The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
India has condemned the attack on the Cyprus-flagged container ship M/V GFS Galaxy in the Strait of Hormuz, which resulted in one Indian crew member going missing. The United States responded with a third round of retaliatory strikes against Iranian targets, further escalating tensions in the Gulf.
A question has been raised whether the Mecca Pact will have a negative impact on our doctrine that the Operation Sindoor has only been suspended and that it would be resumed if Pakistan engages in terrorism in the future. But the Mecca Pact only speaks of aggression, not defence against terrorism, points out Ambassador T P Sreenivasan.
Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian at the SCO summit, advocating for dialogue and diplomacy to resolve the West Asia conflict and expressing India's desire to expand and diversify trade with Iran. Pezeshkian, in turn, urged India to leverage its contacts to promote peace.
Iran's football coach, Amir Ghalenoei, has strongly criticised the United States for imposing travel restrictions on his team during the World Cup, claiming it unfairly hampered their preparation and performance.
The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.
India on Tuesday reiterated the call for free and safe navigation in international waters and the unhindered flow of commerce through international waterways in the region after the Panama-flagged commercial vessel MT El Gaia came under attack off the coast of Oman, with 13 of the 14 Indian nationals on board rescued while search operations are underway for one missing seafarer.
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
Indian stock market benchmark indices Sensex and Nifty recorded their second consecutive day of decline, with the Sensex dropping 555.23 points and the Nifty falling 144.05 points, primarily due to rising crude oil prices and ongoing US-Iran hostilities in West Asia.
Indian benchmark indices Sensex and Nifty opened higher, extending gains from the previous session, driven by a rally in global markets and a slight cooling in crude oil prices. Optimism around a potential meeting between US and Iranian presidents also contributed to positive sentiment.Later both indices pared gains and were trading in red. Track Sensex, Nifty on September 22.
Indian benchmark indices, Sensex and Nifty, closed higher, primarily driven by bank stocks and encouraging US inflation data, which fuelled expectations of a less aggressive Federal Reserve monetary policy. However, escalating US-Iran hostilities tempered investor sentiment, leading to some profit-taking.
Indian equity benchmark indices Sensex and Nifty plummeted over 2 per cent following US President Donald Trump's declaration that the interim agreement with Iran is 'over', which led to a sharp rally in crude oil prices and heightened geopolitical tensions.
'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'
Iran's bid for a first World Cup knockout stage appearance ended dramatically after Austria's late equaliser against Algeria denied them a spot. Despite remaining unbeaten, the team faced significant logistical challenges and travel restrictions due to their conflict with the U.S., which captain Mehdi Taremi described as a "disaster."
Prime Minister Narendra Modi held a telephonic conversation with Iranian President Masoud Pezeshkian, discussing recent developments in West Asia and reiterating India's emphasis on the importance of freedom of navigation in the Strait of Hormuz. Modi welcomed the recent peace understanding between the US and Iran, stressing dialogue and diplomacy for regional stability. India will also send representatives to the burial ceremonies of Iran's late Supreme Leader.
India's men's and women's table tennis teams both secured dominant 3-0 victories over Indonesia in their opening Group F matches at the Aichi-Nagoya Asian Games, showcasing a strong start to their campaigns.
On June 21, the United States and Iran started high-level talks at the Burgenstock luxury hotel in Switzerland, with mediation by Qatar and Pakistan, in an effort to build on a fragile ceasefire and launch a 60-day roadmap toward a broader agreement.
Iran's Football Federation will lodge an official protest with FIFA after the United States reportedly denied the national team's request to travel to Los Angeles two days before their FIFA World Cup 2026 Group G match against Belgium, citing geopolitical tensions and previous visa issues.
Indian swimmers, including Olympian Srihari Nataraj, faced a challenging day at the Asian Games in Tokyo, with most failing to advance beyond the heats. Nataraj finished 10th in the 50m backstroke final, while other Indian athletes also struggled in various events.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.
