Piyush Pandey was elected the vice chairman of Ogilvy & Mather Asia Pacific by the agency's regional board on Friday.
Of the, four are co-founders of Infosys.
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector. Sanofi's partnerships with Dr Reddy's, Cipla, and Emcure, AstraZeneca and Mankind Pharma - teaming up for asthma medication distribution - are a few instances of this trend. This strategy allows MNCs to leverage established Indian networks and reach a wider audience. Indian companies also benefit from global brands and expertise, say analysts.
Indians are ultra conservative when it comes to taking personal or business risk and are also the most reluctant to use the services of financial advisers than their peers in the Asia Pacific region, reinsurance major Swiss Re said in a survey.
Banga's exit is being seen as a blow to Citigroup CEO Vikram Pandit, who said in a speech this week that the bank would look abroad for growth as the US economy slows. At MasterCard, he will be responsible for key business operations, including customer relationships globally, products, services, marketing, technology and operations.
Indian consumers are the most optimistic lot in the Asia Pacific region, says a study that gauged their mood for the second half of 2009.
China with a growth rate of 25 per cent and India at 18 per cent, are among the fastest growing markets fueling the boom in entertainment
The head of Citigroup's Asian operations ruled out selling the US group's stakes in Chinese and Indian banks.
'Total rewards' is a talent management strategy sketched around three factors -- compensation, including basic pay and incentive; benefits inclusive of retirement plans and work-life programmes; and careers which incorporates stretch assignments, training and development and other opportunities within the country.
Communications solutions and services provider British Telecommunications' (BT) Indian arm, BT India (BTI), on Tuesday said it will invest 375,000 pounds (about $558,418) for setting up its Asia Pacific security operations centre (SOC) in the country.
The comprehensive average of all the international offers, including those from the US, Europe, Asia Pacific and West Asia stood at $1,44,812. According to ISB's report, the international averages of the US stood at $1,38,614, Europe at $1,56,658, Asia Pacific at $1,45,607 and West Asia at $1,25,389. The number of international companies visiting the ISB has doubled this year with 41 new foreign firms visiting the campus for the first time.
With India leading the small SUV market and attracting majority of investments from Ford Motor Company, the country is set to become a hub for the US automobile major, a top official said.
According to the report by Moody's Investor Service titled 'Asia Pacific Corporates Well Positioned for Liquidity Strain; Some Challenges Evident', the capacity of Asian banks to lend has not been really affected.
Priyanka's thrilled... Pooja's nostalgic... Vaani's indulging...
The US will deploy an additional Army combat force of 800 soldiers to South Korea with tanks and armoured troop carrier as part of its ongoing rebalancing efforts within Asia-Pacific region.
As per Hewitt's annual Salary Increase Survey 2009-10, the double-digit hike in salaries are anticipated for this year led by sectors like telecom, engineering, pharma and energy.
According to Colliers International's annual parking rate survey, average cost of parking a car in Sydney's CBD is Australian $733 a month, making it the fifth most expensive city in the world, AAP reported on Tuesday. The only more expensive city in the Asia Pacific for parking is Hong Kong, where the average price is $748 (Australian $939).
General Motors (GM) India Limited plans to export Beat, its compact car to Europe and countries in the Asia Pacific region, from January 2011.
Alternative Investment Funds (AIFs) with a lock-in period performed better than the ones that allow investors to withdraw capital at any time. Close-ended schemes had a median return of 5.62 per cent in December, according to data from industry tracker PMSBazaar. The median returns for open-ended schemes were 3.91 per cent
Without naming India, S&P said it expects that in regions where inflation already exceeds targets, or which are vulnerable to capital flight, central banks will be forced to raise interest rates.
Lisa Curtis, who served as deputy assistant to President Trump and as National Security Council senior director for South and Central Asia from 2017 to 2021, said she expected the same bumps for India and the US, as in Trump's first term, including tariff, dependence on Russia over arms supply and oil purchase from Iran. Curtis, however, said both countries could never enter an alliance but develop a partnership that is "short of an alliance". She hoped them to achieve a cooperation that deters China, but also prepares both countries in case of a crisis or conflict, be it in the Taiwan Strait, the South China Sea, or another flare-up on the India-China border.
According to the survey by Hong Kong-based HR Business Solutions, Asia Pacific's average pay increase (expected) for 2010 is 4.8 per cent, higher than an actual pay increase of 3.2 per cent in 2009.
Banks in India and some other Asia-Pacific countries should improve skills of their staff to curb money laundering activities as training programmes are relatively unsophisticated and laws outdated, global consultancy firm KPMG has said in a report.
Only 18 per cent of Indian companies have implemented regulatory compliance programmes, which is lower than the Asia Pacific average of 42 per cent, according to a recent survey.
While overall IT budgets were expected to decline by 3.1 per cent on an average.
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.
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.
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
Australian Prime Minister Scott Morrison and his New Zealand counterpart Jacinda Ardern wrote in an open letter to FIFA on Tuesday that the two countries would host a tournament to be proud of.
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.
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.
India picked up their third victory in the Billie Jean King Cup as they defeated South Korea 2-1 in a Asia Oceania Group-1 tie in Changsha, China on Friday.
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.
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.
The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education and transportation.
