INDIA IRAN RELATIONS
Israel votes tomorrow: What’s at stake for India as Bibi faces tough fight
Israel's elections on October 27 will significantly affect the country's relationship with India. More than just political outcomes, defense and trade agreements will be critical in bilateral ties. India aims to maintain cooperation regardless of the election's outcomes or the new leadership in Israel. The balance between Israel and Iran remains essential for India's regional strategy and economic interests.
Silver prices are tarnished but not forgotten. Why HSBC thinks gains in white metal may be limited?
Silver prices have plunged nearly 60% from their January record high, but HSBC expects limited gains ahead. The bank sees prices consolidating and edging higher in 2027, supported by gold, while rising mine output, recycling supply, weaker industrial demand, a firm US dollar and elevated yields could cap rallies.
FPIs withdraw Rs 48,056 cr from equities in Oct so far amid elevated crude oil prices
Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation in selling with two days of net buying. The overall FPI outflows from equities in 2026 have reached notable levels compared to previous years. Market participants are closely monitoring upcoming macroeconomic developments including US GDP data.
Saudi issues 'potential danger' warning for Mecca, Jeddah
Saudi Arabia's civil defence agency issued warnings of potential danger for several western provinces including Mecca. The alerts concerned major cities like Jeddah, Taif, and Yanbu and were quickly rescinded. Residents were advised to seek safety as Yemeni Houthis targeted the kingdom's infrastructure in recent conflicts. Interceptions of ballistic missiles aimed at Taif and Yanbu were reported on the same day.
Iran's top negotiator Ghalibaf cancels India visit for BRICS Parliamentary forum
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has cancelled his attendance at the upcoming BRICS Parliamentary Forum. The Iranian Embassy in New Delhi cited unforeseen circumstances for his absence from the event. An Iranian parliamentary delegation will still participate in the two-day forum scheduled for late October. Ghalibaf's role in ongoing negotiations related to Iran's regional conflicts is significant.
Oil Price Today (October 23): Crude oil ticks over $114, jumps nearly 8% this week as energy attacks intensify. What are experts saying?
Brent crude futures rose 50 cents, or 0.45%, to $114.02 a barrel, while US West Texas Intermediate (WTI) crude gained 40 cents, or 0.42%, to $100.
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Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
Netanyahu invites PM Modi to light torch together with Indian pilot Smit Machchhar on Israel's Independence Day
Israeli Prime Minister Benjamin Netanyahu has invited Indian Prime Minister Narendra Modi to participate in Independence Day celebrations. Modi expressed gratitude for the invitation and acknowledged the cooperation between India and Israel on terrorism. Both leaders emphasized the importance of their long-standing relationship over the years. Netanyahu shared this conversation on social media to highlight their collaboration.
China-Europe rail and India’s long road to Eurasia
India is focusing on connectivity initiatives such as the International North-South Transport Corridor and the IMEC. Geopolitical tensions have challenged India's ambitions to establish reliable connectivity with Europe. In contrast, the China-Europe freight network significantly expands trade routes across Eurasia. The expansion provides multiple routes and helps mitigate disruptions in maritime transport. A shift in India-China relations may further enhance India's connectivity options with Eurasian markets.
BCGCL starts construction work on Rs 25,000 cr gasification project, Rs 15k cr work awarded
Bharat Coal Gasification and Chemicals Ltd has begun construction for a significant coal gasification project in Odisha. The project involves an investment of Rs 25,000 crore, aimed at producing technical grade ammonium nitrate. Most tenders have been awarded, with Rs 15,000 crore worth of contracts already distributed. Major work is divided between BHEL and Larsen & Toubro for specific project packages.
US sanctions have India cornered. BRICS charts an escape route
US sanctions have significant implications on international trade, especially concerning countries like India. As BRICS countries explore alternative payment systems, the renminbi could become an attractive option. This change might reduce reliance on the US dollar and offer nations more strategic autonomy. The recent discussions emphasize the importance of cross-border interoperability and local-currency settlements among BRICS members. These developments highlight a potential shift in global economic power dynamics.
Here’s why Marco Rubio is visiting Jamnagar, the small Indian city with world’s largest oil-refining complex
U.S. Secretary of State Marco Rubio is visiting Jamnagar, India, to discuss energy cooperation with Reliance Industries. His discussions will focus on processing Venezuelan oil amid ongoing international energy challenges. The Jamnagar refinery has significant capacity and could help stabilize global supply chains. Rubio's meeting with Mukesh Ambani highlights the strategic energy ties between the U.S. and India.
Gulf situation a matter of deep concern: EAM Jaishankar in talks with UAE peer
S Jaishankar met with Sheikh Abdullah bin Zayed Al Nahyan to discuss the concerning situation in West Asia. They discussed potential US actions against Iran and the Houthi attacks in Saudi Arabia. Jaishankar expressed India's commitment to promoting dialogue and diplomacy in the region. The two leaders highlighted the successful Comprehensive Economic Partnership Agreement between India and the UAE.
Marco Rubio to to commence three-day visit to India, calls India key ally, says its Russian energy purchases need to be understood
Marco Rubio's visit to Mumbai includes discussions on the pending US-India trade deal and bilateral relations. He will meet External Affairs Minister S Jaishankar to address economic cooperation and regional stability. After paying tribute to terror victims, he will attend the Freedom 250 Reception celebrating diplomatic ties between the nations. Following Mumbai, Rubio will travel to Jamnagar to engage further in energy discussions.
