Industry choosing US over China, Japan to manufacture chips: Joe Biden
WASHINGTON: Global chips manufacturing industry is opting for the United States (US) over countries like China and Japan to set up their plants, President Joe Biden said as he announced two major investments by these companies here. China, Japan, South Korea, the European Union — all these places are investing tens of billions of dollars […]
Japan is India’s 5th largest investor, 114 Japanese companies currently operate across India
NEW DELHI: In a big-ticket move, Japanese Prime Minister Fumio Kishida on Saturday announced an investment target of five trillion yen (Rs 3,20,000 crore) in India over the next five years after holding talks with his Indian counterpart Narendra Modi on a wide range of issues, including the Ukraine crisis. The two sides inked six […]
Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement
NEW DELHI: British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover USD 1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Cairn […]
India and Japan to work on 5G, telecom security, submarine optical fiber cable & smart cities
NEW DELHI: India and Japan signed Memorandum of Understanding (MOU) to enhance cooperation in the field of Information and Communications Technologies today. MoU was signed by Union Minister for Communications, Electronics and IT Ravi Shankar Prasad and the Japanese Minister for Internal Affairs and Communications Takeda Ryota and it was exchanged through a video conference […]
Japan’s MUFG Bank dismissed employees to approach Labour Commissioner for relief
By Venkatachari Jagannathan CHENNAI: The dismissed employees of the Japan’s MUFG Bank in India will file a complaint with the Labour Commissioner for reinstatement, said a top official of All India Bank Employees’ Association (AIBEA). “Complaints will be filed with the Labour Commissioners in Chennai and Delhi against the sudden dismissal of employees by the […]
What’s next for Pfizer’s COVID-19 vaccine after UK rollout
Britain began the mass-vaccination of its population against COVID-19 on Tuesday, becoming the first Western nation to do so in a global endeavour that poses one of the biggest logistical challenges in peacetime history. Margaret Keenan, a 90-year-old grandmother from Britain, became the first person in the world to receive the Pfizer vaccine outside of […]
India approves cybersecurity pact with Japan
NEW DELHI: The Union Cabinet, chaired by the Prime Minister of India Narendra Modi has given its approval for signing a Memorandum of Cooperation (MoC) in the field of cybersecurity between India and Japan. The MoC will enhance cooperation in areas of mutual interest, which include inter-alia, capacity building in the area of cyberspace; protection […]
Japan’s Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides
NEW DELHI:Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd and Nippon Soda Co Ltd (Nisso), the Delhi-based company said on Wednesday, without disclosing the deal value. “Mitsui […]
Japan’s Yoshihide Suga wins ruling party leadership race to replace Shinzo Abe
By Linda Sieg, Leika Kihara TOKYO:Japanese Chief Cabinet Secretary Yoshihide Suga, a loyal aide to outgoing prime minister Shinzo Abe, won a landslide victory in a ruling party leadership election on Monday, paving the way for Japan’s first change of leader in nearly eight years. Suga, 71, who has promised to continue Abe’s key policies, […]
Japan’s PM Shinzo Abe says he will resign due to illness with many issues unresolved
TOKYO:Japan’s Prime Minister Shinzo Abe announced Friday he will resign, ending his record-breaking tenure in a bombshell development that kicks off a leadership race in the world’s third-largest economy. Abe said he is suffering a recurrence of the ulcerative colitis that forced him to cut short a first term in office and said that he […]
Japan set to approve Gilead’s Remdesivir drug to treat coronavirus
Japan is set to approve on Thursday the antiviral drug remdesivir for use against the novel coronavirus, Prime Minister Shinzo Abe said. The rapid move by Japan’s usually conservative authorities comes days after the U.S. authorized Gilead Sciences Inc.’s drug for emergency use on virus patients. Special approval in Japan is reserved for urgent situations, […]
NEC looks to tap smart digital space in India, eyes $1 billion revenue in 5 years
NEW DELHI: Japan-based NEC Corporation, which was also involved in Aaadhaar implementation programme in India, is looking to tap opportunities in smart digital solutions space in the country and has set a revenue target of $1 billion in five years from here, according to a company official. Besides, the IT solutions provider is betting big […]
Japan ‘Tuna King’ buys new year catch for $1.8 million
A celebrated Japanese sushi businessman, nicknamed “Tuna King”, paid $1.8 million for a giant tuna at New Year’s auction at Tokyo’s main fish market on Sunday. Kiyoshi Kimura, who runs a successful sushi restaurant chain, paid 193 million yen ($1.8 million) to purchase a 276-kilogramme (608-pound) bluefin tuna, caught off the Aomori region in northern […]
Tata Steel Europe sells Cogent Power to Japan’s JFE Shoji Trade Corporation
NEW DELHI: Tata Steel Europe on Monday said it has signed a deal with Japanese steel giant JFE Shoji Trade Corporation for selling its subsidiary Cogent Power Inc (CPI). However, Tata Steel did not provide any financial details of the deal. CPI is part of Cogent Electrical Steels, one of the five non-core business units, […]
IL&FS proposes to NCLT sale of its wind energy biz to Japan’s Orix
NEW DELHI: Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore. Infrastructure Leasing and Financial Services (IL&FS) said in a statement it has filed the proposal to complete […]
Japanese economy grew better than expected April-June
TOKYO: Japanese government data is showing Japan’s economy grew at a better-than-expected 1.8% seasonally adjusted annualized rate during the April-June quarter on healthy consumer spending and capital investment. The Cabinet Office reported Friday Japan’s gross domestic product or GDP the total value of a nation’s goods and services was lifted by solid spending in the […]