scotch whisky price: Two Sharp with ET: EQT & Bain eye Whirlpool; UK deal to make JLR, Scotch cheaper - The Economic Times Video
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
35 minutes ago
- News18
India And China Are Moving Forward, But Can It Be Sustained?
By resuming people-to-people exchanges while maintaining robust military deployments along the Line of Actual Control, New Delhi demonstrates a nuanced approach India's careful restoration of diplomatic ties with China is a masterclass in strategic calibration, though the sustainability of this rapprochement faces formidable challenges. By resuming people-to-people exchanges while maintaining robust military deployments along the Line of Actual Control, New Delhi demonstrates a nuanced approach to managing great-power competition without sacrificing national security interests. This calibrated normalisation, anchored in military-to-military contacts, visa liberalisation, and preparations for renewed special representatives' talks, offers a template for navigating complex bilateral relations in an era of heightened geopolitical tensions. The durability of this diplomatic thaw, however, confronts a fundamental question: can goodwill survive China's continued belligerent actions and the shifting dynamics introduced by Trump's economic nationalism? The mechanics of India-China normalisation since October 2024 reveal a diplomatic strategy designed to compartmentalise cooperation from competition. External Affairs Minister S Jaishankar's landmark visit to China in July, the first since the deadly Galwan clash, established critical parameters for engagement. Meeting President Xi Jinping alongside fellow Shanghai Cooperation Organisation (SCO) foreign ministers, Jaishankar stressed that both nations had made good progress in stabilising relations over the preceding nine months. This progress manifested in tangible measures. India's resumption of tourist visas for Chinese nationals on July 24 marked the first such initiative in five years, signalling a commitment to rebuilding connections severed by the 2020 border crisis. The announcement, made through the Indian embassy's WeChat account, was strategically timed to coincide with the 34th Working Mechanism for Consultation and Coordination meeting, where both sides expressed satisfaction with the general prevalence of peace and tranquility in the border areas. Agreements on resuming direct flights, sharing hydrological data on trans-border rivers, and facilitating the 'Kailash Mansarovar Yatra' reflect India's willingness to engage on non-sensitive issues while maintaining red lines on core security concerns. TRUMP'S TARIFF DISRUPTION The introduction of Donald Trump's 25 percent tariffs on Indian goods has paradoxically accelerated India-China normalisation by creating a common challenge to both nations' economic interests. Announced on July 30, these punitive measures specifically target India's energy and defence cooperation with Russia, while threatening additional penalties that could raise effective tariff rates to 35 percent. Trump's aggressive trade posture, described by Treasury Secretary Scott Bessent as reflecting frustration with India's 'slow-rolling" negotiations, has fundamentally altered the strategic calculus in New Delhi. While the tariffs are a sore point and an affront to US-India relations, the economic fallout for India is minimal. Tariffs threaten key export sectors, including automobiles, electronics, gems, and jewellery, with projected GDP impacts ranging from 0.2 to 0.5 percent if sustained. The fallout of this episode raises suspicion in New Delhi about moving forward with deep defence cooperation. It creates tactical incentives for India to explore alternative partnerships, including with China. The timing of these measures can be particularly damaging to India-US relations. Despite India being among the first nations to engage Washington in trade negotiations, and Commerce Minister Piyush Goyal's earlier optimism about concluding a 'consequential partnership", Trump's decision to impose the harshest Asian tariff regime on India revealed the transactional brutality underlying American alliance management. The President's subsequent characterisation of India as having a 'dead economy" further inflamed bilateral tensions. This deterioration in India-US relations creates space for China-India cooperation that would have been inconceivable under different circumstances. Both nations face pressure from Trump's economic nationalism; China through existing trade war measures, India through new tariff regimes. THE CHINA-PAKISTAN AXIS The India-China normalisation faces its most severe test in China's unwavering support for Pakistan, particularly evident during the Operation Sindoor conflict. Beijing's actions during this crisis revealed the limits of bilateral improvement when core strategic interests collide. According to defence ministry assessments, China provided Pakistan with satellite coverage adjustments, air defence system reorganisation, and real-time intelligence support during the four-day conflict. The support was extended beyond traditional arms supplies to active operational assistance. Chinese hardware has been regularly discovered with militants, including Huawei satellite phones and GPS devices, demonstrating Beijing's technological enablement of Pakistan's proxy warfare capabilities. China's diplomatic protection of Pakistan has proven equally problematic. Beijing's refusal to condemn the Pahalgam attack at the Shanghai Cooperation Organisation (SCO) meeting in Qingdao and its successful effort to exclude references to The Resistance Front from UN monitoring reports exposed