Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
Prime Minister Narendra Modi will visit Washington later this year and US President Donald Trump looks forward to hosting him, White House said on Tuesday.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
Prime Minister Narendra Modi on Tuesday held talks with United States President Barack Obama on "substantive" bilateral, regional and international issues including defence, security, trade and situation in West Asia in view of threat by Islamic State militants.
With Hamid Karzai stonewalling every US effort to conclude a bilateral security agreement, the Obama Administration is pinning its hopes on India to persuade the Afghan President to sign the deal and end the current political imbroglio on the issue.
Without naming India, S&P said it expects that in regions where inflation already exceeds targets, or which are vulnerable to capital flight, central banks will be forced to raise interest rates.
After two decades, the SCO appears to be at a cross-roads with the US withdrawal from Afghanistan, asserts Srikanth Kondapalli, the leading China expert.
Das filed the complaint on Sunday and alleged that several people were issuing "threats, making sexually coloured remarks and defaming her" through online posts.
Prime Minister Narendra Modi's initial weeks in office and the composition of his national security team give a sense of his government's foreign policy and national security priorities, says Harsh V Pant
The Obama administration has christened his vision of Indo-US ties that has overcome the "hesitations of history" and working for the betterment of the global good as "Modi Doctrine".
The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024. "The actual benefit for banks from the inclusion in JP Morgan's EM Index will accrue from June 2024 onwards. "Until then, the larger fundamentals of the market will dictate the moves. "Once the initial euphoria subsides, bond markets will look to global cues which may trigger fresh selling," said Siddharth Khemka, head of retail research, Motilal Oswal Financial Services.
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
The US has said India should look toward Central Asian nations.
Speaking at the Tughlaq's 53rd Annual Day Function in Chennai, the External Affairs minister said, "On the Northern borders, China is seeking to change the status quo by bringing large forces, violating our agreements. Despite Covid, remember, this happened in May 2020. Our counter-response was strong and firm."
'The threat of ceding space to China in Afghanistan appears to be one factor propelling our government to get a bit more active now.'
Three Indian peacekeepers, who lost their lives serving under the UN flag last year, are among the 103 military, police, and civilian peacekeepers who will be honoured posthumously with a prestigious medal in the United Nations for their service and supreme sacrifice in the line of duty.
The stock exchange on which they are traded boasts higher profits than most of the companies whose shares are hitting new highs. Only 37 of approximately 2,000 listed companies with comparable data for 2022-23 (FY23) reported higher profits, while the rest had lower profits. Despite rising corporate profitability, the universe of companies that outperform the National Stock Exchange (NSE) in terms of profitability has been shrinking of late, according to an analysis of companies with comparable data over the past seven years.
India has the lowest labour force participation rate in South Asia and one of the lowest in the world, points out Aakar Patel.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
Year by year, our cities remain defeated in the face of weather conditions, costing us time, money, resources and often lives, observe Amit Kapoor and Bibek Debroy.
'Customers will end up pre-buying laptops, even at inflated rates. The same is true for second-hand and refurbished pieces that a company's authorised stores sell.'
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
'...to prevent this episode from disrupting ongoing cooperation.' 'The discovery of this plot had the potential to derail much of what has been achieved in the relationship during this administration's tenure -- I don't think that fact has been sufficiently appreciated in India.'
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.
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
Since 1975, the United States has welcomed more than 3 million refugees from all over the world.
The Taliban have the ISIS in its crosshairs. The Taliban has shown the skill to assimilate extremist elements if they are reconcilable as well as the ruthlessness to eliminate troublemakers, observes Ambassador M K Bhadrakumar
India has not been invited to a crucial meeting being convened by Russia on the fast-evolving situation in Afghanistan that is expected to see the participation of Pakistan, China and the US, people familiar with the development said on Thursday.
The two sides are also expected to explore ways to deepen defence collaboration, including exercises, defence transfers and technologies ahead of the next edition of the 2+2 defence and foreign ministerial dialogue to be held in the US later this year, they said.
Although the pact would focus mainly on the Pacific and the South China Sea region, any action designed to deter China with or without New Delhi's active participation is a welcome move, notes Commodore Venugopal Menon (retd).
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Singapore on Wednesday executed a man convicted of trafficking one kilogramme of cannabis, ignoring international calls to abolish capital punishment.
"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.
'This resilience should be viewed as reflecting the strength of the structural story.'
It's a packed 5-nation, 9-day, visit for Prime Minister Modi as he heads to Uzbekistan, Kazakhstan, Kyrgyzstan, Turkmenistan and Tajikistan, apart from Ufa in Russia.
The broader economy risks a potential flight of foreign portfolio capital, therefore pressure on the rupee and more bad news on the stock market, warns T N Ninan.
Soured political relations between India and Pakistan have complicated matters
'In Eastern Ladakh the Chinese attempted salami slicing.' 'Our response has been superb. Our military has responded magnificently.'
'There is simply no evidence of any new or clear policy direction in internal security, and mounting evidence of policy incoherence.' 'Worse, the promise of giving the common man -- and, more importantly, woman -- a greater sense of security has been utterly belied. Indeed, with an escalation of communal posturing and rhetoric, there is a broader sense of uncertainty,' says Ajai Sahni.
