 "China mobile")
Chinese companies may have to exit sub-Rs 10,000 mobile market
The government is busy strategising ways to revive the domestic mobile device industry as Chinese firms have grabbed a large chunk of the handset market. The idea is to minimise competition from Chinese mobile players in the entry level or sub-Rs 10,000 category, according to a senior government official familiar with the plans. Read more...
Trade settlement in rupee: Fearing sanctions by West, banks seek clarity
Banks have raised concerns over the new international trade settlement in rupee, fearing that facilitation of such a mechanism could result in them facing