the hollowness of its counter-terrorism rhetoric. Instead, China manipulated the joint statement to include Balochistan independence movements in what was a clear attempt to create false equivalencies between Pakistan's terrorism concerns and India's security operations. The institutional competition extends beyond South Asia to global governance structures. China's use of veto power to protect Pakistani interests in UN forums, manipulation of multilateral statements to serve Beijing's narrative, and creation of alternative institutional mechanisms all demonstrate systematic efforts to reshape the international order. These activities directly challenge India's preferred multilateral frameworks and create ongoing friction points. The economic dimensions of this nexus compound these security concerns. With $68 billion invested through the China-Pakistan Economic Corridor between 2005 and 2024, and 82 percent of Pakistan's military assets sourced from China, Beijing's commitment to Islamabad transcends transactional partnerships. These actions fundamentally undermine the trust-building measures India and China have carefully constructed. The CJWS assessment that 'anything currently available to China could be with Pakistan tomorrow" reflects a strategic reality that no amount of diplomatic dialogue can easily overcome. LIMITS OF STRATEGIC PATIENCE The current India-China thaw operates against a backdrop of unresolved structural tensions that constrain the scope for meaningful cooperation. Despite the October 2024 disengagement agreement covering Depsang and Demchok, over 100,000 troops remain deployed on both sides of the Line of Actual Control. This massive military presence reflects mutual recognition that tactical de-escalation cannot address fundamental disagreements over territorial claims. China's broader pattern of economic coercion against India further undermines trust-building efforts. Recent restrictions on rare earth materials, delays in tunnel boring machine deliveries for the Mumbai-Ahmedabad bullet train project, and the recall of Chinese technicians from Foxconn facilities demonstrate Beijing's willingness to weaponise economic interdependence. These measures create what analysts term India's 'strategic vulnerability," a multifaceted dependence that Beijing can exploit for diplomatic leverage. The dam construction on the Yarlung Tsangpo River exemplifies China's disregard for Indian concerns despite diplomatic engagement. Described by Arunachal Pradesh's Chief Minister as a 'ticking time bomb", this project threatens downstream water security for millions of Indians while proceeding without meaningful consultation. Such actions reveal the gap between China's diplomatic assurances and its operational behaviour. India's response reflects growing strategic patience fatigue. The shift from viewing the border dispute as manageable to treating it as existential, evidenced by Defence Secretary Giridhar Aramane's characterisation of China as a 'bully", signals hardening attitudes within the strategic establishment. This evolution suggests that tactical improvements cannot indefinitely substitute for addressing core disagreements. ECONOMIC INTERDEPENDENCE The $118.4 billion bilateral trade relationship between India and China creates both incentives for cooperation and vulnerabilities that can be exploited. India's $85.1 billion trade deficit reflects structural dependencies that complicate any comprehensive decoupling strategy. China's position as India's largest trading partner since 2021-22 means that sustained deterioration in relations would impose significant costs on both economies. For India, pursuing its target of 6.5 percent growth in 2025 and achieving third-largest economy status by 2027 requires access to Chinese components, manufacturing capabilities, and export markets. However, economic interdependence operates asymmetrically. China's ability to restrict critical inputs — demonstrated through rare earth export controls and technology transfer limitations — provides Beijing with escalatory options that India cannot easily reciprocate. India's response through the 'Atmanirbhar Bharat' initiative seeks to reduce these dependencies while maintaining beneficial engagement. The selective approach, which maintains trade in non-sensitive sectors while building domestic capabilities in strategic industries, reflects a sophisticated understanding of economic statecraft. Yet the timeline for achieving meaningful self-reliance extends beyond current political cycles, creating interim vulnerabilities that China can exploit. MANAGING COMPETITION, NOT RESOLVING IT The current India-China normalisation is more crisis management rather than fundamental conflict resolution. Both nations have demonstrated the capacity to prevent tactical disagreements from escalating into confrontation while pursuing competing regional ambitions. The structural factors driving competition, territorial disputes, alliance commitments, and regional ambitions remain unresolved and potentially irreconcilable. China's Pakistan commitments, India's American partnerships, and both nations' economic development imperatives create ongoing friction points that tactical improvements cannot eliminate. The sustainability of current trends depends on both nations' ability to maintain strategic patience while managing domestic political pressures for more assertive policies. top videos View all By compartmentalising cooperation from competition, maintaining multiple strategic partnerships, and preserving decision-making autonomy, New Delhi demonstrates that middle powers can navigate great power rivalry without sacrificing core interests. The