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.
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.
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.
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.
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.
'Trump's aggressive stance towards China and preference for military posturing could shift the Quad's balance towards overt militarisation.'
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."
Taiwan's Ministry of National Defense said 30 Chinese warplanes made incursions into its air defense identification zone, or ADIZ, the highest daily figure in more than four months.
China urged the US to immediately address its wrongdoings, take practical measures to undo the adverse effects caused by Pelosi's visit.
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.
In an interview, Biden reiterated a previous pledge to defend Taiwan in the event of an invasion.
'The President-elect firmly believes we can avoid conflict with the Chinese Communist party because they need our markets.'
Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for sale of green hydrogen in Japan, Taiwan and Hawaii markets. Billionaire Gautam Adani-led conglomerate is investing up to $50 billion over the next 10 years in setting up a fully integrated green hydrogen ecosystem in India. This includes the production of 1 million tonne of green hydrogen in the initial phase which will be ramped up to 3 million tonne later.
US House Speaker Nancy Pelosi's plane landed in Taiwan amid a heightened security threat from China, media reports said on Tuesday.
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.
China claims Taiwan as part of the mainland and vows to integrate what it calls the rebel province even by force.
India on Friday said it was concerned over the developments around Taiwan and called for avoiding "unilateral actions" to change the status quo in the region, days after China held its biggest-ever military drills around the self-ruled island following US House Speaker Nancy Pelosi's visit to it.
China on Tuesday warned the United States that it will pay a 'heavy price' for its attempts to show support to Taiwan's independence as a delegation of ex-American defence officials dispatched by President Joe Biden landed in Taipei amid apprehensions that Beijing may attempt action against the self-ruled island akin to Russia's military assault in Ukraine.
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.
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.
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.
US House Speaker Nancy Pelosi is going to visit Taiwan, with scheduled meetings with government officials at the self-governed island that China threatens to forcefully overtake, The Wall Street Journal reported on Monday.
Biden met with Prime Minister Kishida Fumio of Japan on Monday to advance cooperation on a range of bilateral, regional, and global issues.
In a show of strength, China is deploying its aircraft carrier group and a nuclear submarine in large-scale military drills in the Taiwan Strait in response to US House Speaker Nancy Pelosi's high-stakes visit to Taipei which infuriated Beijing as it claims the island as part of its territory.
China on Wednesday said it will take "strong and effective" countermeasures against the US and Taiwan for violating the "One-China policy", as the US House of Representatives Speaker Nancy Pelosi successfully completed her visit to Taipei disregarding Beijing's vociferous threats.
Taiwan's double world champion Lin Yu-ting, one of two boxers at the heart of a gender row, won her featherweight round of 16 bout against Uzbekistan's Sidora Turdibekova
From the outcome of the general elections and then Union Budget to tepid corporate earnings in the September 2024 quarter (Q2-FY25), sticky inflation and Reserve Bank of India's stance on interest rates, extreme weather conditions, Indian stock markets have braved it all in calendar year 2024.
The Indian market remains an attractive place to do business for the nation's entrepreneurs, with 75 per cent of them operating domestically.
The gender tests conducted by the International Boxing Association (IBA) on two female fighters at last year's world championships that led to their disqualification were illegitimate and lacked credibility
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
Hometown favourites Felix and Alexis Lebrun, at 17 and 20, also made it to the round of 32 in singles with clean 4-0 victories, against the backdrop of a packed stadium of French fans cheering for them and shouting their names.
The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets. It was 147.5 per cent on December 3, 56 per cent higher than the 10-year average of 94 per cent. The current ratio is slightly lower than the all-time high ratio of 154 per cent at the end of September this year.
This is how the residents of Jamnagar danced the Garba.
With tensions between China and Taiwan rapidly increasing, the tone of China's official media has also become progressively more strident, observes former senior RA&W officer and China expert Jayadeva Ranade.
The state is in the process of grooming a supplier ecosystem, for which India is almost entirely dependent on imports.
Saturday's Quad meeting in Delaware is taking place against the backdrop of China's assertive behaviour in the South China Sea, its sabre-rattling in the Taiwan Strait and increasing footprints in the Pacific and Indian Ocean, asserts Rup Narayan Das.
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