As India faces slowing economic growth, HSBC Global Research has downgraded the Indian stock market outlook from "overweight" to "neutral". In a report, the global financial services firm said profits at India Inc appeared to have softened while valuations are elevated. After annualized growth of 25 per cent in recent years, profits appear to have softened while valuations are elevated at 23x forward earnings.
He said that US intelligence shows that Chinese President Xi Jinping has instructed his nation's military to 'be ready by 2027' to invade Taiwan.
India is among the three least-favoured Asian stock markets, according to BofA Securities whose survey found that 10 per cent of fund managers are underweight on Indian equities from a 12-month perspective.
As China continue to hold military drills near Taiwan coast after United States House Speaker Nancy Pelosi's recent visit to Taipei, President Tsai Ing-wen has appealed for international support for the island nation and halt the escalation of the regional security situation.
Davis Cup heavyweights Australia and the United States eased through the first qualifying round on Saturday but Britain were knocked out as Japan hit back from 2-1 down to win 3-2, while Denmark staged a dramatic comeback to overcome Serbia.
'Trump's aggressive stance towards China and preference for military posturing could shift the Quad's balance towards overt militarisation.'
Taiwan's air force showed their preparedness as Chinese aircraft flew past the 68 nautical mile closest pointsto the island.
China on Monday continued its unprecedented military drills around Taiwan, extending the schedule of war games launched in retaliation to the visit by US House Speaker Nancy Pelosi to the breakaway island which Beijing claims is part of its territory.
China has increased its antics in Taiwan Strait post the visit of US House Speaker Nancy Pelosi to the self-governed island.
United States Navy Chief Admiral Lisa Franchetti unveiled the 2024 Navigation Plan, outlining navy's readiness for a potential war with China over the next two years, Taiwan News.
Demonstrators believes the US is aggravating tensions between Beijing and Taipei, encouraging the Communists to perhaps strike militarily at Taiwan after Nancy Pelosi leaves the island.
China on Monday termed as "disgraceful" the British government's permission for a Taiwan representative in the UK to sign the condolence book of Queen Elizabeth II, who passed away on September 8.
Defence Secretary Lloyd Austin on Thursday directed that the aircraft carrier USS Ronald Reagan and the ships in her strike group will remain on station in the general area to monitor the situation.
Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.
On Friday, Taiwan's Defence Ministry said that 68 Chinese military planes and 13 warships crossed over the median line to participate in drills.
Pelosi said that she is in Taiwan to listen and learn from Taiwanese people as to how can they come together.
According to the Ministry of National Defence, the planes included six J-11 fighter jets, six J-16 fighter jets, two Xi'an H-6 bombers, two KJ-500 airborne early warning and control aircraft, one Shaanxi Y-8 anti-submarine warfare plane, and one Shaanxi Y-8 electronic warfare aircraft, reported Taiwan News.
A White Paper which was released by the Chinese Communist Party on the Taiwan issue read that in order to reunify the island nation into the mainland, Beijing will use force and will turn towards 'armed re-unification'.
Major recruiters, with double-digit offers at IIT campuses this year so far, include American Express, Barclays, BCG, Cars24, Deutsche Bank, Goldman Sachs, Google, Intel India, Meesho, Micron Technology, Microsoft, OLA, Oracle, Reliance, and Qualcomm.
'The President-elect firmly believes we can avoid conflict with the Chinese Communist party because they need our markets.'
"Perhaps you missed our briefings in the past few days. We have repeatedly made clear our firm opposition to speaker Pelosi's potential visit to Taiwan," Chinese foreign ministry spokesperson Zhao Lijian said in a press conference on Wednesday.
Soon after he was sworn in by Vice President J D Vance, US Secretary of State Marco Rubio hosted External Affairs Minister S Jaishankar, Penny Wong from Australia and Japan's Iwaya Takeshi for his first multilateral meeting as the top American diplomat.
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. India's smartphone industry is a 'Make in India' success story, with 2023-24 production reaching $49.2 billion and exports at $15.6 billion, making smartphones the fourth-largest export after diesel, aviation fuel, and polished diamonds.
Much on the expected lines, Beijing reacted angrily to Hands' visit, saying that it violates the one-China principle to which London is a signatory.
'If the situation deteriorates and there is further escalation, the USA is in preparedness.'
The Chinese military, on the last day of its largest-ever military exercises to vent out its anger over United States House Speaker Nancy Pelosi's visit to Taiwan, carried out island saturation attack drills in the Taiwan Straits, amid global concerns of a full-scale attack to annex the breakaway island which Beijing claims is part of its territory.
China on Friday announced sanctions on US House Speaker Nancy Pelosi and her immediate family members for her visit to Taiwan this week, disregarding the strident warnings from Beijing, asserting that it violated China's sovereignty and the "One China policy".
Taiwanese footwear major Hong Fu Industrial Group - a supplier to Nike, Converse, Vans, UGG, Puma, Adidas, Reebok, HOKA, Under Armour, and ON (a Swiss sportswear brand) -marked its India entry on Monday, with the ground breaking ceremony of the Rs 1,500-crore footwear manufacturing facility at the SIPCOT Industrial Park in Panapakkam, nearly 85 kms from Chennai.
China has also announced that it would hold six live-fire military drills in waters around Taiwan.
Taipei on Friday termed China's military exercises around the island nation 'highly provocative' after some Chinese aircraft and warships crossed the median line of the Taiwan Strait.
The recent global fund flow data suggests that one big cycle of foreign fund allocation into India may have come to an end and the trend could remain soft for a longer time, according to a report by Elara Capital. The note said last week's outflow of $302 million from India's dedicated funds is the largest since June 2022.
The Tamil Nadu government on Tuesday cleared the Rs 13,180 crore project by Yuzhan Technology, part of Taiwan's Foxconn Group, at Kancheepuram. The unit is reportedly expected to assemble smartphone display modules, which will be one of the first such units to cater to Apple's growing presence in the country. The unit is expected to generate at least 14,000 jobs. Of the 14 existing manufacturing units in the Apple supply chain, seven are based in Tamil Nadu.
China's official media reported air and ground movement of troops in Taiwan Straits -- the waters that separate China and Taiwan -- as US House Speaker Nancy Pelosi landed in Taipei on Tuesday disregarding Beijing's stern warnings.
China on Wednesday announced military drills around Taiwan, days after United States President Joe Biden said Washington would intervene militarily if Beijing tried to reunify with the island by force.
Taiwan says it detected multiple Chinese aircraft and naval vessels taking part in military drills around the Taiwan Strait on Saturday, in what could be a possible simulated attack against the island.
In turn, President Biden said that the US does not support 'Taiwan's independence'.
China on Monday said it is keeping a close watch on reports of US House Speaker Nancy Pelosi's planned visit to Taiwan though it was conspicuously missing from her official Asia tour itinerary and warned of a resolute response by its military and strong countermeasures if she went ahead with the trip to Taipei.
Foundries in Taiwan account for more than 75 per cent of the chips that mobile devices made in India need, according to estimates by the Indian Cellular and Electronics Association (ICEA), which represents global and domestic manufacturers. The number is slightly lower, 60 per cent, if one considers all chips -- those of consumer electronics, PCs, laptops, autos, etc. This ties in with the fact that foundries in Taiwan, led by TSMC, account for over 70 per cent of the world's microchip supply, according to estimates by Gartner.
It said that the transit was "ongoing" and that there had been "no interference from foreign military forces so far."
China urged the US to immediately address its wrongdoings, take practical measures to undo the adverse effects caused by Pelosi's visit.
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