Ram Vilas Paswan
NIIT acquires US-based St. Charles Consulting Group for $23.4 mn
Headquartered in St. Charles, Illinois, St. Charles Consulting Group is a leading provider of consulting, design, and implementation solutions for strategic learning programmes to professional services firms and Fortune 500 companies.
India's exports rose to $61 billion in September
These were 10.2 per cent higher than the corresponding period of last year. Imports in September 2022 were estimated to be $76.26 billion, exhibiting a positive growth of 10.73 per cent over September 2021. Trade deficit, however, widened to $148.46 billion in September 2022 against $76.25 billion in September 2021, the data revealed.
Global investors view Shehbaz's appeal as sign of imminent default on foreign debt
The global bond investors interpreted the prime minister's appeal as an indicator that the country was going to default on foreign debt repayments. Islamabad is scheduled to repay $1 billion against a maturing Sukuk on December 5, 2022, The , Express Tribune reported. The prices of any country's bonds plunge and their yields - the rate of return - soar while they are facing a financial crisis and vice versa.
India is in no rush to resume India-Pakistan trade ties
The issues of both trade and humanitarian assistance have been in focus since Pakistan's Finance Minister Miftah Ismail said earlier this week that Islamabad can consider importing vegetables and food items from India to cope with shortages due to the floods, which have killed more than 1,000 people and affected 33 million.
US, Taiwan announce plan to start trade talks
Both sides had set out the broad objectives for trade talks aiming to "deepen our trade and investment relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses", Deputy US trade representative Sarah Bianchi said in a statement late Wednesday.
Global markets brace for sharpest rise in US interest rates in 30 years
After days of frenzied investor speculation and signs of growing central bank anxiety, the Federal Reserve is expected to increase the official cost of borrowing by 0.75 percentage points for the first time since 1994. The Fed meeting will be preceded by an emergency meeting of the European Central Bank (ECB) to discuss crashing bond prices in Italy, Spain, Portugal and Greece.
Global PC shipments down 4.3% in Q1 amid chip shortage
The Covid-19 lockdowns in China, especially in Shanghai and Kunshan, where many laptop manufacturing lines are located, will further cause shipment correction in April. Compared to original equipment manufacturers (OEMs), original design manufacturers (ODMs) currently face more issues related to manufacturing resource allocation than component shortage impacts, according to Counterpoint Research.
Global cellular IoT module revenue grew 58% YoY in Q4 2021
Quectel's cellular IoT module revenue grew more than 100 per cent YoY in Q4 2021. Strong partnerships, superior service and a wide range of product offerings are supporting its growth. Quectel launched a new ODM brand, Ikotek, targeting the US market.Telit made a strong comeback after a relatively weaker performance in recent history.
India emerging as an alternative destination for relocating Chinese industries
In this regard, Japanese Prime Minister, Fumio Kishida announced an investment of Yen 3.5 trillion ($42 billion) in India over five years during the India-Japan Annual Summit in Delhi. Under an MoU, Suzuki Corporation would set up an electric car manufacturing unit in Gujarat.
World's largest trade deal comes into effect in Malaysia
Malaysia is expected to be the largest beneficiary among the ASEAN (the Association of Southeast Asian Nations) members from the RCEP in terms of export gains, Xinhua news agency quoted the Ministry as saying. The country is expected to see a $200 million increase in export gains, making the RCEP a vital tool in recovering from the economic disruptions caused by the Covid-19 pandemic, it said.
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