Page 11 - Mexico

Capability, innovation hub mkt to nearly double to $117 bn by 2027: Report

The market size of capability and innovation hubs in India is expected to nearly double to USD 117 billion by 2027 from USD 65 billion valued at present, according to a report. Units engaged in oursourced work of overseas clients are referred as CIHs (capabilities and innovation hubs). The domestic CIH market is on course to increase at a compounded annual growth rate of 16 per cent till 2027 and reach USD 117 billion from USD 65 billion now, consultancy firm BCG said in its report. India leads CIH ecosystem globally with around 1,600 centres, followed by the Philippines, Malaysia, Poland, Brazil, Ireland, Mexico, Costa Rica, Romania, Morocco and the Czech Republic. The report said that CIHs are poised to play a more integral role in the growth of enterprises as they expand their portfolio of services to include front-end customer business facing operations and capabilities in upcoming technologies. Meanwhile, the report has projected the annual growth of global CIH spends at 10 p

Illegal border crossings into the US drop in Oct after 3-month streak

Illegal border crossings from Mexico fell 14 per cent in October from a month earlier, US authorities said, ending a three-month streak of big increases. US officials highlighted the resumption of deportation flights to Venezuela on October 18, shortly after Venezuelans replaced Mexicans as the largest nationality appearing at the border. Arrests of Venezuelans plummeted 45 per cent to 29,637 from 54,833, still second only to Mexicans. Arrests of Venezuelans fell even more, by 74 per cent, in the second half of October from the same period of September. Arrests for illegal crossings totalled 1,88,778 for all nationalities in October, down from 2,18,763 in September, which was the second-highest month on record. Arrests had more than doubled over the previous three months as migrants and smugglers adjusted to new asylum regulations introduced in May. Arrests of Chinese rose slightly to 4,247, with 99 per cent of them in the San Diego area, as more fly to Ecuador and make their way t

Apple co-founder Steve Wozniak hospitalised in Mexico City, say reports

Event organizers did not immediately respond to a request for comment. Wozniak had been set to speak at the conference at 4:20 p.m. local time

Hurricane Otis death toll rises to 48, 36 missing as search ops underway

At least 48 people died when Category 5 Hurricane Otis slammed into Mexico's southern Pacific coast, most of them in Acapulco, Mexican authorities said on Sunday as the death toll continued to climb and families buried loved ones. Mexico's civil defense agency said in a statement that 43 of the dead were in the resort city of Acapulco and five in nearby Coyuca de Benitez. Guerrero state's governor had earlier raised the number of missing to 36 from 10 a day earlier. The death toll increased after authorities had raised it to 39 on Saturday. In Acapulco, families held funerals for the dead on Sunday and continued the search for essentials while government workers and volunteers cleared streets clogged with muck and debris from the powerful Category 5 hurricane. Kathy Barrera, 30, said Sunday that her aunt's family was buried under a landslide when tons of mud and rock tumbled down onto their home. Her aunt's body was found with the remains of their three children ranging in age from

Indians top the list of those seeking citizenship in wealthy OECD nations

Out of those Indians who moved to OECD countries, 133,000 were granted nationality, the highest among all countries

Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory

"If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," he said on a conference call with analysts

18 migrants killed, and 29 injured in a bus crash in southern Mexico

At least 18 migrants from Venezuela and Peru died early Friday in a bus crash in southern Mexico, authorities said. Mexico's National Immigration Institute said the dead include two women and three children, and that 29 people were injured. There was no immediate information on their condition. Photos distributed by the institute showed the bus rolled over onto its side on a curvy section of highway in the southern state of Oaxaca. The cause of the crash on the town of San Pablo Huitzo, near the border with the neighbouring state of Puebla, is under investigation. The institute said a total of 55 migrants, mostly from Venezuela, were aboard the vehicle. It was the latest in a series of migrant deaths in Mexico amid a surge in migrants travelling toward the US border. Because migration agents often raid regular buses, migrants and smugglers often seek out risky forms of transportation, like unregulated buses, trains or freight trucks. Last week, 10 Cuban migrants died and 17 others

