India added only 827 megawatt of solar power generation capacity in the first three months of the current financial year, indicating a slow start to the yearly program. The addition of the first three months represents only 8.27% of the 10,000 megawatt that it is supposed to come online this year. According to India’s ambitious […]
Glaucus Research Group, a California-based short seller, said it was selling Hong Kong-listed developer Fullshare Holdings due to peculiar trading patterns seen in the stock’s counter. “Fullshare is supposedly a commercial and residential property developer, but this business is tiny compared to its market capitalization. In FY 2016, Fullshare generated a paltry RMB 132 million […]
India’s ministry of power has set up a committee to examine concerns around the participation of Chinese companies in the country’s fast-growing transmission sector. Since large Chinese firms typically have close ties to the Chinese government, concerns have been raised by both Indian companies as well as some security experts about letting them manage large […]
The government of India said it cannot seek to slow down imports of solar power generation equipment from China as it has to watch out for the interests of Indian consumers as much as those of Indian industrialists. Responding to questions from the opposition in Lok Sabha on why India was not taking action to help the […]
China’s LOVE brands — Lenovo, Oppo, Vivo and Xiaomi — will have to introduce cheaper models in 2017 to continue their strong growth in India, CyberMedia Research said in a report. The reason? India’s replacement and upgrade market — Rs 10,000-13,000 — will no longer be the center of action in 2017 and to continue their growth, […]
Despite a moderation in India’s GDP growth rate in the short term due to cash crunch, the Indian economy will still grow faster than that of China, global ratings agency Fitch said. “We still expect India’s GDP growth to trend higher than China’s in the medium term,” said the agency, whose primary job is to […]
India may have emerged as a key supplier of generic and affordable medicine for the world market, but it has an “overwhelming dependence” on China for the raw material required to produce these drugs, industry association Assocham said. Indian companies depend on China to supply them with the main raw material in drug making — […]
Fitch Ratings said in a new report that pessimism over China’s short-term outlook is overdone and a growth pick-up in the second half is already in the pipeline. ‘But expectations for the economy’s growth potential in the medium term are shifting lower as the scale of the restructuring challenge becomes clearer,” it said. Global capital […]
In the midst of debate on the impact of slowdown in the Chinese economy on rest of the world, India’s engineering exports have started witnessing a negative fallout with a drop of 36 per cent in export of non-ferrous metals to China in June, 2015, an analysis by the EEPC India has shown. Exports of […]
World’s largest air cooler company, Symphony Limited has agreed to acquire Munters Keruilai Air Treatment Equipment (Guangdong), China, the Indian company said. “MKE is a market leading brand in China, producing energy-saving and environment-friendly evaporative air coolers under brand Keruilai,” said Symphony, a household name in India. MKE came into existence in 2011 as a […]
The United States has filed a ‘request for consultations’ with China at the World Trade Organization regarding “certain measures that allegedly provide export-contingent subsidies to enterprises in several industrial sectors.” The WTO said these sectors include textiles, agriculture, medical products, light industry, special chemical engineering, new materials, and hardware and building materials. “According to the […]
China has started work on examining if it can modernize two railways stations in India – Baiyyappanahalli in Bangalore and Bhubaneswar in Orissa – under an agreement signed in September, the ministry of railways said. In September, China and India signed an agreement facilitating Chinese help in increasing the speed on India’s railway network, modernizing […]
After Xiaomi, Oppo and Gionee, it’s the turn of Chinese smartphone maker Vivo to have its phones made available in India. The company’s flagship, Vivo Xshot, will be available next week at a price of around Rs 25,000-30,000. Vivo will also launch the cheaper Vivo X3S, priced around Rs 16,000, with a five inch HD […]
Indians first got a taste of what low-cost marketing and production can achieve with the recent launches of Xiaomi Mi 3 and RedMi 1S. But now, one of the original price warriors of India’s handset market and a fellow Chinese brand – Huawei, has taken on the challenge posed by Xiaomi. The company has unveiled […]
