China Financial News

₹34,000 crore in April and May, overseas investors bought Indian equities worth more than ₹12,000 crore this month so far.However, for the first fortnight of June, FPIs remained net sellers in domestic markets, as their total outflows stood at ₹3,064 crore. In precise, between June 1 and 15, FPIs were sellers to the tune of ₹12,519 crore across 11 sectors, while they infused funds worth ₹9,455 crore in 12 sectors, data from National Securities Depository Ltd (NSDL) showed.Sunil Damania, Chief Investment Officer, MojoPMS believes FPIs have altered their position in the equity market following the election results.

Poland’s President Andrzej Duda is in China on a visit that brings the leader of a NATO member to a country that has backed Russia in its full-on invasion of Ukraine

Nanda's job at General Electric Co. back then was putting some plastic between the bumper and the beam of a Suzuki Swift. The plastics division, which traced its history to the early days of synthetic rubber, had hired the young engineer from the state-run Defense Research & Development Organization, placed him at one of GE’s new facilities on the outskirts of Bengaluru, and asked him to find a cost-efficient way to reduce the impact on pedestrians in auto accidents.

Non-Resident Indian (NRI) investors. The NDA's consistent emphasis on economic reforms, infrastructural development, and ease of doing business has historically resonated well with the investor community.This new tenure promises to build upon these foundations, potentially offering numerous opportunities for NRI investors.

When Steve Bannon is unhappy with Donald Trump, you know the former President has taken a good turn. Mr. Trump did so last week in saying he’d like to give a green card for residence in the U.S.

A cybersecurity intelligence company says a suspected Chinese state-sponsored hacking group has intensified attacks on Taiwanese organizations, particularly those in sectors such as the government, education and technology

shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021. The rate for a 40-foot container to Genoa, Italy, from China hit $7,029 over the past week, the highest level since September 2022, according to the Drewry World Container Index released Thursday. The cost to Rotterdam increased to $6,867. Both rates have essentially doubled since April. Register for the ET MSME Day 2024 here.

Jindal Steel’s capacity expansion will fuel growth, but beware the China factor Despite the settlement, the controversy resurfaced when Earlyman Films and Kondurkar Studio, which claimed credit for the campaign, entered it in the Cannes Lions awards and the Kyoorius Creative Awards 2024. While the Kyoorius committee, after reviewing the case with industry juries and a legal team, decided to disqualify all entries from Kondurkar Studio and Earlyman Films across categories, the campaign went on to win a Silver Lion and a Bronze Lion at the 2024 Cannes Lions in the Film Craft category. This was despite the ongoing legal and ethical questions about its origin, rekindling the debate over who rightfully owns the idea behind the campaign.

PlayStation 5, PC, and Nintendo Switch. Games don’t get much sillier than Super Monkey Ball Banana Rumble, the latest version of Sega’s most adorable franchise. The premise is simple enough: You control a monkey in a ball, and you zip around 3D mazes while collecting fruit and other goodies. You can compete against up to 15 other simians in a variety of multiplayer games like “Ba-Boom!” — an explosive version of hot potato. Or you can take on adventure mode, with more than 200 levels that you can explore solo or with up to three friends. Peel out Tuesday, June 25, on Nintendo Switch, as per an AP report.

India, said people with knowledge of the matter. That’s prompted some Indian companies to resume their pursuit of government approval for joint ventures (JVs) with Chinese partners, they said. These approvals are being given on acase-by-case basis, the people said. For instance, Haier Appliances India has got government nod to invest Rs 184 crore in AC component manufacturing after almost two-and-a-half years. The Department for Promotion of Industry & Internal Trade had directed the Chinese firm in November 2021 to take Press Note 3 clearance for its proposal under the production-linked incentive scheme for white goods.

China says it has banned a number of business units of American aviation maker Lockheed Martin Corporation and three of its executives over arms deals with Taiwan, the self-ruling island it claims as its own territory

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

A pipeline project built with China's support that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with neighoring Benin

India and Bangladesh bolster ties as New Delhi tries to become a regional power.

An aerial drone likely launched by Yemen’s Houthi rebels struck and damaged a vessel in the Red Sea

electric vehicles (EVs) being imported into the European market, senior officials of both sides said on Saturday. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China.

New Delhi:A Bengaluru-based Indian technology company is among at least 10 firms from several countries against whom Japan has imposed sanctions for allegedly helping Russia evade punitive economic measures.The actions against the companies including asset freeze and export bans were announced by the Japanese Foreign Ministry.The other companies belonged to China, Kazakhstan, Uzbekistan and the United Arab Emirates.The West and its allies have imposed strict punitive trade and economic sanctions against Russia over its invasion of Ukraine.Japan has introduced punitive measures under the Foreign Exchange and Foreign Trade Act, the Japanese foreign ministry said in a statement.It named the Indian company in the list of firms which will be facing sanctions from the Japanese government.Last week, Japanese Prime Minister Fumio Kishida said at the G7 summit in Italy that his government is imposing sanctions on companies and groups which are helping Russia evade economic sanctions.The G7 grouping has imposed a series of punitive sanctions against Russia including asset freeze for its invasion of Ukraine.Japan has already imposed punitive measures on a number of Russian companies.

America and Europe are heading down different roads in response to China’s emergence as an electric-vehicle juggernaut. The U.S. is closing its borders to Chinese EVs before they even launch.

Encounters with terrorists in Jammu and Kashmir have led to the seizure of highly encrypted Chinese telecom gear "Ultra Set", an equipment used by the Pakistani army that has ended up in the hands of terror groups, officials said. This has also raised concerns over undetected infiltrations from across the Line of Control and terrorists potentially residing in the outskirts of cities and villages, they said. The seizure of the mobile handsets used by foreign terrorists, primarily from Pakistan and its occupied Kashmir, indicate that terror groups are receiving training, weapons and ammunition from state actors in Pakistan, said the officials aware of the matter.

EVMs, Communist Party of India (Marxist-Leninist) Liberation general secretary Dipankar Bhattacharya said the country may probably have to go back to ballots. In an interview with PTI editors at the agency's headquarters, the CPI (ML) Liberation leader also raised concerns over alleged "saffronisation" of education and stock market "scam" driven by exit polls. Highlighting his concerns around the conduct of the 2024 general elections and the Electronic Voting Machines (EVMs), Bhattacharya said the opposition had sought 100 per cent VVPAT counting in the elections, but it was turned down by the Supreme Court. The Voter Verifiable Paper Audit Trail (VVPAT) is an independent vote verification system which permits an elector to see whether his vote was cast correctly.

Will reforms take a backseat? We now have a BJP/Modi-led coalition Government in place, and several key ministries are in the same hands as they were earlier, including finance. The reality, however, is that this is a coalition Government with the support of JDU and TDP and other allies, and the question is whether, in this context, several critical and long pending reforms will take a back seat.