GLOBAL ASPIRATIONS
Vizinjham port will reduce time, logistics cost for Indian manufacturers: APSEZ CEO Karan Adani
Adani Ports and SEZ CEO Karan Adani announced that the Vizinjham port will significantly cut down logistics costs and time for Indian manufacturers by up to 40%. This milestone follows the arrival of the first mother ship at the port, marking India's entry into global transshipment. The port's advanced facilities, including automated operations and modern infrastructure, aim to handle large ships efficiently. Supported by a public-private partnership, the port is expected to boost trade connectivity, handling a substantial portion of India's transshipment traffic previously managed outside the country.
Chinese EV manufacturer BYD expands with $1 Billion Turkey factory. Will it threaten Elon Musk's Tesla?
Chinese EV manufacturer BYD is building a new factory in Turkey to grow its global footprint amid trade challenges, aiming to strengthen its position in the international electric vehicle market.
India has the potential to be a key partner in diversifying critical mineral supply chains globally: US
The goal is to forge an actionable roadmap for enhancing US-India collaboration in the critical minerals domain.
India undergoing transformation and pace of development over past 10 years has taken world by surprise, says PM Modi
The Prime Minister said it was in his DNA to challenge all the challenges and India will write a new chapter of global growth in coming years. Modi said it was exactly a month ago that he took oath as prime minister for the third consecutive term when he had made the resolve to work at thrice the strength and speed to fulfil the aspirations of the country.
Singapore is making life tougher for global talent
Singapore's 2022 points-based employment pass system, requiring a salary minimum for overseas employees, may affect its business hub status. It addresses local job concerns, crucial for the People’s Action Party's election prospects. The American Chamber mentions US firms' talent shortage. Ministry of Manpower notes local job growth and non-resident employment drop in 2024.
How India can leverage its cultural riches to stimulate its economy
India's cultural heritage is being recognized as a potential driver for economic growth, with efforts being made to leverage traditional industries and tourism. Government initiatives, like the redevelopment of Ayodhya and Kashi Vishwanath Temple, are yielding positive results in terms of increased visitors and revenue. Prime Minister Modi's focus on promoting Indian culture globally through initiatives like Tamil Cultural Centers and showcasing heritage on the G20 platform is notable. The goal of developing a comprehensive Cultural Economic Model to propel India's economy towards development by 2047 is being emphasized, with the potential to serve as a blueprint for other countries.
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'Make in India' initiative can add to engines of global growth: PM Modi at SCO Summit
Modi said that India has contributed significantly to enhancing the economic agenda of the SCO grouping with institutionalised mechanisms such as the SCO Startup Forum and Special Working Group on Startup and Innovation.
AstraZeneca to invest Rs 250 crore on expansion of its GCC in India
The facility currently occupies 334,000 square feet of office space at Ramanujan IT City, with plans to add approximately 180,000 square feet over the next six months to accommodate this expansion, creating AstraZeneca’s biggest global capability centre.
Integrate and mainstream African continent into the G20 system: Experts
Pradeep S. Mehta, Secretary General of CUTS International, emphasized that integrating the African continent into the G20 and other global governance systems should be a collaborative effort involving both the African Union Commission and other stakeholders, not just India. He shared this perspective during a high-level roundtable titled "Mainstreaming the African Union into the G20," organized by CUTS International and the Vivekananda International Foundation.
Premium sneaker stampede sweeps India off its feet and Adidas is game for it
The trend of premiumisation is gaining momentum in the footwear, watches, and gym apparel market, with consumers seeking quality, exclusivity, and a deeper connection with their brands. Adidas and Myntra have seen a 30-40% increase in premium options on their website, reflecting this trend. India's large population aspiring for better products and a natural consumer behavior of constantly seeking improvement are driving this trend.
Signature Global reports Rs 2,700 crore sale from Gurgaon project
Realty developer Signature Global has reported Rs 2,700 crore in sales from its Titanium SPR project in Sector 71, Gurugram. The property offers premium residential units and have garnered overwhelming interest, showcasing the company's commitment to quality and setting a new benchmark in the region's premium housing segment. The project, spanning 14.382 acres, has achieved remarkable sales through a digital process overseen by the Boston Consulting Group.
Fancy a career in gaming? Check out the in-demand roles, skills and more
Video games have evolved from mere leisure activities to lucrative career options, driven by technological advancements and increased accessibility. The industry demands skilled professionals like developers, designers, and testers. Various courses and certifications cater to these roles, enhancing employability. Essential skills include proficiency in game engines, programming languages, and soft skills like creativity and communication.
Russian economy has withstood what even China could not have achieved: Prof. Alexander Dynkin
Prof. Alexander Dynkin discussed the significance of the Primakov Readings International Forum and the role of BRICS in shaping global economic trends. He emphasized India's pivotal role in BRICS and highlighted the growth potential in Russia-India ties. Dynkin provided insights into the Russian economy, foreign policy priorities, and commitments towards fostering regional stability and collaboration, especially in Africa. His analysis underscored Russia's resilience and strategic positioning in the evolving global landscape.
Gain a strategic edge in your career with the University of Massachusetts Global MBA program, tailored for professional excellence
The article discusses the importance of a Global Master of Business Administration (MBA) in the current global business landscape. It highlights the University of Massachusetts Global's online MBA program, focusing on developing global leaders with practical skills and affordability.
