India, China in 'advanced' negotiations to resume direct flight services soon
The development comes ahead of Prime Minister Narendra Modi's likely visit to the Chinese city of Tianjin later this month to attend the annual summit of the Shanghai Cooperation Organisation (SCO).
The move to resume the flight services between the two Asian giants also comes amid some strain in India's ties with the US over President Donald Trump slapping a 50 per cent tariff on Indian goods.
New Delhi and Beijing are moving forward in a "positive" trajectory to restart trade through four border transit points, the people cited above said.
Direct flight services between India and China were suspended in 2020 following the Covid-19 pandemic.
The air connectivity remained suspended in view of the eastern Ladakh border row.
The people cited above said the Indian and Chinese negotiators are looking at firming up a new air services agreement to resume the flight services.
But if that is not materialised, then the two sides are set to resume the services using the existing air services framework.
It is learnt that Air India has been sounded out about the possible resumption of flight services between India and China.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
28 minutes ago
- First Post
Russia & Ukraine exchange drone attacks ahead of Trump-Putin Alaska Summit
Ahead of US President Donald Trump and Russian leader Vladimir Putin's meeting in Alaska, Russia and Ukraine exchanged lethal strikes, reflecting that the Russia-Ukraine war is still raging on. Ahead of US President Donald Trump and Russian leader Vladimir Putin's meeting in Alaska, Russia and Ukraine exchanged lethal strikes, reflecting that the Russia-Ukraine war is still raging on. Russian authorities said on Thursday that fallen debris from Ukrainian drones caused a fire at an oil refinery in Volgograd. 'Firefighters quickly began extinguishing the fire. According to preliminary data, there were no casualties,' Andrey Bocharov said on Telegram. The refinery belonged to Lukoil, which has yet to respond to the matter. STORY CONTINUES BELOW THIS AD The news of the damage came shortly after Russia's defence ministry said air defence systems had intercepted and destroyed 44 Ukrainian drones overnight, including nine over the Volgograd region. Ukraine's missile plants take hits in July Meanwhile, Russia's defence ministry said on Thursday that its forces struck several Ukrainian missile plants, weapons design bureaus and rocket fuel production enterprises with missiles and drones last month. The Russian forces destroyed several Western missile defence systems - including Patriot launchers and fire control radar in the Dnipropetrovsk and Sumy regions - that had been deployed to defend the plants, the ministry said. 'An attempt by the Kyiv regime, together with its Western partners, to organise the production of missiles to carry out attacks deep into the territory of the Russian Federation was thwarted,' the ministry said. The reports of these strikes are coming at a time when Trump will be meeting Russian President Vladimir Putin in Alaska to discuss the ongoing war in Ukraine. While Trump assured that he would bring the conflict to an end, Ukrainians and many European leaders raised concerns over the exclusion of Ukrainian President Volodymyr Zelenskyy from the talks. Hence, it remains unclear if the Alaska summit would be fruitful or not. With inputs from Reuters.
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
Endurance Technologies share rises 5% after Q1 results; key numbers here
Endurance Technologies share price: Endurance Technologies shares were in demand in a volatile session, with the scrip rising up to 5.25 per cent to an intraday high of ₹2,663.95 per share on Thursday, August 14, 2025. Around 1:20 PM, Endurance Technologies shares were trading 3.04 per cent higher at ₹2,607.85 per share. In comparison, BSE Sensex was trading 0.17 per cent higher at 80,673.12 levels. Why did Endurance Technologies share price rise today? Endurance Technologies share price rose on the back of a strong result in the June quarter of financial year 2026 (Q1FY26). The company's consolidated total income, including other income, rose 17.3 per cent year-on-year (Y-o-Y) to ₹3,354.5 crore from ₹2,859.4 crore in Q1FY25. Ebitda increased 17.5 per cent to ₹479.5 crore, maintaining a stable margin of 14.3 per cent versus 14.3 per cent last year. Profit before tax (PBT) grew 12.5 per cent Y-o-Y to ₹301.6 crore, both before and after exceptional items. Profit after tax (PAT) before minority interest rose 11 per cent to ₹226.4 crore, with the PAT margin slightly declining to 6.7 per cent from 7.1 per cent in the same quarter last year. Anurang Jain, managing director of the company said, "Two-wheeler sales volumes of Indian OEMs in Q1FY26 stood at 5.8 million units, a Y-o-Y decline of 1.6 per cent. Our standalone business topline has