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Mallikarjun Kharge mourns Jaspal Rana’s demise, calls him

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Mallikarjun Kharge mourns Jaspal Rana’s demise, calls him

New Delhi [India], June 12 (ANI): Congress president Mallikarjun Kharge on Friday expressed grief over the passing of famend shooter and coach Jaspal Rana, calling him ‘a towering determine in Indian sport and considered one of our best capturing champions.’

‘From bringing glory to India on the world stage to nurturing future generations of shooters, his contribution to Indian sport was really extraordinary. He even delved in public service to work for his state of Uttarakhand,’ Kharge wrote on X.

‘My heartfelt condolences to his household, mates and the complete sporting fraternity,’ he added.

https://x.com/kharge/status/2065299009355518182

Earlier within the day, Prime Minister Narendra Modi additionally mourned the demise of Rana, stating, ‘Deeply saddened by the passing of Shri Jaspal Rana Ji. His passing is a profound loss to the world of Indian sports activities. He introduced immense glory to the nation by means of his extraordinary achievements in capturing. Equally outstanding was his contribution as a mentor, shaping and guiding younger athletes with nice dedication. His unwavering dedication to excellence, self-discipline and repair to the sporting world earned him immense admiration. My ideas are together with his household, mates and the complete sporting fraternity on this hour of grief. Om Shanti.’

The 49-year-old handed away in New Delhi on Friday after battling well being issues. He was admitted to Max Hospital in Saket, South Delhi, the place he breathed his final, hospital officers confirmed. Rana had reportedly fallen sick whereas coming back from the ISSF World Cup in Munich on Thursday and later underwent a medical process in Delhi.

Rana leaves behind a legacy spanning over three many years in Indian capturing. He stays the nation’s most embellished Commonwealth Games athlete, having gained 15 medals — 9 gold, 4 silver and two bronze — throughout the 1994, 1998, 2002, and 2006 editions. His Asian Games achievements embody 4 golds and a silver, notably a historic three gold medals on the 2006 Doha Asian Games, achieved regardless of competing with a excessive fever.

After retiring from lively competitors, Rana targeted on teaching and nurturing expertise. As India’s junior nationwide coach, he performed a key function in creating stars resembling Manu Bhaker and Saurabh Chaudhary. Despite a short lived fallout with Bhaker earlier than the Tokyo Olympics, they reconciled, with Rana mentoring her to safe two bronze medals on the 2024 Paris Olympics.

At the time of his demise, Rana was serving as India’s high-performance coach for pistol occasions. (ANI)

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China’s inland magnificence clusters pursue greater than manufacturing facility margins

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China’s inland magnificence clusters pursue greater than manufacturing facility margins

ZHENGZHOU, June 12 (Xinhua) — A big share of the world’s make-up brushes and wigs have origins situated removed from the style capitals the place they’re offered.

Local corporations in Luyi, a county in central China’s Henan Province, provide greater than 85 % of the world’s synthetic make-up brush fiber supplies and account for over 90 % of China’s make-up brush exports. In the close by metropolis of Xuchang, not less than six out of each 10 wigs offered globally are made by a cluster of greater than 4,000 associated corporations.

Together, these two locations in Henan present how inland manufacturing hubs in China are searching for a much bigger share of the worldwide magnificence commerce, transferring from uncooked supplies and contract manufacturing into manufacturers, patents, abroad warehouses and direct on-line gross sales.

The roots of this shift return a long time.

Luyi’s make-up brush trade began within the late Nineteen Seventies, when native villagers discovered export worth in sheep tail hair. For years, corporations there purchased and processed hair supplies, promoting semifinished items or making merchandise for international labels.

Xuchang’s hair commerce, in the meantime, has even deeper roots. Local information hint it again to the Ming Dynasty (1368-1644), when residents traded needles and thread for human hair and made stage beards and headpieces. By the late Qing Dynasty (1644-1911), native retailers have been exporting processed hair to Europe through partnerships with German merchants.

