India and China have reached an agreement on military disengagement along their disputed border, New Delhi said, a step toward reducing frictions between the nuclear-armed neighbors that comes as both countries’ leaders arrive in Russia for a summit.

Four years ago, several soldiers from both sides were killed in a bloody melee. Any thaw between the countries could have global implications.

India and China have agreed on patrolling arrangements to de-escalate tensions along a disputed Himalayan border which has seen deadly hand-to-hand clashes in recent years, India’s top diplomat has said. Vikram Misri said on Monday the two sides have agreed on “disengagement and resolution of issues in these [border] areas that had arisen in 2020”.

Shares of Hyundai Motor India dropped as much as 6% in their market debut on Tuesday, after a tepid response from retail investors to the pricing of the country’s largest ever initial public offering.

By Nandan Mandayam and Dhwani Pandya BENGALURU/MUMBAI (Reuters) -Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country's biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown.

India's Narendra Modi told Russian President Vladimir Putin on the eve of the BRICS summit that he wanted peace in Ukraine and that New Delhi was ready to help achieve a truce to end Europe's deadliest conflict since World War Two.

Indian Prime Minister Narendra Modi said he wanted the Ukraine conflict to be resolved peacefully and "quickly" as he met President Vladimir Putin at the BRICS summit in Russia on

PM Modi and President Putin emphasized peaceful resolution of the Russia-Ukraine conflict during their bilateral meeting. Modi highlighted India's ongoing diplomatic efforts and the humanitarian priority while Putin acknowledged the strategic partnership.