India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the COVID-19 pandemic, a report by fintech firm FIS said on Wednesday. The report noted that countries, including India, have seen a shift in consumer behaviour caused by COVID-19, and new payment trends are shown to be on the rise. FIS, in its 2021 Global Payments Report, examined current and future payment trends across 41 countries. India's e-commerce market is projected to grow by 84 per cent between now and 2024 to about $111 billion (from about $60 billion in 2020) driven by mobile shopping, which is projected to grow 21 per cent annually over the next four years, the report said.
In the first 100 days of the next government, the ministry of skill development and entrepreneurship (MSDE) is planning to introduce new-age courses to suit the changing industry needs. It is set to standardise skilling courses to facilitate easier migration of workers and introduce counselling and mentorship on the Skill India Digital Hub (SIDH) portal. On Sunday, Prime Minister Narendra Modi - during a Cabinet meeting - was reported to have instructed his ministers to draft roadmaps for the first 100 days and next five years of the next government.
India-Maldives ties came under strain under Yameen who was perceived to be close to China.
The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.
Launching the annual survey of the UN Economic and Social Commission for Asia and the Pacific, Commerce and Industry Minister Kamal Nath said the government has started a 'revolution' in farming sector by waiving farm loans of Rs 60,000 crore. He said improving the agriculture sector is an important challenge for the Asia-Pacific region & deserves a 'serious response'. The report would open up solutions to the socio-economic issues across the region Nath said on the occasion.
The United States leads the Forbes 2013 billionares list with 442 billionaires, followed by Asia-Pacific (386), Europe (366), the Americas (129) and the Middle East & Africa (103).
The Women's Tennis Association, which has turned to Asia to grow its sport, is unclear how the International Tennis Premier League is going to pan out. 'We are still learning about it, just as the world and the media is,' said Melissa Pines, Vice-President, Asia-Pacific, on the sidelines of its new announcement to bring the season-ending BNP Paribas WTA Championships to South East Asia for the first time this year.
The second wave of COVID-19 may have a more lasting damage on the Indian economy and exports will once again be the foundation for recovery, Moody's Analytics said on Monday. In its report titled 'APAC Economic Outlook: The Delta Roadblock', Moody's Analytics said social distancing is weighing on the current quarter, but economic recovery will resume by the year-end. The Delta variant of COVID-19 is among factors now adversely affecting economies of the Asia-Pacific (APAC) region, but the economic hit from the current round of movement restrictions in the region will not be as severe as the recessions in the second quarter of last year.
AirAsia's India plans may not be hit with the current crisis that the airline is going through
Growth in the Asia-Pacific region will be low, the aqency said
Australia and New Zealand were handed the right to host the 2023 Women's World Cup soccer tournament by a comfortable margin after a vote by the FIFA Council on Thursday. Their joint proposal beat a rival bid from Colombia to host the tournament which is being expanded to 32 teams.
TCS will provide a mobile application and technology support for the event on December 7.
"Relevant countries should abandon the obsolete Cold War mentality and narrow-minded geopolitical rivalry concept and view correctly and respect people's aspiration in the region and do more things conducive to regional solidarity and cooperation," Chinese foreign ministry spokesman Zhao Lijian said.
Bullish on the Indian market, which contributed 21 per cent to its Asia Pacific passenger business revenue, German airlines Lufthansa
The number of Indian companies was second only to the 65 firms from both China and Hong Kong that found a place in the list.
Employees in India were found to be more eager than employees across the region to adopt new workplace technologies
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world
Having been at the receiving end in the final in 2011 and 2013, Li Na, on her third attempt, will hope to become the first player from Asia to win the Australian Open, a tournament that is billed as the Grand Slam of the Asia Pacific.
Cyber espionage operations dated back to at least 2005
Trump also said he will no longer allow North Korea to continue with its belligerent behaviour.
Social media giant Meta on Thursday said its India head Ajit Mohan has resigned from the company.
It's truly women on top as all four Indian corporate leaders featuring in Forbes' list of Asia Pacific's most generous business personalities this year are women.
Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group.
China is improving its capacity for operations in cyberspace and developing capabilities to use internet for offensive operations, the Pentagon has said.
Axel Hilgers, Director, South Asia speaks to Business Standard.
The financial services industry, especially banking, is in the midst of massive upgrade of existing IT set ups to cope with future regulatory and customer-driven online and mobile services, said Vijay Sharma, vice president & head domain & industry advisory services for banking, financial services and insurance.
Getting a ringside view of the action were Congress vice-president Rahul Gandhi and Indian Premier League commissioner Rajiv Shukla, Olympic champion boxer MC Mary Kom, star wrestler Yogeshwar Dutt, cricketers Virender Sehwag, Yuvraj Singh and Suresh Raina.
Dressed in her Diwali best, the actor looks lovely on her latest cover.
Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72 per cent share of all crude oil India imported in April 2022. This share slid to 46 per cent in April 2023, according to energy cargo tracker Vortexa.
ICICI Bank CEO and MD Chanda Kochchar, Biocon founder Kiran Mazumdar-Shaw and film producer Ekta Kapoor are among the nine Indian women named in Forbes magazine's inaugural 'Asia Power Businesswomen list'.
China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has been opposing the Quad alliance since its formation.
S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second Covid wave may derail the budding recovery in the economy and credit conditions.
Japanese auto major announced top level management changes in its Indian arm with Sandeep Singh, Deputy Managing Director slated to move for a new role in its Asia Pacific operations.
Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terror financing.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
The most significant growth was recorded by carriers in the Asia-Pacific and West Asian regions at 5.9 per cent and 12.9 per cent respectively. Carriers in these regions captured the vast majority of the global increase (93 per cent).
Was he just being a gentleman or was there more to it? Russian President Vladimir Putin has set the international media and Internet abuzz by putting his coat on the shoulders of China's First Lady Peng Liyuan.
Seasoned Indian golfer Jeev Milkha Singh celebrated his 41st birthday in style by winning the Asia Pacific Lifetime Achievement award along with 18-time Major champion Jack Nicklaus and eight-time European Tour Order of Merit winner Colin Montgomerie in Bandar Seri Begawan, Brunei.
Go through our slide show and vote for the nattiest leader on the last slide...
The Competition Commission of India has ordered a probe into complaints against Google for allegedly abusing its dominant position in the online news market.
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