Was it happenstance, or reflective of an already acquired manufacturing might, or strategic foresight, or that the West was caught napping? The full story is that it is all of these, writes T N Ninan

China economy

MPC keeps repo rate unchanged; retains growth, inflation forecast

RBI Governor Shaktikanta Das at the central bank’s headquarters in Mumbai to announce the monetary policy review on Friday. 	photo: pti

Catch all the latest updates from across the globe here

Earthquake, quake

The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing

Mukesh Ambani, Reliance Industries

Vietnam has garnered investments of over $5 billion in the semiconductor space, which have been publicly  announced or are in various stages of implementation

semiconductors, chip

The DMRC on Wednesday unveiled a Hindi version of its Delhi Metro Rail mobile application that includes features such as interactive route maps, advanced station search options, real-time first and last train time calculators, and next and nearest station alerts.
The app was so far only available in English, the Delhi Metro Rail Corporation (DMRC) said in a statement.
This launch comes as a testament to DMRC's commitment to the Digital India initiative, aimed at providing government services electronically with improved online infrastructure and inclusivity, it said.
The state-of-the-art app in Hindi marks a significant milestone in DMRC's mission to provide world-class digital platforms for metro users in Hindi as well. The DMRC website has already been functioning as a bilingual platform in both English and Hindi.
The app, available on Google Play Store and the Apple App Store, has undergone continuous improvements, officials said.
The website and the app both include interactiv

DMRC, Delhi metro

Six more deaths were recorded in 24 hours at the Dr Shankarrao Chavan Government Medical College and Hospital in central Maharashtra's Nanded city, an official said on Wednesday.
The deceased patients included two prematurely born babies, the hospital official said. The development came amid the furore caused by the report of 31 patients dying at the hospital in 48 hours earlier this week.
"Another six critical patients died from October 2 to 3. The two babies among them were born prematurely. The other four deaths took place due to the reasons such as renal failure and multiple organ failure," the official told PTI.
As many as 221 new patients were admitted to the hospital from October 2 to 3, as per an official release. Currently 823 patients are being treated at the hospital, it said.

hospital, medical, medical tourism

The comments from Buch, the first woman to head India's markets regulator, come as the south Asian country continues to see an unprecedented retail investing boom

SEBI

Indian Energy Exchange (IEX) logged around 13 per cent growth in overall trade volume to 9,147 million units (MU) in September.
It reported an overall trade volume of 8,116 MU in the year-ago period, an IEX statement said on Wednesday.
IEX achieved 9,147 MU overall volume, including green market trade of 230 MU, 5.15 lakh RECs (Renewable energy certificates, equivalent to 515 MU) and 1.06 lakh ESCerts (energy saving certificates, equivalent to 106 MU).
According to the statement, the overall volume traded during the month increased 13 per cent on a Year-on-Year (YoY) basis.
The demand momentum witnessed in August 2023 continued in September 2023, it stated.
For the second quarter of the fiscal year 2023 (July-September), the IEX achieved 26,533 MU, resulting in 15 per cent YoY growth across market segments.
The Day-Ahead Market (DAM) achieved 3,467 MU volume in September. The average market clearing price was Rs 6.23 per unit in September as compared to Rs 5.63 per unit in Septem

power

In a bid to meet the electricity requirements of Kerala, the state government on Wednesday decided to urge the Central Electricity Regulatory Commission to reinstate contracts in the power sector that it previously denied permission to.
The decision was taken at a state cabinet meeting chaired by Chief Minister Pinarayi Vijayan.
The state government said it would give this direction to the Central Electricity Regulatory Commission under Section 108 of the Electricity Act.
State Power Minister K Krishnankutty said that the key regulator is legally bound to follow the direction of the state government.
"If the direction is being given invoking Section 108 of the Electricity Act, then they are legally bound to accept the direction. We also have the provision for an appeal," Krishnankutty told PTI.
In a statement, the CMO said the decision was taken considering public interest and to ensure that the state would not experience a power crisis.
Meanwhile, the Kerala State Electricity Bo

Reliance Jio and Bharti Airtel are expected to invest about Rs 75,000 crore in the current financial year to strengthen their networks, according to a report by JM Financials.
According to the report, Jio may invest around Rs 42,000 crore and Bharti Airtel around Rs 33,000 crore in FY24, but the investment will taper down after their 5G network rollout target is met as per their announcement.
"Bharti's management capex guidance implies India business capex could decline to approximately Rs 200 billion (Rs 20,000 crore) from FY25 (versus Rs 280 billion, or Rs 28,000 crore in FY23) though we continue to conservatively build in approximately Rs 270 billion (Rs 27,000 crore) for FY25 and Rs 330 billion (Rs 33,000 crore) for FY24," the report said.
As per the report's estimates, Jio's capex may be about Rs 42,163 crore in FY24, which may lower to about Rs 30,000 crore in FY25.
Jio has announced plans to complete pan-India 5G rollout by December 2023, while Bharti Airtel aims to do the s

