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Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said. Lenovo, the world's largest PC maker, has most of its plants in China, a common situation in the electronics industry that creates potential vulnerability as US President-elect Donald Trump threatens to impose 60% tariffs on Chinese imports. Yang told Reuters that while it's too early to predict the new US administration's policies, Lenovo has an advantage over competitors in hedging such risks through its more diversified manufacturing base and sourcing strategy, as well as balanced regional revenue streams.

Donald Trump has said his administration will focus on ending the Russia-Ukraine war, as he lamented the killing of people in the conflict. He also said his administration will also work on bringing peace to West Asia. «We're going to work on the Middle East, and we're going to work very hard on Russia and Ukraine. It's got to stop,» Trump said during a gala for the America First Policy Institute held at his Mar-a-Lago estate on Thursday. This was his first major speech and public appearance after his stunning electoral victory in the November 5 presidential elections.

Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts.

CLSA said Reliance Industries’ shares offer an “attractive entry point” at the current levels. Retaining its ‘Outperform’ rating with a price target of ₹1,650, implying a 30% upside. The firm said the start of new energy projects is a potential catalyst for the stock. RIL shares were up 1.2% at ₹1,266.9 on Thursday. “Reliance Industries stock has cooled off from its all-time highs as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock. Slowing growth in the retail business has been another negative,” said CLSA’s analysts in a client note.

Rising electricity demand and ambitious targets for renewable energy capacity expansion, over the next few years led to fund managers buying stocks like NHPC, KEI, Inox Wind Energy and IEX. With government spending likely to resume in the second-half of the fi nancial year, some fund managers bought into cement stocks like Ramco Cement and Ambuja Cement.

Subscribe to enjoy similar stories. As consumers realize the grave impact of fast fashion on the environment, a host of sustainable clothing brands like Virgio, Nicobar, and No Nasties have emerged in the last few years, aiming to influence users to opt for upcycled and climate-friendly clothing. Consumers across age groups, including Gen Z and young millennials, are now increasingly opting for environmentally sustainable T-shirts, jeans and even accessories like belts and bags, offering up-and-coming startups a new opportunity to capitalize on.

Subscribe to enjoy similar stories. Driven by global standards and practices, companies engaged in mergers and acquisitions (M&As) are increasingly placing strong emphasis on diversity and inclusion (D&I) policies when evaluating potential deals, especially when it comes to cross-border deals. “Today, deals are getting delayed if certain aspects are not in order.

Officials of the ministry of aviation and directorate general of civil aviation (DGCA) will meet airline and airport execs on Monday to discuss the matter, people familiar with the matter said.

The Department of Telecommunications (DoT), which is due to publish the rules soon after having sought views from multiple stakeholders end-August, might also build a regulatory framework that overlaps with the Ministry of Electronics and IT (MeitY's) existing cybersecurity regulations, creating room for multiple interpretations and potential complications. Hence, telecom operators have approached the DoT regarding some problematic areas, including the scope of the rules and stringent conditions that essentially increase their compliance liabilities. «The rules make telcos responsible for any misuse of telecom resources by consumers. If some user commits a crime, why should the company be penalised?» asked a senior telco executive, requesting not to be named.

The investigation wings of the Income Tax (I-T) department across the country have been told by the central direct tax body to collect information on agreements where individuals and Hindu Undivided Families (HUFs) had struck a deal with developers but may not have paid tax even after the buildings received 'completion or occupation certificates' (CC/OCs). CC/OCs are typically issued by municipal authorities of states once the construction is complete and the projects are in a ready-to-move-in state.

Gentari Sdn Bhd, the clean energy arm of Malaysia's state-run Petronas Group, has agreed to acquire a part of the renewables portfolio of Brookfield Asset Management for $900 million, inclusive of debt, following months of talks, said people with knowledge of the matter. Last week, both parties signed a firm agreement that will see Gentari take control of a 2.2 GW portfolio of assets. This is the first time Brookfield will be monetising part of its green energy portfolio after building, acquiring and operating the assets for over five years. Gentari is expected to seek regulatory approvals in the next few days before any formal announcement. Its portfolio in India will double from the current 2 GW capacity. This will be its second acquisition in India this year. Gentari had bought the 185 MW solar power portfolio of Finnish firm Fortum Oyj in May.

