Sebi ban on Jane Street! Uday Kotak flags 3 big concerns that plague Indian stock market
"Recent stock market actions signify 3 aspects: money power, low liquidity in single stocks vs index derivatives, exchange, broker business models linked to volume, less to fundamentals," Kotak Mahindra Bank's founder said in a post on X on Saturday, July 4.
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Mint
20 minutes ago
- Mint
PM Modi honoured with symbolic ‘Key to the city of Buenos Aires' during landmark Argentina visit
Prime Minister Narendra Modi received a special honour in Argentina on Saturday – the "Key to the City of Buenos Aires". Jorge Macri, the city's chief official, gave him this symbolic gift during his two-day visit. The key represents friendship and trust. Earlier, PM Modi met President Javier Milei for important talks. This visit was historic because it was the first time in 57 years that an Indian Prime Minister came to Argentina just for bilateral talks (not for a big conference). Hundreds of Indian immigrants cheered PM Modi outside his hotel, waving flags and dancing to Indian music. Modi's Argentina stop was part of a bigger five-country tour where he collected major awards. Before this, in Trinidad and Tobago, he got 'The Order of the Republic', their highest civilian honour. He's the first foreign leader ever to receive it. During that visit, both countries signed six agreements to work more closely together. PM Modi thanked Trinidad for honouring him and said the award wasn't just for him but for all 1.4 billion Indians . After Argentina, he will join the BRICS summit in Brazil and then visit Namibia. PM Modi and President Milei agreed to boost cooperation in important areas during their talks. Argentina will supply lithium (a key mineral for electric car batteries) and shale gas to India. This helps India's energy security plans. Argentina has the world's second-largest shale gas reserves. PM Modi also asked for easier entry of affordable Indian medicines into Argentina. The leaders agreed to expand defence partnerships and trade between the countries. PM Modi even invited Milei to visit India soon, especially to see Gujarat's lion sanctuary! Beyond formal meetings, PM Modi paid respects at important cultural spots. He visited the San Martin Memorial, honouring Argentina's national hero who helped free South America from colonial rule. The visit strengthened people-to-people ties too – PM Modi showed President Milei how India uses drones in farming (the "Drone Didi" initiative). Before leaving, PM Modi called the trip "productive" and said the India-Argentina relationship has "even more promise" ahead.
India Today
26 minutes ago
- India Today
Reuters X account withheld in India, no official word yet
The official X (formerly Twitter) account of international news agency Reuters has been withheld in India, triggering widespread attention on social media Saturday night. Several users reported that the @Reuters handle displayed a message stating it had been "withheld in IN in response to a legal demand". advertisementThe block appears to be region-specific, as the account remains accessible outside India. Soon after, the @ReutersWorld account was also found to be inaccessible in India, though no official explanation has been issued by Indian authorities, Reuters, or the X of now, the reasons for the action remain unclear, including whether it stems from a specific legal order or content-related issue. Interestingly, several other Reuters-affiliated handles, including Reuters Tech News, Reuters Fact Check, Reuters Pictures, Reuters Asia, and Reuters China, remain accessible within to X's stated guidelines, content or accounts may be withheld in specific regions if the company is compelled to comply with a valid legal demand, such as a court order, or if it receives a report citing violation of local remains uncertain whether the block is temporary or permanent, and there is no clarity yet on the nature of the legal demand involved.- EndsMust Watch
NDTV
40 minutes ago
- NDTV
PM Modi, Argentine President Agree To Diversify Bilateral Trade Basket
Buenos Aires: Prime Minister Narendra Modi and Argentine President Javier Milei on Saturday 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. PM Modi arrived in Buenos Aires on Friday on a two-day trip in the third leg of his five-nation tour. Though PM Modi visited Argentina in 2018 to attend the G20 Summit, it is the first bilateral visit to the South American country by an Indian prime minister after a gap of 57 years. In a social media post, PM Modi said he and President Milei discussed ways to diversify trade ties and enhance cooperation in sectors such as agriculture, defence, security and energy. "There is immense scope in areas like pharmaceuticals and sports as well," he said. The prime minister described his meeting with President Milei as "excellent". "We are marking 75 years of India-Argentina diplomatic relations and 5 years since we elevated our relationship to a Strategic Partnership. We have covered significant ground in our bilateral relations, but we agree that the journey ahead is even more promising," the prime minister posted on X. Secretary (East) in the Ministry of External Affairs Periasamy Kumaran said the two leaders agreed to enhance India-Argentina collaboration across a range of sectors, including trade and commerce, technology, defence, space, health and pharmaceuticals. PM Modi and President Milei also agreed to further deepen the strategic partnership, he said adding they discussed the necessity to expand and diversify trade. At a press conference, Kumaran said Prime Minister Modi sought Argentina's support in expanding the India-MERCOSUR trade agreement, noting that it could deepen trade ties between the two nations as well. The preferential trade agreement (PTA) is aimed at expanding economic ties between India and the MERCOSUR bloc that includes Argentina, Brazil, Paraguay, and Uruguay. PM Modi and President Milei also underlined the need to enhance access for agricultural products in each other's markets and issued instructions to respective officials to set up a joint working group on agriculture. The relationship between the two countries was elevated to strategic partnership during the visit to India of the then Argentine President Mauricio Macri in February 2019. The two sides have been cooperating in several key areas such as trade, defence, critical minerals, oil and gas, nuclear energy, agriculture, culture and technology. India and Argentina have significant cooperation in the mineral resources sector, particularly in lithium -- a critical input for India's green energy transition. An MoU on cooperation in the field of mineral resources was signed in August 2022. The first meeting of the joint working group set up under the framework of the MoU was held in January. The India-Argentina bilateral trade has been on an upswing. The trade volume more than doubled in three years from 2019 to 2022, peaking at USD 6.4 billion in 2022. In 2021 and 2022, India was Argentina's fourth largest trading partner. In 2024, total annual bilateral trade between India and Argentina was USD 5.23 billion, positioning India as Argentina's fifth-largest trading partner and export destination.
