Latest news with #India-China
Economic Times
3 days ago
- Business
- Economic Times
Sandip Sabharwal advises staggered buying for late entrants to avoid chasing peaks
So, I would remain cautious and the outlook for many other larger banks is much more clearer and if people need to be aggressive, then there are other sectors where they can be aggressive not financial. "The earnings growth deliver also has been good and in the current year the profit growth outlook could be, I would think, at least 12-13%. So, things are reasonably well placed. It is a buy on dips market and as the result season winds down, people will have the opportunity to look at what the results have been, how the outlook is and then take a view on where they should be investing," says Sandip Sabharwal, In the month of May, sell and go away. And for those who went away, they are now regretting. They want to come back. So, in the month of June, what should be the mantra? Sandip Sabharwal: Mantra should be that you should never have gone away. But those who have missed the bus, what should they do now? I mean, I am just getting a sense there is a very strong left out feeling. I am looking at the open interest, the total open interest at the beginning of the series is actually slightly lower than what the May series beginning numbers were, which means the market mood has changed, prices have changed but participation is not there. Sandip Sabharwal: Yes, because people have been taken by surprise ever since the rally started early April, because most of the commentary was very negative. People were expecting markets to crash. And in fact, if you look at the result delivery of the March quarter also, as per what I read today as a gross of all the companies which have reported, the earnings growth on a gross basis for all the companies who have reported till now is around 12.7% growth in profits whereas the expectation was hardly 6% to 8% for this quarter. So, the earnings growth deliver also has been good and in the current year the profit growth outlook could be, I would think, at least 12-13%. So, things are reasonably well placed. It is a buy on dips market and as the result season winds down, people will have the opportunity to look at what the results have been, how the outlook is and then take a view on where they should be investing. On a pure macroeconomic basis, India is pretty well placed. The total imports of these rare earth magnets would be just around 300-350 crores, but they could bring the entire, at least the EV part of the industry and to a great extent the traditional part also to a standstill over the next two months if this issue is not resolved. So, I think that is the key factor we will be watching out for. Ex of that I would be positively inclined on the Bajaj Auto. If the stock falls today, you will be a buyer, I mean let me put it this way? Sandip Sabharwal: Like, I said this rare earth magnet issue is an issue which we need to be cognisant of because most of the analysts are not talking of it, but then because it is a India-China issue, so if it does not get resolved on time, we could see production getting stalled right at the start of the festival season, so that is the near-term risk. So, the stocks will give time for people to accumulate, so you do not need to jump in and buy the entire quantity today. So, let us say hypothetically if it falls 3-4% today, a small amount of buying is possible and then accumulate it over the next few weeks. On the other hand, Ola, what do you say about those numbers? Sandip Sabharwal: The least said the better. Yes, I mean quite a shocker when it comes to both the stock price journey, there has been no financial improvement, they are only deteriorating when it comes to their operational performance despite the volume uptake which comes in, I guess, because of the steep discount. There has been losses which have been the spot of bother for just about everyone and they are again setting ambitious targets for themselves. Sandip Sabharwal: I think you can make lot of statements to excite the analysts which include backward integration, comparing yourself to companies like Tesla, etc. But then, the fact of the matter what we need to realise is once a brand loses reputation in the face of the consumers, then irrespective of what you are doing internally to do backward integration, to get into cell manufacturing, to improve your profitability, getting market share and volumes back especially when the other players are also aggressively working towards new product development and taking market share will become very-very tough and that is a reality which investors into this stock need to realise. So, it is always possible that with aggressive management guidance we could see small time bounce backs in the stock, but what will change the consumer perception to create a uptick in the volumes is the question mark and that is something which we need to see. Let us discuss this curious case once again. We were chatting about this last afternoon and we continue talking about it as to how there could be more and more skeletons in the cupboard. Sandip Sabharwal: So, historically, we have seen in financials once new managements come in, the board of directors or the audit committee, etc, takes a fresh look or the RBI conducts a fresh review. Typically, it does not end at the first level of disclosures. So, that is the risk I see in IndusInd Bank. Especially in financials I always advise that people should not be bold here. So, I would remain cautious and the outlook for many other larger banks is much more clearer and if people need to be aggressive, then there are other sectors where they can be aggressive not financial.
India.com
4 days ago
- Business
- India.com
Bad news for Mukesh Ambani, Isha Ambani's partner firm as EU serves warning, issues 30-day deadline for..., the company is...
