India is the fourth Asian country where the Latin American brand is trying its luck.
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
According to a senior state Crime Investigation Department official, those passengers included at least 60 from Gujarat, who have already reached their respective native places in the state.
'We operate in 16 countries already, and therefore adding the UK to it, and beginning a chapter in the European continent is the next step.'
The new centre would provide consulting, advanced IT solutions, BPO services and IT product implementations besides, housing the company's first regional SAP centre, the company said in a statement. This is the eighth global delivery centre of TCS in Latin America, in addition to centers in Brazil, Argentina, Uruguay and Mexico.
Godrej Consumer Products (GCPL) reported 6 per cent year-on-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to Rs 3,385 crore and this was impacted adversely by currency movement. The constant currency (CC) growth would have been 30 per cent Y-o-Y in Q4FY24. India business clocked 12 per cent Y-o-Y revenue growth (5 per cent of it organic) with volume growth of 15 per cent Y-o-Y (7 per cent organic).
As many as 86 per cent of senior business executives have deployed artificial intelligence (AI) to enhance revenue streams or create new ones, said a report by Tata Consultancy Services (TCS) on Wednesday. As many as 69 per cent of businesses are more focused on using AI for innovation and increasing revenue than on improving productivity and optimising cost, said the 'TCS AI for Business Study'.
The Department of Pharmaceuticals has submitted a freight subsidy scheme for exporters to the Commerce Ministry so that they could take alternate routes and avoid transit through Europe, which is a shorter route with better connectivity.
Maruti Suzuki India on Tuesday reported a 28 per cent rise in exports at 263,068 units in 2022, its highest ever overseas shipments. The company's previous highest exports was achieved in 2021 with 205,450 units. The highest exported models in 2022 were Dzire, Swift, S-Presso, Baleno and Brezza, the company said in a statement.
This may be in line with Russia's private military company, Wagner Group, which was controlled until 2023 by Yevgeny Prigozhin, a former close ally of Russia's president Vladimir Putin. The group used the infrastructure of the Russian Armed Forces.
'While on the one hand, terrorism continues to be a serious threat to global peace and security, on the other hand, areas such as cyber, maritime and space, are emerging as new theatres of conflict'
That India would get ruled by the British and not by Portuguese except in some parts was a historic destiny. Why, even Mumbai was given away as a dowry gift by the Portuguese, when their princess, Catherine de Braganza married Prince Charles of England in 1661.'
Sedans and hatchbacks have both lost market share to SUVs, which now account for more than 50% share of the 4 million-odd-unit PV market in the country.
The Indian market has corrected a lot already. Valuations are clearly more attractive than they were earlier this year.
Energy-hungry India is scouting for oil and gas assets in Central Asia, Africa and Latin America to feed the requirements of its rapidly expanding economy.
'Our research shows that 60 per cent of the growth and interest in anime will come from India for the next few years.'
'China is somewhat disappointing in its recovery, and slow growth, and India is reporting strong growth numbers.'
Consulting and IT services giant Accenture announced two new services - digital and strategy - and key appointments to enhance its position in growth markets like Asia Pacific, Africa and Latin America.
Russian Foreign Minister Sergey Lavrov said Moscow sees the prospect of making the Security Council more democratic, exclusively, through broadening the representation of countries from Africa, Asia and Latin America.
Two-wheeler exports from India have decreased by 20 per cent year-on-year (Y-o-Y) to 1.69 million units in the first half (H1) of 2023-24 (FY24) due to a challenging geopolitical situation and foreign exchange (forex) crises in key markets such as South Asia, industry body Society of Indian Automobile Manufacturers (Siam) said on Monday. On the other hand, passenger vehicle (PV) exports in H1FY24 increased by 5 per cent to 336,754 units because the key markets are much more diversified worldwide, Vinod Aggarwal, president, Siam, told reporters during a press conference. The Russia-Ukraine war, which started in February 2022, has brought significant instability to global fuel prices.
Eight of the newly named cardinals are from Europe, six from Asia, two from Africa, one from North America, and four from Central and Latin America.
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector. Sanofi's partnerships with Dr Reddy's, Cipla, and Emcure, AstraZeneca and Mankind Pharma - teaming up for asthma medication distribution - are a few instances of this trend. This strategy allows MNCs to leverage established Indian networks and reach a wider audience. Indian companies also benefit from global brands and expertise, say analysts.
We need fresh perspectives to assess our financial vulnerability.
US nominee for World Bank president, Ajay Banga, has tested positive for COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. According to a Finance Ministry statement, Banga's meeting with Nirmala Sitharaman would not happen as he is in quarantine. "During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic.
Aseem Chhabra's Top 10 Films/ Series from TIFF 2024 includes films that he watched for the first time in Toronto. The films were impressive due to their rigor, passion, unique storytelling style and sometimes exploring the vulnerable sides of big name stars.
India saw a huge surge in ransomware and IoT cyber attacks in the first half of 2023, as criminals shifted to stealthier means of malicious activities, according to a report by SonicWall. While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 per cent) and Germany (52 per cent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, including cryptojacking (399 per cent), IoT malware (37 per cent) and encrypted threats (22 per cent), the report said.
The Catholic Church in India expects more representation in Vatican during Pope Francis' tenure considering the humble background of the first pontiff from Latin America.
'We believe that India is capable of producing the Gamaleya vaccine and it is very important to say that those partnerships to produce the vaccine will enable us to cover the demand that we have'
'It is great news (cricket in Olympics) if you are a business-person. America has a large section of Asian expats, who are crazy about cricket and they will fill the stadium and of course will follow the game on TV or streaming apps.'
External Affairs Minister S Jaishankar on Monday (local time) took a veiled dig at Pakistan and said that it is very difficult to engage with a neighbour, who practises cross-border terrorism against India.
In a lifetime of teaching and leading priests in Latin America, which has the largest share of the world's Catholics, Bergoglio has shown a keen political sensibility as well as the kind of self-effacing humility that fellow cardinals value highly, says his official biographer, Sergio Rubin.
In another senior-level exit from Infosys, Humberto Andrade had quit as head of the company's Latin America business process outsourcing (BPO) operations to join rival Capgemini.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
It's not men who suffer the consequences of PE -- their partners feel the strain too.
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
JetBlue Airways is ranked as the world's best budget airline.
UPL, the country's largest agrochemical company, had a weak July-September quarter (Q2), reporting a sharp fall in revenues across geographies. Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking. While the overall volumes were down 7 per cent, prices fell by 15 per cent. Volume decline in the European market was on the back of high channel inventory and product bans while in India the fall by 27 per cent was on account of muted demand for segments such as cotton and pulses.
Infosys has opened its first Latin American developmental centre in Mexico.
Clock 11% growth in the first 11 months of 2022.
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