The tech capital of India was displaced by cities such as Shanghai, Beijing and Stockholm which are emerging as world startup hubs
Xinhua reported that Xi told the National People's Congress (NPC) on Sunday that Shanghai should try to ensure its free trade zone was a bastion of reform and financial innovation.
Shanghai General Motors promised to check all the affected vehicles and replace the defective parts free of charge, state-run Xinhua news agency reported.
Imports meanwhile declined 1.4 percent, following the previous month's 1.9 percent drop. That brought the October trade surplus to USD 49.06 billion, versus September's USD 41.99 billion.
Equity benchmarks continued to fall on account of weakness in global peers. Hong Kong's Hang Seng and China's Shanghai extended downtrend, falling 2-3 percent.
ICICI Bank and Tata Motors were the biggest losers, down 3-4 percent followed by HDFC, ITC, Axis Bank, L&T and SBI whereas Infosys bucked the trend.
Realty major DLF today announced the sale of its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business.
"Never was there a more favourable time to invest in India than now with strong macro-economic indicators and the government's commitment to investment facilitation like never before," Tourism Secretary Vinod Zutshi said while addressing the event on Sunday.
It is the first injectable drug manufacturer in India which has been approved by the United States Food and Drug Administration and has obtained the Good Manufacturing Practice Certification in various markets in the world.
The opening ceremony of the bank held in Shanghai where the institution is headquartered was attended by China's Vice Premier Zhang Gaoli and Finance Minister Lou Jiwei among others.
Three passengers were today injured as a bomb blast rocked the main international airport in China's commercial hub of Shanghai, authorities said.
Wal-Mart has been stepping up its efforts to get a bigger share of China's overall online business, which now has surpassed the U S and dominates globally. Last July, four years after buying a minority stake, the world's largest retailer took full control over Yihaodian, founded in 2008.
In April, Shanghai Hantao Information Consultancy Co, operator of Dianping.com, sued Baidu and another online company Jietusoft, for copying comments and business information from Dianping.com onto Baidu's online applications and Jietusoft's online map service, which caused huge losses to Dianping.com.
Delhi Metro by this year end will join the global elite club of top 10 urban metro rails which have a network of over 300 km, a senior Urban Development Ministry official today said.
Stephen Innes, a senior trader at OANDA Asia Pacific said, "while most of the focus will center on possible policy action from the BOJ, traders will be looking for forward guidance both from the Fed and RBNZ."
Home prices in the city, China's biggest financial hub, climbed 3.6 percent in February from the previous month, according to a survey by CRIC, extending the 17.5 percent annual gain it recorded in January, which was seven times faster than the country as a whole.
The communique repeats previous pledges from G20 finance ministers not to engage in competitive currency devaluations, but adds a mention of the risk a "potential UK exit from the European Union" would pose to the world economy.
Finance Ministers and central bankers of the world's 20 most powerful nations are in Shanghai, China for the G-20 Summit.
Asian markets opened with strong gains taking a cue from the higher finish on Wall Street. Japan's January core-core consumer price index (CPI) has come in 0.7 percent higher, compared to positive 0.8 percent in December. Japan‘s Nikkei was up 1.16 percent, while Hang Seng was higher by nearly 1.7 percent.
Following fall in the Shanghai index earlier in today‘s trading session; Xavier Denis of Societe Generale said that there is uncertainty in China‘s policy direction which led to Chinese market getting hit.
The G-20 Finance Ministers and central bank governors meeting is scheduled to be held on February 26-27 in Shanghai.
Six months after sell-offs in Shanghai began to reverberate through markets worldwide, bond-rating agencies continue to rate Chinese banks' credit as investment grade, suggesting that if China does lead the world into recession, it will be a different affair than the sudden, sharp downturn catalyzed by the collapse of Lehman Bros
Sushil Kedia, President of Association of Technical Market Analysts suggests watching Shanghai Index closely as it is the China situation driving sentiments globally.
Equity benchmarks remained under pressure in noon trade with the Sensex down 61.29 points to 24711.68 and the Nifty falling 18.65 points to 7518.15, tracking weak Asian cues.
Tata Motors, Hindalco Industries, Adani Ports, Tata Steel, Axis Bank, Vedanta and Adani Ports plunged 3-4 percent.