October 05, 2022 14:44 (IST)
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Congress leaders removed as parliamentary panel heads of home, IT | Encounter breaks out in Shopian soon after Amit Shah reaches Kashmir | PM Modi speaks to Volodymyr Zelenskiy as Ukraine battles Russian forces | Telangana CM KCR to launch National Party tomorrow | 'I am gutted but...': Jasprit Bumrah reacts to missing out from T20 World Cup

Chinese yuan hits record low against USD

Beijing/UNI: China's yuan has hit fresh record lows against the surging US dollar.

Russia to accept rubles and yuan from China for gas imports

Russia's energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of US dollars, AFP reported.

Linking bilateral trade to border tension not a good stance by India, says Chinese diplomat

Kolkata: The Chinese companies are hit by uncertainty and don't feel at ease doing business in India owing to the treatment and the policies of the Indian government, the Chinese Consulate General in Kolkata Zha Liyou Thursday said.

US, Taiwanese companies apply for manufacturing semiconductors in India, says Minister

New Delhi: Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has said companies from  the US, Taiwan and certain European nations  have shown interest in setting up semiconductor manufacturing units in India.

Worsening economy: Jobless Chinese man turns to car boot sales

Beijing: A Chinese man has been forced to invest his life savings of 80,000 yuan (USD 11,785) into selling coffee from the back of his green Suzuki microvan in Beijing, highlighting the tough financial condition in which China is slowly slipping in.

Amazon Kindle to exit China despite phenomenal growth prospects

Amazon is going to withdraw its Kindle business, including its e-readers and e-bookstore, from China, the US-based e-commerce giant announced on its official Wechat account on Thursday, Reuters reported.

ED summons former India head of Chinese phone maker Xiaomi: Report

New Delhi: The Enforcement Directorate Tuesday summoned the former India head of China's Xiaomi Corp Manu Kumar Jain to investigate if the company's business practices conformed with Indian foreign exchange laws, Reuters reported citing sources.

Covid-19: Foxconn suspends production of Apple phones in China's Shenzen as authorities impose lockdown 

iPhone supplier Foxconn has halted production at its China headquarters and Shenzhen sites following COVID-19 lockdown in the region imposed and consequent closure of all non-essential businesses till March 20, media reports said.

Paytm Payments Bank says its data resides within India, claims of Chinese data leak are completely 'false and sensationalist'

New Delhi: Paytm Payments Bank on Monday refuted media reports which claimed that data leak to Chinese firms are completely false, inaccurate and unverified.

Budget 2022-23: Stainless steel MSMEs want reimposition of CVD on China, Indonesia

New Delhi/IBNS: The workers in the stainless steel industry's medium, small, and micro enterprises (MSME) await the imposition of countervailing tax (CVD) on China and Indonesia, as it would fuel the Indian businessmen to proliferate manufacturing.

Govt may ease restrictions on certain Chinese FDI to boost inflow: Report

New Delhi/IBNS: The government may ease restrictions on some foreign direct investment after rules aimed at filtering out Chinese investments hindered inflow, Bloomberg reported.

Chinese FDIs in India only through govt route: Centre

New Delhi/IBNS: The government has amended the FDI policy according to which an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route, Ministry of Commerce & Industry has said.

Rajeev Chandrasekhar blames corporates for rising trade with China

New Delhi/UNI: Union Minister for Electronics and IT Rajeev Chandrasekhar Thursday blamed the corporates for the rise in trade with China, amid the continuing tension at the Line of Actual Control and a 17-months stand-off in Ladakh.

Moody's slashes ratings of several Chinese real estate giants

As many as seven Chinese  real estate giants are facing the trouble to borrow money to repay their debts as US credit rating agency Moody recently downgraded their  credit ratings.

Debt-ridden Chinese chipmaker trying to survive, initiates talks with investors

Chinese chipmaker Tsinghua Unigroup is trying to avoid bankruptcy and currently it is in negotiations with seven potential investors to help resolve the financial crisis, media reports said.