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Government sources told TOI that ministries pitching for new sectors under the PLI scheme have been asked to go back to the drawing board and revise their proposals with a 360-degree perspective. Footwear, toys, textiles, and speciality chemicals were among the sectors seeking inclusion under the scheme, which aims to build a large domestic production base to cater to both local and export markets.

Zhipu AI unveiled a free AI agent on Monday, joining a wave of similar launches in China's increasingly competitive AI market. The product, called AutoGLM Rumination, can perform deep research as well as tasks including web searches, travel planning, and research report writing, CEO Zhang Peng said at a lunch event in Beijing. The agent is powered by Zhipu's proprietary models, including its reasoning model GLM-Z1-Air and foundation model GLM-4-Air-0414. The company claims GLM-Z1-Air matches rival DeepSeek's R1 in performance while running up to eight times faster and requiring only one-thirtieth of the computing resources.

NDRF) team has begun rescue operations under Operation Brahma at the U hla thein monastery, where around 170 monks are still stuck, the Ministry of External Affairs (MEA) stated on Monday. The Army team will visit the hospital site on Monday and will setup their Medical Services on Tuesday. The NDRF are also trying to get the NDRF team deployed at the Sky Villa (where four towers of 11 storeys each have collapsed). The towers have several foreigners. The relief material (arriving tomorrow) will also be given to the Secretary General of state Mahanayak Committee (2nd highest of the Committee in Myanmar) where around 2,000 monks are sitting outside the monastery. The monks are not injured, but they have nowhere to go and have no basic amenities. Teams will also be deployed to the Mandalay Palace, Maha Muni Pagoda, MIIT, and other such places where substantial damage has occurred. The teams are providing assistance to members of Indian community for their stay and food. Rescue efforts are underway in Myanmar after a devastating 7.7-magnitude earthquake struck the country, killing at least 1,700 people and leaving widespread destruction in its wake. The quake, which was felt as far away as Bangkok and Chinese provinces, has left many more injured or trapped under rubble, CNN reported.

Subscribe to enjoy similar stories. The conventional economic case for globalization and free trade has emphasized the aggregate gains that they bring, including enhanced productivity, faster technological change and wider consumer choice. However, a critical aspect often overlooked is that globalization inevitably creates both winners and losers in the short term, even though its long-term effects are broadly positive for society as a whole.

Donald Trump has launched a volley of tariffs impacting allies and adversaries this year, promising «Liberation Day» on Wednesday with action targeting countries that have persistent trade gaps with his country.

F-35, a fifth-generation fighter, was developed in partnership with eight countries, making it a model of international cooperation. When President Donald Trump introduced its successor, the F-47, he praised its strengths — and said the version sold to allies would be deliberately downgraded. That made sense, Trump said last week, «because someday, maybe they're not our allies.» For many countries wedded to the United States, his remark confirmed a related conclusion: that America can no longer be trusted. Even nations not yet directly affected can see where things are heading, as Trump threatens allies' economies, their defense partnerships and even their sovereignty. For now, they are negotiating to minimize the pain from blow after blow, including a broad round of tariffs expected in April. But at the same time, they are pulling back. Preparing for intimidation to be a lasting feature of U.S. relations, they are trying to go their own way. A few examples:

Donald Trump’s “Liberation Day.” In India, which keeps getting pilloried by the US president as an exemplar of bad behavior in trade, the reciprocal tariff announcement of April 2 has acquired a fervent overtone. In preparation, New Delhi is offering one sacrifice after another, hoping that the angry god of the White House will let it go with nothing more serious than a slap on the wrist. The latest peace offering is the decision to do away with a 6% tax on ads that local businesses place with foreign search engines, social media and e-commerce firms. This is Prime Minister Narendra Modi’s way of telling Trump, “Look, we aren’t China. Not only do we allow Alphabet Inc. and Meta Platforms Inc. to hog our digital-advertising pie, if you want us to make it cheaper for them to operate, that’s fine, too.” Also Read: India open to clearing import duty hurdle for US auto parts The sacrifice is a win for Trump, though it isn’t much of a loss for Modi. Known colloquially as the “Google Tax,” the levy was a bad idea when it was introduced in India’s 2016 budget. Since then, domestic advertisers have had to withhold 6 cents on the dollar when they get their bills from places like Ireland, where online platforms typically book their revenue. Just like Trump’s tariffs will be mostly paid by American consumers, the burden of the so-called Indian equalization levy had to be absorbed not by the tech platforms, but by the advertisers. It pushed up costs for local businesses. Where would they advertise, if not on Google or Facebook?

Authorities have looked in recent months to revive confidence in the Chinese economy, grappling with a prolonged property sector crisis and now under increasing pressure from fresh trade tensions with the United States. The Purchasing Managers' Index — a key measure of industrial output — came in at 50.5 in March, according to the National Bureau of Statistics (NBS), above the 50-point mark that separates growth and contraction. The reading for March was up from February's 50.2, and the highest in twelve months. Manufacturing was boosted by workers' return to work after the traditional Spring Festival travel period in February and the fact that «enterprises' production and operating activities accelerated,» NBS statistician Zhao Qinghe said in a statement.

The Huizhou 19-6 oilfield lies about 170 kilometres (100 miles) from Shenzhen in south China's Guangdong Province, Beijing's Xinhua news agency said. Test drilling has yielded a daily production of 413 barrels of crude oil and 68,000 cubic meters of natural gas, the CNOOC said. The state-owned oil giant's CEO, Zhou Xinhuai, hailed «successive breakthroughs in oil and gas exploration in the eastern waters of the South China Sea». CNOOC «has discovered 100-million-ton oilfields for two consecutive years, which creates a new growth pole for the continuous growth in offshore oil and gas production,» he added.

