/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: News has been doing the rounds that ties between India and China have either already improved or are in the process of improving. Early last week, the government of India said that it had begun granting investment approvals on a case-to-case basis. Last year in April, the government had summarily banned all foreign direct investment, or FDI, from China after border tensions escalated between the two countries. From The Times of India: “The sources made it clear that the large proposals would be taken up later after a careful analysis of the situation. To help smoothen the process, the government has also set up a coordination committee comprising officers from the ministries of home, external affairs, commerce & industry and Niti Aayog, which looks at these issues.” This week, The Economic Times reported that the government is expected to allow investments only in critical sectors where local investment is either minimal or negligible. To quote from the piece: “This is part of a three-pronged standard operating guideline the administrative ministries will follow for vetting Chinese investments in India. The other …
The Abu Dhabi investment firm just upped the AI stakes, private debt in the Gulf is having its moment in the sun, and other updates from this week.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
