
China Moves Ahead With $167 Billion Tibet Mega-Dam Despite Risks
Chinese Premier Li Qiang launched construction of the hydropower project on the lower reaches of the Yarlung Tsangpo river on Saturday, and unveiled the China Yajiang Group, a new company that will be charged with managing the dam's development, according to the official Xinhua News Agency.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Nidec Announces the Disclosure of the Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2026, Exceeding 45 Days After the Quarter-End
KYOTO, Japan, July 24, 2025--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the "Company") hereby announces that the scheduled disclosure date of the financial results for the first quarter of the fiscal year ending March 31, 2026, will exceed 45 days after the quarter-end, as detailed below. 1. Reason for the Delay in the Disclosure of the Financial Results As announced in our press release dated June 26, 2025, titled "Notice concerning board of directors' resolution of application for approval of deadline extension for submission of securities report for 52nd fiscal year," the Company is continuing additional investigations concerning issues related to trade transactions and customs issues involving one of our consolidated subsidiaries. Consequently, the consolidated financial statements for the fiscal year ended March 31, 2025, have not yet been finalized. Furthermore, as stated in our press release dated June 27, 2025, titled "Notice concerning approval of deadline extension for submission of the securities report for the fiscal year ended March 31, 2025," we are working to submit the annual securities report for the fiscal year ended March 31, 2025, by the extended deadline of September 26, 2025. However, due to the ongoing additional investigations mentioned above, delays have also occurred in the procedures for the financial results for the first quarter of the fiscal year ending March 31, 2026. As a result, the disclosure of the financial results for the first quarter of the fiscal year ending March 31, 2026, will be postponed. 2. Future Disclosure Schedule The new disclosure date for the financial results for the first quarter of the fiscal year ending March 31, 2026, will be announced promptly once determined. We sincerely apologize for any inconvenience and concern this may cause to our shareholders, investors, and other stakeholders. View source version on Contacts Teruaki UragoGeneral ManagerInvestor Relations+81-75-935-6140ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Entrepreneur
27 minutes ago
- Entrepreneur
Eraaya Lifespaces Announces Exit from USD 120 Mn FCCB Program
The move follows a detailed assessment of the issuance, which was originally intended to fund the acquisition of Ebix Inc. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Eraaya Lifespaces Limited has announced that its Board of Directors has approved a strategic exit from its USD 120 million Foreign Currency Convertible Bonds (FCCBs) program. The move follows a detailed assessment of the issuance, which was originally intended to fund the acquisition of Ebix Inc. Although the acquisition was completed through alternative funding routes, the company reports that USD 40 million of the raised amount remains unjustifiably withheld by Elara Capital PLC and certain bondholders. This development, Eraaya stated, has obstructed the primary commercial intent behind the FCCB issuance and has made its continued operation legally untenable under the Indian Companies Act, 2013. In its official communication, the Board expressed concerns over the fragmented state of the bonds, which it believes threatens the company's governance and regulatory compliance. A significant point of contention is the role of Oyster Bay, an FCCB subscriber managed exclusively by Elara Capital, which also served as the issuance advisor. Eraaya cited this as a serious conflict of interest and a breach of fiduciary duty. Despite repeated appeals to release the withheld funds, Elara Capital and associated bondholders have reportedly failed to cooperate. The company also stated that it has faced coordinated attempts to destabilise operations through regulatory complaints, targeted media reports, and threats directed at its leadership. The advisory board of Eraaya, which includes respected figures such as former Enforcement Directorate official Karnal Singh, ex-SEBI Chairman G.N. Bajpai, and former Central Vigilance Commissioner T.M. Bhasin, has unanimously supported the decision to exit the program. Eraaya emphasised that no legitimate bondholder would face financial loss and that all resolutions would be executed transparently and in accordance with the law. The company also reserved the right to seek legal remedies for any damages resulting from the alleged misconduct linked to the FCCB issuance.


