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'.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
However, the World Bank has projected India's GDP growth rate at 7.5 per cent for the next three financial years, including the current one.
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
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).
The recent report in the New York Times that China had brought India's financial capital - Mumbai - to a halt by hacking the electricity supply grid has not come as a surprise to the CTOs (chief technology officers) and cyber security experts. Indian companies, including critical infrastructure providers such as power grids, ports and radar systems, lack the IT infrastructure to prevent hacking from hostile state actors like China and North Korea, warn security experts. Recently, the United States government warned of yet another breach of critical systems tied to Microsoft Exchange email systems that the company has blamed on China. The breach has impacted thousands of organisations in the US and its impact on India is still unknown.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
In India, economic activity slowed substantially in 2019, with the deceleration most pronounced in the manufacturing and agriculture sectors, whereas government-related services sub-sectors received significant support from public spending, the Bank said.
The papers said India is using the Dalai Lama as a "diplomatic tool" against China for its "vice like veto" against India's membership in the Nuclear Suppliers Group and United Nations ban on Jaish-e-Mohammed chief Masood Azhar.
Growth in emerging market and developing economies will slow to 4.4 per cent in 2014, before rising to 5.0 per cent in 2015, it said.
In advanced economies, growth is strongest in the United States, says IMF.
India has the ability in all respects to be a great power and address our security challenges in the best national interests, says Commodore Venugopal Menon (retd).
Chinese Foreign Minister Wang Yi arrived in India Thursday evening in the highest-level visit between the two countries after the ties came under severe strain following the eastern Ladakh standoff nearly two years ago.
Apple's newest phone iPhone 14 will be made in India as the global tech titan bets big on the manufacturing prowess of the world's second-biggest smartphone market after China.
The breadth, indicating strength of the market was strong
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
The world is seeing an "explosion" in seizures of power by force and military coups are back, UN Secretary General Antonio Guterres told world leaders on Tuesday, lamenting that geopolitical divisions are undermining international cooperation as he called for strengthening global governance and re-igniting multilateralism.
China has protested to India over Chief of Defence Staff General Bipin Rawat's reported remarks about Beijing constituting the "biggest security threat", the Ministry of Defence here said on Thursday.
The rupee weakened by 27 paise to trade at six-week low of 60.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
'No matter what Modi may boast about 'new India', the geopolitical reality is that India's stature diminishes when it needs a small country like Saudi Arabia under an autocratic ruler to help out with what is arguably one of the most critical templates of its diplomacy,' says Ambassador M K Bhadrakumar.
'Many senior officers are unhappy with him, but many lower level officers are still supportive.' 'This is also not something that has happened for a long time. So this is certainly a milestone.'
'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'
Although as per the IMF-OECD estimates, an incremental growth of 1.8 per cent in global GDP is achievable
China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has been opposing the Quad alliance since its formation.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). "India takes the second spot after China as the most sought-after manufacturing destination globally," Cushman and Wakefield said in a statement. The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland. In last year's report, the US was at second position while India ranked third.
Asian Paints was the top loser in the Sensex pack, dropping 2.16 per cent, followed by Axis Bank, Bajaj Auto, SBI, NTPC and Bajaj Finance.
2020 has dimmed the animated bulbs that create magical images and transform Kolkata into a mesmerising fairyland during Durga Puja.
The bank is expected to report a pre-tax profit of $21 bn.
ICICI Bank, SBI, Axis Bank and HDFC Bank dipped between 1-2% each.
The broader markets are, however, outperforming the larger peer.
'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'
Both the indices ended at their highest levels since February 1.
India attracted an estimated $49 billion FDI in 2019, a 16 per cent increase from the $42 billion recorded in 2018.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
UK Prime Minister Boris Johnson was supposed to be the chief guest at Republic Day, but due to the surge in COVID-19 cases in the UK and the spread of a new strain, he cancelled his visit. Johnson is scheduled to visit India in April.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
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