What appeared to be a generous act of friendship was, in truth, a manoeuvre within a much larger strategic game. The United States used the 1962 war not just to aid India but to test how far it could be pulled into the Western fold, points out Dr Kumar.
Prime Minister Narendra Modi asserted on Tuesday that India's water will no longer flow outside the country but will be utilized in the nation's interest, a statement seemingly directed at Pakistan following his government's decision to put the Indus Waters Treaty in abeyance after the Pahalgam terror attack. Addressing the ABP Network's 'India@2047' Summit, Modi emphasized his government's focus on interlinking rivers, noting that water used to be a source of conflict among states, before alluding to India's stance against Pakistan while discussing water. He highlighted the finalization of the India-UK free trade agreement as a historic milestone and underscored the importance of prioritizing national interest for achieving objectives and realizing the country's potential. Modi highlighted the country's growth and development under his government's rule, emphasizing its focus on welfare schemes and digitalization. He reiterated his government's commitment to 'Nation First' and pointed to the recent reforms undertaken, including the new Waqf law and the ban on triple talaq, which he said were aimed at benefiting the marginalized sections of society.
A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank's share price on Friday (October 25). Contingency provisions are generally made when a lender expects more bad loans in the coming quarters. Shares of the bank on Tuesday (October 29) declined 1.53 per cent to settle at Rs 1,038.2 apiece on the BSE.
Private sector banks slipped in market capitalisation (mcap) during the July-September quarter, underperforming their government-owned peers as trade uncertainties dragged market sentiment, said S&P Global Market Intelligence. According to its analysis, HDFC Bank shed 4.8 per cent in mcap during the third quarter, while ICICI Bank's dropped 6.7 per cent.
'Archaeological sites like Keeladi, having remained buried for 2,500 years, have come out and speak now.'
Dar recalled that when he met US Secretary of State Marco Rubio in July and asked about dialogue with India, the top US diplomat clarified that India has maintained it is a "bilateral issue."
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges".
India has issued a strong warning to Pakistan against continuing its 'hateful' rhetoric and any potential misadventures, following recent nuclear threats and remarks from Pakistani leadership.
Floodwaters from the Ravi River have inundated the Kartarpur Corridor in Pakistan, including Gurdwara Darbar Sahib, stranding over 100 people. Rescue operations are underway as thousands are evacuated from flooded areas.
'At Keeladi, we have not come across any evidence for organised religion.'
'What must the Indian Air Force pilots -- who destroyed terror bases in Pakistan using BrahMos missiles' -- be thinking?'
India rejects this so-called "supplemental award", the ministry of external affairs said, referring to the ruling in the case related to Pakistan's objections to Kishenganga and Ratle hydropower projects.
British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). Meanwhile, Bharti Airtel has increased its stake by acquiring 2.69 crore shares, representing a 1 per cent stake, in Indus Towers. The shares were acquired by Airtel at an average price of Rs 320 apiece, taking the transaction value to Rs 862.38 crore, as per the bulk deal data.
CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.
'China could intentionally release excess water.' 'The North East is already flood-prone during the monsoon, and even a controlled release from Chinese dams (during the monsoon) could worsen flooding.'
Lieutenant Governor Manoj Sinha asserts that the Indus Waters Treaty was a 'historic mistake' and its termination will greatly benefit Jammu and Kashmir by allowing it to harness its hydropower potential.
From the 30 Sensex pack, IndusInd Bank plunged over 18.50 per cent after the firm reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down by concerns over its asset quality. Mahindra & Mahindra, Larsen & Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards.
Pakistan has reiterated its desire for normal neighbourly relations with India, while also criticizing India's decision to put the Indus Waters Treaty in abeyance. The Foreign Office spokesperson emphasized Pakistan's commitment to diplomacy and regional cooperation.
Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said.
ICICI Bank has reversed its decision to raise the minimum monthly average balance (MAB) for new savings accounts in metro and urban locations to Rs 50,000, revising it instead to Rs 15,000, effective August 1. The MAB for new savings accounts in semi-urban locations has been revised from Rs 25,000 to Rs 7,500, and for rural locations from Rs 10,000 to Rs 2,500.
'Militarily, it risks escalating tensions with Pakistan, potentially triggering conflict due to Pakistan's heavy reliance on the Indus.'
'Engaging with Pakistan at this stage sends out a message that undermines the sentiments of the people of India who stand firmly against any compromise on national security.'
The National Democratic Alliance's vice presidential candidate C P Radhakrishnan was felicitated at a meeting of the ruling bloc's MPs in the presence of Prime Minister Narendra Modi and other Union ministers. He is expected to file his nomination soon.
India on Monday extended the closure of its airspace for flights operated by Pakistan airlines by another month till July 24.
The MiG-21 episode demonstrates that procurement is always strategic.
Choices about what aircraft to acquire, who builds them, who supplies the spares, who trains the pilots and technicians are decisions with political consequences lasting for decades.
External Affairs Minister S Jaishankar clarified that there was no third-party intervention in the ceasefire with Pakistan during Operation Sindoor. He asserted that halting the operation was not linked to trade and refuted claims of mediation by US President Donald Trump.
Pakistan may face a significant water shortage during the Kharif season due to reduced water supplies from India.
Modi said India has now established a "new normal" of not differentiating between terrorists and those who nurture terrorism as they are both enemies of humanity.
He clarified that though China has not announced any such move, but even if it happens, it would in fact help mitigate the annual Assam floods.
He conveyed this during a telephonic conversation with US Secretary of State Marco Rubio, according to a statement posted by the state-run Pakistan Television on X.
'China has thus far been cautious, emphasising its focus on development rather than weaponising water resources.'
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.
Many buyers skip or misread critical provisions in builder-buyer agreements.
The invitation cards for the 79th Independence Day celebration also carry the Operation Sindoor logo, and the water mark of Chenab bridge to exemplify the rise of 'Naya Bharat'. Floral decorations at the venue will also be based on 'Operation Sindoor'.
The announcements were made after a meeting chaired by Prime Minister Shehbaz Sharif to formulate the country's response to India's move to suspend the Indus Water Treaty and downgrade diplomatic ties after the Pahalgam terror attack.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple's App Store. The Indus Appstore is PhonePe's attempt at creating a more competitive and localised mobile app store economy for India, which is already the world's largest market for mobile apps.
'There is responsibility to make great games that are played by audiences, that fill the gap from an entertainment perspective.'
Pakistan's Foreign Office spokesperson Shafqat Ali Khan said on Friday that the ceasefire with India was holding and the country is committed to it. He also said that Pakistan is committed to making the ceasefire hold and de-escalation succeed, and then engagement to lead to stability and resolution of issues. Khan said that the two militaries have a channel of communication through the Directors General of Military Operations, through which they are working for de-escalation, in terms of the movement of troops. He added that Pakistan remains committed to the ceasefire announced on May 10 and lately, both sides have taken steps for de-escalation and return of stability.
'Operation Sindoor had three objectives.' 'One, destroy the Lashkar-e-Taiba headquarters at Muridke and the Jaish-e-Mohammed headquarters at Bahawalpur.' 'Second, deter and defend any counterstrike by Pakistan.' 'And third, if they persist, demonstrably deliver counterforce punishment.' 'All of the three boxes, the IAF checked,' points out Shekhar Gupta.
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