Day: July 14, 2020

Chongqing city district says it discussed projects with Tesla

BEIJING, July 14 (Reuters) – U.S. automaker Tesla Inc has met with officials from a district in the city of Chongqing in southwestern China to discuss “accelerating projects”, the Liangjiang New Area said on Tuesday.

Officials met Tesla Vice-president Tao Lin to discuss “accelerating projects”, Chongqing’s Liangjiang New Area said in a Wechat social media post.

It said government official Duan Chenggang welcomed Tao’s visit to “promote cooperation”, without providing further details.

The official China Securities Journal newspaper, citing unidentified sources, said cooperation could involve the establishment of sales and maintenance centres rather than factories.

Tesla did not immediately respond

India’s exports to Latin America increased to 13.2 billion dollars in 2019-20, the highest in the last five years

India’s exports to Latin American countries in comparison to neighbours and traditional trading partners

By By R. Viswanathan

India’s exports reached 13182 million dollars in 2019-20 (April-March) from 10 billion in 2015-16, according to the figures just released by the Ministry of Commerce, India.

Brazil came back this year to claim its position as the # 1 destination of India’s exports to the region, with 3.97 billion dollars, overtaking Mexico.

The other major destinations were:

Mexico USD 3.62 billion; Colombia USD1.04 billion; Chile USD 793 million; Peru USD 764 million; Argentina USD 763 million. Surprisingly, exports to Venezuela doubled to

No coronavirus layoffs at Wipro, assures Rishad Premji; says firm is risk-free from H-1B visa ban

Rishad Premji said that Wipro is risk-free from H-1B ban as it has hired nearly 70 per cent employees in the US from that country itself.

Even as many IT firms lay off employees amid the ongoing crisis, Wipro has assured that neither it has laid off any employee so far, nor it will lay off anyone in the coming times. However, the company has planned for cost reductions through various operational means to survive through the crisis, Wipro Chairman Rishad Premji said at the company’s 74th annual general meeting (AGM). While most of the employees across various firms are