&w=3840&q=100)
India can tango with China, but must watch its step with cold realism
Business Standard Editorial Comment Mumbai
Listen to This Article
Chinese Foreign Minister Wang Yi's two-day visit to India, a visit coming after three years, is being viewed as signs of a thaw in Sino-Indian relations, which have been frozen since 2020 following the People's Liberation Army's incursions along the Line of Actual Control (LAC) in eastern Ladakh. But the visit, which includes talks with Foreign Minister S Jaishankar and another round of boundary negotiations with National Security Advisor Ajit Doval, also needs to be viewed against the American President's trade wars and the impending deadline for the United States (US) to impose an additional 25 per cent tariff on
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
20 minutes ago
- Hindustan Times
Landmark Group to invest ₹400 crore in low-density luxury project on Gurugram's Dwarka Expressway
Gurugram-based Landmark Group will invest nearly ₹400 crore in its low-density luxury housing project 'Landmark SKYVUE' at Sector 103 on Dwarka Expressway, the company said on August 20. Landmark's Group chairman Sandeep Chillar (second from left) said that the new project, located in Gurugram's Dwarka Expressway, is spread across 4 acres and will feature just 240 apartments. Spread across 4 acres, the project will feature just 240 apartments and has a revenue potential of around ₹1,200 crore. Scheduled for delivery in four years, SKYVUE has been launched at ₹17,500 per sq ft, with apartments priced between ₹4.99 crore and ₹6.78 crore, the company said. 'We will invest ₹400 crore in the construction of our new project 'Landmark SKYVUE',' Landmark Group chairman Sandeep Chillar told reporters. 'It is a low-density development with 60 apartments per acre compared to the conventional 90–100.' He said the company has owned the land parcel since 2009 and has already cleared all approval charges with the government. He said the demand in the Gurugram market remains strong, driven by new infrastructure developments, including the opening of the Dwarka Expressway. The project forms part of an 11-acre land parcel, with Phase I delivered in 2013 and Phase III planned for FY2026. Phase II, spread across 4 acres, will offer 240 three-side-open residences in 3BHK + utility and 4.5BHK + utility formats. The towers will rise 40 floors above a three-level podium that will house retail, a 1-lakh sq ft club, and wellness facilities. The project will also feature a rooftop observatory. Also Read: Gurugram's affordable housing projects face residents' ire as missing 24-metre road becomes symbol of deeper crisis 'Our aim is to craft a community that combines design but doesn't compromise on comfort. We aim to put special emphasis on the modern-day needs of Indian families, including digitally forward amenity zones, skypad pickleball court, Japanese restaurant 'Sora', and a wellness-oriented club called 'Skydome' offering a meditation zone, plunge pool, and USFDA, CE, and ISO approved cryotherapy,' he said. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Also Read: Is Gurugram's luxury real estate boom sustainable? Experts weigh in on price and demand trends The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. It has other projects in its pipeline for FY2025-26, including the largest single tower commercial project measuring 2.2 million sq. ft. on Golf Course Extension Road, a high street retail project, and a large mixed-use project, both situated on Dwarka Expressway.
Time of India
22 minutes ago
- Time of India
Trump thinks owning piece of Intel would be good deal for US: Here's what to know
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads President Donald Trump wants the US government to own a piece of Intel , less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping the goal is realised, the investment would deepen the Trump administration's involvement in the computer industry as the president ramps up the pressure for more US companies to manufacture products domestically instead of relying on overseas Trump administration is in talks to secure a 10 per cent stake in Intel in exchange for converting government grants that were pledged to Intel under President Joe Biden. If the deal is completed, the US government would become one of Intel's largest shareholders and blur the traditional lines separating the public sector and private sector in a country that remains the world's largest his second term, Trump has been leveraging his power to reprogramme the operations of major computer chip companies. The administration is requiring Nvidia and Advanced Micro Devices, two companies whose chips are helping to power the craze around artificial intelligence, to pay a 15 per cent commission on their sales of chips in China in exchange for export interest in Intel is also being driven by his desire to boost chip production in the US , which has been a focal point of the trade war that he has been waging throughout the lessening the country's dependence on chips manufactured overseas, the president believes the US will be better positioned to maintain its technological lead on China in the race to create artificial what the president said August 7 in an unequivocal post calling for Intel CEO Lip-Bu Tan to resign less than five months after the Santa Clara, California, company hired demand was triggered by reports raising national security concerns about Tan's past investments in Chinese tech companies while he was a venture capitalist. But Trump backed off after Tan professed his allegiance to the US in a public letter to Intel employees and went to the White House to meet with the president, who applauded the Intel CEO for having an "amazing story."The company isn't commenting about the possibility of the US government becoming a major shareholder, but Intel may have little choice because it is currently dealing from a position of enjoying decades of growth while its processors powered the personal computer boom, the company fell into a slump after missing the shift to the mobile computing era unleashed by the iPhone's 2007 has fallen even farther behind in recent years during an artificial intelligence craze that has been a boon for Nvidia and AMD. The company lost nearly USD 19 billion last year and another $3.7 billion in the first six months of this year, prompting Tan to undertake a cost-cutting the end of this year, Tan expects Intel to have about 75,000 workers, a 25% reduction from the end of last rare, it's not unprecedented for the US government to become a significant shareholder in a prominent company. One of the most notable instances occurred during the Great Recession in 2008 when the government injected nearly $50 billion into General Motors in return for a roughly 60% stake in the automaker at a time it was on the verge of bankruptcy. The government ended up with a roughly $10 billion loss after it sold its stock in Commerce Secretary Howard Lutnick told CNBC during a Tuesday interview that the government has no intention of meddling in Intel's business, and will have its hands tied by holding non-voting shares in the some analysts wonder if the Trump administration's financial ties to Intel might prod more companies looking to curry favour with the president to increase their orders for the company's was among the biggest beneficiaries of the Biden administration's CHIPS and Science Act, but it hasn't been able to revive its fortunes while falling behind on construction projects spawned by the company has received about $2.2 billion of the $7.8 billion pledged under the incentives programme - money that Lutnick derided as a "giveaway" that would better serve US taxpayers if it's turned into Intel stock. "We think America should get the benefit of the bargain," Lutnick told CNBC. "It's obvious that it's the right move to make."
The Hindu
22 minutes ago
- The Hindu
India, Vietnam Coast Guards to collaborate on tackling maritime crime, search and rescue, marine pollution
The Indian and Vietnamese Coast Guards held their sixth high-level meeting in Hanoi on Wednesday (August 20, 2025) under the framework of the 2015 Memorandum of Understanding on Coast Guard Cooperation. According to the Ministry of Defence, the talks focused on strengthening collaboration in maritime search and rescue, law enforcement, marine pollution response, and capacity building. Both sides placed particular emphasis on tackling transnational maritime crimes, including smuggling, trafficking, and illegal fishing. The meeting was co-chaired by the Coast Guard's Additional Director General Anand Prakash Badola and Vietnamese Coast Guard Vice Commandant Major General Vu Trung Kien. The delegations reviewed recent ship visits and professional exchanges, and agreed to pursue joint initiatives aimed at enhancing interoperability. They also highlighted the importance of coordinated search and rescue operations and joint pollution response mechanisms to safeguard maritime safety and protect the marine environment. Reaffirming their commitment to regular institutional interactions, training programmes, exchange of best practices, and ship visits, both Coast Guards stressed that such engagements foster mutual trust and operational synergy. The dialogue reflected the shared resolve of India and Vietnam to work in close cooperation for ensuring regional maritime security, safety, and environmental sustainability, the Ministry said.
