IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
India's measures announced against Pakistan on April 23 will remain effective, the sources said.
Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar has warned India of a strong response, saying Pakistan will respond to a "brick with a stone" if India takes any action against Pakistan, amid heightened tensions following the April 22 terror attack in Jammu and Kashmir's Pahalgam. Dar alleged that India might have staged the Pahalgam attack to abolish the Indus Waters Treaty (IWT) and warned that any attempt by India to interfere with the treaty would be considered an act of war. He also said that Pakistan had no involvement in the Pahalgam incident and is getting support from countries like Saudi Arabia, China, the United Arab Emirates, the United Kingdom, Kuwait, Bahrain, and Hungary.
Union Home Minister Amit Shah said on Sunday that indigenously developed BrahMos missiles destroyed Pakistani air bases while its air defence system, borrowed from China, remained unused, during Operation Sindoor, which exposed its lies on terrorism to the world.
The exchange of fire occurred even though the directors general of military operations of India and Pakistan spoke over the hotline on Tuesday amid rising tensions between the two countries over the Pahalgam terror attack on April 22.
India has warned Pakistan against its unprovoked firings along the Line of Control (LoC) in Jammu and Kashmir as the directors general of military operations of the two armies spoke on the hotline amid the escalating tensions over the Pahalgam terror attack.
Tensions between India and Pakistan are escalating following last week's dastardly terror attack in Pahalgam that claimed 26 lives.
Among Sensex firms, Bajaj Finserv, Tata Steel, Sun Pharma, Tech Mahindra, Bajaj Finance, NTPC, Nestle, Tata Motors, Hindustan Unilever and Mahindra & Mahindra were the biggest gainers. IndusInd Bank, Kotak Mahindra Bank, Power Grid and ITC were among the laggards.
Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers.
Benchmark stock indices Sensex and Nifty rebounded on Thursday after two days of decline, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02.
The Indian government has revoked 14 categories of visas for Pakistani nationals, including business, conference, visitor, and pilgrim visas, following the terror attack in Pahalgam, Jammu and Kashmir. The decision was made after a Cabinet Committee on Security meeting, and the Home Minister has instructed state governments to ensure that all Pakistani nationals leave India by the set deadlines. The order does not apply to Long Term Visas (LTVs) and diplomatic and official visas issued to Pakistani nationals.
India has suspended the Indus Waters Treaty with Pakistan, citing sustained cross-border terrorism and security concerns. The treaty, brokered by the World Bank in 1960, governs the distribution and use of the Indus river and its tributaries between the two countries. India's decision follows a recent terror attack in Jammu and Kashmir, and has been met with strong condemnation from Pakistan.
UN Secretary-General Antonio Guterres has called for maximum restraint between India and Pakistan following a deadly terror attack in Jammu and Kashmir. Guterres' spokesperson, Stephane Dujarric, said that the UN chief is following the situation "very closely and with very great concern." Dujarric also stated that any issues between the two countries "can and should be resolved peacefully, through meaningful, mutual engagement." India has downgraded diplomatic ties with Pakistan and announced a raft of measures, including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post in view of the cross-border links to the terror attack.
The Bharatiya Janata Party on Wednesday slammed Rahul Gandhi for his 'surrender' barb at Prime Minister Narendra Modi, saying it is not only a grave insult to the armed forces and country but also no less than treason.
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.
Pakistan troops have violated the ceasefire agreement for the 11th consecutive night, firing on Indian posts along the Line of Control (LoC) in Jammu and Kashmir. The firing began in Kupwara and Baramulla districts and spread to other sectors, including Poonch, Rajouri, Mendhar, Naushera, Sunderbani, and Akhnoor. The Indian Army responded promptly and proportionately. The ceasefire violation comes despite a recent phone call between the Directors General of Military Operations (DGMOs) of India and Pakistan on April 29. This marks the latest escalation of tensions between the two countries, following a terror attack in Pahalgam in April.
The visuals show the BrahMos anti-ship and anti-surface cruise missiles being launched from a fleet of warships, including Kolkata-class destroyers and Nilgiri and Krivak-class frigates, reaffirming the Navys operational prowess.
The phone conversation came amid escalating tensions between India and Pakistan over the April 22 terror attack that killed 26 civilians.
From the Sensex pack, ITC, Hindustan Unilever, Mahindra & Mahindra, HDFC Bank, Eternal, Kotak Mahindra Bank, State Bank of India and ICICI Bank were the major gainers. IndusInd Bank, Power Grid, Bharti Airtel, Infosys, and Bajaj Finserv were among the laggards.
India briefed envoys of around 45 nations on the Pahalgam terror attack and its link to cross-border terrorism. The envoys were briefed in two batches by senior officials of the Ministry of External Affairs (MEA). India also announced punitive measures against Pakistan, including expulsion of Pakistani military attaches, suspension of the Indus Water Treaty of 1960 and immediate shutting down of the Attari land-transit post. Pakistan responded by shutting its airspace to all Indian airlines and suspending trade with New Delhi.
Puri said Pakistan was a country in "terminal decline" periodically using terrorism as an instrument of state policy.
India needs to be technologically and militarily prepared to defend itself from both Pakistan and China, alerts Ramesh Menon.
