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Sensex tanks nearly 1,200 points: FPI selling, weak global cues drag markets

Sensex tanks nearly 1,200 points: FPI selling, weak global cues drag markets

Mon, Jan 06, 2025

Sensex nosedives nearly 1,200 points as HMPV virus fears, FPI outflows, weak global cues, and earnings jitters weigh heavily on markets, with smallcap and midcap indices slipping up to 2%.

India-China troops begin disengagement at 2 friction points in Ladakh

India-China troops begin disengagement at 2 friction points in Ladakh

Fri, Oct 25, 2024

The border standoff between India and China began in eastern Ladakh along the LAC in 2020, sparked by Chinese military actions.

China emerges as India's top import source during April-September 2024

China emerges as India's top import source during April-September 2024

Wed, Oct 16, 2024

China has emerged as India's top import source with $56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data.

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No, China will not beat India to fastest growing economy tag; here is why

No, China will not beat India to fastest growing economy tag; here is why

Wed, Apr 18, 2018

The International Monetary Fund (IMF) says that India will retain its top spot as the world`s fastest growing economy, helped by structural reforms and the fading of the effects of demonetisation and the new goods and services tax system.

Comparisons between India, China unfair: Raghuram Rajan

Comparisons between India, China unfair: Raghuram Rajan

Fri, Apr 13, 2018

Rajan, who is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago's Booth School of Business, gave The 2018 Albert H Gordon Lecture on April 11 at the Harvard Kennedy School on the topic ?Leverage, Financial Crises, and Policies to Raise Economic Growth'.

Gold hits one-week high on dollar weakness, geopolitical tensions

Gold hits one-week high on dollar weakness, geopolitical tensions

Wed, Apr 11, 2018

Russia and the United States tangled on Tuesday at the United Nations over the use of chemical weapons in Syria as Washington and its allies considered whether to strike at President Bashar al-Assad`s forces over a suspected poison gas attack last weekend.

China-Pakistan Economic Corridor being extended to Afghanistan: Report

China-Pakistan Economic Corridor being extended to Afghanistan: Report

Sun, Apr 08, 2018

China-Pakistan Economic Corridor: The BRI has injected "fresh vitality" to Asia's economic cooperation and helped the continent to reshape its international relations, said the Asian Competitiveness Annual Report 2018 released here on the sidelines of China's Boao Forum for Asia (BFA) annual conference

Donald Trump says he sees an end to the escalating trade dispute with China

Donald Trump says he sees an end to the escalating trade dispute with China

Sun, Apr 08, 2018

Donald Trump said in a tweet. "Taxes will become reciprocal & deal will be made on Intellectual Property. Great future for both countries!" He added that he and Chinas President Xi Jinping "will always be friends, no matter what happens with our dispute on trade." US stocks plunged more than two per cent Friday after Trump warned of tariffs on an additional USD 100 billion of Chinese imports, provoking a strong response from Beijing and fanning fears of a full-blown trade war

US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China

US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China

Sat, Apr 07, 2018

This, despite the fact that the Dow plummeted 550 points yesterday amidst reports of a growing tension between the two largest economies of the world. US President Donald Trump yesterday ramped up his trade war rhetoric with China, seeking USD 100 billion in additional tariffs on Chinese products. This is in addition to the proposed 25 per cent import tariffs worth USD 50 billion on some 1,300 Chinese products being imported into the US

US-China trade war: Winners and losers from trade tit-for-tat

US-China trade war: Winners and losers from trade tit-for-tat

Thu, Apr 05, 2018

The trade tension brewing between the world`s two largest economies hit global markets, with shares of industrial companies with exposure to Chinese markets, such as Boeing Co and Deere & Co, among the hardest hit.

China hits back at US with 25% tariff hike on American products

China hits back at US with 25% tariff hike on American products

Wed, Apr 04, 2018

The Chinese Customs Tariff Commission of the State Council, in a retaliatory measure, decided to impose additional tariff of 25 per cent on 106 items of products under 14 categories worth USD 50 billion, the Ministry of Finance said in a statement. The date of implementation will depend on when the US government imposes the tariffs on Chinese products.

Centre imposes 10% tax on import of key smartphone parts to boost PM Modi's Make in India drive

Centre imposes 10% tax on import of key smartphone parts to boost PM Modi's Make in India drive

Mon, Apr 02, 2018

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors. The move, part of a phased manufacturing plan for lifting local production of mobile devices, is aimed at boosting Prime Minister Narendra Modi`s flagship `Make In India` drive to turn the country into a manufacturing hub, like neighbouring China.

How China can help India take a giant leap in Artificial Intelligence

How China can help India take a giant leap in Artificial Intelligence

Mon, Apr 02, 2018

Measured by start-up financing deals and dollars from venture capitalists, the United States` AI start-up ecosystem currently dominates -- followed by China, says a recent Accenture analysis titled "Rewire for Growth". When it comes to India, the number of AI start-ups has increased since 2011 at a compounded annual growth rate of 86 per cent .

