'The real issue between India and China is that the Chinese have transgressed along the Line of Actual Control at multiple points.'
Expressing grave concern over a US nuclear-powered submarine sustaining damage in the disputed South China Sea, China on Friday demanded Washington to reveal the details and the location of the accident and blamed America's frequent air and naval sorties in the Indo-Pacific to assert the "freedom of navigation" as the "root cause" of the incident.
If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple's strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China.
Rather, cold reactions are expected considering the contentious issues the US is bound to raise -- Taiwan, human rights, and North Korea.
The annual threat assessment of the US Intelligence Community released by the Office of Director of National Intelligence (ODNI) also said that the 'expanded military posture by both India and China along the disputed border elevates the risk of armed confrontation between two nuclear powers that might involve direct threats to US persons and interests and calls for US intervention'.
India has not yet received any confirmation on Chinese President Xi Jinping's in-person participation at the upcoming G20 summit, people familiar with the matter said on Thursday amid reports that he is likely skip the conclave.
Mutual funds (MFs) turned net sellers of equities in April amid a run up in stock prices on sustained inflows from foreign portfolio investors (FPI). The benchmark indices, Sensex and Nifty50, logged their biggest monthly advance since November last year, gaining 3.6 per cent and 4.1 per cent last month. Data from the Securities and Exchange Board of India (Sebi) shows that MFs sold equities worth over Rs 5,100 crore in April, the highest since February 2021.
Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe.
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.
Blinken also underlined that diplomacy is the only way to definitively end the Russian conflict in Ukraine.
The ongoing Women's World Boxing championships was hit with controversy after two boxers were disqualified just hours before their bout.
"China creeps towards hegemony in Asia, threatens India's borders, and treats other countries as junior partners, Indian-American Congressman Ro Khanna said.
A new era of Indian equity market outperformance compared to China "appears to be dawning", according to Morgan Stanley. The firm has upgraded India to overweight in its Asia Pacific-excluding Japan (APxJ) list, making it their most preferred market not only in the region but also in the global emerging market (GEM) pack. India now holds the top position in this category, with an overweight of 75 basis points, a significant increase from nil previously.
Bhutan firmly abides by the one-China principle meaning Taiwan and Tibet are part of China and stands ready to work with China for an early settlement of the boundary issue and advance the political process of establishing diplomatic relations, it said.
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
Team Taiwan won't be at Winter Games opening ceremony
The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.
Hours after United States Speaker Nancy Pelosi flew out of Taiwan, leaving the Indo-Pacific region in a state of some unrest, External Affairs Minister Dr Subrahmanyam Jaishankar and US Secretary of State Antony J Blinken held extensive talks ahead of the ASEAN meeting in Cambodia on Thursday, August 4, 2022.
The exercise, which was planned many months in advance, was earlier planned to be held in October but would now be held next month, Army officials said.
The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.
A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.
'We must understand that the LAC is a political issue for China, so any action on the LAC will keep India focussed on the LAC which gives China the opportunity for any adventurism in the Indian Ocean.'
Dominic Thiem defeated qualifier Facundo Bagnis of Argentina 6-4, 7-5 in the first round of the Plava Laguna Croatia Open Umag
Gaki Hip, a pop up museum in Taipei, Taiwan, uses everyday objects like bubble tea, claw-machines and pineapples to encourage visitors to rethink the definition of Taiwan's culture.
In Tokyo, hundreds of Japanese citizens came out on the streets to express solidarity with the oppressed people of Tibet, Xinjiang, Mongolia, Hong Kong and Taiwan.
In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.
Over half, or 269 NSE 500 stocks, have given over 10-fold (10x) returns in the last two decades, finds a recent report by Goldman Sachs that analysed 10 major markets across emerging and developed markets (EM/DM) that covered 6,700 stocks. The report examined '10-baggers' - stocks that have generated at least 10x total returns within a rolling 5-year period over the past two decades. Some of the prominent ones that comprise these 269 stocks in the Indian context stocks that delivered over 10x total returns over a 5-year rolling period since 2000 as per Goldman Sachs includes Westlife Foodworld, Bharti Airtel, Adani Total Gas, Patanjali Foods, Larsen & Toubro, BEML, Blue Star, Shree Cement, Lupin, Godrej Industries, Astral, Adani Enterprises, Hindustan Petroleum and Deepak Fertilisers.
China is expanding its nuclear force and is likely to have a stockpile of about 1,500 warheads by 2035, up from the current estimated number of 400, the Pentagon has said in a report that notes that Beijing aims to expand its national power through both domestic and foreign policy initiatives.
The tests have to be conducted within 72 hours of undertaking the journey to India, Mandaviya said.
The US maintained normal diplomatic relations with the government in Taiwan until 1979, when then-President Jimmy Carter abruptly cut off formal ties with Taipei and recognised the Communist regime in Beijing.
31 passengers are confirmed dead while 12 are still missing, said officials.
The global semiconductor shortage is turning into a headache for automotive (auto) and appliance manufacturers. But it is proving to be a boon for equity investors. Semiconductor stocks are among the best performers this year. The PHLX Semiconductor Index has gained more than 35 per cent year-to-date.
A genuine attempt was made to reset relations in a positive way, signalling a stepping back from the brink of conflict, much to the relief of the world, observes Ambassador T P Sreenivasan.
Aishwarya Rai Bachchan was back on the Cannes red carpet. Not everyone was happy about it.
During a daily briefing, Chinese foreign ministry spokesperson Lijian Zhao said Beijing hopes Washington, DC will work with China to implement the spirit of the two heads of state's virtual meeting through concrete actions to bring bilateral relations back onto the track of sound and steady development.
It's the holiday season and stars make the most of it!
Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.
President Biden has been forced to turn his attention to domestic politics, as he works to hash out a deal with Republicans to prevent the US from defaulting on its debts at the end of this month.
In democratic India, a citizen can be a patriot and at the same time be critical of the government, unlike China which promulgated a national security law in Hong Kong prescribing patriotism to contest elections, observes Rup Narayan Das.
China has operated a fleet of spy balloons targeting several countries including India and Japan, a media report has said, days after the United States military shot down a Chinese surveillance craft floating over sensitive installations in the country.
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