In the Sensex pack, Yes Bank, Tata Motors, Bajaj Finance, Tata Steel, HDFC twins, IndusInd Bank, RIL, Asian Paints, Hero MotoCorp, Axis Bank, M&M, HUL, Bajaj Auto, NTPC, HCL Tech, Kotak Bank and Infosys fell up to 5.30 per cent.
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
Trump is demanding China to reduce the $375 billion trade deficit and protection of Intellectual Property Rights, technology transfer and more access to American goods to Chinese markets.
A decline in demand from six of India's top 10 import partners -- China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore -- resulted in India's imports hitting a 17-month low of $50.6 billion in January, showed the data compiled by the department of commerce. Shipments from South Korea, Australia, and Singapore declined by 14.1 per cent, 26.7 per cent, and 9.8 per cent, respectively. Among the 10, growth in inbound shipment was seen only in the case of the United Arab Emirates (12.1 per cent), the US (27.4 per cent), Russia (297.4 per cent), and Indonesia (22.9 per cent).
The 50-share NSE Nifty plunged 98.65 points, or 0.87 per cent, to end at 11,278.90.
'...The more the Pakistan army becomes weaker, then there is every possibility that terrorist groups may create more anarchy in Pakistan.'
Qin, who is visiting New Delhi to attend the G20 Foreign Ministers meeting on Thursday, is expected to meet Jaishankar on its sidelines though the foreign ministry here is tight-lipped about it.
He claimed China has a policy of keeping "hot spots like Taiwan, South China Sea and Tawang burning" in order to divert attention to its own failings.
The differences between the US and China over rival free trade agreements being floated by them threatened to derail the APEC Summit which got off to a colourful start in Beijing China on Monday.
'India will want a lot of help from the US, but it's not going to want US troops.'
India is in a much better position to deal with the challenges related to growth and inflation, said Sanjiv Bajaj, president of industry body CII. According to official figures, India's retail inflation continues to remain above the Reserve Bank's tolerance level of 6 per cent since January, while the economic growth in the first quarter of the fiscal was 13.5 per cent, lower than the central bank's estimate of 16.2 per cent. "I don't want to say we don't have our own challenges with growth, with inflation but we are in a much better position and credit must go to everybody including the central and state governments.
Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, it hit a low of 57,577.05 and a high of 58,712.66.
India's goods and services exports have already crossed $675 billion in last fiscal year and the country is now aspiring to take international trade to $2 trillion by 2030, Commerce and Industry Minister Piyush Goyal has said. Interacting with faculty, researchers, and students at the Stanford University here, Goyal also said by the time India would celebrate the 100th anniversary of its independence, it would be a $30 trillion economy. "...by 2047-2050 period, when India would be completing 100 years of Independence, we will be at least a $30 trillion economy on a business as usual scenario and possibly a $35-45 trillion economy if some of the aggressive plans that the government is putting together work well.
Dubbed as "Jobs Governor", Haley turned South Carolina's economy around during her tenure as governor and transforming the state into a manufacturing powerhouse. She cut taxes, repealed burdensome regulations, and turned South Carolina into "the Beast of the Southeast". Under her leadership, figures note, the state's unemployment rate hit a 15-year low, and when she left office, South Carolina was at full employment.
Move 10 per cent of your portfolio to the yellow metal.
Indian drug firms continue to work closely with the FDA, and most have also appointed consultants to help them grasp the regulatory minutiae in the US.
India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.
To ramp up domestic battery manufacturing capacity and reduce the dependence on imports, the government has initiated talks with a few lithium-rich countries to supply the mineral to Indian companies, industry sources informed Business Standard. The Ministry of External Affairs (MEA) held a meeting with the ambassadors of countries, including Argentina, Chile, and Bolivia, among others, to put forth its request.
'There are certain critical deficiencies like shortage of fighter squadrons and force multipliers which must be addressed on priority to retain our combat edge'
Presiding over the third Atal Bihari Vajpayee memorial lecture that was delivered by former Singaporean diplomat Bilahari Kausikan in New Delhi, Jaishankar also hailed Vajpayee's stint as an external affairs minister, and his role in strengthening India's ties with the United States and Russia.
The war of words between China and the US heated up on Tuesday with an American Admiral defending last week's US naval ship's foray near Chinese-made artificial islands in the area while Beijing blasted the move as a "blatant provocation".
Rather, cold reactions are expected considering the contentious issues the US is bound to raise -- Taiwan, human rights, and North Korea.
Panagariya urged the government to undertake labour law reforms and make land acquisition more flexible to attract the multinationals.
'Amongst all the Southeast Asian countries, 2011 has witnessed one of the greatest changes in Myanmar. A military dictatorial regime in power for decades made way for an elected government; albeit not as per democracy's definition by the book, but, at least a transition towards a freer nation.'
Last week, the Pakistan Air Force (PAF) held a ceremony marking the induction of the Chinese-made fighters into its arsenal.
Biden and Xi shook hands and greeted each other with smiles, standing in front of a row of US and Chinese flags.
Deployment of THAAD in South Korea could unfold a new cataclysm in the Korean Peninsula with unwelcome prospects.
The balloon, which was being used by the People's Republic of China in an attempt to surveil strategic sites in the continental United States, was brought down above US territorial waters.
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 Parliament on Wednesday passed a bill which seeks to provide a statutory framework for the functioning of the National Anti-Doping Agency and the National Dope Testing Laboratory.
Terming the outcome of the UN climate summit in Copenhagen as an abject failure, scientists and environmental groups have blamed the US and China for blocking a legally binding treaty on reducing global warming.
US House Speaker Nancy Pelosi's plane landed in Taiwan amid a heightened security threat from China, media reports said on Tuesday.
US and China will remain at the forefront of global technological innovation with the cloud-enabled consumer technology and business transformation for enterprises leading the chart.
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.
In January last year, the US signed the first phase of the trade deal with China, which former President Donald Trump described as historic, concluding more than a year of tough negotiations including several months of suspension of talks between the two largest economies of the world.
Known to be having extensive expertise in dealing with India's neighbourhood as well as the US, China and Europe, the 1988-batch Indian Foreign Service (IFS) officer pipped nearly half-a-dozen others in the race for the coveted post including Indian High Commissioner to UK Gaitri Issar Kumar (1986-batch IFS) and Ruchira Kamboj (1987 batch IFS).
The two countries agree to work together on the scientific, technical, and policy aspects of biofuels development, production, and use. These areas include biomass production and sustainability, conversion technologies, bio-based products, and rural development strategies.
China and the United States on Monday held high-level defence talks after a year-long hiatus and discussed about their mutual fears over the strategic perceptions and military strengths but agreed to build stronger military ties to avoid any "misunderstandings" leading to confrontation.
After a year-long hiatus, the US and China resumed high-level defence talks to improve relations in the field and iron out differences over each other's strategic perceptions in the regional and global arena. US Defence Secretary Robert Gates and Chinese Defence Minister General Liang Guanglie began their talks as the two countries try to improve bilateral military ties and discuss ways to ease US concerns about China's military modernisation.
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