Jannik Sinner became the first player to advance to the semifinals at the ATP Finals on Thursday. U.S. Open finalist Taylor Fritz, meanwhile, needs to wait to find out if he's in or out. Sinner was assured of a spot in the last four after Fritz rallied past Alex de Minaur 5-7, 6-4, 6-3 in their group. Sinner won his opening two matches and plays Daniil Medvedev later. Last year, Sinner lost the final to Novak Djokovic, who pulled out injured this year.

meteor shower peaks this weekend, however, that bright glowing orb will still be nearly full, so most places will probably be obscured by all but the brightest meteors, as quoted in a report by Time. The Leonids are famous for their meteors, which can reach speeds of up to 70 kilometres per second (44 miles per second). King's College London's Shyam Balaji stated that unfortunately this year, the viewing conditions will be affected by a nearly full moon. The chances of seeing more meteors can be increased by watching in the early morning when the moon is lower in the sky.

Rajnath Singh is likely to meet his Chinese counterpart Dong Jun at an event in Laos next week. Following the border patrolling agreement with China that led to disengagement of troops in eastern Ladakh, Singh-Dong meeting would be the first high-level engagement between the two countries. Singh will visit Laos to attend ASEAN Defence Ministers Meeting Plus (ADMM Plus), where he is likely to meet his outgoing US counterpart as well. Sources said while the meeting with Dong has not been finalised yet, the interaction could take place on the sidelines of the two-day event.

Steve Bannon, the prominent right-wing figure and former advisor to President Trump, faces a looming state fraud case that could have serious consequences. After his federal pardon, Bannon is now indicted in New York on state charges related to defrauding donors for a border wall project. Despite his past legal troubles, including time served in federal prison, Bannon's connection to Trump has raised questions about whether the former president could intervene. However, Trump's power is limited in state cases, leaving Bannon's future uncertain.

Reserve Bank of India (RBI) Deputy Governor Swaminathan J on Thursday stressed the need for urban cooperative banks to evolve digitally, addressing IT and cybersecurity gaps as he highlighted the importance of improving the liquidation process to protect depositors' interests. Speaking at the Second Conference of State Registrars of Cooperative Societies (RCSs) here, Swaminathan also stressed the importance of coordinated engagement between the RBI and registrars of co-operative societies, respecting each other's roles. While financial indicators for UCBs have improved, he noted room for growth in business, asset quality, and liquidity, he said.

Mahindra Group CEO and Managing Director Anish Shah on Thursday pitched for a balance between tariff and non-tariff barriers for a stronger manufacturing sector in the country. «Indian industry needs no protection. We've had no protection for the last 20 years and if we had protection, we would not have the quality that we have today,» Shah said, while speaking at the CNBC TV18 Global leadership summit here. «With regard to duties, the questions are around non-tariff barriers along with tariff barriers… And frankly they should (be there) because that will put Indian manufacturing in a much stronger place,» he said. He was responding to a question on whether India needs to impose import tariffs on companies such as Tesla as they look at entering the Indian market.

Scindia had a review meeting with the Chief Minister of Mizoram Lalduhoma and his teams in the Conference Hall of Planning and Implementation Department. The meeting was held for reviewing of various schemes of Ministry of DoNER in the state of Mizoram. Scindia said, “The purpose of the meeting is to jointly look at the project of Mizoram growth and development” he said that under the leadership of the Prime Minister Narendra Modi there has been an immense transformation in the development of the Northeast region in the last ten years. He said that Northeast is the vantage point and the entry point for all of South East Asia countries into the Indian sub-continent and much play a very important role in the dynamics of the India’s growth.

GlobalBees, the house of brands subsidiary of baby and mother care products retailer FirstCry, has reported a 55% revenue growth of Rs 432.5 crore in the fiscal year ending March 2024, outperforming similar brands that have seen slower growth amid a consumption downturn. The adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for GlobalBees also surged by 154% year-on-year (YoY). While this growth aligns with the overall business expansion of the Pune-based company, which operates in India and Saudi Arabia, the management noted that increased seasonal sales significantly boosted this subsidiary's growth.