From the Sensex firms, Infosys declined by 3.54 per cent. Power Grid, Eternal, HCL Tech, Tata Consultancy Services, Bharti Airtel, IndusInd Bank, NTPC and HDFC Bank were the major laggards. Sun Pharma, Adani Ports, Bajaj Finance, State Bank of India and Tech Mahindra were the gainers.
As tensions escalated between India and Pakistan following the deadly Pahalgam terror attack, Iran reached out to both countries, urging de-escalation. Saudi Arabia also expressed concern, with its foreign minister engaging in phone conversations with his Indian and Pakistani counterparts. Iran's foreign minister, Seyed Abbas Araghchi, emphasized the importance of bilateral relations, stating Tehran's willingness to "forge greater understanding" at this critical time. Saudi Arabia's foreign minister, Faisal bin Farhan Al Saud, spoke with both India's External Affairs Minister S Jaishankar and Pakistan's Foreign Minister Mohammad Ishaq Dar. Amidst heightened tensions, India has taken a series of punitive measures against Pakistan, including suspending the Indus Waters Treaty and downgrading diplomatic ties. Pakistan responded by shutting its airspace to Indian airliners and suspending all trade. Both countries exchanged warnings, with Pakistan emphasizing its commitment to "respond firmly to any aggression."
Regarding the possibility of talks, the minister said he was not aware of any such potential engagements.
The United States on Thursday said it supports India's right to defend itself and its fight against terrorism as US Defence Secretary Pete Hegseth dialled Defence Minister Rajnath Singh amid rising tensions between India and Pakistan over the Pahalgam terror attack.
Terrorism and insurgency in J&K had subsided when India demolished East Pakistan -- for the simple reason that Pakistan understands power. We need to follow Chanakya's dictum of Saam, Daam, Dand, Bhed for strategising against Pakistan, asserts Lieutenant General Prakash Katoch (Retd). The ground truth is that unless we are prepared to acknowledge our shortcomings, including massive intelligence failures, punish those responsible and take corrective actions, we will continue in the same vein, asserts Lieutenant General Prakash Katoch (Retd).
HCL Tech, Adani Ports, Eternal, Maruti, Reliance Industries and Asian Paints were among the gainers. HDFC Bank, ICICI Bank, Bharti Airtel and Infosys added to the rally. IndusInd Bank emerged as the only laggard.
From the Sensex firms, Tech Mahindra, Tata Steel, Tata Motors, Titan, HDFC Bank, IndusInd Bank, Infosys and Kotak Mahindra Bank were among the biggest laggards. On the other hand, Adani Ports, Mahindra & Mahindra, Power Grid, Eternal and Hindustan Unilever were among the gainers.
India's Air Chief Marshal A P Singh met Prime Minister Narendra Modi on Sunday to discuss the security situation arising from escalating tensions with Pakistan. The meeting comes after a similar briefing by the Navy Chief on the situation in the Arabian Sea. This follows a deadly terror attack in Pahalgam, which India has blamed on Pakistan. India has taken several retaliatory measures, including suspending the Indus Waters Treaty and banning imports from Pakistan.
The US has issued a 'Do Not Travel' advisory for Jammu and Kashmir citing potential for terrorist attacks and violent civil unrest. The advisory, issued on Wednesday, comes a day after a deadly terror attack in Pahalgam that killed 26 people, mostly tourists. The advisory also warns against traveling within 10 kilometers of the India-Pakistan border.
Main imports from the neighbouring country during April-January 2024-25 included fruits and nuts (USD 0.08 million), certain oil seeds and medicinal plants (USD 0.26 million), and organic chemicals.
The Pakistan Army has vowed to respond to Indian air strikes that targeted locations in Pakistan-occupied Kashmir and Punjab. The strikes were carried out from within Indian airspace, according to the army spokesman, who said that Pakistan will respond at a time and place of its choosing. The army is currently assessing the damage caused by the strikes.
Pakistan has offered to join any neutral and transparent probe into the Pahalgam terrorist attack that killed 26 people. Prime Minister Shehbaz Sharif also warned India against any attempt to stop, reduce or divert the flow of water belonging to Pakistan, saying any such action would be responded to with full force and might. Sharif said Pakistan has always condemned terrorism in all its forms and manifestations and has endured immense loss of over 90,000 casualties and economic losses exceeding USD 600 billion. He also reiterated Pakistan's support for the right of self-determination of the Kashmiri people.
From the Sensex firms, Reliance Industries, Tech Mahindra, Eternal, HCL Tech, Infosys, IndusInd Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers. In contrast, UltraTech Cement, Sun Pharma, Power Grid, NTPC, Kotak Mahindra Bank and Mahindra & Mahindra were among the laggards.
Bhutto, who served as the Foreign Minister earlier, addressed a briefing at the UN Headquarters in New York and sought reconciliation with India, making a plea for talks and Intel sharing between the two neighbours.
'Diplomatic and economic responses are first announced and then implemented. A military response is announced only after it is done.'
India has called Pakistan's nuclear bluff with Operation Sindoor and sent a psychological message to state-sponsored terrorists: nobody is untouchable and no place in Pakistan is safe for you, government sources said on Sunday.
Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday's intra-day trade after a sharp correction in the equity markets.
Abdul Waheed was brought from Srinagar by the Jammu and Kashmir police for his repatriation to Pakistan.
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