External Affairs Minister S Jaishankar will represent India at the inauguration of Donald Trump as the 47th President of the United States on January 20.
'Pakistan has found itself in a favourable position after Operation Sindoor by appreciating the mediation as claimed by Trump and recommending him for the Nobel Peace Prize.'
Brent crude oil prices can touch $150 a barrel (bbl) - up a whopping 103 per cent from the current levels - in the worst-case scenario if the Israel-Iran geopolitical tensions escalate, suggest analysts.
At the end of the day, for many worldwide, the ongoing mutual attacks between Israel and Iran would seem a contest devoid of any moral high ground and only a bout between two ordinary adversaries, one that nevertheless risks spinning out of control into a larger conflagration, notes Shyam G Menon.
'The background for the Saudi-Pakistan agreement is the fact that the regional security order has collapsed due to the Israeli attack on Doha.' 'The Americans have largely abandoned their security guarantee for West Asia and the region has no choice but to look at alternatives.'
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.
Israel Defence Forces spokesperson Brigadier General Effie Defrin on Saturday claimed that the Israeli Air Force has achieved aerial freedom of action over Tehran, which is 'no longer immune'.
As India and China continue to face off across the Himalayas six decades later, the echoes of that earlier conflict remain unmistakable. The core of China's sensitivity lies not in maps or mountain passes, but in its perception of sovereignty over Tibet, points out Dr Kumar.
An inconclusive end to this war will pose high risk for Netanyahu of a cascading demand for a regime change in Israel, predicts Ambassador M K Bhadrakumar.
India also advised its citizens to avoid all non-essential travel to Iran.
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.
India has sought a long-term solution that addresses legitimate concerns of all parties in the region.
'New Delhi is not naive about its foreign policy choices.'
Pakistan's Ambassador to the US, Rizwan Saeed Sheikh, has urged President Donald Trump to help ease tensions with India, highlighting the Kashmir issue as a "flash point" in nuclear terms. He believes that the US should take a more comprehensive and sustained approach to address the situation rather than just immediate de-escalatory measures.
Congress general secretary, communications, Jairam Ramesh said the G7 Summit of the presidents of the US and France; the prime ministers of the UK, Japan, Italy and Canada; and the Chancellor of Germany is taking place in Kananaskis in Alberta, Canada, from June 15.
Trump has a major decision to take in coming days -- specifically, how to rescue Israel from the attritional war that lies ahead, points out Ambassador M K Bhadrakumar.
Foreign portfolio investors (FPIs) have withdrawn Rs 25,305 crore from domestic markets since September. FPIs were net sellers in the first two months of 2023, but from March to August, they purchased equities worth Rs 1.7 trillion. This selling trend has caused the National Stock Exchange Nifty Index to decline by 3.2 per cent from its September highs. FPI selling initially began in September as profit-taking but intensified due to rising US bond yields and uncertainty regarding the rate hike trajectory.
Amid escalating tensions between Israel and Iran, US President Donald Trump on Monday urged civilians to 'immediately evacuate Tehran', shortly after which the White House announced he would be departing the G7 summit early to 'attend to many important matters'.
She has also demanded security from the JNU citing safety concerns, after her personal details were allegedly leaked by a university official.
The government has no say in where the country's refiners source oil from because these are commercial transactions.
Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October-December) of 2024 - up nearly 10 per cent from current levels, suggest analysts at JP Morgan. The main players in West Asia, including Saudi Arabia and the UAE, have a strong incentive to keep the conflict contained, according to the JP Morgan report.
'We share concerns regarding terrorism, violence and loss of civilian lives. We agree on the need for early restoration of peace and stability and facilitating humanitarian assistance'
It is learnt that Ottawa is yet to send an invitation to the Indian prime minister for the summit, but Modi, in any way, would have skipped it as such a visit would have required a lot of groundwork considering the current state of ties between the two sides, said the people cited above.
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.
The Reserve Bank of India's (RBI's) interest rate decision, West Asia conflict and trading activity of foreign investors are the key factors that will dictate investors' sentiment in the market this week, analysts said. Moreover, quarterly earnings from IT bellwether TCS, domestic macroeconomic data and movement in global oil benchmark Brent crude would also guide trends in the market. Worsening tensions in the Middle East and foreign fund outflows were the major culprits behind the equity markets sharp fall last week.
Prime Minister Narendra Modi on Friday said he will be attending the G7 Summit later this month in Canada and that he looked forward to meeting his newly elected Canadian counterpart Mark Carney.
'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'
The BRICS nations condemned the Pahalgam terror attack, advocated for a zero-tolerance approach to terrorism, and criticized rising tariffs during their summit in Rio de Janeiro. They also addressed global challenges and called for reforms in international institutions.
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
In his media statement following talks with his Croatian counterpart Andrej Plenkovic, Modi said both leaders agree that "terrorism is an enemy of humanity" and is inimical to forces that believe in democracy.
With the fight now having been taken to the seizure of nuclear plants, it is one more warning to Europe that this prolonged war could end up with disastrous consequences, observes Rashme Sehgal
From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.
Analysts expect Nifty to rise up by to 6 per cent in six months, with intermittent corrections likely due to global factors.
Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.
Leaders of Pakistan, Turkey and Azerbaijan agreed to strengthen their ties for the mutual benefit of their peoples, as well as for regional peace and prosperity. The understanding was reached at the Pakistan-Turkey-Azerbaijan trilateral summit in Lachin, Azerbaijan, attended by Prime Minister Shehbaz Sharif alongside presidents Recep Tayyip Erdogan and Ilham Aliyev. Azerbaijan announced a USD 2 billion investment in Pakistan's economy. Turkey expressed support for the ceasefire between Pakistan and India and hopes that it evolves into permanent peace.
Many students are now looking at opportunities in the UK, Australia, and Singapore due to lower cost of living and less interference from the government.
'And this will persist given the two-and-a-half-front threat we face.'
US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
'With the US having entered the war, raising the risks of a wider conflict, those impacts could be even more damaging.'
