Noronha holds a 2% stake in Avenue Supermarts Ltd, which owns DMart, a chain of hypermarkets in India. He has helped Damani, the company founder, boost his wealth to over $20bn
China's growth slowed to 4.9% in the third quarter, ratcheting up pressure on policymakers to do more to shore up expansion.
The producer price index (PPI), which measures the cost of goods at the factory gate, rose 10.7% on-year, according to the National Bureau of Statistics.
Consumption dropped during the Golden Week holiday, suggesting that Beijing’s “zero-Covid” strategy and demand and supply shocks could cause another drop in GDP growth.
Tai will leave in place most of Trump's tariffs on Chinese goods as she launches discussions with China's Vice Premier Liu He.
Nio and a clutch of other Chinese carmakers have started selling their electric vehicles in Europe, hoping that their 'modern tech' can gain them a foothold in a notoriously tough market.
Authorities crack down on talk of protests among citizens unlikely to get back cash invested in crisis-hit property giant
Factory output in August was the slowest since July 2020, cutting profits at industrial plants, which face high commodity prices, Covid-19 outbreaks, part shortages and now a power crisis.
Local governments have set up special accounts in the Pearl River Delta and four other provinces to 'protect' funds for the most unfinished housing projects
Evergrande crisis adds to weakness in exchange rates as dollar rises to its strongest level in a month
The struggling real estate firm found a way to meet a bond interest payment deadline calming nerves on trading floors while the Fed’s tapering plan brought some much-needed certainty for investors
China's new home sales, existing home sales, and land sales are all plummeting this month as government measures to curb prices bite.