Ashok Vaswani, a banker with more than three-and-half decades experience in building and scaling up businesses across consumer and corporate banking and payments, will be the next managing director (MD) and chief executive officer (CEO) of Kotak Mahindra Bank. Last week, the Reserve Bank of India (RBI) had given its approval to Vaswani's appointment. Vaswani is currently President of Pagaya Technologies, a US-Israeli artificial intelligence (AI) fintech firm, which he joined in June 2022.
The group would start its India journey with stores in Mumbai and New Delhi.
Indians are still the most optimistic investors in Asia mainly because of its sustained domestic growth momentum, but going into 2011, they have somewhat lower expectations than they did in the previous quarters, says a survey.
Sitharaman said the notion that across the board in India, violence against Muslims is happening is a fallacy.
Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group.
US admiral's suggestion for a revival of a strategic maritime quadrilateral with Japan, Australia and India leaves China livid, says Rajeev Sharma.
Indians are 'new' brand enjoyers who look for variety and give importance to experience, according to the latest 'Eye on Asia Study' released by Grey Group Asia Pacific, a leading marketing communication company.
The board of directors met on Wednesday and approved Rahul Khosla as MD, effective August 18.
The 'Missing link in India's Act East Policy', as India's former foreign secretary Shyam Saran calls it, needs to be filled sooner rather than later, says Dr Rahul Mishra.
Its full-service plans with the Tata JV might counter modest profits and competition from all quarters.
India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.
They either report a sales figure that shows clear signs of growth or future plans that indicate expansion in India.
You will have to plan it in advance to bag good deals and save at the same time
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
"The FATF plenary decided continuation of Pakistan in 'Grey List' till its next meeting to be held in October," an official privy to the development told PTI.
The fifth largest private hospitality group in the world with a $38 billion-plus turnover, the Carlson group will open a bouquet of its hotel brands like Radisson, Regent International, Country Inn, Park Plaza and Park Inn in next three years.
India-Maldives ties came under strain under Yameen who was perceived to be close to China.
India has the best hiring outlook globally, second only to Brazil, with 54 per cent of companies surveyed planning to hire in the December quarter as against 51 per cent in the September quarter, according to a report by global staffing firm ManpowerGroup. The report titled "ManpowerGroup Employment Outlook Survey" showed that India has the strongest net employment outlook for the December quarter in the Asia-Pacific region, followed by China (46 per cent), and Australia (38 per cent). The global net employment outlook in the December quarter would stand at 30 per cent, down by three percentage points from the June-September quarter, yet six percentage points higher than the same period last year, the staffing firm said.
Pakistan will remain on the 'grey list' of the Financial Action Task Force (FATF) until it further demonstrates that action is being taken against Jamaat-ud-Dawah chief Hafiz Saeed and Jaish-e-Mohammed founder Masood Azhar who are listed as global terrorists by the United Nations, the global anti-money laundering and terror financing watchdog said on Thursday.
'Priyanka has done very well in Bollywood and Hollywood. But had she joined politics, it might have been a different story altogether. Given how ambitious she was, she would have made a good youth leader. She might even have launched her own party,' says Sathya Saran
Sources in the know confirmed Vistara, the joint venture between Tata Sons and Singapore Airlines, had booked six slots at the airport in New Delhi, adding it was ready to fly once it secured the government's nod.
A joint declaration adopted at the end of the summit talks between Prime Minister Manmohan Singh and Russian President Dmitry Medvedev said Russia supported India's full membership in the Shanghai Cooperation Organisation.
Australia's beverage company Foster's Group Ltd has sold its brewing interests in India and Vietnam for $225 million, marking its exit from beer-making in Asia.
The Women's Tennis Association, which has turned to Asia to grow its sport, is unclear how the International Tennis Premier League is going to pan out. 'We are still learning about it, just as the world and the media is,' said Melissa Pines, Vice-President, Asia-Pacific, on the sidelines of its new announcement to bring the season-ending BNP Paribas WTA Championships to South East Asia for the first time this year.
In the survey conducted by anti-graft group Transparency International, only 14 per cent Indians said none of the religious leaders were involved in corruption, while another 15 per cent did not know about their corrupt practices.
India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
The hotels in the pipeline will include a range of Marriott brand portfolios such as JW Marriott, Tribute Portfolio and Sheraton.
Reports claim that the country's defence spending is set to double by 2015
China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has been opposing the Quad alliance since its formation.
Based in Mumbai, Jhaveri will report to Shirish Apte, CEO of Citi Asia Pacific, a statement issued by the company said here. Jhaveri will oversee all of Citi's businesses in India, including the institutional clients group, consumer banking and global cards and wealth management businesses, it said.
India needs to significantly improve its performance when it comes to sales effectiveness, as it is far behind its peers in the Asia Pacific region in terms of engagement of the sales force with a particular brand, a survey says.
Infosys Technologies and Wipro have made it to the list every year since 2005.
'The constant evolution of the Internet is providing new avenues for malware authors and cybercriminals to exploit innocent users for financial gain.'
India is very important for us from domestic and exports growth points of view
