New Delhi, July 7 (IANS) Delhi Bharatiya Janata Party (BJP) President Harsh Malhotra on Tuesday welcomed the state government’s decision to add 300 new electric buses to the Delhi Transport Corporation (DTC) fleet. Malhotra, who also serves as the Minister of State for Road Transport and Highways, said that the BJP-led government under Chief Minister Rekha Gupta has set a remarkable benchmark by bringing 2,386 new electric buses to Delhi in just 16 months of governance.”In complete contrast, the…
Latest Shenzhen News & Updates
New Delhi, July 6 (IANS) China would face huge economic costs due to the disruption of trade if it blockades or invades Taiwan, according to a report by a Washington think tank.The report, published by the Center for Strategic and International Studies titled Troubled Straits: Analyzing Trade Chokepoints in the South China Sea, states, “Military action by China that disrupts the Taiwan Strait could harm China’s economy even more severely than a disruption of the Malacca Strait.”It highlights t…
Mumbai, May 22 (IANS) The Indian equity markets posted mild gains early on Friday tracking positive global cues, over optimism regarding US-Iran peace negotiations.As of 9.23 am, Sensex added 307 points, or 0.41 per cent, to reach 75,491 and Nifty gained 89 points, or 0.38 per cent to reach 23,744.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added just 0.06 per cent, and the Nifty Smallcap 100 lost 0.02 per cent.Sectoral indices on NSE traded mixed…
New Delhi, May 6 (IANS) Shenzhen, long celebrated as the crown jewel of China’s economic transformation, is facing a sharp and unsettling slowdown, raising serious questions about the durability of the country’s growth model under the Chinese Communist Party (CCP), a report has said.For decades, Shenzhen symbolised the success of reform and opening up — an industrial powerhouse where factories operated around the clock, global supply chains converged, and opportunity drew millions seeking p…
New Delhi, April 14 (IANS) A fire broke out at Chinese electric vehicle maker BYD’s industrial park in Shenzhen on Tuesday morning, sending thick plumes of black smoke into the sky.According to the company, the blaze originated in a parking garage area used for storing test and scrapped vehicles. The fire was quickly brought under control, and no casualties were reported. BYD’s global headquarters is located in Shenzhen’s Pingshan district, where the incident occurred.Visuals from the site…
New Delhi, March 30 (IANS) China’s industrial rise is due to institutionalised competition among provinces, cities and firms, with the central government acting as a referee and disciplinarian rather than as an engineer, a new report has said.The report from The Globe and Mail called China’s industrial policy “authoritarianism”, adding that it “behaves less like central planning than a state-enabled pressure cooker.”Such a system thrived by enabling rivalry across firms and provinces, with t…
Mumbai, March 10 (IANS) The Indian equity markets made notable gains in the early trade on Tuesday after US President Donald Trump indicated that war with Iran may be approaching an end.As of 9.29 am, Sensex added 413 points, or 0.53 per cent, to reach 77,979 and Nifty gained 112 points, or 0.47 per cent to reach 24,140.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 gained 1.05 per cent, and the Nifty Smallcap 100 added 1.32 per cent.All sectoral ind…
New Delhi, March 7 (IANS) India’s billionaire figures have risen to 308 — an increase of 24 from last year — which indicates strong wealth creation and sustained economic momentum, according to the Hurun Research Institute’s ‘Hurun Global Rich List 2026’ released on Saturday.The increase pushed India to the third position globally in terms of the number of billionaires, behind the United States and China.The total wealth held by Indian billionaires rose 10 per cent year-on-year to Rs 1…
Mumbai, March 6 (IANS) The Indian equity markets posted losses in early trade on Friday tracking global weakness, crude oil prices amid tensions in the Middle East.As of 9.28 am, Sensex lost 365 points, or 0.46 per cent, to reach 79,650 and Nifty dipped 103 points, or 0.42 per cent to reach 24,662.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.30 per cent, and the Nifty Smallcap 100 gained 0.45 per cent.All sectoral indices traded in red exce…
Mumbai, March 5 (IANS) The Indian equity markets gained moderately in early trade on Thursday, tracking gains in Asian peers despite rising tensions in the Middle East.As of 9.30 am, Sensex gained 246 points, or 0.31 per cent, to reach 79,362 and Nifty added 84 points, or 0.35 per cent, at 24,565.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 1.02 per cent, and the Nifty Smallcap 100 gained 1.11 per cent.All sectoral indices traded in green exc…