China Financial News

MUMBAI : The Supreme Court on Friday dismissed a petition by Guangdong Oppo Mobile challenging a Delhi Court order that directed the Chinese smartphone maker to deposit 23% of the amount paid towards “royalty"under a 2018 licensing pact for alleged infringement of the Finnish company’s (Nokia) three standard essential patents in cellular technology. While the top court allowed Oppo three weeks to comply with the high court order, it held that there was no justification to intervene at this stage. India comprises 23% of Oppo’s global sales.

stock prices soar and fall as the LK-99 video went viral. The investor attention prompted Shanghai-listed Benefo, which rose 34% in recent days, to clarify that it has no related work now to room-temperature superconductivity.

China, which sort of leads the pack, is one of the Biggest Brothers. (To know about North Korea, one has to take a peek in, which is tough.) After curbing citizens' access to several internet platforms that people in other countries take for granted, the nanny state HQed in Beijing is apparently proposing new measures to curb the amount of time kids can spend on their phones.

By David Brunnstrom

On Thursday, Binance announced Kristen Hecht as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO), a new role amid potential fraud charges from U.S. regulators.

By Simon Lewis and David Brunnstrom

Oppenheimer have caused at the box office worldwide is disruptive. Hashtag ‘Barbenheimer’, as the two movies that released on July 21 are called together, continues to rule the ticket windows. So, who will even attempt to beat Barbenheimer? Let’s take a look.Meg 2: The Trench, a sequel to the 2018 movie The Meg, releases on August 4, 2023, and will hope to challenge some of the ticket sales of Barbie and Oppenheimer from Friday. Five years ago, The Meg had opened with £3.7 million in early August 2018, ending with total collections of £15.9 million. Actor Jason Statham reprises his role in the sequel to the shark movie. Other cast members include Cliff Curtis, Sienna Guillory, Shuya Sophia Cai, and Skyler Samuels. Meg 2 is predicted to have an opening weekend range from $22 million to$27 million.

Morgan Stanley upgrading the rating on Indian equities to “overweight” and moving it to the 1st position in the basket of Asian emerging markets ex-Japan. The ratings upgrade reflects India’s growing absolute and relative attractiveness as an equity market, according to Ridham Desai, managing director at the global investment firm.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

₹2,773.73 crore in the quarter ended June 2023, registering a sharp growth of 97.6% from ₹1,403.61 crore in the same quarter last year. The firm's standalone revenue from operations during Q1FY24 jumped 23% to ₹24,368 crore from ₹19,813 crore, YoY.

Covid pandemic. Nationwide, just 52,000 people arrived to mainland China from overseas on trips organized by travel agencies during the first quarter, the latest period for which national data is available, compared with 3.7 million in the first quarter of 2019. As in past years, nearly half of the visitors came from the self-ruled island of Taiwan and the Chinese territories of Hong Kong and Macau, rather than farther-away places like the U.S.

In their «Flow Show» note Friday, BofA analysts said tech stock inflows are accelerating.

India’s overall pharma imports, bulk drugs continue to contribute 55-66 per cent and dependency on China for the same is expected to remain high in the coming years, report from CareEdge showed on Friday. The report revealed that India's 43 per cent of total pharma imports are from China, indicating a heavy dependency and raising concerns due to the on-going geopolitical tensions between the two Asian countries. «The contribution of bulk drug imports from China has exhibited significant growth in both value and volume terms, increasing from 64% and 62% during FY14 to 71% and 75% during FY23, respectively,» the report said.

jewellery and has potential to become the market for the world, CK Venkataraman, MD, Titan Company, said that all the circumstances are in the country’s favour. “It is what the industry can shape into.

Elon Musk, to deny Taiwan access to Starlink. Mr Musk’s other big firm, Tesla, has a large factory in Shanghai. Last year he suggested giving China some control over Taiwan in order to resolve their dispute.

The action may reduce inbound shipments of these commodities from China and Korea. Importers of these commodities would now be required by the government to get authorization or a license for their inbound shipments. As per government officials, the limitation will allow India to acquire such gear only from «trusted partners.» What does the ban on import of Laptops mean?Companies would now be required to obtain an import license under the new laws.

China were threatening cities downstream on Friday, prompting the evacuation of thousands, although the country appears to have averted the worst effects of the typhoon season battering parts of east Asia. Hebei province surrounding the capital Beijing on three sides issued alerts for several of its cities. The province of Heilongjiang to the north, was evacuating entire villages in anticipation of life-threatening deluges.

FPIs) bought Indian shares worth 466.18 billion rupees ($5.63 billion) on a net basis in July, data from the National Securities Depository Ltd (NSDL) showed on Friday. This is the highest monthly FPI inflows since August 2022. Sustained FPI inflows have powered the uptick in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs.

Tenable has lodged a formal complaint against tech giant Microsoft, alleging a lack of transparency and irresponsible security practices. The Chairman and CEO of Tenable, Amit Yoran, took to LinkedIn to pen an open letter, exposing the irregularities they have uncovered. The incident dates back to March when the Tenable Research Team stumbled upon a critical flaw within Microsoft's Azure platform that allowed unauthorized access to sensitive data.

India's top bureaucrat reviewed a production-linked incentive scheme on Thursday amid a push from industry for faster payouts to improve the programme that aims to boost investment in manufacturing, a government official said. The scheme is crucial to boosting the broader Indian economy which has been starved of private investment for nearly a decade and is struggling to create adequate jobs, particularly in manufacturing.

dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England's decision to downshift to a quarter point rate hike on Thursday.