Mobius bets on ‘50-year rally’ in Indian stocks as China slows

Veteran investor Mark Mobius has allocated almost half of his emerging-markets fund to India and Taiwan to help offset a slide in China shares that has dragged down returns from developing nations as a whole. “India is on a 50-year rally,” even if there are short bouts of bear markets, Mobius said in an interview … Read more

Johnson-Hitachi to halve imports, double exports over next 1 year

The move comes amidst the shrill calls for boycotting Chinese goods following violent skirmishes on the Leh border earlier this month that lead to the killing of 20 Indian soldiers. The government sees the air-conditioning industry as a priority sector for generating jobs along with furniture, leather and footwear. Leading air-conditioner maker Johnson Controls-Hitachi India … Read more