News for 'Philippines'

REVEALED: How Much New BrahMos Missiles Cost

REVEALED: How Much New BrahMos Missiles Cost

Rediff.com26 Sep 2022

The MoD did not reveal the number of missiles procured through the latest contract.
However, this information was inadvertently revealed through an official MoD photograph that accompanied the announcement.

Anwar Ali on scoresheet as India rout Hong Kong to top group

Anwar Ali on scoresheet as India rout Hong Kong to top group

Rediff.com14 Jun 2022

The Blue Tigers raced to a 1-0 lead with the 21-year-old centreback Anwar scoring his maiden international goal four years after his career nearly ended on health grounds.

AUKUS And The Militarization Of Indo Pacific

AUKUS And The Militarization Of Indo Pacific

Rediff.com20 Mar 2023

Although the pact would focus mainly on the Pacific and the South China Sea region, any action designed to deter China with or without New Delhi's active participation is a welcome move, notes Commodore Venugopal Menon (retd).

Spectrum costs will drive up debt for some Asia-Pacific telcos: Moody's

Spectrum costs will drive up debt for some Asia-Pacific telcos: Moody's

Rediff.com29 Nov 2021

Telcos in Asia's emerging markets will face higher spectrum liabilities, but these essential costs are not subject to refinancing and have limited immediate impact on cash flows and liquidity, Moody's Investors Service said on Monday. The ratings of Asia-Pacific (APAC) telecom companies in emerging markets can tolerate the increased deferred spectrum liabilities at current levels, if these essential costs are the main driver of high debt or weaker leverage, Moody's Investors Service said in a new report. For emerging markets -- China, India, Indonesia, Malaysia and Philippines -- spectrum liabilities to gross debt will increase to more than 16 per cent in 2021 and 2022, from 11.6 per cent in 2020 and 9.3 per cent in 2018, assuming India completes its 5G spectrum auction in 2022, it added.

China claims 1,000 years sovereignty over SCS, denies US charges

China claims 1,000 years sovereignty over SCS, denies US charges

Rediff.com15 Jul 2020

In a major policy speech on Monday, US Secretary of State Mike Pompeo said the world will not allow China to treat the strategically important South China Sea (SCS) as its 'maritime empire' and vowed to support worried Southeast Asian countries against Beijing's 'campaign of bullying' to control the resource-rich region.

Be ready to fight and win wars, Xi Jinping tells PLA

Be ready to fight and win wars, Xi Jinping tells PLA

Rediff.com9 Nov 2022

Xi said the entire military should devote all its energy to carry out all its work for combat readiness, enhance its capability to fight and win, and effectively fulfill its missions and tasks

China aggressor against India, says next US envoy to Beijing

China aggressor against India, says next US envoy to Beijing

Rediff.com21 Oct 2021

China has been an aggressor against India along the Himalayan border, a top American diplomat nominated by President Joe Biden as his next envoy to Beijing has told lawmakers, stating that the US must hold the Chinese government accountable for failing to play by the rules.

FPIs pull out nearly Rs 40,000-cr from equities in May

FPIs pull out nearly Rs 40,000-cr from equities in May

Rediff.com5 Jun 2022

Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.

Moody's warns of India's vulnerability to volatile food, energy prices

Moody's warns of India's vulnerability to volatile food, energy prices

Rediff.com20 Jul 2022

Moody's Investors Service has warned that India, along with the Philippines, Thailand, and Vietnam are highly vulnerable to volatile food and energy prices in the Asia-Pacific region as the Russia-Ukraine conflict continues to disrupt supplies and raise the cost of agricultural products, especially cereals and vegetable oils, as well as fertilizers and other agricultural inputs. This is so because these countries have a higher weighting of energy and food prices in their consumer price index (CPI) baskets, Moody's said in its report released on Tuesday. The weighting of energy and food in overall Indian CPI stands at over 55 per cent.

Olympics Boxing: Surmeneli, Yafai, Sousa steal show

Olympics Boxing: Surmeneli, Yafai, Sousa steal show

Rediff.com7 Aug 2021

Britain's Galal Yafai and Bulgaria's Stoyka Zhelyazkova Krasteva won first boxing golds for their countries at the Tokyo Olympics after dominant displays in their flyweight finals on Saturday.

India bans wheat exports to control rising domestic prices

India bans wheat exports to control rising domestic prices

Rediff.com14 May 2022

India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13. "The export policy of wheat ... is prohibited with immediate effect...," the DGFT said. It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.

