Sharath Kamal's illustrious two-decade career came to an end on Saturday as he lost to Snehit Suravajjula in the men's singles round of 16 match at the WTT Star Contender 2025.
The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5, people familiar with the matter said.
If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
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.
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
Top-seeded Diana Shnaider breezed past Australia's Priscilla Hon 6-4, 6-1 to reach the quarterfinal round at the Hong Kong Tennis Open on Wednesday.
President Xi Jinping has said that no one can ever stop Taiwan's reunification with China as he signed off 2024 amid growing anxieties in the country over the continued slowdown of the economy and the return of Donald Trump, who has threatened to impose punitive tariffs and trade measures against Beijing in his second term.
Romania's Ana Bogdan advanced the quarterfinals of the Japan Open with a 6-0, 7-6 (5) victory over No. 4 seed Marie Bouzkova of the Czech Republic on Thursday in Osaka.
China has defended its plan to build the world's largest dam on the Brahmaputra River in Tibet, assuring that the project will not affect riparian states and safety issues have been addressed through decades of studies. The dam, estimated to cost USD 137 billion, has raised concerns in India and Bangladesh, but Chinese authorities maintain that the project has been thoroughly studied and safeguards are in place. The dam is part of China's efforts to develop clean energy and respond to climate change.
On Monday, the Indian women's team comprising Manika, Sreeja and Archana had prevailed over higher-ranked Romania 3-2 in a thrilling tie to enter the quarter-finals.
China has launched a host of reforms to halt the slow down of the economy, which is hovering around seven per cent with forecasts that it would dip down further.
Arvind Panagariya heads the government's main economic advisory body.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July. During the current financial year up to August, the central bank had sold a net $1.11 billion. The RBI sold a net total of $6.49 billion worth of the foreign currency in August, according to the central bank's monthly bulletin.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
Reports says the Chinese are targeting for 50 per cent of China's trade to be invoiced in the domestic currency over the next five years.
The depreciation in the yuan has led to a decline in all emerging market currencies
Yuan's fall would worsen India's trade deficit with China.
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.
Images from Day 6 of the Paris 2024 Paralympic Games on Tuesday, September 3, 2024.
This is the first time a country has won all the diving events at one Games.
No. 1 seed Aryna Sabalenka of Belarus had little trouble getting past China's Qinwen Zheng in a group-stage match at the WTA Finals on Saturday, prevailing 6-3, 6-4 in Riyadh, Saudi Arabia.
No single individual, institution, or action is to blame for this. The BJP is responding in kind -- definitely not without checking with its government. And they wait for Mr Trump, notes Shekhar Gupta.
The rupee remains overvalued against the currencies of India's trading partners, even as it hit record lows against the dollar in August and September. According to the Reserve Bank of India's (RBI) real effective exchange rate (REER) index, the rupee stood at 5.5 per cent above its fair value in August, down from 7.7 per cent in July. This slight easing followed fears of a US recession and the unwinding of yen carry trades, which exerted pressure on the Indian currency.
Beijing is aggressively pushing, with some success, the internationalisation of its currency.
The rupee has depreciated by 0.95 per cent in two days.
China will reform its foreign exchange system in an orderly way and will not bend to pressure from the US to float the yuan, governor of the People's Bank of China, Zhou Xiaochuan has asserted.
Overall, yuan payments value in April decreased by 7.73 per cent from a month earlier
China is not manipulating its currency, but the yuan remains undervalued, the Obama administration told the US Congress in a report.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
China, which is the second highest spender on defence after the United States, has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending.
China plans to achieve a high quality and efficient annual growth rate of 7 per cent during the 12th Five-Year Plan, starting this year, which is not easy by any means.
The rupee is currently hovering around Rs 65/USD at 2-year lows.
Companies such as Larsen & Toubro and Bharat Heavy Electricals Ltd believe the undervalued renminbi (yuan) gives Chinese goods an unfair advantage in Indian markets.
The rupee fell to a two-year low of 64.84 against the US dollar.
Yuan broke Stephens when the American was serving for the match at 6-5. Stephens led 5-4 in the tie-break but could not hold on to her advantage and crashed out.
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