• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 11, 2025

    Featured image for article about Headlines

    By Shivam Patel, Aftab Ahmed and Tariq Maqbool

    NEW DELHI/ MUZAFFARABAD, Pakistan (Reuters) -The Indian military sent a "hotline message" to Pakistan on Sunday about violations of a ceasefire agreed this week and informed it of New Delhi's intent to respond if it was repeated, a top Indian army officer said.

    India's Director General of Military Operations (DGMO) was speaking as a fragile 24-hour-old ceasefire appeared to be holding after both sides blamed the other for initial violations on Saturday night.

    The truce announced on Saturday followed four days of intense fighting between the nuclear-armed neighbours. In the worst fighting in nearly three decades, they fired missiles and drones at each other's military installations, killing almost 70 people.

    Diplomacy and pressure from the United States helped secure the ceasefire deal when it seemed that the conflict was spiralling alarmingly. But within hours of its coming into force, artillery fire was witnessed in Indian Kashmir, the centre of much of last week's fighting.

    Blasts from air-defence systems boomed in cities near the border under a blackout, similar to those heard during the previous two evenings, according to local authorities, residents and Reuters witnesses.

    "Sometimes, these understandings take time to fructify, manifest on the ground," Lieutenant General Rajiv Ghai, the Indian DGMO, told a media briefing, referring to the truce. "The (Indian) armed forces were on a very very high alert (yesterday) and continue to be in that state."

    The Indian army chief had given a mandate to its commanders to deal with "violations of any kind" from across the borders in the best way they deem fit, Ghai added.

    He said his Pakistani counterpart called him on Saturday afternoon and proposed the two countries "cease hostilities" and urgently requested for a ceasefire.

    There was no immediate response to the Indian comments from Pakistan. Late on Saturday, the Pakistani foreign ministry had said that it was committed to the truce agreement and blamed India for the violations.

    U.S. President Donald Trump announced the ceasefire on Saturday, saying it was reached after talks mediated by Washington.

    U.S. Secretary of State Marco Rubio said India and Pakistan had also agreed to start talks on "a broad set of issues at a neutral site".

    While Islamabad has thanked Washington for facilitating the ceasefire and welcomed Trump's offer to mediate on the Kashmir dispute with India, New Delhi has not commented on U.S. involvement in the truce or talks at a neutral site.

    India maintains that disputes with Pakistan have to be resolved directly by the two countries and rejects any third party involvement.

    On Sunday, Trump praised the leaders of both countries for agreeing to halt the aggression and said he would "substantially" increase trade with them.

    Hindu-majority India and Muslim-majority Pakistan each rule a part of Kashmir but claim it in full, and have twice gone to war over the Himalayan region.

    India blames Pakistan for an insurgency in its part of the territory, but Pakistan says it provides only moral, political and diplomatic support to Kashmiri separatists.

    PICKING UP THE PIECES

    Among those most affected by the fighting were residents on either side of the border, many of whom fled their homes when the fighting began on Wednesday, two weeks after a deadly attack in Indian Kashmir's Pahalgam that India said was backed by Islamabad.

    Pakistan denied the accusation.

    In the Indian border city of Amritsar, home to the Golden Temple revered by Sikhs, people returned to the streets on Sunday morning after a siren sounded to signal a return to normal activities following the tension of recent days.

    "Ever since the terrorists attacked people in Pahalgam, we have been shutting our shops very early and there was an uncertainty. I am happy that at least there will be no bloodshed on both sides," said Satvir Singh Alhuwalia, 48, a shopkeeper in the city.

    In some border areas, however, people were asked not to return home just yet. In the Indian Kashmir city of Baramulla, authorities warned residents to stay away due to the threat posed by unexploded munitions.

    "People here are hosting us well but just as a bird feels at peace in its own nest, we also feel comfortable only in our own homes, even if they have been damaged," said Azam Chaudhry, 55, who fled his home in the Pakistani town of Khuiratta and has now been told to wait until Monday before returning.

    In Indian Kashmir's Uri, a key power plant that was damaged in a Pakistani drone attack is still under repair.

    "The project has suffered minor damage ... We have stopped generation as the transmission line has been damaged," said an official from state-run NHPC, India's biggest hydropower company, who did not want to be identified.

    (Reporting by Aftab Ahmed in Jammu, Saurabh Sharma in Amritsar, Tariq Maqbool in Muzaffarabad, Charlotte Greenfield in Islamabad, Fayaz Bukhari in Srinagar, Shivam Patel in New Delhi;Additional reporting by Sarita Chaganti Singh in New Delhi and Chris Thomas in Bengaluru;Writing by Tanvi Mehta, Sakshi Dayal and YP Rajesh; Editing by Lincoln Feast, Helen Popper and Giles Elgood)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe