Bengal global business summit 2019

Luxury automobile makers like Lamborghini, Mercedes Benz, and BMW, are all seeing strong demand for their models in the premium end, despite the COVID-related disruptions, largely due to a shift in customer profile to younger, first-generation entrepreneurs, who believe in the ‘you only live once’ philosophy. Varun Kalyanasundaram, a 33-year-old director at Chennai-based Polimer Media, bought his first luxury car nearly 10 years ago “because of the sheer driving pleasure, technology and most importantly comfort.” Mr. Kalyanasundaram currently owns a BMW X7, Mercedes Benz S class, Mercedes Benz GLS, an Audi E-tron, and is now eyeing the Mercedes Benz Maybach GLS. “I drive by myself. I don’t have a chauffeur. I like long drives and the pleasure of driving is most important. The technology should be included, but I need comfort. That is it.,” he says. Sharad Agarwal, Head, Lamborghini India, says there has been a shift in the customer profile over the years. “We are seeing younger, … [Read more...] about Younger clientele driving luxury car sales in India

Endy Bayuni (The Jakarta Post) Jakarta   ● Thu, May 19, 2022 2022-05-19 02:17 0 02c2f042c5018a82e8094ec75262fb2f 1 Academia ASEAN,Joe-Biden,US,Kamala-Harris,summit,China,Indo-Pacific,outlook,strategy,South-China-Sea,Quad,investment Free The United States and ASEAN may have many things in common when it comes to the future of the Indo-Pacific, even on security issues, but they differ on how to deal with China. While Washington is trying to build alliances in the region to contain the rise of China, ASEAN has accepted China’s growing power and tries to include, rather than exclude, Beijing in the emerging regional architecture. There is one problem, though. China has not fully subscribed to the geographical definition of the Indo-Pacific region, suspecting that this framework is tailored to suit the US agenda. Besides, China does not have direct access to the Indian Ocean. But then, neither does the US for that matter, but this has not stopped it from … [Read more...] about ASEAN-US: On the same page, but not in the same boat on Indo-Pacific

This is a carousel. Use Next and Previous buttons to navigate 3 OMAHA, Neb. (AP) — Some of the details of rate conversations between the nation's four largest railroads will now be included in lawsuits challenging billions of dollars of charges the railroads charged, but this week's mixed ruling from a federal appeals court will also exclude some documents. The ruling from the D.C. Circuit Court of Appeals will likely set up more arguments over evidence as Union Pacific, BNSF, Norfolk Southern and CSX railroads defend themselves against dozens of lawsuits accusing them of conspiring to inflate their rates with coordinated fuel surcharges between 2003 and 2007. The key to determining what evidence is admissible will be whether the conversations relate to shipments that cross multiple railroads or not. The court said it “defies logic” to exclude discussions about traffic that stays on a single railroad or conversations about all shipments, but … [Read more...] about Court: Some rail rate talks allowed in price-fixing suits

On the first day of the second part of the Budget session, Finance Minister Nirmala Sitharaman presented a ₹1.42-lakh-crore budget, along with proposals for supplementary demands of grants for Jammu and Kashmir. This was followed by members of the Lower House taking up the bill for discussion. In today’s session, the House is discussing the Demands for Grants under the control of the Ministry of Railways for 2022-23. Union Ministers Rajnath Singh has made a statement on the issue of the inadvertent missile firing, while Minister of External Affairs S. Jaishankar has briefed the Lower House about the situation in Ukraine, detailing the rescue of Indian nationals from conflict zones. Here are the latest updates: 12.00 a.m. Lok Sabha proceedings adjourned for the day Speaker Om Birla adjourns the Lok Sabha proceedings until 11.00 a.m. on Wednesday, March 16, 2022. 11.51 p.m. Get rid of rate of return system used by British: Nishikant Dubey to Railway Minister BJP MP … [Read more...] about Lok Sabha updates | March 15, 2022

BEIJING, May 18 (Xinhua) -- A number of foreign dignitaries and heads of international organizations on Wednesday congratulated the China Council for the Promotion of International Trade (CCPIT) on its 70th anniversary. Indonesian President Joko Widodo, who attended a video summit marking the anniversary, said Indonesia and China have a lot in common as trade cooperation has developed rapidly, and investment in various sectors, particularly in mining and metallurgy, electricity and infrastructure, manufacture, agriculture, and fishery, reflects common interests. Today, the world needs greater collective actions and inclusive collaborations between developed countries and developing economies, he said. Indonesia will optimize its G20 presidency for the matters, the president said. Ecuadorian President Guillermo Lasso said that looking to Asia is looking to the future of the world, and that is why Ecuador has made joining the Comprehensive and Progressive Agreement for … [Read more...] about Foreign dignitaries, heads of int’l organizations congratulate CCPIT on 70th anniversary

