India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
The Competition Commission of India has ordered a probe into complaints against Google for allegedly abusing its dominant position in the online news market.
AirAsia's rival airlines in India have kept themselves super-busy in the past few months -- by moving court against the former's launch, adding flights on the routes where AirAsia is operating, and engaging in a price war.
Tata has invested in over 10 start-ups in personal capacity.
Noting India's strategic importance in American efforts to limit the Chinese influence, a former top diplomat on Friday said the United States should include New Delhi in its East Asia policy.
The five-day exercise will see the participation of Seychelles and Mauritius for the first time in the event where nine countries, including India, will field their warships, Navy officials said in New Delhi.
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
In a significant victory, India has been re-elected to the UN's main human rights body for the period of 2015-17, receiving the highest number of votes in the Asia-Pacific group.
The United States of America, say experts, is gently nudging India to contain the rise of China's assertiveness in the Asia Pacific region without antagonising the latter.
India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa. Russia now makes up for nearly 42 per cent of all crude oil India imported in May.
Sun Pharmaceutical said Ranbaxy shareholders will get 0.8 Sun Pharma shares for each Ranbaxy share.
Sources in the know confirmed Vistara, the joint venture between Tata Sons and Singapore Airlines, had booked six slots at the airport in New Delhi, adding it was ready to fly once it secured the government's nod.
India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries, for a sixth straight month by supplying more than one-third of all oil India imported, according to energy cargo tracker Vortexa.
India's share will only get bigger once SpiceJet enters the fray from June to fly south east Asia and south Asian countries.
Domestically, Indians are exploring popular beach destinations, the hills of Himachal Pradesh and Uttarakhand, and the North-Eastern region as well.
As 2010 comes to a close, MMA provides a guide to new and existing technologies that will dominate the market in the coming year.
We expect the region to record another year of solid growth in 2011, the survey said.
Indians are still the most optimistic investors in Asia mainly because of its sustained domestic growth momentum, but going into 2011, they have somewhat lower expectations than they did in the previous quarters, says a survey.
'India matters significantly to President Biden and to this administration, and not just in South Asia or the Indo-Pacific region, but truly globally.'
In the survey conducted by anti-graft group Transparency International, only 14 per cent Indians said none of the religious leaders were involved in corruption, while another 15 per cent did not know about their corrupt practices.
Satyam Computer Services Ltd will set up a business continuity center in Singapore, its headquarters for Asia-Pacific Region. This would be the first such center outside India.
Last year, Chinese media sharply criticised the Malabar exercises.
'China, India and the US will compete and they will collaborate. This is the most important three-way relationship that the world will see,' says TCS Asia head Girija Pande.
Salary budgets in APAC region are set to rise 6.8 per cent in 2016.
The new Centre of Excellence at the India Software Lab will offer solutions to organisations across India, South Asia and Asia Pacific.
Noting that India continues to suffer from low, but improving, levels of economic freedom, the latest Index of Economic Freedom ranks the nation 120th globally and 25th among 43 countries in the Asia-Pacific region.
India has the best hiring outlook globally, second only to Brazil, with 54 per cent of companies surveyed planning to hire in the December quarter as against 51 per cent in the September quarter, according to a report by global staffing firm ManpowerGroup. The report titled "ManpowerGroup Employment Outlook Survey" showed that India has the strongest net employment outlook for the December quarter in the Asia-Pacific region, followed by China (46 per cent), and Australia (38 per cent). The global net employment outlook in the December quarter would stand at 30 per cent, down by three percentage points from the June-September quarter, yet six percentage points higher than the same period last year, the staffing firm said.
Pitching for increased foreign investment for a growth of 9 to 10 per cent, Prime Minister Manmohan Singh on Monday said India will have to pay more attention to the Asia-Pacific region but asserted that the country's "strategic autonomy" would not be compromised.
The differences between the US and China over rival free trade agreements being floated by them threatened to derail the APEC Summit which got off to a colourful start in Beijing China on Monday.
Chanda Kochhar has been ranked as the most powerful woman in the Asia Pacific region by fortune magazine.
The Reserve Bank on Wednesday barred Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22 as it failed to comply with data storage norms. The supervisory action will not impact existing customers of Mastercard, the Reserve Bank of India (RBI) said. Taking action against Mastercard, RBI said, "notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data".
Aided by low labour costs, China has overtaken India as the primary destination of outsourcing and shared services for Asia-Pacific companies -- netting business to the tune of $20 billion, according to accounting firm KPMG.
On his maiden visit to India as the United States Defence Secretary, Leon Panetta would focus on taking the Indo-US defence ties to the next level, besides discussing the situation in the region and the 'rebalancing' of his country's posturing in the Asia Pacific region.
Msat said on Monday it is stepping up efforts to attract the talent across Asia-Pacific and India, two of its fastest growing markets.
The US is leading the world once more and people across the globe admire America the most as they have developed a "new confidence" in its leadership, President Barack Obama has said.
India is likely to post an impressive growth of 7.2 per cent this year and 7.3 per cent next year despite an overall slowdown in Asia-Pacific region due to adverse effects of tsunami and oil price shocks, a United Nations report said on Monday.
Travel companies are opting for Thai Airways, Singapore Airlines, Sri Lankan Airlines and Air India for holiday-makers.
Tata Consultancy Services (TCS) is likely to maintain its leadership position over the next three years backed by a strong and satisfied client base.
Browbeaten by recession and anxiety about mounting protectionism in key markets have led Indian information technology (IT) companies to extend their reach in the countries of Africa, the West Asia and Asia Pacific.
The board of directors met on Wednesday and approved Rahul Khosla as MD, effective August 18.
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