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The Hindu Morning Digest: July 6, 2025

The Hindu Morning Digest: July 6, 2025

The Hindu10 hours ago
PM Modi arrives in Brazil for four-day visit including BRICS Summit
Prime Minister Narendra Modi has arrived in Brazil on a four-day visit, during which he will participate in the 17th BRICS Summit and undertake a state visit. This is the fourth leg of his five-nation visit. He arrived in Brazil from Argentina, where he held wide-ranging talks with President Javier Milei and agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors. During his visit, Mr. Modi will attend the BRICS Summit in Rio de Janeiro on July 6 and 7, followed by a state visit, for which he will travel to Brasilia. It will be the first bilateral visit to the country by an Indian prime minister in nearly six decades.
PM Modi, Argentine President Milei agree to diversify bilateral trade basket
Prime Minister Narendra Modi and Argentine President Javier Milei on Saturday (July 5, 2025) agreed to diversify India-Argentina trade basket and vowed to expand cooperation in a range of critical areas such as defence, security, energy and minerals. In their wide-ranging talks, the two leaders emphasised on boosting defence cooperation between the two countries as it will serve each other's strategic interests.
Over one crore electors submit enumeration forms in Bihar
The Election Commission (EC) on Saturday (July 5, 2025) said that the special intensive revision (SIR) is underway in full swing in Bihar. Booth-level officers (BLOs), BLO supervisors, election officials, agents appointed by the political parties and volunteers are working tirelessly at the grassroots level to ensure that no eligible elector is left out, it said.
Questions swirl around poll officers' powers to flag citizenship issues
As Bihar becomes the first State, at least since 2004, to go for an intensive overhaul of electoral rolls months before the Assembly election, questions swirl around the powers of Electoral Registration Officers (EROs) to report cases of suspected foreign nationals to a 'competent authority'.
Israel will send ceasefire negotiating team to Qatar a day before Trump and Netanyahu meet
U.S.-led ceasefire efforts in Gaza appeared to gain momentum on Saturday (July 5, 2025) after nearly 21 months of war, as Prime Minister Benjamin Netanyahu 's office said Israel on Sunday (July 6, 2025) will send a negotiating team to talks in Qatar. The statement also asserted that Hamas was seeking 'unacceptable' changes to the proposal. U.S. President Donald Trump has pushed for an agreement and will host Netanyahu at the White House on Monday (July 7, 2025) to discuss a deal.
Prove that Forest Rights Act is responsible for 'negative' change to forest cover, Tribal Affairs Ministry tells Environment Ministry
A little over six months after the India State of Forest Report (2023) was released, which attributed 'negative' change in forest and tree cover to the implementation of Forest Rights Act (FRA) among other factors, the Tribal Affairs Ministry has asked the Environment Ministry to provide evidence for this claim.
Supreme Court notifies quota for OBCs, SCs and STs in direct staff recruitments
The Supreme Court has notified amendments in its staff recruitment rules to introduce reservation for the Other Backward Classes (OBCs), along with the Scheduled Castes and Scheduled Tribes.
Kolkata law student rape case: Classes to resume at Kolkata's college as probe continues
The South Calcutta Law College, where a student was gang-raped on June 25, issued a notice directing only designated staff and students of certain semesters to attend college from July 7, as the investigation into the case continues.
Delhi High Court quashes 300 Defence Ministry petitions against disability pension to soldiers
The Delhi High Court last week quashed around 300 petitions filed by the Ministry of Defence challenging the grant of disability pensions to soldiers. A Division Bench of Justices Navin Chawla and Shalinder Kaur on July 1 rejected the Union Government's challenge to the orders passed by the Armed Forces Tribunal (AFT), which had ordered to provide disability pensions to the soldiers with disabilities who had approached the tribunal.
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After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes
After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes

Economic Times

time5 minutes ago

  • Economic Times

After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes

The Indian equity markets ended the week on a weaker note as investors opted to book profits at higher levels. The Nifty50 closed below the 25,500 mark, registering a weekly loss of 0.69% for the period ended July 4, 2025. ADVERTISEMENT In our previous analysis, we identified June 30 as a crucial inflection point — a date that could define the Nifty's next directional move. That outlook played out accurately: June 30 marked the weekly high, and once the low of that day was breached, the Nifty witnessed three consecutive sessions of lower lows, confirming a short-term downtrend. Our predefined levels worked with remarkable precision throughout the week:The 25,566–25,600 zone acted as a strong resistance, with daily highs on July 1st, 2nd, and 3rd repeatedly stalling at this weekly low was formed at 25,331, almost exactly aligning with our projected support of 25,320. ADVERTISEMENT Time zone-based forecasting added another dimension of clarity: June 30 (Monday): The day's high occurred exactly at 9:25 AM, with swings near our key time zones of 11:10 AM and 12:35 PM. ADVERTISEMENT July 1 (Tuesday): The intraday low hit around 11:20 AM, right on 2 (Wednesday): The sell-off paused around 11:20 AM and picked up again near 12:45 PM. ADVERTISEMENT July 3 (Thursday): A volatile swing low occurred on the first candle at 9:25 4 (Friday): The day's low formed at 12:20 PM, followed by a sharp rally beginning around 2:30 PM, again in sync with our mapped time zones. ADVERTISEMENT This confluence of price levels and time cycles once again proved to be a powerful edge for disciplined Dates & Time Cycles for July 7–11, 2025The July 10 session could be a major turning point. Watch the high and low of the day closely — they may offer critical clues for a breakout or time windows are critical for spotting intraday reversals, momentum acceleration, or signals of trend Zones: 25,434 | 25,320 | 25,120 | 24,978 | 24,856Resistance Zones: 25,586 | 25,600 | 25,910 | 26,234All eyes are now on Thursday, July 10, which could serve as a decisive day for market direction. Traders are advised to monitor price action and intraday time slots closely for disciplined. Respect time. Respect levels. (The author is Director, Wealthview Analytics Pvt Ltd) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of

Modi in Brazil LIVE: PM to attend BRICS summit today
Modi in Brazil LIVE: PM to attend BRICS summit today

The Hindu

time9 minutes ago

  • The Hindu

Modi in Brazil LIVE: PM to attend BRICS summit today

Prime Minister Narendra Modi will today (July 6, 2025) kick off his four-day visit to Brazil, as part of which he will be taking part in the BRICS Summit in Rio de Janeiro. Also read | BRICS has no plan to create an alternate currency, says Brazil's Ambassador to India This is the fourth leg of his five-nation visit. The prime minister was accorded a ceremonial welcome upon his arrival at the Galeao International Airport on Saturday evening (local time). 'Hoping for a productive round of meetings and interactions during this visit,' Mr. Modi said in a post on X. The Prime Minister arrived in Brazil from Argentina, where he held wide-ranging talks with President Javier Milei and agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors. Mr. Modi attendance at the BRICS Summit will be followed by a state visit, for which he will travel to Brasilia. It will be the first bilateral visit to the country by an Indian Prime Minister in nearly six decades. Follow live updates here:

GMB insolvency: Borosil exits loss-making German unit GMB, focus shifts to India's booming solar glass market
GMB insolvency: Borosil exits loss-making German unit GMB, focus shifts to India's booming solar glass market

Time of India

time9 minutes ago

  • Time of India

GMB insolvency: Borosil exits loss-making German unit GMB, focus shifts to India's booming solar glass market

Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market. In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany, under the German Insolvency Code (InsO). The decision follows a comprehensive assessment of market viability, strategic priorities, and continued losses caused by plunging demand, PTI reported. "The challenges for GMB began with slide in demand for German made solar panels, when faced with the precipitous drop in prices by Chinese manufacturers of solar panels, who have engaged in large scale dumping in the European market, using predatory pricing," Borosil said. The company added that despite repeated warnings from German solar module makers, authorities had not taken meaningful protective action. This policy vacuum forced several German manufacturers to shut down or enter insolvency, leading to the collapse of demand for solar glass locally manufactured by GMB. As a result, GMB — once a vital part of Borosil's global footprint with a 350-tonne-per-day production capacity — reported substantial losses, adversely impacting Borosil's consolidated financials. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Quanto costa trasformare la vasca in doccia? Remail Scopri Undo Borosil's total exposure to its German operations stood at €35.3 million, or around Rs 340 crore, as of March 31, 2025. Effective July 4, 2025 — the date of the insolvency filing — Borosil will no longer account for GMB's monthly losses. Analysts noted that it allows Borosil to stem the capital bleed from a structurally declining market and redirect resources toward its home base in India, where solar power growth is surging. India presents a compelling growth story, one analyst said, quoted PTI citing aggressive solar capacity additions, strong infrastructure demand, and supportive policies such as production-linked incentives (PLI) and the Approved List of Models and Manufacturers (ALMM). India's solar module manufacturing capacity has already crossed 90 gigawatts and is expected to reach 150 gigawatts by March 2027, creating massive potential for domestic solar glass makers. Borosil aims to double down on its solar glass innovation, manufacturing scale, and ESG-aligned clean energy strategy. In May, it announced a Rs 950 crore investment to expand capacity by 600 tonnes per day by setting up two new furnaces of 300 TPD each — a 60% increase from its current 1,000 TPD base. The recent imposition of a five-year anti-dumping duty on solar glass imports from China and Vietnam, effective December 4, 2024, has created a more level playing field for Indian producers. This has already reflected in improved price realisations: average ex-factory selling prices for solar glass in Q4 FY25 rose to Rs 127.6 per millimetre per square metre from Rs 99.6 a year ago — a 28% jump. With its strategic pivot complete, Borosil is now positioned to consolidate its leadership in India's solar glass industry amid favourable policy tailwinds and growing market demand. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

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