China

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

Recent reports have increased the trouble of digital payment giant, ‘Paytm’, stating that they are leaking data of their customers to Chinese firms. RBI has restricted the Paytm Payments Bank to include new customers, due to the reports that suggest data leaks from Paytm to Chinese firms. The Reserve Bank Of India has also called…

India Boycott Beijing Winter Olympics Over Galwan Attack

India Boycott Beijing Winter Olympics Over Galwan Attack

The Chinese government on Wednesday shared an image of one of its Regiment commanders of the People’s Liberation Army as a torchbearer during an Olympic relay. According to the reports, this person was involved in the Galwan attack on India by China.  In effect, on Thursday, India said that their envoy, Acquino Vimal in Beijing,…

U.S. House Passes The Bill on Clamping Down China’s Product

U.S. House Passes The Bill on Clamping Down China’s Product

The U.S. Senate passed legislation on Thursday to ban imports from China’s Xinjiang Region over concerns about forced labor. It is a part of Washington’s continued pushback against Beijing’s treatment of the country’s Uyghur Muslim minority.  The legislation passed by unanimous voice vote, after lawmakers agrees on a compromise that eliminated differences between bills introduced…

Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar

Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar

On Monday, Reliance Industries (RIL) shares hit a new high after Reliance New Energy Solar LTD announced the acquisition of two companies, intensifying its drive into green energy. Nifty rocketed to a new high of 18,000, after gains in index heavyweights RIL and banks. Mukesh Ambani’s conglomerate, RIL made two purchases over the weekend, including…

Global Stock Markets Falls With the Repercussions Of Evergrande ‘collapse’

Global Stock Markets Falls With the Repercussions Of Evergrande ‘collapse’

The global equity market and the prices of Bitcoin plummeted after China’s Evergrande Group’s Collapse, a Chinese real estate giant. The world’s most indebted property development firm, Evergranade, fears bankruptcy, resulting in 1.6 million unfinished homes and angry buyers protecting outside the company’s office. The global sentiments have been rattled by the real estate firm,…