Around the Globe

Around the Globe

With China in mind, Japan, India agree to deepen defence

The leaders of India and Japan agreed on Thursday to deepen defence ties and push for more cooperation with Australia and the United States, as they seek to counter growing Chinese influence across Asia.

Prime Minister Shinzo Abe arrived this week in his counterpart Narendra Modi’s home state, skipping the tradition of visiting the capital of New Delhi, for the tenth meeting between two leaders since Modi came to power in 2014.

30% of Bank Jobs may disappear in five years

Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 per cent of banking jobs disappearing in the next five years.

Trump says tougher steps needed

North Korea showed trademark defiance on Wednesday over new UN sanctions imposed after its sixth and largest nuclear test, vowing to redouble efforts to fight off what it said was the threat of a US invasion.

US President Donald Trump said Monday’s sanctions, unanimously agreed on Monday by the 15-member UN Security Council, were just a small step towards what is ultimately needed to rein in Pyongyang over its nuclear and missile programmes.

NSUI makes comeback in DUSU polls, bags president, VP posts

Congress-backed National Students Union of India (NSUI) today made a comeback in the Delhi University Students Union, bagging two of the four crucial DUSU posts including that of the president.

RSS-affiliated Akhil Bhartiya Vidyarthi Parishad (ABVP), which has a stronghold in DUSU, bagged two seats, that of the joint secretary and the general secretary.

NSUI's Rocky Tusheed won the president's post by a margin of 1,590 votes defeating Rajat Chaudhary, while the party's Kunal Sehrawat defeated ABVP candidate Paarth Rana by 175 votes.

30 cr families get Jan Dhan accounts in 3 yrs: FM

As many as 30 crore families have got bank accounts since the launch of India's biggest ever bank account opening drive, Jan Dhan Yojana, three years back, Finance Minister Arun Jaitley said today.

Banks need $65b capital to meet Basel III norms

Indian banks will require about $65 billion in additional capital, lower than estimated earlier, to meet the Basel III capital adequacy norms by March 2019 and push loan growth, according to a US-based rating agency.

Only 19% firms may hire in Q3

India is among the most optimistic globally in terms of hiring outlook of companies, but the pace has faltered considerably over the past year, as companies still remain cautious, ManpowerGroup said on Tuesday.

The most optimistic fou­r­th-quarter hiring intentions were reported in Japan (23 per cent), Taiwan (22 per cent), Costa Rica (19 per cent), India and Hungary while Switzerland, Brazil and the Czech Republic formed the weakest.

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