China Financial News

₹5,923 per gram of gold. The issue price of the gold bonds will be ₹50 per gram less for those who subscribe online and pay through digital mode. The price of bonds is fixed on the basis of a simple average of the closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Ltd for the last three working days of the week preceding the subscription period.

Belt and Road Initiative (BRI), the scheme’s official name in English, as a gift to the world that has created huge economic benefits. China claims that 420,000 jobs have been created in BRI countries and 40m people lifted out of poverty thanks to BRI-generated growth. America, and many of its allies, see the BRI as far less benign: a political tool aimed at stifling foreign criticism of Mr Xi’s iron-fisted rule and providing a leg-up for his country’s firms that has saddled countries with crippling debt.

The price of uranium surged to its highest price in 12 years amid fears of a supply crunch instigated by a coup in Niger, and Canadian miner Cameco’s decision to curtail production, just as demand for the commodity is poised to increase.

Also Read: India prioritising longer-range nuclear weapons that can reach China; Pakistan remains primary focus: Report Due to the lack of dependable data from sources within Pakistan, the Nuclear Notebook employed a methodology that relied on a blend of open-source materials for their estimates and analytical work, PTI reported. Their information sources encompassed both state-originating data, such as government pronouncements, declassified documents, budgetary details, military demonstrations, and treaty disclosure data, as well as non-state-originating data, including media reports, think tank assessments, and industry publications.

Rocky Mountain Institute (RMI) released on Thursday, it foresees a reduction in battery costs by half during this decade, declining from $151 per kilowatt hour (kWh) in 2022 to a range of $60 to $90 per kWh. This cost decrease is expected to make electric vehicles cost-competitive with petrol cars in all markets by 2030, not only in terms of purchase price but also in running costs. Reportedly, batteries constitute a significant expense, making up approximately 40% of the total cost of an electric vehicle (EV).

Chinese smartphone manufacturer Xiaomi Inc's supplier Dixon Technologies India Ltd will reportedly open a massive new factory on the outskirts of New Delhi, Bloomberg News reported. Chinese-based company Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices. As per the Bloomberg report, Dixon will invest more than ₹4 billion ($48.2 million) over three years in the factory, which is spread over more than 300,000 square feet or the size of six football fields, and will largely produce Xiaomi smartphones.

solar power and electric vehicles this year is smashing the forecasts of the most bullish analysts, giving hope they are on the net-zero path the world needs. If only the same could be said of other forms of clean energy. Take photovoltaic panels. Solar modules last month hit a record low 16.5 cents per watt, according to BloombergNEF, and will slump further to 14.5 cents by the end of the year.

ICRA has published a research note on the Indian apparel export industry. It expects its sample companies to report a mild 2-3% YoY increase in revenues to Rs. 27,255 crore for FY2024. Despite a tepid demand environment in H1 FY2024, ICRA expects the end demand to improve in H2 FY2024, boosting revenues. The retail apparel brands in the US and the EU, which together account for close to 55% of global apparel trade, are expected to liquidate the high inventory build-up of FY2023 and book their orders for the Spring/Summer 2024 season in H2 FY2024.

Xiaomi Inc. supplier Dixon Technologies India Ltd.

Conservative Leader Pierre Poilievre said the union representing WestJet cabin crew should apologize for trying to silence free speech.

rupee ended at 83.03 a dollar. The dollar jumped overnight after US retail sales increased 0.6% in August versus an estimated 0.2% rise. “USDINR is expected to rise towards the higher end of the consolidation range 82.80-83.20 amid firm dollar.

Indian troops are defending every inch of the border with China and not even a single inch of land has been taken over by the neighbouring country in recent years, Ladakh Lt Governor Brig (Retd) B D Mishra said on Thursday. He said infrastructure development is taking place at a rapid pace across Ladakh with roads, helipads, airfields, tunnels and bridges being built, and India will catch up with China in that regard within next four-five years. Brig Mishra (Retd) was in Jammu in connection with a three-day north-tech symposium which concluded at IIT Jammu on Wednesday. The event provided a platform for engagement between the academia and industry to devise unique solutions to meet the army's operational requirements in northern command, while promoting self-reliance in defence production and technology proliferation. «If there is any match to them (China) in Asia, it is India. China is a nefarious country.

Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the good vibes from expectations that tightening campaigns by the world's biggest central banks were close to over. The dollar stuck close to a six-month peak from overnight against major peers, buoyed by robust U.S. economic data, while the euro sagged following the European Central Bank's signal that Thursday's rate hike was probably the last this cycle. Crude oil hit a fresh 10-month top. MSCI's broadest index of Asia-Pacific shares rallied 0.84%. Japan's Nikkei jumped 1.33% to a two-month high. Hong Kong's Hang Seng added 1.2%, and mainland Chinese blue chips rose 0.2%, flipping from early small losses. Australia's stock benchmark surged 1.75%. U.S.

Chandrayaan-3's soft landing on the moon, ISRO's live stream of the event which took place on August 23rd has set a new record on YouTube, with over eight million concurrent viewers. This event marks the highest viewership in YouTube history. YouTube's Chief, Neal Mohan, congratulated ISRO on this remarkable feat.

Oil prices rose to their highest level in 10 months on Friday, after China cut banks' cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end. Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 0.6% at $90.74.

dollar was on the front foot in Asia on Friday, retaining overnight gains against peers after strong U.S. economic data and an ECB rate hike, with traders' attention warily turning to a data deluge from China. U.S.

Indian stock market is expected to open higher Friday led by positive global cues amid improved domestic investor sentiment. Asian markets traded higher, while the US stock market ended with gains overnight amid easing fears of recession in the world’s largest economy. On Thursday, the domestic benchmark equity indices ended at record high level with the Nifty closing above 20,100-mark.

The world is tracking towards 2.5 degrees warming by 2100 and a massive 50 per cent increase in global capital investment is needed to put it on course for net zero emissions by 2050, and to cap warming at the most ambitious goal of 1.5 degrees in the Paris Agreement.

«Overall, we expect the market to maintain its positive trend on the back of strong domestic macroeconomic data. However, bouts of volatility cannot be ruled out given mixed global cues,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, at 20,229.50, signaling that Dalal Street was headed for positive start on Friday.

Beijing is getting bullish about the cross-border use of the digital yuan – with Chinese experts now talking about BRI/“new Silk Road” CBDC integration.

BEIJING — China's National Bureau of Statistics was set Friday to release economic data for August, a day after a surprise rate cut to aid its faltering economy.