China Financial News

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says if somebody is a long-term investor with one year plus time horizon, UPL is a fantastic buy and they should have it in their portfolio. They are one of the largest agrochemical players in the world. They have a very geographically diversified business which is fantastic for this space and they are doing all the right like dthings ebt reduction, cost cutting, inventory liquidation.For long-term investors, is UPL a good stock to buy in the sense of the kind of guidance they give? They talked about the second half improvement, cost cutting measures, all of that. In this 50% fall from top, do you think everything is priced in?Absolutely.

Warren Buffet-backed chinese automaker BYD is currently under investigation in India due to allegations of underpaid taxes on imported parts used in the assembly and sale of its cars in the country, as reported by two sources familiar with the matter. As reported by news agency Reuters, India's Directorate of Revenue Intelligence (DRI) claims that BYD failed to pay 730 million rupees ($9 million) in taxes. Despite BYD depositing this amount following the DRI's preliminary findings, the investigation is still ongoing, and there may be further tax charges and penalties, it said.

typhoon slammed Okinawa and other islands in southwestern Japan Wednesday with high winds injuring more than 20 people as it moved west making its way toward mainland China. Typhoon Khanun, which means jackfruit in Thai, was heading west at speeds of 10 kph (6 mph), packing surface winds of up to 180 kph (111 mph). It was at sea southwest of Okinawa's main island, according to the Japan Meteorological Agency.

ITRs filed for AY 2023–24 totaled more than 6.77 crore as of July 31, 2023, which is 16.1% more than ITRs for AY 2022–23 (5.83 crore) as of the same date. Up until July 31, 2023, the Department also received 53.67 lakh ITRs from first-time filers, a reasonable indication of the expansion of the tax base. According to the PIB release, “The filing of ITRs peaked on 31st July, 2023 (due date for salaried taxpayers and other non-tax audit cases) with over 64.33 lakh ITRs being filed on a single day i.e. on 31st July, 2023.” Once you file your tax returns, you can find out its status as to whether the Income Tax Department has accepted and processed your ITR. In specific situations where any differences are found, you might need to respond to the ITD's notice.

BEIJING — U.S. investments in around 50 blacklisted Chinese companies have drawn the attention of the U.S. House of Representatives Select Committee on the Chinese Communist Party.

From China's Ant Group to Sweden's Klarna, here is the complete list of the world's top 200 fintech companies.

reliance on imports from China for critical components like battery cells used in electric vehicles. Previously, Mint reported that A delegation of high-ranking Tesla executives, including key members from the public policy, supply chain, and business development teams, is currently in India to actively interact with various government stakeholders and gain valuable insights into the local market.

BYD faces an ongoing Indian investigation over allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two sources with direct knowledge of the matter said. India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, whose expansion plans have been hit by fractious relations between New Delhi and Beijing, underpaid tax of 730 million rupees ($9 million), one of the sources said. Although BYD has deposited this sum after the DRI's preliminary findings, the source added, the investigation is ongoing and could lead to additional tax charges and penalties.

«The maximum (amount) of rainfall recorded during this storm, which was 744.8 millimetres, occurred at the Wangjiayuan Reservoir in Changping,» the Beijing Meteorological Service said. It was the «heaviest rainfall in 140 years», when Beijing records began, it added. The largest volume previously recorded was 609 millimetres in 1891, the service added.Storm Doksuri, a former super typhoon, swept northwards over China after hitting southern Fujian province last week, following its battering of the Philippines.

“Midcaps operating in niche segments have done well, but considering valuations, we see more value in large caps at this juncture from a 1–2-year perspective,” says Ashutosh Tiwari, Managing Director & Head Institutional Equities at Equirus. In an interview with ETMarkets, Tiwari, said: “Avoid companies trading at high valuations and focus on those delivering good earnings growth and cash flows but trading at reasonable valuations. The margin of safety is more important right now” Edited excerpts:We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 marks. Is this too good to be true and we are running ahead of fundamentals? India has seen massive FII inflows from March to till date July of almost US$ 19.2bn vs net outflow of US$ 3.4bn in Jan-Feb and outflow of US$ 18.4bn in CY22.

Nvidia chips, with the company's CEO saying it sees an «opportunity» to sell its AI chips in China. Shares were up roughly 3.5% in after-hours trading.AMD CEO Lisa Su said AMD is set to ramp production of its MI300 artificial-intelligence chips in the fourth quarter. The MI300 AI accelerator chips are designed to compete against the advanced H100 chips already sold by Nvidia, though they are in short supply.

Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating.MSCI's broadest index of Asia-Pacific shares fell 0.5%. Japan's Nikkei slid by 1.2%, while Australian shares edged down 0.5%.

Gold prices edged higher on Wednesday as the U.S. dollar and Treasury yields were bogged down after Fitch downgraded the country's credit rating, souring confidence in the economy ahead of key data due this week. FUNDAMENTALS * Spot gold was up 0.2% at $1,948.43 per ounce by 0122 GMT, while U.S.

BEIJING — Instead of handing out cash, China is trying to make sure consumers and businesses spend where it matters economically.

Australia’s ambitions to develop a green hydrogen industry have suffered only a temporary setback from the US Inflation Reduction Act, and enjoy positive prospects at the hands of state and federal policies, funding support, and demand from key Asian trading partners.

macroeconomic trends and will continue to set the pace (for the smartphone industry) for quite some time," Reuters quoted Bob O'Donnell, founder of TECHnalysis Research, as saying. In September, analysts anticipate the unveiling of the much-anticipated iPhone 15, which could feature the widely accepted USB-C port on certain models. This development may provide a slight boost to iPhone sales during the July-September quarter, according to market experts, who have differing opinions on the overall performance during this period.

Independence Day, August 15, in Delhi but the use of Chinese manjha causes many accidents every year, as per ANI reports. “Since January 10, 2017, the use and sale of Chinese Manjha have been prohibited in the capital city of Delhi. Despite this, some kite flyers utilize it every year on August 15, as a result, a lot of animals and birds get trapped in the manjha," the minister reminded.

India could consider allowing Tesla's foreign vendors, notably those based in China, to manufacture critical components in the country but the government is not in favour of any company-specific exemptions, sources aware of the matter said. This assumes significance as some key components of electric vehicles such as battery cells are imported from China. Tesla has expressed interest in bringing its own supply chain ecosystem to India.

Starbucks reported record revenue in its fiscal third quarter as sales in China roared back to life

daredevil and photographer Remi Lucidi has died after a fall from a skyscraper in Hong Kong.Police in the region said they discovered the body of a 30-year-old man on a patio near Tregunter Tower on Thursday, according to numerous reports. Authorities believe Remi Lucidi, who used the name “Remi Enigma” on social media, may have fallen from the 68th storey while attempting a type of extreme sport.Lucidi regularly posted photos to Instagram — where he had a considerable following — of himself scaling the peaks of urban skyscrapers and high-rise buildings around the globe.A post shared by ʀᴇᴍɪ ᴇɴɪɢᴍᴀ (@remnigma)The practice, often called buildering or urban climbing, sees thrillseekers scale or traverse buildings or artificial structures to reach the top.

Samsung expects the India market to be critical for the recovery in demand and business in the second half of the year, after a sharp decline in operating profits in the June quarter dragged by tepid sales across the world, the Korean handset major's global head of mobile business said. «The India market is the fastest growing.