INDIA
Lahore's Air Defence system neutralised: India strikes back after Pakistan tried to hit military targets on May 7-8 night
On the night of May 7–8, 2025, Pakistan launched drone and missile attacks targeting multiple Indian military sites across Northern and Western India, including cities like Srinagar, Jammu, Amritsar, and Chandigarh. These attacks were successfully intercepted and neutralized by India's Integrated Counter-UAS Grid and Air Defence systems, with debris confirming Pakistan’s involvement
India rupee, shares, bonds weaken after India says it 'neutralised' attempts to engage military targets
The Indian rupee, equities, and bonds experienced a downturn following India's announcement of neutralizing Pakistan's attempts to engage military targets. This escalation of border tensions led to the rupee dropping to 85.59 per dollar, bond yields rising, and the NSE Nifty 50 and BSE Sensex slipping. Market volatility has increased since the attacks in Kashmir.
Indus Waters Treaty: India opens two gates at Baglihar Dam on Chenab river days after shutting them
On Thursday, the Indian government reopened two gates at the Baglihar Hydroelectric Power Project Dam on the Chenab River in Ramban, after previously closing all gates to regulate water flow to Pakistan. This action follows India’s military and diplomatic measures against Pakistan in response to the April 22 Pahalgam attack, which killed 26 people.
'If I can do anything to help, I will be there': President Trump on tensions between India, Pak
President Trump addressed the escalating tensions between India and Pakistan, urging both nations to cease their "tit for tat" actions. Following Indian military strikes in Pakistan-occupied Kashmir and Pakistan's Punjab province, and retaliatory shelling by Pakistan along the LoC, Trump offered US assistance to help resolve the conflict.
UK-India FTA to benefit many sectors; FIIs returning to India & will maintain momentum: Sudip Bandyopadhyay
Inditrade Capital's Group Chairman, Sudip Bandyopadhyay, highlights the UK-India FTA's potential benefits for various industries, overshadowing any US Fed policy concerns. He notes the return of Foreign Institutional Investors (FIIs) to India, anticipating continued momentum. Bandyopadhyay also points out Paytm's profitability, despite a one-time expense, and the excitement surrounding potential MDR on UPI payments.
Cheaper chocolates, cosmetics, soft drinks from UK no threat to India’s local industry
India's Free Trade Agreement (FTA) with the UK will reduce tariffs on various products including cosmetics, soft drinks, and chocolates, though officials expect no significant surge in these imports that would harm domestic industry. Scotch whisky imports are likely to grow, as tariffs will be reduced from 150% to 75% immediately and to 40% over ten years.
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India's appeal for investors dimmed but not derailed by conflict with Pakistan
Despite escalating tensions between India and Pakistan, analysts believe the impact on India's appeal to foreign investors will be limited. India's strong domestic consumption, dovish monetary policy, and focus on trade deals with countries like the UK and the U.S. are expected to sustain investor confidence.
Coal India shares rally 3% after Q4 results. Should you buy, sell or hold?
Coal India shares: Coal India's shares saw a rise after reporting a 12% YoY increase in net profit for Q4FY25, reaching Rs 9,593 crore, despite a slight dip in revenue. Production experienced a marginal decrease, but offtake remained steady, indicating stable demand. Brokerages have mixed opinions, with Motilal Oswal suggesting a 'Buy' and Nuvama recommending a 'Hold'.
India Airports closed: Air India, IndiGo, SpiceJet cancel flights; Here is list of 21 airports affected after India strikes Pakistan
India airport closed List: Following missile strikes by Indian armed forces on terror targets in Pakistan and Pakistan-occupied Kashmir under Operation Sindoor, over 300 flights were cancelled. At least 18 airports, including Srinagar, Leh, Jammu, and Amritsar, were temporarily shut down, causing significant disruptions. Airlines like IndiGo, Air India, and SpiceJet suspended services, advising passengers to check their flight status due to airspace restrictions.
Meta blocks access to Muslim news page in India
Meta has banned a prominent Muslim news page on Instagram in India at the government's request, the account's founder said Wednesday, denouncing the move as "censorship" as hostilities escalate between India and Pakistan. The @Muslim account is among the most followed Muslim news sources on Instagram.
India embarks on diplomatic blitz
Following Operation Sindoor, India initiated diplomatic outreach, engaging with key global powers including the UNSC permanent members, Saudi Arabia, UAE, and Japan. NSA Ajit Doval communicated with counterparts, emphasizing India's measured response and lack of intent to escalate, while preparing for potential Pakistani retaliation. The international response was largely positive, with briefings provided to envoys and UN Security Committee members.
India opens govt procurement sector for UK firms under FTA
India expands trade opportunities for British firms. The move follows a free trade agreement. British companies can now bid on Indian government contracts. This access applies to central-level entities. State and local government contracts are excluded. The agreement includes provisions for 'Make in India' and supports small businesses. Concerns arise about competition with Indian MSMEs.
India, UK FTA: No duty concessions on British dairy products, apples, cheese
India has finalized a free trade agreement with the UK, but it will not offer import duty concessions on sensitive agricultural products like dairy, apples, and cheese. This decision aims to protect Indian farmers' livelihoods, aligning with India's approach in other trade agreements, including the EFTA pact where similar concessions were withheld.
India's appeal for investors dimmed but not derailed by conflict with Pakistan
Recent India-Pakistan tensions might affect foreign investment. However, analysts believe the impact will be limited. India's economy has little direct trade with Pakistan. Past conflicts had short-lived effects on Indian assets. Focus remains on trade deals, like the one with the U.K. and ongoing talks with the U.S. These deals and central bank policies will shape India's growth.
