Beijing/UNI: China's yuan has hit fresh record lows against the surging US dollar.
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.
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.
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.
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 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.
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.
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.
New Delhi: Paytm Payments Bank on Monday refuted media reports which claimed that data leak to Chinese firms are completely false, inaccurate and unverified.
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.
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.
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.
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.
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.
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.