S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support.
Pakistan's ambassador to Russia, Muhammad Khalid Jamali, has warned that Pakistan will respond with "full spectrum of force", including nuclear, if it is attacked or its vital water flow is disrupted. The warning comes amid heightened tensions between Pakistan and India following a terrorist attack in Jammu and Kashmir. Jamali also reiterated Pakistan's stance on the Indus Water Treaty, saying any attempt to stop or divert water flow would be considered an act of war. He urged de-escalation, emphasizing the potential danger given both countries possess nuclear weapons. Jamali further called for a neutral investigation into the Kashmir attack, suggesting the involvement of China and Russia. He also highlighted the need to address the root causes of the conflict, pointing to the unresolved Kashmir issue and its potential for resentment.
The phone conversation came amid escalating tensions between India and Pakistan over the April 22 terror attack that killed 26 civilians.
TMC accepts Kalyan Banerjee's resignation and appoints new leaders, signaling a crackdown on dissent within the party.
From the Sensex constituents, Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan were among the biggest gainers. In contrast, Power Grid, Trent, NTPC, Maruti, HCL Tech and Bharat Electronics were among the laggards.
'New Delhi is not naive about its foreign policy choices.'
Pakistan hockey team won't be stopped from competing in Asia Cup next month, says Sports Ministry sources.
The opposition party reiterated the absolute essentiality of immediate diplomacy and dialogue with Iran.
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global market trends are also likely to influence sentiments, traders said.
Over the weekend, one senior US official told CNN, the Israelis had an opportunity to kill Iran's supreme leader.
Russian President Vladimir Putin on Monday assured Tehran of Moscow's support in de-escalating the Israel-Iran conflict hours after the United States strikes at Iranian nuclear sites at dawn on Sunday.
India's Permanent Representative to the UN Ambassador Parvathaneni Harish said that the Indian sub-continent offers a "stark contrast" in terms of progress, prosperity and development models.
Defence Minister Rajnath Singh, in his meeting with Chinese counterpart Dong Jun in Qingdao on June 26, proposed that India and China should solve the "complex issues" under a structured roadmap comprising steps to de-escalate tensions along the frontiers and rejuvenate the existing mechanism to demarcate the borders.
'I am worried that Pakistan will still feel compelled to take substantive military action beyond this apparent drone activity.' 'If so, the crisis could persist for a while more and dangerous days are still ahead.'
'No matter what Modi may boast about 'new India', the geopolitical reality is that India's stature diminishes when it needs a small country like Saudi Arabia under an autocratic ruler to help out with what is arguably one of the most critical templates of its diplomacy,' says Ambassador M K Bhadrakumar.
'I am pleased to announce the Governments of India and Pakistan have agreed to an immediate ceasefire and to start talks on a broad set of issues at a neutral site.'
Pakistani military targets at Rafiqui, Murid, Chaklala, Rahim Yar Khan, Sukkur and Chunian were engaged using air-launched precision weapons from Indian fighter jets and the retaliation largely focused on command and control centres, radar sites and weapon storage areas, Qureshi said.
Wednesday's joint protest march in Patna marked a significant moment, with Rahul Gandhi, the Leader of the Opposition in the Lok Sabha, and Tejashwi Yadav, the Leader of Opposition in the Bihar assembly, leading a unified demonstration -- perhaps a first in the state's recent political history.
India's Foreign Secretary Vikram Misri said on Thursday that the choice of de-escalation is with Pakistan, as India only responded to the April 22 Pahalgam terror attack, which killed 26 people. He added that Pakistan has been escalating the situation with cross-border terrorism against India for decades.
Trump, who has repeatedly said that he stopped the conflict between India and Pakistan through trade, last Friday said for the first time that "five jets were shot down" during the fighting.
'The Chinese are only about 160-170 km behind.' 'It will not take much time for them to bring their troops back, considering that they have better infrastructure -- and the weather is now favourable.' 'They can move in much faster as the terrain favours them.'
The SoP includes general principles, according to which, police responses must prioritise life safety, protection of rights, prevention of property damage, and de-escalation of potential conflicts.
