Page 39 - Japan

Kai Group to invest Rs 17 cr to expand manufacturing facility in Rajasthan

Kai Group, a Japan-based personal care product and kitchen equipment maker, said it will invest 300 million yen (around Rs 17.17 crore) to expand production capacity of its manufacturing facility at Neemrana in Rajasthan. This latest investment is to increase the production capacity of women's razors by over 5 million units per year, according to a statement issued by the group's local subsidiary Kai India. "The group is planning an additional investment, allocated around 300 million yen, reflecting KAI group's commitment to bolstering its manufacturing infrastructure," it said. The expected timeline for the completion of this expansion is five months, and the company expects the enhanced production capacity will be operational by the end of December 2024. This expansion aligns with Kai India's 'make in India' initiative, strengthening local manufacturing and meet the increasing demand from both local and international markets. Kai India Managing Director Rajesh U Pandya said: "Ou

Japanese PM cancels Central Asia visit due to mega earthquake advisory

Japan Met department said a higher-than-usual probability of a megaquake is predicted around the Nankai Trough

Bank of Japan's policy path filled with risks after global market turmoil

In some ways, investor complacency after such a long period of steady BOJ policy made the likelihood of jumpy markets inevitable when it came time for Japanese authorities to exit

Japan issues its first 'megaquake' warning after powerful tremors in Kyushu

A megaquake in what's known as the Nankai trough could surpass the damage from the March 2011 earthquake and tsunami that devastated the northern coast of the main island of Honshu

Japanese govt issues its first 'megaquake' warning after powerful tremor

Defined as a major tremor occurring in 100- to 150-year cycles, a megaquake could surpass the damage from the March 2011 earthquake

SoftBank VF1 reports $544 mn loss on Paytm exit, gains $65 mn on Zomato

The Japanese conglomerate recorded a $394 million gross gain from its $199 million investment in Policybazaar, and gain of $285 million on its $397 million investment in Zomato

Tech leads Asia stock selloff; yen, dollar gains in volatile week for mkts

Elsewhere, Taiwan's tech-heavy stock benchmark sagged 2% and Hong Kong's Hang Seng lost 1%

Will work to make Maha's economy surpass Japan, Germany: Guv Radhakrishnan

Maharashtra Governor CP Radhakrishnan has said he will work to make the state's economy larger than Japan and Germany and to ensure the wealth created reached the remotest village of the state. He was speaking here on Wednesday at the launch of 'Yoddha Karmayogi - Eknath Sambhaji Shinde', a biography of Chief Minister and Shiv Sena leader Eknath Shinde. He highlighted Maharashtra's crucial role in realising Prime Minister Narendra Modi's vision of a 'Viksit Bharat' (developed India) by 2047. The governor expressed confidence in CM Shinde's leadership to make Maharashtra a trillion-dollar economy while ensuring inclusive development. "A day will come by 2047 when India will be the richest nation of the world. That time, our Maharashtra state economy should be larger than the second largest economy of the world, that should be our aim and we all should work towards it," he said. "I will work with you to the extent that Maharashtra state's economy becomes larger than the second larg

Honda posts 23% Q1 profit jump, aided by sales of hybrid vehicle

The company maintained its full-year operating profit forecast of 1.42 trillion yen, while slashing its sales outlook for China by 220,000 vehicles for that period

Japan, South Korea, and UAE tourists can now avail visa-on-arrival in India

Visa-on-arrival is available at six designated airports: Bangalore, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai

Stock rout in Japan wipes out $15 bn of SoftBank Group Corp's value

The technology giant's stock fell 19 per cent, the worst performance since SoftBank listed on the Tokyo Stock Exchange in 1998

Fear-gripped equity investors lose Rs 15 trillion; Sensex, Nifty fall 2.7%

India VIX surges 42%, most in 9 years; FPIs offload shares worth Rs 10,073 crore

Yen rises to 7-month high as weak US labour data fuels recession fears

The US economy is showing signs of slowdown but it's not as bad as the market is pricing in

Rajasthan govt to hold road shows ahead of investment summit in Jaipur

The previous Ashok Gehlot government organised a similar programme in 2022 - Invest Rajasthan 2022 Summit - in Jaipur on October 7-8

China accuses Japan of 'smear attacks' in recent talks with Quad members

China has expressed strong dissatisfaction to Japan about what it called "smear attacks" against China at recent high-level meetings with the United States, India and Australia, the Foreign Ministry said Wednesday. A ministry statement said that Liu Jinsong, the director general of the Asian affairs department, conveyed solemn representations and serious concern at a meeting the previous day with Akira Yokochi, the deputy chief of mission at the Japanese Embassy. Liu pointed out that Japan's smear attacks on China are self-contradictory to its statement of promoting the strategic and reciprocal relationship between the two countries, the statement said. Meeting in Tokyo on Sunday, Japan's foreign and defense ministers agreed to bolster military cooperation with the US at what are known as 2+2 talks with their American counterparts. A joint statement said China's foreign policy seeks to reshape the international order for its own benefit at the expense of others and that such behavi

Since Japan launch, Honda Elevate exports nearly double of India sales

Between April and June 2024 Honda exported 10,659 units of the Elevate meanwhile it sold 5,435 units of the Elevate in Indian market

India, Japan have set $42 billion investment target by 2027: S Jaishankar

'There are currently 1,400 Japanese companies operating in India, and we aim to increase this number,' External Affairs Minister S Jaishankar said in a Quad press briefing

Toyota global output tumbles in June, dragged down by Japan and China

In China, where domestic electric vehicle makers like BYD have rapidly gained market share and have aggressively cut prices, production fell 21.7% - marking the fifth month in a row

US, Japan, and South Korea boost ties, ink security cooperation treaty

Kihara, Austin and Shin had agreed to institutionalize trilateral security cooperation when they last met in June in Singapore

US to upgrade military command in Japan amid growing concerns over China

The two countries agreed Sunday to upgrade the command functions of the US forces in Japan for better coordination of the US-Japan bilateral alliance