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Subscribe to enjoy similar stories. India has levied anti-dumping duties on five Chinese products that were being imported below market prices, raising suspicion of their being “dumped" here.

Asian stocks rose early Tuesday after US equities enjoyed one of their best sessions of the year, fueled by signs that President Donald Trump’s trade sanctions will be narrower than feared. Indexes in Australia and Japan advanced after Wall Street’s risk-on bid lifted shares of nearly all stripes in a rebound from a sharp selloff that has challenged the notion of US exceptionalism. The Nasdaq 100 added 2.2%. Hong Kong stocks were poised to drop at the open. Treasuries were little changed in Asian trading following a nine basis point climb in the 10-year yield to 4.33% on Monday.

foreign selling. The rebound on the heels of a prolonged period of gloom has helped the main indices erase all their 2025 losses. The rupee advanced to 85.63, its strongest this year against the dollar, rising for the ninth day in a row. The NSE Nifty rose 307.95 points or 1.32% to close at 23,658.35. The BSE Sensex rose 1,078.87 points or 1.4% to end at 77,984.38. Both indices are up 5.1% in the six trading sessions. «Monday's upside was due to a combination of short covering, and expectations of some relaxation or less punitive tariffs which were supposed to be implemented on April 2,» said Pankaj Pandey, head of retail research at ICICI Direct.

Novo Nordisk A/S agreed to pay United Laboratories International Holdings as much as $2 billion for a next-generation obesity drug, the Danish Ozempic maker's latest move to refill its pipeline of experimental treatments. Novo will pay Hong Kong-based United Laboratories $200 million upfront for the drug, which combines three different mechanisms in an effort to treat obesity as well as diabetes and other diseases, the companies said Monday. Novo agreed to pay as much as $1.8 billion if the drug reaches certain development and sales goals. The deal comes amid growing skepticism from investors that Novo's next-generation portfolio will be sufficient to keep it on top of the hypercompetitive market for weight loss treatments. German software developer SAP SE unseated Novo as Europe's most valuable public company on Monday. Novo's shares traded down as much as 3.1% in Copenhagen. United Laboratories will retain rights in China for its compound, which works in a similar way to Novo rival Eli Lilly & Co.'s retatrutide — considered the strongest among the next-generation drugs currently in late-stage human trials.

Xiaomi Corp kicked off a share sale that may fetch as much as $5.3 billion, capitalising on a surge in the Chinese company's stock price to help raise funds to expand its electric-vehicle business. The Beijing-based company is offering 750 million shares at HK$52.80-54.60 apiece, according to terms of the deal. That's a discount of 4.2% to 7.4% versus the stock's last close in Hong Kong. Investor demand met the size of the offering by Monday evening, according to people familiar with the matter, who asked not to be identified because they're not authorised to speak publicly about the matter. The offering, which comes weeks after EV giant BYD Co's $5.6-billion fundraising, builds on what's shaping up to be a bumper year for share sales in Hong Kong. After years of slumping, the city's benchmark stock index is among the world's best performers this year, fuelling optimism for a rebound in deals in the Asian financial hub.

privileged strategic partnership" with India, Russian Foreign Minister Sergey Lavrov said on Monday. Lavrov said at an event that Russia is actively expanding ties with countries like China, India, Iran, North Korea and Commonwealth of Independent States (CIS) countries, the state-run TASS news agency reported on Monday. «We prioritize boosting ties with the majority of global states,» he said at a meeting of the board of trustees of the Alexander Gorchakov Public Diplomacy Fund. «The relations of comprehensive partnership and strategic cooperation with the People's Republic of China boast an unprecedented level of mutual trust. Particularly privileged strategic partnership is developing with India,» the top Russian diplomat said. Lavrov added that serious progress has been reached in expanding and deepening of friendly ties with such states as Iran and North Korea. Moscow puts special emphasis on strengthening of all areas of cooperation with allies and partners among CIS member states, including within the framework of the Commonwealth, as well as the Collective Security Treaty Organization and the Eurasian Economic Union, Lavrov said.