In each locations, scale got here earlier than manufacturers. The industrial know-how was native, however a lot of the consumer-facing worth was not. This hole is now what native corporations are attempting to shut.

Luyi moved first by way of industrial coverage. In 2016, the county launched a program to attract again entrepreneurs who had made their option to coastal buying and selling hubs, pairing a brand new make-up brush industrial park with rent-free manufacturing facility area, backed loans, a provincial high quality inspection heart and a cross-border e-commerce incubator.

One returnee was Huang Chunjie, chairman of DIAS, a beauty instrument firm. After years of buying and selling makeup-brush supplies for Japanese and Korean purchasers in Yiwu in east China’s Zhejiang Province, which hosts the world’s largest wholesale marketplace for small commodities, Huang returned to Luyi in 2016 and moved up the chain: from raw-material gross sales and contract manufacturing to his personal model of mid- to high-end make-up brushes and wonder sponges for abroad markets.

This transfer gave DIAS greater than a label. It modified how the corporate offered. The agency has now constructed direct gross sales channels in Europe and arrange an abroad warehouse in Germany. For pressing orders, China-Europe freight trains can get merchandise from Luyi to European prospects in as little as 20 days, about half the time required by conventional sea transport. DIAS’s annual output worth has topped 70 million yuan (about 10.3 million U.S. {dollars}), with international commerce contributing greater than 70 %.

Luyi at the moment has over 1,000 associated enterprise entities, an area supply-chain matching charge of greater than 95 % and annual manufacturing of 150 million units of high-end make-up brushes. Local corporations promote by way of commerce gala’s, bulk sea shipments, China-Europe freight trains and platforms together with Alibaba, Amazon and TikTok.

Xuchang adopted a unique route up the worth chain. Its benefit lies much less in industrial-park coverage than in supplies know-how, expert labor and the flexibility to show a centuries-old hair commerce into a contemporary export cluster.

For years, Xuchang’s hair-products trade had scale however restricted leverage. High-end hair fibers have been largely imported and plenty of native producers labored for international labels. The breakthrough got here as corporations led by Rebecca, the primary listed firm in China’s hair-products trade, developed multi-functional hair fibers and stuffed a home know-how hole in high-grade human-hair-like fibers.

“From relying on imports to mastering core materials, companies gained more pricing room,” mentioned Chen Yong, an administrative supervisor at Rebecca.

The benefit is just not solely in supplies. Xuchang has greater than 4,000 wig-related corporations, straight helps almost 300,000 jobs and produces nearly 3,000 styles of hair merchandise. In Rebecca’s workshops, a hand-woven wig can take greater than a day to finish, with some requiring over 10,000 stitches.

Such craftsmanship is a part of what makes the cluster laborious to duplicate, mentioned Tian Liangjun, vice chairman of Xuchang’s hair merchandise affiliation. “Control over raw materials, accumulated craftsmanship and technological catch-up have together given Xuchang a unique position in the global wig supply chain,” Tian defined.

The subsequent step is getting nearer to the customer. In Xuchang, livestreaming rooms and cross-border e-commerce bases have turn into a part of town’s export system, with wigs offered by way of AliExpress, Amazon and TikTok Shop. During the 2025 Black Friday, Rebecca’s cross-border e-commerce gross sales had reached 1.49 million U.S. {dollars}. Chen mentioned the channel now accounts for nearly 35 % of the corporate’s whole gross sales and will rise to roughly 50 % this yr.

The change can also be seen offline. Xuchang has arrange a hair-products choice heart often called the Xuchang Hair Expo City to serve international patrons, the place month-to-month turnover has risen from lower than 100,000 yuan in its early days to as a lot as 3 million yuan.

Ester, a purchaser from Tanzania, got here to Xuchang to supply wigs and mentioned town supplied human-hair and blended-hair merchandise in a variety of sizes and kinds. Sales workers now use AI translation instruments to speak with international prospects.

