Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China.
Inventories of rare earth magnets used in critical automotive components - particularly electric vehicle (EV) traction motors and power steering systems - could run dry by mid-July this year, according to rating agency Icra.
'The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM'
The closing of the transaction is subject to receipt of applicable regulatory approvals in China.
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector. Sanofi's partnerships with Dr Reddy's, Cipla, and Emcure, AstraZeneca and Mankind Pharma - teaming up for asthma medication distribution - are a few instances of this trend. This strategy allows MNCs to leverage established Indian networks and reach a wider audience. Indian companies also benefit from global brands and expertise, say analysts.
The customs officials, based on an intelligence input, halted a Malta-flagged merchant ship -- CMA CGM Attila -- at the port en route to Karachi on January 23 and inspected the consignment, which included a Computer Numerical Control (CNC) machine, originally manufactured by an Italian company.
As Chinese medical facilities in Beijing, Shanghai and other parts of China struggle to cope with the surge in coronavirus cases, Xi is missing from action.
Reports this weekend have claimed Bale will put pen to paper on a three-year deal with Jiangsu and earn a staggering one million pound per week as he leaves Real Madrid following a six-season stint during which the winger has won four UEFA Champions League titles and the 2017 La Liga crown.
The former British colony also reported COVID-related 87 deaths taking the overall toll to 3,729, the report said.
In his fresh directive, Xi said that more targeted patriotic health campaigns should be conducted as the country's COVID-19 epidemic prevention and control faces new situations and new tasks.
News of all that's transpired on and off the football field
Shanghai on Monday reported 425 confirmed and 8,581 asymptomatic domestically transmitted cases, the highest daily increases since the latest outbreak, bringing the total number of COVID-19 infections in the city to over 60,000.
Spring is here! The cherry blossoms have bloomed. The famous flowers are blooming around the world. The results are always stunning, and the frenzy for the beloved flowers can't be understated. Check out the blooms in the photos below:
The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.
Chinese President Xi Jinping on Tuesday visited an exhibition of the Communist Party, appearing in public for the first time after his return from the SCO summit on September 16, which sparked rumours about his absence from the limelight ahead of next month's key Congress of the ruling party.
China has reported the first case of human infection with the H10N3 strain of bird flu from the country's eastern Jiangsu province, China's National Health Commission said.
Gareth Bale returns to his former club on a one-year loan deal, with British media reporting that Tottenham Hotspur will pay 20 million pounds ($25.8 million) in wages and fees for the 31-year-old Wales forward.
Hail and rainstorm killed 160 people in 11 provincial regions, mainly along the mighty Yangtze River and its distributaries, and have left 28 missing, state-run Xinhua news agency reported.
According to the findings of the phase 1/2 randomised clinical trial, published in The Lancet Infectious Diseases journal, the vaccine candidate could induce an antibody response in participants within 28 days of the first immunisation, by giving two doses 14 days apart.
One Chinese source informed ANI that 10 million new infections are probably occurring daily in China.
A popular Chinese blogger, detained earlier this year for his comments regarding military casualties of Galwan valley clash with India, has been sentenced to eight months in prison.
The delegation also met Karnataka Chief Minister N Dharam Singh and said that there was good scope for bilateral co-operation with Karnataka in the IT sector and other regions.
Fighting the coronavirus pandemic is hard, in fact it seems impossible. Doctors, nurses, carers and paramedics around the world are facing an unprecedented workload in overstretched health facilities, and with no end in sight. They are working in stressful and frightening work environments, not just because the virus is little understood, but because in most settings they are under-protected, overworked and themselves vulnerable to infection. The risk to doctors, nurses and others on the front lines has become plain: Italy has seen at least 18 doctors with coronavirus die. Spain reported that more than 3,900 health care workers have become infected. In dire times such as these, people are trying their best to show their appreciation to the frontline workers. Here are some images -- from clapping for them to singing for them.. A 'thank you' in any way goes a long way around.
China's ruling Communist Party has appointed Wang Junzheng, sanctioned by the US, Britain, EU and Canada for his alleged role in the human rights violations against Uygur Muslims in Xinjiang, as the head of its party unit in the sensitive Himalayan region of Tibet.
Guangzhou Evergrande began the defence of their Chinese Super League (CSL) title with a 2-0 victory against Shanghai Shenhua as the delayed 2020 campaign, revamped due to the COVID-19 pandemic, finally kicked off over the weekend.
The 30-year-old is out of favour with Real and manager Zinedine Zidane has said the club are "working on his departure".
Indian ace shuttler HS Prannoy produced a remarkable performance as he breezed past Malaysia's Joo Ven Soong to progress through to the second round of the China Masters here on Tuesday.
Sixty-five workers were killed and over 100 others injured today when an explosion ripped through a metal factory in China's eastern Jiangsu Province, causing widespread damage to the sprawling industrial unit.
Support from the committee gives Xi an indefinite extension on the reins of power, which will surely result in hawkish and insular policies. It does not bode well for relations with the USA, or with anyone else who does not bow the knee to Beijing, for that matter.
The phase 3 trial findings indicate that Covaxin induces a robust antibody response with no severe vaccine-related adverse events or deaths reported among the trial participants, the authors of the study said.
As the world struggles with the deadly coronavirus, there are some who are dealing with the pandemic in their own unique way. Here are 12 images that show how.
These 10 images prove that it's an odd, odd world.
Fan Bingbing, who has been ordered to pay $130 million (Rs 952 crore) for tax evasion, was reportedly kept at a "holiday resort" used by investigators in a suburb in the coastal province of Jiangsu.
In this village of Huaxi, a booming market town of 36,000 in the affluent eastern province of Jiangsu, every family has at least one house or villa, two cars and $250,000 in the bank.
China has built over 16,000 kms of high-speed train tracks connecting most of the major cities.
Foxconn Technology Group will invest $210 million to build an Apple production line in October in east China's Jiangsu province, local officials said.
The elite Standing Committee of the politburo consists of the top leadership of the Communist Party of China, but no woman has ever held a post in the committee.
World Cup-winning coach Marcello Lippi added the Chinese Super League title to his long list of honours after a late goal by Gao Lin meant Guangzhou Evergrande became the first side to retain the title.
Tata Motors owned Land Rover is likely to be manufactured in China, through a joint venture with Chinese automobile major Chery Automobile Co Ltd, and is awaiting final clearance, a report said.
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