Dec 04, 2024, at 10:45 pm
New Delhi/IBNS: In a significant development that could reshape India's electric vehicle (EV) landscape, Chinese automaker BYD is positioning itself to silently dominate the country's rapidly growing EV market.
India set to benefit from Trump's possible tariff hike on Chinese imports: Report
Nov 09, 2024, at 09:44 pm
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
India's diesel market signals warning as growth slows down
Nov 05, 2024, at 06:29 pm
Mumbai/IBNS: India's diesel market is showing signs of a slowdown as demand growth loses steam, raising concerns for the world's third-largest oil importer, reports Bloomberg.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
Apple's production shift: Tech major exports $6 billion worth of iPhones from India
Oct 29, 2024, at 06:09 pm
New Delhi/IBNS: Apple's iPhone exports from India surged by a third in the six months leading up to September, highlighting the company's strategic shift to expand its manufacturing footprint in India and reduce reliance on China, reports Bloomberg.
IMF highlights significant manufacturing shift towards India and China
Oct 24, 2024, at 08:09 pm
New Delhi/IBNS: The International Monetary Fund (IMF), in its latest "World Economic Outlook" report, has highlighted a notable shift in global manufacturing towards emerging markets like India and China, as advanced economies face declining competitiveness.
Apple may turn to China as fire halts production at Tamil Nadu iPhone plant: Report
Oct 03, 2024, at 08:13 pm
Chennai/IBNS: A fire at Tata Group's plant in Tamil Nadu, which produces components for Apple iPhones, could disrupt production ahead of the festive season sales surge, Reuters reported, citing industry experts and a source familiar with the situation.
Mobile retailers urge govt to revoke Chinese brands’ licenses for anti-competitive practices: Report
Oct 01, 2024, at 11:31 pm
New Delhi: The All India Mobile Retailers Association (AIMRA) has called on the Central government to revoke the licenses of Chinese smartphone brands such as iQoo, Poco, and OnePlus, accusing them of anti-competitive practices that hurt local retailers and result in financial losses to the exchequer, media reports said.
India surpasses China in world's largest investable stock index
Sep 19, 2024, at 07:51 pm
New Delhi/IBNS: India has surpassed China in its weighting within one of the world’s largest stock market benchmarks, as increased share sales and liquidity make Indian companies more accessible to global investors, reports Financial Times.
India extends countervailing duty on welded stainless steel pipes and tubes from China and Vietnam
Sep 12, 2024, at 04:13 am
New Delhi: The Indian government has extended the countervailing duty on imports of welded stainless steel pipes and tubes from China and Vietnam for another five years, media reports said, citing a Union Finance Ministry order on Wednesday.
'Threat to national security': Congress red flags Adani Group's investment in China
Sep 10, 2024, at 10:40 pm
New Delhi: The Congress party on Tuesday raised concerns over the Adani Group's decision to set up a subsidiary in China for project management services, claiming that this move could endanger India's national security and territorial integrity, media reports said.
Sep 09, 2024, at 09:45 pm
California/IBNS: In a recently viral throwback interview, Apple CEO Tim Cook clarified common misconceptions about the company's decision to manufacture in China, providing insight into the true reasons behind Apple's reliance on the country.
China expands access to its manufacturing, healthcare sectors to foreign investments
Sep 09, 2024, at 06:50 pm
Beijing/IBNS: China is set to open its manufacturing sector completely to foreign investment and is expanding opportunities for foreign capital in its healthcare sector, as part of efforts to stimulate its economy, reports Bloomberg.
Former Samsung executive arrested second time for leaking chip technology to China
Sep 07, 2024, at 05:50 am
Seoul: A South Korean executive, accused of stealing semiconductor technology developed by Samsung Electronics, has been detained again on freshallegations in connection with the theft of chip processing technology, Reuters reported.
