'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
Defaults could climb to double digits in 2009, barring a material improvement in market conditions in the second half of next year, according to an S&P report on Asia-Pacific markets.
Modi and Albanese also reiterated their shared ambition for an early conclusion of the ambitious Comprehensive Economic Cooperation Agreement (CECA) that is expected to significantly expand bilateral trade ties.
The Indian Navy has appointed the first woman commanding officer in a naval ship in sync with its philosophy of 'all roles-all ranks' for female personnel, Navy Chief Admiral R Hari Kumar said on Friday.
Prime Minister Narendra Modi's visit to the United States this month will set new benchmarks for bilateral ties and some 'really big, historic and exciting' announcements are likely to be made on defence cooperation and boosting India's indigenous military industrial base, the Pentagon has said.
The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.
Any miscalculation and miscommunication are fraught with the risk of a major catastrophe, warns Rup Narayan Das.
"India is a global strategic partner of ours. We have a wide, broad, deep relationship with India. There will be a lot on the agenda in the bilateral relationship and in the multilateral engagements he takes part in on the margins of the G20," Ned Price, State Department Spokesperson, told reporters at his daily news conference.
Prithvi Raj Singh Oberoi, the 94-year-old veteran corporate hotelier who redefined India's hospitality industry, passed away on Tuesday. The Chairman Emeritus of The Oberoi Group, popularly known as 'Biki', built a sprawling chain comprising 32 hotels during his lifetime. EIH owns the eponymous Oberoi and Trident hotel chains.
British Prime Minister Rishi Sunak on Wednesday green lit a new youth mobility partnership scheme that will offer 3,000 visas to 18-30-year-old degree-educated Indians every year to live and work in the United Kingdom for up to two years.
Modi said both sides expressed commitment for an open, efficient and rules-based regional architecture and to expand bilateral maritime cooperation further.
Indian Oil Corporation has emerged as the top company in oil trading amongst national oil companies in the Asia Pacific region, as per the annual survey conducted by Applied Trading Systems, Singapore for the year 2003.
The top diplomats of Quad nations on Friday denounced as "inadmissible" any use or threat of use of nuclear weapons in the Ukraine war and strongly opposed any "unilateral actions" that seek to change the status quo in the South and East China Seas, a region that has witnessed increasing Chinese military offensive.
Higher valuation creation in companies beyond the top 100 has given the domestic markets a shot at a $4 trillion market capitalisation (mcap) - a club exclusive to three countries currently. On November 23, the mcap of all BSE-listed stocks finished at a new record of Rs 328.33 trillion ($3.94 trillion), despite the benchmark indices ending with losses. The mcap was propelled by gains in the broader market, including small and midcap stocks - a trend dominant this year.
Asia-Pacific countries are well set for an unprecedented boom in smart cards after the saturation of European and American markets, Claude Dahan, a senior official of French company, Schlumberger, said on Monday.
Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines".
She said that access to justice for all has been a theme close to her heart and mentioned several steps taken to help economically disadvantaged sections of society to approach legal institutions for remedial action.
British Prime Minister Rishi Sunak has reiterated the UK's commitment to a free trade agreement (FTA) with India as part of the country's wider focus on enhancing ties with the strategic Indo-Pacific region and standing up to competitors with "robust pragmatism". Delivering his first major foreign policy speech since taking charge at 10 Downing Street last month at the Lord Mayor of London's Banquet on Monday evening, the British Indian leader reflected upon his heritage and committed to promoting British values of "freedom and openness" around the world. He also pledged to "do things differently" far removed from the so-called "golden era" with China, which he said poses a "systemic challenge" to British values and interests.
The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.
The Indian Space Research Organisation said it successfully carried out an "extremely challenging" controlled re-entry experiment of the decommissioned orbiting Megha-Tropiques-1 (MT-1) satellite.
rediffGURU Dr Karthiyayini Mahadevan, head of wellness for senior citizens at Columbia Pacific Communities, tells you how you can tackle your sleep woes.
The French Air and Space Force is carrying out a major long-range mission in the Indo-Pacific, code-named Pegase 22, from August 10 to September 18.
Prime Minister Narendra Modi on Friday embarked on a tour of Japan, Papua New Guinea and Australia to attend three key multilateral summits including that of the G7 grouping and Quad.
Chinese foreign ministry spokesperson Mao Ning said China believes that state-to-state interactions should be in line with the trend of the time which is peace and development rather than exclusivity.
Ashok Vaswani, a banker with more than three-and-half decades experience in building and scaling up businesses across consumer and corporate banking and payments, will be the next managing director (MD) and chief executive officer (CEO) of Kotak Mahindra Bank. Last week, the Reserve Bank of India (RBI) had given its approval to Vaswani's appointment. Vaswani is currently President of Pagaya Technologies, a US-Israeli artificial intelligence (AI) fintech firm, which he joined in June 2022.
India has become the second biggest borrower in Asia Pacific by borrowing over $3.7 billion for project financing since the beginning of 2006, taking a big jump from its 10th position last year.
What are the warning signs of heart disease? How can we correct our lifestyle in order to improve our cardiac health and that of our loved ones?
The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.
Singapore-based SkyQuestCom received the Deloitte Fast Tech 500 award for being the seventh fastest growing company in the Asia Pacific region. \n
Speaking at a joint press event with Macron, Modi, who is in Paris on a two-day official visit, said a roadmap to strengthen India-France strategic ties over the next 25 years was being prepared with bold and ambitious goals on the anvil.
Prime Minister Justin Trudeau has said Canada is 'very serious' about building closer ties with India as it is a growing economic power and important geopolitical player, but wants New Delhi to work with Ottawa to ensure that they get the full facts about the killing of Hardeep Singh Nijjar.
'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.'
Significantly, IIM-B at sixth place has improved on its ranking from the ninth place it received in the previous 2007-08 report. The survey also states that the average GMAT score of students enrolled in the Post-Graduate Programme in Management at IIM-B is 780, which is the highest in the entire region.
'We have focused on it quarter after quarter and started to build the pipeline.'
The company's Indian subsidiary General Motors India has already announced a total of $500 million investments in the country to set up new car and power-train manufacturing facilities and it will be hiring 500 people in the second-half of next year. The company, which employs a total of 1,600 people in its engineering and research and development centre at Bangalore, will be enhancing the manpower strength there.
Meanwhile, Israel has expressed its "deep disappointment" with China's response to the war.
To provide more choices to customers, the Reserve Bank of India has suggested mandating bank and non-bank card issuers to issue debt, credit and prepaid cards on more than one network. Customers can choose any one either at the time of issue of the card or anytime later, according to draft norms released by the Reserve Bank of India on Wednesday. The RBI said card issuers would also be barred from signing agreements that limit their ability to tie-up with other card-networks, according to the draft.
China on Tuesday angrily denounced the nuclear-powered submarine deal announced by the US, UK and Australia, saying the pact violates the Non-Proliferation Treaty (NPT) and the three countries are travelling "further down the dangerous and wrong path."
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances