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Chinese companies News

04 Aug 2024

MCA To Deregister 400 Chinese Firms In 3 Months Over Fraud

The MCA has been investigating loan apps operating in India especially those involved in predatory lending, fraud or breaching financial rules.

26 Nov 2022

Big blow to Chinese firms! US FCC bans communication and video technology

US Federal Communications Commission (FCC) has prohibited communications equipment and video surveillance technology from China. Chinese companies include Huawei, ZTE, Hikvision, Hytera, and Dahua. In 2020, the Federal Communications Commission (FCC) designated Huawei and ZTE as national security threats to communications networks.

US President Joe Biden

04 Jun 2021

Biden bars US investors from 59 Chinese firms as national security measure

The ban on Chinese companies was put in lieu of the threats posed by the military-industrial complex of the People`s Republic of China The ban would take effect on August 2, but investors can make trades during the next 12 months to divest their holdings Americans are not required to divest the securities, they will be unable to sell their holdings after the one-year period has elapsed, according to the order

09 Sep 2020

Indian toy industry to get a big push after digital strike on Chinese apps

Although Chinese toys are cheap due to poor quality, they are harmful to children Indian firms are not able to compete against cheap toys from China, despite producing the best quality of toys The toy industry in China enjoys government protection, and it also avails of several facilities The Chinese government also provides subsidies and incentives to firms exporting toys

Income Tax raids

11 Aug 2020

I-Tax Dept raids premises of Chinese entities, local contacts

More than 40 bank accounts were created in various dummy entities, entering into credits of more than Rs 1000 crores over the period A subsidiary of Chinese company and its related concerns have taken over Rs 100 crores bogus advances from shell entities for opening businesses of retail showrooms in India Incriminating documents in respect of hawala transactions and laundering of money with the active involvement of bank employees and CAs accountants have been found

18 Jul 2020

7 Chinese companies having links with PLA may face action in India

Chinese global giants like Huawei, Alibaba and others having a direct or indirect link with the Chinese Army and could soon face action in India. These companies are among 7 Chinese companies which the government sources claim having deep links with the People's Liberation Army (PLA).

14 Jul 2020

China multi-billion dollar Iran deal may pose threat to India's Chabahar port

Once the deal is signed, Iran will open its doors for Chinese investment not just in one or two sectors but across the Iranian economy The deal will fundamentally change Iran’s relationship with China. It will put Tehran in Beijing’s corner and India could see its influence diminish overtime The biggest threat is to the Chabahar port. It was seen as India’s counter to the Gwadar port in Pakistan. If China invests heavily in Iran the Chabahar port could lose its relevance

14 Sep 2017

Donald Trump blocks Chinese acquisition of US semiconductor firm

The Trump administration has adopted an aggressive stance towards China on trade and national security matters, launching wide-ranging investigations into the national security ramifications of Beijing`s trade in aluminum and steel.

Forbes top 10 global companies

15 Jul 2017

India home to 50 of the world’s 2,000 powerful companies, no Indian firm in top 100: Forbes

Mukesh Ambani-led Reliance Industries leads the pack of 50 Indian companies in the 2017 Forbes ‘Global 2000’ list.

Chinese companies

03 Feb 2017

Amid Beijing's "Silk Road" splurge, Chinese companies eye Pakistan

Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months.

Chinese companies

28 Oct 2016

'Chinese businesses can make huge profits in India'

Arguing that anxieties of Chinese businesses in investing in India are "overblown", official media today said investors can make "fat gains" by cashing in on the rapid growth in India's manufacturing sector and staying away is indisputably an "unwise choice".

Telecom operator

06 May 2016

No telecom operator has entered into partnership with Chinese firms: Prasad

No telecom operator has entered into partnership with Chinese companies in the communications sector although some foreign firms, including Chinese, have supplied mobile and broadband equipment to them.

13 Jan 2016

Chinese investors make strong pitch for Make-in-India

Officials of some of the leading Chinese companies which have invested in India have made a strong pitch for their local counterparts to step up investments under the Make-in-India campaign.

12 Jan 2016

150 Chinese CEOs to attend India's invest meet in Shanghai

The key focus area where investments are lined up for Chinese companies at the event include smart cities, infrastructure project, power, renewable energy, highways, roads and urban transportation and railways.

GMR Infrastructure

18 May 2015

Chinese companies to set up units at GMR's Kakinada SEZ; invest $3.5 bn

GMR Infrastructure has inked a pact with GIIC of China to set up units at its special economic zone (SEZ) in Andhra Pradesh`s Kakinada, which will attract an investment of $3.5 billion over the next five years, a company statement said on Monday.

27 Feb 2015

China investors top US list of 2013 national security reviews

The report could add to tensions between Washington and Beijing as they negotiate a bilateral investment treaty.

06 Feb 2015

China calculators: Govt extends time to complete dumping probe

The government has extended the time till April for completing a probe into alleged dumping of electronic calculators by Chinese companies.

26 Nov 2014

India asks Chinese cos to set up manufacturing units

India Wednesday asked Chinese companies to invest here and set up manufacturing units to help bridge the widening trade gap between the countries, which stood at USD 36 billion in 2013-14.

25 Nov 2014

China cuts key short-term money rate as Beijing pushes down cash costs

China`s central bank cut the yield for a key short-term money rate on Tuesday for the fourth time this year, as regulators step up efforts to reduce funding pressure on Chinese companies.

Chinese companies

16 Oct 2014

China Inc's spending cuts deepest in six years as economy slows

Chinese companies are on a pace to cut capital spending by around 7 percent this year, the biggest annual reduction since the global financial crisis, deepening an economic chill.

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