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Deluge of FCNR dollars leaves banks with a problem of plenty
Indian banks are rushing to raise funds before the RBI closes the FCNR(B) scheme early, leading to deployment challenges and potential negative carry for some lenders.
Welspun Corp wins record 17,200-crore US pipe supply order
Welspun Corps latest contract provides multi-year revenue visibility as the company expands manufacturing capacity and strengthens relationships across North America
Millions of hectares of protected tropical forests were lost to wildfires between 2001 and 2024. Wildfire destruction inside protected areas has significantly accelerated since 2016. The tropical Americas, especially Brazil, experienced the vast majority of these losses. Protected areas offered some reduction in fire risk, particularly in Africa.
ET World Leaders Forum: India set to be a growth market, but companies must up their game
India is poised to be a major global growth market over the next decade, driven by seven structural strengths including economic stability, a reform-oriented policy framework, a large consumer base, and a growing talent pool. The nation's technology and manufacturing sectors are gaining global relevance, supported by a widening trade architecture.
Second-generation entrepreneurs are increasingly using the experience, support and capital available within family businesses to pursue independent interests and build new ventures, business leaders said at The Economic Times Family Business Dialogue in Bengaluru.
Unitrees Humanoids Have a Long March to Usefulness
Fresh off a blockbuster public markets debut, Unitree Robotics founder Wang Xingxing conceded that his company still hasnt figured out how to make humanoids truly useful.
Protection, annuity more relevant in insurance products: Sumit Madan, MD & CEO, Axis Max Life
While things are changing, insurance is still seen as a bit of a savings and tax product. We are focusing on making protection and annuity more relevant across proprietary and partnership channels, where we are looking at growth of 15% or 16%. The discussion is around protection rather than just premium. We've started focusing very sharply on the young Indian middle clas, says Sumit Madan.
HDFC Bank raises $1.75 billion as FCNR(B) window nears closure
HDFC Bank raises $500 million through three-year notes and $1.25 billion through five-year bonds as banks step up foreign-currency fundraising
Niva Bupa, Acko General Insurance barred from opening places of biz for 6 months
Niva Bupa's allowable expense for FY25 was Rs 2,403.75 crore, while its actual expenses stood at Rs 2,652.12 crore, exceeding the limit by Rs 248.37 crore, according to the regulator's order. Irdai has prescribed limits to ensure insurers control management and operating costs so that a reasonable portion of premiums collected from policyholders is available for providing insurance cover and settling claims.
Rate reset clause in overseas loan pact helps Shriram Finance cut costs
The upgrade helped Shriram, in which Japan's Mitsubishi UFJ Financial Group (MUFG) bought a significant stake, save 60-80 basis points on a $1.3-billion syndicated loan. One basis point is a hundredth of a percentage point. Managing director and CEO Parag Sharma expects such clauses to become more prevalent as growing focus on credit ratings is expected to determine the rates at which financiers raise money.
Cashfree Payments net loss at 118.5 cr in FY26; revenue jumps 51%
Fintech firm Cashfree Payments India Private Limited has narrowed its consolidated net losses to Rs 118.5 crore in the financial year ended March 2026, according to the company's regulatory filings accessed via business intelligence platform Tofler. The firm had posted a consolidated net loss of Rs 154 crore in the previous financial year (FY25). The company's revenue from operations grew over 51 per cent to Rs 967.4 crore in FY26 from Rs 640.1 crore in the preceding fiscal. Total revenue, which includes other income of Rs 5.04 crore, stood at Rs 972.5 crore for the period under review. On the expenditure side, total expenses increased to Rs 1,090.9 crore in FY26, compared to Rs 794.7 crore in FY25. Employee benefit expenses, however, saw a marginal decline to Rs 239.3 crore from Rs 243.4 crore in the year-ago period. Akash Sinha, Co-founder & CEO, Cashfree Payments, said: FY26 was one of the most consequential years for Cashfree Payments. We came close to the Rs 1,000 crore ..
Meta has quietly become one of Microsoft's largest AI customers
A major prong of Microsoft's AI strategy is offering models from a variety of providers through a marketplace called Foundry, which had 100,000 customers as of July.
SK Hynix workers to get 60% of 2026's bonuses in stock rather than all cash
Workers are set to be paid an average 779 million won ($547,000) for 2026, according to Reuters calculations.
