S&P Global Ratings on Thursday said the hostilities between India and Pakistan heighten risks to the credit metrics of both countries, and any escalation in clashes would put downward pressure on sovereign credit support. S&P, which rates India and Pakistan at 'BBB-' with a positive outlook and a 'CCC+' (outlook stable), said that in the current scenario, it does not see any immediate impact on sovereign credit rating and expects the tensions to remain high over the next two to three weeks, with significant further military actions on both sides possible. "The outbreak of hostilities between India and Pakistan has increased regional credit risks, especially for the two sovereigns involved. Our base case is for the intense military actions to be temporary, which will give way to a longer period of contained and sporadic confrontations," S&P Global Ratings said in a statement. In a strong retaliation to the Pahalgam massacre, India's armed forces early on Wednesday ...
Pakistan's Defence Minister Khawaja Asif says claim of downing Indian jets is based on social media posts, as India dismisses it with a fact check and warns against spreading misinformation
The domestic currency opened 38 paise higher at 84.65 after ending at 84.83 against the greenback on Wednesday
The rising tensions between India and Pakistan in the wake of the Pahalgam terror attack and Op Sindoor targeting terror camps in PoK was debated at length in the British Parliament, with members across parties appealing for UK efforts to aid de-escalation in the region. India launched Operation Sindoor early Wednesday, hitting nine terror targets in Pakistan-occupied Kashmir (PoK) and Pakistan's Punjab province in retaliation for the April 22 terror attack that killed 26 people in Jammu and Kashmir's Pahalgam. UK Foreign Office Minister Hamish Falconer opened the debate in the House of Commons on Wednesday with a statement reiterating Prime Minister Keir Starmer's earlier remarks over the importance of diplomacy and dialogue. He also expressed concerns related to the very personal aspect of the conflict for a large number of British Indians and British Pakistanis in the country. Our consistent message to both India and Pakistan has been to show restraint. They need to engage in ..
The firing, involving both small arms and artillery, targeted areas opposite Kupwara, Baramulla, Uri, and Akhnoor in Jammu and Kashmir
In a late-night development Wednesday, the Pakistan government has closed its airspace for all commercial flights at Lahore and Islamabad airports. The country's airspace is closed for all commercial flights at Lahore and Islamabad airports, said the Pakistan Airports Authority (PAA) in a statement late Wednesday night. The Karachi airport is however operational. Pakistan earlier on Wednesday announced a 48-hour closure of its airspace for all air traffic after India carried out a military strike on terror targets in Pakistan and Pakistan-occupied Kashmir. The PAA said that it has formally conveyed its concerns to the International Civil Aviation Organisation (ICAO) regarding the serious risks posed to civil aviation safety by India's reckless and provocative actions. Indian armed forces early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir under Operation Sindoor. It was launched in retaliation for the terror attack in Jammu
Flight operations suspended at 16 airports in north and west India till May 10 morning as Operation Sindoor disrupts both domestic schedules and foreign flight paths
US President Donald Trump urges calm between India and Pakistan amid escalating tensions; backs peaceful dialogue as India conducts airstrikes in response to terror attack in Pahalgam
The rupee fell 0.47 per cent intraday amid rising India-Pakistan tensions and a stronger dollar index, before recovering partially on likely RBI-backed intervention
Historically, Indian equity markets have typically reacted sharply to geopolitical tensions in the short-term as a knee-jerk, but recovered quickly once uncertainties subsided
Operation Sindoor Highlights: Indian army says 'Justice is Served' after striking nine terror camps across the border under 'Operation Sindoor'. Catch all the breaking news here
Keir Starmer told the UK Parliament that rising tensions between India and Pakistan would be of serious concern for many residents of Britain
After India's strikes on terror camps under Operation Sindoor, EAM S Jaishankar spoke with foreign ministers of Japan, France, Germany, Spain, and Qatar, stressing zero tolerance for terrorism
Prime Minister Shehbaz Sharif on Wednesday said that the Pakistan Army was ready for an Indian attack, lauding his forces for the "swift response". Addressing a session of the Parliament amid escalated tensions between the two countries, Shehbaz claimed that the Pakistan armed forces destroyed five Indian jets. He, however, did not provide any evidence in support of his claim. "Last night, 80 Indian aircraft were part of the offensive, but Pakistan's air defence effectively neutralised the threat, he claimed. The Prime Minister lauded the Pakistan Air Force and its chief "for the swift response", saying that the armed forces had prior intelligence about India's plans. "We shot down five enemy jets, including Rafales, and also downed two Indian drones, he claimed, without providing any evidence to back up his claims. Referring to Rafale jets, the prime minister claimed Pakistan jammed their systems. "Our armed forces were on high alert round the clock and ready to defend the homel
Interestingly both countries saw significant searches for Colonel Sofia Qureshi, a senior officer from the Indian Army who was part of the Indian government's media briefing regarding missile strike
Rajasthan Chief Minister Bhajanlal Sharma and former chief minister Ashok Gehlot were among several leaders who welcomed 'Operation Sindoor' carried out by the Indian Armed Forces in Pakistan on Wednesday. Sharma, who returned from Gujarat on Tuesday morning, is monitoring the situation in the state following the operation, a state government spokesperson said. The chief minister is in constant touch with Chief Secretary Sudhansh Pant and Director General of Police U R Sahu, and the state government and administration are on high alert, the spokesperson added. Special instructions have been issued to the administration in the border districts of Ganganagar, Bikaner, Jaisalmer and Barmer, which share a border with Pakistan. All schools in these four districts have been shut as a precautionary measure. The chief secretary appealed to the public to remain calm and not fall for rumours. Welcoming the strikes targeting nine terrorist camps across the border, Sharma in a post on X in ..
Speaking at an event in New Delhi, Defence Minister Rajnath Singh commended Indian armed forces for carrying out precision strikes on terror camps in Pakistan and Pakistan-occupied Kashmir
Sirens blared, crowds evacuated as India launched civil defence mock drills in 244 districts - Delhi, Mumbai, Varanasi, and more simulate real-time emergency response
Pahalgam terror attack victim Lt Vinay Narwal's father, Rajesh Narwal, on Wednesday hailed India's response and said the Modi government has sent a strong message and now the perpetrators of the April 22 attack "will think 100 times" before repeating such attacks in the future. Retaliating against the terror attack, Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke. "When this (Pahalgam) incident happened, even then you (media) came to my home and asked what I expected from the government. My answer was that I had faith in our government. And today, the government has justified that trust," Rajesh Narwal told reporters at his residence in Karnal. "I had said that such a thing (retaliatory strikes) has to be done so that no one dares to do such a cowardly act again...the strikes carried out on the terror targe
Five targets were hit in PoJK - the Sawai Nala and Syedna Belal camps in Muzaffarabad, the Gulpur and Abbas camps in Kotli, and the Barnala camp in Bhimber