For Luyi and Xuchang, the subsequent stage isn’t just about export quantity. It is about the place income sit within the chain. The extra native corporations management supplies, manufacturers, supply and on-line storefronts, the much less they continue to be invisible suppliers behind abroad labels.

This shift is enjoying out not in considered one of China’s headline industries, however through merchandise most customers hardly ever take into consideration till they’re already in hand: a make-up brush, a wig or a field arriving from an inland metropolis few international customers might place on a map.

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PV Sindhu confirms semifinal spot at Australian Open

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PV Sindhu confirms semifinal spot at Australian Open

Sydney [Australia], June 12 (ANI): World quantity 10 PV Sindhu booked her place within the semifinals of the Australian Open at present underway on the Quaycentre in Sydney with a dominant victory over Chinese Taipei’s Chen Su Yu.

The ladies’s singles conflict between the 2 opponents lasted simply 27 minutes, and Sindhu managed each video games from the start to seal a 21-6, 21-9 victory. The outcome marks Sindhu’s second semifinal look of the season, having beforehand reached the final 4 on the Malaysia Open 2026, in line with a launch.

An attention-grabbing semifinal awaits Sindhu because the two-time Olympic medallist takes on prime seed and three-time world champion Akane Yamaguchi. The conflict would be the twenty ninth assembly between the 2, with Sindhu holding a 15-13 benefit of their head-to-head document. However, the Japanese have gained 4 of their final 5 encounters.

Yamaguchi superior to the semis with a 21-14, 21-14 victory over India’s Tanvi Sharma in 32 minutes. In males’s doubles, the Indian pair of Hariharan Amsakarunan and MR Arjun have been compelled to retire throughout the second sport towards opponents from Chinese Taipei.

Earlier, Sindhu defeated her Indian compatriot Isharani Baruah 22-20, 21-12 in 42 minutes. The two-time Olympic medallist was pushed laborious in a carefully contested opening sport, which she edged in a tie-break, earlier than taking full management of the second to seal her place within the final eight.

Meanwhile, 17-year-old Tanvi Sharma continued her spectacular marketing campaign with a commanding 21-13, 21-15 victory over senior compatriot Malvika Bansod in one other all-Indian conflict on Friday

The teenager produced a composed and assured show to safe her place within the quarter-finals, marking her second look within the final eight of a match this season and additional underlining her rising stature on the worldwide circuit.

The win propelled 17-year-old Tanvi Sharma into her second quarter-final of the 12 months. (ANI)

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Nikkei Surges Into 66,000 Range as Kioxia Becomes Japan

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Nikkei Surges Into 66,000 Range as Kioxia Becomes Japan

TOKYO –
Japanese shares rebounded sharply on June twelfth, with the Nikkei Stock Average closing again above the 66,000 degree for the primary time in per week as easing issues over tensions within the Middle East and a robust rally in U.S. know-how shares fueled broad shopping for of AI-related shares.

The Nikkei climbed as a lot as 2,800 factors throughout morning buying and selling, briefly recovering the 67,000 mark earlier than ending the day at 66,064.99, up 1,847 factors from the earlier session. The TOPIX additionally superior, closing at 3,881.96. Trading worth on the Prime Market reached 11.48 trillion yen, whereas 943 shares rose and 570 declined.

Leading the rally was reminiscence chipmaker Kioxia Holdings, whose market capitalization exceeded 44 trillion yen, permitting it to surpass Toyota Motor for the primary time as Japan’s Most worthy listed firm. At one level, Kioxia’s market worth briefly topped 45 trillion yen.

Market contributors described the event as symbolic of a shift in management inside Japanese equities, with AI and semiconductor-related corporations more and more driving market efficiency.