Elon Musk work to overhaul the federal government, they’re forcing out thousands of workers with insider knowledge and connections who now need a job, as per a report. For Russia, China and other adversaries, the upheaval in Washington as Musk's Department of Government Efficiency guts government agencies presents an unprecedented opportunity to recruit informants, national security and intelligence experts say, AP reported. Mass layoffs and resignations at the federal government are prompting concerns that a disgruntled former employee may seek to sell secrets to a foreign power. National security experts say that while the overwhelming majority of federal workers are conscientious patriots who would never sell out their country, it would only take one or two informants to cause a significant national security crisis. Counterespionage is a concern even when the federal workforce is stable. But in recent weeks President Donald Trump and Elon Musk’s Department of Government Efficiency have slashed thousands of jobs. National security and intelligence experts say Russia, China and other adversaries will seek to take advantage of the opportunity. “This information is highly valuable, and it shouldn’t be surprising that Russia and China and other organizations — criminal syndicates for instance — would be aggressively recruiting government employees,” said Theresa Payton, a former White House chief information officer under President George W. Bush, who now runs her own cybersecurity firm.

BEIJING — Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors for building more efficient artificial intelligence models, according to a source familiar with the matter.

Donald Trump and billionaire Elon Musk work to overhaul the federal government, they're forcing out thousands of workers with insider knowledge and connections who now need a job. For Russia, China and other adversaries, the upheaval in Washington as Musk's Department of Government Efficiency guts government agencies presents an unprecedented opportunity to recruit informants, national security and intelligence experts say. Every former federal worker with knowledge of or access to sensitive information or systems could be a target. When thousands of them leave their jobs at the same time, that creates a lot of targets, as well as a counterespionage challenge for the United States. «This information is highly valuable, and it shouldn't be surprising that Russia and China and other organisations — criminal syndicates for instance — would be aggressively recruiting government employees,» said Theresa Payton, a former White House chief information officer under President George W. Bush, who now runs her own cybersecurity firm. Many agencies oversee crucial data Each year an average of more than 100,000 federal workers leave their jobs. Some retire; others move to the private sector. This year, in three months, the number is already many times higher.

manufacturing expansion failed to offset a slowdown in the services sector, a private survey showed on Monday. HSBC's flash India Composite Purchasing Managers' Index, compiled by S&P Global, slipped to 58.6 in March from February's final reading of 58.8, lower than a Reuters poll's median prediction of 59.0. The 50-mark divides growth from contraction. The manufacturing PMI index increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years. But the dominant-services sector's PMI index fell to 57.7 from 59.0 in February, contributing to the fall in the overall index.

AI models that would cut costs by 20%, according to people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba and Huawei Technologies, to train models using the so-called Mixture of Experts machine learning approach, the people said. It got results similar to those from Nvidia Corp. chips like the H800, they said, asking not to be named as the information isn’t public. Ant is still using Nvidia for AI development but is now relying mostly on alternatives including from Advanced Micro Devices Inc. and Chinese chips for its latest models, one of the people said. The models mark Ant’s entry into a race between Chinese and US companies that’s accelerated since DeepSeek demonstrated how capable models can be trained for far less than the billions invested by OpenAI and Alphabet Inc.’s Google. It underscores how Chinese companies are trying to use local alternatives to the most advanced Nvidia semiconductors. While not the most advanced, the H800 is a relatively powerful processor and currently barred by the US from China.

Subscribe to enjoy similar stories. China’s armed forces are more ready than ever to surround the self-ruled island of Taiwan, cut it off from the world and try to squeeze it into submission. A Chinese blockade of Taiwan would be an act of war that sparks a global crisis.

US stock-index futures climbed in early Asia trading on signs that the next round of President Donald Trump’s trade tariffs could be more measured than had previously been suggested. S&P 500 futures rose, Japanese shares fluctuated between gains and losses in early trade, while Australia’s market fell. The dollar was softer against major peers, while the 10-year US Treasury yield advanced.

Adani Green, Adani Enterprises, NCC, Dr. Reddy’s, Max Healthcare, and Apollo Hospitals will be in focus due to key developments. Godrej Properties: Godrej Properties has acquired 10 acres of land in Bengaluru, with an estimated revenue potential of Rs 2,500 crore. The proposed development will have a saleable area of about 1.5 million square feet and will offer homes in various configurations, catering to different segments of homebuyers.