11 dead after Mexico church roof collapses; no more people believed buried

The roof of a church collapsed in northern Mexico during a Mass on Sunday, killing at least nine people and injuring around 50, authorities said as searchers probed in the wreckage late into the night looking for survivors and other victims. Approximately 30 parishioners were believed to have been trapped in the rubble when the roof caved in, officials said. Searchers crawled under the roof slabs and officials brought in dogs to help search for possible survivors. The Tamaulipas state police said about 100 people were in the church at the time of the collapse. The state security spokesman's office said late Sunday that nine people had been confirmed dead from the collapse, which it described as likely being caused by a structural failure. Tamaulipas state police said units of the National Guard, the state police and state civil defense office and the Red Cross were involved in the operation. The Mexican Council of Bishops issued a statement saying that we join in prayer at the tra

10,000 migrants heading to US border daily; blames sanctions: Mexico prez

Mexico's president has said that about 10,000 migrants per day are heading to the US border, and he blamed US economic sanctions on countries like Cuba and Venezuela for the influx. President Andrs Manuel Lpez Obrador said the number of migrants reaching Mexico's northern border with the United States was partly due to about 6,000 migrants per day crossing into Mexico from Guatemala over the past week. He said many of those migrants are traveling on a route through Central America that includes the jungle-clad Darien Gap region between Panama and Colombia. Lpez Obrador seemed to join Colombian President Gustavo Petro in blaming the situation on US sanctions on countries like Venezuela and Cuba, whose citizens make up a large part of the migrant flow. Experts say economic mismanagement and political repression are largely to blame for the tide of migrants leaving those countries. The United States has sanctioned both governments over what it considers the suppression of democracy.

Sun Pharma to buyout local partner Indi Pharma in Mexican subsidiary

Sun Pharmaceutical Industries Ltd on Thursday said it will buy out local partner Indi Pharma from its Mexican arm for MXN 161.85 million (over Rs 75 crore). The company has signed a binding letter of intent to acquire the balance 25 per cent outstanding shares of Sun Pharma de Mexico, SA de CV, a subsidiary where it currently holds 75 per cent shares, Sun Pharmaceutical Industries said in a regulatory filing. The balance of 25 per cent is held by local partner Indi Pharma S.A.P.I. de CV, it added. The cost of acquisition is MXN 161.85 million, it added. "The acquisition enables Sun Pharma to acquire the balance 25 per cent stake held by the local partner," the company said, adding it would be done through a wholly-owned subsidiary Sun Pharma (Netherlands) B.V. The acquisition is likely to be completed by October 31, 2023, and after that, Sun Pharma de Mexico SA de CV will become a wholly-owned subsidiary of the company, it said. Sun Pharma de Mexico is engaged in the marketing an

Fantastic job done on G20: Mexico Foreign Minister congratulates India

She also congratulated India on its successful lunar mission Chandrayaan-3 and stated that it is a great advancement

Jaishankar holds bilateral with Mexico's Foreign Minister on UNGA sidelines

India-Mexico relations have consistently been friendly, warm and cordial, characterised by mutual understanding and growing bilateral trade and all-round cooperation

Mexican president wants to meet with Biden on migration, drug trafficking

Mexico's top diplomat Alicia Brcena has said that President Andrs Manuel Lpez Obrador wants to travel to Washington D.C. in early November to meet with US President Joe Biden about immigration, development aid and drug trafficking. The statement comes after a surge in migrants moving through Mexico forced the closure of some US-Mexico border crossings and led Mexico's largest railway company to halt about 60 train runs because so many migrants were hopping aboard freight cars. Most appear to be Venezuelans, and many said they had crossed through the jungle-clad Darien Gap that connects Colombia and Panama. Brcena told a news conference in New York Friday that migrant shelters in Ciudad Juarez, across from El Paso, Texas, are 95 per cent full and that the Mexican government is "very worried" about the border closures and the migrant surge, especially given Mexico's rocky relationship with Texas Gov. Greg Abbott. In the past, Abbott has tightened border truck inspections and strung a

Women's Reservation Bill: Where else have seats been reserved for women?

