Hyundai Motor submits PFR to take up modernisation of Tamil Nadu plant at a cost of Rs 1,500 crore

Hyundai Motor submits PFR to take up modernisation of Tamil Nadu plant at a cost of Rs 1,500 crore

Chennai, Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 new jobs and the plant … Read more

Opinion | If Deng Xiaoping were alive, he would worry about China’s shifting priorities

Opinion | If Deng Xiaoping were alive, he would worry about China’s shifting priorities

Now that China is at a crossroads again, amid widespread concerns over the direction of the country and the state of its economy, remembering Deng has taken on a special significance. Deng, who died in 1997 at the age of 92, would have been heartened but unsurprised to see that China’s economy has become the … Read more

China’s third plenum and the 3 major challenges facing ‘Xi the reformer’

China’s third plenum and the 3 major challenges facing ‘Xi the reformer’

“Owing to these reform measures, the Chinese economy has not only sustained robust growth but also more than doubled since 2012, cementing the country’s global status as a major growth contributor,” the article said. It also compared Xi with paramount leader Deng at length, saying both carried forward the mission to achieve China’s modernisation. However, … Read more

Xi Jinping warns top officials to contain political risks to avoid China’s economy, society being hit by ‘butterfly effect’

Xi Jinping warns top officials to contain political risks to avoid China’s economy, society being hit by ‘butterfly effect’

“Small risks will become big risks, risks will become general risks, and economic and social risks will become political risks.” In the speech, Xi also asked officials to “identify risks early, act quickly, take command at the front and make immediate judgments as soon as they arise”. 03:12 Xi Jinping, Joe Biden hold talks on … Read more