India's Ministry of Finance granted a two-year exemption allowing four Chinese firms to bid on state-run power equipment tenders. This means increased foreign competition for domestic manufacturers like CG Power, Hitachi Energy, and GE Vernova, which caused their stock prices to drop significantly.
#MinistryOfFinance #India #China #ChineseFirms #PowerSector #PowerEquipment #GovernmentTenders #CGPower #HitachiEnergy #GEVernova #StockMarket #IndianStocks #marketnews #cnbctv18digital #businessnews #businessnewstoday #businessnewsinenglish
🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ
SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf
------------------------------------------------------------------------------------------------