of Uttar Pradesh police on Wednesday claimed to have busted an online fraud nexus worth Rs 3,000 crore with links in China.
"We value our partnership with India, and we've been increasing it and doing a lot more, over time. They have the same security challenge, primary security challenger that we do, and it's real on their northern border," Admiral John Christopher Aquilino, commander of United States Indo-Pacific Command, told members of the House Armed Services Committee during a hearing on Indo-Pacific National Security Challenges.
When stars travel, they make lovely pictures on social media.
Pompeo explains how the Donald Trump administration succeeded in bringing India on board the Quad grouping.
S L Narayanan, Harsha Bharathakoti, Karthik Venkataraman and Shamsiddin Vokhidov, the other players who had an outside chance of a shot at the title, missed out after drawn games.
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
The Vietnamese capital, which hosted the 2003 Southeast Asian Games and the 2009 Asian Indoor Games, beat Indonesia's Surabaya for the right to stage the 18th edition of the event after Dubai pulled out at the last minute.
Indo-Pacific region. Senior officials from the ministries of External Affairs and Defence, and the US departments of Defence and State met here for the India-US 2+2 Inter-Sessional meeting.
Chinese foreign ministry spokesperson Mao Ning said China believes that state-to-state interactions should be in line with the trend of the time which is peace and development rather than exclusivity.
How many of the apps downloaded in India deliver the GPT technology they say they are?
Spain and Japan have six points and will play each other on Monday for top spot in the group
HCL Technologies plans to double its fresher hiring for the upcoming financial year (FY23) as attrition continues to inch up. The company said that it will hire 40,000-45,000 freshers for FY23, up from 20,000-22,000 target for FY22. The company also stated that to ease supply-side constraints and to have access to diversified skills, it was expanding into other geographies over the next three-four quarters. "Some of the geographies that we are investing in to source talent include countries like Romania, Hungary, Bulgaria, Guatemala, Costa Rica. We are also ramping up our presence in Sri Lanka, Vietnam, Australia, New Zealand, etc.
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals
Citing unviable duty structure on key components like flat panels and open cell parts, Samsung had shuttered its TV assembly lines in Tamil Nadu in 2018.
'As one might expect, he believed the Indians were preparing their nuclear weapons for deployment. It took us a few hours - and remarkably good work by our teams on the ground in New Delhi and Islamabad - to convince each side that the other was not preparing for nuclear war'
Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
A tour of Vietnam and Cambodia with Anita and Rohit.
Input shortages and low inventories, according to Nomura, will likely lead to production cuts and delayed shipments in the September 2021 quarter.
'I also wish he would lead a spiritual life, confessing his past involvement in criminal activities'
Domestically, Indians are exploring popular beach destinations, the hills of Himachal Pradesh and Uttarakhand, and the North-Eastern region as well.
Three business houses are likely to be in the final race to strike a deal with Germany's Metro AG for investing in its India unit -- Metro Cash & Carry. Industry sources in the know named Reliance, Adani Group, and Thailand's conglomerate Charoen Pokphand (CP) as potential frontrunners to acquire a partial or full stake in the Gurugram-headquartered Metro Cash & Carry, which has 31 stores and 5,000 direct employees. Around 20 companies, including strategic and private equity investors, were approached by the German chain, inviting them to bid for the Indian wholesale business, according to a source aware of the M&A developments.
Technology major Apple earned nearly one-third of its revenue from emerging markets and doubled its business in India and Vietnam in fiscal 2021, according to its CEO Tim Cook said. Apple posted a 29 per cent year-on-year growth in revenue at $83.4 billion in the fourth quarter ended September 25, 2021. Its net income stood at $20.55 billion in the said quarter as against $12.67 billion in the year-ago period.
India head coach Igor Stimac feels this may be the final season of talismanic striker Sunil Chhetri's career.
Indian freestyle wrestlers claim Asian team title in U-17 category
Blinken also underlined that diplomacy is the only way to definitively end the Russian conflict in Ukraine.
It will be a historic and strategic mistake to insist on taking China as a threat and adversary, or even an enemy, Chinese Defence Minister General Wei Fengh said on Sunday as he underlined that the China-United States relationship is at a critical and crucial juncture.
Foxconn means serious business in India. Its delegation to India was led by its Chairman Young Liu who met Prime Minister Narendra Modi.
"This trip will advance the Biden-Harris administration's rock-solid commitment to a free and open Indo-Pacific," White House Press Secretary Jen Psaki said in Washington, DC on Wednesday.
Blinken will also attend a meeting of the foreign ministers of the Quad grouping and will hold bilateral talks with his Indian counterpart S Jaishankar in Delhi.
Meanwhile, with China switching its trading partners due to geo-political issues, increased trade with South Africa for bauxite and with the US for coal is also auguring well for vessels with tonne miles going up.
