NEW DELHI—Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said. The Enforcement Directorate, India’s financial investigation agency, tweeted that it had seized the amount from Xiaomi’s local unit. The move comes after an investigation was launched…
India Seizes $725 Million China’s Xiaomi Over Remittances
May 2, 2022
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India to Open New Mission in Lithuania This Year
NEW DELHI—The Indian government has accorded approval for the opening of a new mission in Lithuania this year. “Opening of the Indian Mission in Lithuania will help expand India’s diplomatic footprint, deepen political relations and strategic cooperation, enable the growth of bilateral trade, investment, and economic engagements, facilitate stronger people-to-people contacts, allow for more sustained…
Modi Aims to Make India a Hub for Global Semiconductors
India’s Prime Minister Narendra Modi said Friday that he aims to make India a key player in the global semiconductor supply chain, with the country’s consumption of semiconductors estimated to exceed $110 billion by 2030. Modi urged industry leaders and investors to “seize the opportunity,” saying that semiconductors play a critical role in the formation of…
Indian Capital Engulfed in Smoke After Landfill Catches Fire
NEW DELHI—Acrid smoke hung over New Delhi for a second day on Wednesday after a massive landfill caught fire during a scorching heat wave, forcing informal waste workers to endure hazardous conditions. The landfill in northern Delhi’s Bhalswa is taller than a 17-story building and covers an area bigger than 50 football fields. Waste workers…
11 Die When Truck Hits Power Line at Hindu Festival in India
NEW DELHI—Eleven people were electrocuted when their truck, decorated as a temple chariot, touched an overhead power line during a Hindu festival procession in southern India on Wednesday, police said. The New Delhi Television channel said the electrical spark also set fire to the truck, which was crowded with devotees. The 11 people died and…
India Says Tesla Should Not Import Cars From China for Domestic Sale
NEW DELHI—U.S. electric vehicle maker Tesla Inc. is welcome to set up shop in India, make cars there for sale and export them, but must not import cars from China, the transport minister said on Tuesday. “Making in China and selling here is not a good proposition,” the minister, Nitin Gadkari, said during a government…
China Gains Access to the Bay of Bengal
April 25, 2022
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News Analysis The United States and India are threatened as the Chinese regime stands on the brink of securing a port in the Indian Ocean on pace to achieve its goal of sea control by 2030 and naval superiority by 2049. The Chinese Communist Party (CCP) has a long history of circumventing sanctions to support…
India Suspends Tourist Visas for Chinese Nationals as China Refuses Entry of Indian Students
India has reportedly suspended tourist visas for Chinese nationals in what is seen as a retaliatory move against Beijing’s refusal to allow the return of thousands of Indian students who have been stuck in India since 2020. The International Air Transport Association (IATA) said in an update issued on April 20 that “tourist visas issued…
Binance Forges NFT Tie-Up With Indian Government’s Top Tech Institute Amid Crypto Regulatory Clampdown
Amid the regulatory hammer on digital assets like Bitcoin, Ethereum, Shiba Inu, and Dogecoin, the Indian government-run IIT Delhi has partnered with Binance to provide non-fungible token (NFT) tickets during its upcoming three-day cultural fest. IIT Delhi’s ‘Rendezvous’ fest is scheduled from April 24–26. According to India’s Mint business newspaper, IIT Delhi representatives said the partnership with Binance will allow students to learn…
Stalking Tigers: On Safari in India
We are rolling through the morning mists on a dirt road in the forest, sunlight angling in as through a cathedral window. Our safari jeep driver slows, and from the passenger seat the guide leans over the door to stare into the roadside dust. He smiles when he sees a print and points back the…
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