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S&P retains India rating at 'BBB-' with stable outlook International rating agency Standard & Poor's offers a stable outlook International rating agency Standard & Poor's has affirmed its 'BBB-' long-term and 'A-3' short-term sovereign credit ratings for India. The outlook for country remains stable, the agency said in a statement on last Monday . The ratings on India reflect the country's sound external profile and…
Japan has offered to finance India's first bullet train, estimated to cost US $ 15 billion, at an interest rate of less than 1 percent, officials said, stealing a march on China, which is bidding for other projects on the world's fourth-largest network. Tokyo was picked to assess the feasibility of building the 505-kilometre corridor linking Mumbai with Ahmedabad, the commercial capital of Prime Minister…
32% respondents in EY's annual 'Attractiveness Survey have ranked the country as the most attractive market this year. In a big endorsement of India's fundamentals and attractiveness, 32% respondents in EY's annual 'Attractiveness Survey - India 2015' have ranked the country as the most attractive market this year. This comes at little surprise, as changing policy and growing wealth, as well as ease of doing…
There are 2,080 ultra-high net worth individuals in India with wealth of over US $50 million, and the number of dollar millionaires in the country is projected to touch 3,05,000 in the next five years, says Credit Suisse Global Wealth Report. The staggering economic growth has lead to large increases in wealth for the nation’s business leaders. Overall, wealth measured in domestic terms has grown…
More than 50 companies have lined up to offer jobs but there's no one left in line! That's the predicament Kanwal Kapil found himself in last weekend, just two-and-a half days after summer placements began at Gurgaon's Management Development Institute. "Companies have been so upbeat on hiring that this was waiting to happen," said Kapil, in charge of placements at the business school. By noon…
The Apple Store is coming to India — or at least a few counters are, along with those signature wooden tables. They will be debuting in India in partnership with Tata-owned consumer electronics chain Croma, which will host Apple at six of its locations as a pilot In a testament to its growing wealth and increase in discretionary income of its citizens, Apple is finally…
India is a bullish economy that continues to grow amid fears of a global economic slowdown. Although heavily dependent on foreign investment, the economy of this giant nation now has the right policies in place to handle any outflows that might arise from an investment pullout. So much so that the IMF believes that it is better equipped to handle the slowdown than any other…
In a major sign of industrial pick-up, the Index of Industrial Production for the month of August came in at a robust 6.4% versus 4.1% in July One of the major issues that plagued nations during the recent recession was the falling value of industry. A decrease in demand meant that many key industries, ever so vital to our developing nation, saw many cutbacks and…
Key highlights: Historic visit paves way for better relations between the two large economies Two of the world’s most powerful and influential nations saw their leaders meet in an historic visit. Angela Merkel, the German prime minister, made her first visit to the subcontinent and helped iron out details on issues that are mutually interesting to both. Here talks with the prime minister centered on…
The US' first-ever India roadshow kicked off last Tuesday with an aim to attract Indian investors In a first, the USA will hold an investment roadshow in India that aims to help businessmen and professionals to understand the complexities of the American system. With the aim of attracting investors, the show will give advice and provide consultations. Cities from Delhi to Mumbai will be paid…
OnePlus has tied up with Foxconn, the world's largest contract manufacturer, to make smartphones in India by the end of this year. The Chinese smartphone maker will get the phones made from Foxconn's Rising Stars factory within the Sri City Integrated Business City in Andhra Pradesh. The move from the fast growing technology startup underpins the importance of the India market for the company, which…
CHINA’S FIFTH PLENUM: “SHI SAN WU” Chinese leaders to chart economic course for country through 2020 Around 200 senior members of the Communist Party of China (CPC) met from October 26th 2015 through to the 29th, for its Fifth Plenary Session, colloquially referred to as the “shi san wu” or “thirteen-five”. China is undoubtedly in the midst of ushering in a new age of development,…

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