March 03, 2024 18:13 (IST)
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Sikh musician shot dead in suspected hate crime in US | Karnataka CM Siddaramaiah expresses confidence in arresting Rameshwaram Cafe bomber | BJP must win all 42 Lok Sabha seats in Bengal: PM Modi | Gautam Gambhir wishes to quit politics, requests JP Nadda to relieve him of political duties | Delhi court orders Bloomberg to take down 'defamatory' article against Zee

India crosses China as HSBC's third-largest profitable business region

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.

BMW registers robust electric vehicle sales growth in China: Reports

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.

Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry

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.

Moody's downgrades China's credit rating outlook from 'stable' to 'negative'

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.

Walmart increases imports from India to benefit from cheaper imports

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 fall, drag US bourses down after China widens curb on iPhone use

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.

JSW Group in talks with Chinese carmaker to make EVs in India: Report

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.

Govt gets selective with dumping duty, rejection rate jumps 43%: Report

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.

ED issues showcause notices to Chinese phone-maker Xiaomi India's top officials and 3 banks for FEMA violations

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.

Top Tesla execs to visit India to explore supply chain expansion outside China: Report

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.

Apple MixC Shenzhen opens in China

Shenzhen: Smartphone maker Apple on Friday previewed Apple MixC Shenzhen, the second store in this vibrant city.

Airbus to set up new assembly line in China, gets nod for 160 plane order

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 suppliers in China hurry to move out manufacturing capacity; India among top choices apart from Vietnam

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.

China's Alibaba offloads entire stake in Paytm

Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.

Premature to say India will replace China in influencing global economic growth, says Raghuram Rajan: Report

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.