Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy. The fear of less than optimal rainfall due to El Nino this year, analysts believe, is the biggest short-term risk for the markets, which they said has not been fully priced in yet by them. Monsoon set over Kerala on June 08, a week later than its scheduled date.
The prime minister, who is visiting the US at the invitation of President Biden and First Lady Jill Biden, will join them for the state banquet along with a number of dignitaries on Thursday.
In his opening remarks at a ministerial meeting in Tokyo of the Quadrilateral coalition, also known as 'Quad', External Affairs Minister S Jaishankar said India remained committed to a rules-based world order, respect for territorial integrity and sovereignty, and peaceful resolution of disputes.
Prime Minister Modi's visit saw India and the US signing several major deals to boost cooperation in key areas such as defence, space and trade.
'There are certain critical deficiencies like shortage of fighter squadrons and force multipliers which must be addressed on priority to retain our combat edge'
Leaders of India, Australia and the United States -- countries that make up the Quad with Japan -- expressed shock at the assassination of former Japanese Prime Minister Shinzo Abe, saying he played a 'formative role' in the founding of the partnership and worked tirelessly to advance a shared vision for a free and open strategically-important Indo-Pacific region.
Scientists had earlier said the cyclone pulled the moisture and convection, impacting the intensity of the monsoon and delaying its onset over Kerala.
This is Blinken's first visit to India after assuming charge as the US Secretary of State and the third by a high-ranking Biden administration official after it came to power in January.
'The future of BRICS is under stress as Chinese attempts to expand the platform are being resisted by India and Brazil.' 'Beijing is focused on a quick expansion with the aim of giving the platform a distinctly anti-Western orientation, which New Delhi and Brasilia seem to have no interest in,' notes Harsh V Pant.
Modi said India will continue its support to ASEAN for a rules-based security architecture for the region.
Mutual funds (MFs) are lining up distinguished new fund offerings (NFOs) for the next financial year to win over investors after a lukewarm response to product launches in the 2022-23 financial year (FY23). NFOs drew a lukewarm response in FY23 as launches were mostly in the passive debt space, which has a comparatively lower popularity among retail investors. The limited launches in equity space also failed to rake in huge sums due to subdued investor sentiments in a volatile market.
One looks upon the coming new year with foreboding as current wars in Ukraine and Gaza spill over and escalate and new ones erupt in incipient fault lines across the world, notes former foreign secretary Shyam Saran.
Prime Minister Modi also made a veiled reference to China, saying the global order is based on the respect for the principles of the UN Charter, peaceful resolution of disputes, and respect for sovereignty and territorial integrity.
According to the external affairs ministry, the prime minister will first visit Hiroshima in Japan from May 19 to 21 to participate in the annual summit of the G7 advanced economies under the Japanese Presidency.
Within days of announcing mega investments for building in Hyderabad its second data centre cluster in India, Amazon Web Services (AWS) on Monday said it is excited about the India market, where cloud adoption offers massive headroom for growth. Pledging its long-term commitment to the India market, AWS, Amazon's cloud computing unit, said it expects global uncertainties to accelerate the decisions by companies to opt for flexible, on-demand cloud infrastructure to pare costs, gain efficiencies and drive business innovation. "Cloud reacts well to uncertainty," Puneet Chandok, president - commercial business, AWS India and South Asia, Amazon Internet Services Pvt Ltd (AISPL) told PTI.
Blinken and Indian leaders on Wednesday will discuss a plethora of pressing issues such as the fluid situation in Afghanistan, regional security concerns, COVID-19 response and ways to boost Indo-Pacific engagement, people familiar with the agenda of talks said.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
"President Trump believes that Kim has an unprecedented opportunity to change the trajectory of our relationship and bring peace and prosperity to his country," Pompeo said.
The resolution condemns additional Chinese provocations, including China's use of military force to change the status quo along the Line of Actual Control, construction of villages in contested areas, publication of maps with Mandarin-language names for cities and features in the Indian state of Arunachal Pradesh, and expansion of Beijing's territorial claims in Bhutan.
US House Speaker Nancy Pelosi's plane landed in Taiwan amid a heightened security threat from China, media reports said on Tuesday.
This was their first conversation after Biden assumed office last month.
"China creeps towards hegemony in Asia, threatens India's borders, and treats other countries as junior partners, Indian-American Congressman Ro Khanna said.
Although the Malabar is a routine exercise which has been carried out for several years now, security experts attach a lot of traction to it in view of China's assertive behaviour in the South China Sea, observes Rup Narayan Das.
In New Delhi, Singh will continue US administration's ongoing consultations with India, and advance a range of issues in the US-India economic relationship and strategic partnership.
The Indian High Commissioner to the United Kingdom, Vikram Doraiswami, who was touring Scotland this week was blocked from entering a gurdwara in the capital Glasgow by pro-Khalistan extremists.
Weeks before Canada made an explosive allegation implicating Indian officials in the killing of Sikh separatist leader Hardeep Singh Nijjar, Canadian officials sought public condemnation of the murder from their allies, including the United States, but were met with reluctance, The Washington Post reported.
"President Biden has had warm and productive early conversations with his counterparts in Australia, India, and Japan, and looks forward to engaging even more directly with our partners in the Indo-Pacific as soon as possible," a senior administration official told PTI.
Prime Minister Narendra Modi will join several global leaders to pay tributes to Japan's slain former prime minister Shinzo Abe at his state funeral in Tokyo on Tuesday.
The US remained "watchful" over developments along India's frontier with China as it cannot take its eyes off the regional security issues, a senior American official said on Wednesday against the backdrop of the over 29-month border standoff in eastern Ladakh that has significantly frayed ties between the two neighbours.
Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone's 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company. Debt-ridden Vodafone Idea (VIL) has been unable to pay dues to Indus Towers and both VIL and promoter Vodafone have proposed a payment plan to clear the outstanding amount by July 15. In the meantime, VIL has committed to pay certain minimum amount each month to Indus Towers.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
Unlike Israeli company NSO, whose sale of Pegasus cyber tech grabbed worldwide attention, and other manufacturers of offensive-cyber products, Cellebrite operates in a grey area between security exports and civilian ones.
Prime Minister Narendra Modi along with his counterparts from Australia and Japan on Friday attended the first in-person meeting of Quad leaders hosted by US President Joe Biden during which they plan to discuss issues like climate change, Covid-19 pandemic and challenges in the Indo Pacific, amidst China's growing military presence in the strategic region.
The meeting between United States President Barack Obama and his Chinese counterpart Xi Jinping later this week will be dominated by talks on cyber security, North Korea and Asia Pacific region along with bilateral relations, White House officials have said.
With economic problems and job cuts, Hangzhou locals and people in other parts of China are not very pleased about hosting the Asian Games.
He said that "the state of the border will determine the state of the relationship, that's natural".
Pelosi said that she is in Taiwan to listen and learn from Taiwanese people as to how can they come together.
Describing India as an important member of the Quadrilateral Security Dialogue (the Quad) and a crucial partner for stability in the Indo-Pacific, the letter said that the lawmakers support the deepening strategic partnership between the two countries.
The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.
US President Joe Biden, who arrived in a surprise visit to Kyiv on Monday, reaffirmed America's unwavering commitment to Ukraine's democracy, sovereignty, and territorial integrity.
