logo
We should remain hopeful India-Pak conflict doesn't escalate: MEA official

We should remain hopeful India-Pak conflict doesn't escalate: MEA official

Prior to his interaction with the audience, Ravi addressed the event hosted by the Public Affairs Forum of India (PAFI), held in the shadow of the military flare-up between India and Pakistan
Press Trust of India New Delhi
In the backdrop of the ongoing military conflict between India and Pakistan, a senior official in the Ministry of External Affairs (MEA) on Friday said "we should remain hopeful" that the existing situation does not escalate.
Secretary (Economic Relations) in the MEA, Dammu Ravi, said this in response to a query during an event on the impact of any conflict on the economy and the resilience required in such matters, especially in view of the current scenario.
Prior to his interaction with the audience, Ravi addressed the event hosted by the Public Affairs Forum of India (PAFI), held in the shadow of the military flare-up between India and Pakistan.
"Security, development and economic growth are highly inter-linked concepts around the world. So, in a conflict situation, the industry will naturally recoil, and keep on one side and take time for the situation to improve," Ravi said.
"We should remain hopeful that the existing conflict does not escalate, and subsides," he said, without naming any country.
Till then, the industry will do what it thinks is right, which will normally be -- "not want to take risks", the MEA official said.
India on Thursday night neutralised Pakistan's attempt to hit military stations in Jammu, Pathankot, Udhampur and some other locations with missiles and drones, as tensions soared between the two countries amid fears of a wider military conflict.
Sirens and numerous explosions were reported in Akhnoor, Samba, Baramulla and Kupwara and several other places, as the Indian military carried out a massive aerial vigil along the border with Pakistan.
After the Indian military foiled the Pakistani attempts, the defence ministry said the country remains "fully prepared to defend its sovereignty and ensure the safety of its people".
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Auto stocks in focus as U.S.-China trade deal eases rare earth supply concerns
Auto stocks in focus as U.S.-China trade deal eases rare earth supply concerns

Economic Times

time7 minutes ago

  • Economic Times

Auto stocks in focus as U.S.-China trade deal eases rare earth supply concerns

Auto stocks are likely to be in the spotlight today after U.S. President Donald Trump announced a new trade agreement with China, aimed at securing a stable supply of rare earth minerals and full magnets, critical components in the automotive industry, especially for electric vehicles (EVs) and hybrid systems. ADVERTISEMENT According to the deal, a 55% tariff structure will apply to Chinese imports, while China will impose a 10% tariff on U.S. goods. The deal, which was concluded after two days of talks in London, includes a commitment from China to supply the U.S. with essential magnets and rare earths used in EV motors, batteries, sensors, and high-performance braking systems. In return, the U.S. will ease educational visa access for Chinese students. 'President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!,' Donald Trump the trade agreement signals a de-escalation in trade tensions between the world's two largest economies and is being viewed as a positive trigger for capital goods, auto, and electronics sectors earths are used in electronics, defence tools, and electric vehicles. Trump's tariff decisions had already caused chaos in global trade. Companies lost billions due to high tariffs and confusion at ports. ADVERTISEMENT Under the new agreement, China has pledged to supply rare earth elements and 'full magnets' upfront, aiming to restore access to materials essential for U.S. automotive, electronics, and defence sectors. Also read: Nifty to climb new high by Sept-Oct; bullish on 3 stocks now: Dharmesh Shah ADVERTISEMENT While the deal directly affects U.S.-China trade, India may stand to gain from reduced input volatility, better raw material access, and improved global market sentiment. For Indian automakers, it's a geopolitical tailwind for both EV growth and export competitiveness. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)

India's AI market to triple to $17 bn by 2027
India's AI market to triple to $17 bn by 2027

Hans India

time12 minutes ago

  • Hans India

India's AI market to triple to $17 bn by 2027

New Delhi: The Indian AI market is expected to grow to over USD 17 billion by 2027, more than tripling its current size, driven by increased investments in enterprise technology, a flourishing digital ecosystem, and a strong pool of skilled professionals, according to BCG. The nation makes up 16 per cent of the world's AI talent, placing it behind only the US, reflecting both its demographic advantage and strong STEM education system. Boston Consulting Group, in a report titled "India's AI Leap: BCG Perspective on Emerging Challengers", said India has a thriving AI ecosystem with over 600,000 AI professionals, 700 million internet users, and a surge of AI startups with over 2000 launched in the past three years.

Anil Ambani makes stunning comeback after 'zero' net worth, these two key Reliance companies see revival amid legal, strategic wins, they are...
Anil Ambani makes stunning comeback after 'zero' net worth, these two key Reliance companies see revival amid legal, strategic wins, they are...

India.com

time16 minutes ago

  • India.com

Anil Ambani makes stunning comeback after 'zero' net worth, these two key Reliance companies see revival amid legal, strategic wins, they are...

Anil Ambani makes stunning comeback after 'zero' net worth, these two key Reliance companies see revival amid legal, strategic wins, they are... Anil Ambani's business has seen many highs and lows over the years. Once on the verge of financial collapse, he has now made a strong comeback after two of his key companies, Reliance Infrastructure and Reliance Power, played a major role in this turnaround. Thanks to smart strategies and solid performance from both companies, there are now early signs of a potential recovery. Both stocks have shown strong growth over the past year. Reliance Power has surged by 173 per cent, while Reliance Infrastructure has gone up by 141 per cent. Major boost to Reliance Infrastructure Reliance Infrastructure has recently received a major boost after a key legal relief came when the National Company Law Appellate Tribunal (NCLAT) suspended an earlier insolvency order issued by the NCLT against the company. This decision has removed a significant roadblock in its path. The company's stock saw a sharp rise not just because of the legal win, but also due to major developments in the defence sector. Anil Ambani-led Reliance Infrastructure has become the first private Indian firm to independently manage a full-scale aircraft advancement program worth Rs. 5,000 crore, scheduled over the next 7 to 10 years. This marks a big leap into the high-value defence and aerospace space and signals strong long-term revenue potential for the company. Reliance Power Reliance Power has also made significant strides in recent weeks. Over the past month alone, its stock has surged by more than 63 per cent, climbing back to levels last seen in 2018. One of the key drivers behind this rally is a landmark deal signed by its subsidiary, Reliance New Energy Suntech. The company recently entered into a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement covers a massive 930 MW solar power project, integrated with a 465 MW / 1,860 MWh Battery Energy Storage System (BESS) the largest of its kind in Asia. The total investment for the project is estimated at Rs. 10,000 crore over the next two years. In another major relief, the Delhi High Court stayed a three-year ban imposed by SECI on RPower and its subsidiaries, allowing them to continue participating in government tenders. Additionally, in May 2025, Reliance Power raised Rs. 348.15 crore through a preferential share placement. This move has helped strengthen its balance sheet and boosted investor confidence in the company's future. From billionaire to bankrupt and now, a comeback Anil Ambani, once counted among the richest people in the world, saw his fortunes take a steep downturn over the past decade. Mounting debt, legal troubles, and a collapsing business empire brought him to a very low point. In fact, back in 2020, he famously told a UK court that his net worth was 'zero.' But recent developments show a different story that is beginning to unfold. The strong performance of Reliance Infrastructure and Reliance Power fueled by court victories, government contracts, a pivot toward green energy, and ambitions in the aerospace sector point to a carefully crafted recovery strategy. While it may be too early to call it a full-blown turnaround, the market is certainly taking notice. For Anil Ambani, this could mark the first real step back into the game he once dominated.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store