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Apple’s Chief Rival Has a Cautionary Tale for India

19Apr

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Technology

Apple’s Chief Rival Has a Cautionary Tale for India

[ad_1] In July 2008, Apple Inc. opened its first retail store in China, marking the start of a meteoric rise in the country. Fifteen years later, Chief Executive Officer Tim Cook is offering the same blessing to India. It's obvious that the world's most-valuable company should hang out its shingle in what may already be the globe's most populous country, yet there's a cautionary tale not only from its time in China, but from its chief rival.When hundreds of people queued up for the opening of that first store in Beijing, the nation was barely a blip on Apple's revenue radar. By the next financial year, ending September 2009, China plus Hong Kong combined brought in a mere $769 million in revenue, accounting for 1.8% of the global total. Within another two years, the figure jumped to $12...

India, China Hope For Reciprocal Measures Over Presence Of Journalists

[ad_1] New Delhi/Beijing: China on Thursday said it would like to treat Indian journalists like "friend and family" after India expressed hope that Beijing would facilitate their continued presence in their country.The comments came in the backdrop of China barring two Indian journalists from entering the country, claiming India had refused to approve applications of Chinese journalists.For Chinese journalists carrying valid Indian visas to carry out journalistic activities, we don't see any difficulty in reporting, Foreign ministry spokesperson said Arindam Bagchi yesterday.For Indian journalists working in China, he said, "We would hope that Chinese authorities would facilitate their continued presence and reporting from China."Later in the day, his Chinese counterpart said Beijing hop...

India Bursts Into A Market Once Dominated by China

[ad_1] India has emerged as a key buyer of Russian energy.India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade as the fallout from Moscow's invasion of Ukraine reshapes trade flows.Six vessels hauling Russian crude known as ESPO were headed to refiners in the South Asian nation in August, according to traders and shipbrokers. That's the highest number of cargoes purchased by India since the stream was introduced, and accounts almost one-fifth of available monthly shipments."ESPO crude is now becoming a steady flow for India, a country that wasn't a big fan of the variety for years," said Emma Li, analyst at Vortexa Ltd. "The voyage to India will take longer, but the shipments might continue as long as...