Prominent businessman Sanjay Verma shot dead in Punjab's Abohar
China has responded to Donald Trump's threat of imposing an additional 10% tariff on countries with 'anti-American policies'. The Chinese minister stated that Brics is not targeting any country and promotes openness and inclusivity. Trump had accused the six Brics nations of attempting to downplay the dollar, labelling it as anti-America. China refuted this claim, emphasising that Brics is an important platform for cooperation among emerging markets and developing countries. The minister also reiterated China's position on US tariff hikes, stating that trade wars have no winners and protectionism is detrimental.
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India Gazette
8 minutes ago
- India Gazette
Indian markets hold steady, close flat amid US tariff uncertainty
Mumbai (Maharashtra) [India], July 7 (ANI): Indian stock benchmarks closed their first day of the week with slight gains, as investors remained cautious ahead of anticipated US tariff announcements. At the end of the trading session, Nifty ticked up by 0.0012 per cent at 25,461.30. The BSE's Sensex was up by 9.61 points, reaching 83,442.50. 'Market participants appeared reluctant to take aggressive positions, keeping the broader index range-bound. The sentiment was further dampened by global uncertainty, prompting a defensive approach across key sectors,' said Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity. US President Donald Trump issued a strong warning to countries supporting what he termed were the anti-American policies of BRICS. In a social media post, Trump stated that any country aligning itself with the 'Anti-American policies of BRICS' will face an additional 10 per cent tariff on goods. 'There will be no exceptions to this policy,' Trump wrote, adding, 'Thank you for your attention to this matter!' Additionally, India and the US have been negotiating over a Bilateral Trade Agreement (BTA) before the critical July 9 deadline of the 90-day pause on tariff escalations. Among the index constituents, Hindustan Unilever, Tata Consumer Products and Nestle India emerged as the top gainers, while BEL and Tech Mahindra were the major losers. On the sectoral front, the Nifty FMCG and Nifty Oil and Gas Index closed in the green zone, while the Nifty Media and Nifty IT indices ended the day in the negative zone. 'The momentum indicators in the smaller time frames are rising from the oversold region, indicating a potential upside from the current level,' said Praveen Dwarakanath, Vice President of 'The index can be volatile owing to the tariff-related news and the expiry of 10th July; however, a dip in the index can be used as an opportunity to go long,' he added. Experts believe markets to remain in range bound till a clear picture of the US tariff comes out. (ANI)
India Gazette
9 minutes ago
- India Gazette
"India needs to act prudently," China crticises PM Modi's wishes for Dalai Lama's birthday
Beijing [China], July 7 (ANI): China on Monday lodged a protest against Indian Prime Minister Narendra Modi's greetings to the Dalai Lama on his 90th birthday, warning New Delhi against interfering in its internal affairs, Global Times reported. On July 6, Prime Minister Modi sent greetings to the Dalai Lama, while the Minister of Parliamentary Affairs, Kiren Rijiju attended the celebration on behalf of the Indian government. Responding to the development, Chinese Foreign Ministry spokesperson Mao Ning said, 'The position of the Chinese government on Xizang-related issues is consistent and clear. As is widely known, the 14th Dalai Lama is a political exile who has long engaged in anti-China separatist activities and seeks to separate Xizang from China under the cloak of religion.' Mao added, 'India needs to be fully cognizant of the sensitivity of issues related to Xizang, see clearly the anti-China and separatist nature of the 14th Dalai Lama, honor the commitments India has made to China on issues related to Xizang, act prudently, and stop using those issues to interfere in China's internal affairs.' She confirmed that China has protested to India regarding its actions. As tensions persist over India's engagement with the Dalai Lama, the Chinese government has reiterated its stance on the reincarnation of the Tibetan spiritual leader, the 14th Dalai Lama, with Chinese Ambassador to India Xu Feihong stating that the process is inherently an internal affair of China, adding that 'no interference by any external forces will be allowed.' In a post on X, Chinese Ambassador to India Xu Feihong wrote, 'It has been noted that some Indian officials recently made some remarks regarding the reincarnation of the Dalai Lama.' The Chinese envoy further highlighted that the government 'opposes any attempts by overseas organisations or individuals to interfere in or dictate the reincarnation process.' 'Tibetan Buddhism traces its origins to China's Qinghai-Tibet Plateau. The primary regions where Tibetan Buddhism is practiced are within China. The lineage of the Dalai Lamas took shape and evolved within China's Tibet region,' he wrote on X. The envoy also cleared the government's stance, asserting that the 'conferment of their religious status and titles is the prerogative of the central government of China.' Xu Feihong also stated that the Chinese government upholds the principle of independence and self-governance in religious affairs. He also emphasised that 'no interference by any external forces will be allowed.' 'The reincarnation and succession of the Dalai Lama is inherently an internal affair of China. The Chinese government upholds the principle of independence and self-governance in religious affairs and administers the reincarnation of Living Buddhas, including that of the Dalai Lama, in accordance with the law. No interference by any external forces will be allowed,' the envoy wrote on X. The Tibetan community in exile celebrated the 90th birthday of the 14th Dalai Lama with traditional fervour and devotion at the Sambhota Tibetan School in Chhota Shimla on Sunday. (ANI)
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Partnership with Russia 'resilient and steadfast'- Indian finance minister
Nirmala Sitharaman held talks with Russian counterpart Anton Siluanov on the sidelines of the BRICS summit in Brazil New Delhi's strategic partnership with Moscow remains "resilient and steadfast," Indian Finance Minister Nirmala Sitharaman said on Sunday. The minister's comments came after a meeting with her Russian counterpart, Anton Siluanov on the sidelines of the BRICS summit in Rio de Janeiro. "The Union Finance Minister observed that India and Russia enjoy exemplary levels of mutual trust and understanding and our Special and Privileged Strategic Partnership remains resilient and steadfast," the Indian Finance Ministry said in a post on X. During the talks with Siluanov in Rio, Sitharaman also expressed gratitude for the support extended by Russian President Vladimir Putin to India after the April terror attack in the Indian Union Territory of Jammu and Kashmir that claimed 26 lives. READ MORE: G7 still thinks it is running the world. The global majority has moved on Sitharaman also congratulated Russia for its successful chairmanship of BRICS in 2024 and said that India would continue to leverage the multilateral platform to build South-South cooperation in areas of common interest. The finance ministers discussed modalities of various initiatives recently taken up by BRICS members, Sitharaman said in her post on X. The two sides also reviewed cooperation in the financial sector, along with matters related to the New Development Bank (NDB). The NDB was founded by BRICS in 2015 to address the needs of developing countries that, according to its members, are not equally represented in the international financial architecture. The Rio BRICS summit concluded with a joint declaration that criticized unilateral tariff actions and condemned "indiscriminate" trade measures, without directly mentioning the United States.