again fared better with a growth of 10.1 per cent. Our European operations topline has grown 28.5 per cent in Euro terms. Even if we remove the impact of the Stoferle acquisition, our Total Income grew 0.6 per cent despite the European new car registrations declining 1.8 per cent.' Jain added, 'Businesses worldwide are currently facing uncertainties with regard to trade barriers, rare earth magnet supplies, inflation and end-user demand. Very recently, challenges faced included the pandemic, wars, chip shortages and energy price hikes. Individual businesses like ours cannot change the course of these events. We instead focus on building strength and diversity in our own business. Today, we serve multiple OEMs across India and Europe. Our products go into ICE and electric vehicles. In India, we are strong in 2-wheeler and 3-wheeler end use, and are focused on growing our presence in the 4-wheeler segment, which is already our area of strength in Europe. We are also adding new products to our portfolio. While the markets look indecisive, we have maintained a sharp focus on ensuring that we remain on the path of profitable growth. Our overseas subsidiary has completed the acquisition of Stoferle entities. In India, we are in different stages of planning and construction of five manufacturing facilities - Shendra Castings, Bidkin Alloy Wheels, Battery Pack, Brakes expansion and Forgings expansion. The recent announcement mandating Anti-Lock Braking systems in all 2-wheelers provides further tailwind to our growth plans." About Endurance Technologies Endurance Technologies is among the leading automotive component manufacturers with a strong presence in India and Europe (Italy and Germany). In India, it primarily serves two- and three-wheeler OEMs, offering a wide range of products including aluminium castings, suspensions, transmissions, braking systems, and battery management solutions. In Europe, the company supplies aluminium castings to four-wheeler OEMs and supports the two-wheeler aftermarket. As a full-service solutions provider, Endurance partners with customers across the entire product lifecycle – from concept to end-user delivery – and also caters to the replacement market. The company operates 33 plants globally, with 19 in India, five in Germany, and nine in Italy, supported by an in-house tool room, a 29-acre proving ground, five DSIR-approved R&D facilities in India, and two technical centres in Italy.
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
G R Infraprojects rises 2% on winning bid for transmission system in MP
G R Infraprojects shares rose 2.1 per cent on Wednesday, August 14, 2025, logging an intra-day high at ₹1,265.15 per share on BSE. At 12:24 PM, G R Infraprojects share price was trading 1.99 per cent higher at ₹1,262.8 per share. In comparison, the Sensex was 0.16 per cent higher at 80,664.98. Why were G R Infraprojects shares in demand? The buying on the counter came after the company emerged as L-1 bidder for establishing a transmission system for the evacuation of power from renewable energy (RE) Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and the evacuation of power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh-Phase II. "We are pleased to inform you that our company has emerged as L-1 bidder for establishing 'Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and Evacuation of Power from RE Projects in Neemuch (1000 MW) SEZ in Madhya Pradesh-Phase II, through tariff-based competitive bidding (TBCB)," the filing read. The annual transmission charges are estimated at ₹367 crore, and the project has to be completed within 24 months from the special purpose vehicle (SPV) acquisition. Thereafter, the company will handle operation and maintenance (O&M) of the project for 35 years. Main components of the contract include: Establishment of 2x500 MVA, 400/220 kV substation at Handiya with bus reactors. New 220 kV bus section and transformer capacity augmentation at Neemuch. Construction of line bays for RE interconnection at Neemuch and Pachora. Installation of bus reactors and switchable line reactors at various substations. Construction of multiple 400 kV double circuit transmission lines with associated equipment. About G R Infraprojects G R Infraprojects Limited (GRIL) is a leading Indian infrastructure construction company with over 25 years of experience, primarily specialising in the development of roads and highways. It follows an integrated project execution model, managing every phase from conceptualisation to completion, and is actively involved in Engineering, Procurement and Construction (EPC), as well as Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects. While the company's core strength lies in road infrastructure, designing and constructing highways, bridges, culverts, flyovers, and overbridges, it has also diversified into railway, metro, airport runway, and power transmission projects.