(File) In a major setback for Shein, the Chinese fast- fashion giant which was recently reintroduced into the Indian market by Asia's richest man Mukesh Ambani, and his daughter, Isha Ambani, the European Union (EU) has charged the Chinese firm with gross violations consumer protection laws, and served a 30-day deadline to address these issues. Shein found violating consumer protection laws in EU As per EU's Consumer Protection Cooperation Network, Shein often shows 'fake discounts' by displaying price cuts that don't reflect actual previous prices, according to reports. The regulator also castigated the Chinese fashion brand of employing manipulative tactics like phony purchase deadlines that are designed to pressure customers into buying their products at these 'discounted' prices. Many Shein products were also found to carry deceptive product labels which falsely suggest items have special features when those characteristics are legally required, and misleading sustainability claims that don't match reality, investigators have revealed. The firm has also been charged with other violations, including hiding company contact information from customers, incomplete refund policies, and making it difficult for consumers to reach customer service representatives in case of grievances. EU serves 30-day deadline Following the allegations, regulators in the EU have served a 30-day deadline to Shein to address these violations or face fines worth up to 6 percent of the company's global revenue. Shein has been directed to respond to the EU's findings by late June or face penalties based on its sales in affected member countries. 'We will not shy away from holding e-commerce platforms to account, regardless of where they are based,' EU Justice Commissioner Michael McGrath stated. Notably, the EU had last year designated Shein as a 'very large online platform' under the Digital Services Act, which subjected the firm to stricter rules requiring the removal of illegal goods and content from its platform. Any violations could invite fines up to 6% of its global turnover. Shein fails to make impact in India In February 2025, Reliance Retail, under the leadership of Isha Ambani– the only daughter of billionaire Mukesh Ambani– brought back Shein to the Indian market, nearly five years after the Indian government had banned the original Shein app in the country in wake of India-China tensions at the time. However, Shein's previous popularity has not translated into current success as the popular Chinese fashion brand has failed to gain any significant traction in India since its return.
India Today
6 days ago
- General
- India Today
How Operation Sindoor prompted air raid siren revamp in Mumbai and beyond
Air raid sirens, which once acted as sentinels of Mumbai and its surroundings, are set to be revived in the aftermath of Operation Sindoor, India's military response to Pakistan after the terror attack in Pahalgam last state has 492 air raid siren points in all—311 in Mumbai, 85 in Pune, 33 in Nashik, 21 in Tarapur, 16 in Raigad and 26 in Thane. These were installed in phases after the 1962 India-China war, as per central government guidelines, and came in handy for sounding air raid warnings during the wars with Pakistan in 1965 and 1971. Even later, the sirens would be sounded at 9 am every of these public sirens, including some in Mumbai, are now dysfunctional. The centrally-operated system gradually went into oblivion after 2004 due to technological obsolescence. The torrential rain-triggered flooding of the Mumbai region in 2005 also damaged some underground cables that connected these sirens. The last time the air raid sirens were sounded was in July 2006 to pay tributes to the victims of serial bomb blasts in suburban trains in technological obsolescence has meant each siren is to be operated manually, and the decentralised nature of these operations made it difficult for government agencies to verify if these civil defence sirens, especially those in non-governmental premises, were working. However, some sirens installed on government buildings such as Cross Maidan and the Directorate office at Kalaghoda are tested On May 7, the union home ministry had issued an advisory to all states and Union territories for undertaking mock drills. This included the operationalisation of air raid sirens. Sources said that only 50 to 60 sirens in Mumbai were found to be working, and of the 492 sirens in the state, around 50 per cent were sirens are now being revived as part of efforts to sound emergency alerts and prepare for a war-like scenario in the future. Yogesh Kadam, Maharashtra minister of state for home, told INDIA TODAY that the government had sought a proposal from the Directorate of Civil Defence for upgrade of these sirens. 'This is an old system and we will upgrade it,' he Kumar, director general of police and director of civil defence, Maharashtra, said they were working on reviving and strengthening the existing sirens in Mumbai and the coastal districts of Palghar, Thane, Raigad, Ratnagiri and Sindhudurg. Newer sirens were also being installed in the legacy network.'On the instructions of chief minister Devendra Fadnavis, the state government has provided funds as per the provisions of the Civil Defence Act, 1968, and Disaster Management Act, 2005 We will have a minimum of 100 sirens in good condition in Mumbai, and in vital areas like Uran and Tarapur,' said stated that procurement of these sirens and their installation were underway. Apart from bolstering the traditional sirens, the directorate is also planning to procure and install a state-of-art system in the Tarapur, located around 130 km from Mumbai in Palghar district, has a nuclear power plant—the Tarapur Atomic Power Station—Uran in Raigad district is located in proximity to sensitive installations such as the Jawaharlal Nehru Port Trust, an Oil and Natural Gas Corporation plant and a gas thermal power station operated by the Maharashtra State Power Generation officials said that using air raid sirens came with its own set of challenges in a heavily built-up city like Mumbai, where much had changed since the times these sirens had been originally installed. 