Food distributor Sysco adds two board members to advance AI transformation
The move comes as food and restaurant companies increasingly adopt AI tools to improve demand forecasting, inventory management, supply-chain planning and customer service.
Local funds' share rises in private credit market: EY report
Private credit investments were broadly similar to the second half of 2025 levels of $3.4 billion, with refinancing, holding-company funding and acquisition financing serving as key drivers of activity. The growing share of domestic capital is one of the most significant developments in India's private credit market, Vishal Bansal, partner, debt and special situations, EY India, said.
RBI board rejig cuts strength to 11; Somanath, Mahindra appointed
Former Isro chief Somanath Sreedhara Panicker joins the RBI board of directors, while Anand Mahindra gets another four-year term
Sabyasachi set to expand Delhi footprint with new Mehrauli flagship store
Sabyasachi will open a 26,000-sq-ft Mehrauli flagship on August 25, doubling its Delhi footprint as the capital contributes about 30% of global revenue
Kamarajar Port issues tender for 4,288-crore second container terminal
To be developed on DBFOT basis
SC asks RCom to approach HC over DoT move to encash 802 cr bank guarantee
Supreme Court declines RCom's request for one-week interim protection but clarifies that it has not examined the merits of the challenge to the DoT's action
Upstox begins talks with investment banks for $350-400 million IPO; crosses 2 crore customers
Investment platform Upstox is exploring a potential initial public offering. The company aims to raise approximately USD 350-400 million through this offering. This proposed IPO will include both new shares and an offer-for-sale.
Augmont Enterprises secured Rs 246.3 crore from anchor investors before its upcoming IPO. The company will open its initial public offering for subscription on August 21. Augmont Enterprises plans to use fresh issue proceeds for working capital and inventory. The IPO comprises a fresh issue and an offer for sale component. Shares are scheduled to list on the NSE and BSE on August 31.
Tech EVs squeeze 50 lakh luxury market: BMW & Merc Defend Turf
BMW and Mercedes-Benz face fierce competition in Indias luxury market as electric SUVs disrupt pricing and customer preferences
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities snapped a seven-session losing streak as falling US bond yields, short-covering and stronger sentiment lifted markets. Sensex surged 628 points and Nifty gained 154 points. Analysts remained cautious, citing elevated crude prices and geopolitical risks despite improving technical momentum.
General Atlantic Singapore Fund sold 1.51 crore KFin Technologies shares worth around Rs 1,400 crore at Rs 925 apiece. Mutual funds bought most of the block, with six funds acquiring shares worth about Rs 1,178.5 crore. KFin shares closed at Rs 961.
Manipal Hospitals posts 243 crore Q1 profit after listing, revenue rises 38%
Revenue from operations increased 38.1% year-on-year to 3,091 crore, fueled by higher patient volumes and contributions from recent acquisitions
F&O trading bill: Retail traders pay Rs 25,000 crore transaction costs in FY26 despite big losses
Retail traders paid around Rs 25,000 crore in F&O transaction costs during FY26, while nearly 88% incurred losses. Aggregate losses reached Rs 91,685 crore, with options accounting for 92%. Active traders fell sharply, while near-expiry trading remained highly concentrated.
Manipal Hospitals net profit declines 4.2% to 243 crore in Q1FY27
Revenue from operations rises 38.1 per cent to Rs 3,091 crore, while EBITDA grows 26.4 per cent to Rs 749 crore as inpatient and outpatient volumes increase
Clean home-care start-ups take on FMCG giants as consumer priorities shift
Brands such as Beco, Cleevo, Scrubsy and others are expanding across categories including dishwash, laundry, kitchen and surface care, while investors are beginning to see the segment as a larger consumer opportunity
Euler Motors expands Palwal facility to manufacture commercial four-wheelers
The product portfolio comprising the Euler Turbo EV 1000 and Storm EV will be manufactured at this facility with an annual production capacity of up to 24,000 vehicles
Domestic tourism cushions India as West Asia crisis, high airfares hit international travel
Industry projections estimate Indias domestic tourism market could reach around 35 trillion by 2029
Retail F&O boom hits reverse gear as active trader base falls 18% in FY26: Sebi
SEBI found individual equity derivatives traders fell 18% to 88 lakh in FY26, the first annual decline in over a decade. Yet 87.7% still lost money, collectively losing Rs 91,685 crore, with options accounting for 92% of losses.
