Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.
Treating India as the most important market after China in Asia Pacific, Starwood Hotels & Resorts is targeting at doubling its property from the current 19 over the next five years.
Significantly, for the first time, the FATF put Myanmar in the "high risk jurisdictions subject to a call for action", often referred to as the watchdog's black list.
'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.
Cisco Systems has appointed Owen Chan as senior vice president, Asia Pacific operations. Chan will be based in Hong Kong and report to Richard Justice, Cisco's senior vice president of Worldwide Field Operations.
Unbeaten Indian professional boxing star Vijender Singh will be back in action next month after more than a year long hiatus forced by COVID-19.
S&P Global Ratings on Thursday said about half of the Indian companies that it rates are getting a boost in their core profitability from rupee depreciation. "Much of our rated India corporate portfolio has sizable US-dollar linked revenue and, therefore, is not exposed to rupee depreciation. "This encompasses entities in the IT, metals, and chemicals sectors. About half of the firms we rate are getting an EBITDA boost from currency weakening," the US-based rating agency said in a report.
'The policies announced by his administration are implemented faster.'
Cadbury Schweppes Asia Pacific on Monday announced the appointment of Anand Kripalu as managing director of Cadbury India.
The 18 new members were elected by absolute majority through a secret ballot.
The rise of startups and a thriving entrepreneurial culture in Tier-II and Tier-III cities is contributing to the increasing sales of high-end cars.
A country required two-thirds majority of 124 to win a seat in the elections.
To provide more choices to customers, the Reserve Bank of India has suggested mandating bank and non-bank card issuers to issue debt, credit and prepaid cards on more than one network. Customers can choose any one either at the time of issue of the card or anytime later, according to draft norms released by the Reserve Bank of India on Wednesday. The RBI said card issuers would also be barred from signing agreements that limit their ability to tie-up with other card-networks, according to the draft.
IT major Wipro on Friday posted a 4.6 per cent year-on-year rise in its consolidated net profit for the June quarter at Rs 3,003.2 crore. The Q1 FY25 revenue of the Bengaluru-headquartered firm, however, fell 3.8 per cent to Rs 21,963.8 crore.
IT firm Nucleaus Software Exports on Tuesday said it has featured in the Deloitte Technology's ranking of the Fast 500 companies in Asia Pacific. \n
S&P Global Ratings on Monday raised India's growth forecast for the current financial year to 6.4 per cent, from 6 per cent, saying that robust domestic momentum has offset headwinds from high food inflation and weak exports. The US-based rating agency, however, has cut growth estimates for the next fiscal (2024-25) to 6.4 per cent, as it expects growth to slow in the second half (October-March) of the current fiscal, on higher base impact and subdued global growth.
Moody's has a 'Baa3' rating for India, with a positive outlook.
Indian cities have slipped to the bottom of the investment destinations list.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
S&P Global Ratings on Friday said it will watch the fiscal numbers for the next 1-2 years, besides pro-growth policies of the new government, before deciding on India's sovereign rating upgrade. S&P, which earlier this week upgraded India's outlook to positive while retaining the sovereign rating at BBB-, expects the new government to continue with pro-growth policies, infrastructure investment and commitment to fiscal consolidation.
Overall, with an above world average traffic growth rate of 5.5 per cent, Asia-Pacific will account for 36 per cent of all new passenger aircraft demand
A leading expert predicts that the incoming Trump administration will likely continue its pro-India policies, including the Indo-Pacific strategy and Quad, but highlights potential challenges such as trade disagreements, immigration issues, and a possible quid pro quo for technology sharing. The expert also notes that the Trump 2.0 administration may prioritize great power politics over strategic altruism, potentially impacting human rights and religious freedom concerns.
The report estimates that direct commercial real estate transactional market will exceed $1 trillion per annum by 2030, compared with nearly $450 billion in 2012.
The report estimates that direct commercial real estate transactional market will exceed $1 trillion per annum by 2030, compared with nearly $450 billion in 2012.
The United States-China Summit meeting concluded at a sprawling mansion in Woodside, California with Presidents Joe Biden and Xi Jinping agreeing to work towards ensuring that the differences between the two countries remain manageable and the relations do not derail.
'This resilience should be viewed as reflecting the strength of the structural story.'
The top four countries account for 60.3% of the total worldwide HNWI population.
These funds have lowered the entry barrier for investors who can now invest with just Rs 5,000, points out Sanjay Kumar Singh.
'IT companies do not have a large presence there either in terms of market and team. So, the impact of the war will be minimal. But West Asia is an emerging economy.'
Like puddles all around in the rainy season, we now have smartphones with five-inch screens for almost everyone.
Proceedings of both Houses of Parliament were disrupted on Monday as the treasury benches accused top Congress leaders of colluding with billionaire investor George Soros to destabilise the country, triggering protests from opposition members.
The bank has won the 'Best Retail Bank in India' award for the fifth year in a row.
33 per cent of all road accidents and 35 per cent of fatal accidents took place on national highways and expressways.
Rutuja Bhosale won the singles rubber while the duo of Prarthana Thombare and Ankita Raina prevailed in the doubles contest as the Indian women's team defeated Chinese Taipei 2-1 in a Billie Jean King Cup Asia-Oceania Group-1 tie in Changsha, China, on Thursday.
Reports (not denied by India) that the USA had 'for the first time provided real-time details to their Indian counterparts on the Chinese positions and force strength in advance of a PLA incursion' into Tawang at the LAC in December 2022, helping India thwart China's expansionist designs, show how operationally effective the USA-India friendship has become on the ground. A engaging excerpt from Sreeram Chaulia's must-read new book, Friends: India's Closest Strategic Partners.
India's Generation X and Y are most willing to take risks as compared to their counterparts in emerging Asia, says a recent survey. Read on to find out more.
The India-United States relationship is set to expand under the Donald Trump administration, but there could be some unease on issues like imports, tariffs and immigration, strategic affairs experts said after the Republican leader won the fiercely contested presidential election.