Fractal Analytics, a Mumbai-based artificial intelligence company, has proposed to build India’s first large reasoning model (LRM) at a total project cost of Rs 118.8 crore. In a proposal to the IndiaAI Mission, Fractal has sought an external funding of Rs 76.6 crore from the government for the initiative. The proposed LRM series will include a small model (2-7 billion parameters), medium model (20-32 billion parameters) and a large state-of-the-art model (70 billion parameters) with up to 1 trillion training tokens.

US tariff war, said Ronald O'Hanley, chairman and chief executive officer of State Street, one of the world's largest custodian banks and asset managers. In an interview with Nishanth Vasudevan during his visit to Mumbai last week, Boston-based O'Hanley spoke about the US economic outlook, China and India's instant equity trade settlement plans among various topics. Edited excerpts: There seems to be a lot of uncertainty among investors around the tariff war ignited by the US. What is your reading?

borderless world' was first propagated by Kenichi Ohmae, author of The Mind of the Strategist, in the 1990s. He predicted an era in which national boundaries would become less significant, and the free flow of goods, services, capital and information would define global trade and commerce. His theory embodied the zeitgeist of late 20th-century trade. The dawn of the 21st century appeared to vindicate his foresight, with trade liberalisation, tech breakthroughs, and MNCs propelling the globe toward economic interdependence. But the question now is whether idealism survives the political opportunism. The Trump administration's tariffs and economic nationalism raise the question of whether the era of a borderless world is coming to an end. With political slogans such as 'America First', and MAGA, Trump seeks to recalibrate trade dynamics by imposing punitive tariffs on imports from countries like Canada, Mexico, India and China.

Trump, who says he wants to be remembered as a peacemaker, has repeatedly said that he wants the three-year conflict in Ukraine to end and has warned of the risks of it escalating into a world war between the United States and Russia. There have so far been two announced phone calls between Putin and Trump this year — on Feb. 12 and on March 18 — though there has been speculation about much more frequent contact, and also reports that they spoke before Trump was elected last year. When asked by the most prominent Kremlin correspondent for state television about remarks by Trump that indicated there may have been more than two calls, Kremlin spokesman Dmitry Peskov said information had been released about those calls he knew of. «Listen, we inform you about the conversations that we are aware of. But we can't rule out everything else,» Peskov said.

GJEPC) officials said. China's economic slowdown coupled with plunging marriage rates in the country created a chilling effect in the Chinese diamond market valued at around USD nine billion. Last year, China's diamond market generated about USD 5.7 billion in revenue, and is expected to grow to USD 7.2 billion by 2030, according to market analysts. The demand for diamonds has fallen by as much as 50 per cent in China, while wholesale diamond prices have fallen by about 40 per cent over the past two years, creating a major downturn in the global diamond industry especially that of India as it accounted for a third of India's cut and polished diamond exports.

Subscribe to enjoy similar stories. SINGAPORE—China is pushing its commercial space industry to grow in a bid to spur greater innovation and close the gap with Elon Musk’s SpaceX. At least six Chinese rockets designed with reusability in mind are planned to have their maiden flights this year.

India has imported 8.47 lakh tonnes of di-ammonium phosphate (DAP) fertiliser from China till February in the current fiscal year, government data showed. The Chinese imports represent 19.17 per cent of India's total DAP imports of 44.19 lakh tonnes during the period. In the previous fiscal year, China accounted for 22.28 lakh tonnes, or about 40 per cent, of India's overall DAP imports of 55.67 lakh tonnes. DAP is the second most widely used fertiliser in India after urea. The country also imports DAP from Russia, Saudi Arabia, Morocco, and Jordan, both as finished fertiliser and raw materials such as rock phosphate and intermediate chemicals. For the ongoing rabi season, domestic availability of DAP fertilisers has exceeded the estimated requirement of 52 lakh tonnes, with 48 lakh tonnes already sold. As of March 11, India maintained a closing DAP stock of 9.43 lakh tonnes. Domestic production of DAP and complex fertilisers has been constrained by several factors, including marketing limitations, high finished goods inventory and insufficient manpower.