Pakistani troops continued unprovoked small arms firing in different sectors along the Line of Control (LoC) in Jammu and Kashmir for the 10th consecutive night, prompting effective retaliation by the Indian army. The ceasefire violations, which started after the April 22 terror attack in Pahalgam, were reported from eight places across five districts in the Union Territory during the intervening night of Saturday and Sunday. Indian Army responded promptly and proportionately to the unprovoked firing, a defence spokesperson said.
Pakistan's Foreign Minister Ishaq Dar has called for a 'composite dialogue' with India to address the contentious issues between the two sides.
From the Sensex shares, IndusInd Bank jumped 7.12 per cent. Axis Bank, Adani Ports, Asian Paints, Bharti Airtel, State Bank of India and ITC were also among the gainers. Maruti, Infosys, Tata Motors, Larsen & Toubro, NTPC and Bajaj Finance were among the laggards.
The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. Besides, the RBI has also imposed penalties on four co-operative banks. A penalty of Rs 1.05 crore has been imposed on Kotak Mahindra Bank for contravention of certain norms related to 'The Depositor Education and Awareness Fund Scheme, 2014' and for non-compliance with the directions on 'Customer Protection - Limiting Liability of Customers in Unauthorised Electronic Banking Transactions', and 'Loans and Advances - Statutory and Other Restrictions', the banking regulator said.
"I do not think they (World Bank) are in a position to interpret the treaty for us. It is a treaty between our two countries and our assessment of the treaty is that there is a provision of graded approach," External Affairs Ministry Spokesperson Arindam Bagchi said.
The government on Thursday told an all-party meeting that the Pahalgam attack was carried out to vitiate the atmosphere at a time when the economy of Jammu and Kashmir was on the upswing and tourism was booming. Briefing reporters after the meeting chaired by Defence Minister Rajnath Singh, Union minister Kiren Rijiju said all parties said they were with the government and against terror. The party leaders were briefed by Intelligence Bureau (IB) and Union Home Ministry officials on the steps being taken to prevent the recurrence of such incidents, Rijiju said. Home Minister Amit Shah, present in the meeting, interjected wherever required as officials briefed MPs, according to sources. At least 26 people, mostly tourists, were killed and scores injured when terrorists shot them in Pahalgam in Jammu and Kashmir on Tuesday.
Prime Minister Narendra Modi chaired a meeting with top defence officials, including Defence Minister Rajnath Singh, National Security Advisor Ajit Doval and the chiefs of three services, amid India weighing its countermeasures following the Pahalgam terror attack which left at least 26 civilians, mostly tourists, dead. Modi has vowed to pursue the terrorists behind the attack and their patrons, a clear reference to Pakistan, to the "ends of earth" and inflict harshest punishment on them.
Bharti Airtel, ICICI Bank, Eternal, Mahindra & Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance were also among the laggards.
'You can be sure that the Pakistanis knew when the Indian Air Force aircraft took off, which type these were, and what their likely targets were.' 'The question was: How would they determine that the IAF wanted to fire, and when to bounce them?', notes Shekhar Gupta.
In a first since the signing of the Indus Water Treaty between the two countries, three female officers will also be part of the Indian delegation, which will be advising the Indian Commissioner on various issues during the meeting, the official said.
From the 30-share pack, Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever were among the gainers. Among the laggards, Kotak Mahindra Bank tanked 4.57 per cent
With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
With rising credit demand, cleaner balance sheets, and renewed investor confidence, banks are positioned at the forefront of the market rally. From major players like ICICI and HDFC to broader policy shifts, there's much driving this momentum.
However, Tata Consultancy Services, Infosys, Tech Mahindra, UltraTech Cement, IndusInd Bank, Hindustan Unilever and ICICI Bank were the gainers.
The talks as part of the annual Permanent Indus Commission meeting are being held after a gap of over two years.
India briefed envoys of the US, UK, France, China, Russia, Germany and several other countries on the Pahalgam terror attack and its link to cross-border terrorism. Foreign Secretary Vikram Misri apprised the diplomats about various aspects of the dastardly terror attack on innocent civilians and India's firm policy of "zero tolerance" against terrorism. The briefing was held a day after India announced a raft of 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. The Cabinet Committee on Security headed by Prime Minister Narendra Modi firmed up the punitive measures against Pakistan in view of the cross-border links to the Pahalgam attack that killed 26 people. Diplomats of Oman, the United Arab Emirates, Qatar, Norway, Italy, Indonesia and Malaysia were also part of the briefing. Prime Minister Narendra Modi vowed to punish terrorists behind the strike and said India's spirit will never be broken by terrorism.
For the ninth consecutive night, Indian and Pakistani troops engaged in small arms fire along the Line of Control (LoC) in Jammu and Kashmir, continuing a pattern of heightened border tensions. The skirmishes, initiated by Pakistani troops in violation of the ceasefire agreement, have led to a tense situation along the LoC and International Border (IB). The incidents come in the wake of the April 22 terror attack in Pahalgam, which claimed the lives of 26 people, mostly tourists. Civilians residing near the border have begun preparing their bunkers, anticipating potential escalation. Despite a recent hotline conversation between the Directors General of Military Operations (DGMOs) of India and Pakistan, where India cautioned Pakistan, the ceasefire violations persist.
From the Sensex pack, NTPC, Tech Mahindra, Zomato, Axis Bank, Bajaj Finance, Infosys, Maruti, State Bank of India, Kotak Mahindra Bank, Reliance Industries, Hindustan Unilever, and HDFC Bank were the losers. IndusInd Bank, HCL Tech, Titan, Mahindra & Mahindra and Power Grid were the gainers.
Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the gainers. Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the laggards.
From the Sensex pack, IndusInd Bank dropped over 3.50 per cent, followed by Mahindra & Mahindra which declined more than 2 per cent. HCL Tech, Maruti, Infosys, Zomato, Power Grid, Adani Ports, Tata Consultancy Services and UltraTech Cement were also among the laggards. Kotak Mahindra Bank, Hindustan Unilever, ICICI Bank, Tata Motors, Nestle and Bharti Airtel were among the gainers.
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.
In a post on X, the additional directorate general of public information posted: "Pakistan again violates the Ceasefire Agreement by firing artillery in Bhimber Gali in the Poonch-Rajouri area. Indian Army is responding appropriately in a calibrated manner."
Prime Minister Narendra Modi on Thursday said India will identify, track and punish every terrorist and their backers who were responsible for the attack in Pahalgam "beyond their imagination". Addressing a public gathering in Madhubani, Modi said, "Today, from the soil of Bihar, I say to the whole world that India will identify, track and punish every terrorist and their backers. We will pursue them to the ends of the earth." He added that India's spirit will never be broken by terrorism and that terrorism will not go unpunished. Modi also assured that every effort will be made to ensure that justice is served, saying that the entire nation stands firm in this resolve. He thanked the people of various countries and the leaders who have stood with India in these times. Earlier, Modi and a large crowd gathered for a National Panchayati Raj Day programme observed silence for a few moments to pay homage to the victims of the terror attack in Pahalgam. Bihar Chief Minister Nitish Kumar condemned the terror attack and told the prime minister that the entire nation was united against terrorism.
From the Sensex pack, UltraTech Cement, Infosys, Bajaj Finserv, Axis Bank, HDFC Bank, Bharti Airtel, HCL Tech and Tata Consultancy Services were the biggest gainers. Zomato tanked nearly 6 per cent followed by IndusInd Bank which declined about 5 per cent. Adani Ports, Mahindra & Mahindra, Reliance Industries and Sun Pharma were also among the laggards.
From the Sensex firms, Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were the major gainers. Sun Pharma, however, tanked over 5 per cent.
The UN Security Council will hold closed consultations on Monday on the situation between India and Pakistan after Islamabad sought an emergency meeting on the issue. Pakistan, which currently sits as a non-permanent member of the council, requested the meeting in light of rising tensions between the two countries following a terror attack in India. The meeting comes after India's foreign minister spoke with all council members except China and Pakistan, emphasizing the need to bring perpetrators of the attack to justice. The Pakistani envoy has argued that the situation in Jammu and Kashmir poses a threat to regional and international peace and security, justifying the need for a council discussion.
From the Sensex pack, NTPC, Kotak Mahindra Bank, State Bank of India, Tech Mahindra, Power Grid, Bajaj Finserv, Axis Bank, HCL Tech, Reliance Industries and Bajaj Finance were the biggest gainers. Titan, IndusInd Bank, Zomato, Mahindra & Mahindra, Bharti Airtel, Nestle and Infosys were the laggards.