Telecom

Policymaking is not an easy job, and State Capability in India sheds light on the complexities of this task

Book

Surjewala made the remark while addressing a press conference in Madhya Pradesh's Indore district on Wednesday

Randeep Surjewala

The Securities and Exchange Board of India (Sebi) had issued the order in May 2021 for allegedly flouting buyback regulations

Vedanta Resources CEO Tom Albanese (left) with Cairn India CEO Mayank Ashar announcing a merger between the two firms in Mumbai on Sunday

Other airlines may follow suit to offset ATF price rise

indigo

Strap: GST Council has slashed rates on molasses, millet mix, cleared air on corporate guarantee

Prime Minister Narendra Modi on Saturday heaped praise on Indian medal winners in the Asian Games, congratulating badminton duo of Satwiksairaj Rankireddy and Chirag Shetty, and men's and women's kabaddi teams on their gold win.
With the men's kabaddi team delivering yet another gold at Asian Games, Modi called them invincible.
"A moment of jubilation! Our Kabbadi Men's Team is Invincible! Their relentless determination and impeccable teamwork have brought glory to India," he said on X.
Winners of seven consecutive gold medals at the continental showpiece, the Indian men's team had suffered a shock semifinal loss to Iran at Jakarta five year's ago.
With archer Jyothi Surekha Vennam winning her third gold medal, Modi said she has brought another proud moment for India.
Her dedication and skill continue to make the nation proud, he said.
"It is a historic moment for India at the Asian Games. Our Kabaddi Women's team has clinched the Gold! This victory is a testament to the indomita

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

Controversy struck the Asian Games men's kabaddi summit clash between India and Iran on Saturday with players sitting on the mat in protest against the referee's decision, leading to heated arguments between the rival sides here.
In scenes rarely seen on a kabaddi mat, play was held up for nearly one hour in the final match between the arch-rivals.
Iran had beaten India in the 2018 Jakarta Asian Games final and the Pawan Sehrawat-led side exacted revenge eventually, winning Saturday's summit clash to regain the gold medal.
The controversy happened with just one minute left in the match and both sides were tied 28-28. Sehrawat was the raider then.
"When Pawan (Sehrawat) raided, he got self-out after stepping on to the lobby area. While chasing him, four Iranians also entered the lobby area," coach Kavitha Selaraj told PTI.
The lobby areas are the strips on either side of the mat which are considered active only when contact has been made between the raider and a defender.
As per t

Asian Games 2023

Former WFI chief and BJP MP Brij Bhushan Sharan Singh Saturday refuted allegations of sexual harassment levelled against him by six women wrestlers, terming them as false and motivated.
Singh made the claim through his counsel before Additional Chief Metropolitan Magistrate (ACMM) Harjeet Singh Jaspal while starting arguments on whether to frame charges against him in the case.
The cousel submitted that one of the complainants in the case was a member of the sexual harrasment committee and she never disclosed the alleged incident of 2012 till April, 2023.
She made the allegations as she failed to qualify for the Olympic 2015. Every complaint has a reason behind it. Every allegation is false Almost every complainant changed her statement. Cosmetic and improved statements were given to implicate the accused, the counsel told the court.
After hearing part arguments of defence on charges against Singh, the judge adjourned the matter till October 16.

Brij Bhushan Sharan Singh

West Bengal Chief Minister Mamata Banerjee Saturday alleged that the Centre is discriminating against the flood-affected people of north Bengal despite the "gravity" of the disaster in the area and the number of deaths being similar to that in neighbouring Sikkim.
She said that the Bengal government has and will continue to help Sikkim at this hour of need.
"Bengal is not a beggar", she said demanding "equality in treatment and non-discrimination in matters related  to central help".
Banerjee mentioned that since the night of the flashflood, her government has sent assistance of Rs 25 crore to Gorkhaland Territorial  Administration (GTA) in Darjeeling and Kalimpong districts and teams senior ministers and officials are still in the affected areas monitoring the situation in the flood-hit north Bengal districts.
"The disaster that struck our brothers and sisters in Sikkim has also struck my people in Darjeeling hills and Kalimpong also. The  strategic chicken's neck area of West Ben

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GST Council 'cedes right' to states on taxing neutral alcohols: FM

PM lauds men, women kabaddi teams as they bag gold medals at Asian Games

Asian Games: Indian kabaddi team sits on mat to protest referee's decision

Sexual harassment allegations false, motivated: ex-WFI chief Singh to court

Centre discriminating against flood-hit people in north Bengal: CM Mamata

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