Indian carriers are grappling with severe operational disruptions after Iran launched missile strikes on the US military base in Qatar late Monday. This led to airspace closures for long hours in parts of West Asia. Iran, Qatar, the UAE, Bahrain, and Kuwait shut down their skies following the attack, forcing airlines to cancel, divert, or delay flights through these vital corridors.
Saudi Arabia's Minister of State for Foreign Affairs Adel Aljubeir visited India on Thursday and held talks with External Affairs Minister S Jaishankar, focusing on de-escalating tensions between India and Pakistan. The visit comes as ties between India and Pakistan have further deteriorated following Indian military strikes on terror infrastructure in Pakistan. Iranian Foreign Minister Abbas Araghchi also arrived in New Delhi on a scheduled visit amidst the escalating tensions.
Pakistan Prime Minister Shehbaz Sharif has called on "brotherly" countries, including Saudi Arabia, to urge India to de-escalate tensions after the Pahalgam terror attack that killed 26 people. Sharif met with ambassadors from Saudi Arabia, the UAE, and Kuwait, reiterating Pakistan's commitment to peace in South Asia. He rejected India's accusations linking Pakistan to the attack, emphasizing Pakistan's own history as a victim of terrorism. The meeting comes amidst heightened tensions between the two countries.
World leaders, including the UN Secretary-General and US President Donald Trump, have urged India and Pakistan to exercise restraint and seek peaceful solutions to the ongoing tensions. The calls for calm come after India conducted airstrikes in Pakistan-occupied Kashmir in response to a recent terrorist attack. Leaders from the US, Russia, UK, China, UAE, Qatar, and Japan have expressed concern over the escalating situation and emphasized the need for dialogue and de-escalation.
In an interaction with PTI Videos in New Delhi, Iran's deputy chief of mission to India Mohammad Javad Hosseini also said Americans should "put pressure" and bring the other side back to the negotiating table.
Pakistan's Ministry of Economic Affairs X account was hacked and a fake appeal was posted, calling for more international loans to help defuse tensions with India following the Pahalgam terror attack. The post urged the international community to help de-escalate the situation and requested more loans to address "heavy losses" caused by the tensions. The hacking incident occurred during a crucial meeting of the IMF executive board to decide on the next installment of a USD 7 billion loan for Pakistan.
The post further read that "at a moment of heightened regional turbulence", President Trump "demonstrated great strategic foresight and stellar statesmanship through robust diplomatic engagement with both Islamabad and New Delhi," Dawn reported.
India on Thursday night swiftly foiled Pakistan's attempts to hit various key Indian installations including military stations at Jammu, Pathankot and Udhampur with drones and missiles, the defence ministry said.
Regarding the possibility of talks, the minister said he was not aware of any such potential engagements.
The United Nations Secretary-General, Antonio Guterres, has called for de-escalation between India and Pakistan, expressing deep concern over rising tensions following a terrorist attack in Jammu and Kashmir. Guterres reiterated his condemnation of the attack and urged both sides to avoid a confrontation, which he described as catastrophic. The Secretary-General has also offered his good offices to support de-escalation efforts. The President of the UN General Assembly, Philemon Yang, has also expressed concern over the escalating violence and called for a resolution through diplomatic means. Meanwhile, Pakistan has denied any involvement in the attack and reiterated its commitment to fighting terrorism.
United States President Donald Trump will host Pakistan Army chief Asim Munir for lunch at the White House on Wednesday.
Pakistan on Friday said that the X account of its ministry of economic affairs was hacked and an appeal was posted on it for more international loans to meet the 'heavy losses' caused by the current tensions with India.
"It is still not too late. India must speak clearly, act responsibly, and use every diplomatic channel available to defuse tensions and promote a return to dialogue in West Asia," Gandhi asserted.
Wing Commander Singh asserted that while all hostile actions have been effectively countered with proportionate responses, India has reiterated its commitment to de-escalation, conditional on reciprocal restraint from Pakistan.
Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.
India on Thursday said the issue of trade did not come up at all in talks between Indian and American leaders during its military clashes with Pakistan, virtually rejecting Washington's repeated claims that its offer of trade stopped the confrontation.
'India has been preparing for the last 15 days... it won't be easy for Pakistan if it tries to dominate escalation.'
With 12 league fixtures and four playoff matches remaining, the BCCI is expected to wait for de-escalation before evaluating any resumption window.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances