Economy

India needs to consolidate its public banks to three to five large banks to support manufacturers and exporters in the international markets, Piyush Goyal, Minister of State for Power, Coal, New and Renewable Energy, told a Singapore forum on March...

Airbus is establishing a world-class pilot and maintenance training centre in Delhi, to support the county’s need for new Airbus pilots. According to Airbus’ latest global market forecast, India requires over 1,600 passenger and freighter aircraft in the next 20...

PGIM, the global investment management businesses of Prudential Financial, Inc., has completed its previously announced acquisition of Deutsche Bank’s Indian asset management business through its Mumbai-based affiliate. With $963 billion in assets under management as of Dec. 31, 2015, PGIM...

The FY16/17 Union Budget saw the Indian government prioritise fiscal discipline and macro-stability over growth (capex spending) of February 29, 2016. In contrast to consensus and DBS expectations for a slower pace of fiscal tightening, the FY16/17 deficit target was...

  A changing pattern in Indian migrant workers across the world will ensure a steady flow of remittances into the country, which was USD 72 billion last year, making India the largest recipient of foreign-earned wages in the world, according...

A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of National Insurance Company Limited (National) (India). The outlook for both ratings is stable. The ratings consider National’s strong risk-adjusted capitalization, overall...

Made in India to Make in India – why it will succeed, despite a noisy democracy - By Girija Pande (above), Chairman Apex Avalon Consulting, Singapore. Incredible headlines dot the international business media—India emerges as a competitive Asian manufacturing hub!...

Indians lead Asia Pacific investors in DAFZA. The Dubai Airport Freezone Authority (DAFZA) witnessed an impressive increase of 23% in the number of Indian companies operating within the Freezone last year. Official statistics reveal that India came first in the...

A model works on Visa Checkout  Visa Inc. said its leading online payment service, Visa Checkout, will be available to merchants and consumers across France, India, Ireland, Poland, Spain and the United Kingdom this year. Visa Checkout brings the security and...

The economic outlook for most of Asia has been weak but some Singapore companies are seeing a bright spot in India, reported The Straits Times today. Investment by firms in India is on the rise, and companies with a presence...