Market Trading Guide: GMR Airports among 2 stock recommendations for Friday
Analysts recommend GMR Airports and Bajaj Consumer Care for Friday, citing technical strength, supportive retracement levels and improving momentum. GMR Airports has a target of Rs 112, while Bajaj Consumer Care targets Rs 540, with stop-losses at Rs 98 and Rs 480.
Individual traders incurred substantial losses in India's equity derivatives market during FY26. Options trading accounted for the vast majority of these aggregate net losses. Active traders declined significantly, and new entrants also dropped considerably. Smaller investors with limited equity holdings experienced heavier losses than larger ones. The profit pool remained concentrated with institutional and professional traders.
Power Grid leverages synchronous condensers for grid integrity as RE capacity expands
Synchronous condensers are a useful solution for stabilising the power produced by renewables
Meta defends child safety record as lawsuits accuse it of harming young users
The company is facing a series of lawsuits, including a case in a California federal court in which four states are seeking billions of dollars in damages and changes to the way Meta operates its platforms.
MMDR Amendment Act set to encourage fresh capital investment, bring tax uniformity
The reforms, according to him, could unlock capital investments, accelerate mineral exploration and make domestic mineral production globally competitive
Don't fear global liquidity integration, strengthen oversight instead: RBIs Rohit Jain
The RBI deputy governor called on banks to fix retail forex pricing, boost participation among smaller firms, and embrace digital workflows while managing risks in an integrated market.
IRDAI bars Acko General, Niva Bupa Health from opening new branches for exceeding EoM limits
Niva Bupa incurred excess expenditure of 248.37 crore and Acko General 334.78 crore
Hui Ka Yan, founder of Evergrande and once China's richest man, was sentenced to life in prison for fraud and embezzlement. The Shenzhen court fined him CNY 8.82 billion, marking a significant fall from grace. Evergrande has been facing financial collapse since 2021.
Elgi Equipments to invest 1.61 crore in renewable energy venture
The investment aims to secure renewable energy for the company over 25 years to ensure long-term tariff stability and optimize power costs
DUPR and Courtly Partner to Bring Verified Global Ratings and Level-Based Play to Every Court
New Delhi [India], August 20: Courtly Technologies Private Limited, India's full-stack racquet sports technology and community platform, today announced a strategic partnership with DUPR (Dynamic Universal Pickleball Rating), the world's leading pickleball rating system. Under the partnership, Courtly now features official DUPR skill ratings alongside its tournament management system and consumer community app.
Pulse Pharmaceuticals gets DCGI approval for nano-carrier entrapped vitamin D3 oral dispersion
Fintech firm smallcase Technologies has introduced CASE Platforms as its new corporate identity. This new identity will unify its diverse portfolio of investment products and platform businesses. The mutual fund business, a joint venture with Zerodha, will now be known as Zerodha CASE Mutual Fund. CASE Platforms aims to help individual investors access the right financial products and tools.
Levis bets on India beyond jeans as womens wear, premium products drive growth
More than 95 per cent of Levis India consumption is made or built in India, says Hiren Gor, Managing Director, South Asia, Middle East & Africa (SAMEA)
Six stocks from the BSE Financial Services Index hit fresh 52-week highs as the Sensex surged 628 points. Tourism Finance led with a 59% monthly gain, followed by Karnataka Bank at 21%, while four others posted gains of 4%-10%.
USFDA clears Strides manufacturing unit in Bengaluru
The Bengaluru facility is Strides flagship manufacturing site and caters to regulated and other international markets
US green card rules change from September 18: What Indians need to know
Private credit deals drop 61 pc to USD 3.5 bn in H1 2026: Report
Private credit deployments saw a sharp 61 percent drop in early 2026. This decline occurred amid a volatile macro economic environment and shifting fund dynamics. Domestic funds led nearly three-fourths of the deployments during this period. Real estate remained a favored investment sector for private credit funds. Regulatory changes and bank credit growth also influenced private credit volumes.