answer may ultimately depend less on the goodwill between New Delhi and Beijing than on their respective calculations about the costs and benefits of continued competition versus accommodation. The test will come when one side concludes that its interests require fundamental changes to this equilibrium. If history has taught us anything, China is no stranger to ensuring that its interests are met, even if it comes at great cost to its partner nation. Consider the US-China rapprochement circa 1972. About the Author Sohil Sinha Sohil Sinha is a Sub Editor at News18. He writes on foreign affairs, geopolitics along with domestic policy and infrastructure projects. tags : Indo-China ties Narendra Modi Xi Jinping view comments Location : New Delhi, India, India First Published: August 04, 2025, 07:00 IST News opinion Opinion | India And China Are Moving Forward, But Can It Be Sustained? Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
42 minutes ago
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Monday
Stock Market Today: During the week ended 1 August 2025, the benchmark Nifty-50 index ended more than 1% lower at 24,565.35, amid Trump tariff uncertainties. The Bank Nifty, at 55,617.60, also ended more than 1% lower, while Realty and Pharma were among the key underperformers, though FMCG and Industrials were among the key outperformers. Mid and small caps also saw significant pressure during the week. For the Nifty-50 Index, the zone of 24400–24350 is expected to act as an immediate support for Nifty. A sustained break below this could further accelerate the downside. On the flip side, the 50-day EMA zone of 24900–24950 now stands as a crucial hurdle, said Sudeep Shah, Vice-President & Head of Technical and Derivatives Research, SBI Securities. Going ahead, for Bank Nifty, the zone of 55200-55100 will act as an important support, as per Shah. Volatility is expected to remain high in the coming week amid key central bank decisions, corporate earnings announcements, and trade-related developments. While a defensive stance may be prudent in the short term, selective accumulation in fundamentally strong stocks on dips can offer favorable long-term opportunities. Sectors vulnerable to global volatility—especially IT and metals—should be approached with caution until greater clarity emerges around U.S. trade policy and macroeconomic trends. Given the prevailing technical weakness and external uncertainties, disciplined risk management and prudent position sizing will be essential for traders, said Ajit Mishra – SVP, Research, Religare Broking Ltd Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: CCL Products (India) Ltd, Trent Ltd, Biocon Ltd, Marico Ltd, Central Depository Services (India) Ltd, TVS Motor Company Ltd, Genus Power Infrastructures Ltd and Waaree Energies Ltd. CCL Products (India) Ltd-Bagadia recommends buying CCL at around ₹ 894. 1. Keep stop loss at ₹ 862 for a target price of ₹ 957. CCL is currently trading at ₹ 894.10 and showing a strong bullish trend on the daily chart. The stock has printed a bullish candlestick and is nearing a breakout from an ascending triangle pattern. A decisive close above the key resistance at ₹ 915 would confirm the breakout and signal the continuation of the uptrend, potentially driving the stock toward the short-term target of ₹ 957. 2. Trent Ltd-Bagadia recommends buying TRENT at around ₹ 5180, keeping Stoploss at ₹ 5000 for a target price of ₹ 5550. TRENT is currently trading at ₹ 5,180, having rebounded strongly from a key support level. The stock has formed a bullish candlestick on the daily chart and broken out of a consolidation phase by surpassing the crucial resistance level of ₹ 5,100. This breakout, accompanied by rising trading volumes, indicates a potential trend reversal and growing buying interest. From a technical perspective, 3. Biocon Ltd.-Dongre recommends buying Biocon at around ₹ 383, keeping Stoploss at ₹ 370 for a target price of ₹ 405. Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 383 and has established a solid support base at ₹ 370. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 405 level in the near term. 4. Marico Ltd.-Dongre recommends buying MARICO at around ₹ 711, keeping stop-loss at ₹ 700 for a target price of ₹ 725 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 711 and maintaining strong support at ₹ 700. The technical setup indicates the potential for a price retracement towards the ₹ 725 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 700 offers a prudent approach to capturing the anticipated upside. 5. Central Depository Services (India) Ltd (CDSL)—Dongre recommends buying CDSL at around ₹ 1478, keeping stop loss at ₹ 1450 for a target price of ₹ 1540 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1478 and maintaining strong support at ₹ 1450. The technical setup indicates the potential for a price retracement towards the ₹ 1540 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1450 offers a prudent approach to capturing the anticipated upside. 6. TVS Motor Company Ltd-Koothupalakkal recommends buying TVS MOTOR at around ₹ 2858 for a target price of ₹ 2970, keeping stop loss at around ₹ 2500. The stock has indicated a decent pickup from the important 50EMA at the ₹ 2800 level, improving the bias and anticipating a further rise in the coming sessions. