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Sensex tanks nearly 1,200 points: FPI selling, weak global cues drag markets

Sensex tanks nearly 1,200 points: FPI selling, weak global cues drag markets

Mon, Jan 06, 2025

Sensex nosedives nearly 1,200 points as HMPV virus fears, FPI outflows, weak global cues, and earnings jitters weigh heavily on markets, with smallcap and midcap indices slipping up to 2%.

India-China troops begin disengagement at 2 friction points in Ladakh

India-China troops begin disengagement at 2 friction points in Ladakh

Fri, Oct 25, 2024

The border standoff between India and China began in eastern Ladakh along the LAC in 2020, sparked by Chinese military actions.

China emerges as India's top import source during April-September 2024

China emerges as India's top import source during April-September 2024

Wed, Oct 16, 2024

China has emerged as India's top import source with $56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data.

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Russia urges India to line up behind China's Belt and Road initiative

Russia urges India to line up behind China's Belt and Road initiative

Mon, Dec 11, 2017

India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part of the Belt and Road initiative. Russian Foreign Minister Sergei Lavrov, however, said New Delhi should not let political problems deter it from joining the project, involving billions of dollars of investment, and benefiting from it.

China's Sinopec looking to sell Nigeria business: Sources

China's Sinopec looking to sell Nigeria business: Sources

Wed, Dec 06, 2017

Sinopec and other oil groups including China National Petroleum Corporation and CNOOC made large acquisitions between 2009 and 2013 with the help of low-cost loans from Chinese state-owned banks.

China's Xiaomi seeks bank pitches for 2018 IPO: Sources

China's Xiaomi seeks bank pitches for 2018 IPO: Sources

Wed, Dec 06, 2017

Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

India can grow faster than China, says NITI Aayog VC Rajiv Kumar

India can grow faster than China, says NITI Aayog VC Rajiv Kumar

Tue, Dec 05, 2017

Kumar's emphasis on India taking over the baton of higher growth from China whose economy is on a slowdown after posting double digit growth rates for over three decades, comes in the backdrop of the global economy staging a recovery. "Now India must follow suit. For that we need to focus on and achieve higher rate of growth of employment," he said.

Baba Ramdev's Patanjali Ayurved to invest into solar power business

Baba Ramdev's Patanjali Ayurved to invest into solar power business

Tue, Dec 05, 2017

“Getting into solar is in line with the swadeshi movement. With solar, each household in India can have power supply, and we are here to make that happen,” Acharya Balkrishna, managing director of Patanjali Ayurved, said in an interview.

China launches land exploration satellite

China launches land exploration satellite

Sun, Dec 03, 2017

The satellite, which will be mainly used for remote sensing exploration of land resources, was launched from the Jiuquan Satellite Launch Centre in the Gobi desert at 12.11 p.m., reports Xinhua news agency.

Microsoft's Skype pulled from Apple, Android China app stores

Microsoft's Skype pulled from Apple, Android China app stores

Wed, Nov 22, 2017

Apple, responding to questions about Skype`s absence, said it had removed several internet phone call apps from its App Store in China after the country`s government said they violated local laws.

China to step up property market regulation to avoid bubble risk

China to step up property market regulation to avoid bubble risk

Tue, Nov 21, 2017

China`s housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the government taking strong measures since late 2016 to curtail speculative purchases.

Asia stocks falter as weakness in China markets dim mood

Asia stocks falter as weakness in China markets dim mood

Mon, Nov 20, 2017

Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse. MSCI`s broadest index of Asia-Pacific shares outside Japan extended losses and was down 0.2 percent.

Alibaba goes offline with $2.9 billion stake in China's top grocer

Alibaba goes offline with $2.9 billion stake in China's top grocer

Mon, Nov 20, 2017

Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

Fri, Nov 17, 2017

Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp.

Nissan's Infiniti to start producing new SUV in China next year

Nissan's Infiniti to start producing new SUV in China next year

Fri, Nov 17, 2017

Nissan Motor Co`s <7201.T> premium brand Infiniti will start producing a new crossover SUV in China next year, using existing manufacturing capacity in the northeastern city of Dalian.

China aims to stop renewable energy being wasted by 2020

China aims to stop renewable energy being wasted by 2020

Tue, Nov 14, 2017

Power from wind, solar and hydro plants is often wasted as there is not enough transmission capacity to absorb it, leading to high curtailment rates, especially in northwestern China.

Xiaomi closes in on Samsung's lead in Q3 smartphone shipments in India

Xiaomi closes in on Samsung's lead in Q3 smartphone shipments in India

Fri, Oct 27, 2017

Samsung and Xiaomi shipped 9.4 million and 9.2 million units, respectively and accounted for almost half of the total market in India.

China to not set target to double GDP from 2021

China to not set target to double GDP from 2021

Thu, Oct 26, 2017

The government will not solely pursue economic growth and will emphasise the quality of its growth.

China beats India in race to get Tesla to set up first manufacturing plant outside the US

China beats India in race to get Tesla to set up first manufacturing plant outside the US

Mon, Oct 23, 2017

Tesla's operations would be located inside a free-trade zone. This would mean that Tesla could still be subject to China's steep tariffs as it would be treated as though they were still being shipped from outside China, unless it can negotiate a special exemption.

China third quarter GDP growth likely to cool as property, debt curbs bite

China third quarter GDP growth likely to cool as property, debt curbs bite

Thu, Oct 19, 2017

China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government`s efforts to rein in the property market and debt risks weigh on activity in the world`s second-largest economy.

India's brand value declines in the world; loses its spot to Canada: Report

Mon, Oct 09, 2017

India slipped to No 8 spot in 2017 from No 7 spot and lost its place to Canada which saw a 14% growth in its brand value.

China approves HP's $1.1 billion buy of Samsung's printer business

China approves HP's $1.1 billion buy of Samsung's printer business

Fri, Oct 06, 2017

HP announced the deal in September 2016, hoping to disrupt the $55 billion copier market by focusing on multifunction printers

Asian markets edge up slightly after strong US service data

Asian markets edge up slightly after strong US service data

Thu, Oct 05, 2017

In Asia on Thursday, trade is expected to remain subdued with China, Hong Kong and South Korea closed for public holidays and analysts cautioning against reading too much into index moves.

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