Chery Jaguar Land Rover Automotive Company Ltd a 50:50 joint venture between auto giants in China and India, are setting up a new manufacturing facility in Changshu, 100 kms west of Shanghai with an investment of 10.9 billion RMB or 1 billion pounds (US$1.3...
Indian and Chinese heads of state, ministers and other high ranking government officials are expected to meet at two very influential summits within the next week. The first is the ongoing ASEAN Summit in the Cambodian capital of Phnom Penh and the next the BOAO...
China’s once-in-a-decade power transition was formalized on Thursday with 59-year-old Xi Jinping taking over from President Hu Jintao as the general secretary of the ruling Communist Party. Together with Li Keqiang, who was ushered in as Prime Minister, in...
In a crystal ball moment, the Organisation for Economic Co-operation and Development (OECD) said the combined gross domestic product of China and India was likely to exceed that of all the current Group of Seven rich economies by around 2025. China’s economy is...
Three years in, Shanghai Automotive Industry Corporation (SAIC) has exited from their investment into General Motors India in an all equity deal after the 50:50 joint venture proved unprofitable for the Shanghai auto major. SAIC announced that it had diluted its...
Fueling the consumer boom in India, the media and entertainment industries together are expected to grow at a compounded annual growth rate of 17 percent between 2012 and 2016 to touch Rs.1.75 trillion, according to a report – ‘Indian Entertainment & Media...
