A day after suffering their worst session in about two years, benchmark indices Sensex and Nifty rebounded up to 2.5 per cent on Friday, in line with higher global markets as the US and allies put up a united front to punish Russia with harsher sanctions over the Ukraine conflict. Snapping their seven-day losing streak, the BSE Sensex climbed 1,328.61 points or 2.44 per cent to settle at 55,858.52, while the NSE Nifty went soared 410.45 points or 2.53 per cent to 16,658.40. Barring HUL and Nestle, all Sensex shares closed with gains -- with Tata Steel, IndusInd Bank, Bajaj Finance, NTPC and Tech Mahindra surging as much as 6.54 per cent.
The ongoing Hamas-Israel conflict has disrupted India's efforts to gain from a recent fall in crude oil prices. Since Hamas' invasion of southern Israel on October 7, petroleum has become costlier by around $5 per barrel, threatening to stoke prices and impact growth. Brent crude was trading at $89.8 per barrel on October 9 (9.15 pm IST), up over 4 per cent, thwarting India's anticipation of a period of declining oil prices - after the leading global petroleum benchmark declined by around 11 per cent last week.
Geopolitical tensions simmered at the US Open on Thursday as Ukrainian Marta Kostyuk refused the customary handshake at the net when Belarusian Victoria Azarenka defeated her 6-2, 6-3 in the second round.
Jaishankar also spoke about how he expected a change in Russia's direction towards the rest of the world and it may likely want multiple options in Asia.
Ukraine's Paralympic chief said on Friday his team would quit the Winter Paralympic Games if Russia invaded his home country, adding that he hoped the competition would be able to spread peace instead.
The coup attempt has weakened Putin's position and in desperation he may well sanction the use of nukes, points out Colonel Anil A Athale (retd).
India on Saturday pulled off a big diplomatic win after the G20 summit held under its presidency adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending the "global trust deficit".
Addressing mediapersons after the investiture ceremony of ARTRAC, Singh said the Army has to understand and study these scenarios so that it is prepared if it has to undergo a similar situation tomorrow.
The US hopes India will "reconsider" its decision to ban wheat exports, with Washington "encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being hit by scorching heat waves. The decision would help control retail prices of wheat and wheat flour, which have risen by an average 14-20 per cent in the last one year, besides meeting the foodgrain requirement of neighbouring and vulnerable countries.
'If the majority falls short of expectations, it may prompt initial adjustments in investor sentiment.'
Lavrov also noted that the G20 Summit in New Delhi provided a direction towards fairness in global governance and global finance as well.
Units of the Russian armed forces are moving forward with the special operation, having advanced up to 14 kilometres (8.7 miles) over the past 24 hours, Russian Defense Ministry spokesman Igor Konashenkov said on Sunday.
'I am worried that Pakistan will still feel compelled to take substantive military action beyond this apparent drone activity.' 'If so, the crisis could persist for a while more and dangerous days are still ahead.'
Andrey Rublev received a large round of applause from the audience after he wrote the message.
Mariupol City Council, who shared an image of the destroyed building, said Russian forces had 'purposefully and cynically destroyed the Drama Theater in the heart of Mariupol', CNN reported.
After the first quarter was washed out, exporters are now keeping their fingers crossed over a turnaround in outbound shipments to at least North America from September onwards. This comes even as other key destinations such as Europe may take longer to revive in FY24. Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods.
Investors' wealth eroded by over Rs 4.90 lakh crore on Friday amid a sharp fall in equities. The 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to settle at 58,098.92. During the day, it tumbled 1,137.77 points or 1.92 per cent to 57,981.95. The market capitalisation of the BSE-listed firms plummeted by Rs 4,90,162.55 crore to Rs 2,76,64,566.79 crore on Friday.
"Prime Minister Modi has a powerful, influential voice on the world stage. We know the Russian leadership respects India's voice and position on the world stage. I think Prime Minister Modi's intervention is very, very welcome. And we really hope that Vladimir Putin listens to those voices who are calling for peace and for de-escalation. So we very much welcome Prime Minister Modi's intervention," Cleverly told PTI in an interview.
Taking a dig at Pakistan without naming it, Prime Minister Narendra Modi on Friday said a country which was a supplier of aatank (terror) is struggling for aata (flour) these days.
During an interactive session at the 'Ideas for India' conference in London on Friday, Gandhi not only mounted a scathing attack on the Bharatiya Janata Party government but also extended an olive branch to regional parties who he had angered with his comment that they were not capable of taking on the saffron party for want of ideology.
'For the first time, all major countries are discovering India's indispensability to their own foreign policy interests.'
Top Pentagon officials have shown an understanding of India abstaining at the UN on resolutions against the Russian aggression against Ukraine but had a hard time pacifying many US lawmakers during a Congressional hearing on the Indo-Pacific on New Delhi's repeated abstention at the world body in New York.
Naveen Shekarappa Gyanagaudar, a Final Year Medical student at Kharkiv National Medical University, died on March 1, in the conflict zone.
Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.
The UK government has taken the unusual step of making a formal statement to warn of a Russian plot to install a pro-Kremlin leader in Ukraine amid growing tensions in the region.
India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
The Reserve Bank of India's rate-setting panel on Wednesday started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain status quo on interest rate but change its monetary policy stance amid rising inflation on account of geopolitical developments.
Prime Minister Boris Johnson said the UK will hit Russia with a "first barrage' of economic sanctions, warning that President Vladimir Putin is fixed on a "full-scale invasion of Ukraine".
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.
In the last few days, India has been focusing primarily on ways to get the Indian students out of Sumy, a city that is around 60 km from the Russian border.
The conclave will be held at the national capital from April 18-22 and will be chaired by Army Chief Gen MM Naravane.
President of the European Council Charles Michel on Tuesday spoke to Prime Minister Narendra Modi and conveyed his condolences over the death of Naveen Shekarappa Gyanagoudar, a native of Karnataka.
Indian rupee has declined by about 25 per cent since December 31, 2014, and is nearing 80 against the dollar, the Lok Sabha was informed on Monday. The value of the rupee declined from 63.33 against a dollar on December 31, 2014, to 79.41 on July 11, 2022, Finance Minister Nirmala Sitharaman said in a reply quoting RBI data. The exchange rate of the Indian Rupee against the dollar was Rs 78.94 per dollar as of June 30, 2022, Finance Minister Nirmala Sitharaman said in a written reply.
Prime Minister Narendra Modi on Sunday made a fresh push for reforms in global institutions, including the United Nations, asserting that the world's 'new realities' should be reflected in 'new global structure' as it is nature's law that those who don't change with times lose their relevance.
Addressing an event in New Delhi, Gen Pande also said the recent global developments have underscored that the security of the nation can neither be outsourced nor be dependent on the largesse of others.
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday
"The video shows a strike on a reconnaissance and sabotage unit of the Ukrainian armed formations, carrying out reconnaissance and search operations on four US-made all-terrain military vehicles. After the strike with precision missile weaponry, the group was destroyed," the defence ministry said.
The deming and clearing of unexploded munitions in Ukraine after the Russian invasion could take between 5 to 7 years.
"I am saddened, however, that there is a small, handful of members that seem to be still tolerating the war," Sergiy Kyslytsya said after the Security Council voted on the United States-led draft resolution.
The PM expressed his anguish over the deteriorating situation and the humanitarian crisis in the war-hit country, while reiterating India's appeal for cessation of hostilities and a return to dialogue.
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