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India-China Relations Remain Strained: No Improvement Despite Talks, Says MEA

India-China Relations Remain Strained: No Improvement Despite Talks, Says MEA

Fri, Jan 19, 2024

In a recent briefing, MEA Spokesperson Randhir Jaiswal states that India-China ties are not normal. Emphasises ongoing diplomatic and military-level discussions for peace along the border.

China Earthquake: Northwest China Earthquake Leaves 116 Dead, Rescue Efforts Underway

China Earthquake: Northwest China Earthquake Leaves 116 Dead, Rescue Efforts Underway

Tue, Dec 19, 2023

A powerful earthquake measuring 6.2 on the Richter scale struck northwest China's Gansu and Qinghai provinces on December 18th night. Tragically, at least 116 lives have been lost, with 105 fatalities in Gansu and 11 in Qinghai. The quake injured over 230 people and caused widespread damage, including collapsed houses, damaged roads, and disrupted power and communication lines. Search and rescue operations are ongoing in affected areas.

Did Italy PM Giorgia Meloni Pull Out Of China's Belt and Road Initiative in Favor of India?

Did Italy PM Giorgia Meloni Pull Out Of China's Belt and Road Initiative in Favor of India?

Thu, Dec 07, 2023

In a major setback for China's global ambitions, Italy has abruptly withdrawn from the Belt and Road Initiative, the country's signature infrastructure project. This surprise move has sparked speculation about Italy's potential shift towards India, a country with which it shares growing economic and political ties.

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China clampdown on overseas deals crimps Asia Pacific M&A volumes in 2017

China clampdown on overseas deals crimps Asia Pacific M&A volumes in 2017

Fri, Dec 29, 2017

Chinese companies have faced lengthy approvals for their outbound deals after Beijing tightened capital controls late last year in an effort to stabilize a weakening yuan.

Global Markets: Bumper year for stocks and commodities, downer for the dollar

Global Markets: Bumper year for stocks and commodities, downer for the dollar

Fri, Dec 29, 2017

Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from taking away the monetary punch bowl.

Gold set for best year since 2010, mainly driven by a softer dollar

Gold set for best year since 2010, mainly driven by a softer dollar

Fri, Dec 29, 2017

Gold benefited from a technically-driven momentum after closing above its 100-day moving average on Wednesday for the first time since late November, analysts said.

China expects 2018 industrial output to grow around 6 percent

China expects 2018 industrial output to grow around 6 percent

Mon, Dec 25, 2017

The nation`s industrial output is also expected to rise about 6.5 percent this year, which would be the first gain in the growth rate since 2010.

ADB lowers India's 2017 growth outlook to 6.7%

ADB lowers India's 2017 growth outlook to 6.7%

Wed, Dec 13, 2017

The recovery in the Indian economy "is more subdued than assumed earlier due to rising crude oil prices, soft private investment growth, and weather-related risks to agriculture," the ADB said.

WTO losing trade focus, too easy on some developing nations: US

WTO losing trade focus, too easy on some developing nations: US

Tue, Dec 12, 2017

US Trade Representative Robert Lighthizer, who has said he does not want major agreements out of the meeting, voiced concern that the WTO was becoming a litigation-centered organization.

Russia urges India to line up behind China's Belt and Road initiative

Russia urges India to line up behind China's Belt and Road initiative

Mon, Dec 11, 2017

India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part of the Belt and Road initiative. Russian Foreign Minister Sergei Lavrov, however, said New Delhi should not let political problems deter it from joining the project, involving billions of dollars of investment, and benefiting from it.

China's Sinopec looking to sell Nigeria business: Sources

China's Sinopec looking to sell Nigeria business: Sources

Wed, Dec 06, 2017

Sinopec and other oil groups including China National Petroleum Corporation and CNOOC made large acquisitions between 2009 and 2013 with the help of low-cost loans from Chinese state-owned banks.

China's Xiaomi seeks bank pitches for 2018 IPO: Sources

China's Xiaomi seeks bank pitches for 2018 IPO: Sources

Wed, Dec 06, 2017

Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

India can grow faster than China, says NITI Aayog VC Rajiv Kumar

India can grow faster than China, says NITI Aayog VC Rajiv Kumar

Tue, Dec 05, 2017

Kumar's emphasis on India taking over the baton of higher growth from China whose economy is on a slowdown after posting double digit growth rates for over three decades, comes in the backdrop of the global economy staging a recovery. "Now India must follow suit. For that we need to focus on and achieve higher rate of growth of employment," he said.

Baba Ramdev's Patanjali Ayurved to invest into solar power business

Baba Ramdev's Patanjali Ayurved to invest into solar power business

Tue, Dec 05, 2017

“Getting into solar is in line with the swadeshi movement. With solar, each household in India can have power supply, and we are here to make that happen,” Acharya Balkrishna, managing director of Patanjali Ayurved, said in an interview.

China launches land exploration satellite

China launches land exploration satellite

Sun, Dec 03, 2017

The satellite, which will be mainly used for remote sensing exploration of land resources, was launched from the Jiuquan Satellite Launch Centre in the Gobi desert at 12.11 p.m., reports Xinhua news agency.

Microsoft's Skype pulled from Apple, Android China app stores

Microsoft's Skype pulled from Apple, Android China app stores

Wed, Nov 22, 2017

Apple, responding to questions about Skype`s absence, said it had removed several internet phone call apps from its App Store in China after the country`s government said they violated local laws.

China to step up property market regulation to avoid bubble risk

China to step up property market regulation to avoid bubble risk

Tue, Nov 21, 2017

China`s housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the government taking strong measures since late 2016 to curtail speculative purchases.

Asia stocks falter as weakness in China markets dim mood

Asia stocks falter as weakness in China markets dim mood

Mon, Nov 20, 2017

Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse. MSCI`s broadest index of Asia-Pacific shares outside Japan extended losses and was down 0.2 percent.

Alibaba goes offline with $2.9 billion stake in China's top grocer

Alibaba goes offline with $2.9 billion stake in China's top grocer

Mon, Nov 20, 2017

Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

Fri, Nov 17, 2017

Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp.

Nissan's Infiniti to start producing new SUV in China next year

Nissan's Infiniti to start producing new SUV in China next year

Fri, Nov 17, 2017

Nissan Motor Co`s <7201.T> premium brand Infiniti will start producing a new crossover SUV in China next year, using existing manufacturing capacity in the northeastern city of Dalian.

China aims to stop renewable energy being wasted by 2020

China aims to stop renewable energy being wasted by 2020

Tue, Nov 14, 2017

Power from wind, solar and hydro plants is often wasted as there is not enough transmission capacity to absorb it, leading to high curtailment rates, especially in northwestern China.

Xiaomi closes in on Samsung's lead in Q3 smartphone shipments in India

Xiaomi closes in on Samsung's lead in Q3 smartphone shipments in India

Fri, Oct 27, 2017

Samsung and Xiaomi shipped 9.4 million and 9.2 million units, respectively and accounted for almost half of the total market in India.

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