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Chinese factories humming doesn’t mean everyone is buying

Chinese factories humming doesn’t mean everyone is buying

/ /China’s factories are starting to hum again, but executives are now worried that the rebound could falter on weak demand at home and abroad.Justin Yu, a sales manager at Zhejiang-based Pinghu Mijia Child Product Co. that makes toy scooters sold for American retailers, is among those seeing their order book improve from the depths of the coronavirus lockdown, but remain well below normal.“We are seeing more orders coming in this month as we get closer to our normal peak season,” Yu said. “But our orders are still 40-50% lower than last year.” The factory’s production capacity is running...

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14h ago
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Bengal JMB leader wanted in Bodh Gaya blast case held in Murshidabad

Bengal JMB leader wanted in Bodh Gaya blast case held in Murshidabad

/ /Hindustan Times, BerhamporeA terrorist of a West Bengal-based module of Jamaat-ul-Mujahideen Bangladesh (JMB), allegedly involved in the 2018 Bodh Gaya blast case, was arrested from the state’s Murshidabad district early on Friday, police officials said.Abdul Karim is an Indian national and hails from Murshidabad’s Shamshergunj area. Karim alias Boro Karim was arrested from Kashimnagar village in Suti area by the anti-terrorist squad of the special task force (STF) of Kolkata Police and Murshidabad Police in a joint operation.A district police officer, who did not want to be identified,...

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3d ago
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Committed to peace, says Chinese defence ministry in 1st remark on Ladakh standoff

Committed to peace, says Chinese defence ministry in 1st remark on Ladakh standoff

/ /Hindustan Times, BeijingThe situation on the India-China border is “stable and controllable”, the Chinese defence ministry has said in its first comments on the ongoing standoff between border troops of the two countries in eastern Ladakh and Sikkim.The ministry said both countries have the wherewithal to resolve the situation through established communication mechanisms without directly commenting on US President Donald Trump’s offer to mediate between Beijing and New Delhi on the boundary problem.The ministry’s first statement comes in the backdrop of the standoff in eastern Ladakh...

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PM Modi had no conversation with Trump over border standoff with China: Officials

PM Modi had no conversation with Trump over border standoff with China: Officials

/ /Hindustan Times, New DelhiThere has been no recent contact between Prime Minister Narendra Modi and US President Donald Trump, people familiar with the developments said.The last time the two leaders spoke was on April 4, when the subject of the conversation was hydroxychloroquine, an official said, hours after US President Donald Trump appeared to suggest that he had spoken with PM Modi in recent days.They reiterated that India is directly in contact with China to address the border stand-off. Also Watch | China’s muscle flexing explained and how India can tame the dragon l In Focus...

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3d ago
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India doubles down on rejection of Trump’s offer to mediate on standoff with China

India doubles down on rejection of Trump’s offer to mediate on standoff with China

/ /Hindustan TimesThe Indian government on Friday doubled down on its rejection of ’s offer to mediate on the border standoff with China, with people familiar with developments dismissing the American leader’s contention he had discussed the face-off with Prime Minister Narendra Modi.The people cited above, who spoke on condition of anonymity, said the most recent conversation between Modi and Trump had been on April 4, when the US request for supply of hydroxychloroquine to tackle the Covid-19 pandemic was the subject of the discussions.The clarification came hours after Trump reiterated...

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3d ago
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Indian shares jump over 3% as banks surge on bargain hunting

Indian shares jump over 3% as banks surge on bargain hunting

/ /BengaluruIndian shares closed over 3% higher on Wednesday as value investors stepped in to buy beaten-down banking stocks, while Axis Bank surged after a report said private equity group Carlyle was in discussions with the lender for a fund infusion.The Nifty banking index rose as much as 8.22%, with Axis Bank surging 14.2% and heavyweights HDFC Bank and ICICI Bank gaining 5.8% and 9%, respectively.The index lost 8.3% last week and is down 41.8% so far this year, as banks that are already under pressure from over $100 billion in bad debt, stare at more defaults by businesses hit by the...