US-China Trade War: From pork to fruit, Beijing slaps tariffs on 128 US products

US-China Trade War: From pork to fruit, Beijing slaps tariffs on 128 US products

Mon, Apr 02, 2018

China`s tit-for-tat move comes after US President Donald Trump announced to impose trade charges of up to $60 billion on Chinese imports on March 22 and did not revoke them despite Beijing`s stern warning. The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 per cent on 120 items of products imported from the US including fruits and related products, and a tariff of 25 per cent on eight items of imports including pork and related products from the country, according to a statement posted on the ministry website

OBOR important initiative to foster regional cooperation, but entails risks as well: IMF

OBOR important initiative to foster regional cooperation, but entails risks as well: IMF

Fri, Mar 30, 2018

IMF Managing Director Christine Lagarde will travel to Beijing early next month to attend the joint IMF-PBC, the Peoples Bank of China conference on the Belt and Road Initiative.

Trade war: China warns US not to open Pandora's Box, unleash protectionist practices on world

Trade war: China warns US not to open Pandora's Box, unleash protectionist practices on world

Thu, Mar 29, 2018

China`s biggest US imports are aircraft and related equipment, soybeans and autos, with the total bill about $40 billion last year. "The malicious practices of the United States are like opening Pandora`s Box, and there is a danger of triggering a chain reaction that will spread the virus of trade protectionism across the globe," a commerce ministry spokesman said.

Must tweak rules to stop entry of Chinese fabrics: Official

Must tweak rules to stop entry of Chinese fabrics: Official

Wed, Mar 28, 2018

According to the official, India allowed duty-free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted. "Bangladesh imports Chinese fabrics and converts them into garments using its cheap labour. It exports these garments to India without the need for paying any import duties

India, China agree to draw roadmap to address trade deficit: Com Min

India, China agree to draw roadmap to address trade deficit: Com Min

Tue, Mar 27, 2018

India and China have agreed to draw a roadmap with clear timelines to boost bilateral trade in a sustainable manner, the commerce ministry said today. Trade and other related issues were discussed during the meeting of China-India joint-group on economic relations, trade, science and technology h

China promises to address trade deficit issue with India

China promises to address trade deficit issue with India

Mon, Mar 26, 2018

The issue of trade imbalance with the neighbouring country was discussed in detail during the meeting of India-China Joint Group on Economic Relations, Trade, Science and Technology here. Commerce and Industry Minister Suresh Prabhu and his Chinese counterpart Zhong Shan chaired the meeting. Both the sides deliberated upon ways to boost two-way trade, preparation of an action plan, greater focus on Regional Comprehensive Economic Partnership (RCEP) and e-dialogue

Narendra Modi-Xi Jinping will 'definitely' meet during SCO summit:India's envoy

Narendra Modi-Xi Jinping will 'definitely' meet during SCO summit:India's envoy

Sat, Mar 24, 2018

The Shanghai Cooperation Organisation (SCO), a China-dominated security grouping, is increasingly seen as a counterweight to NATO. The SCO summit is due to be held in the Chinese city of Qingdao from June 9-10. In an interview to Hong Kong-based South China Morning Post, Bambawale said: "During that (SCO summit), we will definitely have a bilateral meeting between Prime Minister Modi and President Xi Jinping. And before that happens we want to have a lot of other meetings"

China's attempt to change status quo may lead to another Doklam: Indian envoy

China's attempt to change status quo may lead to another Doklam: Indian envoy

Sat, Mar 24, 2018

IGautam Bambawale said the best way to prevent Doklam-like stand-off incidents is through candid and frank talks. In an interview to the Hong Kong-based South China Morning Post, Bambwale said the un-demarcated border between India and China is "the most serious problem between the two countries" and they need to redefine the boundary soon. Bambawale said New Delhi will oppose the China-Pakistan Economic Corridor (CPEC) but won`t let the difference over Belt and Road become a dispute with Beijing

China says ready to defend its interests in US trade spat

China says ready to defend its interests in US trade spat

Sat, Mar 24, 2018

The call between Mnuchin and Liu, a confidante of President Xi Jinping, was the highest-level contact between the two governments since U.S. President Donald Trump announced plans for tariffs on up to $60 billion of Chinese goods on Thursday. The escalating tension sent shivers through financial markets as investors foresaw dire consequences for the global economy if trade barriers start going up

China should not seek high growth as financial risk mounts: Party official

China should not seek high growth as financial risk mounts: Party official

Sat, Mar 24, 2018

Xi Jinping said China should focus on the quality of its growth last October at the opening of the twice-a-decade Communist Party congress . Economists say better-than-expected growth in 2017, when the country handily beat its target of around 6.5 percent, gives Beijing room to press ahead with its campaign to reduce risks in the country`s financial system. But economists warn that it remains to be seen whether China will fall back on the old growth engines of credit-fuelled investment and policy stimulus, and wobble on its commitment to stabilise leverage ratios

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