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Eastern Ladakh. The process includes removal of all types of infrastructure and pulling back of troops by both sides, reported ANI quoting sources. The entire process is expected to be completed by Tuesday, October 29. Earlier on Friday, the Chinese Foreign Ministry said the frontier troops of both India and China are engaged in «relevant work» in accordance with the agreement reached between the two nations on issues concerning the border.

Dimon cited nuclear proliferation as the biggest global threat, mentioning that if nations like Iran acquire nuclear capabilities, others will follow, risking major city targets worldwide. He referenced Russia’s actions in Ukraine, highlighting President Putin's nuclear rhetoric as a uniquely dangerous scenario. Also Read: US Elections 2024: One week before polls, betting odds reveal where Trump and Harris stand

Subscribe to enjoy similar stories. Israel’s airstrikes early Saturday didn’t just destroy critical Iranian military infrastructure. They also battered the reputation of Russian military equipment, which has already been pummeled by poor performance during Moscow’s invasion of Ukraine.

Russia wholeheartedly welcomes that the first meeting between the Indian PM and Chinese President has happened in Kazan on the sidelines of the BRICS Summit as dialogue and stable relations between India and China is important for the security of Eurasia. “We are happy that the first meeting between PM Narendra Modi and President Xi Jinping in five years have happened in Kazan. A dialogue and stable relations between India and China is important for the security of Eurasia,” Russian Ambassador to India Denis Alipov said in response to a question by ET at a special briefing on the BRICS Summit. «We are hopeful that India and China, as major civilisations possessing unique political wisdom, will find ways to achieve progress in the border issue and a normalisation of bilateral ties based on mutual respect of sensitive interests,” Alipov noted.

Eastern Ladakh sector, defence sources said on Monday. According to the defence sources, the process is expected to be completed soon. Earlier, the Chinese Foreign Ministry said on Friday that the frontier troops of both India and China are engaged in «relevant work» in accordance with the agreement reached between the two nations on issues concerning the border.

Subscribe to enjoy similar stories. Boeing’s new boss wants to return the manufacturer to its engineering roots. Starbucks’s new chief executive says the chain must embrace its own origins as a coffeehouse.

power sector expansion plans, think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said that India's power sector is facing a 30 per cent shortage of CRGO steel, essential for electric motors and transformers. With domestic production meeting only about 10-12 per cent of demand, India relies heavily on imports, it added. It said the immediate cause of the CRGO steel shortage is import uncertainty caused by the delayed license renewals by the Bureau of Indian Standards (BIS) for many foreign suppliers from Japan, South Korea and China.

«We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,» says Viktor Shvets, Macquarie Capital. Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that there are so many permutations and combinations which are there. US interest rates are likely to go down. China is stimulating their economy. There is a problem in Middle East and yet India seems to be slowing down. So, there are a lot of trends within trends when it comes to the global setup. Viktor Shvets: Well, my view of the world has not changed that much over the last four or five years. Effectively, the way I look at the world as in a twilight. We no longer have recessions. We no longer have recoveries. There is nothing to recover from. We live in a twilight somewhere between recessions and growth. Global growth rates are getting shallower and IMF is correctly highlighting that we are growing 50, 100 basis points less than we used to. But at the same time, we do not have the bad things. We do not have spikes in bankruptcies. We do not have spikes in bad debts.

Manufacturers led by BYD Co. have opened a new front in the fight for dominance of the auto industry by redefining “Made in China” as a global symbol of luxury for the electric-vehicle age. After challenging the likes of Mercedes and BMW AG in their home market, they’re taking the fight to Europe and making inroads. The clearest sign of their impact came on Friday, when Mercedes reported its weakest profitability since the former cars-to-trucks conglomerate broke itself up in 2021 to become more nimble. Porsche AG, the maker of the 911 sports car, said it’s weighing cost cuts and reviewing its model lineup after a demand slump in China caused earnings to plunge.

reverse repo operations facility and would use it to trade with primary dealers in open market operations on a monthly basis. The bank took the decision to maintain a «reasonable abundance of liquidity in the banking system and further enrich the central bank's monetary policy toolbox,» it said in a statement.

