Apr 222016
 
China overtakes US as world’s largest business travel market

China’s business travel market has overtaken the United States to become the largest in the world, the Global Business Travel Association (GBTA) has revealed. According to the latest GBTA BTI Outlook for China, the Asian country edged ahead the US in terms of total business travel spending at the end of 2015, by US$1 billion. China’s business travel sector was worth US$291.2bn in 2015, compared with US$290.2bn in the US, but this gap is likely to continuing growing, with China’s business travel spending forecast to […]

Apr 072016
 
China to overtake US as world’s top business travel market

This is the year to take stock of the corporate travel sector and the current trends in the Asia-Pacific as the region’s economic outlook continues to dominate global growth. The corporate travel spend in the region reached US$459 billion in 2014, with projected growth of 7.7 per cent in over the next five years. The China market is of particular interest. Despite lower oil prices and a shift away from public sector consumption towards individual consumption, China remains set to overtake the United States as […]

Dec 182015
 
Bangladesh to overtake China as the world’s biggest cotton importer

As China’s economy has grown, it has become the largest importer of raw materials from copper to iron ore. Yet for one commodity, at least, it’s poised to lose that title. Bangladesh will probably overtake China as the world’s biggest cotton importer in the current crop season, which lasts through July, according to data from the U.S. Department of Agriculture. Contributed By Sonia Narula

Dec 172015
 
Bengaluru overtakes Mumbai as the most preferred real estate investment destination in India

Bengaluru has overtaken Mumbai as the most preferred real estate investment destination in India, according to an report. The report titled ‘Emerging trends in real estate Asia Pacific 2016’ said Bengaluru is emerging as the real estate capital of India. (The Hindu) Some pockets of Bengaluru residential market like panathur-varthur and thanisandra is expected to see price appreciation of 61 per cent & 55 per cent respectively by 2020 said a recent report. Contributed By Sonia Narula

Oct 142015
 
China's middle class overtakes US as largest in the world: Report

China’s middle class has overtaken the United States to become the largest in the world according to a comprehensive new report on the distribution of global wealth. Despite fears of a global growth slowdown in the emerging world, Asia is set to be the scene for the greatest expansion of the world’s middle class, said Credit Suisse, in its annual wealth report. China now accounts for a fifth of the world population, while holding nearly 10pc of the global wealth. Contributed By Sonia Narula

Nissan overtakes Maruti becomes India’s second biggest car exporter

 Automobiles, India  Comments Off on Nissan overtakes Maruti becomes India’s second biggest car exporter
Apr 282014
 
Nissan overtakes Maruti becomes India’s second biggest car exporter

Nissan overtakes Maruti to become India’s second biggest car exporter, according to new study. India’s biggest carmaker Maruti Suzuki India posted a 35% decline in profit, coming in below expectations, as the effects of a persistent slump and price discounts were worsened by the consequences of a government plan aimed paradoxically at boosting sales. The stock fell over 3% before recouping some losses, perhaps encouraged by the company posting record annual profit. Maruti posted a March quarter profit of 800 crore, down from 1,240 crore […]