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4d ago
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Rupee settles 5 paise lower at 75.71 against US dollar

Rupee settles 5 paise lower at 75.71 against US dollar

/ /MumbaiThe rupee depreciated 5 paise to settle at 75.71 (provisional) against the US dollar on Wednesday, as market participants were concerned about rising tensions between the US and China amid coronavirus pandemic.Forex traders said rupee was trading in a narrow range as positive domestic equities, rising optimism about a potential coronavirus vaccine and a revival of business activities were offset by a flare-up in US-China tensions.Moreover, strengthening of the American currency overseas also weighed on the domestic unit.At the interbank forex market, the rupee opened strong at...

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5d ago
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PM Modi’s ‘Doklam team’ back in action to stand up to China in Ladakh

PM Modi’s ‘Doklam team’ back in action to stand up to China in Ladakh

/ /Hindustan Times, New DelhiIndia has pushed in high altitude warfare troops with support elements to the eastern Ladakh theatre to counter Chinese People’s Liberation Army (PLA) aggressive posture designed to browbeat the government to stop building border infrastructure in the Daulat Beg Oldie (DBO) sector as it may threaten the Lhasa-Kashgar highway in Aksai Chin. The specialised Indian troops are familiar with the Tibetan Autonomous Region of China and are tuned for operating at rarefied altitudes.The scale of PLA deployment - two brigades strength and more - indicates that the move...

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5d ago
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PM Modi’s ‘Doklam team’ back in action to stand up to China in Ladakh

PM Modi’s ‘Doklam team’ back in action to stand up to China in Ladakh

/ /Hindustan Times, New DelhiIndia has pushed in high altitude warfare troops with support elements to the eastern Ladakh theatre to counter Chinese People’s Liberation Army (PLA) aggressive posture designed to browbeat the government to stop building border infrastructure in the Daulat Beg Oldie (DBO) sector as it may threaten the Lhasa-Kashgar highway in Aksai Chin. The specialised Indian troops are familiar with the Tibetan Autonomous Region of China and are tuned for operating at rarefied altitudes.The scale of PLA deployment - two brigades strength and more - indicates that the move...

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5d ago
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Wall Street up as recovery hopes overshadow coronavirus worries

Wall Street up as recovery hopes overshadow coronavirus worries

/ /New YorkStocks surged on Wall Street in morning trading Tuesday, driving the S&P 500 to its highest level in nearly three months, as hopes for economic recovery overshadow worries about the coronavirus pandemic.The S&P 500 was up 2% to 3,015 points. It’s the first time the benchmark index has been above the 3,000-point mark since March 5, before the widespread business shutdowns aimed at slowing the spread of the outbreak sent the U.S. economy into a sharp skid.The Dow Jones Industrial Average climbed 667 points, or 2.7%, to 25,141. It’s the first time the Dow is above 25,000 points...

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5d ago
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Over 200 bats found dead in a Bihar village, doctors collect their swabs for testing

Over 200 bats found dead in a Bihar village, doctors collect their swabs for testing

/ /Hindustan Times, AraA team of doctors from Bihar government’s animal husbandry department on Tuesday confirmed reports of mass death of bats near Ara in Bhojpur district. The swab samples of the dead birds are being sent to Patna for testing and doctors said any reason for their death could only be attributed after the test reports are obtained.The team of doctors visited Tarari, 55 km south from Bhojpur district headquarter of Ara after getting information about the death of hundreds of bats there.As per locals, a large number of bats were found dead in Tarari on Monday, following which...

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5d ago
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‘Prepare for war’: China’s Xi Jinping tells army to thwart coronavirus impact on national security

‘Prepare for war’: China’s Xi Jinping tells army to thwart coronavirus impact on national security

/ /Hindustan Times, BeijingChinese President Xi Jinping on Tuesday directed China’s armed forces to strengthen training of troops and to be ready for war amid coronavirus disease (Covid-19) pandemic’s visible impact on the world’s most populous country’s national security.State media reports quoted the Chinese premier as saying that it was important to “comprehensively strengthen the training of troops and prepare for war”, “resolutely safeguard national sovereignty” and “safeguard the overall strategic stability of the country”.Xi’s speech comes amid rising tension with the US, frequent...

