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Time of India
an hour ago
- Time of India
PM Modi To Meet Argentina President Milei For Bilateral Talks
Prime Minister Narendra Modi touched down in Buenos Aires, Argentina, marking a crucial leg of his five-nation diplomatic tour. This visit, Modi's first official bilateral engagement with Argentina, underscores India's deepening partnership with Latin America. PM Modi will hold high-level talks with President Javier Milei, focusing on a wide range of strategic areas: trade, defense, mining, agriculture, health, pharmaceuticals, renewable energy, education, and tech innovation. The two leaders previously met at the G20 Summit in Rio in 2024. The Prime Minister will also visit the Boca Juniors football stadium, adding a cultural touch to the diplomatic mission. The trip comes as Argentina undergoes major economic reforms, drawing parallels to India's own transformation journey. With 75 years of India-Argentina ties celebrated in 2024, this visit signals a new era in India–Latin America cooperation.#pmmodi #narendramodi #modiinargentina #modimileitalks #modidiplomacy #modi5nationtour #indialatinamerica #indiaargentinarelations #bocajuniorsvisit #bharatglobalreach #modibilateraltalks #strategicpartnership #toi #toibharat #bharat #trending #breakingnews #indianews
Hans India
an hour ago
- Hans India
Indian stock markets end week lower amid trade deal concerns, profit booking
The Indian equity markets closed lower for the week as investors turned cautious ahead of the crucial July 9 US-India trade deadline and the start of the corporate earnings season, experts said on Saturday. Both benchmark indices -- the Sensex and the Nifty -- slipped 0.7 per cent each on a weekly basis, as broader market sentiment remained clouded by global uncertainty and profit booking after the recent rally. The Nifty ended the week at 25,461, while the Sensex closed at 83,432.89. The indices had started the week with a strong breakout, but the momentum faded amid concerns over a possible delay in finalising trade agreements. However, reports suggesting an interim deal between India and the US helped limit the downside in the latter half of the week. According to Ajit Mishra of Religare Broking Limited, the pullback was largely driven by investors booking profits following recent gains. 'The cautious tone was evident with the looming trade deadline. However, optimism around a potential agreement between India and the US acted as a cushion,' he noted. India's fiscal health remained strong, supported by a robust Rs 2.69 lakh crore dividend transfer from the RBI, which helped contain the fiscal deficit at just 0.8 per cent of the annual target. June GST collections also remained firm, rising 6.2 per cent year-on-year (YoY) to Rs 1.84 lakh crore. Vinod Nair, Head of Research, Geojit Financial Services, said, 'The week saw some consolidation after sharp gains in previous sessions. Global cues remained mixed, and investors preferred to stay on the sidelines ahead of the US tariff decision." 'FIIs turned cautious due to high valuations, but support from DIIs kept the market from falling sharply,' Nair mentioned. From a sectoral perspective, defensive sectors like IT and healthcare outperformed, supported by stock-specific action and stable demand. Meanwhile, rate-sensitive sectors such as banking, auto, and realty witnessed pressure from profit booking. FMCG stocks also edged lower. Defence stocks, however, saw strong buying after the government cleared several high-value contracts. Technically, the market entered a consolidation phase. Bajaj Broking Research noted that the Nifty has formed a small bear candle with a higher high and low on the weekly chart, signalling consolidation amid stock specific action after the recent strong upward move. 'Key support levels are seen around 25,150–25,200, coinciding with the 20-day exponential moving average, while resistance is expected near the 25,600–25,740 zone,' according to Angel One. 'A breakout above this range could trigger the next leg of the rally,' the brokerage added.
India Gazette
an hour ago
- India Gazette
Argentina: Prime Minister Narendra Modi interacts with members of Indian diaspora
Buenos Aires [Argentina], July 5 (ANI): Prime Minister Narendra Modi has reached Argentina on the third leg of his five-nation tour, and on his arrival, he was met by jubilant members of the Indian diaspora. Upon his arrival at the hotel, PM Modi saw a beautiful traditional Indian dance performance. He was greeted by an exuberant Indian diaspora, who chanted 'Bharat Mata ki Jai' and 'Modi-Modi'. PM Modi also interacted and spoke to the community members. Akhilesh Verma, a member of the Indian diaspora, told ANI, 'It was a very good feeling meeting PM Modi. We are very happy to see him here in Argentina. We want the relationship between the two countries, whether commercial and cultural to grow significantly and both the countries prosper'. Prime Minister Narendra Modi arrived in Argentina for his third leg of a five-nation tour. He landed at the Ezeiza International Airport, Buenos Aires. PM Modi is on an official visit to Argentina at the invitation of the President of the Republic of Argentina, Javier Milei. Official Spokesperson of the Ministry of External Affairs, Randhir Jaiswal, said that this is the first bilateral visit by an Indian PM to Argentina in 57 years. In a post on X, he said, 'Celebrating the enduring friendship between our nations. PM Narendra Modi has landed in the vibrant city of Buenos Aires, Argentina on an Official Visit. He was accorded a ceremonial welcome on arrival at the airport. This is the first bilateral visit by an Indian PM to Argentina in 57 years, marking a new chapter in India Argentina ties.' In a post on X, the Spokesperson of the Ministry of External Affairs, Randhir Jaiswal shared the various aspects of India-Argentina ties. PM Modi is scheduled to hold bilateral talks with President Milei to review ongoing cooperation and discuss ways to further enhance the India-Argentina partnership in key areas, including defence, agriculture, mining, oil and gas, renewable energy, trade and investment, and people-to-people ties. (ANI)
