The Indian market on Tuesday displaced its South Korean counterpart to attain the fourth position in the market cap rankings for the Asia Pacific region, with a total market cap of $821 billion.
India ranks second in capital market inflows and fourth in merger and acquisition deals in Asia Pacific (including Japan), as deals worth $65.033 billion were reported in the first eight months of calendar 2007.
Meanwhile, cross-border M&As touched 23.8 billion dollars in 69 deals in 2007 so far.
The quality of cars manufactured in India continued to improve with problems reported by customers dropping in all categories, a study by JD Power Asia Pacific has said, while the country's leading car maker Maruti Suzuki emerged at the top in the 'I
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
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.
For the current fiscal which ends on March 31, it put the real GDP estimate at 5 per cent. It estimated a 7 per cent growth in 2022-23 and 2023-24 fiscal years. The inflation rate was seen moderating to 4.4 per cent in the next fiscal from 4.7 per cent in the current.
Wipro Infotech, Middle East and Asia Pacific the information technology arm of Wipro Limited, announced on Thursday a strategic alliance with the US based Sistina Software Inc.
More than half (56 per cent) of chief economists expect the global economy to weaken in 2024, with most saying the pace of geo-economic fragmentation will accelerate, according to the latest "Chief Economists Outlook" released on Monday at the World Economic Forum (WEF). The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative artificial intelligence (AI).
Moody's Investors Service on Monday said the bank capital will moderately fall in emerging Asia over the next two years, with India seeing larger capital decline without further infusion. In a report, Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging amid the current COVID pandemic.
El Nino is often associated with below average warmer, dry weather across Asia Pacific region.
She said that access to justice for all has been a theme close to her heart and mentioned several steps taken to help economically disadvantaged sections of society to approach legal institutions for remedial action.
Cranes Software International Ltd has informed BSE that the Board of Directors of the company at its meeting held on January 30, 2003
Tata group controlled Taj Hotels Resorts and Palaces is in the lookout for tie-ups with international hospitality groups in Asia Pacific
India Inc's share of the global public and additional offerings was unchanged at 2.30 per cent in 2006 with 125 Indian firms mopping up $12.97 billion.
Krishan Dhawan has taken over as the managing director of Oracle India Pvt Ltd, a wholly owned subsidiary of enterprise software company.
Sitharaman said the notion that across the board in India, violence against Muslims is happening is a fallacy.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
India offices of MNCs like DHL, Google and Marriott ranked among the top workplaces in Asia.
India will remain the highest growth market for telecommunications in the Asia-Pacific region with around 35 million new subscribers in 2005, marking a 18 per cent increase from 2004.
Air passengers in the Asia Pacific region continue to reap the benefits of the fare war unleashed by the world's leading airlines despite mounting cost of the aviation turbine fuel.
Calling for cooperation among Asia Pacific countries to tackle the global economic uncertainty, Prime Minister Manmohan Singh on Thursday said the vast growth potential of India and these nations can be realised only by inculcating a "collective temper".
Server revenues from India recorded a 31.3 per cent rise to $9.83 million during the second quarter ended June 2004, while that from Asia-Pacific rim registered a 12.4 per cent rise totalling $1.37 billion
India's leading software company, Wipro Limited, on Wednesday said it was looking at setting up an offshore business process outsourcing centre in one of the Asia-Pacific countries.
India's security software market is expected to have an annual growth rate of 29 per cent till 2009, according to research and analyst firm IDC.
Across all industries in India, almost 87 per cent of respondents plan to allocate a larger portion of their budget to high performers
China on Tuesday angrily denounced the nuclear-powered submarine deal announced by the US, UK and Australia, saying the pact violates the Non-Proliferation Treaty (NPT) and the three countries are travelling "further down the dangerous and wrong path."
Former United States President Donald Trump has promised that he will take America's relationship with India to the next level again if he wins the presidential election in 2024.
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