The game plan is to pressure India and China to come back and commit to further emissions cuts by next year's UN meeting. Neither China nor India has 2030 targets anywhere near in line with a 1.5 degree centigrade pathway, and so will be on the target list of nations under pressure to return next year with more ambition, predicts Ambassador M K Bhadrakumar.
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.
The return of the US servicemen's remains was part of a deal that was agreed to by Trump and Kim back in their summit in June.
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.
On June 12, history was made when United States President Donald Trump shook hands with North Korean leader Kim Jong-un and had extensive talks at Capella Hotel in Singapore. However, this meet has come after several twists and turns. Following is the chronology of key events leading to a historic summit between the two leaders.
Emirates has been voted as the world's best airline in 2016 by travellers around the world.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
'If the situation escalates, then mini-scale firing might happen.'
Trump lauds Modi, saying he has been working successfully to bring the vast country and its people together.
Foreign Secretary Harsh Vardhan Shringla terms India's relationship with China as "complex".
"A Biden administration will be mostly positive for India," said Rick Rossow from the Centre for Strategic and International Studies think tank. "I expect most positive areas of cooperation -- notably defence -- to be maintained," he said.
Cisco Systems has appointed Owen Chan as senior vice president, Asia Pacific operations. Chan will be based in Hong Kong and report to Richard Justice, Cisco's senior vice president of Worldwide Field Operations.
He said the actions of the ruling Chinese Communist Party meant there were 'threats to India, threats to Vietnam, threats to Malaysia, Indonesia and the South China Sea challenge'.
These pics will make you add Australia to your 2018 bucket list.
In spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in the pandemic-hit 2020, overall wealth of the country's super-rich dipped 4.4 per cent to $12.83 trillion in the year due to the rupee's fall, and so did their tally, says a report. The number of dollar millionaires in India fell from 7,64,000 in 2019 to 6,98,000 solely because of the rupee's fall, while their cumulative wealth stood at $12.833 trillion, down $594 billion or 4.4 per cent from the previous year, according to the report by Credit Suisse Research Institute. The country is home to just 1 per cent of the global rich, whose number rose by 5.2 million to 56.1 million in the COVID-hit year. However, the report expects the number of millionaires in India to soar 81.8 per cent to 1.3 million by 2025.
The White House said the two leaders also pledged to continue working together to enhance security and prosperity in the Indo-Pacific region.
'If the Bangladesh-China relationship strengthens further, it can only be to India's detriment,' notes Vice Admiral Premvir Das.
Tata Consultancy Services (TCS) is likely to maintain its leadership position over the next three years backed by a strong and satisfied client base.
The India meteorological department has stated that day temperatures are likely to be above normal by 0.5 degree Celsius, reports Sanjeeb Mukherjee.
People are interested in the strength of India's economy, the country's stability, and the opportunities, says Stuart Tait, regional head of commercial banking, Asia-Pacific at HSBC.
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.
Auto major Fiat Chrysler Automobiles (FCA) on Wednesday said it will invest $150 million (around Rs 1,103 crore) to set up a global digital hub in Hyderabad to help the group develop new technologies to cater to its automotive operations across the globe. The facility, which is FCA's largest digital hub outside of North America, would create nearly 1,000 jobs by the end of next year.
In the test, a space rocket boosted a hypersonic glide vehicle, one capable of carrying a nuclear device, which circled the globe before impacting.
Sufyan Shaikh, the first Indian to complete swimming in ten seas takes us through the spectacular moments that defined his life and career.
Yudh Abhyas, the annual bilateral soldier training between India and the United States, is on at the Fort Bragg military base in North Carolina.
India announced its intention to acquire S-400 'Triumf' surface-to-air missile systems in 2015. The contract worth $5.43 billion was signed during the visit of President Putin to India last year.
Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.
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.
China also said that it was opposed to any third-party involvement in the resolution of the Sino-India boundary disputes.
Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic, which has resulted in a global recession, the World Bank has said. Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the pandemic and shutdowns, according to a World Bank report on the impact of the Covid-19 on migration and remittances released on Wednesday.
The Doha-based airline operates across 145 business and leisure destinations spanning over the Middle East, Asia Pacific, Africa, North America and South America with a fleet of 139 aircraft.
The United States and South Korea will deploy the advanced THAAD missile defence system on the volatile Korean peninsula as a "defensive measure" to counter the growing security threat from North Korea's weapons of mass destruction. The move has not gone down well with China which said that the move will harm the security of countries in the region.
External Affairs Minister S Jaishankar said on Friday that India and China are going through a 'particularly bad patch' in their ties because Beijing has taken a set of actions in violation of agreements for which it still doesn't have a 'credible explanation' and it is for the Chinese leadership to answer where they want to take the bilateral relationship.
'India is possibly the most fiscally constrained market in the region.'
Worst affected were the countries of euro zone, which saw a loss of $10.9 trn
Leaders of Sri Lanka's main Tamil party TNA on Friday told officials from the United Nations human rights body that the Tamils displaced in the LTTE war were facing problems with resettlement and discrimination at the hands of authorities
Both have been robustly muscular leaders who began as immensely charismatic politicians conveying an impression that they were makers of history, raring to go. Both have been hyperactive on the world stage. But in the final analysis, Abe is departing on a sombre note, unceremoniously and apologetically, observes Ambassador M K Bhadrakumar.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
'This, together with Chinese revisionism, will constitute the major test of the international system.'
