Ember, a global environmental and clean energy organization, has recently revealed alarming statistics about the state of hydropower production in Asia. The region is experiencing its most significant decline in decades, primarily due to China and India significantly reducing their hydropower production. This shift has created a pressing challenge for energy regulators, as they grapple …
Foxconn Technology Group, a renowned global electronics manufacturer and a key supplier to Apple, based in Taiwan, is embarking on a strategic initiative to double its investment and employment in India. This bold move underscores Foxconn’s commitment to reducing its production reliance on China, particularly amid the escalating tensions between the United States and China. …
Foxconn Expands Investment and Employment in India, Aims to Reduce Dependency on China Read More »
India’s Ministry of Statistics has unveiled the latest data on the Consumer Price Index (CPI), a crucial measure of inflation derived from consumer spending. In a noteworthy development, the CPI exhibited a deceleration to 6.83% in August on a year-on-year basis, down from the 7.44% recorded in July, marking the highest level in 15 months. …
In a significant development, the Indian government has announced the imposition of anti-dumping duties on select Chinese steel products for a duration of five years, effective from Monday, September 11. The move comes in response to growing concerns within the Indian steel industry regarding the dumping practices of Chinese traders. As part of its ongoing …
India Implements 5-Year Anti-Dumping Duties on Chinese Steel Imports Read More »
In a move to enhance the adoption of the central bank digital currency (CBDC), commonly referred to as the e-rupee, the Reserve Bank of India (RBI) is gearing up to introduce groundbreaking features in collaboration with various banks. This development aims to significantly increase the popularity and usage of the e-rupee, bringing it closer to …
Reserve Bank of India Unveils Innovative Features to Boost e-Rupee Transactions Read More »
A recent report from research firm BMI has projected that India’s consumer market is on track to secure the position of the world’s third-largest by 2027, ranking behind only the United States and China. Currently holding the fifth spot globally, India is poised for an impressive ascent, driven by an anticipated 29% increase in household …
ONGC, India’s premier oil and natural gas company, has voiced its stance on the importance of India’s oil imports from Russia, asserting that they contribute positively to the global economy. Speaking during the annual Asia Pacific Oil and Energy Industry Conference (APPEC), organized by S&P Global Insights in Singapore, Mr. K.C. Ramesh, Executive Director of …
Indian Oil Company Advocates for Russia’s Oil Imports as Beneficial for Global Economy Read More »
Morgan Stanley, a leading global financial institution, has drawn attention to the divergent investment landscapes in China and India. While China grapples with an abundance of investment and persistent economic challenges, India offers untapped investment potential. Gitania Kantari, Deputy Chief Information Officer for Solutions and Mixed Assets and Managing Director at Morgan Stanley, remarked on …
Morgan Stanley Highlights Contrasting Investment Trends in China and India Read More »
India, one of the world’s leading sugar producers, has sent ripples through the global sugar market with its recent decision to halt sugar exports. The move comes as the country grapples with severe drought conditions brought on by scorching temperatures in the first half of the year, compounded by inadequate rainfall during the monsoon season. …
India Imposes Sugar Export Ban Amidst Drought Concerns: Global Prices at Risk Read More »
India is actively pursuing a strategy to reduce its reliance on Russian crude oil, pivoting back to its traditional Middle Eastern trading partners who are offering more competitive pricing. This shift in energy procurement is driven by changing market dynamics and India’s desire to secure cost-effective oil supplies. Indian Oil Minister Hardeep Puri announced that …
India Seeks to Diversify Oil Sources, Eyes Middle East for Attractive Deals Read More »