News Headlines

Government approves joint military logistics nodes in run-up to theatre commands

(This story originally appeared in on Nov 25, 2020) NEW DELHI: The government has now formally approved the first set of joint structures to handle logistics in the 15-lakh strong armed forces, in a step towards injecting some desperately-required integration among the three Services and the eventual creation of unified theatre commands. The first three […]

News Headlines

Government to consider process re-engineering, look beyond Delhi, Mumbai for Ease of Doing Biz: DPIIT Joint Secy

MUMBAI: The government of India is looking to widen the scope of ease of doing business initiatives to cover issues beyond the big cities and review several government processes in the second phase of reforms in a bid to make India a preferable option to companies moving out of China. India’s quick rise to the […]

Budget 2020

China factory output faster than expected: National Statistics Bureau

China’s factory output rose faster than expected in October and retail sales sped up, as the recovery from its COVID-19 slump gathered momentum. Industrial production climbed 6.9% in October from a year earlier, data from the National Statistics Bureau showed on Monday, in line with September’s gain and faster than the 6.5% rise expected in […]

Budget 2020

China stocks end higher on materials, machinery boost; post weekly gain

Chinese shares closed higher on Friday, led by materials and machinery stocks, and posted a weekly gain as investors looked past recent bond market defaults and focused on broader economic recovery. At the close, the Shanghai Composite index was up 0.44% at 3,377.73. The blue-chip CSI300 index was up 0.31%, with its material sector sub-index […]

News Headlines

US Navy Secretary’s call to form new Indo-Pacific fleet riles China

BEIJING: China said on Thursday that US Navy Secretary Kenneth Braithwaite’s call for the establishment of a new naval fleet at the intersection of the Indian and Pacific Oceans is aimed at expanding Washington’s military prowess and defence budgets hyping the “China threat”. Chinese Foreign Ministry spokesman Zhao Lijian told a media briefing here that […]

Budget 2020

China stocks close firmer as investors eye stimulus plan

Chinese stocks ended higher on Thursday, led by consumer shares, as investors cheered news of Beijing’s pledge to boost domestic consumption and promote an innovation-driven growth model to salvage a pandemic-ravaged economy. The blue-chip CSI300 index ended 0.7% higher at 4,927.99, while the Shanghai Composite Index climbed 0.5% to 3,363.09 points. The tech-heavy start-up board […]

News Headlines

Officials will discuss Xi’s offer of cooperation with India to develop COVID vaccine: China

Beijing: Officials of China and India will discuss the modalities of cooperation to develop COVID-19 vaccine which was proposed by President Xi Jinping during the BRICS summit, the Chinese Foreign Ministry said on Wednesday. In his speech at the 12th BRICS summit, Xi said on Tuesday that the Chinese companies are working with their Russian […]

Budget 2020

Nikkei hits 29-year high as vaccine optimism boosts risk appetite

Japan’s Nikkei share average closed at a 29-year high on Tuesday as investors cheered news of another potential coronavirus vaccine that re-ignited hopes of a swift global recovery. The Nikkei share average rose 0.42% to 26,014.62, its highest close since May 1991. The broader Topix added 0.15% to 1,734.39, after having slipped into negative territory […]