Indian tennis ace Sania Mirza, making a comeback from a wrist injury, went down fighting against her nemesis Ana Chakvetadze, resulting in team Asia-Pacific's 0-2 defeat against Team Russia at World Team Challenge tournament in Hong Kong on Thursday.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
The crowded beer market in the country is poised to welcome two more established labels. Singapore-based Asia Pacific Breweries (APB) has decided to brew its international brands, Tiger and Heineken, in India and is looking for suitable locations.
India, with 22 entries, is fourth in terms of the number of the companies included in the list, which is led by Greater China outperforming the others in the Asia-Pacific region with 88 entries followed by Taiwan and Japan with 24 and 23 firms, respectively. The annual 'Best Under a Billion' list picks the best 200 small and medium sized companies from 24,155 listed firms in the Asia-Pacific region.
Global rating agency Standard & Poors (S&P) has said that despite the outlook for Indian corporates being stable, a negative bias persists with corporate entities pursuing rapid inorganic growth with leveraged buyouts and debt-supported expansion.
India is expected to see the highest salary increases among nations in the Asia-Pacific region, of around 10.8 per cent this year, due to the huge demand for talent in the country, despite the global economic crisis severely impacting overall wage increments in the region, a study says.
India along with Japan and China is among the top five countries in the Asia-Pacific region with the highest number of merger and acquisition deals in the first three months of this year, even as the economic downturn has impacted the overall M&A activity in the region.
United States National Security Adviser Jake Sullivan met with his Chinese counterpart in Rome and held discussions on a range of issues, including bilateral relation and Russia's war against Ukraine, the White House said.
Hollywood star Richard Gere has been roped in as the brand ambassador for Visa International for the Asia Pacific market.
US carmaker General Motors on Tuesday said it has won J D Power Asia Pacific 2008 award for its two cars Chevrolet Spark and Aveo U-VA produced by its Indian subsidiary.
Indian employees received an average salary hike of 15.1 per cent in 2007, the highest increase across 14 Asia Pacific countries, global human resources services company Hewitt Associates said.
As per a report by the Hong Kong based compensation firm HR Business Solutions pay increases in the Asia-Pacific region are likely grow even as the economies are expected to be impacted by the global slowdown. The HRBS 2009 pay increase forecast is based primarily on four economic factors -- GDP growth, inflation, unemployment, manpower demand and past pay increase trends.
Biden met with Prime Minister Kishida Fumio of Japan on Monday to advance cooperation on a range of bilateral, regional, and global issues.
The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education and transportation.
India, which accounts for the third largest online userbase globally after China and the US, has had the lowest Internet penetration growth in Asia Pacific (APAC) at 17.4 per cent so far this year, research firm eMarketer said in a report.
Auckland in New Zealand has been named the world's most liveable city.
Compared with the last round, there is a sharp rise in Indians' concern over the economy, with 46 per cent citing it as a major worry.
India has been ranked second in the global M&A deals this year so far in the Asia-Pacific region, with a total outbound deal value of $13.5 billion, a latest report says.
The Indian armed forces, especially the Navy, are building partnerships in the Indo-Pacific region for peace and security, as well as humanitarian assistance and disaster relief, he said.
India Inc's net profit as a percentage of the country's gross domestic product (GDP) is just shy of reaching 5 per cent, bolstered by strong earnings growth in the second quarter of 2023-24. Analysts interpret this as an indication that a corporate profit upcycle is in progress, with projections suggesting that this share could exceed 8 per cent within the next five years, driven by bullish earnings growth expectations. "We believe we are only halfway through a profit cycle, with the profit share in GDP rising from a low of 2 per cent in 2020 to about 5 per cent currently, and likely heading to 8 per cent in the coming four to five years. "This implies about 20 per cent compounding of earnings growth. "Underscoring this forecast is the start of a new private capex cycle, under-geared balance sheets, a healthy banking system, lower corporate tax rates, improving terms of trade, and structural consumption demand outlook albeit somewhat offset by likely consolidation in government deficit," said Ridham Desai, managing director, head of research, Morgan Stanley India in a note.
Indian companies continue to update benefit plans and and increase employee communication.
Dozens of farmers have already committed suicide in India after damage from unseasonal rains this year.
A study has revealed that demand for hotel rooms will outstrip supply in 2008, in the Asia Pacific region. Bangalore is rated on top of the list of cities running short of hotel rooms.
This was largely due to continued economic growth despite high energy prices, civil conflict and high inflationary pressures in Sri Lanka, the survey said. India was ranked at the top in last year's survey with a salary hike of 14.4 per cent. In this year's survey, Vietnam was ranked third with a hike of 10.3 per cent, followed by China (8.6 per cent) and Philippines (8.2 per cent).
It has aircraft utilisation target of 16 hours as against the current 13 hours.
Virender Aggarwal, chief of Satyam Computer Services, Asia Pacific, became the first Indian to receive the prestigious International Management Action Award of Singapore.
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.
Once average inflation for India of 5.7 per cent is taken into account, the projected increase in real terms for 2017 will be 4.3 per cent
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
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.
Higher valuation creation in companies beyond the top 100 has given the domestic markets a shot at a $4 trillion market capitalisation (mcap) - a club exclusive to three countries currently. On November 23, the mcap of all BSE-listed stocks finished at a new record of Rs 328.33 trillion ($3.94 trillion), despite the benchmark indices ending with losses. The mcap was propelled by gains in the broader market, including small and midcap stocks - a trend dominant this year.
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