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EU underlines its opposition to China's interference in Dalai Lama's succession

The assertion came in response to a question by five MPs of the European Parliament, namely Petras Austrevicius, Ausra Maldeikiene, Hannes Heide, Francisco Guerreiro and Petra De Sutter who had submitted a question to EU Foreign Affairs chief, Josep Borrell, asking about the position of EU on the succession of Dalai Lama and what measures the Union intends to take.The EU parliamentarians said that they expect Beijing to respect the spiritual leader's succession according to the traditional standards of Tibetan Buddhism, according to an independent analyst.In January this year, the US House of Representatives had unanimously passed the Tibetan Policy and Support Act (TPSA) to strengthen policy in support of Tibet, a move that was hailed as "encouraging and empowering" by the representatives of Tibet.The Act intended to, among other things, sanction Chinese officials for interfering in the Dalai Lama's succession.The Dalai Lama institution has existed for more than 600 years, during ...




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China Stocks rise on lenders earnings update

The gains were driven by banking shares after China's big four lenders reported higher profits for the first quarter despite the impact of the pandemic.




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Australia Market ends higher in vlatile trade

Local shares fell in early trade on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.




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China Market closed for Golden Week national holiday

Asian stock markets fell sharply on Monday, 04 May 2020, as risk sentiment turned sour on reigniting tensions between the world's top two economies after U.S. officials tried to pin blame for the coronavirus pandemic on China.




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Japan Stocks surge on easing coronavirus pandemic fears

Total 32 issues of 33 industry category of Topix index were in positive territory, with Iron & Steel, Nonferrous Metals, Marine Transportation, Land Transportation, Wholesale Trade, Real Estate, and Securities & Commodities Futures issues being notable gainers.




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China Stocks rise on US-China trade talks

The gains in Mainland China share market were driven by reports that top US and Chinese trade representatives discussed their Phase 1 trade deal earlier in the day, with China saying it would work with Washington to improve the atmosphere for implementing the Phase 1 trade deal signed this year. The officials also agreed to "strengthen cooperation on macro economy and public health."




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Ujjivan Small Finance Bank IPO gets strong demand

Receives bids for 2053.80 crore shares




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How Math Helps Fight Epidemics Like Zika

When an epidemic such as Zika threatens to sweep across the country, public-health workers and policy makers need some basic information in order to plan a strategic response to make the best use of limited resources to protect the public from the spread of the disease. Enter the mathematicians and statisticians.




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A Note to Readers

Dear readers, The Numbers blog will no longer be updated as of July 2017. We will continue to look at the use of numbers in news, business and politics in our weekly column, and you can follow us on Twitter for the latest updates. Additionally, you can download the WSJ app for iOS or Android to follow Jo Craven McGinty and all […]




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Understanding fund directory

The Fund Managers of the year have been selected based on risk-adjusted returns




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A Gymnast's Death-Defying Leap to Success

Dipa Karmakar, the first female Indian gymnast to qualify for the Olympics, will be performing one of the sport's most dangerous and difficult moves in Brazil in August. Photo: Karan Deep Singh/The Wall Street Journal




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How China Upended Life at India's Ship-Recycling Yards

At the world's biggest ship-recycling yard at Alang, India, life is becoming harder as fewer ships arrive. Here's why. Photo: Karan Deep Singh/The Wall Street Journal




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How Confidential Documents Get Stored at the White House

The transcript of President Trump's call with Ukraine shed light on a method for classifying documents that's even more top secret than top secret. WSJ spoke to a former National Security Council official to understand the intricacies of the White House server security system.




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Women Are Less Likely to Delegate Than Men

Women are less likely to delegate than men and that might hurt their careers. WSJ's Michelle Ma explains why women have a harder time passing off work to others.




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Volkswagen used defeat device in India too: Geete

Emission nine times more than cap; firm denies claim




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Foxconn delay leaves Maharashtra jittery

State worried over the delay as despite marathon meetings, several visits, the company is still conducting due diligence on various sites




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Post-Covid era will see perceptible change in global supply-chains and India should capture significant share in the world trade: Piyush Goyal

Minister of Commerce and Industry & Railways Shri Piyush Goyal held discussions with the Export Promotion Councils(EPCs) of the country. He called upon the Exporters to identify their strengths, potentials and competitive advantages in specific sectors, and focus on harnessing them in the world markets. Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade. He assured them that the Government will be a pro-active supporter and facilitator in their efforts, and the Indian Missions abroad can play an important role in that. The Minister said that Incentives can be given, but they have to be justified, reasonable, and WTO-compliant.




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India's Gold Demand Tanks 36% In March Quarter

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Reserve Bank Extends Regulatory Benefits Under Special Liquidity Facility For Mutual Funds

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RBI Governor meets MD & CEOs of Public and Private Sector Banks over Video Conference

In his opening remarks, the Governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.




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Country-Wide Lockdown Was Necessary But Has Had Deep Ramifications On Economic Activity: CII Survey

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.




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RBI Launches May 2020 Round Of Consumer Confidence Survey

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Government Contemplating Policy On Import Substitution In The Wake Of New Economic Situation Created By COVID-19 Pandemic: Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.




