From zero revenues eight years ago, Lupin has posted Rs 621 crore (Rs 6.21 billion) in sales last year-that too in a country regarded as one of the toughest markets in the world for generics.
Trade tensions between India and the US have been rising with President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".
Prime Minister Shinzo Abe has made reviving the economy his government's top priority, but his spending promises have raised concerns that Japan's public debt burden, already the worst among major economies, could deteriorate further.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
IT major Wipro Limited has appointed Satya Easwaran, a former senior executive at consultancy KPMG, as its India head. Easwaran will be in charge of strengthening Wipro's business in India across key industry sectors through strategic consulting, transformation and modernisation engagements, it said in a statement on Monday. "India is a strategic market for Wipro and I am excited to welcome Satya to champion our bold ambition for growth and leadership here.
'We have focused on it quarter after quarter and started to build the pipeline.'
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
Barack Obama, who won a second term to the White House on Tuesday against all odds, is a hard-nosed leader with an even-keel temperament, charismatic speaking skills and a knack for consensus-building.
The report, "Smartphone forecasts and assumptions, 2007-2020", prepared by GSMA Intelligence, finds that smartphones presently account for one in every three mobile connections, representing more than two billion connections.
The Trump regime has informed the Congress that it 'strongly supports' transfers of F-18 and F-16 fighter proposals put forth by Boeing and Lockheed Martin respectively.
We have to know the company's strategy to understand its culture
Under the new model, the IT services firm will replace the current structure of its various strategic business units, service lines and geographies with four strategic market units and two global business lines.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
NatSteel Asia Pte Ltd (NSA), the Singapore-based subsidiary of Tata Steel, said on Thursday it has acquired two new steel-bar rolling plants in Vietnam for $41 million as part of strategy to expand in the Asia-Pacific.
The trigger that led Japan and the Philippines to ink the deal was because of the deteriorating security situation in the South China Sea. China's coast guard increased the frequency and intensity of incursions into Philippine waters, provoking the Philippines to take countermeasures to deter China, explains Dr Rajaram Panda.
India seems to be better in planning than China but slow in execution.
The Centre for Asia-Pacific Aviation also expects India's airlines to post a combined loss of a whopping $1.4 billion, with Air India likely to be the 'worst performer' to report a loss of almost the entire amount of $1.3 billion.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
Research Fellow and Director at Initiative on the Future of India and South Asia Aparna Pande, said that Beijing and Moscow will be keenly watching Prime Minister Narendra Modi's visit to the United States.
The United States is working with India to deepen defence co-operation as part of its new rebalancing strategy in Asia which is not aimed at containing China, a top Pentagon official has said.
GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than four years. The airport is being operated by GMR-Megawide Cebu Airport Corporation (GMCAC) and GMR Airports International BV (GAIBV) holds a 40 per cent stake in the venture. A definitive agreement has been signed between GMR Airports International BV (GAIBV) and Aboitiz InfraCapital Inc (AIC) for the divestment of stake in Cebu airport.
When the International Labour Organisation appointed Assane Diop as executive director to kick off its social protection initiative in 2000, it couldn't have found a man with better credentials for the job.
French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
In India and across Asia today the hottest topic of discussion is talent management. Across borders, boards, industries and sectors we are hearing more and more about talent shortage, says Chuly Lee, MD (A-Pac), Watson Wyatt Worldwide.
Bangalore-based IT services firm Mindteck has announced acquisitions of three companies for $9.6 million (around Rs 38.4 crore). It completed the acquisition of the US-based Primetech Solutions, an IT consulting company. It also acquired two of its associate companies - Mindteck UK and Mindteck Singapore. These acquisitions will expand Mindteck's operation in the US, Europe and Asia-Pacific as part of its 'Go Global' strategy. In February, it completed its first acquisition.
M&M has been declared as the 'Employer Brand of the Year' for 2007-08 at Asia Pacific HRM Congress.
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IT market is forecast to grow 2.8 per cent in dollar terms and 5.1 per cent in constant currency from 2012, Gartner said in a statement.
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India had made clear to the United States that it would not exercise restrain in case of a second attack on its soil after the 2008 Mumbai assault by Pakistan-based terrorists, former Secretary of State Hillary Clinton says.
At present, the bank has around 10,000 employees in India, with 7,500 in Aces, its business process outsourcing unit and product development centre, while another 500 are in the non-retail banking units, who would be retained. This is part of its strategy to focus on key markets after the sale of its retail and SME banking business. The unit had contributed around 30 per cent of RBS's revenue from its India and Asia-Pacific operations.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
The deals -- worth $50-200 million (Rs 300-1,000 crore) -- are across the healthcare, travel, telecom and manufacturing verticals.
AirAsia's India plans may not be hit with the current crisis that the airline is going through
"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.
Acknowledging India's prowess in information technology, GE Aircraft Engines has said it intended to develop software for digital electronic control systems for helicopter engines in this country as part of its long-term strategy.
Merrill Lynch said on Wednesday it was upbeat on Asian equities this year because strong domestic demand would boost corporate earnings growth, with India, Thailand, Australia, China, and South Korea offering the best value.
The recent rally in small and midcap (SMID) stocks is not backed by fundamentals and is a case of irrational exuberance, analysts at Kotak Institutional Equities said in a recent report. The fundamentals of most of these companies have, in fact, worsened over the last few months, they noted. Yet, some analysts expect the bull run in these stocks to continue amid intermittent corrections.
