Latest news with #DebashisBasu
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Business Standard
4 days ago
- Automotive
- Business Standard
To counter China, India needs to first crack down on corruption like Xi did
For years, China was viewed as a cheap manufacturing hub. No longer. When Xi Jinping assumed power in 2012, he made no secret of his intention to move China up the value chain Debashis Basu Listen to This Article Rajiv Bajaj, chairman of Bajaj Auto, sounded the alarm last week: If China were to restrict exports of rare earth metals — crucial for magnets in electric vehicles— India's nascent electric-vehicle (EV) industry could grind to a halt. His anxiety is not unwarranted. As geopolitical tensions rise and trade wars simmer, headlines like these expose uncomfortable truths: The world remains deeply dependent on Chinese supply dominance, and India is no exception. In domain after domain — artificial intelligence (AI), robotics, green energy, and defence — China's ascendancy is no longer a prediction but a reality. Its stronghold is not accidental;
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Business Standard
18-05-2025
- Business
- Business Standard
Donald Trump's tariff deals: End of the beginning in global standoff
Many experts thought that Mr Trump's aim was to lock China out of the global trade chains by striking major deals with big, long-term trading partners and allies. They were wrong Debashis Basu Listen to This Article Last week, American President Donald Trump fired a salvo against Apple Chief Executive Officer (CEO) Tim Cook, demanding that iPhones be made in the United States (US), not India. This marks a fresh escalation in his 'America First' crusade. The outburst, laced with characteristic bluster, came despite Mr Cook's earlier pledge of $500 billion in US investment. In 2024-25, Apple churned out 40 million iPhones in India, worth $22 billion, with 32 million units ($17.5 billion) exported to the US, Europe, and West Asia. By 2026, the tech giant aims to assemble all US-bound iPhones here, scaling up production to
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Business Standard
04-05-2025
- Business
- Business Standard
What the markets seem to suggest about Trump, tariffs, and optimism
The German market has hit a lifetime high. Even though the United States (US) is supposedly facing the prospect of empty shelves in a few weeks Debashis Basu Listen to This Article When American President Donald Trump detonated a trade bomb on April 2, global markets shuddered. The levies, set to bite from April 9, targeted countries with a 10 per cent baseline tariff and a punitive 145 per cent on Chinese goods. Stocks tumbled for four days as investors braced for chaos. Yet, days later, Mr Trump halted the tariffs for 90 days — excluding those on China — and exempted electronics, triggering a relief rally. Interestingly, that 'relief rally' has now morphed into a full-fledged bull market in some countries. The German market has hit a lifetime high. Even though
