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.
Doggedly persisting with its much-criticised zero-Covid policy, China has slipped deeper into the coronavirus quagmire as it reported a record 31,444 infections on Thursday with many of its cities, including Beijing, resorting to community lockdowns to stem the virus amid worsening wintery weather.
Top seed Prajnesh Gunneswaran booked a singles quarter-final berth at the Jinan Open with a hard-fought win over Chinese Taipei's Tung-Lin Wu.
The volunteering students are studying in China, Uzbekistan and Philippines.
General Zhao Zongqi is well known in India for having commanded the Chinese troops during the Dokalam episode. Zhao knows every inch and corner of the Indian border, at least the Eastern and Central sectors, including the Naku La area which witnessed fist-fights between Indian and Chinese troops in April/May. Claude Arpi introduces us to the PLA generals masterminding the Chinese aggression in Ladakh.
Jinan, a Luyang II-class missile destroyer of the Chinese navy, on Monday docked at Mumbai harbour on a stopover while on an anti-piracy mission on the Gulf of Aden.
China's first supercomputer built with "domestically-produced" microprocessors and capable of performing around one-thousand-trillion calculations per second has become officially operational.
India's top cueist Pankaj Advani stormed into the final of the Asian Snooker Tour's second leg event after impressive wins in the quarter-finals and semi-finals.
Candidates seeking positions within local Party committees who are found to have attempted to lobby or bribe voters will invite severe punishment, Zhang Jinan, deputy chief of the Organisation Department of the CPC Central Committee was quoted by official media in Beijing on Tuesday.
Pankaj Advani outclassed China's Ju Reti 6-1 in the final to become the first Indian to win an Asian Snooker Tour event.
Fifty-seven people were killed on the spot and three others died at hospitals, the Jinan Railway Bureau said. Among the injured, the condition of 70 people is critical
China has granted the "national software export base" status to its five more cities, entitling them to special treatment and financial support from the government, as part of its efforts to compete with India.
Just as Hero Honda celebrated being the 'number one two-wheeler company' in the world for the sixth straight year, its numero uno status has been challenged by China South, the state-run bike producer of the Dragon country.
Disgraced former Communist Party leader Bo Xilai was Thursday charged with bribery, embezzlement and abuse of power by prosecutors in China's eastern Shandong Province.
Global food giant Heinz on Monday withdrew some of its products from the Chinese markets as health authorities found that they contained the carcinogenic Sudan-I dye, the state media reported.
World player of the year Zinedine Zidane should retire from international football, former France coach Michel Hidalgo said on Wednesday.
Goalkeeper Yoshikatsu Kawaguchi said he was relishing the challenge of silencing the crowd in the Asian Cup final against China.
Jordan reached the Asian Cup football quarter-finals at the first attempt, finishing second in their group behind South Korea.
'This initiative is not about finding more sponsors or marketing partners. It's about developing elite basketball prospects'
It is equipped with new air defence, anti-missile, anti-ship and anti-submarine weapons.
The National Basketball Association (NBA) has planned to launch NBA AcademyIndia, an elite basketball training centre in the National Capital Region (NCR), next April for the top men and women prospects from across the country.
FC Seoul and Al Nasr inched closer to a place in the semi-finals of the AFC Champions League following comprehensive victories in their respective quarter-final first leg matches on Wednesday.
In its judgment delivered at a packed room, the court sentenced Bo to life in prison on the bribery charges, 15 years for embezzlement and seven years for abuse of power
The total deaths from the more than two-month-old outbreak as reported on Thursday stood at 1,367, with the total number of confirmed cases mounting to 59,804, health officials were quoted as saying by the state-run Xinhua news agency.
Sunil Chhetri led former champions Bengaluru FC to a 1-0 win over East Bengal with his second-half strike that consolidated their position atop the standings in the I-League football at the Vidyasagar Krirangan, in Barasat, on Saturday.
After becoming the first Indian football club to win a AFC Champions League qualifying game, Mohun Bagan coach Sanjoy Sen, on Wednesday, lashed out at the bigwigs of All India Football Federation.
These photos prove we live in an odd, odd world!
A summary of sports events and sports persons, who made news on Wednesday.
Communist China's biggest political trial in decades involving disgraced top politician Bo Xilai ended on Monday on an acrimonious note, with prosecutors demanding "severe" punishment for the defiant pro-Maoist leader who accused a key official witness of having illicit relations with his wife.
Here's this week of photos that prove we live in a mad world.
Just an hour or so from the ones we commonly throng to, they promise a lot more for a lot less.
How China's all powerful Communist party bungled the response to the coronavirus crisis.
While the whole world grapples to contain the spread of the coronavirus outbreak, the sporting world has been brought to a complete standstill. A lot of top sportsperson around the world have also tested positive for COVID-19 as major events like Tokyo Olympics, Formula One, Indian Premier League and the top football leagues in Europe all face long-term suspension.
We bring you a collection of some of the best photographs taken this week by Reuters photographers.
Disgraced Chinese leader Bo Xilai's high-profile trial was abruptly adjourned after prosecutors produced more evidence to nail the former Communist strongman, who in turn described his ex-police chief and a key witness as a "liar with extremely bad character."
A Chinese high court on Friday rejected the appeal of disgraced Communist Party leader Bo Xilai and upheld his life sentence for bribery, embezzlement and abuse of power in the country's biggest political scandal.
Disgraced Chinese leader Bo Xilai on Saturday said he had not acted to stop the embezzlement of government funds by his wife, the first time he has admitted to any of the charges against him since his trial began two days ago.
The international investors who are investing, merging and shaping India's new ecommerce start-ups are betting that if China can produce an Alibaba with an expected market value of $ 170+ billion market value when it does its IPO, India should produce at least one or two with a $5bn+ market value, says Ajit Balakrishnan.
Here's your weekly digest of the craziest and funniest stories from around the world
'There are major implications for India. Though there was a transparently thin attempt to project the troop reduction as intended to promote peace, the downsizing is actually part of plans to streamline and strengthen the PLA, capable of defending China's national interests at home and abroad,' says Jayadev Ranade.
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