To address a critical shortage, the Indian government has temporarily waived mandatory BIS certification for air-conditioner compressor imp...

Chinese companies are approaching the government seeking clearance for their executives or appointing locals on their boards since Chinese ...

Chinese companies like Midea, Haier, Xiaomi, Lenovo, and BYD are seeing strong revenue growth in India. Consumers prefer their products bec...

Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financial...

Asian stocks were steady early Tuesday following a mixed session on Wall Street. Traders are betting on a half-point rate cut from the Fede...

Midea made a preliminary approach in recent weeks to the white-goods manufacturer about a potential deal, said the people, who asked not to...

The regulators have given 'window guidance', or verbal orders that leave no paper trail, to the banks, setting a date of Dec. 10 by which t...

Jaina Group, owner of Karbonn smartphones and licensee of Sansui TV brands, already shut down its plant last Friday.

One of the senior leaders at a smartphone company, who did not wish to be named, said there is pent up demand for phones because people are...

A top three smartphone maker has asked all Chinese employees and their families, including Indians married to Chinese, to be extremely care...

Midea Technology Park will have three manufacturing units for home appliances, HVAC products and compressors, and will also include a manuf...

The new facility near Pune, with a technology park, will have three manufacturing units for home appliances, HVAC products and compressors.

Ma, 54, who last month made surprise announcement of his retirement as the executive chairman of the USD 420 billion e-commerce giant, has ...

"India is a key market in our global growth strategy and will be an important manufacturing hub in future," said Midea Group Vice-President...

China approval is expected to send billions of dollars flowing into the world's second-biggest equity market.

China plans to dominate the markets for AI, driver-less vehicles, etc. That would mean the loss of a huge number of jobs in many nations, i...

"Both the brands are inactive with no supplies of inventory in the Indian market for the past few months. But both will enter the market be...