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GM struck a deal in early 2020 to sell the plant in Pune to Great Wall, with the Chinese SUV-maker expected to pay up to $300 million as part of a plan to invest $1 billion in India
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The first-generation 3nm process can reduce power consumption by up to 45% compared with conventional 5nm chips, the group says. Chinese companies are likely among its initial customers.
The company had been planning to raise $6 billion last year, but put the deal on hold in December because of the impact of the pandemic and volatile financial markets
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Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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TransportIn Numbers: The Economic Impact of Shanghai’s Covid LockdownsStrict Covid-curbs have put 26 million lives on hold in Shanghai - China's most important economic hub. The resulting supply chain disruptions and revenue losses will spell fresh economic trouble for China, and the world.
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MarketsIMF Flags Stagflation, Growth Risks For AsiaInflation in Asia is starting to pick up at a time China’s economic slowdown is adding to pressure on regional growth
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Transport InsightsWhy are Indian Electric Vehicles Catching Fire?The reason isn't just rising temperatures or battery quality but a lack of thermal-based safety precautions. The EV batteries are getting heated beyond 100 degrees, experts claim.
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