China Financial News
13.05 / 02:13
markets
UPS
Aware
security
economy
Election
consequences
‘Market expecting positive end to the elections’
market around the expected margin of victory. It is too early to say but looking at previous elections the patterns look somewhat similar, namely, high expectations in the beginning, some nervousness during and a positive end. At the end of the day the market is still expecting the incumbent government to win and secure policy stability/continuity.
13.05 / 02:13
UPS
Waters
economy
Sustainability
Parke
Universities
country
park
Tips for India's middle-income journey from top ADB economist Albert Park
Albert Park said, citing the successful experience of other developed economies. India should also commit to remain an open economy and review import tariffs that may be making inputs costlier for sectors where it has an advantage, Park said on the sidelines of ADB’s annual meeting in Tbilisi last week. Park said that if ADB were to do an economic diagnosis of the country, education would be among the priority areas where it should really improve the quality since becoming a middle-income country means moving up the technology ladder.
13.05 / 02:13
markets
UPS
Reuters
Election
Trade
President
Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US consumer sentiment to China CPI
Read here: Week Ahead: Inflation data, Q4 Results, FII activity, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended higher, but lost over 2% each for the week, with heavy selling seen in broader markets. The Sensex gained 260.30 points, or 0.36%, to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. “Heavy FII selling, and concerns over the outcome of ongoing general elections added to the overall pressure in the markets.
13.05 / 02:13
markets
security
Strategy
Sustainability
trends
Trade
recommendations
Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 13
Sensex gained 260.30 points to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. Nifty 50 formed a small positive candle on the daily chart with minor upper and lower shadow. “Technically, this pattern indicates temporary pause in the market after a sharp decline.
13.05 / 00:33
markets
Target
Manufacturing
Apple
Experts
country
electronic
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple has started FY25 with a bang in India — exports of iPhones made in the country nearly doubled in April to $1.1 billion (Rs 9,000 crore) from $580 million a year ago, according to official data reviewed by ET. April is typically a low-export month as there aren’t too many festive sales in any part of the world during the month, experts said. Based on this, they expect the US giant to achieve the Rs 1 lakh crore export mark in FY25 as India emerges as the firm’s second manufacturing base for iPhones outside China. iPhones are only made in India and China and experts estimate that 14-15% production has shifted to India and is likely to reach 26% by 2026. Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
13.05 / 00:15
COST
UPS
Citi
pandemic
reports
Schools
Courts
‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes
BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for about eight years ago.
12.05 / 19:03
UPS
Booking
Platform
Food
trends
Restaurants, food aggregators see record business on Mothers' Day
Restaurants of all formats — from fine dining to casual dining and food aggregator platforms — saw a record number of diners on Mother's Day surpassing the bookings typically seen on New Year's Eve, Valentine's Day and even on regular Sundays,multiple restaurant owners told ET . EazyDiner, a table discovery, reservation, and payment platform that has over 15,000 restaurants listed on it, corroborated the trend. Kapil Chopra, founder, EazyDiner, said the bookings on its platform for May 12 were more than double of what it was last year-which was also a Sunday. The lunch and dinner bookings on the app were up 62% and 198%, respectively, he said, which pulled up the average occupancy across the restaurants to 92%. «Overall, it's an absolutely crazy day. It's 50% higher than New Year's Eve for us. It's a great day for Indians eating out in food and beverage,» Chopra told ET. The maximum growth this year is in Bengaluru, followed by Mumbai and Delhi, he said.
12.05 / 17:41
markets
Digital
Progressive
wellness
Trade
President
No more business class?
European business leaders don't seem much concerned about the prospect of another Trump presidency. Some even view it optimistically. Not even Trump's expected unilateral trade moves seem to alter the equation much. In fact, such a move on Trump's part could provide European business leaders with political cover to help them justify shifting production out of Europe. Motivation to shift capital and production out of Europe go well beyond the oft-cited lower cost of energy. To the West, labour productivity in the US on average grew 0.8 percentage points faster a year between 2008 and 2023 than in the eurozone. To the East, there is high growth potential and associated investment opportunities.
12.05 / 13:47
markets
UPS
Apple
Research
electronic
reports
Apple aims to produce 25% of all its iPhones in India by 2028
₹1 trillion revenue from India operations," said Faisal Kawoosa, chief analyst and founder at research firm Techarc. Emails to Apple, Foxconn and Tata Electronics did not elicit a response till press time. Analysts tracking Apple and the India market said that building a local ecosystem would be crucial for raising the production levels.
12.05 / 13:43
BLOCK
Waters
security
country
International
fencing
MHA directs CAPFs to adopt BSF's 'beehives on border fence' model across the country
Union home ministry has directed all central paramilitary and allied forces to replicate a 'beehives on border fence' beekeeping model initiated by a BSF unit in West Bengal to boost employment opportunities for the locals and create a goodwill with them for strengthening security. Official sources told PTI that the decision was made during a meeting on «scientific beekeeping and honey mission» that was chaired by Union Home Secretary Ajay Bhalla at his office at North Block here in April. The model devised and implemented by the 32nd battalion of the Border Security Force (BSF) deployed to guard the India-Bangladesh international border in West Bengal's Nadia district was «lauded» during the meeting and a direction was issued to all the central armed police forces (CAPFs) to adopt it in their respective areas of responsibility, a senior CAPF officer said. The other border guarding forces, such as the Sashastra Seema Bal (Nepal and Bhutan borders) and the Indo Tibetan Border Police (China LAC), CAPFs like the Central Reserve Police Force (CRPF) and Central Industrial Security Force (CISF) and other forces like Assam Rifles, the National Security Guard (NSG) and the National Disaster Response Force (NDRF) do not have fences to guard but the model can be utilised by them as per their nature of duties, the officer said.
