Describing India as an 'anchor of stability' in the region and an important partner, an influential United States Congressman has expressed confidence in the future of Indo-US strategic partnership.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
During the visit, the prime ministers will reaffirm the close friendship between the two countries, and discuss ways to further deepen bilateral cooperation.
A summary of sports events and persons who made news on Thursday
Tata Steel was the top loser in the Sensex pack, sinking over 5 per cent, followed by SBI, IndusInd Bank, Bajaj Finance, HDFC Bank and NTPC. NSE Nifty tanked 371 points to 16,614.20.
The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the government's earlier estimate of $65 a barrel for the year and $56.39 for FY18
Sensex heavyweight Reliance Industries fell 2.76 per cent. In percentage terms, major laggards were Yes Bank, Indusind Bank, RIL, ICICI Bank, HDFC and Axis Bank -- plunging as much as 6.62 per cent.
United States Secretary of State John Kerry will arrive in New Delhi on July 30 on a three-day visit during which he will hold talks with Indian leaders on a range of key bilateral, regional and global issues of mutual interest besides co-chairing the fifth India-US Strategic Dialogue.
'If our troops on the frontlines were sleeping for two hours, they can perhaps now sleep for 2.5 hours because when the adversary is right in front, then you can't even blink your eyes, you have to be absolutely alert.'
'Freedom of expression is not a freedom to abuse those who do not agree with you.' 'It is also about being liberated from prejudices and intolerance.' 'To me, freedom is the right to be who I am and what I am without hurting the same rights of others.'
The Bombay Stock Exchange (BSE) on Wednesday will launch a new index called 'BSE-GREENEX' measuring the performance of companies in terms of carbon emissions, an official of IIM, which co-developed the model, said.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Houston-based company is selling up to 50 per cent of its oil-sand reserves in Alberta. There are some producing assets and some exploration assets on offer.
Nearly two weeks after drone and missile attacks on its vital oil facilities, Saudi Arabia has said it is enhancing cooperation with India to combat terrorism, including choking funds to terror networks and exchange of information and intelligence.
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
'I consider myself to be a 50 year old with a 16-year-young mind, ready to conquer more continents,' Dr Shuvendu Sen tells Payal Singh Mohanka.
Modi is also scheduled to hold a bilateral meeting with Xi on Tuesday.
Do India's laws governing the Internet need revolutionary change, asks Ajit Balakrishnan.
Vodafone to invest 1.3-billion pounds in upgrading and expanding its network in India.
As an exercise, Ray is an effort worth encouraging. As a collaboration, it a hit and miss, notes Sukanya Verma.
Cairn India has drawn strength from its Scottish parent, but also built new systems and processes to support its role in the country's oil sector.
Trump's visit symbolised heightened partisanship and a return to chemistry between leaders defining bilateral ties, notes Kashish Parpiani.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
"In India's development cooperation, we will be guided by our partners' development priorities. Our assistance does not create indebtedness and is without conditionalities," he said at the 44th Annual Meeting of the G-77 Foreign Ministers on Thursday, in a veiled reference to China's loans which has led to debt-traps in some countries.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Chinese alumina refining and metal smelting technologies have emerged as a match for the best anywhere in the world. In fact, Vedanta and Hindalco have bought technologies from China. Our aluminium makers will be haunted by twin fears of rising imports and low metal prices squeezing margins over a long time.
Here is the full text of the joint statement issued by India and the US.
Pence, in response to a question from Chambers, who is also the USISPF chairman, said that he truly believes that the relationship between the US and India, because much of the work that the corporate sector have done, and the work of President Donald Trump and Prime Minister Narendra Modi, has never been stronger.
Whatever be India's course of action, it will have an impact on India-Iran ties, notes Aveek Sen.
Vedanta to file notice of claim in Cairn India tax case.
Pachauri has also been accused of stalking and criminally intimidating the victim with gesture or act intended to insult her modesty.
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India's hydroelectric power generation grew 17.5 per cent to 7.5 billion units in January this year from 6.4 billion units in the same month of 2012.
'The undiminished threat, therefore, has the potency of sustaining itself in multiple ways in the near and medium term.' 'The state agencies need to utilize innovative methods in countering radicalization and violent extremism to address this growing threat'.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
During the meeting on the sidelines of the 11th BRICS Summit on Wednesday, prime minister Modi said there was a "new direction and new energy" in bilateral ties after the two leaders' second informal summit in Chennai.
'Notwithstanding the physical distance, the two countries historically had a convergence of approach and outlook to many international issues.' 'The relationship between the two countries cannot develop or flourish in a vacuum. There should be initiatives at various levels -- at the level of government, Parliament and the people.'
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Cairn India said it has always been fully compliant with all Indian income tax laws.
China is going to be an indispensable partner in Russia's ongoing crisis with the US, while on its part, China cannot remain indifferent if Russia gets crushed by the US, lest it loses 'strategic depth', observes Ambassador M K Bhadrakumar.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
