ECONOMIC SECURITY
"Why has Rahul Gandhi not visited victims of Kallakurichi liquor tragedy?" BJP on LoP's Hathras visit
Rahul Gandhi, the Leader of Opposition, visited Hathras to meet the grieving families affected by the recent stampede. The Bharatiya Janata Party (BJP) criticized the Congress MP for not visiting the families of victims in the Kallakurichi illicit liquor tragedy in Tamil Nadu. At least 121 devotees lost their lives in a stampede during a religious 'Satsang' event of self-styled godman Suraj Pal alias 'Bhole Baba' in Fulari village, Uttar Pradesh's Hathras, on Tuesday.
SCO Summit adopts 25 strategic documents in energy, security & trade
The 24th SCO summit concluded with the adoption of the Astana Declaration and approval of 25 strategic documents. Member states emphasized the organization's role in global peace and security. Resolutions covered areas such as terrorism, energy cooperation, and environmental protection.
Germany stops planned sale of Volkswagen's gas turbine business to China
Germany's cabinet blocked the sale of MAN Energy Solutions' gas turbine business to a Chinese company for security reasons amid EU-China trade tensions. Concerns over national security implications led to the decision, with fears that China could use the turbines for military purposes. Both Germany and the EU aim to reduce risks from economic ties with Beijing. China opposes the politicization of business cooperation and hopes for a fair business environment.
Allies inducted in several Cabinet committees
The BJP-led NDA government established Cabinet committees and included allies in the critical panel on economic affairs, which convenes more frequently. The government also renamed the Cabinet Committee on Skill and Employment to include 'Livelihood'.
US deepening its relationship with India in several areas, says official
Patel said that he imagines there will be a number of additional areas where the two countries could continue to deepen cooperation. "National Security Adviser Sullivan just had a visit to Delhi a number of weeks ago as well," he said.
Rahul Gandhi enjoyed power without responsibility till now: Anurag Thakur in Lok Sabha
While congratulating Rahul Gandhi on becoming the Leader of Opposition, Anurag Thakur said the Congress leader now has power with responsibility and "absentee landlordism will not work". For the last many years, Gandhi was enjoying power without responsibility, Thakur said and asserted that it was an "agnipariksha" for the Congress leader now.
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What is Azm-e-Istehkam, Pakistan's new military operation tasked to take on TTP and other militant groups
Pakistan’s leadership approved a new military operation, Azm-e-Istehkam (Resolve for Stability), to combat rising violence and terrorism. Following Prime Minister Shehbaz Sharif’s review of counterterrorism efforts, the operation targets domestic security threats and cross-border fighters from Afghanistan. The initiative includes socioeconomic measures to reduce extremism and aims to strengthen legal support for prosecuting terrorists. The plan addresses increased violence, potential cross-border tensions, and Chinese concerns about infrastructure security.
In China's backyard, America has become a humbler superpower
Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for the century to come: the Asia-Pacific.
G7 tackles migration, economy & more, but differs on abortion
Leaders of the G7 nations focused on artificial intelligence, economic security, and migration during their summit in Italy, addressing major global challenges like financial support for Ukraine and climate change.
China ready to work with New Zealand to upgrade ties as Chinese Premier Li visits Wellington
New Zealand has in recent years taken a less assertive line with Beijing on security matters than its Western partners in the Five Eyes intelligence sharing partnership and has sought a consistent foreign policy approach to Beijing that spans political parties and administrations. But Luxon told reporters Monday that there were areas where, in talks with Li, Wellington would "call out our differences and discuss those openly, too."
Learn with ETMarkets: How inflation impacts INR & what currency traders should do?
The Indian Rupee (INR) is influenced by global economic trends, inflation, recession fears, and geopolitical tensions. Traders should monitor inflation, anticipate capital flows, and use hedging strategies in the forex market.
Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential
While the 4 June crash eroded investor wealth, it may have eased stretched valuations. Experts believe the BJP-NDA government’s economic agenda will largely remain unchanged, though some priorities will be adjusted. Even before the election-induced jolts, the markets had been witnessing volatility. To counter the near-term shocks, invest in companies that have shown stability in the past.
Amid run-ins with Philippines, China says US provoking arms race in South China Sea
"At present, the biggest security challenge in the South China Sea comes from outside the region," Chinese Vice Foreign Minister Sun Weidong said in comments published by his ministry, after attending a meeting on East Asian cooperation in Laos.
3 stocks Viral Shah is bullish on from NBFC sector
I think a lot of analysts and investors have kind of built this in in their numbers and the impact is going to be actually gradual. Given that these are two-three years fixed rate loans, so the impact is always on an incremental basis. So, it will take two to three years for it to play out fully in terms of the financials. And the quantum of it also would vary. If it is a 50 or 100 base points kind of a rate cut, in the kind of the construct of the ROAs that MFIs make, it should be easily digestible.
Rs 15,000 crore gone! Check out 3 reasons why a weaker Modi 3.0 still won't scare FIIs
Around Rs 15,000 crore has been withdrawn by FIIs from India in the last four days amid election uncertainties, causing concern on Dalal Street about the impact of a weaker Modi 3.0 mandate on further outflows.