Indian benchmark indices Sensex and Nifty experienced a significant decline in early trade, driven by renewed tensions between the US and Iran and a subsequent spike in global crude oil prices, creating uncertainty in the market. Track Sensex, Nifty on July 8.
The Indian prime minister has been invited by President Pezeshkian to the burial ceremonies, the diplomatic sources said.
US and Iran officials have reportedly agreed to de-escalate tensions and ensure free passage through the Strait of Hormuz, with technical talks scheduled to continue. This development follows months of conflict, rising gas prices, and strained diplomatic relations, marked by recent retaliatory strikes and threats from both sides. Further discussions on Iran's nuclear program are set to take place in Qatar, highlighting ongoing diplomatic efforts despite recent volatility.
US President Donald Trump on Monday claimed that Iran had requested a meeting with the US after the recent military escalation between the two sides over the Strait of Hormuz and announced that talks with Tehran would take place in Doha, Qatar, on Tuesday, despite Iranian officials stating that no technical meetings have been scheduled this week.
Indian shooters Elavenil Valarivan and Parth Mane secured second place in the 10m air rifle mixed team qualification at the Asian Games 2026, positioning them for a medal contention. China set a new world record in the same event. Separately, Aadhya Tiwari faced a defeat in her opening soft tennis match but aims to recover in her next game.
Much will depend on how the protagonists use the current interlude to work proactively for the beginning of a durable settlement or, on the contrary, prepare for a new round of escalation, points out Ambassador M K Bhadrakumar.
Analysts predict that developments in the West Asia conflict, crude oil prices, and upcoming US inflation data will be the primary factors influencing the Indian stock market next week, alongside foreign investor activity and global market trends.
A first World Cup win for seven-times African champions Egypt, 92 years after their debut, put them in charge though Iran's dogged performances in draws with Belgium and New Zealand means victory could also see them top Group G.
Top leaders from the US, Iran, and Pakistan, along with other nations, have gathered in Switzerland for high-level talks aimed at restoring peace in West Asia. These negotiations follow a recently signed Memorandum of Understanding between the US and Iran, initiating a 60-day window for a deal. Discussions focus on Iran's nuclear programme and the fragile interim peace deal, amidst renewed tensions and the fluctuating status of the Strait of Hormuz.
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
Iran face an anxious wait to see if they will progress to the World Cup knockout stage after they came from behind to hold Egypt to a 1-1 draw.
Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.
The Indian women's table tennis team achieved a remarkable 3-2 comeback victory against Singapore in their Group F match at the Asian Games. After trailing 1-2, Sreeja Akula and Yashaswini Ghorpade secured crucial wins to clinch the tie. Both the men's and women's teams also started their campaigns with dominant 3-0 wins over Indonesia.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
Indian para archers, led by Paralympic champion Harvinder Singh, showcased a dominant performance at the World Archery Para Series in Ahmedabad. Four Indian archers each in the men's and women's recurve sections qualified directly for the pre-quarterfinals. Additionally, India secured top seedings in both men's and women's doubles events, with pairs advancing directly to the semifinals, and a strong third seeding in mixed doubles.
Iran on Tuesday said that the Islamic Republic has "no plans" to hold any meetings with the United States in the coming days at any level, even as diplomatic engagements continue separately in Doha on the related implementation of the 14-point memorandum of understanding (MoU) aimed at ending the hostilities in West Asia.
From four nations to a powerful 11-member bloc, here's how BRICS reshaped the global order in 27 years.
President Donald Trump has announced a promise to issue a USD 5,000 dividend to every adult US citizen if Republicans secure victory in both the House and the Senate in the upcoming midterm elections, citing the nation's economic success under his administration.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 20,974 crore from Indian equities in September, driven by global uncertainties, higher US interest rates and bond yields, elevated crude oil prices, and a weakening rupee.
