China Financial News

Ola Electric has emerged as the leading patent publisher in the country for the 2022-23 period. According to data from Intellectual Property India, Ola Electric has published 205 patents in the EV and EV-related technologies space, surpassing its competitors. TVS follows in second place with 156 published patents, while Suzuki, Honda, and BYD hold third, fourth, and fifth place respectively, with 78, 77, and 58 published patents. Ola Electric aims to raise Rs 5,500 crore through its IPO by issuing new shares. The company's draft papers filed with Sebi show that some existing shareholders will also be selling over 9.5 crore shares. Out of the funds raised, Ola Electric plans to allocate Rs 1,600 crore for research and development (R&D), highlighting the importance of innovation in its business model. With R&D centers in India, the UK, and the US, Ola Electric is dedicated to designing and developing new EV products and core components. Its R&D efforts focus on battery technology, software related to EVs, vehicle safety and security, controllers, motors and transmissions, as well as vehicle body components, artificial intelligence, and other related technologies.

Sanjiv Bhasin, Director, IIFL Securities, says they remain extremely bullish on this space. There will be upgrades, downgrades at new highs. Who thought Tata Steel will go to Rs 165 from Rs 100 in the last six months and right now, SAIL is the new GAIL. So, one can imagine the left-out feeling. Bhasin says: “We continue to be very optimistic. Our dark horse play there continues to be Nalco, JSW and Vedanta.” Over the last week, the metal pack had a very solid run. But today, CLSA has downgraded JSW Steel as well as Tata Steel. Do you think they are a bit too conservative and early in downgrading or do you think the rally has played out? Sanjiv Bhasin: Since a couple of weeks ago, I have been saying that the dollar is headed lower and if China comes back, we will see metals do well. We have seen that there has been no capacity addition. And I think the way nickel, copper, all both ferrous and non-ferrous are performing, this could be a very sweet time for metals, particularly commodities, particularly metals. And we remain extremely bullish on this space.

Investing.com-- Most Asian stocks fell slightly on Monday, weighed chiefly by caution ahead of China’s national congress for 2024, although a sustained rally in technology stocks saw Japanese markets make new highs.

BEIJING (Reuters) — China's leading electric vehicle (EV) maker BYD (SZ:002594) on Monday launched a new version of its best-selling car at a price lower than the final price of its discontinued predecessor, as a price war rages in the world's largest automobile market.

Chinese Vice President Han Zheng has pledged to provide more opportunities for foreign companies in China as the government tries to restore confidence in the world’s second largest economy

One burning issue dominates as the 2024 session of China’s legislature gets underway this week: the economy

The former chairman of the state-owned Bank of Beijing is under investigation for corruption, the latest in a series of graft investigations focused on the country’s financial sector

₹1.5 trillion providing the building blocks for the critical semiconductor value chain of design, fabrication, assembly, testing, marking and packaging. Key among these proposals is the partnership between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation for a ₹91,000-crore fabrication plant with a capacity of 50,000 wafer starts per month. This chip capacity will grant traction at last to India’s long-standing quest for self-sufficiency in semiconductors, or near freedom from reliance on overseas suppliers.

Also Read: Week Ahead: Macro data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,600 this week The Indian bourses, BSE and National Stock Exchange (NSE), held a special live trading session on Saturday, March 2, to assess the resilience of their disaster recovery systems. On Saturday, the stock market indices ended with marginal gains after hitting record highs during the day. The Sensex gained 60.80 points, or 0.08%, to close at 73,806.15, while the Nifty 50 settled 39.65 points, or 0.18%, higher at 22,378.40.

MUMBAI : Apples, cashews or the weather? You may soon be able to trade on the prices of these and several more on an exchange platform, with the finance ministry expanding the list of commodity derivatives that can be offered on national stock exchanges. The finance ministry has notified 13 new commodities for derivatives trading, including manganese, freight (road, shipping and airways), weather, cement, bitumen, apple, cashew, garlic, skimmed milk powder, white butter, timber, bamboo and palladium.

By Kevin Yao

By Marc Jones, Xie Yu and Scott Murdoch

first searched in 2018. He said he has invited the company to meet him to evaluate new scientific evidence it has to find the plane's final resting place. If the evidence is credible, he said, he will seek Cabinet's approval to sign a new contract with Ocean Infinity to resume the search.

Pakistan on Sunday protested India's action on a Karachi-bound ship from China on suspicion of 'consignment for nuclear programme'. Calling the action an "unjustified seizure" of commercial goods destined for Karachi, Pakistan clarified that the consignment was a "simple case" of the import of a commercial lathe machine by a commercial entity which supplies parts to the automobile industry in this country.

Pakistan with China, was blocked at some places. The spokesman for the northern Gilgit Baltistan region, Faizullah Faraq said the snowfall was unusually heavy for this time of year. Authorities have also advised the tourists against traveling to the north of Pakistan due to weather conditions.

Mint looks deeper into the third quarter performance and the prospects for the next few quarters. After strong growth in the first two quarters of 2023-24 (8.2% in Q1 and 8.1% in Q2), it was expected that the economic expansion will moderate to 6.5% levels in the third quarter. This was because manufacturing, mining and electricity sectors were showing signs of weakness, and an uneven monsoon was hurting agricultural output.

In her interim budget last month, Nirmala Sitharaman proposed establishing a panel to deliberate on challenges arising from population growth and demographic changes so that India can attain developed country status by 2047. To this effect, it becomes critical to decipher the intricacies of these challenges and delineate a clear path forward. What precisely are these challenges, and how can they be effectively confronted to pave the way for a prosperous and inclusive future? I present six challenges that hold the key to unlocking India's true potential. 'Fast population growth,' while historically significant, is not the paramount challenge we confront today. Surpassing China as the world's most populous country last year marked a watershed moment. But recent data heralds a major shift: India stands on the brink of achieving a total fertility rate of 2.1, a threshold revered as 'replacement level fertility' by demographers. While this milestone doesn't signify an immediate halt to population growth, it signals a pivotal juncture in our demographic evolution.

By Danial Azhar and Mandy Leong

Solo Leveling episode 9 is set to air on Sunday, March 10, 2024, at 12 am JST in Japan. Fans worldwide can stream the episode on Crunchyroll and other platforms at various times, depending on their time zone.

Pakistan on Sunday protested India's «unjustified seizure» of commercial goods destined for Karachi, saying the consignment was a «simple case» of import of a commercial lathe machine by a commercial entity which supplies parts to the automobile industry in this country. The comments by the Foreign Office came after security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system.

AI) and Deepfakes, External Affairs Minister S Jaishankar has stated that these pose a threat to India’s national security. “When we think of security, it is not just the defence of the borders, it is not countering terrorism alone…. But there is the daily routine which is so susceptible today to manipulation and this is growing,” Jaishankar said during a discussion about his latest book organised by India’s leading public policy body Ananta Aspen Centre here on Saturday evening. “Today foreign interference in this country is growing. It is important for the average person to understand how the world is changing because it is an era of AI and deepfakes,” he said.