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Cooperative pas de deux?

Financial Express Chandigarh

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March 12, 2025

Prospects for dancing with the dragon are brighter with a narrower power differential

A TIME when the global economic order is being disrupted, India must nurture relationships with all the rising powers in an increasingly multi-polar world. Its relations with China — the second largest economy in the world — are passing through a testy phase. India has so far engaged in a delicate balancing act of aligning with the US while bolstering strategic relationships with Russia and other middle powers who punch above their weight in global affairs. As the dynamics between the US, Russia, and China are in flux, there is a warrant for India to create strategic space for an entente cordiale with the dragon. India's policy choices in this regard are no doubt complicated by the continuing face-off on the Sino-Indian border since April 2020. It is not business as usual for the bilateral relationship unless there is peace and tranquillity on the border. China's foreign minister Wang Yi recently stated that a ballet between the elephant and dragon is the only "right choice" for bilateral relations, adding that "we should never allow bilateral relati

Financial Express Chandigarh からのその他のストーリー

Financial Express Chandigarh

Ujjivan SFB profit up 71% to ₹186 crore

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IIFL Finance Dec qtr profit rises multifold

IIFL FINANCE, A non-banking financial institution (NBFC) providing gold loans and business loans, on Thursday said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period.

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Rupee breaks six-day losing streak, rises 7p to 91.63

THE RUPEE BROKE its six-day declining streak by staging a mild recovery on Thursday, sup- ported by an improvement in risk appetite after US President Donald Trump stepped back from tariff threats against Europe linked to Greenland. The currency gained 7 paise to close at 91.63.

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IndiGo Q3 profit falls 78% on Dec trouble

INTERGLOBE AVIATION, WHICH operates IndiGo, on Thursday reported a sharp fall in its October-December profit after onetime charges linked to widespread flight disruptions in December dragged earnings well below market expectations, even as revenue grew at a modest pace.

time to read

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Air India loss in FY26 may cross ₹15K cr

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RBI conducts $2-billion-plus foreign exchange swaps to blunt intervention hit

THE RESERVE BANK of India has conducted more than $2 billion in foreign exchange (Fx) swaps over the last two days to offset the drain in liquidity caused by spot dollar sales, bankers said, suggesting a focus on containing currency pressures without exacerbating banking liquidity tightness.

time to read

1 min

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Financial Express Chandigarh

Battery PLI loses charge

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2 mins

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Trump Vs Fed: Top court sounds alarm

US SUPREME COURT justices during arguments over President Donald Trump’s bid to fire Federal Reserve Governor Lisa Cook seemed to embrace the idea that the central bank’s independence to set monetary policy must be preserved and that eroding it would present real-world economic risks.

time to read

1 mins

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Financial Express Chandigarh

Indian Bank net profit rises 7% as provisions fall

INDIAN BANK ON Thursday reported a 7.3% year-on-year rise in its net profit for the December quarter to $3,061 crore, owing to lower provisions and an improvement in the asset quality.

time to read

1 min

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‘PNB Housing Finance to grow affordable business’

PNB Housing Finance has guided for 3.6%-3.7% net interest margin (NIM) and is confident of maintaining the same, Managing Director Ajai Kumar Shukla tells Kshipra Petkar in an interview.

time to read

2 mins

January 23, 2026

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