Indias two-wheeler export surge moves upmarket; premium bikes grow 12.8%, scooters 18.2%
The shift is being driven by Indian brands gaining ground overseas and the country emerging as a manufacturing and export hub for global markets
Wyndham targets 200 India hotels by 2028 as smaller cities drive growth
Wyndham, which reported global annual revenue of $1.24 billion in 2025, plans to expand in India through organic growth and strategic alliances, while evaluating, for the first time, opportunities in hotel management and potential acquisitions.
87% SMBs say AI-powered tools improve access to advertising: Amazon report
Amazon Ads report says AI is lowering barriers of cost and complexity for SMBs, with 75 per cent saying AI-enabled advertising has supported their business growth
Nexdigm Accelerates Delivery of AI-Enabled Transfer Pricing Solutions, by Investing in infer360
Mumbai (Maharashtra) [India], August 20: Nexdigm a leading Indian-origin firm with a global presence and a provider of professional services, consulting, and outsourcing solutions, today announced a strategic alliance with infer360, an AI-native transfer pricing platform built by seasoned transfer pricing experts and former Big Four leaders. Combining deep domain expertise with decades of advisory experience, this alliance will deliver an integrated, technology-led transfer pricing solution for multinational enterprises across the globe.
Gaja Alternative Asset Management IPO subscribed 2.43 times
The offer received bids for 6.16 crore shares as against 2.53 crore shares on offer.
Tempsens Instruments (India) IPO subscribed 5.93 times
The offer received bids for 8.99 crore shares as against 1.51 crore shares on offer.
Centre asks PSBs, IBA to standardise contract-farming loans in 6-12 months
The government seeks to improve value capture across the agricultural value chain and help farmers retain a larger share of the final consumer price.
Gopalan Group enters building wires market
Company unveils Gopalan Wires and Cables brand for residential and commercial projects
Chennai (Tamil Nadu) / Bangalore (Karnataka) [India], August 20: Celebrate the homecoming of Kerala's legendary mythical King Mahabali with fervour and feasting this year. No Onam festivity is complete without the traditional Onasadhya and this harvest season, award-winning Kerala speciality restaurant Kappa Chakka Kandhari (Chennai & Bengaluru), brings you a sumptuous traditional Onasadhya. The specially curated Onasadhya for dine-in comprises twenty-five traditional vegetarian dishes prepared by cooks from Kerala, is on offer by Kappa Chakka Kandhari, Chennai and Bengaluru, on August 25 and 26, 2026, for lunch only. In addition, there is the Onasadhya Box comprising the complete meal for 5-6 persons and a selection of traditional Onam Special Payasams for take-away on August 25 and August 26, 2026, to enjoy the much-loved festival with friends and family at home. Make your reservations for Onasadhya in advance or book our special take-away offerings, exclusively through our
Japanese stocks rebound as bond yields ease
Bond market concerns eased after the US Treasury said it would more than double its purchases of 10-, 20- and 30-year debt in the coming months. The move came after the US 30-year Treasury yield reached its highest level since 2007 earlier this week. Japans 10-year government bond yield also eased to around 2.84%, after touching a 30-year high of 2.95%.
Chinese stocks rebound as policy hopes build
The rebound came after the Peoples Bank of China kept its key lending rates unchanged. The one-year loan prime rate stayed at 3%, while the five-year rate remained at 3.5%. The move suggests policymakers are taking a cautious approach despite continued economic pressure.
Vipul Organics surges after commencing operations at greenfield Sayakha facility
Vipul Organics jumped 6.89% to Rs 262.95 after the company announced the commencement of commercial production at its greenfield Sayakha facility in Gujarat.
Krystal Integrated Services bags 134-cr order from MSRTC
Krystal will provide facility management from housekeeping and sanitation to technical maintenance and allied support services across MSRTCs Mumbai and Chhatrapati Sambhaji Nagar operations
Bengaluru (Karnataka) [India], August 20: Razorpay, India's Omnichannel Payments Platform for Businesses, today announced the launch of the Multi-Currency EEFC Account, enabling exporters and international businesses to receive payment settlements directly into their Exchange Earners' Foreign Currency (EEFC) accounts in the original transaction currency.
Amit Shah to visit Bengal for 3 days from Thursday to attend events on border security
Union Home Minister Amit Shah will visit Siliguri for three days starting Thursday. He will attend programs and chair meetings concerning border security matters. Shah will also interact with Sashastra Seema Bal personnel during his visit. High-level reviews of India's borders with Nepal, Bhutan, and Bangladesh are planned. This visit continues efforts to strengthen national border security arrangements.
