Chinese Investment In India
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Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
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Advantage Tesla In India As Chinese Automakers Face Heat
Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi.
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Union Minister Says India Open To Chinese Investment: Report
India is open to Chinese investment despite border clashes between the two countries, the Deputy Minister for Information Technology Rajeev Chandrasekhar told the Financial Times in a report published on Wednesday.
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Conmen Using Foreign Numbers For Committing Cybercrimes: Chattisgarh Cop
Nigerian nationals and Chinese gangs are allegedly trapping innocent people on the pretext of offering money for performing easy tasks online or on the promise of lucrative returns by investing in cryptocurrencies, said a police officer.
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Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
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Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. The government last week ordered blocking of 232 apps operated by overseas ent...
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To Help Firms Relocate To India, Centre May Review Stance On Chinese Investments: Report
Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second-largest economy grapples with a surge in COVID-19 infections.
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Rs 903 Crore Investment Fraud Spanning China, Taiwan Detected In Hyderabad
A Chinese investment fraud to the tune of Rs 903 crore across India, China, Taiwan, Cambodia and UAE, has been busted by the Hyderabad police. Ten people -- including a Chinese and a Taiwanese national -- have been arrested.
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Enforcement Directorate Begins Money Laundering Probe Into 'Keepsharer' Chinese App That Duped Youth
The Enforcement Directorate said on Monday that it has launched a probe into a Chinese "controlled" mobile app that allegedly duped a number of youngsters in the country. The agency stated that it had seized funds worth Rs. 5.85 crore in raids on least 12 entities in Bengaluru linked to "Chinese controlled" mobile app Keepsharer. The agency claims ...
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Chinese Loan Apps Probe: Funds Worth Rs 46 Crore Frozen In Paytm, Razorpay, Others
The Enforcement Directorate today said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.
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"India Keeps An Eye": Centre On Chinese Investments In Nepal
Indian government always keeps an eye on any activity which impedes the defence and security of the country and take required measures, MEA spokesperson Arindam Bagchi said.
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Sri Lanka Crisis To Have 'Big Impact' On Chinese Investments,Ties
While China has so far maintained a conspicuous silence on the dramatic fall of Sri Lanka's pro-Beijing Rajapaksa brothers, experts have warned that the current chaos in Colombo will have a "big impact" on the country's close ties.
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Realme Buds Air 3 to Be Manufactured in India as Company Invests Nearly Rs. 27 Crore for Local Production
Realme Buds Air 3 will now be manufactured in India, the Chinese company announced on Friday. It has partnered with Noida-based KHY Electronics to locally produce the TWS earbuds in the country.
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No New Chinese Investment, India Helped To Maximum: Lanka Ex PM
Former Prime minister of Sri Lanka Ranil Wickremesinghe on Sunday accused the incumbent government of plunging the country into a deep economic and political crisis with its "incompetence in dealing with the financial challenges".
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India Could Ease Curbs On Some Chinese Investments Soon: Report
India is considering easing scrutiny on certain foreign direct investment, according to people familiar with the matter, after rules mainly aimed at China created a bottleneck for inflows.
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Foxconn to Invest Over $1.5 Billion in India; Sent Chinese Engineers to Train Workers This Year: Reports
Apple supplier Foxconn will invest over $1.5 billion (roughly Rs. 12,500 crore) in India as the company looks to expand production of Apple's iPhone in the country, according to a report. The move comes a year after the Taiwanese firm's factories in China were severely impacted by the country's strict COVID-19 restrictions in 2022. The company also...
-
Advantage Tesla In India As Chinese Automakers Face Heat
Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi.
-
Union Minister Says India Open To Chinese Investment: Report
India is open to Chinese investment despite border clashes between the two countries, the Deputy Minister for Information Technology Rajeev Chandrasekhar told the Financial Times in a report published on Wednesday.
-
Conmen Using Foreign Numbers For Committing Cybercrimes: Chattisgarh Cop
Nigerian nationals and Chinese gangs are allegedly trapping innocent people on the pretext of offering money for performing easy tasks online or on the promise of lucrative returns by investing in cryptocurrencies, said a police officer.
-
Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
-
Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. The government last week ordered blocking of 232 apps operated by overseas ent...
-
To Help Firms Relocate To India, Centre May Review Stance On Chinese Investments: Report
Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second-largest economy grapples with a surge in COVID-19 infections.
-
Rs 903 Crore Investment Fraud Spanning China, Taiwan Detected In Hyderabad
A Chinese investment fraud to the tune of Rs 903 crore across India, China, Taiwan, Cambodia and UAE, has been busted by the Hyderabad police. Ten people -- including a Chinese and a Taiwanese national -- have been arrested.
-
Enforcement Directorate Begins Money Laundering Probe Into 'Keepsharer' Chinese App That Duped Youth
The Enforcement Directorate said on Monday that it has launched a probe into a Chinese "controlled" mobile app that allegedly duped a number of youngsters in the country. The agency stated that it had seized funds worth Rs. 5.85 crore in raids on least 12 entities in Bengaluru linked to "Chinese controlled" mobile app Keepsharer. The agency claims ...
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Chinese Loan Apps Probe: Funds Worth Rs 46 Crore Frozen In Paytm, Razorpay, Others
The Enforcement Directorate today said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.
-
"India Keeps An Eye": Centre On Chinese Investments In Nepal
Indian government always keeps an eye on any activity which impedes the defence and security of the country and take required measures, MEA spokesperson Arindam Bagchi said.
-
Sri Lanka Crisis To Have 'Big Impact' On Chinese Investments,Ties
While China has so far maintained a conspicuous silence on the dramatic fall of Sri Lanka's pro-Beijing Rajapaksa brothers, experts have warned that the current chaos in Colombo will have a "big impact" on the country's close ties.
-
Realme Buds Air 3 to Be Manufactured in India as Company Invests Nearly Rs. 27 Crore for Local Production
Realme Buds Air 3 will now be manufactured in India, the Chinese company announced on Friday. It has partnered with Noida-based KHY Electronics to locally produce the TWS earbuds in the country.
-
No New Chinese Investment, India Helped To Maximum: Lanka Ex PM
Former Prime minister of Sri Lanka Ranil Wickremesinghe on Sunday accused the incumbent government of plunging the country into a deep economic and political crisis with its "incompetence in dealing with the financial challenges".
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India Could Ease Curbs On Some Chinese Investments Soon: Report
India is considering easing scrutiny on certain foreign direct investment, according to people familiar with the matter, after rules mainly aimed at China created a bottleneck for inflows.
