Two Indian traders, veteran China hands, were recently hauled up in a Beijing court for non-payment of dues to their local suppliers in Yiwu, a major wholesale supplies city on China’s Eastern sea board. Deepak Raheja and Shyamsunder Agrawal, were taken to court...
A bearish market led by doubts over Indias growth prospects has led the finance ministry to take a rather bold step over the weekend. New Delhi announced that individual overseas investors can now put cash directly into Indian stocks. Qualified foreign investors, or...
Despite rocky markets and turbulent times, China’s Initial Public Offering market has once again eclipsed the US, highlighting the shift in global financial activity from west to east. Companies raised US$73-billion from IPOs in Shanghai, Shenzhen and Hong Kong...
Big ticket India-China deals are picking up pace, a year after China’s premier Wen Jiabao visited India to boost neighborly relations. On Tuesday, Indian trading house Varun Industries said it will sell a 51 percent stake in an on-shore oil block at Madagascar...
An Indian and a Chinese company have formed a 50:50 Joint Venture to export electrical and power equipment to Europe. Havells India and China’s Shanghai Yaming Lighting Co have agreed to jointly set up a manufacturing unit in China with an investment of US$100 million...
