New energy vehicle sales in China saw their first month-on-month drop since August 2023 in January, as demand stuttered in the world’s largest auto market. NEV sales fell 38.8% versus the previous month, industry data showed, while total vehicle...
Logistics solution provider Skye Air on Wednesday said it has entered into a partnership with e-commerce enablement platform SMILe (Shree Maruti Integrated Logistics) for delivery of shipments via drones. The partnership is enable faster order fulfilment in urban areas with...
Investors have been dumping US EV giant Tesla’s stock, sending it plunging downwards by 24% in just five weeks, Quartz News reported, making it the worst performer this year in the S&P 500. That’s worse than crisis-hit plane-maker Boeing...
Chinese officials aired concerns to US Treasury officials visiting the country about a range of financial difficulties this week. The concerns include US tariffs, investment restrictions and sanctions set up to “suppress” Chinese companies, China’s finance ministry said late...
Mumbai based Akasa Air said it has launched daily flight services between Mumbai and Srinagar from 2 February . Srinagar is the 20th destination that the airline has added in 17 months. "Srinagar has witnessed an uptick in domestic and...
The US government has sent a delegation of Treasury officials to Beijing this week for economic talks, which seek to prevent any escalation of bilateral tensions. A key topic on the agenda will be China’s “non-market” policies that are...
Freezing winter weather has disrupted travel plans by millions of Chinese seeking to head home for the Spring Festival break. Traffic has been congested by blistering cold conditions that have swept through in central and eastern parts of the...
SriLankan Airlines has set an ambitious target of garnering a fourth of its revenue from the Indian market by the end of the next financial year, a senior executive said. The move underpins the state-run carrier's expansion plans for its...
The Delhi High Court on Monday directed SpiceJet Ltd to pay Rs 50 crore to former promoter Kalanithi Maran and KAL Airways in six weeks in an arbitral award that the airline lost in 2018.However, the payment shall be made...
Small exporters in China are hurting from more than a year of falling factory gate prices. With price wars and profit margins declining, plus trade protectionism undermining demand, many such firms are on the brink of shutting down. When...
