In a sectoral analysis of exports, the Confederation of Indian Industries said India needs to become among the top three exporters in the world in four sectors -- textile, leather, gems and jewellery and engineering. It said exports to new markets of Latin America and Caribbean and Africa should be given a push for achieving the $500 billion by 2013.
Oil rich Venezuela, which has been lobbying for the non-permanent UN Security Council seat for a long time, distributing huge amounts of aid among African, Asian and Caribbean nations. But it is vehemently opposed by the United States.
Bajaj three-wheelers outsell Chinese three-wheelers in Peru. The Pulsar is number one in its category. Nikhil Lakshman discovers in Lima that even though the Chinese are far ahead in investments in Latin America's fastest growing economy, Indian manufacturing and IT are holding its own.
India witnessed a 12 per cent year-on-year (YoY) jump in total household wealth last year, at $14,225 billion, according to the Global Wealth Report 2022 by Credit Suisse. The report also forecasts the number of millionaires in the country to more than double from 796,000 in 2021 to 1.6 million in 2026. According to the report, which is based on data for the wealth holdings of 5.3 billion adults across nearly 200 countries, global household wealth rose 9.8 per cent in 2021 to $463.6 trillion, driven by widespread gains in share prices and a favourable environment created by central bank policies in 2020 to lower interest rates but at the cost of inflationary pressure.
From Latin America to West Bengal, it is Communism that binds. Venezuelan President Hugo Chavez has sent a cheque for Rs 11.91 lakh to construct a new building of a school in North 24 Parganas district in West Bengal. Chavez, a man of strong words and actions, promised during a visit to West Bengal in 2005.
The waves are usually triggered by seismic disturbances -- coastal earthquakes, volcanic eruptions or undersea landslides -- that jolt the ocean floor.
The world's biggest industrial conglomerate General Electric is undeterred by a slowdown in the US economy as the group expects any weakness in the home market to be offset by fast growing sales in countries like India and China. Unfazed by the weakness triggered by the subprime credit crisis, Immelt said: "outside the US, particularly in China and India, economies appear strong. In the world as a whole, there is still a lot of liquidity."
Owing to increased demand by Americans, the Gems and Jewellery Export Promotion Council expects a 35 per cent increase in jewellery exports to the US at $5.88 billion this fiscal.
TCS Vice-President (Business Development) Mario Tucci has been appointed as the country manager of the new unit which comprises a global delivery centre and regional training centre in Montevideo and an extension unit in Buenos Aires.
Though the global M&A volume has reached a whopping $3 trillion mark, it represents a decline of 22 per cent from its year ago period, as all regions except Latin America reported decreasing M&A volume, according to data compiled by deal tracking firm Dealogic.
Tata Consultancy Services, the country's biggest software exporter, on Monday said it is eyeing up to 150 deals ranging from $5 million to $200 million in the financial solutions space over the next 12-18 months.
Wipro Technologies, the global IT services division of Wipro Limited, has been rated as a top leader among offshore service providers by industry analysts IDC in a comprehensive study of 21 offshore players around the world.
Strong demand from Europe, Canada and Latin America pushed the sale of personal computers by 15 per cent to 39.7 million in the second quarter of 2004, according to a study.
'The expansion of the Security Council should be seen in the context of overall reforms of the United Nations, which would make it more effective and efficient and give strong legitimacy to its decisions.'
Brazil has emerged as India's largest trading partner in Latin America with bilateral trade crossing the record $ 2 billion mark in 2006
Tata Consultancy Services said on Wednesday it has set up a global delivery centre in Mexico as part of its plan to expand operations in Latin America and will hire 500 people for the purpose this year.
The Delta flight DL 185 will leave Mumbai at 1.05 am and reach Atlanta at 8.30 am (the next day) while the flight DL 184 will depart Atlanta at 7.15 pm and arrive in Mumbai at 10.35 pm (the next day). It would be a 17-hour, 55-minute non-stop West-bound flight.
India's carpet export rose by 22 per cent to $3.60 million (about 17 crore) in June year-on-year on account of good orders from the US and Europe.
In a bid to tap the potential in Latin America, Glenmark Pharmaceuticals Ltd has acquired Brazil-based Laboratorios Klinger, ranked among the top 50 in that country, for $5.2 million.\n\n\n\n
Byju's has quietly moved into other global markets such as the UK, Australia and New Zealand. It recently launched operations in Latin America.
Addressing the G-20 University Connect initiative, the first event of India's presidency of the grouping, Jaishankar said it would also be India's endeavour to emerge as the voice of the Global South -- comprising Asia, Africa and Latin America -- that has to face the brunt of polarisation and conflict in the developed world.
The All India Bank Officers' Confederation, the apex level organisation of bank officers, has demanded that RBI's proposal to amend the Banking Regulation Act to raise the cap on voting rights beyond the present 10 per cent be dropped.
Chinese companies invested $3.62 billion in non-financial sectors overseas in 2004, an impressive growth of 27 per cent year-on-year, the ministry of commerce said in Beijing.
British Prime Minister Tony Blair has come out strongly in favour of India's candidature for a permanent seat in an expanded United Nations Security Council, but the US appeared to be lukewarm to the idea "at this point".
IT major Infosys Technologies said on Thursday it would soon open a 200-seater BPO facility in Mexico, its first in Latin America, and is also looking at other countries to start such units.
Do you agree that India has the best talent pool in the world? Or is this merely a feel-good view? What do you think? Tell us.
Four out of five permanent members of the UN Security Council (UNSC) have supported India's candidature for a permanent seat in the top world body, the government told the Lok Sabha on Friday.
External Affairs minister S Jaishankar in New York praised the leadership skills of Prime Minister Narendra Modi while recalling the attack on the Mazar-e-Sharif in Afghanistan near the Indian consulate and while India was coordinating evacuations from the country.
Trend Micro on Tuesday issued a medium risk alert for worm Bagle.X to warn users against this latest worm variant, which has been sighted in France, United Kingdom, United States and Latin America.
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