Pakistan has banned Indian-flagged ships from entering its ports with immediate effect after India imposed fresh punitive measures, including a ban on the import of goods and entry of Pakistani vessels into its ports, against Islamabad amid heightened tensions following the Pahalgam terror attack. The move comes after India announced a raft of punitive measures against Pakistan, including the suspension of the Indus Waters Treaty, shutting down of the only operational land border crossing at Attari, and downgrading of diplomatic ties following the terror attack. The Pakistan Army has also conducted a successful training launch of the Abdali Weapon System, a surface-to-surface missile with a range of 450 km, saying it was aimed at ensuring the operational readiness of troops and validating key technical parameters. India considers the test launch of the ballistic missile a "blatant" act of "provocation."
Reddy alleged that contracts worth thousands of crores were awarded to people close to Modi, who then purchased Rafale aircraft.
IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm. The petition, to initiate insolvency proceedings against ZEEL, has been filed under section 7 of the Insolvency & Bankruptcy Code (IBC).
Pakistan's troops have engaged in unprovoked firing along the Line of Control (LoC) and International Border (IB) in five districts of Jammu and Kashmir, prompting retaliation from the Indian Army. This marks the eighth consecutive night of such incidents, following heightened tensions stemming from a recent terror attack in Pahalgam. Civilians residing along the LoC and IB are preparing their bunkers in anticipation of potential escalation.
Following the deadly Pahalgam attack, Michael Rubin, a former Pentagon official and senior fellow at the American Enterprise Institute, issued a strong statement and said that 'it is now the duty of India to do to Pakistan and to Pakistan's Inter-Services Intelligence (ISI) what Israel did to Hamas', calling for decisive action against Pakistan's intelligence agency for its alleged role in supporting terrorism.
'Pakistan is economically very weak and will not be able to sustain a war for long.'
In the India-Pakistan situations, off-ramps have come either through foreign mediation (after months of kinetic warfare over Kargil, and a long stand-off with Op Parakram) or when a situation made it possible for both sides to claim a win, explains Shekhar Gupta.
The announcement on expansion of CPEC was made following a meeting among Chinese Foreign Minister Wang Yi, his Pakistani counterpart Ishaq Dar and Afghanistan's Acting Foreign Minister Amir Khan Muttaqi in Beijing, according to a Pakistani readout.
UN Secretary-General Antnio Guterres expressed concern over the heightened tensions between India and Pakistan, calling for maximum restraint and urging both countries to step back from the brink. Guterres offered his "good offices" to both governments in the service of peace and condemned the recent terror attack in Pahalgam, emphasizing the need to bring those responsible to justice. He also stressed that a military confrontation would be detrimental and could easily spin out of control. His remarks came hours before a closed consultation of the UN Security Council on the matter, requested by Pakistan. The UN Secretary-General highlighted the need for de-escalation, diplomacy, and a renewed commitment to peace.
All the BSE sectoral indices closed in the green. BSE Realty, Auto, Capital Goods and Industrials were lead gainers, jumping up to 5 per cent. IndusInd Bank was the lead gainer among Sensex shares, surging by 6.84 per cent. Tata Motors rallied 4.50 per cent. Larsen & Toubro, Axis Bank, Adani Ports, HDFC Bank, ICICI Bank and HCL Tech were also among the gainers. ITC and Hindustan Unilever were the only laggards.
Defence Minister Rajnath Singh on Sunday said it is his responsibility to work with the armed forces and give a "befitting reply" to those who cast an evil eye on India, his remarks coming in the backdrop of the recent Pahalgam terror attack. Singh's assertion came as India is mulling retaliatory measures against Pakistan in view of the cross-border linkages to the April 22 Pahalgam terror attack that has killed 26 people, mostly tourists. He said, "As the defence minister, it is my responsibility to work with my soldiers and ensure the protection of the country's borders. And it is my responsibility to give a befitting reply, by working with the armed forces, to those who cast an evil eye on our country."
'The fight against terrorism will continue. We have set a new normal and the new normal is that we will follow an offensive strategy. Wherever terrorists are, we have to kill those terrorists and we have to destroy their infrastructure. So it is still not over but as we speak the ceasefire is still intact'
