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China’s exports are faltering and its consumers are spending less at home, the country is flooding the world with cars. Overseas demand for inexpensive vehicles made in China, mostly gasoline-powered models that Chinese consumers now shun in favor of electric cars, is so great that the biggest obstacle to selling more abroad is a lack of specialized ships to carry them. Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train. The companies have also captured large shares of markets in Southeast Asia, Australia, South America and Mexico.

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Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for development of electronics manufacturing and industrial chains was very huge. Speaking to media at a group event in Taipei, Liu said that India would be able to build the ecosystem faster than China, which took 30 years, on the back of experience and new technologies such as AI. “Some of India’s development over the past few years, everyone can see that.

Chinese smartphone brand Realme is looking to expand local manufacturing in India through contract manufacturers several of whom are domestic companies besides asking its global suppliers to set up shop in the country, founder and global chief executive officer Sky Li said. The company aims to fully localize production of hearables and wearables in India after achieving complete local manufacturing of smartphones and televisions, Li said. «In terms of manufacturing, we are working to establish a strong manufacturing ecosystem all across India.

NEW DELHI : Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge. Speaking to reporters at an event in Taipei, Liu said India could build the ecosystem faster than China—which took 30 years—on the back of experience and new technologies such as artificial intelligence (AI). “Some of India’s developments over the past few years, everyone can see that.

India will be an important country in terms of manufacturing in future, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) has said, his latest comment adding to a growing chorus of global voices acknowledging the country's bold moves to position itself as electronics and hi-tech production powerhouse. In an interaction with reporters in Taipei, the top honcho of the Taiwanese electronics manufacturing giant said the development of the entire ecosystem and industrial chain, and opportunities for development in India are «very, very huge opportunities». «If there is no big change, India will be a very important country in terms of manufacturing in the future,» Liu said. In the past, it took 30 years to build the entire supply chain ecosystem in China, he noted, adding that while it will take an «appropriate amount of time in India» and the process will be shorter given the experience.

“We have signed a contract for 56 C295 aircrafts with the Indian Air Force, 40 of these will be fully manufactured, assembled, and maintained out of India,” Maillard told ET adding that the balance 16 aircrafts will come in fly away condition from Spain. “The first C295 aircraft will be delivered to the Indian Air Force this month itself.

A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150 locations across the U.S. The lawsuit filed last we...

₹350 crore was concluded by India Business Excellence Fund IV. Prior to this, India Business Excellence Fund III had invested ₹250 crore in Jan 2020. “This investment reaffirms MOAIAPL’s faith in VVDN and its business model.

Nifty are up nearly 2 per cent in September so far. While the sentiment seems to have slightly improved, the market has to deal with many headwinds in the short term. The risk of inflation is not gone, interest rates are high and central banks have been saying they can still raise rates.

SUV alongside its iconic sedan, marking the first use of the "Century" nameplate for an SUV. This luxury flagship model boasts a distinctive design, spacious interior with advanced features, and a hybrid powertrain delivering 406 BHP and an impressive 69 km all-electric range. The SUV shares LED-infused headlamps with its sedan counterpart, accompanied by a front grille proudly featuring the iconic "Phoenix emblem" at its center.

digital achievements, such as with Aadhaar, DigiLocker and Unified Payments Interface (UPI), senior officials said. The digital public infrastructure (DPI), which also includes platforms such as Bhashini, Open Network for Digital Commerce and e-Sanjeevani, developed under the aegis of the Ministry of Electronics and Information Technology, will also be demonstrated live to the attending delegates, a senior official from the IT ministry said. More than 1,000 delegates are scheduled to attend the two-day G20 meetings. They can use the money credited to the wallets to buy goods from the stalls at the venue of the summit, another IT ministry official said. «This will be a nominal sum to showcase the ease with which digital payments can be done in India.

OTTAWA (Reuters) — Canada's trade deficit with the world narrowed to C$987 million ($722.97 million) in July, as imports were dragged lower by a west coast port strike while exports rose slightly, Statistics Canada said on Wednesday.

ethos exemplified perfectly by Ed-a-Mamma and its founder Alia Bhatt. With sustainability as its core proposition the brand has garnered acclaim for its meticulous attention to detail, using ethically sourced materials and eco-conscious production processes.

