By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) -India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy. Financial markets had expected current governor Shaktikanta Das to be handed a second extension when his …
India names Sanjay Malhotra to replace Das as central bank governor Read More »
NEW DELHI (Reuters) – India’s Mahindra and Mahindra said on Saturday it would rename its latest electric car, a significant move after aviation market leader IndiGo sued the automaker for use of its call sign and widely used brand name “6E”. While trademark infringement cases are common in India, legal disputes between big publicly traded …
India’s M&M renames electric car amid aviation giant IndiGo’s trademark challenge Read More »
MUMBAI (Reuters) – India and Bangladesh said on Monday they would pursue constructive relations after months of tensions that have boiled over into protests and confrontations since the ousting of Dhaka’s last leader. Indian Foreign Secretary Vikram Misri travelled to Dhaka in the highest-level mission between the neighbours and trade partners since August, when Bangladesh’s …
Bangladesh, India hope to clear ‘cloud’ over relations as officials meet Read More »
(Reuters) – Indian power producer Continuum Green Energy filed for an initial public offering worth 36.5 billion rupees ($430.26 million) on Monday, as it looks to cash in on the country’s growing clean energy needs. WHY IT’S IMPORTANT The renewable energy sector is rapidly expanding in India, where most power demand is still met with …
Continuum Green Energy files for $430 million India IPO Read More »
MILAN (Reuters) -Hybrid technology will be key for the European expansion of Chinese EV giant BYD amid soft demand for fully-electric vehicles, the special adviser in the region for the manufacturer said on Monday. BYD, China’s top electric vehicle producer, entered Europe’s passenger car market in 2022. It has an aggressive product roll-out plan for …
China’s BYD to focus on plug-in hybrid cars in European expansion Read More »
By Nora Buli OSLO (Reuters) – Russian President Vladimir Putin does not truly understand the destructive power of nuclear weapons, a 92-year-old survivor of the atomic bombing of Nagasaki said on Monday, on the eve of his Japanese survivors’ group receiving the Nobel Peace Prize. Terumi Tanaka was referring to threats made by Putin and …
Nuclear weapons must never be used, Nagasaki survivor tells Putin before Nobel ceremony Read More »
(Reuters) -Chinese beauty brand Mao Geping on Monday set the price for its shares at the top of the range, as it looks to raise $270 million in a Hong Kong initial public offering. The company is selling 70.6 million shares and put a price range of HK$26.30 to HK$29.80 when the deal was launched. …
Chinese cosmetics firm Mao Geping prices shares at top of range in Hong Kong IPO Read More »
SHANGHAI/BEIJING (Reuters) – China’s top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and overtake Ford and Honda. BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring …
BYD on track to top 2024 sales goal and outsell Ford, Honda Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – Chinese companies in the European Union say business conditions have worsened for a fifth consecutive year, with a rise in geopolitical tensions and anti-Chinese sentiment hampering operations, according to a survey published on Monday. The survey for the China Chamber of Commerce to the EU, carried out by consultants …
Business conditions tougher, Chinese firms in EU say, amid global tensions Read More »
BEIJING (Reuters) – Chinese electronics maker Xiaomi said on Monday that it expects to launch its first SUV, the YU7, next June or July as it ventures deeper into China’s competitive auto market. The company announced the launch on China’s social media platform Weibo alongside an image of the YU7 parked beside its first electric …
China’s Xiaomi to launch new SUV next summer amid rising demands Read More »
