World Junior Ch'ships: India off to flying start; Sri Lanka edge UAE in thriller
India's computer services exports have risen 30 per cent since the advent of ChatGPT in November 2022, even as overall services exports have plateaued, World Bank's South Asia Chief Economist Franziska Ohnsorge said, terming Artificial Intelligence (AI) and the conclusion of more trade agreements that can trigger a "manufacturing renaissance", as the two big investment opportunities for India in coming years.
On August 7, the US president announced doubling tariffs on Indian goods to 50 percent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement.
The duo of B Sumeeth Reddy and N Sikki Reddy entered the mixed doubles second round but the other Indian shuttlers, including Priyanshu Rajawat, made early exits
China calls the shoal Huangyan Dao. China has already deployed some of its biggest CCG vessels in the area to assert its claims.
'Zubeen Garg had come on his own free will.'
World champion GM D Gukesh finished tied sixth as Levon Aronian of USA convincingly won the St. Louis Rapid and Blitz that concluded in St Louis.
If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.
The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Exporters said that the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.
Dysprosium and terbium, two heavy rare earth elements with unique properties, are not available in extractable quantities in India.
Describing the visit as "productive" in a post on X, the PM said he emphasised India's position on key global issues during his engagements.
'The US slump could hit our hosiery market hard since 40 per cent of our exports go there.' 'Job losses could be severe if the government doesn't step in fast.'
India is set to become the world's fourth-largest economy in 2025, but slow income growth, lack of structural change, and rising inequality highlight the gap between progress and real transformation.
'India did not surrender. That was why he wanted to pressurise India by this 25% tariffs.'
For India, the challenge is to strike a balance between tactical necessity and economic priorities, point out Pravin Krishna and Monil Sharma.
The restructuring of tariffs by the US has led to a shift in the list of key product suppliers to the American market, with India emerging as one of the beneficiaries at the expense of China and Canada, an official said on Monday. As per an analysis, India's share in the USA's electronics exports has increased to 7.2 per cent to 3.5 per cent year-on-year in May, while China's share dipped to 11 per cent from 22 per cent during the same period.
'Geopolitically and diplomatically it's a very difficult situation for India.'
Anant Jeet Naruka shoots gold; Saurabh-Suruchi pair wins 10m air pistol mixed team bronze
Ten Indian boxers, including seven women, will be vying for gold in the U-19 Asian Boxing Championships 2025 after registering convincing victories in their respective semifinal bouts in Bangkok on Friday.
World champion D Gukesh overcame a loss against Leinier Dominguez Perez to beat the American duo of Wesley So and Fabiano Caruana to stand at fourth spot.
'A small boat with a single sail cannot withstand the stormy waves, and only by working together can we sail steadily and far,' Xi told the Vietnamese leadership.
India and Vietnam are vying with each other to woo semiconductor companies to their country. With the tension between the US and China escalating, and Taiwan getting vulnerable both countries are trying to present themselves as alternative destinations for global players. Vietnam, which started the effort as early as 2010, has got a leg-up after US President Joe Biden's visit last month.
It has charted an ambitious target. Japanese premium sports goods giant Asics - which sells 75 per cent of its shoes in the country at over ~12,000 a pair - wants to be the No. 1 running shoe player in the $90-a-pair organised market in India, currently dominated by Nike, Adidas and Puma. To do so, it is making an aggressive push into Tier-II and Tier-III cities, where customers are ready to lap them up - as well as setting up company-owned stores in four to five locations across key metros.
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
'The President's expectations shifted. The goal post moved and India didn't realize that the goal post had moved.'
Tanvi Sharma, Vennala Kalagotla, Tanvi Reddy advance at Asia Junior Badminton Championships.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
Like Gukesh, Aronian was just able to draw two games and lost one.
World champion Dommaraju Gukesh scored one win and four draws on the opening day to slip to joint-sixth in the St. Louis Rapid and Blitz chess tournament, a part of the Grand chess tour, in St. Louis (USA), on Friday.
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
Rajkanwar Sandhu takes centre fire pistol gold, Ankur Mittal excels in double trap
Chikoos are fruits that don't get celebrated much, but like all fruits have much to offer nutritionally. Known by a multitude of names -- chiko, chikoo, sapota, naseberry, and sapodilla -- Manilkara zapota grows well in warm, humid climates.
The festival's People's Choice Award, voted by the audience, is a strong indication of films that can eventually be nominated and even win Oscars. Twelve of the last 15 People's Choice winners have received Best Picture Oscar nominations.
For kids in the United States, the tariff imposed by the Donald Trump administration on countries like China may no longer be a child's play, as toy prices are predicted to touch record highs this Christmas season. However, for India's toy export industry, which was ready to take giant strides in the sector by bagging heavy orders from the US retail giants like Walmart, Amazon, and Target Corporation, gaining from the China-Plus-One policy, the US tariffs came as a heavy jolt.
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. The US' 50 per cent tariffs on Indian exports to America came into effect from August 27, barring a few sectors.
US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued buying of Russian oil.
Former World Bank Chief Economist Kaushik Basu on Thursday said the US economic policy towards India has taken an unfortunate turn, noting that President Donald Trump's harsh stance against New Delhi appears baffling. US President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods from August 1, amid signs of a stalemate in the ongoing bilateral trade negotiations between the two countries.
'We are a responsible nation, and would prefer to deal with sensitive issues with the maturity they deserve rather than take to social media.'
