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.