Man declared HIV positive by AIIMS Rishikesh was found to be HIV negative when retested at another hospital. A consumer commission has upheld a ruling of medical negligence against AIIMS Rishikesh, ordering it to pay Rs 60,000 in compensation after finding the institution could not justify repeated HIV positive entries in its own discharge records.
Kamanwala Housing Construction Ltd leads losers in 'B' group
Infomedia Press Ltd, Incredible Industries Ltd, Sai Capital Ltd and Bodhi Tree Multimedia Ltd are among the other losers in the BSE's 'B' group today, 20 August 2026.
Sugar stocks rally after government tightens stockholding limits
Sugar stocks rallied after the government tightened stockholding limits for bulk sugar consumers ahead of the festive season.
Brahmaputra Infrastructure emerges L-1 for Rs 78-cr West Bengal project
Brahmaputra Infrastructure said it has been declared the lowest bidder (L-1) for a civil construction project worth Rs 78.09 crore in West Bengal.
Volumes spurt at MMTC Ltd counter
MMTC Ltd notched up volume of 373.46 lakh shares by 14:14 IST on NSE, a 29.12 fold spurt over two-week average daily volume of 12.82 lakh shares
Indo Borax & Chemicals board approves acquisition of majority stake in Kronox Lab Sciences
At meeting held on 20 August 2026
Euro holds over a three-month high against the dollar on Thursday, following a sharp jump in the previous session amid dollar plunge. The dollar index shed close to 1% yesterday after the US Treasury Department stepped in to provide relief to bond markets. The Treasury Department announced that it would at least double the maximum size of its liquidity-support buyback operations for longer-dated nominal securities. The current maximum size of $2 billion per operation will be at least $4 billion per operation. Dollar index slumped by near 1% yesterday and edged below 99 mark Meanwhile, elevated oil prices amid ongoing geopolitical tensions are seen driving inflation and increasing expectations of an ECB rate hike. Currently, EUR/USD is quoting at $1.1702, up 0.14% on the day after adding 0.84% in the previous session, and at a level last seen around mid-May. On the NSE, EUR/INR futures are trading at 111.79, up 0.63% on the day.
Brahmaputra Infra wins WBSEDCL project valued at Rs 78.09 cr
Bhopal (Madhya Pradesh) [India], August 20: We Win Limited (NSE: WEWIN | BSE: 543535), a technology enterprise spanning AI Solutions, E-Governance, and Citizen Services, today reported Q1 FY2027 revenue of 23.55 Crore, a 15.8% increase over the same quarter last year. This marks the company's fifth straight quarter of revenue growth, underscoring sustained demand across its three operating verticals.
Agrivoltaics systems, which ingeniously merge solar energy with agricultural practices, have demonstrated remarkable advantages, particularly amid arid conditions. In Germany, potatoes grown beneath solar panels thrived, revealing an impressive eleven percent yield increase during a drought crisis. Similarly, studies from the Sonoran Desert highlight both enhanced crop production and effective water conservation.
SC agrees to hear review pleas against 2022 verdict upholding ED powers under PMLA
The Supreme Court will hear review petitions challenging its 2022 judgment. These petitions question the Enforcement Directorate's powers under the PMLA law. Senior advocate Kapil Sibal argued for the review petitions' urgent hearing. The Centre opposes a wider review beyond specific issues. The court previously upheld key PMLA provisions and ED's arrest powers.
Actress Jane Seymour has maintained a consistent exercise routine well into her 70s. She focuses on Pilates and Gyrotonic training to support strength and mobility. Her approach to fitness emphasises consistency rather than intense workouts. Seymour has trained with Jeeny Miller for more than 18 years, highlighting the importance of regular movement as we age.
US dollar index slumps under 99 mark, Trump talks in favor of lower rates
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HDB Financial Services rises after brokerage upgrades stock to 'overweight'
HDB Financial Services rose 2.43% to Rs 697.65 after a foreign brokerage upgraded the stock to 'overweight' and raised its price target to Rs 850 per share.
