The Bombay high court on Friday upheld the tender awarded to an Adani Group firm by the Maharashtra government for the Dharavi slum redevelopment project in Mumbai, ruling there was no 'arbitrariness, unreasonableness or perversity' in the decision.
External Affairs Minister S Jaishankar on Friday defended Prime Minister Narendra Modi's hugging of Russian President Vladimir Putin, a gesture that had drawn much criticism from the West.
Prime Minister Narendra Modi on Tuesday conveyed to Russian President Vladimir Putin that India stands ready to provide all possible cooperation towards ending the Russia-Ukraine conflict and that dialogue and diplomacy is the only way to bring peace to the region.
The Russian defence ministry on Wednesday said its armed forces are ready to take all necessary measures for the safe evacuation of Indian citizens from the eastern Ukrainian city of Kharkiv.
At a press conference ahead of Air Force Day on October 8, he also said that India needs to catch up with China on technology and speed in production of military equipment, holding that "we are way behind" the neighbour. Air Chief Marshal Singh, at the same time, said the Indian military is way ahead in terms of personnel including those operating various machines and platforms. "I am very confident that as far as human angle is concerned, as far as our people behind the machine are concerned, we are way ahead of them," he said.
Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points. The rally in China has been fast-forwarded by the approach of a seven-day holiday with the CSI 300 Index up 8.5 per cent on Monday, and 25.1 per cent in five trading days, he said.
The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
The IAF had signed a contract for five squadrons of the S-400 air defence missile systems of which three units were received in time but two squadrons have not yet been supplied.
Ukrainians hailed their women's sabre team for winning the country's first gold of the Paris Olympics
'Investors with foreign currency-denominated goals, such as foreign education or foreign travel, should go for US equity funds.'
Soon after reaching the Ukrainian capital Kyiv from Poland, Modi was greeted by Ukraine President Volodymyr Zelenskyy at the multimedia Martyrologist Exposition on children at the National Museum of History of Ukraine.
Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the "endless chatter" of Fed governors, Wood believes the news flow in the financial sphere "pales into complete insignificance" compared with the "tectonic shifts" going on in geopolitics.
Jaishankar described as a "reasonable supposition" to expect some improvement in the relations between India and China following the last round of disengagement but hesitated to say that there could be a reset of the ties.
From the time he left office after his loss in the 2020 presidential election to his nomination as the Republican candidate in the 2024 race, Trump continued to dominate the American news cycle and the country's psyche.
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
The Indian embassy in Moscow confirmed the death of Ravi Moun, who hailed from Matour village in Haryana's Kaithal district, his brother Ajay Moun said.
The spokesperson said India has "always advocated constructive, solution-oriented, and practical engagement with all stakeholders to achieve a negotiated settlement to this conflict".
With the adoption of the UNSC resolution on Sunday, it was for the first time in 40 years that the council decided to call for an emergency special session in the General Assembly.
The nature of war and its purpose remains unchanged. The change is in the character of war in terms of a man-machine mix, domination of sensors and certain automation of the tactics and methods of war, points out Colonel Anil A Athale (retd).
It is understood that India and the United States are not on the same page on the Ukrainian crisis.
India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.
In retrospect, it appeared that the bitterness of the war was still strong and the Ukrainian success in occupying Russian territory just a few days ago had added to the complexity of the situation. The positive US response to the visit, however, remains a silver lining in the dark clouds, notes Ambassador T P Sreenivasan.
The ongoing Russia-Ukraine conflict has demonstrated the integration of multiple forces in domains of air, land, sea, cyber, information and space, and how they are "united" to achieve the goal, Vice Chief of the Air Staff, Air Marshal A P Singh, said on Friday.
Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
'A 10 to 15 per cent allocation to gold in portfolios reduces risk without compromising on potential returns.'
The government has received requests for facilitation of early discharge of some Indian nationals purportedly recruited into the Russian armed forces in unclear circumstances, he said.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
US officials say that outreach and public statements from Modi and others helped avert a crisis.
Prime Minister Narendra Modi and US President Joe Biden will have a substantive engagement on the sidelines of the Quad summit on Saturday, and the two sides will sign at least two agreements following the talks.
After remaining in the positive zone for three months, India's exports contracted 1.2 per cent to $33.98 billion in July, while the trade deficit widened to $23.5 billion.
Ukrainian President Volodymyr Zelenskyy told the United Nations Security Council that 'we have to prepare' the second peace summit to end the Russia-Ukraine war 'altogether' and he has invited India and other countries to join the peace process.
Russia on Tuesday agreed to India's demand to ensure early release and return to home of the Indian nationals working in the Russian military as support staff after Prime Minister Narendra Modi 'very strongly' raised the issue with President Vladimir Putin.
Jaiswal also referred to his earlier comments that 20-odd Indians have approached the Indian embassy in Moscow.
The 59-year-old Vikram Misri assumed charge of the key position at a time India is looking to navigate various geo-political challenges, including its frosty ties with China following the lingering eastern Ladakh border row and the consequences of the Russia-Ukraine conflict.
The Biden administration's failure in stopping two major wars and several minor ones was seen as a major disaster by many Americans and the world at large, observes Ambassador T P Sreenivasan.
According to the original timeline, the ships were to be delivered by 2022, they said, attributing the delays in the delivery to Russia's war in Ukraine.
On Sunday the Ukrainian Tennis Federation urged the sport's governing body the International Tennis Federation (ITF) to immediately expel Russia and Belarus from the organisation and ban Russia from team and individual tournaments. Also, athletes from Ukraine and other nations have called on the International Olympic Committee (IOC) to suspend Russia and Belarus and ban their athletes from events immediately.
"The responsibilities of member states must be assumed by member states and let's not make the UN the scapegoat of the failures or of the negative actions that are committed by member states," he said.
India should watch the emergence of the situation and then see how others react, he said adding that Russia has stood by India in very difficult times.
