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Kohlberg Kravis Roberts bets big on India despite difficulties

With $7 billion invested in India, Henry R. Kravis, 74, co-founder of Kohlberg Kravis Roberts (KKR), a global investment firm of which he is also the co-chairman and co-CEO, is betting big on India for further investments despite the difficulties in doing business in the country. Read the full story at https://www.thehindu.com/business/its-still-difficult-to-do-business-here/article25746285.ece SOURCE: The Hindu […]

China to cut auto tariffs to 15 percent in 2019

CNBC’s Phil LeBeau reports on China’s cut of U.S. auto tariffs and the impact it’s having on auto stocks today. SOURCE: CNBC (0)

Boeing delivers first airplane completed in China

Boeing and joint venture partner Commercial Aircraft Corporation of China, Ltd (COMAC) celebrated the delivery of the first airplane from the new 737 Completion and Delivery Center in Zhoushan, China.  Air China received the first plane, marking a new era in Boeing’s partnership with the Chinese aviation industry. Delivery of the first MAX 8, assembled […]

India Post enters e-commerce era

India Post announced its full-fledged entry into the e-commerce business, where it will leverage its parcel business for end-to-end delivery of products. Communications Minister Shri Manoj Sinha on Friday launched the e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products. “The […]

China’s foreign trade to remain steady in 2018: report

China’s foreign trade will maintain steady growth in 2018, as the country’s economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce. China’s foreign trade saw fast growth in the first three quarters. The country’s goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about 4 […]

Bihar’s capital Patna on board the game-changing container cargo circuit on Inland Waterways

In a first for the city, Inland Waterways Authority of India (IWAI) vessel reached Gaighat terminal carrying container cargo from Kolkata along riner Ganga Patna and upcoming IWAI terminal at Kalughat to emerge as new hub for trade up to Nepal with river Gandak announced as National Waterway 37. Patna witnessed a new landmark in […]

India to increase public health spending to 2.5% of GDP: PM Modi

India is set to increase its public health spending to 2.5 per cent of its gross domestic product by 2025, Prime Minister Narendra Modi said.As of now, the country spends 1.15 per cent of the GDP on health. Read the full story at https://timesofindia.indiatimes.com/business/india-business/india-to-increase-public-health-spending-to-2-5-of-gdp-pm-modi/articleshow/67056337.cms SOURCE: Times of India (2)

China’s fintech sector grows fast amid tighter regulations: report

Driven by the increased availability of third-party platforms, online financial services in China have seen rapid growth amid tightened regulations, Moody’s Investors Service said in a recent report.  Total outstanding consumer credit in China totaled 36 trillion yuan (US$5.2 trillion) as of the first half of 2018, with mortgage loans accounting for 67 percent, credit […]

Corporate debt in China is an ‘enduring problem’: Nomura

China used deleveraging to address the issue of corporate debt, but it is difficult to do so in an “orderly” way, says Rob Subbaraman of Nomura. SOURCE: CNBC (1)

Inflation outlook seems benign

After raising interest rates twice in the last six months and changing the monetary policy stance from ‘neutral’ to ‘calibrated tightening’ — the new governor Shaktikanta Das’s ‘benign inflation outlook’ comment on his first day in office has made the market expect a dovish stance in the next policy review in February. Read the full […]

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