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.
As United States President Joe Biden prepares for a rare summit with Chinese President Xi Jinping, the ongoing wars in Ukraine and between Israel and Hamas set the stage for high-stakes discussions, CNN reported on Tuesday.
India-Maldives ties came under strain under Yameen who was perceived to be close to China.
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.
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
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).
Growth in the Asia-Pacific region will be low, the aqency said
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
M&M was the biggest loser in the Sensex pack, declining nearly 3 per cent, followed by TCS, Bajaj Finance, Wipro, Kotak Bank, Tech Mahindra, HCL Tech and Tata Motors. In contrast, Titan, Bharti Airtel, ICICI Bank and L&T were among the gainers, rising up to 0.93 per cent.
TCS will provide a mobile application and technology support for the event on December 7.
AirAsia's India plans may not be hit with the current crisis that the airline is going through
Bullish on the Indian market, which contributed 21 per cent to its Asia Pacific passenger business revenue, German airlines Lufthansa
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.
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.
Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group.
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.
Axel Hilgers, Director, South Asia speaks to Business Standard.
China is improving its capacity for operations in cyberspace and developing capabilities to use internet for offensive operations, the Pentagon has said.
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.
Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.
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'.
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.
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
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.
Within three trading sessions in May, foreign portfolio investors (FPIs) have pumped in Rs 9,461 crore into Indian equities. This follows net inflows worth Rs 7,936 crore in March, and Rs 11,631 crore in April. The trend, analysts said, could continue going ahead as the US Federal Reserve may soon halt its interest rate hike cycle, which will strengthen foreign fund inflows into emerging markets, including India.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
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.
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).
Dressed in her Diwali best, the actor looks lovely on her latest cover.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
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.
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...
India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
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