Bengaluru-headquartered IT services major Wipro Limited on Thursday announced that it has signed an agreement to acquire Capco, a global management and technology consultancy to the banking and financial services industry, for USD 1.45 billion.
Triple jumper Arpinder Singh created history by becoming the first Indian to win a medal in the IAAF Continental Cup as he clinched a bronze but star javelin thrower Neeraj Chopra finished sixth with a below-par show, in Ostrava, Czech Republic, on Sunday.
Swiss brokerage Credit Suisse expects the economy to continue to show positive surprises and record up to 9 per cent growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent, and printing in at around 10.5 per cent. As a policy, Credit Suisse does not provide absolute growth numbers in its forecast.
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.
After several years of downgrades to the country's medium-term growth outlook, the estimates are likely to be upgraded now, Credit Suisse said in a report. The country's economy is showing signs of bottoming out, it said. According to the report, the consensus forecasts of GDP growth for FY2022 over FY2020 stopped falling after October 2020 (currently at (-) 1 per cent). Analysts at Credit Suisse expect these estimates to be revised upwards.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
While many Western countries, including the United States, Britain and Australia, are diplomatically boycotting the Winter Olympics over China's human rights record, Putin will join a number of Beijing-friendly leaders at the Games.
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.
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The annual India-United States bilateral Malabar naval exercise which kicked off on Monday in the Asia Pacific region is not aimed at containing China, the Pentagon has said.
India-Maldives ties came under strain under Yameen who was perceived to be close to China.
The 'Missing link in India's Act East Policy', as India's former foreign secretary Shyam Saran calls it, needs to be filled sooner rather than later, says Dr Rahul Mishra.
Dealmakers and advisors feel investors are shifting their focus to Asia Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
Virender Aggarwal, chief of Satyam Computer Services, Asia Pacific, became the first Indian to receive the prestigious International Management Action Award of Singapore.
'If I had not been elected President of the United States, we would right now, in my opinion, be in a major war with North Korea,' Trump said.
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).
Hundreds of pilots are staring at a long wait to get the job of their dreams after completing the course, the cost of which runs to Rs 1 crore.
The United States will continue to focus on the Asia-Pacific region and shape a future of greater security, President Barack Obama said on Wednesday, even as he vowed to veto any Congressional bill imposing new sanctions on Iran to give "diplomacy a chance to succeed".
Last year, Chinese media sharply criticised the Malabar exercises.
Indian defence diplomacy will have to play an increasingly important role as it tries to emerge as a credible strategic partner of the regional states. Neither India nor other regional states have incentive to define their relationship in opposition to China. Great power politics in the region have only just begun, says Harsh V Pant
Sun Pharmaceutical said Ranbaxy shareholders will get 0.8 Sun Pharma shares for each Ranbaxy share.
'Washington senses that the anchor sheet of India's strategic autonomy lies in its longstanding partnership with Russia, which remains firm and immutable despite the changes in world politics in the post-Cold War era,' notes Ambassador M K Bhadrakumar.<
As the United States under the Barack Obama administration re-balances its defence posture in the Asia Pacific region, the Pentagon has told the Congress that it is investing in a "long-term" strategic partnership with India.
In Asia-Pacific's public eye, Prime Minister Narendra Modi is below Chinese President Xi Jinping and Japan's Shinzo Abe, according a survey
PC shipments declined by 10.9 per cent to 76 million units in second quarter of 2013 from 85.32 million units in the same period last year, preliminary data by Gartner said.
IT major Infosys on Tuesday said it has seen no major impact on client deliverables due to the ongoing pandemic, and has been working proactively with clients to mitigate any potential impact. The Bengaluru-based company has also enabled vaccination for 14,150 employees and their family members through its centres, and is in the process of setting up additional facilities across its campuses in India. Besides, Infosys is providing financial support, exploring training and job opportunities for the next of kin and offering necessary assistance to support dependents of deceased staff members.
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.
The 77-year-old former US vice president on Friday night took his tally of pledged delegates over the halfway mark of 1,991 from a total of 3,979, thus becoming eligible to earn the Democratic Party's presidential nomination.
The US, China and the UK remain the top three defence spenders while India has the fourth largest military budget, followed by Saudi Arabia and Russia, according to the '2016 Jane's Defence Budgets Report', released by research firm IHS Markit.
US admiral's suggestion for a revival of a strategic maritime quadrilateral with Japan, Australia and India leaves China livid, says Rajeev Sharma.
'The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner.'
Palo Alto-based electric carmaker Tesla has initiated talks with the government on the modalities of setting up fully-owned retail outlets. The company needs to comply with the foreign direct investment (FDI) guidelines related to single-brand retail, including local sourcing norms, to sell directly in India. At least two other foreign majors - Apple and Ikea - were engaged in talks with the government long before the sourcing norms were eased under the single-brand retail route.
Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group.
Chanda Kochhar has been ranked as the most powerful woman in the Asia Pacific region by fortune magazine.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
Covid-19 pandemic that brought life to a near standstill in 2020 has left Indian adults poorer by 6.1 per cent in 2020, suggests the Credit Suisse Global Wealth Report 2021. Wealth per Indian adult in 2020, according to the report, dropped to $14,252 by 2020-end compared to pre-pandemic levels. On a cumulative basis, Credit Suisse estimates the drop in the wealth of Indian adults at $594 billion.
The summit participants in the final declaration agreed to allocate resources towards water and sanitation sectors, increase transfer of technology, improve irrigation systems and encourage appropriate consideration of water issues in the discussion of the UN development agenda.
"He (Putin) said he didn't meddle. He said he didn't meddle. I asked him again," Trump said.
The meeting between United States President Barack Obama and his Chinese counterpart Xi Jinping later this week will be dominated by talks on cyber security, North Korea and Asia Pacific region along with bilateral relations, White House officials have said.
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