'The highrise buildings in Mumbai act as sound barriers for traditional sirens. The glass faade on these buildings does not allow the sound to penetrate deep. The ambient noise in the city is also high,' an official civil defence mechanism has its roots in the 'Air Raid Precaution Committee', which was established in August 1937 in the run-up to World War II. In October 1939, air raid precaution wardens were enrolled for the first time in Bombay. In October 1941, air raid precaution was redesignated as civil to India Today MagazineTune InMust Watch
Hindustan Times
26-05-2025
- Entertainment
- Hindustan Times
We've never seen Ajay Devgn smile more! Actor chats up Jackie Chan for a Bollywood movie together
Ahead of the release of Karate Kid: Legends, the film's producers have dropped a teaser from a fun conversation between Jackie Chan and Ajay Devgn in which the action legend has expressed his desire to work in a Bollywood film. Ajay, who is known for his serious demeanor, was all smiles while talking to Jackie, which, was refreshing to watch. (Also read: Ajay Devgn's son Yug debuts with dad in Karate Kid: Legends, but there's a catch) In a fun video clip, Jackie, who will return as Mr Han, is seen telling Ajay to invite him to come to India, to which Ajay said, "I would love to work with you". Jackie then suggested, "You fight, I dance," expressing his desire to work in a Bollywood film with Tanhaji actor, insisting he would want to dance instead of doing action. Jackie also showed some Bollywood inspired dance moves which he remembered from his 2017 India-China co-production film Kung Fu Yoga which also starred Indian actors Disha Patani, Sonu Sood, and Amyra Dastur. A post shared by Sony Pictures IN (@sonypicturesin) Ajay will voice the iconic character of Mr Han, portrayed by Jackie Chan, while his son Yug will make his debut as Li Fong, the film's lead character played by Ben Wang. This marks Ajay's first ever voice over for an international film and his collaboration with Yug. Set in New York City, Karate Kid: Legends follows kung fu prodigy Li Fong as he adjusts to life in a new school, forges unexpected bonds, and is drawn into an intense showdown with a local karate champion. Under the guidance of his teacher Mr. Han (Jackie Chan) and the legendary Daniel LaRusso (Ralph Macchio), Li embarks on a transformative journey of self-discovery, courage, and growth. Sony Pictures Entertainment India will release Karate Kid: Legends in theatres on May 30 in English, Hindi, Tamil, and Telugu.
Indian Express
23-05-2025
- Business
- Indian Express
China-Pak-Afghanistan meeting in Beijing, NVIDIA CEO says US policy on tech to China ‘failed'
The Ministry of External Affairs said on Thursday (May 22) that India's National Security Adviser (NSA) had conveyed New Delhi's 'resolute stance against cross-border terrorism emanating from Pakistan' to Beijing, and that the 'Chinese side is aware that mutual trust, mutual respect and mutual sensitivity remain the basis of India-China relations'. Senior Indian defence officers had earlier mentioned China in the context of Pakistan's use of the Chinese-made PL-15 long-range missile, which India's air defences shot down during Operation Sindoor, as we wrote in our last tracker. During Pakistan Foreign Minister Ishaq Dar's three-day visit to China this week, both sides invoked their 'brotherly' and 'ironclad' relationship. The Chinese government released a white paper on national security earlier this month – meant to act both as a report card of where the country stands and as a projection of its rhetoric to the world. As the AI race between the US and China continues to intensify, Jensen Huang, CEO of the world's largest semiconductor company, Nvidia, has weighed in – saying the American efforts to squeeze China's access to cutting edge chips that are needed for advanced AI ended up making Chinese tech companies stronger. Here is a closer look at these developments: Dar visited China from May 19 to 21. Wang Yi, his Chinese counterpart, said 'China welcomes and supports Pakistan and India in properly handling their differences through dialogue, achieve a comprehensive and lasting ceasefire and seek fundamental solutions.' He repeated that 'China will, as always, firmly support Pakistan in safeguarding its national sovereignty and territorial integrity.' Wang also called for an 'upgraded version of the China-Pakistan Economic Corridor', the infrastructure project under China's Belt and Road Initiative (BRI). Importantly, Wang and Dar met informally with Afghan Acting Foreign Minister Amir Khan Muttaqi in Beijing, where Afghanistan and Pakistan expressed willingness to 'elevate bilateral diplomatic relations', which have suffered in recent years. The two sides agreed 'in principle to exchange ambassadors expeditiously'. They said the CPEC, which extends from China's Xinjiang region to Pakistan's Gwadar port, would be expanded to Afghanistan. Wang said China respected Afghan