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5d ago
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Man shoots self in ear, bullet comes out of his head and hits his wife

Man shoots self in ear, bullet comes out of his head and hits his wife

/ /Hindustan Times, GurugramIn a freak accident, a man shot himself in the ear late on Friday, only to have the bullet travel through his head, and out the other side, and hit his wife, who was sitting next to him in the car when the incident happened, in the neck. The 34-year-old man is struggling for his life at a Delhi hospital’s intensive care unit . His wife, who is seven-months pregnant, is out of danger.The reason for the shooting seems to have been an argument over the man being unemployed, the wife said in her statement, according to the police.Deputy police commissioner (Manesar)...

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May 23
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Covid-19 patients not infectious after 11 days even if found positive: Singapore study

Covid-19 patients not infectious after 11 days even if found positive: Singapore study

/ /Covid-19 patients are no longer infectious after 11 days of getting sick even though some may still test positive, according to a new study by infectious disease experts in Singapore.A positive test “does not equate to infectiousness or viable virus,” a joint research paper by Singapore’s National Centre for Infectious Diseases and the Academy of Medicine, Singapore said. The virus “could not be isolated or cultured after day 11 of illness.”The paper was based on a study of 73 patents in the city-state.The latest findings may have implications on the country’s patient discharge policy....

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May 24
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Reliance’s JioMart website goes live, expands services to more cities

Reliance’s JioMart website goes live, expands services to more cities

/ /Hindustan Times, New DelhiReliance Jio has launched its new e-commerce portal, JioMart, and started accepting orders in dozens of metropolitan cities amid the fourth phase of the nationwide lockdown to control the spread of the coronavirus disease (Covid-19).Damodar Mall, the chief executive officer of Reliance Retail’s grocery retail business, said in a tweet the website had gone live and that consumers could place orders on it.JioMart is now delivering in more than 200 cities, Mall said. This comes after a month Reliance Retail’s venture JioMart began taking orders on WhatsApp in...

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May 24
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Robot dog manages flock of sheep. Video sparks uneasy thoughts among people

Robot dog manages flock of sheep. Video sparks uneasy thoughts among people

/ /Hindustan Times, New DelhiA video, featuring an autonomous canine, a robot dog, has created quite a stir online. Shared on technology company Rocos’ YouTube page, the video shows the use of the robot named spot, made by Boston Dynamics, in the agricultural industry - precisely, in managing a flock of sheep.While the technological advancement amazed some, most netizens didn’t warm up to this shepherd robot. A few also wrote that this is the kind of innovation which will result in ‘AI robot apocalypse’ in future. For the uninitiated, the term describes a hypothetical scenario where AI...

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May 22
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Militaries of India and China on high alert as border tensions escalate

Militaries of India and China on high alert as border tensions escalate

/ /Talks between the Indian and Chinese military to end escalating tensions along their disputed border have ended in a deadlock as the fragile peace shows signs of breaking down.Border incidents are at their highest since 2015, senior Indian security officials said. The two sides held talks on Tuesday aimed at lowering the temperature between the nuclear-armed neighbors, however neither army was willing to compromise, the officials said, asking not to be identified citing rules on speaking to the media.The armies are currently on a high-alert at two locations along the Line of Actual...

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May 22
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IMF warns banks against taking excessive risks due to low rates

IMF warns banks against taking excessive risks due to low rates

/ /BloombergThe International Monetary Fund is warning banks against taking on excessive risks to offset the reduced profitability that results from low interest rates once economies begin to recover from the global pandemic.Bank profitability likely will be under pressure for the next five years, based on a simulation of nine advanced economies, the Washington-based lender said in an analytical chapter released on Friday as a follow-up to its Financial Stability Report published last month. While cost cutting and higher fee income should help, they’re unlikely to fully relieve the...

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May 22
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Pakistan terror camps hit by coronavirus, Kashmiri trainees may die of Covid-19: DGP

Pakistan terror camps hit by coronavirus, Kashmiri trainees may die of Covid-19: DGP

/ /JammuThe terrorist camps in Pakistan-occupied Kashmir have been hit by the coronavirus and some Kashmiris undergoing training in those camps could die of Covid-19 as “nobody bothers about them”, J&K Director General of Police Dilbag Singh has said.Citing an intercepted phone-call made by a trainee from his PoK camp to his family in Kashmir, Singh said there are fears that the desperate terrorists would try to infiltrate into Jammu and Kashmir and spread the deadly virus in the Valley.The revelation has come as intelligence agencies, too, say Pakistan is pushing militants infected with...

