New Delhi/IBNS: The Indian government wants to keep the Chinese investors away from the IPO of Indian insurance giant Life Insurance Corp (LIC), Reuters reported citing four senior government officials and a banker.
Kolkata/IBNS: Former Engineering Export Promotion Council (EEPC) Chairman Ravi Sehgal has said that meeting the EN124 standard that is designed to ensure the safety, compatibility, and consistency of sanitary castings will help promote the export of cast iron, ductile iron and sanitary castings.
Canberra: After completing consultation with wine exporters, Australia is now planning to launch its second World Trade Organisation action in its year-long $20 billion trade dispute with Beijing, media reports said on Sunday.
Moscow/Sputnik: Turkey became the fourth country outside China to have a production facility of the Chinese tech giant Xiaomi after a manufacturing plant was opened in Istanbul, the Anadolu news agency reported on Monday.
Beijing/IBNS: The Chinese government has asked the Ali Alibaba group to sell some of its media assets over concerns of its growing impact on public opinion, said media reports.
New York: Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.
New Delhi/IBNS: In a shocker for India, the financial condition of which has taken a beating due to Coronavirus pandemic, the International Monetary Fund (IMF) has forecasted that the per capita Gross Domestic Product (GDP) of the Asian giant could trail behind its neighbour Bangladesh this year.
Male: Maldives may soon scrap Free Trade Agreement (FTA) with China to protect its trade relationship with other countries, media reports said.
Tokyo/IBNS: Japan has said it will give subsidies to its manufacturers who shift base from China to India or Bangladesh, as part of its plans to diversify supply chains, media reports said.
New Delhi/IBNS: Indian state-owned refiners have stopped importing crude oil from China-linked companies, a Reuters report said, adding that the development is linked to the restrictions imposed by New Delhi on imports from countries it shares common borders.
New Delhi/IBNS: Goods from several US companies made in China, including those from Apple, Dell and Cisco, are held up in Indian ports amid heightened border tension with China, said a Reuters report.
Mumbai/IBNS: Amid the growing anti-China sentiment and call for boycott of Chinese goods in the country, the Maha Vikas Aghadi government has frozen three Chinese projects worth Rs. 5,000 crore, media reports said.
Mumbai/IBNS: As the anti-China sentiment is growing massively in India following the standoff between the soldiers of the two nations in the border, mobile phone company Oppo cancelled the live launch of its 5G phone in the South Asian country, media reports said.
Mumbai/IBNS: Only Singapore and China, out of top 25 destinations of India's engineering exports, could manage a positive year-on-year growth in April, 2020 while the rest conceded massive contraction up to 91 per cent in some cases, due to a hugely disruptive impact of Covid-19, an EEPC India analysis has shown.
New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.