18% cent GST on iPhones continues to weigh heavily on the final cost to Indian consumers, limiting the impact of price cuts.
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
Ever since the Quad started taking shape in 2007, China has been saying that the four-member grouping will be bound to fail. But much to the chagrin of Beijing, it picked up pace in the recent years emerging as a premier strategic group especially challenging China's assertiveness in the disputed South China Sea.
United States President Joe Biden was caught on a hot mic telling leaders of the Quad nations that China was testing them, thus reflecting upon the American seriousness of the emerging Chinese threat.
'We condemn recent illicit missile launches in the region that violate UN Security Council resolutions. We express serious concern over recent dangerous and aggressive actions in the maritime domain. We seek a region where no country dominates and no country is dominated one where all countries are free from coercion, and can exercise their agency to determine their futures,' the declaration said.
Prime Minister Narendra Modi has said that the Quad is not against anyone, but for a rules-based international order and respect for sovereignty, in a veiled reference to China.
Vantika Agrawal delivered when it mattered most as she defeated Grandmaster Irina Krush, helping India secure a 2-2 draw against United States.
Saturday's Quad meeting in Delaware is taking place against the backdrop of China's assertive behaviour in the South China Sea, its sabre-rattling in the Taiwan Strait and increasing footprints in the Pacific and Indian Ocean, asserts Rup Narayan Das.
Concerns have been raised over Marico's exposure to Bangladesh in the wake of turmoil in that country. However, the management reiterated expectations of growing domestic business at double digits and maintaining international growth. Marico scaled up its food business by 4 times between FY20-24 and aims to double it again in the next three financial years.
Prime Minister Narendra Modi and US President Joe Biden will have a substantive engagement on the sidelines of the Quad summit on Saturday, and the two sides will sign at least two agreements following the talks.
D GukeshGrandmaster R Vaishali and Vantika Agrawal put up impressive performances as Indian women defeated Georgia while World Championship challenger D Gukesh led the men to victory over China in the seventh round as both teams continued their unbeaten streak in 45th Chess Olympiad in Budapest.
The nature of war and its purpose remains unchanged. The change is in the character of war in terms of a man-machine mix, domination of sensors and certain automation of the tactics and methods of war, points out Colonel Anil A Athale (retd).
After scoring their fifth victory on the trot, the Indian men maintained their joint lead with 10 points along with China, Vietnam and Hungary.
Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.
The duo of B Sumeeth Reddy and N Sikki Reddy entered the mixed doubles second round but the other Indian shuttlers, including Priyanshu Rajawat, made early exits
In a sign of the expanding Apple supplier ecosystem in India, American multinational Jabil Inc will set up an electronics manufacturing facility in Tiruchirappalli, Tamil Nadu with an investment of Rs 2,000 crore. Jabil is one of the 14 Apple suppliers in India, of around 200 globally, while another 14 have reportedly received preliminary clearance to form joint ventures with Indian companies to set up facilities. Interestingly, of the 14 existing manufacturing units in the Apple supply chain, seven are already in Tamil Nadu.
The medals tally at the Paris 2024 Paralympics.
The Uttarakhand government on Sunday ordered an inquiry into the matter of underworld don Prakash Pandey alias PP being given the title of Mahant in Almora jail.
The don was renamed as Prakashanand Giri by the seers who introduced themselves as being associated with the Panch Dashnam Juna Akhara, headquartered in Haridwar and has its ashrams in the Kumaon region.
Yagi, the 11th typhoon of this year, made two landfalls in China on Friday, first striking Hainan and later Guangdong province.
Varun misses his dog... Rasika starts shooting for a new season...Neena catches a sunset...
Boxing's already uncertain Olympic future was thrown into further jeopardy after the sport's Asian governing body voted against leaving the suspended International Boxing Association (IBA) to join the rival association.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
Tanvi Patri, 13, won the Under-15 girls' singles title at the Badminton Asia U-17 & U-15 Junior Championships.
Tanvi Patri didn't drop a single game across the five matches enroute to winning the title.
Just over a three-hour flight from Delhi, Kazakhstan, Uzbekistan, Azerbaijan and Georgia have seen a big jump in visitors.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks. In India, domestic fundamentals such as steel consumption remain robust, hence one can take fresh positions in these counters," said Amit Dixit, an analyst at ICICI Securities.
The Tamil Nadu government is set to unveil a housing initiative for 18,720 women employed by Taiwanese tech giant Foxconn, a key supplier to iPhone-maker Apple, this Saturday. The project, located at Vallam Vadagal near Chennai, marks the first time an Indian state government has constructed a hostel of this scale for a private firm - a model that's been successful in China and Vietnam.
'The plan is to assemble most of the new phones in India within three years.'
'Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest.'
Check out how India's athletes fared on Day 5, Wednesday, July 31, 2024:
PV Sindhu stormed into the pre-quarterfinals of the Olympic Games' women's singles competition
India's schedule at the Olympics on Wednesday, Day 5 of competition.
A look at how India's athletes fared on Day 2, on Sunday, July 28, 2024:
He will next face Le Duc Phat of Vietnam on Wednesday in the second and final group match.
Two-time world champion Nikhat Zareen powered into the women's 50kg Olympics pre-quarterfinals with a tenacious victory over Germany's Maxi Carina Kloetzer in Paris on Sunday.
India's Preeti Pawar beat Vo by a unanimous decision at the North Paris Arena to progress to the round of 16 of the bantamweight category, where she faces Yeni Arias on Tuesday.
Manu Bhaker marched into the final of women's 10m air pistol event at the Olympics after finishing third in qualifications on Saturday.
India's Preeti Pawar entered the pre-quarter-finals of the women's 54kg boxing competition, scoring an easy victory over Vietnam's Vo Thi Kim Anh in a first round bout at the Paris Olympics on Saturday.
A look at India's schedule at the Paris Olympics on Saturday, July 27, 2024:
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