₹190 billion for 5 fleet support ships was awarded to Hindustan Shipyard, while Acceptance of Necessity (AoN) worth ₹78 billion was accorded for various platforms. Progress is being made on development and acquisition of fighter aircraft along with a visit by Air Chief Marshal to Hindustan Aeronautics Ltd (HAL). Additionally, successful firing of Astra BVR missile from Tejas, progress on P75I and P76 submarine programmes and guided Pinaka Rocket System is likely to enter final user trials in the next 1-2 months, are among key developments in the sector.

Voltas share price rose over 4 per cent in morning trade on BSE on Wednesday as domestic brokerage firm Motilal Oswal Financial Services reinitiated coverage on the stock with a buy rating, pegging the target price of ₹1,000, implying a 15 per cent upside potential in the stock. "We reinitiate our coverage on Voltas with a buy rating and a target price of ₹1,000 premised on 40 times FY25E earnings per share (EPS), (similar to last 10 years’ one-year forward average price-to-earnings ratio (P/E) multiple, before losses of Voltbek), and ₹38 for Voltbek," said Motilal Oswal. The stock opened at ₹893.45 against the previous close of ₹866.50 and rose 4.10 per cent to hit the intraday high of ₹902.05 in trade so far.

challan number, etc. are correctly filled in the income tax challan. Now, the income tax department has launched a new feature on the income tax return (ITR) portal to correct mistakes in the income tax challan. Do keep in mind that you can only use this feature within seven days of making the income tax payment. If the mistake has to be corrected after seven days, the old process (offline method) has to be followed. According to Milin Bakhai, Associate Partner, N.A. Shah Associates, a Mumbai-based chartered accountancy firm, “The new feature of online challan correction is applicable in respect of challan pertaining to AY 2020-21 (FY 2019-20) and onwards. This means that if an individual is making a tax payment related to AY 2020-21 or any year after that now and a mistake has been made. In such a case, specific corrections can be done online within a specified time period instead of visiting the income tax office.”

A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash.

shopping malls have seen a sharp recovery in sales across pricepoints in the past few weeks during Raksha Bandhan and Onam, raising hopes of strong demand this festive season even though mass segments in electronics and auto stay under pressure. Retailers said the recent sales trend indicates a normal festive period ahead for apparel and discretionary segments that had been struggling for almost a year now. “The last few months have been challenging, but we are now seeing single-digit same-store sales,” said Devarajan Iyer, chief executive of department store chain Lifestyle International. “We have also managed our inventory for the festive season after gauging this demand boost.” The festive season starts with Onam and covers Ganesh Chaturthi, Durga Puja, Dussehra, Diwali and Bhai Dooj. “Onam sales have been strong and our recently opened mall, Forum Kochi, at Maradu has reported best-ever sales and footfall than any mall we have opened so far,” said Muhammad Ali, CEO of Forum Malls, promoted by Prestige Group Bengaluru-based developer Prestige Group. “In Benguluru also, sales momentum has started, and we expect to overcome the last few month’s slowdown during the long festive season,” he said.

NEW DELHI : India has volunteered to man and manage the global repository of all digital public infrastructure (DPI) through an open-source platform, minister of state for electronics and IT Rajeev Chandrasekhar said, adding that there was interest from multilateral institutions, government and non-government organizations to finance the expansion and adoption of DPIs. “The global DPI repository, which would be essentially the platform where all of these DPIs, will be open in open-source manner, shared technology and innovation and be available to the whole world, will be manned by and managed by us.

digital economy ministers of the G20 nations have reached a consensus on the definition, framework and working principles for digital public infrastructure (DPI), minister of state for electronics and information technology Rajeev Chandrasekhar said. «India is now a case study, as a nation that employed and deployed technological tools for progress and growth. Countries that have lagged behind increasingly see this as a way to follow India's lead in DPIs, an open-source digital infrastructure, and use it to create the same impact that India has,» he said. Chandrasekhar was briefing the media on the outcome of a meeting of the digital economy ministers of G20, which had happened in August.