Page 12 - Chinese Companies
Chinese app ban to create funding hurdle for Indian unicorns and soonicorns
Experts foresee major impact on new investments by Chinese players in companies such as Paytm, Ola, BigBasket, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding
 "Chinese app ban to create funding hurdle for Indian unicorns and soonicorns")
PM Narendra Modi quits Chinese social media Weibo as India bans 59 apps
The account was launched amid much fanfare in 2015 prior to his first China visit as PM.
 "PM Narendra Modi quits Chinese social media Weibo as India bans 59 apps")
Banned Chinese apps consider shifting servers to India to allay concerns
The Indian authorities feared that these apps were transferring consumer data to locations outside the country, especially China, in an unauthorised and surreptitious manner.
 "Banned Chinese apps consider shifting servers to India to allay concerns")
DoT warns operators of action if banned Chinese apps are not deleted
The order came after the government this week banned several Chinese apps including ByteDance's TikTok, Alibaba's UC News and Tencent's WeChat citing "threat to sovereignty and integrity.
BSNL scraps 4G equipment tender to keep Chinese companies at bay
BSNL is in the process of upgrading its network to 4G and BTS that facilitates wireless communication plays a crucial role in it.
 "BSNL scraps 4G equipment tender to keep Chinese companies at bay")
Customs told to clear all Chinese shipments with entry bills till June 30
"The rationale for the June 30 midnight deadline is not very clear," said a government official.
 "Customs told to clear all Chinese shipments with entry bills till June 30")
Ban to hit Chinese companies, loosen their grip on Indian app market
On Monday, the government imposed an interim ban on 59 popular Chinese apps including TikTok, Helo, and mobile game PUBG.
 "Ban to hit Chinese companies, loosen their grip on Indian app market")
Relief for pharma firms as govt starts clearing API imports from China
This comes after a week of economic disruption caused by introducing stringent scrutiny, resulting in shipments originating in China getting held up at Indian ports.
 "Relief for pharma firms as govt starts clearing API imports from China")
Huawei Technologies, ZTE are national security threats, says FCC
The action means money from federal subsidies used by many small rural carriers may no longer be used to buy or maintain equipment produced by the companies, the FCC said in a news release.
 "Huawei Technologies, ZTE are national security threats, says FCC")
Retaliation can't be ruled out, says China after India bans mobile apps
The spokesperson of the Chinese Embassy in India, Ji Rong, said that the move has been discriminatory and selective, and may have violated World Trade Organization (WTO) rules.
 "Retaliation can't be ruled out, says China after India bans mobile apps")
India's Chinese app ban seen jolting $1 billion expansion of ByteDance
TikTok was removed from Google and Apple app stores in India after New Delhi said on Monday night it was among the 59 apps which it believed posed a "threat to sovereignty and integrity"
 "India's Chinese app ban seen jolting $1 billion expansion of ByteDance")
No goods from Chinese vendors is the new mantra for govt e-market place
The communication has been kept "informal" as banning purchase of country-specific products would be in violation of the World Trade Organization (WHO) rules
 "No goods from Chinese vendors is the new mantra for govt e-market place")
India-China border dispute: Tech firms at risk of losing Huawei link
Among the Indian IT companies, top-tier firms such as TCS, Infosys, Wipro and Tech Mahindra are learnt to be service providers for Huawei.
 "India-China border dispute: Tech firms at risk of losing Huawei link")
Chinese firms take record 50% of global equity raised in first half of 2020
China-based companies sold shares worth $32.1 billion in January-June including multi-billion-dollar secondary listings in Hong Kong
 "Chinese firms take record 50% of global equity raised in first half of 2020")
'Jhoola diplomacy', Chinese cash lulled India into complacency: Chidambaram
Prime Minister is the ex-officio Chairman of the PM-CARES Fund and Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of the Fund
 "'Jhoola diplomacy', Chinese cash lulled India into complacency: Chidambaram")
Don't fear violence, ICEA tells Chinese firms amid fears of backlash
The move comes hard on the heels of protests in front of the gates of Chinese mobile device manufacturer Oppo, which has a unit in Greater Noida
 "Don't fear violence, ICEA tells Chinese firms amid fears of backlash")
TikTok, Helo, SHAREit losing mojo in India after border clash with China
The bloody clash between Indian and Chinese troops in Ladakh last week has sparked a popular demand for the shunning of Chinese products, ranging from apps to mobile phones.
 "TikTok, Helo, SHAREit losing mojo in India after border clash with China")
India's trust and credibility deficits
The country needs less event management and more considered anticipatory action
 "India's trust and credibility deficits")
After Oppo factory protest, 'boycott China' call puts firms on high alert
Several right-wing groups, led by the Hindu Raksha Dal (HRD), are preparing to unleash more protest movements.
 "After Oppo factory protest, 'boycott China' call puts firms on high alert")
India has the ability to reduce dependence on China, cut deficit: Report
The trade deficit contraction estimate has been made for FY22, assuming for a fourth of the items in the 40 specified sectors being sourced locally, Acuite Ratings and Research said.
 "India has the ability to reduce dependence on China, cut deficit: Report")
