Luxury

NEW DELHI: India has begun work on a continuity plan to kick-start exports once the country emerges from the shadows of the coronavirus pandemic. The plan includes cutting down import dependence, especially from China, by focussing aggressively on substitution while improving safety compliance and quality goods to gain global market share. The commerce and industry ministry is mulling setting up...

NEW DELHI: India could emerge as an alternative investment destination for US companies doing business in China in the aftermath of the coronavirus pandemic, a view that the US government’s Department of State is supporting. In a meeting held last week between a senior official of the US Department of State and representatives of large American companies operating in India, through the American...

Facebook will invest Rs 43,574 crore in Jio Platforms, a unit of Reliance IndustriesNSE 0.51 % Ltd (RIL), for a 9.99% stake, an allcash deal that will help the oil-toretail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit. RIL’s shares closed 10.3% higher at Rs 1,363.35 on the BSE Wednesday, having surged more than 12%...

These companies see India as an alternate manufacturing hub and have taken up their proposals across various levels of the government, including central government departments, Indian missions abroad and state industry departments KEY HIGHLIGHTS 1,000 foreign firms are planning to shift manufacturing to India; in talks with authorities 300 actively pursuing production plans in mobiles, electronics,...

As going gets tough in China’s controlled economy, more and more Korean companies are pulling out of China, and are looking for ‘favourable’ nations like India. India is all set to become a manufacturing base for Korean companies for their global markets. Due to the rising trade war tensions between the United States (US) and China, several South Korean companies might consider moving their units...

Gandhinagar: Looking to capitalize on growing trust deficit among countries for China where the Covid-19 global pandemic first broke out, Gujarat has written to political and business authorities of US and Japan, inviting them to shift their commercial units and operations from China to Gujarat. The state government has in the letters assured all required assistance and incentives to companies which...