New Delhi, June 11 (IANS) India is strengthening its position as a leading global talent hub for financial services, with Mumbai, Delhi NCR and Bengaluru ranking among the world’s top 30 financial services markets, according to a report released on Thursday.A report by real estate consultancy Colliers India said Indian cities are favourably placed in terms of labour availability, talent pipeline, venture capital funding activity and industry output.Financial services firms are increasingly reass…
Latest Asia-Pacific News & Updates
New Delhi, June 10 (IANS) Apple CEO Tim Cook on Wednesday congratulated Prime Minister Narendra Modi on becoming the longest serving PM in India’s history.“Congratulations on becoming the longest serving prime minister elected in India’s history, and thank you for supporting innovation that enriches people’s lives,” Cook posted on X.PM Modi posted on X that he is deeply touched by the good wishes conveyed by people from all walks of life today and over the last few days. “While I may…
Kathmandu, June 5 (IANS) Uber, the US-based global ride-hailing giant, officially launched its services in Nepal on Friday, marking its entry into the country’s increasingly crowded mobility market. The company had begun trial operations in the Kathmandu Valley last month and on Friday formally announced the commencement of its services in Nepal by organising a launch event in Kathmandu.The Himalayan country becomes Uber’s 11th market in the Asia-Pacific region and its first expansion into a…
United Nations, June 4 (IANS) In a contentious race to succeed Pakistan for a seat earmarked for the Asia Pacific region on the UN Security Council, Kyrgyzstan has defeated the Philippines after four rounds of voting. To be elected, countries have to get a two-thirds majority. In elections held in the General Assembly on Wednesday, Portugal and Austria defeated the European powerhouse, Germany, for the two Western European seats.With the combination of votes for the two seats, Portugal received …
New Delhi, June 4 (IANS) India’s high-net-worth individual (HNWI) population grew 3 per cent year-on-year in 2025 to nearly 3.9 lakh individuals, and financial wealth of these individuals increased 4.6 per cent, reaching approximately $1.64 trillion, a report said on Thursday.The report from Capgemini Research Institute also highlighted evolving investor preferences in India, with an increasing focus on personalisation, alternative investments, and AI-enabled wealth management experiences.Econom…
Seoul, June 1 (IANS) South Korea’s aviation sector output fell at the sharpest pace in 52 months in April, mainly due to a spike in fuel surcharges stemming from the prolonged Middle East conflict, government data showed on Monday.The production index for the aviation sector stood at 468.5 in April, down 13.5 percent from a month earlier, according to data released by the Ministry of Data and Statistics.It marked the largest on-month decline since December 2021, when the index dropped 14.2 perce…
New Delhi, May 27 (IANS) India is the second-largest data centre market in the Asia-Pacific region with 1.6 GW of operational capacity and is also among the top three markets by development pipeline, with 3.1 GW under construction and planned, according to a new report on Wednesday.The country is emerging as one of Asia Pacific’s most significant growth markets for digital infrastructure, as accelerating AI adoption, hyperscale cloud expansion, and rising enterprise demand continue to reshape …
New Delhi, May 21 (IANS) India offers the highest real estate yields across every major asset class in the Asia Pacific region and recorded an 189 per cent year‑on‑year jump in investment volumes in the Q1 CY 2026, a report said on Thursday.The report from CBRE said that cap rates in India consistently outpace every other market in the region across office, retail, logistics, hotels, and student housing sectors, in some cases by as much as 320 basis points.India’s Q1 2026 investment volume…
New Delhi, May 12 (IANS) As enterprises across the Asia Pacific (APAC) region rapidly adopt artificial intelligence (AI) technologies, API security incidents are imposing steep financial costs, with the average estimated loss per incident now exceeding $1 million, a report showed on Tuesday.The report by Akamai Technologies highlighted that 81 per cent of organisations in the region experienced at least one API security incident in the past 12 months.The average cost per incident has risen sharp…
New Delhi, May 7 (IANS) The future of globalisation, multilateralism, and geoeconomics will be shaped by policy choices, institutional choices and leadership choices, and India must not approach this era defensively, according to a new report.Nirupama Rao, former Indian Foreign Secretary and distinguished Indian Foreign Service officer, writes in India Narrative that “we have the capacity — economically, diplomatically, and intellectually — to influence that outcome”.“Not alone, of cou…