12.05 / 10:19
Digital
economy
Diversity
country
inclusion
innovations
Vaccines
India’s inclusive innovation can shape the world’s digital future
At a time when the world is grappling with shifting global narratives and macroeconomic challenges, India is experiencing a remarkable transformation. Strong demand, resilient supply chains, relentless innovation, rapid digitization at scale, energetic entrepreneurship and a conducive policy-and-investment climate are shaping a new wave of global optimism over India. From governments across Europe and the US to power centres in the Global South, India’s name resonates in discussions on alliances and strategic partnerships.
12.05 / 09:45
markets
UPS
FIVE
Platform
Action
Tesla
EV stocks vroom up to 253% in 1 year. Should you invest?
Tesla chief Elon Musk's visit and potential investment in India and a slowdown in EV sales globally, longer-term investors are sensing enough opportunities in the Indian electric vehicles ecosystem. In the last year, EV-themed stocks have rallied up to 253% with at least 5 of them giving multibagger returns. The possibility of US tariff actions on Chinese EV companies this week by the Joe Biden government will also attract market attention in the favour of Indian companies.
12.05 / 08:53
FIVE
Digital
CEO
economy
Trade
country
India all set to overtake Japan as 4th largest economy by 2025, predicts Amitabh Kant
India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. Currently, India's GDP is estimated to be around USD 3.7 trillion.
12.05 / 08:53
UPS
FIVE
Fighting
security
Election
Campaigning ends for Phase 4 of Lok Sabha polls; 96 seats aross 10 states in the fray on Monday
Campaigning for the fourth phase of the Lok Sabha elections ended on Sunday, with 10 states in the fray in this leg of the polls. Scheduled for Monday, May 13, the fourth phase will see 96 constituencies, across 10 states and union territories, vote in the general elections. In this leg of the polls, there are 4,264 candidates in the fray, with the Telugu states of Andhra Pradesh and Telangana alone accounting for 1,103 and 1,488 candidates.
12.05 / 08:53
FIVE
Remark
Election
BABA
Videos
NOT
Lok Sabha Elections: Rahul Gandhi can be scared of atom bomb, BJP is not, says Amit Shah
Amit Shah on Sunday said Congress leader Rahul Gandhi can be scared of «atom bomb» but the BJP is not, and that Pakistan-occupied Kashmir belongs to India and «we will take it». He was referring to Congress leader Mani Shankar Aiyar's remarks on Pakistan having an atom bomb. Addressing an election rally in Pratapgarh in support of BJP candidate from Kaushambi (SC) Lok Sabha seat, Shah said, «Rahul baba, if you want to be scared of the atom bomb, then be scared, we are not scared. Pakistan occupied Kashmir belongs to India and we will take it.» In a video which had gone viral, Aiyar was heard saying that India should give respect to Pakistan as it is a sovereign nation and engage with it as it also possesses an atom bomb.
12.05 / 08:21
Booking
wellness
country
reports
travelers
Destinations
Spurned by Schengen, Indians are being swayed by the lure of liberal visas
NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.
12.05 / 06:51
Remark
country
exclusive
2020
Interviews
peace
rowing
Hope there is resolution of remaining issues: Jaishankar on eastern Ladakh border row with China
Ladakh military standoff entered its fifth year, External Affairs Minister S Jaishankar said India hopes for a resolution of the remaining issues with China and asserted that a return to normal bilateral ties hinges on peace and tranquillity at the border. In an exclusive interview to PTI, he said the remaining issues mainly pertained to "patrolling rights" and «patrolling abilities». Specifically asked when a resolution to the row can be expected in the backdrop of Prime Minister Narendra Modi's remarks to Newsweek magazine last month, Jaishankar said he only provided a «big picture» viewpoint on the matter. «We would hope that there is a resolution of the remaining issues out there. These issues mainly pertain to patrolling rights and patrolling abilities there,» he said.
12.05 / 05:15
Features
Videos
Realme GT 6T price leaked ahead of imminent India launch: Everything we know so far
₹31,999. At this price, the Realme GT 6T would compete with many top phones in the segment including the Moto Edge 50 Pro and Redmi Note 13 Pro+ Realme GT 6T specifications: Realme GT 6T is likely to be a rebranded version of the Realme GT Neo 6 SE that was launched in China last month.
12.05 / 05:15
Fighting
Remark
Experts
performer
politician
'India has no interest in improving ties with Pakistan...prime external concern is China': Foreign policy expert
‘Can change friends, not...’: Omar on Shankar Aiyar's ‘respect Pak’ remark "An effort to bring down LoC tensions with Pakistan so that more attention could be focused on the LAC (and China challenges beyond)," the expert said. He called the routine bashing of Pakistan performative.
12.05 / 02:51
Citi
Waters
community
War
stage
isolate
International
On This Day: Events in history on May 12; From Florence Nightingale's birthday to Soviet Union ending blockade of Berlin
Berlin in 1949 marked a significant turning point in the early stages of the Cold War. The blockade had begun in June 1948, when the Soviet Union, in response to the introduction of a new currency in West Berlin, cut off all land and water routes into the city, effectively isolating West Berlin from the Western Allies. The blockade led to the Berlin Airlift, a massive humanitarian effort by the United States, United Kingdom, and other Western allies to supply West Berlin by air.
11.05 / 13:39
SUN
Research
Photos
Experts
reports
Northern Lights visible in India? Aurora borealis may glitter tonight in this state
ALSO READ: Northern lights seen across Europe! Strongest solar storm in 20 years brings auroras. See spectacular photos Also known as the Northern Lights, the aurora borealis was visible from Ladakh at 34-36°N, an incredibly rare sight at such low latitudes.
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