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China pain spills over for investors, Sensex down 242 points

Last Updated: Friday, August 21, 2015, 23:05

Further sell-off in Chinese stock market continued to give investors anxious moments as the benchmark BSE Sensex lost ground by 242 points to settle at 27,366.07, its lowest close in over two months.

Former Ford Europe COO in US-Chinese electric car project

Last Updated: Friday, August 21, 2015, 09:09

Martin Leach, the former Chief Operating Officer at Ford Europe, is recruiting staff for a new electric car manufacturer based mainly in China and California, the executive told Reuters on Thursday.

Currency devaluation raises question on China's strength: Rajan

Last Updated: Thursday, August 20, 2015, 12:46

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

Pick up in economy, rural demand may rebound: Raghuram Rajan

Last Updated: Thursday, August 20, 2015, 10:34

Reserve Bank Governor Raghuram Rajan on Thursday said there is a pick up in the economy and expressed hope that rural demand will get stronger if the monsoon improves.

'India still far off from turnaround in corporate investment cycle'

Last Updated: Wednesday, August 19, 2015, 19:37

The country remains a 'long way off' from a complete turnaround in the corporate investment cycle despite various positive economic indicators, says a report.

Xiaomi launches MI user interface 7

Last Updated: Wednesday, August 19, 2015, 16:13

As a part of the UI, Xiaomi has integrated games and animations particularly from the domain of cricket and Bollywood.

China stocks extend slide amid warning of severe trade pressure

Last Updated: Wednesday, August 19, 2015, 11:11

Chinese stock markets tumbled for a second straight day on Wednesday as investors crowded the exits, fearing a government campaign to prop up share prices was faltering and unnerved by a steady stream of gloomy economic news.

After Xiaomi, Lenovo to manufacture smartphone in India

Last Updated: Tuesday, August 18, 2015, 16:52

China's Lenovo on Tuesday said it has started making smartphones in India through contract manufacturer Flextronics, as it looks to cut cost to take on competition.

Blast in China: This is what Insurance Companies might need to shell out!

Last Updated: Tuesday, August 18, 2015, 15:37

Chinese insurers across numerous sectors -- property, casualty and life -- will be impacted by the blasts, Credit Suisse analysts wrote in a research note.

Xiaomi sells record-breaking 8 lakh units of Redmi Note 2 in mere 12 hours

Last Updated: Tuesday, August 18, 2015, 09:38

Xiaomi has also made its presence in the Guinness book of World records previously for selling a total of 2.11 million smartphones within 24 hours in China.

Chinese yuan strengthens

Last Updated: Tuesday, August 18, 2015, 08:24

In China`s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Devaluation of yuan to impact handicraft export: EPCH

Last Updated: Monday, August 17, 2015, 14:10

Export Promotion Council for Handicrafts (EPCH) said that Indian products would loose their competitiveness in the global market due to the devaluation of yuan.