Parliament special session: In 2018, according to the Inter-Parliamentary Union (IPU) report, only 24 per cent of parliamentarians were women

Mexico brings bodies of 1,000-year-old 'aliens' to parliament, Nasa responds

Close on the heels of US Congress holding a public hearing on the possibilities of UFOs, the Mexican Congress, too, for the first time held a similar event. >

Storm Idalia takes aim at Gulf of Mexico on possible track toward US

Tropical Storm Idalia formed Sunday off the coast of Mexico on a potential track to come ashore as a hurricane in the southern US, the National Hurricane Centre said. At 5 pm Sunday, the storm was about 153 kilometers east-southeast of Cozumel, Mexico, moving northeast at 4.8 kph with highest sustained winds of 64 kph, forecasters said. Hurricanes have winds of 119 kph and above. Forecasters said they expected Idalia to become a hurricane on Tuesday in the Gulf of Mexico and then curve northeast toward the west coast of Florida. Idalia could approach Florida on Wednesday with winds of up to 160 kph, according to the latest forecasts from the Hurricane Centre. That would make it a Category 2 hurricane. Along a vast stretch of Florida's west coast, up to 3.4 metres of ocean water could surge on shore, raising fears of destructive flooding. At a Sunday afternoon briefing, Florida Governor Ron DeSantis noted that much uncertainty remains in the forecast. "This thing hasn't even gotte

Indian national shot dead, another injured in Mexico by unknown assailants

An Indian national living in Mexico was shot dead and another injured after they were robbed by unknown assailants in Mexico City, with Indian authorities demanding their Mexican counterparts to apprehend the culprits at the earliest. The incident took place on Saturday and the assailants robbed USD 10,000 from the Indian nationals, who have not been identified. They had exchanged the money from the vicinity of the Mexico City International Airport, El Universal newspaper reported. One of them lost his life due to the gunshots he received, and another was treated at the scene, without injuries, the report added. The Indian embassy in Mexico regrets the incident and said that they are in touch with the family and are extending all support. "In an extremely regrettable & heart-wrenching incident, an Indian national living in Mexico has been tragically shot dead. Embassy & @IndianAssoMex are in touch with his family & extending all support. We're demanding Mexican authorities

Hilary makes landfall along Mexico's Baja, carrying deluge to California

Tropical Storm Hilary made landfall along Mexico's Baja California coast Sunday as concerns mounted over the storm causing what could be deadly flash flooding in the border city of Tijuana, Southern California and places as far north as Idaho that rarely get such heavy rain. Hilary hit the coast in a sparsely populated area about 150 miles (250 kilometers) south of Ensenada. The storm has already caused flooding in places across Mexico's arid peninsula and threatens to unleash torrential rains on mudslide-prone Tijuana, where many improvised houses cling to steep hillsides just south of the U.S. border. Forecasters warned the storm could cause extreme flooding, mudslides and even tornadoes. Parts of the U.S. Southwest could be hit with once-in-a-century rains and there is a good chance Hilary could break all-time records as the wettest known tropical cyclone to douse Nevada, Oregon and Idaho. As of 11 a.m. Pacific time, Hilary was located about 215 miles (340 kilometers) ...

Hilary downgraded again to category 1 hurricane as Mexico braces for impact

Hurricane Hilary roared toward Mexico's Baja California peninsula late Saturday as a downgraded but still dangerous Category 1 hurricane likely to bring catastrophic flooding to the region and cross into the southwestern US as a tropical storm. The National Weather Center in Miami said in the most recent advisory at 9 p.m. that the maximum sustained wind speed is 90 mph and the storm was about 175 miles (281 kilometres) south of Punta Eugenia, Mexico, and 535 miles (855 kilometres) from San Diego, California. Meteorologists warned that despite weakening, the storm remained treacherous. One person drowned Saturday in the Mexican town of Santa Rosalia, on the peninsula's eastern coast, when a vehicle was swept away in an overflowing stream. Rescue workers managed to save four other people, said Edith Aguilar Villavicencio, the mayor of Mulege township. It was not immediately clear whether officials considered the fatality related to the hurricane, but video posted by local officials

Hurricane Hilary grows rapidly off Mexico, storm watch in California

Hurricane Hilary grew rapidly into Category 4 strength off Mexico's Pacific coast on Friday and could reach Southern California as the first tropical storm there in 84 years, which forecasters warned could cause extreme flooding, mudslides and even tornados. Hilary had sustained winds near 145 mph (230 kph) early Friday, and was expected to strengthen a bit more before starting to weaken. Nevertheless, it was forecast to still be a hurricane when approaching Mexico's Baja California peninsula on Saturday night, and a tropical storm when approaching Southern California on Sunday. The National Hurricane Center on Friday issued its first ever tropical storm watch for much of Southern California, covering a wide swath of the region from the coast to the interior mountains and deserts. No tropical storm has made landfall in Southern California since Sept. 25, 1939, according to the National Weather Service. The watch warned of numerous potential threats to life and property including ...