New Delhi: Global auto companies are increasingly leveraging India as an export hub with Honda even shipping cars to its home market Japan and Suzuki set to follow suit later this year, driven by a growing base of quality suppliers in the local market that’s helping them manufacture vehicles at a competitive cost in the … Read more
An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The … Read more
U.S. President Joe Biden has called Japan and India “xenophobic” countries that do not welcome immigrants, lumping the two with adversaries China and Russia as he tried to explain their economic circumstances and contrasted the four with the U.S. on immigration. The remarks, at a campaign fundraising event Wednesday evening, came just three weeks after … Read more
Washington: US President Joe Biden has called two of his QUAD partners – India and Japan – and two of his adversaries – Russia and China – “xenophobic” nations, asserting that none of these countries, unlike the United States, welcome immigrants. “This election is about freedom, America and democracy. That’s why I badly need you. … Read more
French automaker Citroen expects India to become its second biggest market after home country in the next five years, for which it will accelerate network expansion besides introducing new products, company global CEO Thierry Koskas said on Thursday. The company will be incorporating learnings from the past few years of its presence in India to … Read more
Kia India announced its partnership with Map My India to offer navigation solutions to its customers nationwide, reported PTI on Thursday. By integrating Map My India’s navigation solutions, Kia aims to provide support to drivers, ensuring easy access to essential services and amenities. The platform’s database covers over 450 categories of four-wheeler-specific points of interest, … Read more
There is some ‘fluff’ in India’s economic growth rate, according to former Reserve Bank of India Governor Raghuram Rajan. This isn’t a reflection of “pessimism” as “even 6-6.5% growth is a pretty good number,” he told CNBC’s “Squawk Box Asia” on Thursday. India’s economy grew a robust 8.4% in the October to December quarter, blowing … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters Hong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency … Read more
By Dylan Robertson The Canadian Press Posted April 29, 2024 7:17 pm 1 min read Descrease article font size Increase article font size India has summoned Canada’s envoy in New Delhi following a large Sikh rally in Toronto attended by all three major federal party leaders. Prime Minister Justin Trudeau joined Conservative Leader Pierre Poilievre … Read more