United Breweries Ltd down for fifth straight session
United Breweries Ltd is quoting at Rs 1339.4, down 1.14% on the day as on 13:19 IST on the NSE. The stock tumbled 2.92% in last one year as compared to a 3.36% slide in NIFTY and a 15.05% spurt in the Nifty FMCG index.
Indian Oil Corporation Ltd down for fifth straight session
Indian Oil Corporation Ltd is quoting at Rs 136.21, down 0.07% on the day as on 13:19 IST on the NSE. The stock tumbled 3.7% in last one year as compared to a 3.36% slide in NIFTY and a 10.16% spurt in the Nifty Energy index.
Petronet LNG Ltd rises for third straight session
Petronet LNG Ltd is quoting at Rs 291.2, up 1.06% on the day as on 12:49 IST on the NSE. The stock is up 4.67% in last one year as compared to a 3.36% slide in NIFTY and a 10.17% slide in the Nifty Energy index.
NISUS launches its first tokenised offering - NIFCOT1
Aimed to bring RWAs onto blockchain infrastructure with institutional-grade safeguards
Recent research reveals that solar panels and farming can thrive together, particularly aiding livestock. While grass yield under solar panels was lower, lambs benefited from enhanced nutrition and reduced heat stress due to the shade provided. This innovative agrivoltaic approach allows simultaneous electricity generation and livestock grazing, and its popularity is rising across the country, especially with sheep utilizing solar sites.
Zappfresh owner DSM Fresh Foods eyes threefold revenue growth by FY28
BSE SME-listed company plans to scale its network to 200 stores, grow overseas sales to 70-80 crore and broaden its frozen-food portfolio as it aims 600 crore revenue by FY28
The discovery of GJ 523b, an exoplanet more than twice the size of Earth, has shaken scientists' understanding of rocky planet formation. This Mega-Earth, studied using TESS and Webb telescope data, showcases a significant core and a surprisingly light atmosphere. These intriguing findings highlight the need for further research to fully grasp the complexities of such unique celestial entities, as GJ 523b blurs the lines of conventional planetary science.
A Chennai couple who paid Rs 46 lakh for a flat in 2019 allegedly waited years without receiving possession, while continuing to pay both rent and home-loan EMIs. Wealth manager Kalyan Kumar Biswal said a 2025 consumer court ruling ordered the builder to refund the amount with 19% interest from 2019, taking the total to Rs 1.06 crore, including Rs 60 lakh in interest.
BMC Gen Z Fellowship: Mumbai's Brihanmumbai Municipal Corporation has launched the BMC Gen Z Fellowship 2026, offering 50 seats to graduates under 28 years of age for a monthly stipend of Rs 61,500 for a 12-month tenure. Applications are open online between 19 and 31 August 2026 with an application fee of Rs 500.
Quote of the day by Fernando Pessoa: Fernando Pessoa was a groundbreaking Portuguese writer who delved deeply into the concept of identity through his unique literary personas. His heteronyms, such as Alberto Caeiro and Ricardo Reis, presented varied perspectives on life. After his death, his writings surfaced, showcasing his essential thoughts on existence, creativity, and humanity's essence. Today, Pessoa is celebrated as a vital figure in modernist literature.
A small black diamond labeled on the tape measure indicates a precise 19.2 inches for floor joist spacing, effectively coordinating with plywood sheet dimensions. This alignment provides proper support for panel edges resting on joists. Span tables released by engineered wood associations highlight this spacing option specifically. It's important to differentiate this from wall stud spacing, which adheres to separate guidelines.
'Desi' Swiggy bets on Instamart model shift, mirroring main rival Blinkit
Swiggy's Instamart will adopt an inventory model after shareholder approval for India-owned status. This change allows Instamart to potentially improve margins and gain greater control. The quick-commerce unit aims to catch up with market leader Blinkit in this competitive sector. This shift requires higher working capital for inventory purchases and stock management. Instamart's transition is part of Swiggy's broader strategy for profitability.
India, Japan deepen maritime security ties, agree to explore joint naval shipbuilding
India and Japan agreed to deepen maritime security cooperation and naval coordination. They will strengthen naval coordination and explore joint development in shipbuilding. The pact will enhance cooperation in maritime domain awareness and disaster relief. Both nations will also enhance coordination for protecting sea lines of communication. This agreement aims to advance their defense partnership in the Indo-Pacific region.
