Jim Yong Kim, World Bank Group President, says that there is still risk present even as China reaches and surpasses its 2013 growth target.
Asia/Pacific
Islamic pension funds can provide more capital to industries and markets
The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
Tata Sky upgrades to expand consumer base
About INR900 crore had been earmarked for Tata Sky's format upgrade. Tata Sky, the direct-to-home television operator, had drawn plans to invest its INR900 crore this fiscal year on technology upgrades in order to reach out and achieve a 30% growth in subscribers.
Reliance-BP protests DGH imposed sanctions
DGH, in an order, required the relinquishment of awarded concessions to Reliance-BP for the 'expiry' of time for its development.
Olympus India to focus on premium category models
Because of the proliferation of smartphones, Olympus Imaging India is scrapping its low end camera line and the focus would be on its premium brands.
Latest News
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.
A three day summit was reported to attract a lot of investors into India's renewable energy market.
Aside from the much talked about Bo Xilai trial, China aimed to turn the country into an innovative consumer driven, high income nation.
After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
India would be inaugurating is its insurance repositories on September 16. India's Insurance Regulatory and Development Authority's insurance repositories would be inaugurated on September 16.
A report from a Chinese newspaper revealed that Samsung would be investing USD 500 million for a plant in China.
The two Koreas agreed to resume operations of the Kaesong industrial zone on a trial basis starting Monday.
