Russia’s President Vladimir Putin The following are some examples of how to get started: Indian Prime Minister Narendra Modi Walk during a casual meeting at the Novo-Ogaryovo state residence, outside MoscowOn July 8, 2024. (Photo By: Gavriil GRIGOROV / Sputnik POOL / AFP (Photo GAVRIIL GRIGOROV/POOL/AFP Getty Images)

Gavriil Grigorov | Afp | Getty Images

This Report is from CNBC’s this week “Inside India” This newsletter will provide you with timely and insightful market commentary, as well as news about the new powerhouses and the large businesses that are driving it. Like What do you see? You Subscribe to our newsletter here.

The big story

Indian Prime Minister Narendra Modi The following are some examples of how to get started: Russian President Vladimir Putin Tea was served at a country retreat. Moscow Earlier this week,

The Meetings can bring out the worst in people. WashingtonThe NATO alliance convened in Washington, D.C. at the same moment.

While The 32 national leaders who make up the military alliance have kept their disagreements to themselves. Moscow Private meeting United States It had directly raised concerns with India What is its relationship to Russia. More In general, the U.S. threatens to sanction entities seen as doing business with Russia to defund Putin’s Onslaught against Kyiv.

While India The relationship between the two has been strained. Russia This is not a new phenomenon.

Moscow The term “Has been” has been used to describe the time when a person was born. India’s The largest weapon supplier in history. Russia The company has also provided India Since the 1990s, he has been working with nuclear fuel and recently he also helped build nuclear reactors.

HoweverSince the end of World War II Ukraine The oil imports to Russia Have gone up. This Weekly trade data from the Russian Government showed that grain exports by India In the last harvesting period, it had risen by 22 times. Modi Thank you for going beyond the call of duty Putin Supporting Indian Farmers with a reliable and affordable fertilizer supply.

The This trade’s motivations are revealed in the theme that lies beneath. India’s Transactional relationship with Russia.

Consumer Inflation in India The highs and volatility can hurt Modi’s The Prime Minister is trying to lower prices for his citizens, despite his poor performance in the election last month. Far A strategic relationship is a great way to start. India The cheapest option is to buy goods.

Meanwhile, Indian Imports of defensive equipment to the West The share of Russian Weapons in India’s Since 2013, the armed forces have been steadily declining.

“I think there is an understanding that as long as we keep seeing continued progress, deeper partnership between India and the United States — military and economic co-operation — we are willing to let India go a little bit further with Russia without necessarily invoking sanctions,” Rick RossowChair of U.S.India Policy studies at the Center The following are some examples of how to use Strategic The following are some examples of how to get started: International StudiesCNBC quoted.

“We’d like the optics to dial down a little bit, but overall, I don’t think we’re not going to sacrifice the relationship because of it.”

Russia’s President Vladimir Putin The following are some examples of how to get started: Indian Prime Minister Narendra Modi Hold an informal meeting in the Novo-Ogaryovo state residence, outside MoscowOn July 8, 2024. (Photo By: Gavriil GRIGOROV / Sputnik POOL / AFP (Photo GAVRIIL GRIGOROV/POOL/AFP Getty Images)

Gavriil Grigorov | Afp | Getty Images

Even Equity investors have seen through the relationship, and discounted the threat of retaliation. India.

“Does Modi see [Russia] as anything more than a bargaining counter? That I have difficulty imagining,” Mark Martyrossian, director at Aubrey CapitalCNBC’s Inside India.

Martyrossian Some investors might even change the way that they view investments India — subscribing to the view that trading with Russia enables its war machine — it would not impact Indian Companies on the investment potential of their companies More Half of the total Aubrey’s Global Emerging Markets Fund is invested in India.

Beyond trade, India The culture of the country is also stronger. West. Millions The following are some examples of how to use Indians Live in the U.S. CanadaThe. United Kingdom Many of these values are shared by their host nation.

While You might see it India It is prudent in its trading relationship. The long-term energy contract with which much has been rumored, is also prudent. Russia Will likely have a sting.

Just Ask about the best way to ask Germany What happens to a nation that signs long-term contracts with cheap energy suppliers? Russia.

Need You should know

China The following is a list of words that begin with the word “you” India There is no building right in the border area. A week after China’s Foreign Minister and His Indian counterpart met in Kazakhstan, India Reports of a rumor have been made plans to build 12 hydropower stations In the contested Northeast Himalayan region. Beijing, which is the region South Tibet. has now stated that those plans are “illegal and invalid.”

The State of Uttar Pradesh Taxes on hybrid vehicles are waived The You can move at remove vehicle registration fees, expected to make hybrid cars 10% cheaper, has delivered a big win for Japan’s Toyota Motor. Shares The following are some examples of how to use Maruti Suzuki, India’s Top carmaker that produces and sells hybrid vehicles in partnership with Toyota. soared 5.5% when local media reported about the state’s tax incentive.

Ambani Wedding enters final stage. The Wedding Anant AmbaniThe youngest son Indian billionaire Mukesh Ambani. Radhika Merchant What’s happening this weekend? Its An innovative way to generate buzz in the world. elite guest list including politicians, top CEOs, Bollywood Celebrities and stars Back You can also find out more about the following: March, tech executives including Mark Zuckerberg and Bill Gates Attended a lavish, three-day celebration before the wedding.

What What happened on the markets?

The Indian Stock market cautious before the earnings quarter The Nifty 50 This week, the index was essentially flat. The The index has risen by 12% in the first half of this year.

The benchmark 10-year Indian Government bond yield is XXX. Waiting For U.S. Inflation data.

Stock Chart IconStock Chart Icon

On CNBC TV is this week. SuntoryOne of the oldest Japanese Whisky makers said that it is seeking local partners to bottle its products and distribute them in India. “We want to bring something new to the Indian market,” Chief Executive Takeshi Niinami Tell CNBC. The A $10.8 billion firm is adapting their products to cater to India’s culture and trends, Niinami added.

MeanwhileThe Indian Budget of the government is expected to come out later this month.will lay down the foundationsAccording to Nilesh Shah, managing director at Kotak Mahindra Asset Management. “Clearly, the market will be watching [that] the impossible trinity of investing for infrastructure, along with fiscal prudence and support for the [people] at the bottom end of the pyramid is all managed,” Shah said. 

What’s What’s happening next week

Aside What to expect next week after the glitzy wedding of this weekend:

July 12: India industrial output

July 15: China GDP, India Wholesale inflation

July 16: Canada The inflation rate is estimated to be around

July Inflation in the U.K.

July 18: U.K. unemployment, ECB interest rate

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