Kioxia shares rose 8.6%, whereas different semiconductor-related shares together with Advantest, Tokyo Electron, Ibiden, and Disco posted sturdy good points. Disco surged 13%, and Tokyo Electron climbed to a different file excessive.

Kioxia, which listed in December 2024, has seen a dramatic rise in valuation. At the time of its debut, its market capitalization was under 10 trillion yen. Since then, enthusiasm surrounding synthetic intelligence and reminiscence demand has propelled the corporate to the highest of Japan’s company rankings.

Despite the stock’s fast ascent, market analysts famous that Kioxia’s price-to-earnings ratio stays under 10, suggesting traders proceed to anticipate additional earnings progress. Several analysts have reportedly raised their goal costs above 100,000 yen per share.

The rally adopted a robust rebound in U.S. markets. Falling oil costs, which touched their lowest degree in two months as expectations grew for a discount in hostilities between the United States and Iran, helped enhance investor sentiment. Lower long-term rates of interest additionally supported threat belongings.

In the United States, semiconductor shares staged a strong restoration, with the Philadelphia Semiconductor Index rising practically 8%. Companies together with AMD, Intel, Micron, Qualcomm, and Applied Materials gained sharply. Micron jumped about 11%, aided by analyst upgrades and better worth targets.

While semiconductor shares dominated buying and selling, Toyota’s stock continued to wrestle. Although the automaker rose modestly for the primary time in three classes, its good points lagged the broader market.

Toyota’s price-to-book ratio not too long ago fell to round 0.81 instances, its lowest degree since November 2011, a interval marked by the aftermath of the Great East Japan Earthquake, extreme flooding in Thailand, and a traditionally sturdy yen. Some market observers argue the stock now seems deeply undervalued, however issues over Middle East instability, supply-chain disruptions, and uncertainty surrounding future earnings proceed to weigh on investor sentiment.

A June survey of market contributors discovered no respondents recommending an chubby place within the automotive sector, highlighting the distinction between enthusiasm for AI-related shares and warning towards conventional producers.

Space-related shares additionally attracted consideration. Shares of corporations concerned in satellite tv for pc improvement and area particles removing superior after the profitable launch of Japan’s H3 rocket by the Japan Aerospace Exploration Agency on June twelfth. Investor curiosity was additional boosted by expectations surrounding the upcoming public itemizing of SpaceX, which is predicted to turn into one of many largest preliminary public choices in historical past.

Despite the market’s sturdy restoration, traders stay targeted on developments involving Iran over the weekend. Analysts famous that earlier expectations of a breakthrough between Washington and Tehran have repeatedly did not materialize, making market contributors cautious about assuming a long-lasting decision.

Even so, the resurgence of AI-related shares as soon as once more proved to be the dominant power behind Japanese equities, with Kioxia rising because the clearest image of the market’s rising concentrate on synthetic intelligence and semiconductors.

Source: TBS

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Japan Moves To Tackle Potty Parity

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Japan Moves To Tackle Potty Parity

The Japanese authorities on June twelfth launched new tips calling for ladies’s bathrooms to have no less than as many fixtures as males’s bathrooms in public amenities, looking for to deal with the persistent drawback of lengthy queues at ladies’s restrooms in locations akin to practice stations and occasion venues. (News On Japan)

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Japanese scholar warns intelligence council act dangers ‘harmful path’

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Japanese scholar warns intelligence council act dangers ‘harmful path’

Members of the Diet, Japan’s parliament, deliberate a invoice to determine the nationwide intelligence council in a plenary session of the House of Councillors, Tokyo, Japan, May 27, 2026. /VCG

A Japanese scholar cautioned on Monday that the act to determine a nationwide intelligence council lacks enough justification and could possibly be used to develop intelligence surveillance and drive navy buildup, with far-reaching penalties for Japan’s future.

