Industrial Machinery / Equipment (Legacy)

Exclusive: India eyes spending cuts as glitches in new tax hit revenue

Exclusive: India eyes spending cuts as glitches in new tax hit revenue

Published 18/09/2017

India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said. [more…]

Google launches digital payments service in India

Google launches digital payments service in India

Published 18/09/2017

Alphabet Inc's Google on Monday launched a localized payments app for India as it tries to gain a foothold in the country's rapidly-growing digital payments space. [more…]

U.N. sees `textbook example of ethnic cleansing` in Myanmar

U.N. sees `textbook example of ethnic cleansing` in Myanmar

Published 11/09/2017

The top U.N. human rights official on Monday denounced Myanmar's "brutal security operation" against Muslim Rohingyas in Rakhine state which he said was "clearly disproportionate" to insurgent attacks carried out last month. [more…]

ExxonMobil slashes LNG price to India in bad omen for producers

ExxonMobil slashes LNG price to India in bad omen for producers

Published 11/09/2017

India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp (XOM.N) in a rare contract renegotiation, a bad sign for producers in a heavily oversupplied global market. [more…]

Wu wins China first boys` grand slam title at U.S. Open

Wu wins China first boys` grand slam title at U.S. Open

Published 11/09/2017

Wu Yibing gave China its first boys' grand slam singles champion at the U.S. Open on Sunday, hailing his triumph at Flushing Meadows as proof that his country's males were also capable of playing good tennis. [more…]

India`s auto industry gears up for government`s electric vehicles push

India`s auto industry gears up for government`s electric vehicles push

Published 11/09/2017

India's aggressive push to electrify all new vehicles by 2030 is compelling auto part manufacturers and carmakers to draw up early plans for electrification, company executives said. [more…]

Ford`s Lincoln brand plans electrified versions of all models by 2022: sources

Ford`s Lincoln brand plans electrified versions of all models by 2022: sources

Published 07/09/2017

Ford Motor Co's premium Lincoln brand plans to offer hybrid gasoline-electric versions of all its U.S. models by 2022, according to three sources familiar with the plans. [more…]

China and India are development opportunities for each other, not threats, Xi tells Modi

China and India are development opportunities for each other, not threats, Xi tells Modi

Published 05/09/2017

Chinese President Xi Jinping told Indian Prime Minister Narendra Modi the two Asian giants are development opportunities for each other, not threats, China's foreign ministry spokesman, Geng Shuang, told a regular news briefing on Tuesday. [more…]

China`s Xi wants to put relations with India on `right track`: Xinhua

China`s Xi wants to put relations with India on `right track`: Xinhua

Published 05/09/2017

China wants to put its relationship with India on the "right track", President Xi Jinping told Prime Minister Narendra Modi at a meeting in Xiamen, the official Xinhua news agency reported on Tuesday. [more…]

Indian and Chinese defense forces must maintain cooperation: Indian Foreign Secretary

Indian and Chinese defense forces must maintain cooperation: Indian Foreign Secretary

Published 05/09/2017

Indian Foreign Secretary Subrahmanyam Jaishankar said Indian and Chinese troops must maintain cooperation to ensure that a recent confrontation on their common border did not happen again. [more…]