Tread carefully on trade: India must hold its ground as Trump’s tariff stick loses its bite
India is navigating complex trade negotiations with the United States, focusing on tariffs and energy imports. Though a trade deal is pending, India prioritizes solid assurances to protect its interests. Indian exports to the US have increased notably, contributing to a reduced trade deficit recently. Additionally, India seeks to maintain stable energy supplies amid fluctuating global oil dynamics.
India's Russian crude binge to continue after Trump waives new sanctions law
With a fresh sanctions waiver from the US, India is poised to sustain its current levels of Russian crude imports, having now surpassed China as the leading importer. The country's strategic embrace of discounted Russian oil has transformed its energy cost framework and prompted a rethink of crude sourcing tactics. Analysts anticipate that this trend will have lasting effects on India's import profile and overall economic dynamics.
US very close to finalising trade deal with India, says Marco Rubio
US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.
'Looking forward to representing India': Defence Minister Rajnath Singh leaves for Tajikistan for SCO meet
Defence Minister Rajnath Singh is traveling to Dushanbe, Tajikistan, for the SCO Heads of Government meeting. The meeting will focus on various cooperative initiatives, including culture, economy, and innovation. India aims to strengthen ties with other SCO members through this engagement. Last year's CHG meeting was hosted in Moscow with S Jaishankar representing India. Pakistan will host the next SCO Summit in 2027 and will invite India.
Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Here’s why
Brent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texas Intermediate crude declined 53 cents, or 0.52%, to $100.88 a barrel.
FPIs pull out Rs 52,100 cr from equities in Oct so far amid global headwinds
Foreign portfolio investors have withdrawn Rs 52,100 crore from Indian equities as of October this year. This follows a net withdrawal of Rs 35,861 crore in September, indicating ongoing financial retreat. Elevated crude oil prices, higher US bond yields, and a stronger dollar have affected investor sentiment. Despite temporary buying by foreign investors on October 16, selling in certain sectors continues.
Can Nifty, Sensex rally further or will bears reign in? 5 factors to steer market this week
Sensex and Nifty extended gains for a second straight session on Friday, led by IT stocks, which rose for a fourth consecutive session, along with buying in auto, metal and PSU banking stocks. Nifty’s recovery could continue as long as it holds above the crucial 22,750–22,800 support zone.
Marco Rubio says Trump to take up to 60 days to weigh Russia sanctions
US President Donald Trump announced a temporary waiver of sanctions and tariffs on Russian exports. Secretary of State Marco Rubio stated a 60-day review period for assessing economic impacts is underway. This decision comes amid rising energy prices resulting from the ongoing conflict in Iran. Critics, including Ukrainian President Volodymyr Zelenskiy, argue this may empower Russian President Vladimir Putin further.
Rubio leaves for India visit, says aims to secure 'economic opportunities'
US Secretary of State Marco Rubio is traveling to Uzbekistan and India to enhance economic cooperation. His visit aims to address energy needs and promote bilateral ties between the two countries. Meetings with senior officials and business leaders will focus on investment opportunities and emerging technologies. Additionally, discussions will include strategic partnerships and global dynamics affecting both nations.
Trump looks to rein in fuel prices ahead of midterms; waives threat of 100% tariffs on India over Russian oil, citing ‘national interest’ as US inks diesel pact with Moscow
US President Donald Trump has waived fresh sanctions and duties on Russian energy exports under a new law, citing national interest and easing concerns over potential tariffs of up to 100% on major buyers, including India. The move comes as India continues to rely on Russian crude and explores long-term LNG supplies, while New Delhi and Moscow seek to expand cooperation across oil, gas, mining and steel.
US' Russia sanction waiver a relief for India's exporters, energy security: Experts
The waiver of sanctions under the Sanctioning Russia and Iran Act provides relief for India's energy security. Experts believe that continued access to Russian crude will support economic growth and ease inflationary pressures. While the waiver offers temporary relief, uncertainty remains regarding future contracts and investments. Trade organizations express hope for improving bilateral trade relations and advancing discussions between India and the US.
'Getting paid by Putin': Democrats criticise Trump's waiver of sanctions under Lindsey Graham Act
US lawmakers and critics have condemned President Donald Trump’s decision to waive key Russia sanctions and tariff provisions under the Lindsey Graham Act, accusing him of siding with Vladimir Putin and betraying Ukraine. The move comes amid a Russian diesel supply deal, rising US fuel prices and India’s concerns over potential tariffs.
Mohammed bin Salman faces most consequential test yet as Saudi Arabia comes under Houthi fire
Mohammed bin Salman is currently grappling with increasing Houthi attacks that threaten Saudi infrastructure and international stability. The Crown Prince's appeals for support from the United States have not succeeded in securing intervention. Increased tensions have led to major airlines suspending flights to Saudi Arabia, impacting travel plans. Efforts to forge alliances with Pakistan and Turkey have yielded limited results in countering the Houthi threat.
'Trump may Finalise Russia Sanctions Law in 10 Days': Sergio Gor
US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.
India continues to advocate for stability in global energy market as US announces diesel deal with Russia
India's Ministry of External Affairs has reiterated its call for stability in global energy markets. Concerns were communicated to the US regarding the Sanctioning Russia and Iran Act of 2026. The legislation allows the US to impose tariffs on nations purchasing Russian energy under specific conditions. Additionally, the US announced a significant diesel deal with Russia, which could impact global energy dynamics.
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