Difficulties in containing the virus, an anaemic policy response, and underlying vulnerabilities, especially across the financial sector, are leading us to expect growth to fall by 5 per cent this fiscal year before rebounding in 2021, S&P said in a report.
When SAP, the Germany headquartered software solutions provider, reported a stellar fourth quarter numbers on Thursday, Asia-Pacific and Japan was the cherry on the icing with a growth of 22 per cent.
APEC is an important forum that brings together the dynamic economies of the Pacific Rim and Singapore is an important partner on a range of regional and global issues.
Goldman includes Bajaj Auto Ltd and Tata Steel Ltd in its Asia-Pacific growth recovery group of stocks.
Russian Foreign Minister Sergey Lavrov and Defence Minister Sergey Shoigu will visit India to hold the inaugural '2+2' ministerial dialogue between the two countries on December 6, the Russian embassy has said.
The pipeline will enable Moscow to enter markets in Asia- Pacific region and reduce dependency on European customers.
According to a report by global deal tracking firm mergermarket, M&A activity in the Asia-Pacific region as a whole dropped to $72.9 billion, a decline of 26.1 per cent by value from first quarter of 2012 ($98.6 billion).
Gender is the main focus of the diversity efforts of companies in India, said a survey by HR consulting firm Mercer. According to Mercer's Asia Pacific Diversity & Inclusion, over 90 per cent of the participants surveyed list gender as the main focus of their diversity efforts in India.
Morgan Stanley on Thursday became the latest brokerage to question the valuations of Indian equities and downgraded them from 'overweight' (OW) to 'equalweight' (EW) and recommended taking some money off the table. "We move tactically EW on India equities after strong relative gains - we expect a structural multi-year earnings recovery, but at 24 times forward price-to-earnings (P/E) we look for some consolidation ahead of US Fed tapering, an RBI hike in February and higher energy costs," Morgan Stanley equity strategists, led by Daniel Blake and Jonathan Garner, said in a note on Asia Pacific markets. The brokerage has upgraded Indonesia to OW, while maintaining an EW stance on China and UW on Taiwan.
Kalanithi Maran's Sun Network and Subhash Chandra's Zee Entertainment, the two homegrown media companies, have maintained their number one and two positions, respectively, in the Asia-Pacific pay broadcaster ranks for the second year in a row.
India is key part of efforts of US President Barack Obama's administration to rebalance its Asia-Pacific posture to the broader security and prosperity of the 21st century, a top Pentagon official said adding India-US relationship is global in scope.
After being at the helm of Google India and Google Asia Pacific for over seven years, Shailesh Rao is now been roped in by micro-blogging service provider, Twitter.
Ratings agency Standard & Poor's on Monday cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which 'are still to come out of the economic meltdown of 2008'.
The 14th Annual Meeting of the Asia Pacific Group on Money Laundering and Annual Technical Assistance Forum concluded in Kochi on Friday with a resolve to strengthen efforts in this direction.
Overall financial wealth of high net worth individuals fell across all regions in 2011.
As per the results of the annual QS Global 200 Business Schools Report Indian Institute of Management-Ahmebadad has been ranked second next to INSEAD, Singapore in the Asia Pacific region. Read on.
Amid growing uneasiness in the United States over the rise of Chinese military power, Washington asserted that its interest in the Asia-Pacific region is not targeted towards any specific country, but towards the general peace and security of the region.
Satyam Computer Services (rebranded as Mahindra Satyam) has recovered 32 clients of Satyam since May. The company has close to 420 clients at present -- down from the approximately 500 clients it had before takeover.
India can become a $6.7 trillion economy by 2031, from $3.4 trillion currently, if the country clocks an average growth of 6.7 per cent for 7 years, an S&P Global report said on Thursday. India had clocked a 7.2 per cent GDP growth in 2022-23 fiscal. But a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6 per cent in the current fiscal, S&P Global said in a report titled 'Look Forward: India's Money'.
The Asian Development Bank has approved a US$ 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
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.
S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar.
The Bombay Stock Exchange benchmark Sensex has declined 17 per cent in this calendar year and has underperformed the US and European markets.
We will utilise India as a creative resource for all our offices around the world, says Chuck Brymer, President and CEO, DDB Worldwide.
The actor shares the mantra that got her so far in life.
S&P Global Ratings on Tuesday raised India's growth projection for the current fiscal to -7.7 per cent from -9 per cent estimated earlier on rising demand and falling COVID infection rates. "Rising demand and falling infection rates have tempered our expectation of COVID's hit on the Indian economy. S&P Global Ratings has revised real GDP growth to negative 7.7 per cent for the year ending March 2021, from negative 9 per cent previously," S&P said in a statement. The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India's growth to rebound to 10 per cent.
Mumbai has jumped five positions to become the third-most preferred property investment market in Asia Pacific in 2011, according to new survey.
Taking inflation into account, China and Vietnam at 4.9 per cent lead the way, while Japan at 0.5 per cent and India at 2 per cent are among countries offering the smallest raises.
Russian President Vladimir Putin and Prime Minister Narendra Modi will meet on the sidelines of the SCO summit in Uzbekistan this week and discuss issues of strategic stability, the situation in the Asia Pacific region and bilateral cooperation within the UN and G20, the Kremlin has announced.
India will next take on Chinese Taipei on Thursday.
Aniruddha Rajput, 33, is among the 34 individuals elected by the General Assembly as members of the International Law Commission, the UN organ tasked with the progressive development of international law and its codification.
'While on the one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, areas such as cyber, maritime and space, are emerging as new theatres of conflict'
Just last week, Altman presented OpenAI's new roadmap to enthusiastic developers at the company's inaugural conference.
Anil Ambani-led Reliance companies have bagged three awards including the Asia-Pacific Project Sponsor of the Year, announced by Project Finance Magazine of Euromoney Publications on Monday.
Majority of the employees in the Asia-Pacific region feel that new technology devices like smartphones and laptops have boosted their productivity, says a survey.
In a secret-ballot voting in the 193-member UN General Assembly on that race, Pakistan secured 169 votes.
According to a study by the firm, the average sequential growth of ad spend in the Asia-Pacific region during the quarter was 18 per cent.
President Pranab Mukherjee and Prime Minister Narendra Modicongratulated Vijender Singh on clinching the WBO Asia Pacific Super Middleweight title, saying that the star boxer has made the country proud with his feat.
High travel volumes from the disease affected areas in the America, presence of mosquitoes capable of transmitting the virus and limited health resources can lead to Zika virus.
