S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support.
India has accused Pakistan of violating the spirit of the Indus Waters Treaty by engaging in acts of terrorism and refusing to modify the treaty. India's Permanent Representative to the UN, Ambassador Parvathaneni Harish, addressed the UN Security Council, highlighting Pakistan's disinformation regarding the treaty and its continued support for cross-border terrorism. He stated that India has always acted responsibly as an upper riparian state and that Pakistan's actions have jeopardized civilian lives, religious harmony, and economic prosperity. India has suspended the treaty until Pakistan ends its support for terrorism.
The Pakistan Cricket Board (PCB) has confirmed that the Pakistan Super League (PSL) will continue as scheduled despite escalating tensions with India.
Even Prime Minister Narendra Modi told US Vice President JD Vance on May 9 that Indian response will be "more forceful, stronger, devastating" in response to Pakistani actions, the sources said.
Chief of Defence Staff General Anil Chauhan emphasized the need for constant high military preparedness, citing Operation Sindoor as an ongoing example. He also highlighted the importance of 'information warriors, technology warriors and scholar warriors' in future warfare.
Doval briefed his counterparts in the United States, United Kingdom, Saudi Arabia and Japan about India's missile strikes against terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir. He also established contact with Russia and France, officials said.
He also reviewed the joint actions undertaken in coordination with the Indian Air Force and the Border Security Force, they said.
Arathy, daughter of N Ramachandran who was killed in a terror attack in Kashmir's Pahalgam, welcomed the Indian Army's "Operation Sindoor" and said it was a reply from the women of India. She said the loss cannot be compensated, but the operation is a kind of relief from the government and the army. Arathy's father was killed by terrorists in front of her while holidaying in Kashmir's Pahalgam on April 22.
'Indian Army officers always lead their men into battle or combat. Pakistani officers are seldom seen at the front.'
Terrorism is a global menace to be addressed by humanity in unison was the all-party delegation's message to Algeria as it concluded its visit to the North African country on Sunday.
From the Sensex firms, Eternal, Mahindra & Mahindra, Maruti, Bajaj Finance, Tata Steel, Bharti Airtel, Bajaj Finserv, Asian Paints, Power Grid and State Bank of India were among the laggards. Kotak Mahindra Bank, Axis Bank, Titan, HCL Tech, Tata Motors, Infosys and Tata Consultancy Services were the gainers.
India on Sunday said it inflicted tremendous losses to the Pakistan military, including downing its fighter jets featuring latest technologies and damaging key military installations close to even capital Islamabad, during the three-day confrontation between the two sides.
It is time we buried the mantra of 'peaceful and stable Pakistan is in our interest'. It is not, simply because Pakistan's existence -- that is synonymous with its army -- means peace has no chance, asserts Colonel Anil A Athale (Retd). It is time we buried the mantra of 'peaceful and stable Pakistan is in our interest' asserts Colonel Anil A Athale (Retd).
Sharif said that the US president had shown beyond any doubt that "he is a man for peace... and beneficial business deals".
'Don't worry, will sort it out son'
The Indian Premier League (IPL) 2025 season has been officially suspended due to escalating military tensions between India and Pakistan.
The disputed region witnessed clashes on Saturday between the police and activists of a rights movement, leaving at least one police official dead and injuring over 100 people, mostly policemen.
Jaishankar said that the Pahalgam attack "was an act of economic warfare. It was meant to destroy tourism in Kashmir, which was the mainstay of the economy. It was also meant to provoke religious violence because people were asked to identify their faith before they were killed."
India conducted precision strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir, targeting terrorist infrastructure to deter further attacks. The operation, codenamed 'Operation Sindoor', was detailed by two women military officers, Col Sofiya Qureshi and Wing Commander Vyomika Singh, at a press briefing in New Delhi. The officers highlighted the precise nature of the strikes, emphasizing the use of "niche technology weapons" to ensure no collateral damage. The briefing showcased India's military prowess and the growing role of women in the armed forces.
