Should we not stop uncritically celebrating NRIs' elevation without regard to what kind of companies they are getting to run, and the nature of their products or business practices, asks T N Ninan.
The photo published by the People's Liberation Army Air Force showing a long-range strategic bomber flying within visible range of Yushan, Taiwan's highest mountain, has caused great concern in Taiwan amid debate about whether the mainland will reunify the island by force, state-run Global Times reported.
'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
The share of foreign companies in private sector investments, directed towards building new factories and other facilities, has declined over the past six months. A mix of large domestic announcements and relatively lower growth in foreign capital expenditure (capex) plans have played a role, although foreign investments remain near record levels. The share of foreign companies in the overall private sector investments over the four quarters ended June 2023 has dipped to 14.9 per cent, as shown by a Business Standard analysis of data from the project tracker Centre for Monitoring Indian Economy.
State-run MTNL is exploring investment opportunities in Chinese telecom companies and also scouting Nigeria and Sri Lanka for investment or joint ventures in the wireless segment, the Rajya Sabha was informed on Monday.
These Chinese devices are flooding the Indian markets with latest innovations and designs not to mention very affordable rates. Apple, Samsung, Nokia, Sony, LG and all Indian brands beware!
The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
Hyderabad-based Gold Stone Group, which sells BYD buses in the country, is setting up a greenfield manufacturing facility at a cost of around Rs 200 crore
Due to the massive short supply of Paxlovid, demand for Indian generic versions has gone up through Chinese e-commerce platforms.
To future CA aspirants, this is what Sanskruti and Shruti Parolia would like to say: 'The journey is long and tough. Be consistent and persistent. The end result will be rewarding.'
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
'This reluctance to respond forcefully to Chinese PLA provocations and outright aggression has as much to do with Prime Minister Modi personally, as with the institutional mindset of the MEA or even the Indian Army.' 'They are scarred by the 1962 War and are still cowed by China.'
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
Internet, tech, infra, realty in India might gain
One of India's largest business conglomerates, the Tata Group, is all set to replace Chinese mobile manufacturer Vivo as the Indian Premier League's title sponsor from this year.
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies worldwide.
The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.
Ola did not disclose financial details of the investment.
Singh, accompanied by Army Chief Gen Manoj Pande, also carried out a comprehensive review of India's military preparedness along the Line of Actual Control (LAC) in Arunachal Pradesh and lauded the troops for guarding the border with "unwavering commitment and unparalleled courage."
'How can a journalist be accused of terrorism when there is no overt act of terror committed?'
Twenty Chinese mainland companies, including four newcomers, have made it to this year's elite list of Fortune Global 500 companies.
Chinese companies invested $3.62 billion in non-financial sectors overseas in 2004, an impressive growth of 27 per cent year-on-year, the ministry of commerce said in Beijing.
'Our armed forces are prepared for any eventuality, and God forbid if the balloon goes up, people will get a bloody nose from us'
The smartphone category as a whole was expected to spend around Rs 1,000 crore on marketing and promotional activities over the next six months, even as India unlocks gradually, said media industry experts. This spending is expected to come down, as firms temper their launches.
China and India have become the two strongest driving forces for the world's economic growth.
On seeing them, Gandhi got off his vehicle, walked up to them and shook hands with several people in the crowd.
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown.
ONGC Videsh Ltd, the overseas arm of India's largest oil producer, Oil and Natural Gas Corporation, is holding talks with the Iranian government for exploring an oil block in the northern part of the country. Chinese company Sinopec is also believed to be in the race for the block. This could not be independently confirmed. The block is near the Caspian Sea.
The US is learnt to have asked Israel to sever ties with China, especially in areas with security risks.
He is widely admired for maintaining an almost military like discipline and is not known to smoke or drink
The company will transfer its 50% stake in its JV firm, NTPC-Orchid Pharmaceuticals to NCPC for a total cash consideration of USD 13.9 mn.
Seeking to enhance its share in the Chinese market, Dell Inc has announced the launch of Direct2Dell Chinese blog site, becoming the first computer systems company to open a corporate blog in Mandarin.
Daniel Zhang will be promoted to the executive chairman on September 10, 2019, while Ma remains a director on Alibaba's board.
The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
As the economy slows, Chinese companies are under lots of pressure.
Khan's visit evoked considerable interest in Beijing as it comes in the wake of his past criticism of the USD 50 billion China-Pakistan Economic Corridor projects and remarks by his ministers to cut down some of the projects over debt concern.
Indian policymakers are almost alone, alongside the United States, in seeking a hard and multi-sectoral global decoupling from China in the expectation that it will boost their economies, observes Mihir S Sharma.
