Stock markets will be driven by RBI's interest rate decision, tariff-related developments, global trends and trading activity of foreign investors in this holiday-shortened week, analysts said.
Defence Minister Rajnath Singh is likely to call another high-level meeting later today, they added.
India's crude oil imports from Russia saw a marginal decline in September, but continued to account for over one-third of the country's total oil purchases, despite US pressure to curb the trade over concerns that it supports Moscow's war effort in Ukraine. India's crude imports in September were around 4.7 million barrels per day, up 220,000 bpd month-on-month and flat year-on-year.
High US tariffs are expected to affect close to 8 per cent of India's overall auto component production, ratings firm Icra said on Wednesday. Indian auto component exporters are at a relative disadvantage compared to most other Asian exporting nations, highlighting the importance of concluding an India-US bilateral trade agreement, it added.
The MEA said the two sides agreed to continue discussions through diplomatic and military channels to resolve the remaining issues "at the earliest" so as to create conditions for the restoration of normalcy in the bilateral relations.
Senior Congress leader Shashi Tharoor says US tariffs are negatively impacting India, leading to job losses, and criticizes President Trump's diplomatic behavior.
'The two sides should support rather than undermine each other, strengthen cooperation rather than guard against each other, and enhance mutual trust rather than be suspicious of each other'
The escalation in the US-China trade war is expected to help India increase its exports and attract investments from American companies, think tank GTRI said on Friday. He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed.
The government plans to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes. The scheme is expected to run for seven years, according to official documents.
China and India should put their differences on the border issue at a "proper position" in bilateral relations and stick to the "right direction" of bilateral ties, Chinese Foreign Minister Wang Yi said on Friday.
India has rejected White House Trade advisor Peter Navarro's comments on New Delhi for its procurement of Russian crude oil, calling them 'inaccurate and misleading'. The relations between New Delhi and Washington are on a downturn after President Donald Trump doubled tariffs on Indian goods.
Playing down recent border stand off in Ladakh ahead of Premier Li Keqiang's visit to India, China on Thursday said the two sides have the ability to prevent such issues from affecting overall growth of ties, while working "very hard" to find a solution at an "early date".
Pakistan has reiterated its desire for normal neighbourly relations with India, while also criticizing India's decision to put the Indus Waters Treaty in abeyance. The Foreign Office spokesperson emphasized Pakistan's commitment to diplomacy and regional cooperation.
The border standoff between the Indian and Chinese militaries erupted on May 5 last year following a violent clash in the Pangong lake area and both sides gradually enhanced their deployment by rushing in tens of thousands of soldiers as well as heavy weaponry.
'Russia remains in a unique position since it has special strategic relations with both India and China and these relationships are independent in nature'
A US lawmaker and former officials warn that President Trump's policies are damaging the strategic partnership between the United States and India, potentially driving India closer to China and Russia.
The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. As per the industry sources, various domestic suppliers have already sought approval from the Chinese government through their local vendors in China.
The joint statement said Jaishankar and Wang agreed that both sides should take guidance from the series of consensus reached between leaders of the two countries on developing India-China relations, including not allowing differences to become disputes.
China has reiterated its plan to build the world's largest dam over the Brahmaputra River in Tibet, near the Indian border. The Chinese Foreign Ministry has assured that the project, estimated to cost around USD 137 billion, will not have any negative impact on downstream countries, India and Bangladesh. The ministry has stated that the project has undergone rigorous scientific verification and will be conducive to disaster prevention and mitigation, as well as climate change response. India has expressed concerns about the dam, raising the issue during talks with the visiting US National Security Advisor, Jake Sullivan. China has maintained that the project will not negatively affect the lower reaches and has committed to maintaining communication with downstream countries.
Jaishankar also said that there is a need to take the disengagement process forward.
Chinese Foreign Minister Wang Yi on Friday met Pakistan Army Chief Asim Munir and discussed regional security, counter-terrorism and matters of mutual interest.