Pakistan PM Shehbaz Sharif in Beijing for talks with President Xi to seek more investments, elevate ties
Visiting Pakistan Prime Minister Shehbaz Sharif has reached Beijing for talks with Chinese President Xi Jinping and other leaders to elevate all-weather bilateral ties and prospects of more aid and investments to bail out his cash-strapped country from the current economic crisis. Sharif, on a five-day official visit to China since June 4, toured the southern high-tech city of Shenzhen on Wednesday and addressed the investors meeting.
Sebi forms committee to review ownership, economic structure of clearing corporations
Sebi forms committee chaired by Usha Thorat to review ownership and economic structure of clearing corporations for resilience and neutrality.
Likely Modi win to boost Indian infrastructure, manufacturing stocks
Indian shares set to open higher on Monday as exit polls project third term for PM Narendra Modi. Gift Nifty at 23,353 points, indicating Nifty 50 to open higher. Market sentiment boosted by exit polls favoring incumbent government.
Stock Radar: Up 40% from March lows! V-shaped recovery pushes FMCG scrip to fresh 52-week high in May
Shares of FMCG major Emami hit a high of Rs 588 on January 1, 2024, but failed to hold the momentum on daily charts. The scrip witnessed a steep fall toward 400 levels and quickly bounced back. Short-term traders can look to buy the stock now for a target of Rs 725 over the next 1-2 months, advise experts.
Learn with ETMarkets: What do global economic trends, and their implications mean to gold, currency markets?
The Indian rupee tends to weaken during such times due to increased risk aversion and capital outflows. A weaker rupee makes gold and silver more expensive in the domestic market, potentially leading to profit booking and increased liquidity among investors.
Economists project continued economic momentum and stability after India reports robust GDP growth in Q4
India's economy experienced a 7.8% growth rate in the January-March quarter, surpassing expectations due to strong performance in the manufacturing sector. The GDP growth in the fourth quarter of FY24 was slightly lower than the revised 8.6% growth in the previous quarter. Economists are optimistic about sustained momentum throughout the year, with the gap between GDP and gross value added (GVA) expected to normalize from the second quarter of FY25.
India's fast economic growth lays firm ground for next government
India's economy grew at a faster-than-expected 7.8% year-on-year in the first three months of 2024, driven by strong performance in the manufacturing sector. This growth pace is expected to support Prime Minister Narendra Modi's economic record, who is hoping to win a rare third term in the national election. The Reserve Bank of India's record surplus transfer of 2.11 trillion rupees ($25.3 billion) will help the next government increase state spending to boost growth.
Rupee falls on month-end dollar demand; election results in focus
The Indian rupee declined on Friday, pressured by month-end dollar demand from importers, with investors awaiting the outcome of the country's general elections for fresh cues.
Average air ticket prices spike 9 pc in Jan-March period: FCM Travel
International air capacity has also increased 14 per cent due to India's growing aviation sector, Sodhi said, adding that average international airfares have softened 15 per cent, which is a general global trend of yields decreasing across airfares.
Pakistan's PM Shehbaz Sharif says 1998 nuclear tests ensured 'credible minimum deterrence'
Prime Minister Shehbaz Sharif commemorated the 26th anniversary of Pakistan's first successful nuclear tests, highlighting the nation's journey towards credible minimum deterrence. Pakistan conducted six tests on May 28, 1998, in response to India's tests, becoming the seventh nuclear nation and the first Muslim state with nuclear capabilities. Designated as Youm-e-Takbeer, the day was declared a public holiday.
Nifty Bank at 3-week high; 50K in sight but it requires to close above 49,600: Experts
On Monday, the Nifty Bank index continued its outperformance, marking its third consecutive day of gains. The banking index surged by 310 points, closing at 49,281. In contrast, the Nifty50 witnessed a slight decline of 24 points, closing below the 23,000 mark.
National security has become crucial to many economic transactions: Jaishankar
Rooting for multipolarity and the role of India, the minister said, "The transformation of India is critical to strengthening multipolarity in Asia itself, a prerequisite for a multipolar world. India's growing weight will ensure that the overall balance in the world order remains in favour of freedom, openness, transparency and a rules-based order."
India's progress would have been faster, if borders were more secure, says NSA Doval
Delivering the Rustamji Memorial Lecture organised by the BSF on its 21st investiture ceremony, he said, "In the foreseeable future, I don't think our borders are going to be as secure as we will require for our fast economic growth. So, the responsibility on border guarding forces has become very, very heavy. They have got to remain on alert 24X7 in perpetuity. They have got to see that our national interests and country are protected."
NSA Doval suggests jointness among central armed police forces
India's National Security Advisor Ajit Doval has said that the country's economic progress would have been faster if its borders had been more secure and defined. Doval highlighted that the country's power has grown immensely in the last decade, and that border guarding forces must remain on alert 24/7 to protect national interests and the country. He also highlighted the importance of borders as they define sovereignty.
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