FPIs withdraw Rs 50,203 cr from equity market in June

FPIs withdraw Rs 50,203 cr from equity market in June

Rediff.com3 Jul 2022

Continuing their massive selling spree for the ninth consecutive month, foreign investors dumped Indian shares worth Rs 50,203 crore in June -- the highest net outflow in over two years -- amid aggressive rate hike by the US Federal Reserve, elevated inflation and relatively higher valuation of domestic equities. Foreign portfolio investors (FPIs) have now pulled out around Rs 2.2 lakh crore from domestic equities in the first six months of 2022 -- the highest-ever net withdrawal by them. Before that, FPIs withdrew Rs 52,987 crore in the entire 2008, data with depositories showed.

Q2 economic output likely to be hit by chip shortage

Q2 economic output likely to be hit by chip shortage

Rediff.com11 Sep 2021

Input shortages and low inventories, according to Nomura, will likely lead to production cuts and delayed shipments in the September 2021 quarter.

Australian, Chinese envoys to India spar over SCS

Australian, Chinese envoys to India spar over SCS

Rediff.com31 Jul 2020

The Australian High Commissioner had said Australia remains deeply concerned by Chinese actions in the South China Sea that are 'destabilising and could provoke escalation'. In a tweet, the Chinese envoy took objection to his remarks and said they were made 'disregarding facts'.

Peace in Ladakh key for ties with China: Modi at India-Australia summit

Peace in Ladakh key for ties with China: Modi at India-Australia summit

Rediff.com21 Mar 2022

It was the second time in the last three days that India asserted that the relationship with China depends on the resolution of the pending issues in eastern Ladakh.

Quad unveils new initiative to monitor maritime activity across Indo-Pacific

Quad unveils new initiative to monitor maritime activity across Indo-Pacific

Rediff.com24 May 2022

Four-nation grouping Quad on Tuesday launched a major new initiative for the Indo-Pacific that allows the partner countries to fully monitor the waters on their shores and help ensure peace and stability in the region, a move that comes amid China's increasingly intimidatory behaviour.

FPIs withdrew Rs 41,000 cr in March

FPIs withdrew Rs 41,000 cr in March

Rediff.com3 Apr 2022

Continuing their selling spree for the sixth consecutive month, foreign investors pulled out a massive Rs 41,000 crore from the Indian equity market in March on anticipation of rate hikes by the US Federal Reserve and deteriorating geopolitical environment amid the Russia-Ukraine war. Further, flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said. According to data available with the depositories, FPIs were net sellers to the tune of Rs 41,123 crore in the equity market last month.

Committed to security of allies, partners, says US amid Chinese aggression

Committed to security of allies, partners, says US amid Chinese aggression

Rediff.com6 Aug 2022

Japan also reported that five of those missiles landed in its exclusive economic zone, understandably causing grave concern.

Novovax Covid vaccine likely to get nod in India ahead of US

Novovax Covid vaccine likely to get nod in India ahead of US

Rediff.com18 Aug 2021

Adar Poonawalla said he was hopeful that Covovax, the Novavax vaccine made by SII, will be launched around October this year for adults and for children by the first quarter of next year, depending on DCGI approvals.

In first meet with Xi, Biden brings up China's policies in Taiwan, Tibet, Hong Kong

In first meet with Xi, Biden brings up China's policies in Taiwan, Tibet, Hong Kong

Rediff.com14 Nov 2022

US President Joe Biden and his Chinese counterpart Xi Jinping on Monday held their first in-person meeting in Bali, with both leaders underscoring the need to manage their differences and prevent a conflict, amid Beijing's coercive military posturing against Taiwan and in the strategic Indo-Pacific region.

Money pulled from China finds way to Asean countries, not India

Money pulled from China finds way to Asean countries, not India

Rediff.com4 May 2022

The outbreak of the Omicron variant of the coronavirus and unprecedented lockdowns in China have roiled its equity market and also that of Hong Kong. After the crisis-hit Sri Lanka, China and Hong Kong are the worst-performing stock markets in Asia on a year-to-date basis.

FPIs turn net sellers in Oct; pull out Rs 12,278 crore

FPIs turn net sellers in Oct; pull out Rs 12,278 crore

Rediff.com31 Oct 2021

After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets. As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review.

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

Rediff.com11 Aug 2021

Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.

Kamala Harris accuses China of 'coercion, intimidation' in SCS

Kamala Harris accuses China of 'coercion, intimidation' in SCS

Rediff.com24 Aug 2021

Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.

Rupee outperforms most EM peers as dollar surges to a 20-year high

Rupee outperforms most EM peers as dollar surges to a 20-year high

Rediff.com1 Sep 2022

If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.