The country’s largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its Chief Executive Officer, replacing incumbent Ronojoy Dutta. The 71 year-old Dutta, who came to helm the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent Covid period, IndiGo said in a statement. Elbers’ appointment, which is subject to regulatory approvals, will be effective from on or before October 1, it said. Since 2014, Elbers (52) has served as the President and Chief Executive Officer of KLM Royal Dutch Airlines. He is also a member of the Executive Committee of the Air France KLM Group, the airline said. “We are thrilled to announce the appointment of Pieter Elbers as the Chief Executive Officer of the company. India promises to be the last bastion of enormous growth globally and given Elbers’ deep understanding of the business, his legendary leadership qualities coupled with his energy and passion, … [Read more...] about IndiGo Appoints Pieter Elbers as New CEO as Ronojoy Dutta Set to Retire; Details Here

After a yearslong fight for equal pay, U.S. Soccer and the women’s and men’s national teams have announced a historic collective bargaining agreement to close the gender pay gap and assure every player, man or woman, is paid equally. The U.S. Women's National Team has dominated the soccer world, winning four FIFA Women's World Cup titles since the competition's founding in 1991, all while fighting for equitable pay. At the 2019 World Cup in France, chants of "Equal Pay!" reverberated in the stands in support. The collective bargaining agreement between U.S. Soccer and the men’s and women’s national team unions is the final step in cementing the new policy of equal pay. U.S. Soccer says it has offered identical contracts to men’s and women’s teams Sept. 15, 2021 00:25 “I am feeling extreme pride,” U.S. Women’s National Team defender Becky Sauerbrunn said Wednesday on NBC's "TODAY" show. "To be able to say finally, equal pay for equal … [Read more...] about Equal pay for all: U.S. Soccer reaches historic bargaining agreement with women’s and men’s teams

A photo of North Korea's hypersonic missile launch in Chagang Province on Wednesday was released by the state-run Korean Central News Agency on Thursday. [YONHAP] The projectile North Korea fired on Wednesday morning was a hypersonic missile that successfully hit its target, according to the regime's state news agency. The Korean Central News Agency (KCNA) reported that the North’s Academy of National Defense Science, which is responsible for the country’s missile program, conducted a test of a hypersonic missile on Wednesday. “After the launch, the hypersonic gliding warhead detached from the missile and flew 120 km (75 miles) laterally before it precisely hit its target 700 km away,” KCNA reported. The state news agency said the test checked the hypersonic unit’s flight control capability and its operability in winter conditions. While North Korean leader Kim Jong-un did not personally oversee the launch, the test was observed from the launch point in the country’s … [Read more...] about North’s first missile test of 2022 was hypersonic

South Korea's ongoing sex crime crisis forms the focus of a gripping new Netflix documentary— Cyber Hell: Exposing an Internet Horror. The latest program reveals just the tip of the iceberg of sex crimes in the Asian country, which can be traced back to a "deep-rooted gender inequality " and an increase in gender-based violence, Boram Jang, East Asia Researcher at Amnesty International, told Newsweek. "According to the Korean Institute of Criminology and Justice, violent crimes such as murder, robbery and arson are generally decreasing in Korean society, but crimes involving sexual violence are steadily rising," Jang said. Released on Wednesday, the new Netflix documentary follows the exposé of a sexual abuse scandal that saw dozens of women—including minors—allegedly being blackmailed into capturing non-consensual , sexually explicit images and videos of themselves. The footage was shared and sold via online chat rooms—known collectively as the "Nth Room"—on … [Read more...] about ‘Cyber Hell’ only scratches surface of South Korea’s sex crime crisis

BRUSSELS — The world economy is heading into a potentially grim period as rising costs, shortages of food and other commodities and Russia’s continuing invasion of Ukraine threaten to slow economic growth and bring about a painful global slump. Two years after the coronavirus pandemic emerged and left much of the globe in a state of paralysis, policymakers are grappling with ongoing challenges, including clogged supply chains , lockdowns in China and the prospect of an energy crisis as nations wean themselves off Russian oil and gas . Those colliding forces have some economists starting to worry about a global recession as different corners of the world find their economies battered by events. Finding ways to avoid a slowdown while continuing to exert pressure on Russia for its war in Ukraine will be the primary focus of finance ministers from the Group of 7 nations who are convening in Bonn, Germany, this week. At a news conference on Wednesday, Treasury Secretary Janet L. … [Read more...] about Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia