India is benefiting from growing interest from multinationals, which see it as an alternative manufacturing base in the context of developed economies’ supply chain diversification strategies, a flagship report by the UN has said, underlining that investment in the country remains strong. The ‘2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads … Read more
Apple CEO Tim Cook attends the first meeting of the American Workforce Policy Advisory Board with then-President Donald Trump in the State Dining Room of the White House in Washington, D.C., on March 6, 2019. Saul Loeb | AFP | Getty Images Apple produced $14 billion worth of iPhones in India over the last fiscal … Read more
After overtaking Hong Kong’s stock market in December, India currently has the fourth largest in the world, and is now valued at over $4 trillion. Javier Ghersi | Moment | Getty Images India’s market capitalization can easily grow to $40 trillion in the next 20 years, driven by stronger investor confidence and robust economic growth, … Read more
China’s SAIC Motor Corp Ltd said its unit MG Motor India Pvt Ltd plans to introduce investors including JSW Ventures Singapore Pte Ltd, through an equity transfer and by increasing share capital. As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor … Read more
Mumbai: ICICI Bank has provided a ₹2,675 crore debt facility to Tata Steel for a term of three years to repay its existing debt, said people aware of the development. Tata Steel has raised ₹2,700 crore through unsecured fixed-rate bonds at 7.79%, show documents filed with National Securities Depository Ltd. Tata Steel will make a … Read more
Tata Group currently owns a 51% stake in Vistara, and the remaining 49% is owned by Singapore Airlines. Nurphoto | Nurphoto | Getty Images India’s Vistara airline has cut flights following cancelations and delays all week as pilots have been on a strike of sorts over salary revisions. Pilots have called in sick to protest … Read more
For years, China has been Asia’s technology powerhouse. It is home to what once were some of the world’s most valuable companies, from Tencent to Alibaba. It is where most of the world’s iPhones and other electronics products are produced. And it is now a serious player in electric vehicles. But a shift appears to … Read more
Employees work at the headquarters of security system developer Staqu Technologies in Gurugram, India. Bloomberg | Bloomberg | Getty Images India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed. In the October to December period last year, … Read more
Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon. Hadynyah | E+ | Getty Images Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, mainly … Read more
India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company’s subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the … Read more