Speaking at a lecture on the act in Tokyo, Masakatsu Adachi, emeritus professor at Japan’s Kanto Gakuin University, expressed concern that the nationwide intelligence council might, sooner or later, function intently with our bodies such because the Japanese National Security Council, widening the scope of intelligence gathering.

He additional warned that such intelligence could possibly be used to justify new safety and navy insurance policies, lending a veneer of legitimacy to Japan’s navy growth and steering the nation down a harmful path.

Japanese Prime Minister Sanae Takaichi has used the declare that Japan faces “the most severe and complex security environment since the end of World War II” as a pretext to advance the event of a nationwide intelligence equipment, together with the nationwide intelligence council, Adachi stated, including that exaggerating threats posed by presumed adversaries to justify coverage initiatives has grow to be a recurring tactic of the Takaichi administration.

Adachi identified that present regional tensions are, to some extent, of Takaichi’s personal making, fueled by her faulty remarks and navy growth drive. Rather than reflecting on these actions, he stated, the federal government is exploiting the ensuing tensions to push harmful insurance policies additional, a transfer that would additional undermine regional stability.

The laws to determine a nationwide intelligence council, promoted by the Takaichi administration to centralize and strengthen Japan’s intelligence equipment, cleared each homes of the Diet, Japan’s parliament, in April and May this 12 months and has since been enacted.

The act has sparked widespread concern in Japan, with critics arguing that it fails to outline the scope and limits of presidency intelligence-gathering actions clearly and lacks efficient oversight mechanisms.

Source: CGTN

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China slams Japan’s monitoring of the Liaoning as ‘propaganda marketing campaign’

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China slams Japan’s monitoring of the Liaoning as ‘propaganda marketing campaign’

Chinese Defense Ministry spokesperson Zhang Xiaogang speaks at an everyday press convention in Beijing, China, June 9, 2026. /Chinese Defense Ministry

China says Japan’s try to play up a reliable coaching operation within the Western Pacific is doomed to fail.

“People see clearly that the Japanese side is playing up China’s legitimate operation to stoke tensions and mislead public opinion,” Chinese Defense Ministry spokesperson Zhang Xiaogang stated Tuesday. “This propaganda campaign will never succeed.”

Zhang’s remarks got here after Japan repeatedly tracked and monitored the Liaoning Carrier Task Group (CTG Liaoning) throughout current coaching within the Western Pacific. Japan’s Ministry of Defense has disclosed particulars together with the duty group’s vessel numbers, coaching location and sorties flown by ship-borne plane. Japanese Defense Minister Gen Nakatani stated Japan would proceed to carefully monitor the actions of the Chinese service activity group and keep on alert.

Zhang stated that CTG Liaoning is conducting deliberate coaching in Western Pacific waters, “not targeted at any specific country or entity” however “aimed at enhancing the combat capabilities of the CTG through far-seas training.” 

He added that the China responded to a number of Japanese surveillance operations in the course of the coaching in accordance with legal guidelines and laws.

Source: CGTN

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Fukushima wastewater discharge resumes after system alarm

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Fukushima wastewater discharge resumes after system alarm

File photograph of the Fukushima Daiichi Nuclear Power Plant. /CMG

Tokyo Electric Power Company (TEPCO) introduced on Thursday that it had resumed discharging wastewater from the Fukushima Daiichi Nuclear Power Plant after operations had been mechanically halted the day past on account of a system alarm.

The discharge was suspended a day earlier, when an irregular alarm was triggered throughout a wastewater switch operation.

TEPCO started the twentieth spherical of wastewater discharge on June 1. According to the corporate’s plan, the present spherical will proceed by way of June 19, throughout which roughly 7,800 tonnes of wastewater containing about 1.3 trillion becquerels of tritium can be discharged.

