Diamonds are China’s new best friend and as a result fast becoming a bone of contention between the two nations. India has since years been at the forefront of the world’s diamond business. Age old ties with diamond mining companies in Africa such as De...
In order to regulate hot money from entering India and increase the transparency of foreign funds the Department of Industrial Policy and Promotion (DIPP) has issued a new rule. Henceforth, while investing in India, individual FII’s will have...
Cotton is the new iron ore. Just as a spurt in the domestic demand of iron ore jolted Indian tax authorities to up duties on iron ore exports to China, similarly following rising domestic prices, duties have been imposed on cotton exports to the middle kingdom. With...
Chinese automaker Shanghai Automotive Industry Corporation (SAIC) will soon get a say in shaping the burgeoning Indian auto market as representatives of SAIC will sit on the board of General Motors India. The re-organisation of GM India’s board is due to a new...
Two days before the BRIC countries meet in the Brazilian capital of Brasilia to discuss issues from food to financial security, the Asian Development Bank has released its Asian Development Outlook 2010, a look at the economic performance, prospects,...
The largest concrete machinery manufacturer in the world, China based Sany group inaugurated their first manufacturing facility at Pune, India. This is the group’s first manufacturing facility outside China, in the Asia-Pacific region. Built with an investment...
