Officials in Beijing said the two countries were on course to meet the new target of $100 billion for 2015, set during Chinese Premier Wen Jiabaos recent visit to New Delhi.
The company is also considering foraying into IT, telecom and power segments soon. "Akai's annual sales (before its exit from India) was around Rs 275 crore (Rs 2.75 billion).
Refineries, information technology, banks, realty, telecom and power stocks fuelled the Sensex's second largest single-day gain of 714 points this year, taking investor wealth to Rs 178,688 crore (Rs 1786.88 billion). The benchmark had advanced by 928 points on March 25.
Concerned over the flight of talent from public sector undertakings to private sector, officers of profit making public sector units have threatened to go on an indefinite strike from December 22 seeking higher salaries.
The Sensex opened a tad higher at 5,182 - up 2 points. However, weak global markets pushed the index into negative zone to a low of 5,163.
Mid- and small-cap companies seem to have done better than top-tier companies
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
Bihar became the first non-NDA state and overall second after the BJP-ruled Assam to pass GST bill.
India will decide on going ahead with the foreign secretary-level talks with Pakistan only after operations to flush out terrorists from the IAF base at Pathankot is over.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
Net profits may dip 4.9% y-o-y, but the silver lining is that performance may be better than the preceding quarter
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Beijing wants assurance that its investments won't come under scrutiny