The Government’s New Plan To Curb Unregulated Lending
The central government proposed a new bill to curb lending by unregulated entities, including digital platforms. Under the new bill, violators will face up to 7 years in prison. Lenders harassing and using unlawful methods to recover loans will face 10 years in prison, while those who promote such lending activities will get up to…
Suryansh
Foxconn Bets Big on India with Its New Display Assembly
Foxconn plans to invest $1 billion in Tamil Nadu to set up its new display assembly facility. However, the timeline is not fixed yet; according to the Economic Times, Foxconn wants its facility to be up and running “as soon as possible.” Someone mentioned to Economics Time, “Foxconn has picked up about 500,000 square feet…
Shipra Prajapati
iPhone Pro Models Now Made in India—Lower Prices Ahead?
Apple has started training thousands of workers in its Tamil Nadu factory to produce its higher-end iPhone models, Pro and Pro Max versions. The company has also started pilot runs for the base models, and it plans to mass-produce them to meet the global launch timeline. Foxconn will likely be given priority for new manufacturing…
ABHYUDAYA MITTAL
Malaysia Co-Partner With Chinese Automaker – BAIC Motor
The Southeast Asian region is looking forward to joining a partnership with China-based automaker – BAIC Motor. With the aim of expanding the local production of EVs, earlier this year, an agreement was signed between BAIC and Gigafactory Malaysia (GMSB), a subsidiary of NanoMalaysia. It is done to develop EV battery technology to increase the…
India Emerged As The Fastest Growing Passenger Market
India’s domestic airline capacity has skyrocketed by 100% in the past decade, propelling it to the third spot in the global passenger market, just behind the USA and China. In 2014, India’s passenger capacity stood at 8 million, but by April 2024, it had surged to 15.5 million, marking India as the world’s fastest-growing airline…
Chandan Kumar
China Dethrones US As India’s Top Trade Partner In FY24
GTRI (Global Trade Research Initiative) reported a dramatic shift in India’s trade dynamics with its top trading partners in the past few years, from 2019 to FY24. According to the report, imports from neighbouring countries increased by 3.24% to reach $101.7 billion in FY24. Moreover, the report mentioned that exports from the United States declined…
Asian Business News Recap: Top News From The Region
Asia is the centre stage of global economy and trade since it is home to two of the world’s biggest and fastest-growing economies. Let’s quickly review the top business news from Asia to understand better what is brewing in the region. Samsung Unveils State-Of-The-Art AI Television Technology Korean tech giant Samsung, the world’s biggest television…
Apple To Shift Half Of Supply Chain From China To India
Recently, Apple has been trying to distance itself from China for obvious reasons and is investing heavily in India. Moreover, the company wants to shift half of its supply chain from China to India over the next three years, significantly increasing the number of jobs it offers in India. As per reports by the Economic…
Asian Economics: Trending Business News From Asia
Here is some of the top news from Asia you need to know to stay updated on the region’s economic landscape. South Korea Plan To Invest $7 Billion In The Next 3 Years The South Korean President, Yoon Suk Yeol, announced on 9 April 2024 that the nation will invest $7 billion in artificial intelligence…
abhinav singh
Top News Round-Up From Asia
Asia is the fastest-growing region in the world, and as a result, new developments are taking place in the region. In this write-up, we will talk about the top news from Asia. Korean Firm Faces Growing Competition From China In Vietnam Many South Korean companies, like Samsung and LG, to name a few, have been…