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.
United States President Barack Obama has nominated an IIT alumni to his advisory commission on Asian Americans and Pacific Islanders.
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
72 per cent of the revenue of Indian firms (India Inc) is derived from the domestic / home market - the sixth highest in percentage terms in the emerging market (EM) and the Asian region, said a recent report by Morgan Stanley. The balance, according to the report titled 'Global Exposure Guide 2021' co-authored by analysts led by Jonathan F Garner, their chief Asia and emerging market strategist, is split between the developed markets (DMs) and other EMs. The report is based on an analysis of 3,300 companies globally that have revenue exposure in 17 different regions.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
Should we be exposing our women volunteers to the barbarity of actual combat?
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
The United States, he said, 'desires a new age of ambition' in its relationship with India. Asserting that the US has never been more supportive of India's security, he said New Delhi too, is an important partner and a key pillar of President Trump's foreign policy.
If a workable compromise is found and Russia'S Western borders are left undisturbed with a suitable buffer, it will indicate that the US is indeed serious about its focus on China, observes Colonel Anil A Athale (retd).
The India delegation flagged concerns over the possible implication of the Taliban's capture of power for the security situation in Jammu and Kashmir as there are apprehensions about spill-over of terrorist activities from Afghanistan to the union territory, the sources said.
The agenda prepared by ministers will be discussed by Prime Minister Narendra Modi and other RCEP leaders in Nonthaburi, a city north of Bangkok, on November 4, the official deadline to close talks.
INS Vishakapatnam's ground attack and anti-ship capabilities are achieved through a bank of BrahMos cruise missiles that can be fired at targets up to 295 km away.
'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.'
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Once average inflation for India of 5.7 per cent is taken into account, the projected increase in real terms for 2017 will be 4.3 per cent
S&P Global Ratings on Wednesday said the second wave of COVID infections poses downside risks to India's GDP and heightens the possibility of business disruptions. The second wave brings in uncertainty and a drawn-out COVID outbreak will impede India's recovery, it said.
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
Before migrating into the theatre command concept, it would be worthwhile to study the shortfalls experienced by the Tri Services Command in the Andaman and Nicobar islands and make good the deficiencies, suggests Commodore Venugopal Menon (retd).
Betting on the growing demand for hospitality services in Asia Pacific, especially in India and China, global real estate services firm Cushman & Wakefield has acquired two hotel consultancies to launch Cushman & Wakefield Hospitality, Asia Pacific.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
Thimpu apparently didn't think it necessary to take Delhi into confidence. Bhutan is loathe to getting dragged into the geopolitical rivalry between India and China. And for Beijing, this was too good an opportunity to be missed to thumb its nose at the powers-that-be in Delhi, points out Ambassador M K Bhadrakumar.
'If there is one certainty in this visit, it is that Trump does not follow a script. He is unpredictable,' highlights Ambassador B S Prakash.
"No other relationship of India has as many layers as our relations with China. We are the world's two most populous countries and among the fastest growing major economies. Our cooperation is expanding," he said.
'The location was the central part of the southern pacific and most part of the Tiangong-1 was burnt up on the re-entry.'
The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.
Shah Rukh Khan hopes to showcase the good things in life in the second season of the chat show, Ted Talks.
The global agency said there are "serious deficiencies" on the part of the country in checking terror-financing and it lacks an effective system to deal with it.
The Western powers appear to regard Delhi as the most logical destination in the region in these extraordinary times -- as a counterpoint to the ascendance of political Islam and a rising red star over Afghanistan, observes Ambassador M K Bhadrakumar.
Lamborghini, which expects 60% growth this year has priced Huracan Evo at Rs 3.73 crore, also said in the next five years India will be one of the top 15 markets for the company.
Though there have been no cancellations of contracts by invoking the force majeure clause, a number of clients - especially in the worst-affected sectors like travel and hospitality, oil and gas, as well as manufacturing - have started asking for reducing level of IT support.
Communications solutions and services provider British Telecommunications' (BT) Indian arm, BT India (BTI), on Tuesday said it will invest 375,000 pounds (about $558,418) for setting up its Asia Pacific security operations centre (SOC) in the country.
While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
After being at the helm of Google India and Google Asia Pacific for over seven years, Shailesh Rao is now been roped in by micro-blogging service provider, Twitter.
The two-plus-two dialogue will be held on Tuesday. A host of crucial bilateral, regional and global issues including China's efforts to expand influence in the Indo-Pacific region as well as its aggressive behaviour in eastern Ladakh is likely to figure in the talks.
Dealmakers and advisors feel investors are shifting their focus to Asia Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
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.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
India saw growth of around 213 per cent in the number of real-time payments processed over the past year.
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