HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.
Beijing: Ratings agency Moody's on Tuesday revised China's credit rating outlook from "stable" to "negative" due to the increasing debt in the world's second-largest economy.
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
Apple stocks fell 4%, triggering a rout in the US stock market, after the Chinese government widened curbs on iPhone use by government officials, Reuters reported.
Mumbai: India's JSW Group is entering into a licensing technology agreement with China’s Leapmotor, to build Electronic Vehicles (EVs) in India, Reuters reported.
New Delhi: As part of India's drive towards self-reliance (Atmanirbhar Bharat), the Finance Ministry is increasingly adopting a discerning approach in applying dumping duties, resulting in a rejection rate of 43 percent since August 2020, TOI reported.
New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.
Amid ongoing trade tensions between the United States and China, companies such as Tesla are quickly understanding the need to redirect their focus away from China.
Shenzhen: Smartphone maker Apple on Friday previewed Apple MixC Shenzhen, the second store in this vibrant city.
Beijing: European aircraft manufacturer Airbus has announced plans to set up a second assembly line in China, with the aim of doubling its capacity in the country and enhancing its presence in the world's second-largest aviation market, Reuters reported.
Apple’s Chinese suppliers may move their capacity out of the country at a quicker rate than expected, to avoid the negative consequences of increasing tensions between Beijing and Washington, according to one of Apple's top partners, Bloomberg reported.
Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.
Former RBI governor Raghuram Rajan said on Tuesday it’s still too early to say that India will influence global economic growth, pushing China down the ladder, a media report said.