Sensex sinks 573 pts on global tensions and high crude prices
It is high time India ends its silence on the human cost of the Gaza war and takes a principled stand without diluting its relations with Israel. A largely friendless Tel Aviv today needs New Delhi more than the other way around. India's failure now may cost it diplomatically in the long run, cautions M R Narayan Swamy.
The era where nations thrived through rigid alignments is giving way to an age where the connective State defines power. For India, that era has arrived, points out Dr Nishakant Ojha.
'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 Saturday said it was deeply concerned over the 'evolving escalation' in West Asia and urged all sides to exercise restraint and return to the path of dialogue and diplomacy.
Red Square and VDNKh easily rank among the most striking places I've visited -- both for their historical significance and architectural splendour.
My admiration for Russian culture, vision and ambition grew with every step as I clocked the miles, Nitin Sathe tells us after a visit to Moscow and St Petersburg.
Air India and Air India Express on Tuesday progressively resumed their services to the Middle East, with flights to Dubai and Muscat, respectively, as countries in the region reopened their airspaces.
The senior India squad began its preparatory camp in Bengaluru on August 15 ahead of next month's CAFA Nations Cup, but 13 players, including seven from Mohun Bagan, have skipped the camp.
'Trump's sons, and the son of Trump's Mideast envoy Steven Witkoff, are in the crypto business and recently signed deals with Pakistan's crypto council.' 'It may not be coincidental that not long before the Trump-Munir meeting, the head of Pakistan's crypto council met with Trump's White House crypto policy czar.'
The escalation of conflict in the West Asian region is expected to push already high logistics costs besides hurting trade in sectors such as oil, electronics and agriculture, according to exporters. They said that insurance costs for exports to the countries directly involved in the war could also go up, which will impact Indian exporters' working capital. Think tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India's trade with countries like Israel, Jordan, and Lebanon.
Two 'very smart' leaders of India and Pakistan decided to end last month's conflict that could have turned into a nuclear war, United States President Donald Trump said after holding a rare luncheon meeting with Pakistan army chief Field Marshal Asim Munir at the White House.
'It is a matter of great pride for India to be among the hosts of the AFC U17 Asian Cup Saudi Arabia 2026 Qualifiers, and I am particularly pleased to see Ahmedabad take centre stage.
'Only a fool would put his life savings into a restaurant at 59... but I did'
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
India is working with Yemeni authorities and friendly nations to find a solution for Nimisha Priya, the Indian nurse sentenced to death in Yemen for murder. The government is seeking more time for Priya's family to reach an understanding with the victim's family.
The Indian diplomatic missions in Israel and Iran on Sunday issued fresh advisories for its nationals after Tehran launched an unprecedented drone and missile attack on the Jewish state, advising them to stay calm, adhere to safety protocols along with activating additional helpline numbers.
In his petition, Suri's lawyer said that he is being punished as his wife, who is a US citizen, is of Palestinian heritage and because the government suspects that he and his wife are against the US foreign policy towards Israel.
India and Iran on Monday signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as trade ties. This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.
Indian Super League side FC Goa was drawn along with superstar footballer Cristiano Ronaldo's Al Nassr of Saudi Arabia in Group D of the AFC Champions League 2.
If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.
'Trump is likely being purposefully vague, hoping that this lack of clarity will pressure India, fearing the worst, to agree to scale back its imports of Russian oil.'
Stock investors will track the ongoing conflict between Iran and Israel, Brent crude oil prices, inflation data and the US Fed interest rate decision for further cues this week, analysts said. Tariff-related news would also dictate trends in the equity market, experts noted.
In other matches, Uganda scored a decisive victory over New Zealand, securing their semi-final berth with a final score of 71-26, South Africa beat Kenya 51-46 to advance to the next round whereas Nepal crushed Iran 103-8.
On the other hand, Bharat Electronics, Kotak Mahindra Bank and Axis Bank were the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled higher.
India on Sunday said it is seriously concerned over escalating hostilities between Israel and Iran, and called for immediate de-escalation of the situation.
He then went on to say that, however, he won't get a Nobel Peace Prize for any of his efforts.
India's pharmaceutical exports to Iran have been hit owing to depleting rupee reserves in the West Asian country because of India stopping the import of crude oil from it in 2019 following US sanctions. Pharmaceutical exports dropped 71.25 per cent in April-August this year over the same period last year. The data from the Pharmaceutical Exports Promotion Council (Pharmexcil) showed exports to Iran had declined 31.29 per cent in 2022-23 as against the previous financial year.
Praggnanandhaa beats Abdusattorov in Superbet chess
'Geopolitically and diplomatically it's a very difficult situation for India.'
One must wonder whether Mr Modi's efforts to wine and dine the Big Two of today's world were seen as a sign of weakness rather than a proffered arm of friendship, points out R Jagannathan.
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.
Abundantly talented but more significantly, incredibly cool in crunch situations, that's how India's 88th Grandmaster and World Cup winner Divya Deshmukh was described by her formative coach Srinath Narayanan, who feels the 19-year-old chess wizard's composure is comparable only to cricket great Mahendra Singh Dhoni.
From the Sensex firms, Adani Ports, Bajaj Finance, Tech Mahindra, IndusInd Bank, Nestle and Tata Steel were among the major laggards. In contrast, Mahindra & Mahindra, Titan, Larsen & Toubro, Bharti Airtel and Maruti were among the gainers.
Trade links with Israel have strengthened in the past few years, even as the value of goods exchanged with Iran has diminished. Iran accounted for $3.9 billion worth of India's exports in the four quarters ending December 2019, compared to $3.6 billion to Israel. However, India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling four-quarter basis, while exports to Israel grew to $6.1 billion in the same period.
The difference in rating does not count much but going by form and records, India's numero uno player R Praggnanandhaa will start as one of the favourites in the third edition of Grand Chess Tour rapid and blitz tournament in Zagreb, Croatia, starting on Wednesday.
Clubbed with Thailand, Bangladesh and Malaysia in Group A, India comfortably advanced to the final, defeating Bangladesh 64-23, Thailand 76-21, and Malaysia 73-19 to top their pool with three wins.
Ports, Shipping and Waterways Minister Sarbananda Sonowal made the request during a meeting with Iranian Foreign Minister Hossein Amir-Abdollahian in Tehran on Monday.
The answer is to be found in the rise of the global south and in particular, the rise of China, explains Aakar Patel.
After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and Rs 4,223 crore in April, data with the depositories showed.
Sources are in touch with Iranian authorities through diplomatic channels, both in Tehran and in Delhi.
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