'China's action towards India really gives you a good insight into how the Communist Party of China is thinking these days'
While the two leaders have met earlier when Biden was the Vice President of the country, this is for the first time that Biden will be meeting Modi after he became the 46th president of the US in January.
Hundreds of pillow fighters battle it out around the world to celebrate World Pillow Fight Day.
Ultra-long term equity investments have been a lot more rewarding than debt, a study published by Credit Suisse Research Institute in collaboration with London Business School shows. "Over the last 121 years, global equities have provided an annualised real return (in dollar terms) of 5.3 per cent versus 2.1 per cent for bonds," shows the study, which has looked at returns for 23 countries since 1900. In the Indian context, equity returns are even more favourable. Since 1953, equities have generated annualised returns of 6.5 per cent and government bonds only 0.4 per cent.
The list of international sporting events affected by a new virus outbreak in China grew on Wednesday with skiing World Cup races in Yanqing cancelled and Olympic women's football in Australia in doubt over concerns about athletes' safety. Badminton, tennis and basketball were among other sports whose governing bodies were rearranging events, weighing possible changes or monitoring the implications of the outbreak.
72 per cent of the revenue of Indian firms (India Inc) is derived from the domestic / home market - the sixth highest in percentage terms in the emerging market (EM) and the Asian region, said a recent report by Morgan Stanley. The balance, according to the report titled 'Global Exposure Guide 2021' co-authored by analysts led by Jonathan F Garner, their chief Asia and emerging market strategist, is split between the developed markets (DMs) and other EMs. The report is based on an analysis of 3,300 companies globally that have revenue exposure in 17 different regions.
'You can see that in Chinese behaviour in the Yellow Sea, you can see it in their behaviour towards Taiwan, you can see it in their behaviour towards Hong Kong, you can see it on our border as well.'
Presenting the magazine covers which grabbed our attention this year.
The Securities and Exchange Board of India (Sebi) has introduced an optional T+1 settlement cycle for the markets. T+1 means that settlements will have to be cleared within one day of the actual transactions taking place. The regulator has put the onus on the stock exchanges to decide whether they want to opt for the shorter settlement cycle for any of the listed scrips. This can be done after giving a one-month prior notice to all stakeholders.
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.
Jonatan Christie gifted Indonesia the Asian Games gold medal they most yearned for when he beat Taiwan's Chou Tienchen in an exciting men's singles badminton final in front of a vociferous home crowd on Tuesday.
Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.
Summary of sports events and persons who made news on Thursday
Penpa Tsering was on Thursday sworn-in as president of the Central Tibetan Administration, the Dharamshala-based Tibetan government-in-exile, and said he will reach out to the Chinese government to find a "mutually beneficial" and non-violent solution to the Sino-Tibet conflict.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
Taiwan's Hsieh Su-wei has enjoyed double good fortune at Melbourne Park this week.
The United States has made it clear to India that it is "discouraging" it from proceeding with its acquisition of S-400 missile defence systems from Russia but Washington will have to weigh "important geostrategic considerations" while taking a decision on growing calls for a presidential CAATSA waiver to New Delhi, President Joe Biden's nominee for Coordinator for Sanctions Policy has told lawmakers.
'China's opaque defence allocation processes are shrouded in mystery and have triggered security dilemmas among its neighbours and others,' notes China expert Srikanth Kondapalli.
Investments through participatory notes (P-notes) in the Indian capital market surged to a 27-month high of Rs 83,114 crore at November-end driven by continued liquidity and improvement in second quarter corporate earnings. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt and hybrid securities -- increased to Rs 83,114 crore at November-end from Rs 78,686 crore at October-end.
'But one of the important things to remember is that what we are seeing today in India -- the destruction of the forests, the opening up of the forests to mining companies.' 'It's a horrifying thing that's going on.' 'Yet, if you look at who owns the mining companies, you will see that almost always they are vegetarians!' 'They are people, who in their own lives would probably not even hurt an insect, but yet have no qualms about destroying an entire ecosystem.'
Money funds represent less than 5 per cent of broad money supply in India, Canada, Korea and Taiwan.
For the first time, an Indian university has made it to the top 15 of the Times Higher Education University Rankings.
China is engaged in hotly contested territorial disputes in the South and East China Seas. Beijing has also made substantial progress in militarising its man-made islands in the past few years, which it says it has the right to defend.
After opening on a weak note, the 30-share BSE index settled 226.79 points, or 0.55 per cent, higher at 41,613.19 -- hitting an intra-day high of 41,697.03 and a low of 41,275.60. Likewise, the broader NSE Nifty closed 67.90 points, or 0.56 per cent, up at 12,248.25.
Japanese Prime Minister Shinzo Abe said on Monday that the government will keep in close touch with all relevant groups to ensure a virus outbreak does not have affect the Summer Olympics. Olympics Minister Seiko Hashimoto said organisers are not considering cancelling the Olympics, which start on July 24.
Factbox on Iga Swiatek, who defeated Sofia Kenin to win her maiden Grand Slam title at the French Open on Saturday.
China has been taking "incremental and tactical actions" to press its claims at the Line of Actual Control (LAC) with India and has unsuccessfully sought to prevent New Delhi from deepening its relationship with the US during and subsequent to the standoff, the Pentagon has said in a major report on China's military modernisation.
Naga splinter groups impatient with stalled talks as well as rebel Manipuri groups who have a stake in disrupting upcoming elections to the state assembly, are believed to be regrouping in the borderlands of China's Yunnan province and Myanmar, taking advantage of the turmoil in the latter by using it as a transit corridor.
'Gerson existed at the intersection of principle and conscience. 'One of our conversations turned to his return to India from Brazil. 'He spoke about the choices he made and the things he felt he had failed at. 'What emerged was how he always steadfastly stuck to his beliefs and was true to them and himself. 'The need to -- in Spike Lee's words -- Do The Right Thing.' Director Dev Benegal remembers Gerson da Cunha, 'friend, guide, light'.
US President Joe Biden on Wednesday announced that the US will allocate 75 per cent - nearly 1.9 crore of the first tranche of 2.5 crore doses - of unused COVID-19 vaccines from its stockpile through the UN-backed COVAX global vaccine sharing programme to countries in South and Southeast Asia as well as Africa.
'We will stand with friends, partners and allies to advance our shared prosperity, security and values in the Indo-Pacific region'
China has imposed strict quarantine measures for all those returning from other countries.
India's shuttlers, including London Olympics bronze medallist Saina Nehwal, expressed shock after reports emerged that a sparring partner of the Taiwanese national team, who was in Birmingham during the All England Championship, tested positive for the coronavirus.
The Taliban takeover of Afghanistan will inspire terrorists and trigger an "explosion" of extremism and security challenges for the world, UK Defence Secretary Ben Wallace warned on Thursday.
