K J M Varma

Stories by K J M Varma

'Bloody Monday' ravages Chinese stocks, worst fall since 2007

'Bloody Monday' ravages Chinese stocks, worst fall since 2007

Rediff.com   24 Aug 2015

It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007.

Jack Ma joins Alibaba's $4 bn shares buy-back

Jack Ma joins Alibaba's $4 bn shares buy-back

Rediff.com   17 Aug 2015

Currently Jack Ma owns 7.6 per cent of Alibaba and Joe Tsai owns 3.1 per cent.

Tianjin: Explosions hamper cyanide clearing work at blast site

Tianjin: Explosions hamper cyanide clearing work at blast site

Rediff.com   17 Aug 2015

The explosions took place as rescuers began cleaning hundreds of tonnes of cyanide at the blast site, most of which was unaffected raising fears of the possibility for contaminating air and water sources.

Death toll from Tianjin explosions climbs to 104

Death toll from Tianjin explosions climbs to 104

Rediff.com   15 Aug 2015

The death toll in twin explosions in this Chinese port city of Tianjin on Saturday rose to 85 amid protests from frustrated relatives of the missing fire fighters demanding answers on their loved ones' fates as specialised anti-chemical warfare soldiers recovered one survivor.

Tianjin explosions: Fire continues to rage; toll mounts to 56

Tianjin explosions: Fire continues to rage; toll mounts to 56

Rediff.com   14 Aug 2015

Fires are still burning at the site of the two massive explosions some 36 hours after the blasts as another 6,200 people were evacuated to prevent further casualties.

China's supercomputer Tianhe-1 shut down after twin blasts in Tianjin

China's supercomputer Tianhe-1 shut down after twin blasts in Tianjin

Rediff.com   13 Aug 2015

The office building housing Chinese supercomputer Tianhe-1, one of the world's fastest supercomputers, suffered damage.

China further devalues currency, sparks fears of currency war

China further devalues currency, sparks fears of currency war

Rediff.com   12 Aug 2015

Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.

RMB devalues by 2% as China seeks to bolster sagging economy

RMB devalues by 2% as China seeks to bolster sagging economy

Rediff.com   11 Aug 2015

The onshore yuan trading band is tightly controlled.

Super Typhoon Soudelor kills 9 in China

Super Typhoon Soudelor kills 9 in China

Rediff.com   9 Aug 2015

Nine persons were killed and three others missing as Super Typhoon Soudelor left behind a trail of destruction in eastern China, uprooting trees, hitting power supply and causing the heaviest rains in a century, state media reported on Sunday.

BRICS Bank's first loan will be in Chinese currency: Kamath

BRICS Bank's first loan will be in Chinese currency: Kamath

Rediff.com   24 Jul 2015

The NDB will have an initial authorised capital of $100 billion.

Drone shot down by Pak at LoC not sold to any govt: China firm

Drone shot down by Pak at LoC not sold to any govt: China firm

Rediff.com   22 Jul 2015

A Chinese firm said the unmanned aircraft was not sold to any government.

BRICS bank launched in China as alternative to World Bank, IMF

BRICS bank launched in China as alternative to World Bank, IMF

Rediff.com   21 Jul 2015

The opening ceremony was held in China's financial capital.

Confirmed: Drone shot down by Pakistan made in China

Confirmed: Drone shot down by Pakistan made in China

Rediff.com   18 Jul 2015

In an embarrassing disclosure for Pakistan, Chinese official media reported that the "spy" drone Pakistani army shot down along the Line of Control, claiming it belonged to Indian security forces, was made in China.

Indian arrested in China for suspected terror links released

Indian arrested in China for suspected terror links released

Rediff.com   18 Jul 2015

Delhi businessman Rajiv Mohan Kulshrestha was held for watching terror-related videos

Will BRICS bank break the monopoly of IMF, World Bank?

Will BRICS bank break the monopoly of IMF, World Bank?

Rediff.com   13 Jul 2015

A feature of this year's BRICS summit was economic cooperation.

To solve Lakhvi issue, China proposes further talks with India

To solve Lakhvi issue, China proposes further talks with India

Rediff.com   2 Jul 2015

"We need to have further discussion and conversation so that we can have better understanding and can work closely on it. We are ready to do that," said a Chinese official.

BJP following Congress' 'outdated China policy: Swamy

BJP following Congress' 'outdated" China policy: Swamy

Rediff.com   29 Jun 2015

Swamy said Prime Minister Narendra Modi should convene a conference of "insiders" to draw up a new policy especially after the recent Lakhvi episode.

China launches world's first electric plane

China launches world's first electric plane

Rediff.com   19 Jun 2015

China has made the world's first electric passenger aircraft that could be used in pilot training, tourism, meteorology and rescue operations.

Mount Everest moved 3 cm due to shock of Nepal quake

Mount Everest moved 3 cm due to shock of Nepal quake

Rediff.com   16 Jun 2015

Mount Everest moved three centimetres during the recent devastating earthquakes in Nepal but contrary to earlier reports the height of world's tallest mountain has not been affected, Chinese official monitoring agency said.

Too soon to hype India's growth story: Chinese think tank

Too soon to hype India's growth story: Chinese think tank

Rediff.com   11 Jun 2015

Some experts argue that India's new growth figures are due to the revised calculation of GDP, which was launched in January