Source: CGTN

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Sensex soars over 900 factors, Nifty positive factors 271 on world optimism; Tax reforms gas FII curiosity

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Sensex soars over 900 factors, Nifty positive factors 271 on world optimism; Tax reforms gas FII curiosity

New Delhi [India], June 12 (ANI): Indian fairness markets staged a pointy restoration on Friday morning as world stock indices turned inexperienced, dusting off current geopolitical cues. The BSE SENSEX began at 74,742.65 factors, up by 910.10 factors or 1.23 per cent. Similarly, the NSE NIFTY 50 started at 23,432.70 factors, advancing 271.10 factors or 1.17 per cent

Ajay Bagga, Banking and Market knowledgeable, famous that overseas institutional investor (FII) debt flows into India are present process a significant structural transformation following the landmark June 5 coverage ordinance.

‘By utterly eliminating the 12.5% long-term capital positive factors tax and the 20% withholding tax on curiosity revenue for FII investments in authorities securities (G-Secs), New Delhi has successfully eradicated the only largest frictional drag on overseas bond returns.’

He added that world macro funds and energetic index trackers are already ramping up allocations, as India’s 10-year sovereign yield, now absolutely tax-exempt, stands out as probably the most profitable investment-grade debt devices on the earth.

‘Analysts venture this regulatory pivot may draw as much as USD 50 billion over the following two years, offering a significant cushion for the rupee and considerably reducing sovereign borrowing prices at a time when fairness outflows have been persistent,’ Bagga stated.

The home momentum follows constructive cues from the broader Asian panorama, the place GIFT NIFTY traded at 23,464.00, up 0.26 per cent, and the Nikkei 225 surged over 3 per cent to 66,230.00.

The Hang Seng moved up 2.05 per cent to 24,747.00, whereas the Taiwan Weighted rose 2.41 per cent to 44,187.41.

In the West, Wall Street rallied sharply in a single day with the Nasdaq gaining 2.5 per cent, supported by expertise and AI-related optimism. However, Bagga cautioned that ‘Underneath the broader fairness surge, deep-seated anxiousness over underlying structural inflation and central financial institution coverage pathing stays a heavy anchor for institutional asset allocators.’

Explaining the worldwide shifts, Bagga stated, ‘Geopolitical theatre took centre stage during the last 24 hours as a swift sequence of headlines sparked fast, algorithmic shifts throughout buying and selling desks. Volatility spiked after Donald Trump issued a fiery warning to Iran, solely to pivot hours later by claiming a sweeping, historic diplomatic deal was ‘imminent.’ Tehran shortly threw chilly water on the announcement, with Iranian officers issuing a agency denial that any such breakthrough had occurred.’

While the conflicting messages initially left overseas coverage analysts scrambling, Bagga talked about that ‘macro merchants handled the rapid-fire updates as an invite to unwind threat premiums, calculating that the mere point out of a possible deal reduces the fast likelihood of extreme vitality provide disruptions within the Middle East.’

At the time of submitting, commodity markets cooled, with Brent crude falling 1.48 per cent to USD 89.04 per barrel and crude oil slipping 1.42 per cent to USD 86.46 per barrel. Gold costs additionally eased barely by 0.22 per cent to USD 4,203.64.

Rajesh Palviya, Head of Research, Axis Direct additionally echoed the identical sentiments. He famous that the worldwide backdrop improved considerably in a single day after indications of a potential diplomatic decision between the US and Iran eased considerations over a broader battle.

‘This sparked a powerful rally throughout US markets, with positive factors led by expertise shares, whereas Asian markets are additionally buying and selling increased in response. More importantly for India, Brent crude has retreated sharply beneath the USD 90-per-barrel mark, decreasing inflationary considerations and bettering the outlook for threat property.’

Market consultants at the moment are observing technical resistance ranges intently to see if the positive factors will maintain. Shrikant Chouhan, Head of Equity Research at Kotak Securities, famous that after the prior session’s gap-down and restoration, profit-booking was seen earlier. He noticed that for day merchants, the 23,300 and 74,200 ranges act as fast resistance zones, above which the market may transfer increased. (ANI)

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