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with decent upside potential visible to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock. 7. Genus Power Infrastructures Ltd-Koothupalakkal recommends buying GENUS POWER INFRA at around ₹ 363.85 for a target price of ₹ 382, keeping the stop loss at around ₹ 355 The stock has witnessed a significant pullback from the important 200-period MA at the ₹ 350 level with a positive candle formation to improve the bias, and we expect a further upward move in the coming sessions. The RSI is currently well placed and indicated a buy signal with decent volume participation visible to anticipate a further rise, and with the chart technically looking good, we suggest buying the stock. 8. Waaree Energies Ltd-Koothupalakkal recommends buying WAAREE ENERGIES at around ₹ 3104, keeping a target price of ₹ 3250. keeping Stop loss at ₹ 3045 The stock has taken support near the important 50EMA zone at the ₹ 2995 level and has picked up significantly with a bullish candle formation on the daily chart to improve the bias, and we can expect further gains in the coming sessions. The RSI is well positioned and has much upside potential to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 3250, keeping the stop loss at the ₹ 3045 level. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
42 minutes ago
- The Hindu
The Hindu Morning Digest, August 4, 2025
Top Trump aide accuses India of financing Russia's war in Ukraine A top aide to U.S. President Donald Trump on Sunday (August 3, 2025) accused India of effectively financing Russia's war in Ukraine by purchasing oil from Moscow, after the U.S. leader escalated pressure on New Delhi to stop buying Russian oil. 'What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia,' said Stephen Miller, deputy chief of staff at the White House and one of Mr. Trump's most influential aides. SIR brings the INDIA bloc together for first physical meeting since June 2024 United in their opposition to the Special Intensive Revision (SIR) of electoral rolls, the INDIA bloc partners will meet together outside Parliament for the first time in 14 months on Thursday (August 7, 2025) , when they are set to gather at the Delhi residence of Congress MP Rahul Gandhi, the Leader of Opposition in the Lok Sabha. NDA seeks legal action against Tejashwi Yadav for allegedly holding two Voter ID cards The ruling National Democratic Alliance (NDA) on Sunday (August 3, 2025) urged the Election Commission of India (ECI) to take cognisance of the two voter ID cards allegedly possessed by Rashtriya Janata Dal (RJD) leader and the Leader of the Opposition in the Bihar AssemblyTejashwi Yadav, and file a case against him. Bio-fortified potatoes to hit Indian market soon Bio-fortified potatoes, with added iron content, will soon be available in Indian markets, said Dr. Simon Heck, Director General of the Peru-based International Potato Center (CIP), in an interview to The Hindu. Bio-fortified sweet potatoes, additionally added Vitamin A using technology developed by the CIP, are already available in Karnataka, Assam, West Bengal and Odisha, and the CIP will take efforts to make available the seeds of bio-fortified sweet potato to more farmers, said Dr. Heck. He is in India as part of the establishment of the South Asia regional centre of the CIP in Agra. IND vs ENG fifth Test: Root, Brook take England closer to record chase As Joe Root and Jacob Bethell walked out for the final session, not many expected India to fight back. Until then, Root and Harry Brook made batting look easy as the hosts inched closer to chasing down a massive 374 and set a record at The Oval on the fourth day of the fifth Test. But 30 minutes into the post-tea session on Sunday, things changed dramatically as England lost two quick wickets and was struggling at 339 for six, still 35 runs away from the victory, before rain forced an early end. Philippines President Marcos Jr. to visit India as two sides deepen maritime cooperation In a move aimed at deepening maritime cooperation with the southeast Asian region, India will host Philippines President Ferdinand Romualdez Marcos Jr. from August 4 to 8. This will be the first visit by President Marcos Jr, son of the late President Ferdinand Marcos who visited India in 1976. New U.K. law to target gangs pushing illegal immigration with social media advertisements The U.K. on Sunday (August 3, 2025) unveiled plans for a new law that will crack down on criminal gangs behind social media advertisements promoting dangerous small boat crossings and other forms of illegal immigration into the country. Sixty-eight African migrants killed as boat capsises off Yemen A boat capsized on Sunday (August 3, 2025) in waters off Yemen's coast, leaving 68 African migrants dead and 74 others missing, the U.N.'s migration agency said. The tragedy was the latest in a series of shipwrecks off Yemen that have killed hundreds of African migrants fleeing conflict and poverty in hopes of reaching the wealthy Gulf Arab countries. Press Club of India seeks withdrawal of FIR against journalist in Himachal Pradesh The Press Club of India (PCI) on Sunday (August 3, 2025) urged Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu to intervene and withdraw a first information report (FIR) registered by the Shimla police against a journalist and a news portal. The Club criticised the police action against journalist Sanjeev Sharma and the news portal Samwad Bharat, terming it 'a clear attempt to intimidate and silence independent journalism'. Opposition rejects Odisha Police claim in minor girl's death in Puri Opposition parties intensified their criticism of the Mohan Majhi-led government, rejecting the Odisha Police's claim that no one was involved in the incident in which a 15-year-old girl from Puri district died of burn injuries allegedly inflicted by miscreants. Following the post-mortem conducted at AIIMS, New Delhi, the girl's body was brought to her native village under Balanga police station limits in Puri district for burial.