independence, sovereignty, and territorial integrity, as well as the independent choices, religious beliefs and ethnic culture of the Afghan people – and supported their just struggle against foreign aggression'. UPSHOT: A reiteration of support from China, its biggest benefactor, at a time of tensions with India, matters for Pakistan. The two countries have deepened their strategic relationship over the decades to the end of curtailing India's regional influence. Getting Afghanistan in the mix, however, complicates the situation, given the fraught bilateral relations between Islamabad and Kabul under the Taliban. Pakistan has carried out air strikes against alleged militants on Afghan soil, and pushed back tens of thousands of Afghan refugees. China was among the first countries to exchange ambassadors with Afghanistan under the Taliban, even though it withheld full recognition. India, which does not recognise the Taliban, has also reached out to the Afghan government in the last few months. Foreign Secretary Misri spoke to Muttaqi in January this year. Meanwhile, CPEC has been struggling, with Baloch militant attacks hampering construction efforts. The financial returns on these massive investments remain questionable. 2. New pivot in national security white paper The State Council Information Office, the top information office of the Chinese government, released a white paper, 'China's National Security in the New Era', this month. The document covers multiple topics under the umbrella of national security, ranging from AI to climate change, alongside Taiwan and Hong Kong. It refers to the expansive Overall National Security Concept (ONSC), introduced in 2014 under President Xi Jinping. There is also a focus on balancing development and security. The paper only makes one reference to India, in the context of China's border security and interests. 'China has negotiated with 12 of its 14 land neighbours to resolve land border issues, and border negotiations with India and Bhutan continue to advance,' it says. UPSHOT: Security and stability have long been emphasised by the Chinese state with regard to the longevity of both the nation and the Communist Party. Anushka Saxena, a researcher at the Bengaluru-based think tank Takshashila Institute who focuses on the People's Liberation Army, told The Indian Express the paper implied a 'pan securitisation of everything'. 'High-level security is going to be the pillar on which development and growth are harnessed, and it is also described as a new 'red line' in the white paper. 'So, it's indirectly telling the US that open growth and economic development is a national security issue for us (China) now, and if you are going to stop that, say, through tariffs or other restrictions, it is going to be treated as a red line, just like Taiwan is a red line,' Saxena said. But at another level, it shows China's anxiety, she said, pointing in particular to a line that says: 'Some key core technologies are still controlled by others, the foundation for economic recovery is not yet solid… affect(ing) social security and stability…' China on Monday asked the US to 'immediately correct its wrongdoings' after the latter warned companies not to use advanced computer chips from China. These chips are crucial for training AI models (such as OpenAI's ChatGPT and Google's Gemini). Two days later, Nvidia CEO Jensen Huang said in Taipei, Taiwan, that the US policy of putting export controls on AI chips to China had been 'a failure'. He said they had contributed to reducing Nvidia's China market share from 95% to 50% over the last four years, and motivated China to hasten the production of its own chips. The Chinese company Huawei, he said, was 'incredible in computing and network technology, all these essential capabilities to advance AI'. 'They have made enormous progress in the last several years.' Over the last few years, the US has instituted several restrictions on the sale of AI chips to China. The AI Diffusion Rule that former President Joe Biden signed in January – but was rescinded by the Trump administration – focused on the 'most advanced' AI models and 'advanced computing integrated circuits (ICs) to protect US national security and foreign policy interests'. Countries were classified into three tiers: total access, limited access and effective ban. While India was in the middle category, China and Russia had no access. UPSHOT: The release of Chinese AI company DeepSeek's models in January shattered several assumptions about the state of the AI race. The company was able to build quality models at a fraction of the cost of American companies, using comparatively inexpensive chips. Soon after its launch, Nvidia's stock plummeted. Chinese technology, and companies such as Huawei, have long faced restrictions from the US. China, too, has imposed blockades such as export controls on critical minerals gallium and germanium (used in chipmaking) to the US. Huawei has posted high growth figures with its new smartphones and chips, driven by domestic demand. This is what Huang was likely referring to when he said the original assumption behind the diffusion rules – that China would lose the tech race if it was cut off from American advanced tech – has turned out to be incorrect. Rishika Singh is a Senior sub-editor at the Explained Desk of The Indian Express. She enjoys writing on issues related to international relations, and in particular, likes to follow analyses of news from China. Additionally, she writes on developments related to politics and culture in India. ... Read More
