The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.
A Chinese research ship on Wednesday docked at Sri Lanka's Colombo port, officials in Colombo said, amid security concerns raised by the US over its visit.
R Praggnanandhaa outclassed world champion D Gukesh in sudden death to win Tata Steel Masters chess title.
Asked about the recent meeting between Modi and Xi, and if Russia had any role in it, Alipov said, "We have not played any role in it, but we are happy that it took place in Kazan... We wholeheartedly welcome the meeting."
The US Supreme Court has upheld a law requiring TikTok's China-based parent company to divest from the app, paving the way for the popular platform to be banned from the US starting Sunday. The court's decision was unanimous, with the justices citing national security concerns related to TikTok's data collection practices and relationship with a foreign adversary. While existing users may still access the app, new users will be unable to download it and updates will no longer be available. The decision comes as the Biden administration prepares to hand over the reins to the incoming Trump administration, which is expected to review the situation before making a final determination on TikTok's fate.
China has approved the construction of the world's largest dam on the Brahmaputra River in Tibet, close to the Indian border. The USD 137 billion project, which is expected to dwarf even China's own Three Gorges Dam, has raised concerns in India and Bangladesh, the downstream riparian states. Concerns in India are centered around China's potential to control water flow, potentially enabling the release of large amounts of water to flood border areas in times of hostilities. The dam is part of China's 14th Five-Year Plan, and the Chinese government claims that the project is safe and prioritizes ecological protection.
China's Foreign Minister Qin Gang has not been seen in public since June 25. Is he unwell, or has he been purged?
Indian wrestler Aman Sehrawat came up with a commanding performance to bag the gold medal in the Zagreb Open Ranking Series tournament, defeating China's world No. 7 Wanhao Zou 10-0 in Zagreb.
The biggest releases of 2025 will actually start arriving in theatres from the Independence Day weekend.
The mixed doubles pair of Sathish Kumar Karunakaran and Aadya Variyath lost 12-21, 15-21 to the Chinese combine of Cheng Xing and Zhang Chi.
He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.
The narrative on China is changing post the recent stimulus measures, and it will be hard for global investors to ignore the Chinese markets.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US dollar.
Foreign investors turned net sellers in October, offloading shares worth Rs 27,142 crore in just the first three days of October due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese markets. The outflow came after FPI investment reached a nine-month high of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities after withdrawing Rs 34,252 crore in April-May.
On Saturday, Ministry of External Affairs spokesperson Randhir Jaiswal told the media in New Delhi that the Indian Army has commenced verification patrolling at Depsang, the second friction point in eastern Ladakh.
India's D Gukesh outplayed Ding Liren to seize a 6-5 lead in the World Chess Championship final
Foreign investors have pulled out Rs 22,420 crore from the Indian equity market so far this month, owing to high domestic stock valuations, increasing allocations to China, and the rising US dollar as well as Treasury yields. With this sell-off, Foreign Portfolio Investors (FPIs) have recorded a total outflow of Rs 15,827 crore in 2024 so far. As liquidity tightens, FPI inflows are expected to remain subdued in the short term.
Chennai-based Grandmaster Gukesh on Thursday became the youngest world chess champion at 18 years after beating title-holder Ding Liren of China
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
'The championship was well fought this year.' 'Ding played better than expected. Gukesh was below his level, but good enough to beat Ding.'
China on Thursday said the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Russia's Kazan on Wednesday carries a "great significance" as they reached an "important common understandings" to improve the bilateral ties.
Sources had earlier said that the areas and patrolling status were expected to be moved back to pre-April 2020 level.
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
Speculation about the missing Chinese Defence Minister General Li Shangfu may have been removed and detained became rife after he was conspicuously absent at the meeting of the Central Military Commission (CMC) in Beijing on Friday.
President Trump made these remarks on Monday while talking to reporters aboard Air Force One on his way back to Joint Base Andrews from Florida.
Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
Dr Jaishankar, right, appears to look away from Wang Yi, second from right, at the East Asia Summit Foreign Ministers Meeting in Jakarta, Indonesia, Friday, July 14, 2023.
Gukesh, Liren eye breakthrough after series of draws in the Chess World C'ship.
The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.
It was good fortune for India to have Atal Bihari Vajpayee lead the government at a crucial moment in our history. He avoided India meeting the fate of Iraq or Ukraine, asserts military historian Colonel Anil A Athale (retd).
Teenager Gukesh Dommaraju of India became the youngest chess world champion by beating defending champion Ding Liren of China on Thursday
The attack occurred near the Gwadar police station in Balochistan when the convoy carrying 23 Chinese engineers was passing the police station and an IED blast took place.
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
The draw left both players on an identical tally of 6.5 points each, with just one game left in the 14-round classical time control format, still shy of 1 point in order to win the title.
United States President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be a biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said.
'The message that we intend to leave with at the end of this trip is one of real gratitude for the friendship and the close partnership that President Biden and Prime Minister Modi have enjoyed over the last four years, but also one of tremendous optimism because we see a lot of opportunity in the future.'
Tunjung dominated early using her delectable drops to good use and race to an 11-4 lead at the break. With Sindhu struggling with her strokes, it was all over too soon.
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