CNN
28 minutes ago
- CNN
Indian and Chinese travelers hail end of visa freeze between world's two most populous nations as diplomatic tensions thaw
They are the two most populous countries in the world and neighbors clamoring for more tourists, but for much of the last five years it has been difficult for Indian and Chinese nationals to vacation in each other's nations. Now that looks set to finally change as previous fractious relations between the two Asian giants finally begin to thaw. India will issue tourist visas for Chinese citizens for the first time in five years, allowing nationals from its neighboring country to freely visit each other, marking a significant reset in relations after a deadly border clash sent ties into a deep freeze. From Thursday, July 24, Chinese citizens can apply for tourist visas to India, the Indian embassy in Beijing said Wednesday. This 'positive news' is in the 'common interests of all parties,' China's foreign spokesperson Guo Jiakun said. 'China is willing to maintain communication and consultation with India to continuously improve the level of facilitation of personnel exchanges between the two countries.' There has been a gradual normalization of ties between India and China in recent months after relations were deeply strained in June 2020, when a brutal hand-to-hand battle in the Galwan Valley left at least 20 Indian and four Chinese soldiers dead. Both nations maintain a heavy military presence along their 2,100-mile (3,379-kilometer) de facto border, known as the Line of Actual Control (LAC) – a boundary that remains undefined and has been a persistent source of friction since their bloody 1962 war. The 2020 clash in the disputed region between Indian Ladakh and Chinese-controlled Aksai Chin marked the first deadly confrontation along India and China's disputed border in more than 40 years. Tensions escalated in the aftermath. India banned multiple Chinese apps, heightened scrutiny of Chinese investments and direct air routes between the two neighbors were canceled. Both countries had shut their borders to foreign tourists due to the Covid-19 pandemic, but visa restrictions continued even as global travel began to resume. China lifted tourist visa restrictions for Indian nationals in March after Beijing and New Delhi announced they would work to resume direct air travel, according to Reuters. Now India's reciprocal move is seen as a welcome move by many. 'Inbound tourism is going through tough period post Covid, so it is good for us that another market has opened,' according to Sarvjeet Sankrit, founder of the Delhi-based travel agency Ghum India Ghum (Roam India Roam), who said he saw 'lots of Chinese tourists' visit the capital before the visa ban. India lifting restrictions is 'a good thing for vehicle owners, guides, and hotel owners,' he said. 'Everyone will get more business.' Chinese national Kate Hu, whose boyfriend is from India, said she is excited at the prospect of finally being able to visit his family. The Hong Kong-based comedian had already booked tickets to visit India for his sister's wedding in April when she found out she couldn't get the visa. 'I lost a bit of money there,' Hu said. 'We had talked about getting married just to have the visa, so now I'm happy to hear I won't have to get married just for a visa,' she joked. Her boyfriend is currently in India to take care of his sick mother. 'If this (news) had come out sooner, then I could have gone with him,' she said. Pradeep K, a consultant in Delhi called India's latest move is 'a good thing,' adding 'people of India and China will get to interact more.' He said he is excited at the prospect of traveling to China to see pandas. 'Will a diplomatic move on paper change mindsets and bring people closer? Your guess is as good as mine.' India's decision to remove visa restrictions is the latest in a string of steps taken by New Delhi and Beijing to reset ties after Chinese leader Xi Jinping met with Indian Prime Minister Narendra Modi on the sidelines of the BRICS summit in Russia last October. In January, India and China agreed to resume direct commercial flights and Beijing recently agreed to reopen Mount Kailash and Lash Manasarovar in western Tibet to Indian pilgrims for the first time in five years. Earlier this month, India's foreign minister S. Jaishankar met with his Chinese counterpart Wang Yi in Beijing, where the two 'took note of the recent progress made by the two sides to stabilize and rebuild ties, with priority on people-centric engagements,' according to a statement from the Indian foreign ministry. There has been a 'gradual normalization of the India-China relationship,' said Harsh V. Pant, foreign policy head at the New Delhi-based Observer Research Foundation think tank. 'There is a certain recalibration happening from both ends. But this is also a reflection that India faces a unique challenge in managing China,' he added. Despite the ongoing tensions, India is still economically dependent on China and sees 'a possibility of building an economic partnership' while making its red lines clear, Pant said. Delhi-based teacher Saurabhi Singh said while India and China have fought wars in the past, 'relations can and should change.' She added: 'We have labor, markets, manufacturing abilities and a fondness for food, tea, electronics that connect people of both countries.'