India International Trade Fair open now
The 29th edition of the India International Trade Fair is now open for public.
This trade fair runs for a period of 2 weeks and is an yearly event.
China is the focus country of this latest edition while Thailand is the partner nation.
It is currently open for [...]
Ajanta aims to launch a cheap car in India
Ajanta is known for their clocks and home appliances.
The company is now aiming high as they are now working on plans to launch a cheap car in the Indian market!
Ajanta is considering acquiring an electric car manufacturer in China.
This would provide them the [...]
Hewlett-Packard acquiring 3Com
US based personal computer maker Hewlett-Packard has announced that they are acquiring 3Com.
This acquisition deal is worth around USD 2.7 Billion.
Market analysts believe that this deal would help HP expand their business operations in China where 3Com has extensive presence.
The company directors have approved this deal. HP said: “Based on [...]
Nissan announces V platform for small cars
Japanese automaker Nissan is working on a brand new platform named V for small cars that would be launched in markets like China, India and Thailand.
The company has been reportedly working on this new platform for their new generation cars since 2005.
A Nissan representative said: “Europe can [...]
China Unicom to acquire back stake from SK Telecom
China Unicom has announced that they are going to buy back stake now owned by SK Telecom.
This deal would be worth around US$1.29 billion.
China Unicom Chairman Chang Xiaobing spoke about this deal: “After the share repurchase, China Unicom will be pleased to maintain the sound [...]
Taobao.com aims to become a global giant!
Taobao.com is mostly known as the eBay of China.
The company has now revealed that they are aiming to have 1 billion global users shopping on the site in 10 years.
They currently serve around 25 million shoppers each day.
Interestingly, the company currently has no concrete plans [...]
India exporting more cars now compared to China!
India is one of the fastest growing auto markets in the world.
The country is now exporting more cars compared to China.
Industry sources claim that Indian automakers exported 2.30 lakh vehicles during the period between January and July 2009.
China on the other hand could export only [...]
Lee Kai-Fu leaving Google China
Google has confirmed that Lee Kai-Fu is leaving their Chinese unit which has been working hard to compete with Baidu in that market.
The company has now announced Yeo Boon-Lock as Lee’s replacement.
Lee had joined Google from Microsoft. That appointment made headlines as Microsoft sued him for breach of [...]
Toyota small car for India codenamed 800L
Toyota has been working on a small car model for the Indian market with the sole aim to boost their market share in this growing economy.
India is one of the hottest automotive markets in the world along with China.
And Toyota wants to become a giant in India.
They [...]
China Eastern Airlines to acquire Shanghai Airlines
China Eastern Airlines has announced that they are now acquiring smaller rival airline company Shanghai Airlines.
The deal is worth around 7 billion Yuan and it would be conducted in an all-share deal.
Every share of Shanghai Airlines will be exchanged for 1.3 shares of China Eastern Airlines.
With [...]
