'Indian companies step in as U.S. excludes Chinese firms from solar market'

SEOUL, October 8 (AJP) - Indian companies are stepping into the void left by Chinese firms being excluded from the U.S. solar energy industry, Sumant Sinha, CEO of ReNew, India's largest renewable energy firm, said. In an interview with the Financial Times on Monday, Sinha said there will be demand for Indian-made solar components as the U.S. reduces its dependence on China during the energy transition. He also noted that ReNew is considering exporting products manufactured i

October 8, 2024

Hyundai Motor's Indian subsidiary to go public this month

SEOUL, October 07 (AJP) - Hyundai Motor's Indian subsidiary is expected to be listed on the Indian stock market on Oct. 22. According to news reports on Sunday, Hyundai Motor India estimates its corporate value at $19 billion and intends to publicly offer 17.5 percent of its total shares to raise $3.3 billion. If this plan is executed, it would become the largest IPO in the history of the Indian stock market. The current record is held by the Life Insurance Corporation of Ind

October 7, 2024

Indian government opposes criminalization of marital rape

SEOUL, October 07 (AJP) - The Indian government has urged the Supreme Court not to criminalize marital rape. According to news reports on Sunday, the Ministry of Home Affairs submitted a statement to the top court, arguing that while a husband cannot violate his wife's consent, defining such acts as "rape" and imposing criminal consequences is excessively harsh. The government further argued that including such activity as a crime could destabilize the delicate balanc

October 7, 2024

India, U.S. join hands for battery mineral supply chain cooperation

SEOUL, October 04 (AJP) - India and the United States have agreed to strengthen supply chains for critical minerals for electric vehicle batteries. Indian Trade Minister Piyush Goyal and U.S. Commerce Secretary Gina Raimondo announced the signing of a memorandum of understanding for supply chains involving lithium, cobalt, and other key materials necessary for EV batteries, according to news reports on Thursday. The agreement was signed during Goyal's visit to Washington. Fol

October 4, 2024

Junior doctors go on strike in India following rape, murder case

SEOUL, October 04 (AJP) - Medical interns have once again gone on a mass strike in eastern India, following an earlier strike in August after a female trainee doctor was raped and murdered at a public hospital. According to news reports, trainee doctors in Kolkata, West Bengal, declared a complete work stoppage starting on Tuesday. Thousands of interns gathered in downtown Kolkata the previous day, demanding the state government fulfill its promises to install CCTV camera

October 4, 2024

India arrests cryptocurrency fraudsters linked to game app

SEOUL, October 02 (AJP) - The Enforcement Directorate (ED) of India has arrested cryptocurrency fraudsters associated with the game app Fiewin in collaboration with cryptocurrency exchange Binance, according to news reports. The arrested individuals lured users into online betting and gaming. Once the payment amounts accumulated, they froze the accounts, siphoning off about $47.6 million from victims through cryptocurrency wallet transfers to evade detection. During the investiga

October 2, 2024

India resumes non-basmati white rice exports amid rising domestic surplus

SEOUL, October 02 (AJP) - India has resumed exports of non-basmati white rice amid a significant rise in rice surplus. Basmati is a type of rice known for its low stickiness and long grains. On Saturday, the Indian government removed tariffs on non-basmati white rice exports and set a minimum export price of $490 per ton. This move is seen as part of the Indian government's efforts to ease rice export restrictions. On Friday, the government lowered the export tariff on parboi

October 2, 2024

Indian steel industry calls for measures to address surge of cheap Chinese imports

SEOUL, September 30 (AJP) - The Indian Steel Association (ISA) has voiced concerns about the influx of cheap Chinese steel products, urging the government to take action. The association made this statement following the United States imposing high tariffs on Chinese steel products, according to news reports on Friday. Earlier this month, the U.S. government decided to impose a 25 percent tariff on Chinese steel and aluminum products. "The increased trade remedial tariffs on

September 30, 2024

India investigates fire at iPhone component manufacturer

SEOUL, September 30 (AJP) - Indian authorities have launched an investigation into the cause of a fire at an iPhone component manufacturing facility in southern India, according to news reports. The fire broke out on Saturday at the Tata Electronics plant in Hosur, Tamil Nadu. No injuries were reported, as all employees present at the plant were safely evacuated. The investigation is expected to delay the resumption of production at the facility, which employs around 1,50

September 30, 2024