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Sep 19, 2016 at 21:40 | Source: PTI
Backed by broadening of domestic consumption base, S&P Global Ratings today projected India to clock a "steroid-free" growth of 8 per cent over the next few years.
Sep 07, 2016 at 17:50 | Source: PTI
Covestro AG, which was formerly apart of Bayer Material Science, sees India as a formidablepart of its APAC (Asia Pacific countries) growth strategy, asenior company official said.The German polymer major Covestro officially separatedfrom the Bayer Group last year and has successfullyestablished itself in the international capital market with abig stock market flotation."Covestro strongly believes in the APAC (Asia Pacificcountries) region; especially India which has been witnessinga double-digit growth. India comprises roughly 20 per cent ofour APAC revenues and it will be a formidable part of theCovestro growth strategy in the region," Covestro's ChiefFinancial Officer Frank Lutz told reporters here.Though China accounts for over 50 per cent market sharein APAC (Asia Pacific countries), the future growth willcome from other countries, especially India, he said.Covestro is looking at India as a growth driver incoming years and expects robust rise in demand for itspolymers."India is a growing market and holds lot of promise.The three key industry verticals driving the growth forpolymers and polycarbonates in India are automotive followedby IT and electronics and home furnishing. Automotive industrycontributes approximately 25 per cent of our revenues in thecountry," Covestro India Managing Director Ajay Durrani said.This one year of being an independent entity has helpedCovestro evolve as a global manufacturer, he said.Covestro supplies polymers especially polyurethanes andpolycarbonates and other specialty chemicals to key industriesaround the world, such as the automotive, construction,electronics, furniture, sporting goods and textilesindustries.As part of major expansion plans, Covestro India hadcommissioned a second line for production of thermoplasticpolyurethanes (TPU) in Cuddalore in Tamil Nadu last year,thereby increasing the capacity of the site to 6,000 metrictonnes from its current capacity of 2,500 metric tonnes.Durrani said, "The investment in Cuddalore is a testamentto the confidence that the company has in the country. BayerMaterialScience is now even better positioned to meet thestrong global and local demand for TPU."Over the past 12 months, Covestro AG has completed acomplex transformation process.Lutz, said the first year for Covestro as an independententity has been busy with the materials manufacturer clockinga strong net year-on-year income growth of 51 per cent. "The continued dynamic core volume growth stood at 7.7per cent year-on-year. EBIDTA has also significantly improvedby over 18 per cent and all debts taken from the parentcompany - Bayer have been repaid in full," he said. Covestro has 30 production sites around the globe andemployed approximately 15,700 people (full-time equivalents)as of the end of the second quarter of 2016..
Aug 30, 2016 at 14:02 | Source: CNBC-TV18
US companies have raised issues regarding the GST, solvency and ease of doing business. India has responded to all the queries. But queries concerning H1B visa and participation in APAC raised by Indian companies have not been answered yet.
Aug 10, 2016 at 18:56 | Source: PTI
The US-based firm counts India has its second largest userbase after the home market with 37 million members.
Aug 04, 2016 at 17:04 | Source: Moneycontrol.com
India expects first REIT listing to take place in first half of 2017
Jul 27, 2016 at 14:34 | Source: PTI
The letter has resulted in a delay of some of important product launches this year and also necessitated a significant cost towards the remediation efforts, Prasad added.
Jul 21, 2016 at 19:54 | Source: PTI
Emerging markets are increasingly becoming vulnerable to global shocks after a decade-long build-up of debt, with the Asia Pacific region, including India, seeing the largest growth in external borrowings, says a report by Moody's.
Jul 11, 2016 at 14:40 | Source: PTI
Although lower GDP growth in the UK will dampen demand for products from the rest of the world, Asia-Pacific's direct trade linkages with the country are generally limited, it said.
Jun 14, 2016 at 11:13 | Source: CNBC-TV18
US Fed is unlikely to hike rates in June or July and the commentary by Fed Chair Janet Yellen will be non-committal, says Hartmut Issel, Head-APAC Equity & Credit, UBS.
Jun 07, 2016 at 17:34 | Source: PTI
The findings are based on a survey that covered over 5,500 companies in the APAC region and around 313 firms from India participated.
Messages on Apac »

fundamental
_investor

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Piramal Enter  

Latest news coming in :-) Piramal Enterprises gets `Silver Award` for iCan at APPIES APAC Awards

4.10 PM Sep 28th

snpbharat

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Oracle Fin Serv  

. there is a conglomeration of economies in that part of the world, bundled together to be called apac, asia pacific region. but the reality is there really is no apac, they are a bunch of different economies that all have unique things. the economy in india is very much driven as a service economy, while china`s economy has

10.11 AM Sep 23rd

Wire News

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Covestro AG, which was formerly a part of Bayer Material Science, sees India as a formidable part of its APAC (Asia Pacific countries) growth strategy, a senior company official said. The German polymer major Covestro officially separated from the Bayer Group last year and has successfully

5.50 PM Sep 7th

BSE/NSE Announcer

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Intellect Desig  

Intellect Design Arena Limited has informed the Exchange regarding a press release dated September 02, 2016 titled "iGTB appoints new Head of Pre-Sales for APAC".

1.19 PM Sep 2nd

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Intellect Desig  

Intellect Design Arena Ltd has informed BSE regarding a Press Release dated September 02, 2016 titled "iGTB appoints new Head of Pre-Sales for APAC".

12.58 PM Sep 2nd

ulabs

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Lycos Internet  

The Asia-Pacific (APAC) region is set to overtake North America this year as the largest market for digital advertising, according to the latest Strategy Analytics forecast cited by Mediatel.

11.21 AM Sep 1st

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to support expansion into the APAC

11.24 AM Nov 29th 2012

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News Now  

Source:Business Standard - Location-based mobile advertising platform provider AdNear has raised Rs 35 crore in Series A funding from Sequoia Capital and Canaan Partners. The Bangalore-based company said the additional finances will be used to support its expansion into the Asia Pacific (APAC

8.32 PM Nov 28th 2012

headstead

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Tanla Solutions  

Abhid, what Tanla needs now is someother big tie up not just a regional tieup like the one with RIMM in APAC, lets hope for the best

4.46 PM Nov 28th 2012

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Source:Business Standard - Identity fraud is turning out be as a major concern in India with the growing number of Internet, social media and internet users through mobile phone devices, according to David Hall, regional consumer manager (product marketing), APAC, Norton by Symantec. A recent

11.45 AM Nov 28th 2012

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