Subscribe to enjoy similar stories. With Myanmar devastated by an earthquake that has claimed more than 1,600 lives, India has initiated efforts to assist it in relief and rescue missions. Under Operation Brahma, two naval ships with relief supplies were despatched.

Liberation Day, U.S. President Donald Trump announced on Sunday that the reciprocal tariffs he plans to unveil this week will apply to all nations, not just a select group of 10 to 15 countries with the largest trade imbalances. Trump has pledged to introduce a sweeping tariff plan on Wednesday, a move he has dubbed «Liberation Day.» He has already imposed tariffs on aluminum, steel, and automobiles, alongside heightened duties on all imports from China. «You'd start with all countries,» Trump told reporters aboard Air Force One. «Essentially all of the countries that we're talking about.» White House economics adviser Kevin Hassett recently told Fox Business that the administration’s tariff focus would be on 10 to 15 nations with the most significant trade imbalances, though he did not specify which ones. Meanwhile, India is considering reducing or even eliminating customs duties on auto parts imported from the US, a government official told ET. The move comes as part of efforts to strengthen trade ties, with officials believing it would not significantly impact the domestic industry. Trump views tariffs as a means of shielding the domestic economy from unfair global competition and as leverage for negotiating better trade terms for the U.S.

economic policies under President Donald Trump have altered the US economy. Tariffs, tax changes, deregulation and shifts in spending have influenced trade, markets and public confidence. These changes have sparked discussions about their long-term effects, media reports said.

JD Vance spoke to US service members in Greenland about its importance to national security. He admitted he recently realized its strategic role. His visit followed President Donald Trump’s view that the US needs Greenland for security. The trip faced backlash from Greenland and Denmark.

Before visiting India, Welder admitted he had certain preconceived notions about the country’s public transport. “Before coming to India, the stereotypes about public transport in the country were demolished or old buses and trains and noisy tuk-tuks and rickshaws,” he wrote, caling Indian public transport better than Western Europe's. However, after using the metro, he was impressed by its world-class features and even compared it to some of the best systems globally.

The inflow of low-cost imports, particularly from China and Vietnam, remains a concern for domestic manufacturers, ISSDA President Rajamani Krishnamurti said in reply to a query on the outlook for Q1 FY26. «The stainless steel sector is also likely to encounter challenges such as volatile raw material prices, especially for key inputs like nickel and ferroalloys,» he said.

Pete Hegseth called Japan on Sunday an «indispensable partner» in deterring growing Chinese assertiveness in the region and announced upgrading the US military command in Japan to a new «war-fighting headquarters.» Hegseth, who is on his first Asia trip with Japan as his second stop, also stressed the need for both countries to do more to accelerate the strengthening of their military capability as the region faces China's assertive military actions and a possible Taiwan emergency. «Japan is our indispensable partner in deterring Communist Chinese military aggression,» Hegseth said at the beginning of his talks with Japan's Defence Minister Gen Nakatani in Tokyo. «The US is moving fast, as you know, to reestablish deterrence in this region and around the world.» His comments come as an assurance at a time when Japan has been worried about how US engagement in the region may change under President Donald Trump's «America First» policy, Japanese defence officials said, speaking on condition of anonymity, citing protocol. ALSO READ:'I am almost done...': Elon Musk to step down from DOGE and quit Washington DC after $1 trillion in US govt cuts

Subscribe to enjoy similar stories. Washington Post technology reporter Eva Dou’s House of Huawei promises to unravel the enigma of the Chinese telecom titan Ren Zhengfei, and how he built the world’s largest telecommunications equipment company by revenue. That it ends up more like a diligent history lesson than a sharp expose isn’t entirely Dou’s fault.

Subscribe to enjoy similar stories. For the past few weeks, Chinese engineers have gathered in the factory of a luxury electric-vehicle brand to test a new technology the country’s leadership considers vital to its rivalry with the U.S. The engineers at a startup called UBTech are training humanlike robots to sort auto parts and move containers.

Subscribe to enjoy similar stories. The US Trade Representative team’s talks in Delhi last week with Indian officials can be seen as part of an effort to find a way to avoid President Donald Trump’s tariffs on Indian exports that mirror the burden faced by US goods entering India. The US and India, once tethered to market debates in a transactional context, now navigate a relationship redefined by supply-chain wars, tech supremacy and containment of China.

Under the mission, India has launched initiatives addressing various aspects of the Innovation landscape, from infrastructural capacity building to spurring innovation. India has allocated approximately 10,300 rupees under this mission over the coming five years. A major focus of the mission is to build high-end common computing facilities equipped with 18,693 Graphics Processing Units.

The countries' three trade ministers agreed to «closely cooperate for a comprehensive and high-level» talks on a South Korea-Japan-China free trade agreement deal to promote «regional and global trade», according to a statement released after the meeting. «It is necessary to strengthen the implementation of RCEP, in which all three countries have participated, and to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations,» said South Korean Trade Minister Ahn Duk-geun, referring to the Regional Comprehensive Economic Partnership. The ministers met ahead of Trump's announcement on Wednesday of more tariffs in what he calls «liberation day», as he upends Washington's trading partnerships. Seoul, Beijing and Tokyo are major U.S. major trading partners, although they have been at loggerheads among themselves over issues including territorial disputes and Japan's release of wastewater from the wrecked Fukushima nuclear power plant.