Volkswagen considers German plant closure for first time in 87-year history: Report
Sep 04, 2024, at 08:40 pm
Berlin/IBNS: German automaker Volkswagen is weighing whether to close plants in Germany for the first time in its 87-year history as the company moves to deepen cost cuts amid rising competition from China’s electric vehicle makers, reports CNN.
India projected to surpass China to become world's largest two-wheeler market
Aug 10, 2024, at 08:38 pm
New Delhi/IBNS: India is projected to overtake China to become the world's largest two-wheeler nation in CY24, as per Counterpoint Research.
Piyush Goyal rules out change in govt's stance on Chinese FDI
Jul 30, 2024, at 10:33 pm
New Delhi: Commerce Minister Piyush Goyal stated Tuesday that the Indian government is not reconsidering its position on foreign direct investment (FDI) from China, indicating that the country may continue to impose stricter scrutiny on investments from Beijing, media reports said.
India plans $1 billion investment for hydropower projects in Arunachal Pradesh
Jul 10, 2024, at 04:21 am
New Delhi: India is likely to allocate $1 billion to accelerate the construction of 12 hydropower stations in Arunachal Pradesh, a move likely to heighten tensions with China, which claims the region, Reuters reported.
Chinese EVs hit with duties in biggest European Union trade case yet
Jul 06, 2024, at 08:00 pm
Brussels/IBNS: The European Union (EU) will impose tariffs of up to 37.6 percent from Friday on imports of electric vehicles (EVs) manufactured in China, ratcheting up tensions with Beijing in Brussels’ largest trade case yet, Reuters reported, citing EU officials.
Jun 19, 2024, at 10:39 pm
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
IMF revises China's 2024 growth forecast to 5%, predicts slowdown to 3.3% by 2029
May 30, 2024, at 05:03 am
Beijing: The IMF on Wednesday revised its projection for China's economic growth to 5 percent in 2024, up from its previous estimate of 4.6 percent, media reports said.
India’s ambitions can foster complementarity with China, reports Global Times
May 14, 2024, at 07:11 pm
New Delhi/IBNS: There has been no shortage of pessimism regarding economic and trade relations between India and China, as Chinese companies are bearing the brunt of the most severe crackdown due to New Delhi's "tendency to generalize security issues in its China trade policy", though the latest data may indicate a different trend, serving as a reminder not to overlook the complementary strengths of both economies, according to a report by the Chinese Communist Party (CCP)-owned Global Times.
China surpasses US to become India's largest trading partner in FY24: Reports
May 13, 2024, at 09:56 pm
New Delhi/IBNS: Replacing the United States, China has become the largest trading partner of India for the fiscal year 2023-24, reports said.
Tesla continues to cut jobs in China as part of its global workforce reduction: Report
May 10, 2024, at 05:22 am
Beijing: Tesla has increased job cuts in China as billionaire Elon Musk struggles to recover lost market share in the world’s biggest auto market, reported Bloomberg.
China's gold-buying spree triggers global price surge
May 09, 2024, at 05:27 am
Gold's value has historically surged during geopolitical and economic upheavals, and recent events like Russia's invasion of Ukraine and the conflict in Gaza have further boosted its price.
After postponing visit to India, Tesla CEO Elon Musk heads to China
Apr 28, 2024, at 06:52 pm
Tesla CEO Elon Musk is on a surprise visit to China, the second-largest market for the electric vehicle titan, media reports said.
US chipmakers refuse to move focus from Chinese market despite Washington's restrictions
Apr 13, 2024, at 07:45 am
China continues to be a key market for a chunk of American chipmakers even as the United States tightens control on chip sales to the country and amid Beijing’s intense efforts for self-sufficiency in the semiconductor sector, media reports said.
India crosses China as HSBC's third-largest profitable business region
Feb 22, 2024, at 03:25 am
HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.
BMW registers robust electric vehicle sales growth in China: Reports
Jan 15, 2024, at 03:37 am
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry
Dec 23, 2023, at 03:13 am
Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.