From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
The leak occurs at a particularly delicate time in US-Israel relations and is likely to infuriate Israel, which has been preparing to retaliate against Iran following a missile barrage on October 1.
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.
The IDF noted that the strikes are being conducted in response to "relentless attacks" from Iran and its proxies since October 7, adding that Israel has the "right and the duty to respond."
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
"A number of Indian IT companies that were looking at long-term investments in the region, as a second and third level investment zone, will have to now re-look plans," said Ameet Nivsarkar, vice-president for global trade and development, National Association of Software and Services Companies (Nasscom).
Chief of Defence Staff Gen Anil Chauhan on Tuesday underlined the evolving nature of warfare and said a combat has always been between humans but now the world is going to enter an era in which it may be between a machine and human being and later between machines.
Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
Cautioning that West Asia today stood at a crossroads, India Monday said largescale extra regional military presence and rising constituency of radical religious groups in the region was a matter of grave concern.
He said the security forces would ensure any infiltration attempt is thwarted.
If technical analysts are to be believed, the index has more room for a slide down to 72,000 levels in the worst-case scenario, wiping out all the gains made in 2024 so far.
Foreign portfolio investors (FPIs) have net sold domestic shares worth over $10 billion so far this month amid a shift to China, which not only offers attractive valuations compared to India but has also announced several measures to support the economy and the stock market in recent weeks. If the trend doesn't reverse, this will be the first time that overseas funds will yank out more than $10 billion from Indian equity markets in a month.
From the 30 Sensex firms, Larsen & Toubro, Reliance Industries, Axis Bank, Asian Paints, Tata Motors, Bajaj Finance, Maruti, Bajaj Finserv, Kotak Mahindra Bank, Titan, Adani Ports and HDFC Bank were the major laggards. JSW Steel emerged as the only gainer.
They said a Delhi Police Special Cell team nabbed four people from South Delhi's Mahipalpur and confiscated the consignment weighing over 602 kilograms.
From the time he left office after his loss in the 2020 presidential election to his nomination as the Republican candidate in the 2024 race, Trump continued to dominate the American news cycle and the country's psyche.
Though he does not know what New Delhi is intending to do, Berlin would "welcome any engagement", he added.
She has also demanded security from the JNU citing safety concerns, after her personal details were allegedly leaked by a university official.
Security experts discovered the new data-stealing virus dubbed Flame, which they say has lurked inside thousands of computers across West Asia for as long as five years as part of a sophisticated cyber warfare campaign.
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
'Even now, investors are not bothered about the war but are more concerned whether it will remain localised or not.' 'In case things are contained, markets can stage a bounce back in the next few days.'
Earlier in response to Iran's rocket barrage on Israel on Tuesday night the UN Chief had said, "I condemn the broadening of the Middle East conflict with escalation after escalation. This must stop. We absolutely need a ceasefire.."
The narrative on China is changing post the recent stimulus measures, and it will be hard for global investors to ignore the Chinese markets.
As Donald Trump registered a historic comeback in the US presidential election, many former Indian diplomats on Wednesday concurred that the India-US ties will "continue to grow" from strength to strength, even as some of them cautioned that Trump is "highly unpredictable" and New Delhi will have to "wait and watch" to see what position he adopts going forward.
In the ongoing saga of senior management resignations, Wipro announced on Monday that its chief technology officer (CTO) Subha Tatavarti has resigned. Her resignation will be effective from August 16, 2024. In a regulatory filing, the company said: "Subha Tatavarti, CTO, resigned from the services of the company to pursue opportunities outside Wipro."
On a five-day rolling basis, FPI selling is the highest in 24 years.
IT services firm looks at local partnerships, JVs, acquisitions to expand base in region.
India and China have made "some progress" in disengagement, External Affairs Minister S Jaishankar said on Sunday, describing it as a "welcome" move which opens up the possibility that other steps could happen.
'All competitors are sourcing within the country, so we'll be at the same level of competition.'
Management commentary on demand environment, and forward guidance will be in focus when Indian IT services players declare their September quarter results for financial year 2024-25 (Q2FY25). The industry is exepected to have continued on the path of recovery in Q2, similar to the preceding quarter, rather than sprint towards growth. The top four firms likely grew between 0 per cent and 4 per cent year-on-year (Y-o-Y), according to consensus estimates.
Snapping the two months slide, the country's merchandise exports rose marginally by 0.5 per cent to $34.58 billion in September while trade deficit narrowed to $20.78 billion. According to official data released on Wednesday, imports increased by 1.6 per cent to $55.36 billion in September compared to $54.49 billion in the year-ago period. The trade deficit, or the gap between imports and exports, was $20.8 billion during the same month last year.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'
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.
As tensions continue to rise, the Israeli public remains on high alert, bracing for the possibility of further incidents.
He also said that his country would continue to talk about the Kashmir issue "through channels that are acceptable" and prayed that "the issue is amicably resolved".
Chief of the General Staff of the Iranian Armed Forces, Mohammad Bagheri, told Press TV that the Nevatim air base, the Netzarim military facility and the Tel Nof intelligence unit, were hit in the Tuesday night attack dubbed 'Operation True Promise II'.
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