US Presidential Election 2024 Live Updates: As the US presidential election campaign heats up with less than two weeks until polling day, both candidates, Donald Trump and Kamala Harris, exchanged sharp criticisms of one another.Former President Donald Trump, during his campaign in Pennsylvania, lashed out at Vice President Harris, claiming that if elected she would "guarantee" the United States would enter World War III and would be ineffective in dealing with global leaders like Chinese President Xi Jinping and Russian President Vladimir Putin, The Hill reported."To make her president would be to gamble with the lives of millions of people. She would get us into a World War III guaranteed because she is too grossly incompetent to do the job," Trump stated.The former first lady highlighted the attack on abortion rights as a sign of potentially harmful restrictions on women’s healthcare.

Subscribe to enjoy similar stories. Equity markets could continue their downtrend, interspersed with a bounce, until after the US presidential elections on 5 November, market experts said.

It is up 4 percent over the March-end levels in volume. The outstanding stock of RBI's gold is 853.6 metric tonnes as of end September 2024. Incremental value of gold in reserves on account of new purchases and valuation of existing stock is about $12.7 billion or almost one third of the $39 billion added to reserves this fiscal.

border patrolling agreement between India and China along the Line of Actual Control (LAC). He, however, also emphasised that it would take time to build trust and willingness between the two nations. Addressing an interactive session with students at FLAME University in Pune, Jaishankar said that since 2020, «The situation in the border has been very disturbed and that's had a very negative impact on the overall relationship».

United States to Taiwan. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to the constant anger of Beijing. On Friday, the Pentagon said the United States had approved a potential $2 billion arms sale package to Taiwan, including the delivery for the first time to the island of an advanced air defence missile system battle-tested in Ukraine.

Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found on Huawei's Ascend 910B, the people said. Huawei is restricted from buying the technology to protect U.S. national security. Reuters could not determine how the chip ended up on the Huawei product. Sophgo, which is affiliated with cryptocurrency mining equipment company Bitmain, did not respond to requests for comment. TSMC declined comment. Huawei did not immediately respond to a request for comment.

Kamala Harris in Michigan on Saturday, while Republican candidate Donald Trump holds his own rally in the battleground state. With some 8.4 million registered voters and 15 electoral college votes of the 270 needed to win, Michigan is one of seven competitive U.S. states that will decide the election. It is part of the «Blue Wall» that is considered Democrats' best chance of electing Harris, along with Pennsylvania and Wisconsin. In Michigan, Harris and Trump are battling for voters that include a large Arab American and Muslim population concerned about Israel's war in Gaza, and union workers worried about how electric vehicles could reshape the U.S. auto industry, which is headquartered in Detroit, the state's largest city.

Subscribe to enjoy similar stories. Tesla has had a special relationship with China allowing it to do things in the country that have been the envy of other U.S. automakers.

Taiwan is making a longshot push to join the International Monetary Fund

developed economy, said ISRO Chairman S. Somanathan, stressing the importance of technological advancements and product development to drive economic growth. He also praised tech mogul Elon Musk for his innovative work in the space sector, noting that Musk's achievements have inspired global efforts, including those within ISRO. Somanathan made these remarks while addressing students at the 13th convocation ceremony of the Indraprastha Institute of Information Technology (IIIT) in Delhi here on Saturday. «If India aspires to become the third, second, or even the first-largest global economy, a revolutionary change is needed. Growth will not be driven by trade and resources alone. We need to create value in technology that powers product development,» he said.

Manish Chokhani of Enam Group says he doesn’t think he can call the entire market a bubble. “Like I said, if the top 40 companies are not trading at excessively crazy valuations, it is certainly there in pockets like we discovered defence, railways, PSUs, in capital goods, lot of multinationals to an extent where every multinational owner of the business across the world has come and sold in India. In the last six months alone $15 billion has gone back to promoters and private equity investors.”