India


Supplier shares hit by Apple ‘cut-off woes’ over Xinjiang labour

Supplier shares hit by Apple ‘cut-off woes’ over Xinjiang labour

(ATF) Shares of Apple’s Chinese suppliers – Goertek, Luxshare Precision Industry, Lens Technology and Lingyi iTECH Manufacturing – have plummeted in the last two months after reports that Ofilm Group, a camera module maker blacklisted by Trump over “forced labour” allegations in Xinjiang, was removed from Apple’s supply chain. While …

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Singapore aims for tighter rules than US to attract SPAC listings

Singapore aims for tighter rules than US to attract SPAC listings

(ATF) Singapore plans to impose more stringent rules than the US for so-called blank-cheque companies that seek a listing in the southeast Asian city state.On Wednesday, Singapore Exchange started a public consultation on a regulatory framework for listing special purpose acquisition companies (SPACs), which are shells that launch with the …

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Adani could face US heat over port deal with Myanmar military

Adani could face US heat over port deal with Myanmar military

(ATF) Revelations that Adani Ports has done a multi-million-dollar deal with the Myanmar military to lease a section of the Yangon port could cause trouble for the group and India's Modi government, experts fear, given the strong sanctions imposed by the new US government on the junta for their slaying …

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FTSE Russell to include China bonds in flagship index from October

FTSE Russell to include China bonds in flagship index from October

(ATF) FTSE Russell said on Monday it would include Chinese sovereign bonds in its flagship index from October 31, as it hinted at later possible inclusion of India in an emerging market benchmark.Chinese government bonds will be added to the FTSE World Government Bond Index (WGBI) over three years from …

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Challenges ahead for trend-bucking Indian banks

Challenges ahead for trend-bucking Indian banks

(ATF) India’s banking system has been an outlier in the region achieving significant improvements at a time when its peers have struggled, but this outperformance will be shortlived as the full impact of the pandemic is felt.Indian banks have posted significant financial improvements in their working for the first three …

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US slaps $50m penalty on Indian drugmaker for deleting files

US slaps $50m penalty on Indian drugmaker for deleting files

(ATF) An Indian pharmaceutical company has been forced to pay $50 million after pleading guilty to concealing and destroying records prior to a US Food and Drug Administration (FDA) plant inspection, the US Department of Justice announced on March 23.Prosecutors charged Fresenius Kabi Oncology Ltd (FKOL) with violating the Food, …

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US joins in antitrust scrutiny of Big Tech companies

US joins in antitrust scrutiny of Big Tech companies

(ATF) The US could be on the verge of joining the global anti-Big Tech push, as a top legislator was reported on Sunday to be preparing at least 10 bills targeting alleged anti-competitive behaviour.The US House of Representatives' Judiciary Committee’s anti-trust panel, released a 449-page report in October 2020 detailing …

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Doubts remain over India’s possible carbon neutral 2050 goal

Doubts remain over India’s possible carbon neutral 2050 goal

(ATF) India may be about to bite off more than it can chew in its climate change ambitions. New Delhi is considering making a pledge to become carbon neutral by 2050, or even three years earlier, to mark its 100-year independence from British rule.Officials close to India’s Prime Minister Narendra …

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Quad leaders vow to make 1 billion Covid-19 vaccine doses for region

Quad leaders vow to make 1 billion Covid-19 vaccine doses for region

(ATF) India will produce more than 1 billion extra Covid-19 vaccine doses by the end of next year in an initiative launched on March 12 with the US, Japan and Australia, as the four countries held their first-ever joint leaders' summit.US President Joe Biden, who has vowed to reinvigorate alliances …

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Rivals teaming up for dig at China’s rare earths dominance 

Rivals teaming up for dig at China’s rare earths dominance 

(ATF) The US, Japan, India and Australia are joining forces in an effort to combat China’s dominance of the rare earths supply chain.The members of the ‘Quad Security Dialogue’ mechanism are set to jointly establish a rare earth procurement chain, according to Japan’s Nikkei Asia. The plans were expected to …

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