Close on the heels of the Beiqi Foton Motors deal to source engines from Cummins India to manufacture its commercial vehicles in India, Fiat India Automobiles Ltd, an equal joint venture between Italy’s Fiat Group Automobiles SpA and Tata Motors Ltd, announced...
Most global economies including India and the US, have condemned China in the past few years for undervaluing its currency the RMB or yuan, keeping exports cheap and imports more expensive. A more recent and fun survey, conducted by the Economist however measures...
The exact quantum of US debt outstanding is estimated to be around US$ 15 trillion, following the US downgrade by Standard & Poor’s (S&P) from AAA to AA+ earlier this week. Foreign countries own nearly US$ 4.5 trillion of this amount and the emerging...
As the worlds netizens become digital junkies, led by the largest internet populations in China and India, our governments are also gradually gravitating towards social media to actively engage with their always online populace. In the latest shift to virtually...
With India-China bilateral trade jumping ahead year on year leaping towards the targeted US$100 billion mark by 2015, India is also stepping up expansion plans of ports on its Eastern coast. A very short, much more convenient route than across the Himalaya’s and...
Even as the US avoided defaulting and Moody’s and Fitch maintained their rating of AAA on what Putin recently called the parasite of the global economy, a Chinese ratings agency downgraded its U.S. credit rating from A-plus to A. This is the first time that a...
