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security situation in Jammu and Kashmir is «comfortable to hold elections,» defence minister Rajnath Singh told ET, adding that the final decision rests with the Election Commission (EC). EC has decided to hold only Lok Sabha elections — being held across the country in phases until June 1 — in the current poll cycle in the Union Territory. The Supreme Court earlier said Jammu and Kashmir assembly elections should be held by September. These were last held in 2014. «The final decision will be with EC, but we do want polls to take place,» said Singh. «The security situation is comfortable to hold elections. In terms of (security) data, I would say we are 95% there.»

ALSO READ: US Fed bets reprice: China, Japan, South Korea and India look attractive On April 30 (Tuesday), reports on employment cost index for first quarter (Q1) and consumer confidence for April will be unveiled. On May 1 (Wednesday), data on ADP employment for April, auto sales for April, and ISM manufacturing for April will be released. On the same day, FOMC (Federal Open Market Committee) interest rate decision will be announced, followed by Fed Chair Jerome Powell’s press conference.

Musk posted a picture with Qiang and said, "We have known each other now for many years, since early Shanghai days." ALSO READ: Top News Today: Elon Musk's surprise China visit, AdaniConneX securing loans, PM Modi in Karnataka and more Chinese state media reported that the Tesla CEO met Premier Li Qiang in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation, Reuters reported. During his tour, Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas. The US electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago.

Adani Enterprises and private data centre operator EdgeConneX, said on Sunday it has secured financing from lenders of up to $1.44 billion to build data centres. Meanwhile, Tesla Inc. Chief Executive Officer Elon Musk made a surprise visit to China on Sunday to meet Premier Li Qiang.

Tesla founder and CEO Elon Musk has met with a top government leader in the Chinese capital, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show

Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations

TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of others

Home products retailer Williams-Sonoma will have to pay almost $3.2 million penalty for violating a Federal Trade Commission “Made in USA” order

TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to U.S. officials.

TikTok spent the past four years trying to fend off a U.S. ban, but it never figured out Washington. The law signed by President Biden on Wednesday requiring a sale or ban of the popular app was in part the product of tectonic shifts in U.S.-China relations and coordinated, stealthy efforts by its critics on Capitol Hill.

Now the online platform she relies on to support her family is poised to be banned in what entrepreneurs using TikTok condemn as an attack on their livelihoods.

Defence Minister Rajnath Singh on Sunday said talks between India and China are going smoothly and in a good environment, and India will never bow down. Singh, who is in Ahmedabad to campaign for BJP candidates contesting the Lok Sabha elections, said India has become a powerful country from a military standpoint and wants to maintain good relations with its neighbours. «India is no longer a weak India. India has also become a powerful country from a military point of view. We want to maintain good relations with our neighbouring countries,» the minister said when asked about Congress leader Rahul Gandhi's accusation against the Narendra Modi government over Chinese aggression. Talks between India and China are going on smoothly and in a good environment over whatever issues there are, he said.

steel imports continue to surge, Tata Steel CEO T V Narendran has said there is a need to be watchful about the situation. The comment comes at a time when India has reported a 38 per cent surge in steel imports to 8.319 million tonnes, becoming a net importer of the commodity during the 2023-24 financial year. Speaking to PTI, the industry executive said, «It would be a pity if the situation continues in the long run. We have to be watchful about imports.» As long as it is unfair imports, the government needs to deal with it, Narendran said without elaborating further.

Taliban seized power in Afghanistan, China has kept its aim sharp at the country's mining sector through its investment initiatives, thus ensuring an influence on it, reported Khaama Press. Beijing, has notably, focused on the country's vast mineral deposits since the Taliban gained control of Afghanistan.

Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

India's dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing's share in New Delhi's imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China is a cause of concern, and the strategic implications of this dependency are profound, affecting not only economic but also national security dimensions. From 2019 to 2024, India's exports to China have stagnated at around USD 16 billion annually, while imports from China have surged from USD 70.3 billion in 2018-19 to over USD 101 billion in 2023-24, resulting in a cumulative trade deficit exceeding USD 387 billion over five years. The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said.

Stock Market News: Following a five-day surge, the domestic benchmark indices, the Sensex and Nifty 50, buckled under selling pressure on Friday as investors reduced their exposure to banking, and financial stocks amid mixed global cues. According to reports, traders stated that continuing outflows of foreign funds, a falling rupee, and rising global crude prices further weighed on sentiments. Sectoral indices were mixed bag; the Nifty Consumer Durables index finished 1.72% higher than the Nifty Financial Services index, which ended 0.89% lower.

BEIJING—In 2019, a little-known Chinese carmaker named Zhido went bust after Beijing cut subsidies for the tiny electric cars it made, crushing its sales. Now it is back. Earlier this month, the company released a boxy new mini-electric vehicle called “Caihong," or “Rainbow" in Chinese, which comes in seven pastel colors—including “Mint Mambo"—and has a starting price equivalent to around $4,400.

Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down. The Japanese yen slumped as BOJ Governor Kazuo Ueda played down the impact on inflation from a weakening currency. While he’s indicated a preference to proceed gradually with rate increases, Ueda is trying to avoid restraining the economy. That’s becoming even more challenging after US data this week indicated inflation accelerated in the first quarter, reinforcing expectations the Federal Reserve is likely to keep interest rates higher for longer.

Chinese stocks and driving value investment strategies in Asia. Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities.

tornado that struck Guangzhou, in southern China, reported CNN, citing Chinese state media. Guangzhou, a city of 19 million people in southern China, has been witnessing tornadoes at level-three intensity, two below the highest level of five.