India faces a growing trade deficit with China, relying heavily on Chinese imports in various sectors. To mitigate risks, Ajay Srivastava suggests fostering diversified supply chains. The report highlights China's significant role in India's industrial imports.
Elon Musk is heading toward Beijing to discuss fully driving software and data transfer approval with Chinese officials. Tesla stored Chinese fleet data in Shanghai as per regulations, not publicly available in China. Earlier, Musk said that Tesla may make FSD available to customers in China "very soon", in response to a query on social media platform X.
ICICI Bank, the second-largest private lender, has reported a net profit of Rs 10,708 crore for the quarter ended March 2024, marking an increase of 17.4%, surpassing analyst forecasts. The bank’s board has recommended a dividend of Rs 10 per share. At the end of the quarter, the bank’s deposits stood at Rs 14,12,825 crore, up by 19.6% from March 2023.