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ITC has posted a 17.6% year-on-year jump in its net profit for the quarter ended June at ₹4,902.7 crore even as its board approved allotment of one share of its soon-to-be demerged hotel business for every 10 shares held in the company.
China may use the chips to hone its artificial intelligence systems and upgrade its armed forces.
The U.S. treasury secretary also raised the matter of punitive actions against foreign businesses operating in China. We round up insights into the issues at stake.
China's commerce ministry on Thursday said recent curbs on essential chip-making metals were not aimed at any specific country and that they did not represent a "ban on exports"."The Chinese government is not targeting any particular country in implementing these export controls," commerce ministry spokeswoman Shu Jueting said at a press briefing on Thursday.
China's export controls on metals used in semiconductors are "just a start", an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from U.S. Treasury Secretary Janet Yellen.