Daiwa Is Said to Take Minority Stake in Indian Wealth Manager

Maersk has reported an increase in demand from India, indicating that its shipping service connecting India and North America is maintaining consistent weekly departures. This development comes amid growing hopes for a potential trade deal between the U.S. and India.

The Indian rupee has fallen to a record low below 90, raising concerns about its stability and the potential for a steeper decline without intervention from the central bank. This drop is attributed to various factors, including capital outflows and the strength of the US dollar, which has been exacerbated by reduced expectations for a Federal Reserve rate cut.

Japan’s JFE Steel Corp. has announced plans to invest 157.5 billion rupees ($1.7 billion) in a joint venture with India’s JSW Steel, marking a significant collaboration between the two companies.

The Indian rupee has reached a new record low, driven by capital outflows and ongoing uncertainty regarding a trade deal with the United States. This decline reflects broader concerns about India's economic stability amidst fluctuating market conditions.

Russian President Vladimir Putin has announced plans to elevate cooperation with China and India, focusing on technological advancements and strategic partnerships. This initiative aims to strengthen ties with both nations amidst shifting global dynamics.

The Indian government has mandated the installation of the Sanchar Saathi tracking app on all smartphones to combat theft and crime, a move that has sparked significant backlash from privacy advocates who view it as a mechanism for mass surveillance.

Apple has rejected India's directive requiring smartphone manufacturers to pre-install the state-run 'Sanchar Saathi' cyber safety app on all new devices, which must remain enabled and cannot be disabled. This move reflects ongoing tensions between the tech giant and Indian regulatory authorities.

India has been importing discounted Russian oil, which has raised concerns as these purchases indirectly support Moscow's military actions in Ukraine, leading to increased scrutiny from Western nations, particularly the U.S. and Europe.