Reliance Jio, which launched India's first nationwide LTE network in September 2016, signed up more than 100 million 4G subscribers in less than six months. South Korea's Samsung is Jio’s sole LTE network provider. End February this year, Jio and Samsung extended their partnership, and announced plans to enhance the...
India Best Country for Wall Street Says Forbes
New York-based Wisdom Tree, that pioneered the concept of fundamentally weighted Exchange Traded Funds (ETFs) and active ETFs, says that its India Earnings (EPI) Fund is up 12.8% year-to-date and is ahead of China, Indonesia, Thailand, Vietnam, South Korea and Japan. Gaurav Sinha, strategist for Wisdom Tree said, "If you look...
India’s Commerce Minister Reports 48% Increased FDI
Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India' initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the...
General Motors Expects its India Market to Eclipse Japan Soon
According to a news item in Reuters, General Motors aims to capture at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world’s third biggest with projected annual sales of 8 million vehicles by 2025. “India may be the...
India to Buy Warships from Korea
In keeping with a growing “strategic partnership” with South Korea, India is set to acquire 8 advanced mine sweeping and hunting warships for $1 billion. Under the program, India will get two of the mine counter-measures vessels (MCMVs) directly from the South Korean firm Kangnam Corporation, while the other six...
Top Asia Pac investment destinations
According to the FDi report 2013, here are the five destinations which were preferred to invest in Asia-Pacific in 2012. As you can see, China is the favorite country for FDI, quickly followed by India with a number of projects reaching 704. In total, the region of Asia-Pacific has attracted...