'When one air force (India's) hits the other's airbases with impunity and that air force (Pakistan's) is not able to respond, then the air force, which has put the other's airbases out of commission, has won.'
India on Tuesday pressed Russia to release all the Indians recruited by the Russian military, following the death of another Indian national in the Russia-Ukraine conflict zone, taking the death toll to 10.
Speaking at a joint press conference with Belarus President Alexander Lukashenko on Thursday, Putin said that Russia agrees with the proposals to cease hostilities but "proceeds from the assumption that this cessation should lead to long-term peace and eliminate the root causes of the crisis."
Trading sentiment in the equity market this week will be guided by global trends, foreign fund movement, macroeconomic data announcements and RBI's interest rate decision, analysts said. The monthly auto sales data announcement would also be tracked by investors this week.
India has confirmed that 12 Indian nationals have died while serving in the Russian military during the ongoing conflict in Ukraine. Another 16 Indians, who were serving in the Russian armed forces, are listed as missing by Russia. The Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said a total of 126 Indians were serving with the Russian military and 96 of them have so far been discharged.
'There is a solution only for the organisation of humanitarian corridors,' Advisor to the Head of the President's Office of Ukraine Mykhailo Podoliak said on Twitter.
The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.
India abstained on two UN General Assembly resolutions calling for a de-escalation, an early cessation of hostilities and a peaceful resolution of the war against Ukraine. The resolutions were adopted on the third anniversary of the Russia-Ukraine conflict, with the UN Secretary General stressing that the war in Ukraine stands as a grave threat to the peace and security of Europe and the core principles of the United Nations.
Trump has made clear his intention to mediate a resolution between the two nations, emphasising the need for a swift de-escalation of violence.
US President Donald Trump on Thursday addressed the World Economic Forum where he offered business leaders low taxes if they manufacture their products in the US, while threatening them with tariffs if they don't. Addressing the forum's Annual Meeting in Davos through video conferencing, Trump also said he is going to ask Saudi Arabia and OPEC to bring down oil prices and asserted that if prices come down Russia-Ukraine war will end immediately.
US President Donald Trump and Indian Prime Minister Narendra Modi met in Washington D.C. to discuss a range of issues including trade, defense, and energy. The two leaders announced plans to finalize "wonderful trade deals" for both countries, and Trump emphasized the need for India to purchase US oil and gas. Modi congratulated Trump on his second term and highlighted the importance of working together to further strengthen the India-US relationship. The meeting also addressed the ongoing conflict in Ukraine, with Modi reiterating India's commitment to peace.
Trump said that he and Putin agreed to have their respective teams start negotiations immediately and begin by calling Ukraine President Volodymyr Zelenskyy regarding the conversation.
Putin said that the Indian leader had "aptly" noted that it is "not an anti-western one but a non-western one".
Putin expressed concern over the situation in Gaza, and said Palestinian President Mahmoud Abbas has been invited to BRICS events.
India's wheat exports could touch a new record of 10 million tonnes in 2022-23, up from a record seven million tonnes in the current financial year, if global market conditions remain choppy and no curbs are imposed on outbound shipments. That is the bullish estimate by officials from global trading firms and market watchers who say the Russia-Ukraine crisis has not only attracted global buyers to India but also pushed the price of Indian wheat from around $320 per tonne (FOB) to over $360 per tonne in less than 10 days. Food secretary Sudhanshu Pandey told reporters that wheat exports till February-end have already reached 6.6 million tonnes and by the end of March, outbound shipments will reach seven million tonnes.
Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country's inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.
'It showed me that this man had courage. He makes his own decisions, but he also trusted me enough in that moment to walk with me into the crowd,' Modi tells Lex Fridman on his podcast.
The surge in volatility across the globe sparked by Russian invasion of Ukraine has led to an increase in prices of gold and silver - considered to be safe-haven investment bets. In the past month, silver funds have delivered returns of 7.34 per cent, while gold funds on an average have risen around 6 per cent. In comparison, the benchmark Nifty has declined 4 per cent. Fund managers say precious commodities act as a good hedge against inflation and phases of geopolitical uncertainty.
The apparel and engineering sectors have already witnessed the trend in the past one week. If this continues, it can have an impact on the overall export demand in the coming months, considering that Europe is the largest national export market for India.
Investors and companies should brace for higher commodity prices over the next few weeks in the backdrop of Russian troops attacking Ukraine on Thursday. Meanwhile, US President Joe Biden threatened new sanctions against Russia for an act of aggression against Ukraine. All this, analysts believe, can push prices of key commodities such as crude oil, ammonia, urea, potash, and phosphates higher.
During the first round on Monday, the Russian delegation conveyed Moscow's demand to enshrine Ukraine's non-bloc status at the parliamentary level and hold a referendum.
'There's no going back in time, but I hope those who ignored, downplayed, and appeased Putin for so long feel some shame today. Enough at least to do everything possible to stop him now.'
Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.
The proposed visit is being planned around the Ukrainian National Day of August 24 and the prime minister may also travel to Poland as part of a two-nation tour, they said.
'Trump would like the war in Ukraine to be over, and that it would be weighing on his mind even before the Inauguration ceremony in January next year.'
Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening.
A peace keeping role for India is a distinct possibility. Indian military has both the numbers and experience to carry out this job, observes Colonel Anil A Athale (Retd).
'He may respect others, but he is unlikely to admire them'
'As the markets are expected to remain jittery in the near term, we advise investors to use this opportunity to enter quality largecaps from a long-term perspective.'
'We are f#^*@d' Democrats told CNN after Biden's poor performance.
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew Rs 61,973 crore from equities.
In the weeks between his phenomenal electoral victory and swearing-in as the 47th president of the United States, the world got a preview of what a second Donald Trump presidency will entail -- both for itself and America.
Permanent Representative of Ukraine to the UN Ambassador Sergiy Kyslytsya told the UN Security Council briefing on the humanitarian situation in Ukraine on Monday that "Ukraine deeply regrets that more than 2,000 citizens of India, China, Turkey, Pakistan and other countries suffer today along with Ukrainians from Russian aggression."
An Indian national who was drafted into the Russian army on the pretext of a job has been killed in Russia's war against Ukraine, the Indian embassy in Russia said on Wednesday.
'Putin will not be bound by any kind of deal he would sign with the US.'
India's comments came hours after Russia claimed that some Indian students in Kharkiv were taken hostage by Ukrainian security forces.
'Trump administration wanted a positive tone at this summit, but there was still some anxiety that there could be some awkward moments -- and there were not.'
Dalal Street had a roller coaster ride in 2024 from shattering record after record to facing heavy correction off-late but equity markets still rewarded investors with positive returns, driven by a surge in domestic fund flows and a resilient macro landscape. The first half of the year saw robust corporate earnings, a surge in domestic flows, and a resilient macro landscape, driving the Nifty to an all-time high of 26,277.35 in September 2024, according to Motilal Oswal Wealth Management.
A major divide has emerged within Donald Trump's MAGA team in the United States, as Elon Musk and Vivek Ramaswamy who advocated for the expansion of the visa program for 'highly skilled workers' faced heavy backlash from within President-elect's base, CNN reported.
India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war.
