After 11 yrs of on & off talks, India &Australia finally signed phase 1 of ECTA to allow greater flow of goods & services, reducing Canberra’s dependence on Chinese goods.
Estimates of online sales of smartphones show Indians primarily shopped from five brands this October, including 4 Chinese companies Xiaomi, Vivo, realme and Oppo.
A group of ministers set up to promote Indian manufacturing has flagged various ways through which Chinese goods are evading duties and other restrictions.
According to a survey by LocalCircles, only 29 per cent respondents bought Chinese products this year, which is a 19% decline compared to the purchases made last year.
The decision to stop sale of imported goods in canteen store departments is part of efforts to promote local goods. Defence sources say sale of foreign liquor also may follow.
Micromax is the only homegrown company that broke into India’s Chinese dominated smartphone market. But no one came to its rescue when it was in trouble.
Chinese-origin Kenbo bikes are mostly brought to Mizoram from across the border in Myanmar, with law enforcement agencies claiming they are mostly used for smuggling.
The US has been pushing foreign companies to move supply chains out of China, and publicly floated the need for a group of friendly Asian nations that could help produce essential goods.
The chipmaker at the heart of the AI revolution may be the most influential stock in Wall Street history. Nvidia has been the primary driver of the market’s gains since the start of 2023.
ISRO’s LMV3 rocket set off the CMS-03 satellite from Sriharikota Sunday. It weighs 4,410 kg, will primarily serve Indian Navy and has a life of at least 15 years.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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