From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
The senior IPS officer said that 45 percent of cyber financial frauds taking place in the country are originating from the South East Asia.
The Reserve Bank of India is in favour of a cautious and gradual approach to financial sector reforms rather than a big-bang approach, as advocated by the Percy Mistry Committee report on making Mumbai an international financial centre.
The High-Powered Expert Committee report sounds impatient on various issues like capital account convertibility.
IndiGo's size should be compared with global carriers, and not other domestic airlines, chief executive officer Pieter Elbers said on Tuesday, adding that such benchmarking will help India transform its airports into aviation hubs. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look," he said during a panel discussion at a convention organised by All India Management Association (AIMA).
Apart from Tendulkar, S Badrinath, Yusuf Pathan and Irfan Pathan also tested positive for the Covid-19 last week.
Tens of thousands of protesters marched through the streets of Hong Kong on Monday on the 22nd anniversary of the territory's return to China from Britain.
Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'
Tata-SIA will kick off with full-service domestic operations.
Country's financial hub Mumbai's Chhatrapati Shivaji International and national capital's Indira Gandhi International airports have grabbed the first and second ranks in terms of late arrivals in the world's most-delayed airports list compiled by Forbes. Topping the list of the world's most-delayed airport for the second year in a row, Mumbai's international airport, saw just 49.95 per cent of on-time arrivals.
International traffic dropped by about 10 per cent and domestic traffic by about 24 per cent compared to the same period last year, predominantly as a result of the terror attack in the country's financial hub Mumbai, says Himanshu Singh, managing director, travelocity.co.in, an online portal.
The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
As India witnesses a spurt in property prices, its financial capital Mumbai has been ranked as one of the world's top 10 expensive locations in terms of accommodation cost.
Americans wear garments made all over the English-knowing world.
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
Prime Minister Yousuf Raza Gilani today accused the world of "double standards" in dealing with the Mumbai attacks and terrorist incidents in Pakistan, saying there was no need for the international community to make "so much noise" about the strike in India's financial hub.
He also said the city had a long way to go before it could reach the status of a global city, and said that greater autonomy and better governance of the city would ensure the global city status, says the finance minister.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
'We don't believe in the BJP. But the Congress has no main leader who is credible.'
The Indian entrepreneurship success story will soon see one more company debuting on the public markets. Ola Electric, the electric vehicle (EV) company, has become the first such firm that has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for its initial public offering (IPO). This is a fresh issue of equity shares of up to Rs 5,500 crore and an offer for sale (OFS) of more than 95 million equity shares at a face value of Rs 10.
If Ahmedabad is India's preferred candidate, as seems likely, hosting Olympics 2036 should give it a leg up: A bigger airport, a better metro network, more hotels, flyovers and so on, observes T N Ninan.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Agency sources said it is a major operation in which agencies of China, Romania and the US are jointly acting along with CBI against cyber criminals in these countries who were allegedly hacking into websites based in the US and duping people financially.
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which currently stand at $250,000 per year.
China's debt is dangerously high at close to three times its GDP, with the ratio having nearly doubled in recent years, observes T N Ninan.
'When the gold price rises rapidly, India's physical gold market remains on standby.'
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
Echoing similar views, CII too said the Prime Minister has given high importance to manufacturing and investment.
Fadnavis is the local remote control, but the ultimate remote control is in the hands of the BJP leadership in Delhi, observe Sunil Gatade and Venkatesh Kesari.
'IT companies do not have a large presence there either in terms of market and team. So, the impact of the war will be minimal. But West Asia is an emerging economy.'
This is also because Johnson's visit will follow at the end of Modi's three-day visit to Gujarat for inaugurating projects, reports Vinay Umarji.
In Federal Court papers filed this month and reviewed by Reuters, Tendulkar said Sydney-based Spartan Sports International agreed in 2016 to pay him at least $1 million a year to use his image, logo and promotional services to sell "Sachin by Spartan" sporting goods and clothing.
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
'With Ramaland, the tourism department is looking to attract children and adults alike. It'll be learning with entertainment.'
The markets regulator made it easier for banks to acquire control in listed companies.
'Although mid- and small-cap funds have the potential for higher growth, they come with inherent higher volatility.'
The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.
The future certainly looks good for Bangalore.
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