Coal India Q4 Results: Profit rises 12% YoY to Rs 9,593 crore; Co declares Rs 5.15 per share as final dividend for FY25
Coal India Q4 Results: State-owned Coal India on Wednesday reported 12% growth in its consolidated net profit at Rs 9,593 crore in the fourth quarter, compared with Rs 8,530 crore in the last year quarter.
No duty cuts by India on diamond, silver, smartphones, optical fibres to UK under FTA
India and UK have signed a free trade agreement. India will not reduce duties on some industrial goods like diamonds and smartphones. There will be limited duty concessions for petrol, diesel, and electric vehicles. The aim is to double trade by 2030. Tariffs on automotive imports will decrease. This deal should help Indian auto component makers and consumers.
Operation Sindoor: Pakistan a 'safe haven' for terrorists, more attacks on India were planned, says MEA
Operation Sindoor Indian Army Press Conference: India launched Operation Sindoor, a series of targeted military strikes on terror-linked sites in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK), in response to the April 22 terror attack in Pahalgam that killed 26 civilians, including tourists and a Navy officer. The Indian government said the attack was carried out by a Pakistani national associated with Lashkar-e-Taiba.
Operation Sindoor: India avenges Pahalgam attack with strikes against Pakistan; here's what happened overnight
India Air Strike Operation Sindoor: In a swift retaliatory move, India launched Operation Sindoor, striking nine terror hubs in Pakistan and PoK following the Pahalgam attack. The precision strikes, utilizing Rafale jets and SCALP missiles, targeted Jaish-e-Mohammed and Lashkar-e-Taiba bases. Pakistan responded with artillery fire, escalating tensions along the LoC, while global reactions varied, with the US expressing concern and Israel offering support.
Britain-India FTA can show the way
Britain and India have solidified their partnership with a landmark FTA, symbolizing a commitment to shared democratic values and a vision for future collaboration. This agreement unlocks opportunities across technology, education, and clean energy sectors, sending a powerful message of unity amidst global challenges.
India-Pakistan conflict: China 'regrets military actions' by India, says it is concerned after Operation Sindoor
India-Pakistan conflict: China expressed "regret" over India's strikes on terror camps in Pakistan and PoK after 26 civilians were killed in Pahalgam. Beijing urged both India and Pakistan to remain calm, avoid escalation, and prioritise peace and stability amid rising tensions. It said it was concerned about the current developments.
France urges 'restraint' in India, Pakistan clashes
France on Wednesday called on India and Pakistan to show restraint as the worst violence in two decades flared between the two nuclear-armed neighbours. "We understand India's desire to protect itself against the scourge of terrorism, but we obviously call on both India and Pakistan to exercise restraint to avoid escalation and, of course, to protect civilians," Foreign Minister Jean-Noel Barrot, said in an interview on TF1 television.
'Picture abhi baki hai': Former Indian Army chief Naravane as India strikes Pakistan. Is more attacks being planned?
India executed a targeted military strike across the LoC following a terror attack in Pahalgam. The strike aimed at camps linked to the suspected attackers. The Army reported precision targeting with no Indian casualties. Pakistan denied the strike, calling it a false claim. Experts see this as a continuation of India's response policy to cross-border attacks.
India-UK FTA: A gold standard for future trade agreements
India’s FTA with the UK will be a gold standard for its future trade deals, New Delhi has said.
Operation Sindoor: Air India diverts international flight routes after India launches targeted strikes in Pakistan
Air India diverted two Amritsar-bound international flights to Delhi amidst widespread air traffic disruptions following India's military operation, "Operation Sindoor," targeting terror camps in Pakistan-occupied Kashmir. IndiGo and SpiceJet issued advisories warning of potential delays and cancellations for flights to several North Indian airports.
India-UK FTA to push trade to $100 billion by 2030, says India Inc; FMCG, healthcare to gain
The India-UK Free Trade Agreement is set to boost trade. India Inc anticipates bilateral trade to reach $100 billion by 2030. The deal is expected to strengthen strategic ties. Sectors like FMCG and healthcare will likely benefit. Industry groups report their demands were largely met. Ficci highlights market access and social security considerations.
Moody's cuts India growth forecast for 2025 to 6.3%
Moody's has reduced India's economic growth prediction for 2025 to 6.3 percent. This revision is due to policy changes and trade uncertainties. Geopolitical risks, including India-Pakistan tensions, also contribute. The IMF and World Bank have also lowered their growth forecasts for India. China's and US's economic growth are also expected to slow down.
Operation Sindoor: Air India issues helpline numbers as several flights in northern India get disrupted
Air India cancelled flights to Jammu, Srinagar, and other North Indian cities. This followed rising tensions between India and Pakistan after Operation Sindoor. Several airports in northern India closed. SpiceJet also reported flight disruptions. Qatar Airways suspended flights to Pakistan. Operation Sindoor was in response to the Pahalgam terror attack. Passengers are advised to check flight status for updates.
Pakistan misguiding & manipulating OIC: India
India has strongly criticized the Organization of Islamic Cooperation (OIC) for issuing a statement on Kashmir terror attacks, asserting that Pakistan manipulated the group. The Ministry of External Affairs (MEA) spokesperson rejected the OIC's interference in India's internal affairs, dismissing the statement as self-serving and failing to acknowledge cross-border linkages in the Pahalgam attack.
Can Pakistan fight India on borrowed money?
India-Pakistan tensions: Following the Pahalgam attack, India is employing economic pressure tactics against Pakistan, including potential opposition to IMF loans and suspension of the Indus Waters Treaty. These measures aim to destabilize Pakistan's economy, which is already vulnerable despite recent IMF bailouts and declining inflation. Escalating tensions could jeopardize Pakistan's macroeconomic stability and access to crucial external financing.
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