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Gillette India standalone net profit declines 40.31% in the March 2020 quarter

Sales decline 12.66% to Rs 406.57 crore




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Cyient consolidated net profit declines 74.41% in the March 2020 quarter

Sales decline 7.68% to Rs 1073.60 crore




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Western Transmission Gujarat standalone net profit declines 13.48% in the March 2020 quarter

Sales rise 27.54% to Rs 13.20 crore




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R Systems International consolidated net profit declines 23.02% in the March 2020 quarter

Sales rise 6.60% to Rs 209.26 crore




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BASF India receives demand notice from Commercial Tax Department, Karnataka

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.




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SBI Card & Payment Services standalone net profit declines 66.41% in the March 2020 quarter

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019




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TCI Express standalone net profit declines 12.56% in the March 2020 quarter

Sales decline 10.50% to Rs 237.94 crore




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Swaraj Engines standalone net profit declines 4.86% in the March 2020 quarter

Sales decline 8.53% to Rs 175.13 crore




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Will work harder till we win the confidence of people: Rahul Gandhi

Election trends suggest that Congress has lost in Kerala and Assam and has failed to make a dent in West Bengal and Tamil Nadu despite alliances




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Assembly Elections 2016: 5 stars who made a difference

A look at key faces who helped their parties cross the finish line




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Jayalalithaa deprives Karunanidhi of last hurrah

The J Jayalalithaa-led AIADMK has retained power by winning 134 seats in the 234 Assembly seats




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Jayalalithaa elected as legislature party leader

The party won election with 134 seats out of 232 seats




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Rail stocks decline 3-5% ahead of Railway Budget

The investors are looking for a safety fund for Railways




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Govt weighs fiscal stimulus in upcoming Budget to boost demand

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%




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Health care service providers want tax sops in Budget

Wants patient treatment, which is currently exempt from service tax, to continue to enjoy this sop under GST for 10 years




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Benchmarks near day's high; RIL in demand

The domestic equity barometers traded near the day's high in morning trade. The Nifty was trading above the 9300 mark. Buying in index major Reliance Industries (RIL) pushed the benchmarks higher. At 10:29 IST, the barometer index, the S&P BSE Sensex, was up 441.29 points or 1.40% at 31,884.67. The Nifty 50 index rose 122.10 points or 1.33% at 9,321.15.




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Cadila Healthcare rises after USFDA nod on Deferasirox tablets

Cadila Healthcare gains 0.11% to Rs 321.95 after the company said it received final approval from US drug regulator for Deferasirox tablets for oral suspension.




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Shares extend gains; pharma stocks in demand

Key benchmarks extended gains in mid-morning trade. The Nifty was trading above the 9300 mark. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 494.49 points or 1.57% at 31,937.87. The Nifty 50 index rose 137.15 points or 1.49% at 9,336.20.




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NLC India slips after fire accident at Neyvali plant

NLC India fell 0.46% to Rs 43.70 after the company said eight workers were injured in a fire accident at the TS II power plant in Neyveli, Tamil Nadu.




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Indices pare gains, PSU banks decline

The benchmark indices pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty held above the 9300 mark. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 397.91 points or 1.27% at 31,841.29. The Nifty 50 index rose 106.05 points or 1.15% at 9,305.10.




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Barometers pare gains in late trade; Nifty below 9300

As per provisional closing, the barometer S&P BSE Sensex gained 199.32 points or 0.63% at 31,642.70. The Nifty 50 index gained 51.55 points or 0.56% at 9,250.60.




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Quick Wrap: Nifty Pharma Index rises 2.13%

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For Clues to Biden's VP Pick, Look to History

As speculation grows over Joe Biden’s selection of a running mate, WSJ’s Gerald F. Seib looks at past picks for clues into what factors the former vice president will consider, and why this year’s choice is more important than ever. Photo: Getty Images




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How the 2020 Presidential Campaign Is Starting to Resume

As fears of the novel coronavirus spread through the U.S., the high-contact tradition of presidential campaigning came to a halt. WSJ's Gerald F. Seib explains what Americans may see as campaigning resumes. Photo: Shutterstock/Zuma Press




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Coronavirus Update: Lockdown Orders Expire, Lab Theory Investigated

States balance public health and economic well-being as more lockdowns expire; U.S. intelligence agencies confirm investigating if the coronavirus escaped from a lab in Wuhan; Apple and Amazon report profits. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Matthew Hatcher/Bloomberg




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Coronavirus Update: California Borrows Federal Cash, United Plans Cuts

California is the first state to borrow federal funds to cover rising jobless claims, United Airlines expects to cut its management ranks by 30%, and the FDA sets standards for antibody tests in a crackdown on fraud. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Rich Pedroncelli/Associated Press




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Coronavirus Update: ‘Evidence’ Virus Came From Lab, Economies Start to Reopen

The Trump administration steps up assertions that the coronavirus originated at a lab in Wuhan, governments around the world start to allow businesses to reopen, millions of imported masks fall short of N95 standards. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Scott Keeler/Zuma Press