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India Bombs Pakistan Army Posts along Kashmir Border

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Kashmir
Kashmir

India and Pakistan have disputed the Himalayan territory since independence in 1947.

SAN FRANCISCO (Diya TV) — India’s army on Tuesday said it bombed Pakistani army posts along the de facto border dividing the two countries in Kashmir.

Army spokesman Ashok Narula said the action had been taken to stop Pakistan’s army from helping militants cross into Indian-administered Kashmir. Speaking to reporters, Narula said that bringing down the number of militants in Kashmir would discourage local youths from taking up arms.

Officials from Islamabad denied any of its posts had been destroyed by the alleged bombings.

The Indian army spokesperson did not specify when the bombings had taken place, only saying that they were “recent, very recent.”

Footage from the Indian army purported to show the destruction of a Pakistani army post in the Nowshera sector, near the Line of Control dividing the disputed territory. Pakistan’s army spokesman responded swiftly, rejecting India’s account.

“The Indian claims of destroying Pakistani post along LoC in Nowshera Sec and firing by Pak Army on civilians across LoC are false,” Maj. Gen. Asif Ghafoor said.

The claims from India come amid an ever-deteriorating state of relations between the two countries over Kashmir and other matters. Indian-administered Kashmir has seen an upsurge of violence over the last few months. India blames Pakistan for inciting the unrest, a claim Islamabad denies.

India’s Hindu nationalist BJP government has adopted a more assertive stance towards Pakistan since taking power three years ago. Both sides accuse each other of provocations.

This is not the first time that India has announced military action against Pakistan. It said it had carried out “surgical strikes” along Kashmir’s de facto border last September, a claim that was also dismissed by Pakistan.

Conflict Reaches India’s Stock Market

Regardless, India’s market responded to the words of its military Tuesday, with its currency being weakened by as much as a half-percentage point, the sharpest decrease the nation has seen since May 18. The S&P BSE Sensex index of shares closed 0.7 percent lower, while benchmark 10-year sovereign bonds reversed gains.

“Investors across asset classes got a bit nervous,” Soumen Chatterjee, Kolkata-based head of research at Guiness Securities Ltd., told Bloomberg. “Increasing tensions across the border will create uncertainty.”

India’s currency has taken a hard hit amid the rising tensions on the Kashmir border.

India’s military action comes roughly three weeks after New Delhi blamed Pakistani military personnel for killing and mutilating Indian soldiers in the disputed region of Kashmir, which is claimed in full and ruled in part by both countries.

Indian sovereign bonds fell, with the yield on the new 10-year benchmark notes rising one basis point to close at 6.67 percent.

Business

New Zealand eliminates India in cricket World Cup

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New Zealand wins Cricket

MANCHESTER, England (Diya TV) — After a rain delay stopped play between New Zealand and India, when play resumed, the Kiwis held on to win by 18 runs, knocking India out of the Cricket World Cup. It’s on to the championship round for New Zealand.

The United States Immigration and Customs Enforcement (ICE) raided an Indian restaurant in Washington DC, detaining several employees.

Airbnb, the Silicon Valley couchsurfing startup turned hospitality behemoth, says they made a direct economic impact of around $150 million in India in 2018.

Indian Airbnb hosts collectively made almost $28 million and welcomed nearly 800,000 guests last year. 

Chennai-based speech recognition startup, Uniphore Software Systems, raised $38 million as part of its Series C round. They’ve received funding from California venture capital firm March Capital Partners and former Cisco CEO John Chambers. 

And Indo-Australian Priya Serrao was crowned Miss Universe Australia 2019.

The 26-year-old policy advisor from the state of Victoria said she will use her new platform to promote multiculturalism. 

Ravi Kapur contributed to this report.

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Business

Trump says tariffs by India are ‘No longer acceptable’

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Tariffs no longer acceptable

WASHINGTON (Diya TV) — In a tweet, President Trump targeted India once again, saying “India has long had a field day putting Tariffs on American products. No longer acceptable.”

Yet earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products from U.S. levies.

One of the most unique characters ever to run for President has died. Billionaire businessman Ross Perot was 89. Many give his independent campaign in 1992 credit for helping Bill Clinton beat incumbent George H.W. Bush.

A day after Democratic Congressman Eric Swalwell got out of the race, another billionaire businessman, Tom Steyer, jumped into the Presidential fray.

India’s OlaCabs recently launched its ride-sharing services in London. And now Ola Electric, their electric vehicle spinoff, just raised a $250 million Series B round at a $1 billion valuation. It plans to bring 10,000 vehicles to the road this year.

And the world will have to wait another day to find out who will play for the Cricket World Cup, after a rain delay stopped play between New Zealand and India.

Ravi Kapur contributed to this report.

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Arts & Culture

US India trade talks resume after G20 summit, in New Delhi

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US-India Trade Talks

WASHINGTON (Diya TV) — India and the U.S. will resume bilateral trade talks in New Delhi next week. These talks continue the dialog established by Indian Prime Minister Modi and President Trump at the Osaka G20 Summit last week.

Sikh activists launched a petition asking Presidential candidate and California Senator Kamala Harris to apologize for supporting employment discrimination against a Sikh job applicant in 2011 during her tenure as California’s attorney general.

A report by Bloomberg says Boeing turned to Indian-based subcontractors who were paid as little $9 per hour for work on the U.S. planemaker’s beleaguered 737 Max aircraft.

Mahmud Jamal is now a Justice of Appeal of the Court of Appeal for Ontario, becoming the 4th ever South Asian federal appellate judge in Canada.

A group of South Asian filmmakers including Zoya Akhtar and Anurag Kashyap and actors like Anupam Kher and Archie Panjabi are among the 842 people invited to become members of the Academy of Motion Picture Arts and Sciences.

Ravi Kapur contributed to this report.

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