Prime Minister Narendra Modi conveyed to Ukranian President Volodymyr Zelenskyy that India supports all efforts to end the conflict in Ukraine during a phone conversation.
'My understanding is that by the time President Xi Jinping came for the Chennai summit [2019], he had already instructed his army to undertake the action in Galwan in the summer of 2020.'
The way to deal with a bully is to resist bullying, because submission in the first instance only invites even more overbearing demands in future. What may seem like a small price to pay now will lead to a much higher price later, warns former foreign secretary Shyam Saran.
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
The Chinese Defence Ministry has stated that the Indian and Chinese militaries are implementing the resolutions to end the standoff in eastern Ladakh in a "compressive and effective manner." This follows the disengagement process completed late last year after a pact for troop withdrawal from Depsang and Demchok, the last two friction points in eastern Ladakh. The disengagement has paved the way for the resumption of various dialogue mechanisms between the two countries, with the aim of normalizing bilateral relations.
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Prime Minister Narendra Modi in a conversation with Chinese journalists based in New Delhi on Tuesday said, "India and China are bound by history, connected by culture, and inspired by rich traditions. Together they can create a bright future for the entire mankind."
Situated at a height of 15,200 feet above sea level, the pass sits on the top of a craggily formed Himalayan range that separates the Tibetan plateau from the Indian sub-continent.
China, however, remained ambiguous about the status of its own troops.
China has defended its plan to build the world's largest dam on the Brahmaputra River in Tibet, assuring that the project will not affect riparian states and safety issues have been addressed through decades of studies. The dam, estimated to cost USD 137 billion, has raised concerns in India and Bangladesh, but Chinese authorities maintain that the project has been thoroughly studied and safeguards are in place. The dam is part of China's efforts to develop clean energy and respond to climate change.
The two countries reviewed the situation in the region during a fresh round of online diplomatic talks under the framework of the Working Mechanism for Consultation and Coordination (WMCC) on border affairs.
Trump signed three executive orders related to AI, including a White House action plan, an order that establishes a coordinated national effort to support the American AI industry by promoting the export of full-stack American AI technology packages.
Amid controversy over USPresident Donald Trump's comments linking the use of Tylenol and other related paracetamol products by pregnant women to autism in children, experts and industry executives say that since India's export of the drug to the US is less, it will hardly affect the country's pharma exports to America.
His successor issue is also expected to flare up fresh tensions between Beijing and Washington as China's policy comes in conflict with the US Tibetan Policy and Support Act of 2020, which reaffirmed America's steadfast support for the Dalai Lama and Tibetan Buddhism.
Two more individuals have been arrested in Arunachal Pradesh on charges of espionage, bringing the total number of arrests to four. The individuals are accused of sharing sensitive security information with Pakistani handlers.
Trump's new rules for how countries should treat him have led to the current breakdown in India-US relations, explains Ambassador T P Sreenivasan.
India, China and Russia on Thursday held a trilateral meeting on Afghanistan's security situation against the backdrop of the US' plans to withdraw its troops from the war-ravaged country, raising fears of re-emergence of Taliban and al-Qaeda linked elements.
Chinese ambassador to India, Xu Feihong, on Wednesday expressed hope that the recently completed Indo-China border disengagement in Eastern Ladakh would smoothen relations and pave the way for a better understanding between the two neighbours in the days ahead.
When China protested strongly over the August decision on J&K -- not once but twice -- we ignored it. And to compound matters, we simply turned our back and walked over to the 'Quad' alliance with the US, upgrading it to ministerial level, and thereafter began following the American footfalls on Taiwan and COVID-19 to taunt and humiliate Beijing, observes Ambassador M K Bhadrakumar.
The MiG-21 episode demonstrates that procurement is always strategic.
Choices about what aircraft to acquire, who builds them, who supplies the spares, who trains the pilots and technicians are decisions with political consequences lasting for decades.
