This is part of the nine memorandums of understanding (MoUs) worth Rs 5,027 crore, including Hero Group-backed Ather Energy's over Rs 600 crore investment, to establish a manufacturing facility for e-vehicles.
UK-based GlobalLogic, a leading offshore software development company, plans to acquire two to three companies in the outsourcing product development (OPD) space in emerging markets like India and China as well as established markets. The company is particularly exploring an acquisition in south India.
In 2005, the Border Road Organisation was asked to construct 73 roads in the strategically important regions along the Sino-India border but there has been huge delay in implementation of the project which has apparently left the army unhappy.
'The Olympic Spirit has been thrown to the wind in Xi Jinping's China.' 'The International Olympic Committee is ready to kowtow to totalitarian China,' notes Claude Arpi.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
Indian HNWIs move to the UAE, the UK, the US and Australia.
India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.
The IMF on Tuesday cut India's economic growth forecast by 0.5 percentage points to 9 per cent for the current fiscal year, with its chief economist Gita Gopinath saying that the slight downgrade is mainly due to the impact of the spread of the Omicron variant. "If you look at the 2021-22 fiscal year, we have a slight downgrade of -0.5 percentage points and for the next fiscal year 2022-23 we have a slight upgrade of 0.5 percentage points. So, growth for the previous fiscal year is now nine per cent and for this year now is at nine per cent. We moved it up slightly," Gopinath told reporters during a news conference in Washington. In its latest update of World Economic Outlook on Tuesday, the International Monetary Fund has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of the spread of Omicron on business activity and mobility.
The People's Bank of China cut its daily reference rate for the currency by a record 1.9 per cent, the biggest loss since January 1994.
Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
The buzz that Google Inc may move back to the Chinese mainland became louder this week.
as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
'India needs to adopt a more proactive policy of triggering exports to China.'
Telecom gear makers say will take six to eight months for the top 10 cities to have some reasonable coverage of 5G network services.
When a Chinese warship entered Japanese waters, the Indian commander called on China to maintain discipline at sea. Dr Rajaram Panda explains the significance of the Malabar exercises between India, Japan and the US.
Two years ago this day, Astad Deboo, dancer extraordinaire, passed into the ages. A new exhibition Breaking Boundaries remembers the pioneer who redrew the margins of Indian dance.
Indian telecom sector has registered a phenomenal growth and has become second largest telephone network in the world after China.
Known for its phones and emerging from nowhere in the segment, it might take on the scooter Goliaths.
A video shared by Qureshi's Pakistan Tehreek-e-Insaf (PTI) party on Twitter shows plain-clothed men taking him away, with him waving at party workers before departing from the location where he was detained.
India has repeatedly called on Russia and Ukraine to return to the path of diplomacy and dialogue and end their ongoing conflict.
The Jammu and Kashmir government has sought clearance from the ministry of defence to construct concrete huts like along the Line of Actual Control bordering China.
Two of Apple Inc's global vendors -- Wistron and Foxconn (through Han Hoi), which already manufacture Apple phones in India -- and a third entity, Pegatron, which will be setting up a new plant, have applied to the government to be eligible under the PLI scheme for large-scale electronics manufacturers.
Apple Inc's leading contract manufacturer, Taiwanese giant Wistron, has exceeded its investment obligation in India in just eight months, although the government's production-linked investment (PLI) scheme allowed it to complete the investment in four years. Between August 2020 and end March 2021, Wistron made an investment of Rs 1255 crore - 25 per cent more than the total investment it had committed to the government. Under the PLI scheme for mobile devices, the government had stipulated that each of the five participating global companies needed to invest Rs 250 crore every year for the first four years, totalling Rs 1,000 crore.
The Chinese economy is not collapsing, it is shifting to different growth drivers which the old metrics used to judge China do not pick up.
'A participant in many rounds of the border talks with China once told me that China seemed not interested in resolving the border issue as it wanted to keep it as a ready excuse to intervene in the sub-continent,' says Colonel (retd) Anil A Athale.
Indian IT giants are outstanding companies with great management teams, but they have been held hostage by their past success.
The new 17 Strike Corps with 80,000 troops and a budget of Rs 64,000 crore will provided the much-needed offensive capacity against China. R S Chauhan reports.
Reader Satyaprakash N. Kandare sent us a picture of M S Gill.
Russia's Permanent Representative Vassily Nebenzia told an emergency UN Security Council meeting following the attack on the Zaporizhzhya nuclear plant in Ukraine, that radicals and extremists in Ukraine 'were and are' under the 'close guardianship and protection' of Western nations.
Tim Cook, CEO of Apple, recently stated that he sees India in the same position that China was seven to ten years ago
As campaigns against Chinese brands intensify and the virus keeps people indoors, Vivo plays it slow with a digital-first launch plan.
Trump said the spread in the United States of mobile applications developed and owned by the companies in China continues to threaten the national security, foreign policy, and economy of the country.
Not only is this hidden from the user, it's often unrelated to the app's purpose.
About 300 fintech firms are under investigation by the ED for allegedly partnering 38 non-banking financial companies for predatory lending practices to charge borrowers high interest rates.
It would be a chance lost if India cannot learn from and lean more on China to kick-start trade, infrastructure programmes, and increased ties, says Ravi Agrawal
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
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