The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
Most of the companies are Chinese and surprisingly all are diversified banks.
Investment announcement for $100 bn over 5 years likely.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
Work on a dozen decisions to start by next week.
Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
Based on a complaint by the legal head of the company Abhishek Parsheera, a case under various IPC sections including criminal breach of trust and cheating was registered against the two.
Global warming can cause extreme floods and droughts and can mean snowfall is replaced by rain, with higher evaporation rates.
Total FDI from China in India so far is about $1.24 billion
Chinese Foreign Minister Wang Yi on Sunday met Sri Lanka's top leadership and discussed a host of issues, including the debt crisis faced by the island nation, investments, promoting tourism and the fight against the COVID-19 pandemic as the two countries marked the 65th anniversary of diplomatic ties.
'India will jump 30-40 places in the World Bank ranking of ease of doing business next year.'
'During his visit to Vietnam on September 3 -- the first visit by an Indian prime minister in 15 years -- Modi will notice the widespread anti-China sentiment in that country.'
China accounts for 90% of imports of mobile phones to India.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
The balance sheet of the Reserve Bank plays a critical role in the functioning of the country's economy.
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Indian cities need $840 bn investment over 15 yrs, says World Bank report.
Consumer food price inflation eased to 6.14%.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
Most analysts had predicted a decline in real estate fixed asset investment.
Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.
Investors will maintain a cautious stance.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
There has been an increase of $17 trillion in total debt in China.
According to the report, the demand for materials needed for infrastructure projects like metals, minerals, buildings and transport equipment is expected to increase as the country invests in building its civil infrastructure.
Brushing aside India's concerns, China on Monday cemented its "all-weather ties" with Pakistan by agreeing to build a strategic $46 billion (Rs 2.9 lakh crore) economic corridor through Pakistan-occupied Kashmir as part of 51 deals signed, expanding the communist giant's influence in the region.
India lost fastest growing major economy tag to China in the March quarter with a GDP growth of 6.1%
Sector-wise, pharmaceuticals, transport equipment and textiles will help accelerate overall export growth.
The prejudices the Chinese carry with them mean they are not natural global managers.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
The bank is expected to report a pre-tax profit of $21 bn.
Another sobering number is that the total Chinese investment in India in the past 10 years amounts to $400 million.
'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.'
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
'There will be a series of rate hikes, but the pace and quantum will depend on how the economy in the US and the rest of the world behave.'
RBI seen cutting repo rate 25 bps on Sept 29, says a poll
'No matter how severe sanctions the UN security council imposes on North Korea, the impact of the sanctions would depend on how faithfully they are enforced by China,' says Dr Rajaram Panda.