New variant: India to screen, test flyers from several countries

New variant: India to screen, test flyers from several countries

Rediff.com27 Nov 2021

Ministry of health and family welfare adds Hong Kong and Israel to the list of countries from where travellers would need to follow additional measures on arrival in India, including post-arrival testing considering the detection of new COVID variant 'Omicron' in South Africa.

US rejects Chinese claims in South China Sea in new escalation

US rejects Chinese claims in South China Sea in new escalation

Rediff.com14 Jul 2020

The US, he said, rejects any Chinese claim to waters beyond a 12-nautical mile territorial sea derived from islands it claims in the Spratly Islands (without prejudice to other states' sovereignty claims over such islands).

Nearly 5mn Indians forced to flee their homes due to disasters in 2021: UN

Nearly 5mn Indians forced to flee their homes due to disasters in 2021: UN

Rediff.com17 Jun 2022

"The largest displacements in the context of disasters in 2021 occurred in China (6.0 million), the Philippines (5.7 million) and India (4.9 million). Most disaster displacements during the year were temporary," it said.

Ritu Phogat maintains unbeaten record in MMA

Ritu Phogat maintains unbeaten record in MMA

Rediff.com5 Dec 2020

It was her third straight win in 2020 and her fourth on the trot.

Biden to Xi: Will uphold commitments to ensure 'free and open' Indo-Pacific

Biden to Xi: Will uphold commitments to ensure 'free and open' Indo-Pacific

Rediff.com16 Nov 2021

President Biden underscored that the United States will 'continue to stand up for its interests and values and, together with our allies and partners, ensure the rules of the road for the 21st century advance an international system that is free, open, and fair', the White House said in a readout of the meeting.

Chess Olympiad: Red-hot India 'B' thrash Estonia 4-0

Chess Olympiad: Red-hot India 'B' thrash Estonia 4-0

Rediff.com30 Jul 2022

India 'B' blanked Estonia 4-0 in the second round of the Open section in the 44th Chess Olympiad in Mamallapuram, Chennai, on Saturday while the second-seeded India 'A' team defeated Moldova 3.5-0.5 to make it two wins from as many matches.

Govt orders another 45 lakh doses of Covaxin

Govt orders another 45 lakh doses of Covaxin

Rediff.com19 Jan 2021

Out of the 45 lakh doses, the Hyderabad-based vaccine maker will be supplying over eight lakh to some of the friendly countries such as Mauritius, Philippines and Myanmar, free of cost as good will gesture sources added.

Covovax nod to boost vaccination drive in India: SII

Covovax nod to boost vaccination drive in India: SII

Rediff.com28 Dec 2021

Vaccine major Serum Institute of India on Tuesday said the approval for the COVID-19 vaccine 'Covovax' would strengthen immunization initiatives across India and various lower and middle income countries across the world.

Aus Open: Sania, Bopanna crash out in men's and women's doubles

Aus Open: Sania, Bopanna crash out in men's and women's doubles

Rediff.com19 Jan 2022

Sania Mirza along with her Ukrainian partner Nadiia Kichenok suffered an opening-round loss in the women's doubles event

China conducts midcourse missile interception test

China conducts midcourse missile interception test

Rediff.com20 Jun 2022

China has said that it successfully carried out a land-based mid-course anti-ballistic missile (ABM) technical test on Sunday with Chinese experts claiming that the tests, stated to be the sixth of its kind, validated the reliability of the country's anti-ballistic missile umbrella.

'We are 8-10 years behind other Asian countries'

'We are 8-10 years behind other Asian countries'

Rediff.com15 Jun 2022

India coach Stimac hits out at AIFF.

What To Expect from Modi-Kishida Summit

What To Expect from Modi-Kishida Summit

Rediff.com19 Mar 2022

China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.

FPIs withdraw Rs 6,400 cr from equity markets

FPIs withdraw Rs 6,400 cr from equity markets

Rediff.com8 May 2022

Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.

SQUID GAME Takes Over The World

SQUID GAME Takes Over The World

Rediff.com27 Oct 2021

Ever since the children's game turned into a Web series on Netflix, it has become a worldwide craze.

India's personal data protection bill may threaten innovation, growth: USTR

India's personal data protection bill may threaten innovation, growth: USTR

Rediff.com29 Apr 2022

The US on Thursday raised concerns over India's Personal Data Protection (PDP) Bill and draft non-personal data governance framework, claiming these could potentially threaten innovation and economic growth. In its latest 'Special 301' Report, the US Trade Representative (USTR) kept India on the priority watch list, maintaining the country remains one of the world's most challenging major economies with respect to protection and enforcement of intellectual property (IP). In December 2021, a joint parliamentary committee released a report recommending changes to the PDP Bill, 2019, that could undermine important IP protections in India.