Pakistan has expressed condolences over the deaths of tourists in a terror attack in Pahalgam, Jammu and Kashmir, that killed 26 people. The Foreign Office spokesperson said Pakistan is concerned at the loss of tourists' lives and wished the injured a speedy recovery. The attack, claimed by The Resistance Front (TRF), a proxy of the banned Pakistan-based Lashkar-e-Taiba (LeT), is the deadliest in the Valley since the Pulwama strike in 2019.
The Air Chief revealed information about India's damage to Pakistan's defence capabilities while addressing an event at the Hal Management Academy in Bengaluru on Saturday.
Indian Air Force S-400 Sudarshan Chakra air defence missile systems were fired last night against targets moving towards India. The targets were successfully neutralised in the operation multiple domain experts told ANI.
The ministry of external affairs also seemed to reject Trump's forceful comments that Washington brokered the understanding between India and Pakistan on ending their four-day military conflict.
"In Pahalgam, terrorists not only shed the blood of Indians, but also attacked our culture. They tried to divide our society and the biggest thing is that the terrorists have challenged the women power of India," Modi said.
'There's something called deterrence by punishment.' 'That means you hit in a manner calculated to raise costs and consequences for Pakistan, so that the next time it attempts a Pahalgam-like attack, it has to think ten times.'
Reaffirming India's stand against terrorism, Prime Minister Narendra Modi has urged leaders of the G7 to galvanise global action against terrorism and underscored the need for strict action against those who 'promote and support' it.
Heavy Pakistani shelling in the border district of Poonch in Jammu and Kashmir left nine people dead and 28 injured. The shelling, described by residents and officials as "barbaric and cowardly", started around 2 am, damaging dozens of residential houses, shops, vehicles, and heritage sites. The incident comes after India launched "Operation Sindoor" in retaliation to the April 22 Pahalgam terror attack. India condemned the act, calling it a cowardly attack on civilians, and reaffirmed that civilian safety remains its top priority.
'I am the daughter of a martyr and had lost my father in Kashmir in 1994. I understand what drastic circumstances life brings in front of you.'
'War is not an answer. War is not a solution.' 'Deterrence is a solution. We should have the stick with us with which we can beat Pakistan.'
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.
Hundreds of residents along the Line of Control (LoC) and the International Border (IB) in Jammu and Kashmir were evacuated to safer zones after Pakistani shelling following Indian airstrikes on terror targets in Pakistan. The shelling killed 12 people, including four children and two women, and injured over 50. The evacuations come amid heightened tensions between India and Pakistan following the April 22 terror attack in Pahalgam that left 26 civilians dead. The government has provided temporary shelter for those evacuated.
Trump also repeated his claim that seven fighter jets or more were shot down during the hostilities.
External Affairs Minister S Jaishankar has said the recent confrontation between India and Pakistan was not just a mere conflict between two neighbours, but it was about combating terrorism, which will eventually come back to haunt the West.
Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.
Interacting with reporters in Kolkata, the Trinamool national general secretary reiterated that his party stood with the government in matters of national interest, combating cross-border terrorism, and safeguarding sovereignty.
India has reached out to key global powers, including members of the UN Security Council, and apprised them about the reasons behind its military strikes on nine terror targets in Pakistan and Pakistan-occupied-Kashmir in retaliation for the Pahalgam terror attack. New Delhi also conveyed to the countries that it will retaliate if Islamabad escalates the already tense situation.
'An important consideration was that we should always be at the top of the escalation ladder. When we reach a military objective, we should try and put a stop to it'
'This operation was a culmination of such long (period) of efforts, and gives us satisfaction that whatever we have been doing, we have been doing correctly'
Prime Minister Narendra Modi spoke with President Donald Trump and set the record straight that India had paused strikes on Pakistan during Operation Sindoor following a request from Islamabad and not due to mediation or offer of a trade deal by the United States.
Official confirmation from the government is still awaited, and more details are expected soon.
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