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May 21
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New Pentagon report says Pakistan continues to harbour Taliban, Haqqani Network

New Pentagon report says Pakistan continues to harbour Taliban, Haqqani Network

/ /Washington, United StatesPakistan continues to focus on countering Indian influence in Afghanistan and harbours the Taliban and groups such as the Haqqani Network, which have the ability to engage in violence on Afghan soil, according to a new Pentagon report.The report by the inspector general of the US Department of Defense for the January-March quarter, issued on Monday, pointed to a continuation of Pakistan’s efforts to achieve its strategic objectives in Afghanistan, including shutting out India from the war-torn country.The report is the first one to be issued since the US and the...

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May 21
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Pompeo’s congratulations to Taiwan will have consequences, says China

Pompeo’s congratulations to Taiwan will have consequences, says China

/ /BeijingChina denounced US Secretary of State Michael Pompeo for referring to Taiwan’s leader Tsai Ing-wen as “president,” vowing to “take necessary countermeasures” in response.The Chinese Ministry of Foreign Affairs said a statement by Pompeo congratulating Tsai on her second term as president “seriously violated” the one-China principle and agreements that underpinned the establishment of relations between the two sides. While the US has carefully crafted interactions with Taipei to avoid recognizing its government, Pompeo’s statement Tuesday referred to Tsai as president and called...

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May 20
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Dr Reddy’s reports 76% growth in Profit After Tax at 764 crore in 4th Quarter

Dr Reddy’s reports 76% growth in Profit After Tax at 764 crore in 4th Quarter

/ /Press Trust of IndiaDr Reddy’s Laboratories Limited has reported 76 per cent growth in profit after tax to Rs 764.2 crore for quarter ended March 31, 2020 against Rs 434.4 crore in the corresponding period last year.Revenues for the quarter under discussion was up by 10 per cent to Rs 4,431.8 crore against Rs 4,016.6 crore in Q4 of last fiscal, a press release said here on Wednesday.Commenting on the results, co-Chairman and managing director of the company GV Prasad said, “FY ‘20 has been a positive year for the company.” “Progress made during the year includes VAI (voluntary action...

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May 20
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Mukesh Ambani’s Reliance Industries’ rights issue opens today: All about India’s biggest fundraiser

Mukesh Ambani’s Reliance Industries’ rights issue opens today: All about India’s biggest fundraiser

/ /New DelhiReliance Industries Ltd’s Rs 53,125-crore shares rights issue, the first of its kind in almost 30 years, will open for subscription of shareholders on Wednesday and close on June 3.The had set a price of Rs 1,257 per share for the rights issue with a ratio of 1:15 on April 30. This means one RIL share will be offered for every 15 shares held at Rs 1,257 or a 14% discount to the closing price on April 30.The rights issue is a part of the company’s strategy of deleveraging its balance sheet to become a zero net debt. use rights issues to raise money when they really need it....

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May 20
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Family in US goes out for a drive, find nearly $1 million in road

Family in US goes out for a drive, find nearly $1 million in road

/ /Fredericksburg, Virginia, USA Virginia family out for a ride to get a change of scenery after being holed up due to the coronavirus found nearly USD 1 million in two bags lying in the road.David and Emily Schantz left their Caroline County home with their children last Saturday and drove their pickup truck over what they thought was a bag of trash, then stopped and picked it up as well as another bag nearby, news sources reported Tuesday. The Schantzes tossed the bags in the back of their pickup truck and kept riding, according to Emily Schantz. Only when the Schantzes returned home did...

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May 20
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Watch: China agrees for probe on Covid origin, vows $2 billion for WHO

Watch: China agrees for probe on Covid origin, vows $2 billion for WHO

about the videoChina finally agreed to an international investigation on Covid-19. Over 100 countries, including India, had pushed for a probe into virus’ origin. Addressing World Health Assembly, China President also backed review of WHO’s response. US President Donald Trump has accused WHO of being ‘China-centric’. Weeks after US ‘halted’ WHO funding, Jinping announced $2 billion aid for the agency. Watch the full video for more.trending topics

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May 19
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