China claims nearly all of the disputed South China Sea, though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. Beijing has built artificial islands and military installations in the South China Sea. Beijing is also involved in a maritime dispute with Japan over the East China Sea.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against the dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach. "We are relatively better placed. We are not a closed economy. We are part of the globalised world.
The report said that only 29 per cent of the Indian youth have ever heard about globalisation while 66 per cent of them still consider alcohol as taboo. About 48 per cent said they have strong faith in the democratic values while 27 per cent were indifferent to these issues.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
It is clear that the world desperately needs a globalisation model that will work for all and not just some, says Sunita Narain.
Anybody who's plugged in to the modern, globalised world will understand why, says Kanika Datta.
'it's not just youth in India who are left behind because of their inability to find jobs; nearly two-thirds of Indian women of working ages do not participate at all in the paid labour force.'
Jaishankar said India should be confident enough to "leverage" the international system to create the "best possible outcome".
In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India's top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21.
'Success is in the hands of the audience. I learn from what they like or dislike, and take the next step further.'
More than 50 Africa-born or African-origin players are spread across 11 teams -- excluding sides from the continent -- that are part of the tournament in Qatar.
Driven by the winds of globalisation, people are moving towards a global culture which is emerging as a threat to local cultural symbols and identities, even as social media, television and pop culture glamorise a particular way of life that the people are sadly "blindly aping", Chief Justice of India N V Ramana said on Friday.
Singh, who is Chairman of the Planning Commission, made a case for reorienting the body to remain relevant in the globalised world.
'It is important to recognise that insourcing, outsourcing, supply chain complexity, supply chain disaggregation is here to stay'
Ratan Tata demitted office as chairman of the Tata group in a blaze of congratulatory comment that, in a sense, says much about the strengths and weaknesses of Indian business in a globalised world.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Slamming the demand for a Jan Lokpal Bill to battle corruption, Karnataka Governor H R Bhardwaj on Friday said corruption can be checked only through a strong democracy and not through an "extra-constitutional body" like Jan Lokpal.
U R Ananthamurthy on the importance of keeping alive our regional languages.
The convention, in another resolution, asked the Indian government not to stop people from contesting elections from anywhere in India because some constituencies are reserved for special interest groups.
The latest crisis in the form of default to bondholders can be a crippling blow.
Modi stressed the need to enhance aviation infrastructure capacity to meet the rising demand for air travel.
To look at it rationally, a steel plant in Visakhapatnam without ownership of mines perhaps will not be worse off if it starts using Australian ore instead of hauling the mineral from Bailadila in Chattisgarh, especially when sea freight is down and rail charges are up.
Deliver with that upmarket MBA tag, says Manmohan Singh.
Pankaj Ghemawat is dismissive of the obsession with growth and scale economies -- he calls them 'dinosaur economics.' He would be much happier if companies considered all components of economic value while assessing cross-border alternatives.
India stands out as a poor and very unequal country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent, according to a report. The report, titled ' World Inequality Report 2022', has been authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty. It further said India is now among the most unequal countries in the world.
The external affairs minister also recalled how Pandit Nehru was hesitant in taking assistance from the United States following the 1962 war with China as he was unsure how it would be seen.
Concerns have been raised over rising unemployment in the US and Obama's visit to India was expected to see issues around outsourcing being discussed.
Mr Mallya's United Spirits, the third-largest spirits group in the world, acquires both a global footprint and a quality label.
Off-shoring is not without its risks and costs to financial institutions. . .explosive growth in off-shoring may put pressure on wages and other costs in countries such as India, the recently-released WTO report on trade in a globalised world said. According to the WTO, closely connected to rising labour costs are high turnover rates, which can affect the quality of off-shore operations and these issues can halt the further expansion of off-shoring.
The minister said this underlying resentment and pain of those countries regarding the global economy was building up for the last 15-20 years and the COVID-19 pandemic and the Ukraine conflict resulted in prices of energy and food items going up.
Addressing the first annual conference of the chief secretaries, Singh reaffirmed Centre's commitment to assist States in everyway it can.
Chief Justice of India D Y Chandrachud on Friday said truth has become a "victim" in the age of false news and with the spread of social media, something which is said as a seed germinates into virtually a whole theory that can never be tested on the anvil of rational science.
What is galling to note here is that such serious systemic flaws have crept in undetected for over couple of years despite multilateral supervision and surveillance.
Pai, a highflier in the software giant (he is still just under 50), has a zen for cities. As human resources head of Infosys he is constantly scouting around in India for newer destinations where the company can set up shop to beat rising costs. And he is all the time benchmarking these against the worlds great cities to develop an agenda for change and betterment.
Postponing the Rio Olympics due to fears that the event could speed the spread of the Zika virus would give a "false" sense of security because travelers are constantly going in and out of Brazil, the chair of the WHO's Emergency Committee said. Extensive travel in a globalised world is the issue, not the Games that start on August 5, said David Heymann, chair of the Health Protection Agency in Britain who also leads the World Health Organization's panel of independent experts on Zika. "The problem is not the Olympics, the problem is other travel besides the Olympics, if there is a problem," Heymann told Reuters in a telephone interview from London on Monday. "People go in and out of Brazil all the time for holiday, for business, for whatever. And the Olympics is much less travel, it would be one-time travel. It's actually in the winter months when hopefully transmission (of the virus) is less."
Jagan Shah, architect and historian, picks on 20 mid-career architects and calls them the new moderns. He believes these architects define the contemporary Indian style of building. But contemporary is not an architectural style that merely tacks on Indian motifs or symbols to the structure, or mimics vernacular architecture. Shah picks on multidisciplinary insights and a widening of agendas to include concerns about climate ecology and gender, going beyond national identity.
The management of human resources has a strong link with the financial performance of a multinational company. Indian multinationals are showing how to foster it.
The Indian software industry is one of the most high profile and widely tracked industries of the economy. And not without reason.
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