Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
'US officials must grapple with the possibility that one of its closest partners attempted an extrajudicial killing on its soil.' 'This is not something that friends typically do to friends.'
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
Pakistan PM forms high-level committee to decide on national team's participation in ODI World Cup
They said stranded Indians in central Asia as well as in various European countries will be brought back home in the second phase of evacuation beginning May 15.
The US State Department planners had included India among the countries to be visited by Secretary of State Hillary Clinton in her maiden trip to Asia, a prestigious American publication on foreign policy and diplomacy has reported.
Tillerson said that he believed that the US has a partner in Pakistan.
The former chairman of the Pakistan Cricket Board, Khalid Mahmood has hit out at the government's decision to form a high-level committee to decide on the national cricket team's participation in the 2023 ODI World Cup in India.
China on Thursday told Pakistan's new Prime Minister Shehbaz Sharif that it will always put its "all-weather ally" as a priority in its neighbourhood diplomacy as it praised his commitment to promote the USD 60 billion CPEC initiative.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
'Elections are fought to win.' 'In our party, the leadership takes the final decision, and our leaders are very clear about it.'
A few days after the government made the crucial policy announcement, Tony Fernandes, chief executive officer of Air Asia, the largest low-cost carrier in Southeast Asia, said he would visit India this month.
Chennai is home to global and Indian auto majors like BMW, Ford, Hyundai, Mitsubishi, Nissan, Ashok Leyland, TVS Group, et cetera. It also has almost 35 per cent of India's share of auto ancillary units.
The policy has been finalised after nearly eight months since the Ministry came out with the revised draft in October 2015.
The Cairo World Cup will be held in all three disciplines -- pistol, rifle and shotgun -- and will conclude on February 1.
Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.
The first summit in South Asia, it will host the largest delegation of 43 heads of State and government as well as the heads of international organisations.
IS-Khorasan was sanctioned for its links with Al Qaeda and involvement in several deadly attacks in Afghanistan and Pakistan that killed over 150 people.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
'The 2017 Doklam stand-off in Bhutan, the 2018 Maldives crisis, and the 2020 Nepal Kalapani border dispute shows how Beijing has shot off these countries' shoulders to target India.'
'Having India as a credible deterrent vis-a-vis Chinese ambitions in the Indian Ocean and South Asian region is a desirable short-term outcome.'
Wholesale price inflation remained in the negative territory for the fourth month in a row in July at (-)1.36 per cent, even though prices of food items, especially vegetables, skyrocketed. The inflation, however, has inched up from (-)4.12 per cent recorded in June fuelled by 62.12 per cent rise in vegetable prices. In July last year, wholesale price index (WPI) was 14.07 per cent.
While the world's largest retail chain is calling it a promotion, experts said the group may be looking at a new growth strategy for Asia.
Walter Lohman, director of Asian Studies Centre at the Washington, DC and former policy aide to Senator John McCain, said India's role in America's effort to maintain its commitment to ensuring the peace, security, prosperity, and freedom in East Asia was relatively minor.
'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
The Asian Games-bound Indian athletes should adhere to the 'No Needle Policy' during the mega-event in Indonesia, the Indian Olympic Association instructed on Wednesday.
The Agency said it has delivered the required certification notifying Congress of this possible sale on Thursday.
The RBI has already hiked interest rates 12 times since March, 2010, to control inflation, which is currently hovering near the double-digit mark.
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
Indian equity markets have a limited upside potential in the near-term as they negotiate the ensuing cyclical slowdown, wrote analysts at Nomura in a recent coauthored report led by Saion Mukherjee, their managing director and head of equity research for India. He, however, believes that the foundations are in place for sustainable growth over the medium-to-long term, and hence suggests a 'buy on dips' strategy to equity investors. As an investment strategy, Nomura prefers domestic-oriented sectors and companies over exporters, and prefers stocks that provide valuation comfort. Industrials and banks are their overweight sectors, while IT services and consumer discretionary are their underweight sectors.
India must integrate more with East Asia by getting into regional trade arrangements, lower its tariff walls, and improve the quality of its workforce, suggests T N Ninan.
India's Asian Games cricket team captain Ruturaj Gaikwad, who played the first two ODIs, has been released from the squad and will link up with the Hangzhou-bound outfit. Also released is pacer Mukesh Kumar, who came in as cover for Bumrah.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
The aviation minister, Ajit Singh, on Tata-Air Asia joint venture
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.
The experts also said China's military 'misadventure' may have been driven in part by President Xi Jinping's attempt to show 'gains somewhere" after the growing global criticism against his country over the origin of COVID-19.
