Boosted by good sales coming from emerging markets like India and China, Philips said on Friday it will look for acquisitions in the Asia-Pacific region to maintain its growth momentum for its lighting business.
India and New Zealand have signed a pact to institutionalize their defence ties and vowed to boost cooperation in the Indo-Pacific. Prime Minister Narendra Modi raised concerns about anti-India activities by some illegal elements in New Zealand with his Kiwi counterpart Christopher Luxon. The two sides also signed six agreements to enhance cooperation in areas including education, sports, agriculture, and climate change. They also agreed to prepare a roadmap for cooperation in the defence industry sector and explore early implementation of cooperation in the digital payments sector.
Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.
A Chinese fighter jet performed an unsafe manoeuvre after it came as close as 20 feet within a United States military aircraft over the South China sea, The Hill reported on Thursday citing the US Indo-Pacific Command.
The foreign ministers of the Quad grouping of India, the US, Australia and Japan on Friday held extensive talks in Melbourne amid escalating tension between Russia and NATO countries over Ukraine, the Afghan crisis and increasing concerns over China's "coercion" in the Indo-Pacific region.
What tasks they accomplished, how they stayed fit, what did they eat, whom did they meet, what they brought back... amazing stories from an epic voyage.
In an address at the Global Dialogue Security Forum, he underlined the need for India to put greater focus on having strong bilateral, trilateral and multilateral arrangements with like-minded countries to maximise its strategic leverage in the region.
As the largest producer of vaccines in the world, with 60 per cent of the global share, India is well-positioned to use its existing manufacturing capabilities to contribute to mass vaccine production and distribution needs for other countries in addition to meeting its domestic requirements, said Moody's.
Google says its AI models are being used across sectors in India, from improving maternal health programmes and streamlining patient-care to supporting agri-tech solutions and advancing the country's sovereign AI efforts.
Addressing the Indian diaspora at Nassau Coliseum in New York, PM Modi said that people will witness the Summer Olympics taking place in India as well. Last year, PM Modi said that India will make efforts to host these big sporting events.
S&P Global Ratings on Monday retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience. "We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines, S&P Global Ratings said in its quarterly economic update for Asia-Pacific.
US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
US President Donald Trump on Saturday (local time) said that the United States has launched an attack on three Nuclear sites in Iran.
PC maker Lenovo India will start manufacturing 50,000 GPU-based AI servers in India next year, the company said on Tuesday. Besides this, Lenovo announced setting up its fourth largest research and development centre in Bengaluru. Lenovo India managing director Shailendra Katyal said that the company will make servers locally and also export them from its manufacturing unit in Puducherry.
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
Internet giant Google is the most attractive employer for graduates from the Asia-Pacific region in a list of top companies which figures no Indian firm.
This is the first time in decades that China has made its flight test of an intercontinental ballistic missile public in an apparent show of strategic deterrence, State-run China Daily reported.
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.
Embraer sees a lot of opportunities in India in the commercial and business jets as well as military aircraft and eVTOL segments, its CEO Francisco Gomes Neto has said as the Brazilian seeks to strengthen its foot print in the fast growing Indian market. Besides, the company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats.
Under the direction of the ministry of external affairs, the Humanitarian Assistance and Disaster Relief (HADR) efforts are being progressed in conjunction with Headquarters Integrated Defence Staff, the Indian Army, the Indian Air Force and the National Disaster Response Force, the defence ministry stated.
Singapore-based SkyQuestCom received the Deloitte Fast Tech 500 award for being the seventh fastest growing company in the Asia Pacific region. \n
Six US Congressmen have written to the Attorney General of the United States expressing concerns over the Department of Justice's indictment of the Adani Group, alleging it jeopardizes relations with India. The letter, signed by Lance Gooden, Pat Fallon, Mike Haridopolos, Brandon Gill, William R Timmmons, and Brian Babin, criticizes the Biden administration's decision to pursue the case, arguing that it has no real injury to US interests and could negatively impact the strategic partnership between the US and India. The Congressmen call for an investigation into the DOJ's conduct and request records pertaining to the case.
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.
India is one of the top three markets for telecom company Motorola in the Asia Pacific region, a senior official said in New Delhi.
According to the Singapore Post, Kiribati a Micronesian country is discussing opening up its largest marine reserves to commercial fishing which may serve a dual purpose like a naval base for the Chinese as well.
Indian and US armed forces conclude a comprehensive training phase as part of Exercise Tiger Triumph 2025.
Prime Minister Narendra Modi on Friday held bilateral talks with Italian counterpart Giorgia Meloni in Bari during which they discussed defence and security cooperation and hoped for further enhancing the defence industrial collaboration.
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.
'Looking at how quickly the hostilities were escalating, the nuclear threshold did not seem that far.'
The prime minister also underlined the importance of a free and open Indo-Pacific for the Pacific island nations and said India respects the sovereignty and integrity of all countries.
The total volume for investment grade loans, defined as those with high credit quality and low risk profile, has reached $128.3 billion since the beginning of this year -- the highest ever YTD volume -- with SBI Capital Markets emerging as ninth largest book-runner for such deals. With nine deals worth a total value of about $4.1 billion, SBI Cap is the only Indian entity in the top ten bookrunners for such loans in Asia-Pacific, excluding Japan, the data shows.
'The policies announced by his administration are implemented faster.'
In a move sending a strong signal to China, foreign ministers from Quad countries -- India, Australia, Japan and the United States -- in a joint statement on Tuesday strongly opposed any unilateral actions that seek to change the status quo by force or coercion.
Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.
Meanwhile, Prime Minister Narendra Modi arrived in Apulia to attend the Outreach session of the G7 Summit and hold bilateral talks on a wide range of issues with world leaders on Friday.
"President Biden has had warm and productive early conversations with his counterparts in Australia, India, and Japan, and looks forward to engaging even more directly with our partners in the Indo-Pacific as soon as possible," a senior administration official told PTI.
Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.
