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In the face of lobbying by Indian companies to temper its hard stance, the ministry of electronics and IT (MeitY) recently wrote to Chinese air-conditioner compressor manufacturer Shanghai Highly (Group) Co asking about its proposed investment plans in the country, said people with knowledge of the matter.
In the wake of border tensions, the Indian government has been looking askance at investments by Chinese companies in India. Press Note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with India (such as China) can invest only after government clearance.
A round-up of top newspaper stories to keep you ahead of others.
India Business News: India is considering allowing Chinese electronics firms to invest on a case-by-case basis. The Ministry of Electronics and IT has reached out to Shang
Hero MotoCorp, PowerGrid, SpiceJet, Tata Steel and Titan are the stocks to watch today, even as the SGX Nifty indicated a positive start for the Nifty 50.