Tata Consumer Products aspires to be a full-fledged FMCG Co, to double capex to Rs 785 cr in FY25: N Chandrasekaran
Tata Consumer Products Ltd plans to diversify and expand into new FMCG categories, doubling capex to Rs 785 crore for FY25 with a focus on a new plant in Vietnam. Chairman N Chandrasekaran emphasized growth through acquisitions, particularly in health-oriented and food products, while investing in digital technology and advertising.
Take your ambition further with the Kent Future Student Scholarship
Indian students are increasingly choosing the United Kingdom for higher education, with a 54% rise in study visas. Scholarships, like the Kent Future Student Scholarships, make studying in the UK more accessible and affordable.
Lok Sabha polls: Success eludes Tamil Nadu's richest candidate, AIADMK's Ashok Kumar
Aatral Ashok Kumar, the AIADMK's Erode candidate was said to be the richest of the 950 MP aspirants who contested the April 19 Lok Sabha polls in Tamil Nadu and he had declared assets worth over Rs 500 crore. Despite putting up a good fight, the debutant was swept away in the DMK wave, with the ruling party-led coalition netting all 39 Lok Sabha seats in the state.
Gas needs a new pricing meter
What could future policy look like? Pricing policy needs to be simplified and streamlined with global norms. Ensuring linkage to rolling averages of global benchmarks like Brent or other global benchmarks, along the C Rangarajan committee recommendations, would sustain the balance between consumers and producers. This should be implemented alongside more uniform gas pricing. One price could be benchmarked for LNG imports, another for domestically produced gas from regular fields, and one higher price for more difficult fields like ultra-deep and high-temperature high-pressure fields.
The Circle FC partners with JETRO to host Indian startups for the Japan Market Immersion Program
Throughout the two-day event on May 15-16th, the startups engaged with various stakeholders, including other startups, investors, corporates, government officials, and industry leaders.
RIL signs technology licensing agreement with Nel Hydrogen Electrolyser AS
RIL is building a multi-GW fully integrated end-to-end new energy value chain, from photon to green molecules, paving the way for abundant and affordable access to sustainable energy for everyone, the company said. Both partners will also collaborate on future performance improvements and cost optimization through research and development (R&D), value engineering, standardization, and modularization to improve the competitiveness of the alkaline technology platform.
"We need competitive-cooperative federalism": PM Modi on allegations of 'insufficient support' to state govts
Prime Minister Narendra Modi has emphasized the importance of regional aspirations in India's development. He believes that a state should not face obstacles in its path to progress and will instead help it achieve its target. Modi also stressed the need for cooperation and healthy competition between states to take the country forward.
BJP says its manifesto recognises middle class aspirations, offers steps for better quality of life
The manifesto's focus on increasing the number of Global Capability Centres (GCCs), Global Tech Centres (GTCs) and Global Engineering Centres (GECs) and making the country a global hub will also help the middle class, who will benefit also from the resolve to make housing more affordable.
India lighthouse for smaller, aspiring space nations: WEF official
The space sector in India is witnessing a surge in excitement, attracting talent from around the world and inspiring entrepreneurship. The World Economic Forum's Centre for Fourth Industrial Revolution (C4IR) launched a space technology programme in India to foster global collaborations as the private space sector gains momentum in the country. India is seen as a role model for smaller space nations, with the potential to create a "space public infrastructure" that could fuel a boom in space entrepreneurship.
Agenda of Modi 3.0: It will be driven by aspirations like $7 trillion GDP by 2027
Though GST numbers look good, at some point, the 53rd meeting of GST Council will have to look at harmonising and streamlining rates and bringing in more products into GST. Since average GST rates are unlikely to increase, higher revenue will be through enforcement and administrative efficiency.
UPSC vs. IIT JEE: Anand Mahindra weighs in on exam toughness debate
Business tycoon Anand Mahindra delves into the discourse sparked by the film "12th Fail," exploring the challenges faced by exam aspirants. Mahindra, impressed by IPS officer Manoj Kumar Sharma's journey, consults with aspirants and shares insights from an IIT graduate who found UPSC tougher. He suggests potential adjustments to global exam rankings based on this feedback. Social media responses vary, with some considering UPSC the 'mother of all exams,' while others emphasize the intensity of the three-stage UPSC competition.
Global culture, better jobs top motivating factors for Indians aspiring to study abroad
Nearly 50% of the Indian students surveyed cited better career opportunities as the top motivational factor to study abroad, while 42% cited cultural experience and 41% cited development of language skills as leading motivational factors. About 50% of Indian students stated ‘Cost of Living’ and 35% of Indian students stated ‘High tuition fees’ as the biggest barriers for pursuing higher education overseas, according to the Oxford International's Student Global Mobility Index (SGMI).
Defence research budget insufficient to make India global power: Parliamentary panel
The committee has also expressed reservations about the existing state of affairs regarding the utilisation of funds for R&D activities in DRDO, without dwelling into details. It has also noted that the research and development percentage was at 6.59% in 2010-11 and 6.6% in 2014 -15 but has been progressively reduced to 5.38% in the current budget. It also observed that 25% of the budget (around ₹1300 crore) is now earmarked for the private sector, leaving an even smaller amount for DRDO to allocate to its projects.
From medical school to pageant queen: Rijul Maini wins Miss India USA 2023
Rijul Maini, a medical student from Michigan, recently crowned Miss India USA 2023 in New Jersey. Saloni Rammohan and Sneha Nambiar secured Miss Teen and Mrs India USA titles, respectively. Greeshma Bhat and Ishita Pai Raikar were first and second runners-up.
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