Geopolitical Tensions News
Launched to rival China’s Belt and Road Initiative, the India-Middle East-Europe Economic Corridor (IMEC) faces uncertainty as the Gaza war disrupts regional stability, stalls diplomatic engagement and threatens investor confidence in this ambitious trade and infrastructure project connecting India to Europe via the Gulf and Israel.
The 12-day conflict between Iran and Israel may have come to a halt, but its aftershocks are still being felt and that too thousands of kilometers away in India’s offices, factories and meeting rooms.
Since January 1, the price of 24-carat gold has surged by Rs 22,985 or 30.17 per cent, rising from Rs 76,162 to Rs 99,147 per 10 grams.
The estimated value of service exports during April-May has gone up to $65.24 billion as compared to $59.79 billion in the same period of the previous year.
Foreign institutional investors (FIIs) remained net sellers last week, offloading shares worth Rs 1,246 crore.
As Putin wages war in Ukraine and leans on China to survive Western sanctions, these revelations hit like a geopolitical thunderclap.
The controversy began when Pakistani media reported that Russian officials had met Pakistani counterparts to discuss industrial collaboration, particularly the creation of a steel mill in Karachi.
Following a period of consolidation, Indian equity benchmarks experienced a sharp correction amid escalating geopolitical tensions between India and Pakistan, which fueled market volatility and triggered a shift toward risk-off sentiment.
Amid ongoing conflict with Pakistan following the Pahalgam terror attack, India is pushing the FATF to grey-list Pakistan and cancel its IMF loans, citing terror links, financial misuse and urging global accountability for Islamabad.
The recovery came as easing global trade tensions, the finalisation of a free trade agreement (FTA) with the United Kingdom, and strong foreign inflows helped offset concerns stemming from rising geopolitical tensions between India and Pakistan.
The real estate sector also saw heavy losses. The Nifty Realty index declined by 3.58 per cent, led by a 6.36 per cent drop in Godrej Properties and a 4.96 per cent fall in Sobha Limited.
US benchmark West Texas Intermediate (WTI) for August delivery was up 54 cents at $105.13 at midday.
Loading...