Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED & fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the "endless chatter" of Fed governors, Wood believes the news flow in the financial sphere "pales into complete insignificance" compared with the "tectonic shifts" going on in geopolitics.

'2019 was fought on delivery. But in 2024, you can see the before and after effects.'

Indian Oil Corporation (IOC) on Tuesday reported halving of its March quarter net profit largely because of losses in the petrochemical business and shrinking margin after it announced a pre-election fuel price cut despite rising input costs. The net profit of Rs 4,837.69 crore in January-March compared to Rs 10,058.69 crore a year back and Rs 8,063.39 crore in the preceding October-December quarter, according to a stock exchange filing by the company.

India's net oil import bill could widen to $101-104 billion in current fiscal from $96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said on Tuesday. The domestic rating agency said based on its analysis, lower value of Russian oil imports is estimated to have led to savings of $7.9 billion in 11 months (April-February) of 2023-24, up from $5.1 billion in 2022-23.

Targeting Modi over inflation, Priyanka called him a "mehengai" man.

According to the original timeline, the ships were to be delivered by 2022, they said, attributing the delays in the delivery to Russia's war in Ukraine.

Addressing an event in New Delhi, Gen Pande also said the recent global developments have underscored that the security of the nation can neither be outsourced nor be dependent on the largesse of others.

The increase in India's military spending was "mainly a result of growing personnel and operations costs" which made up almost 80 percent of the total military budget in 2023, the SIPRI report claimed.

Teenaged Indian Grandmaster D Gukesh shot into sole lead after defeating Firouzja Alireza of France in the 13th and penultimate round of Candidates' Chess tournament in Toronto on Saturday, his quest for the extraordinary placing him on the cusp of becoming the youngest ever World Championship contender.

One bill provides $60.8 billion for Ukraine, with over 80 percent of it for helping Kyiv amid its ongoing war with Russia, including replenishing supplies of US made weapons and ammunition.

Gukesh to clash with Alireza on what promises to be a photo finish

Taking a dig at Pakistan without naming it, Prime Minister Narendra Modi on Friday said a country which was a supplier of aatank (terror) is struggling for aata (flour) these days.

Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.

Pragg, Gujrathi out of contention

The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.

Kundra, it claimed, received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi scam Amit Bhardwaj for setting up Bitcoin mining farm in Ukraine.

D Gukesh played out a creditable draw against top seed Fabiano Caruana but slipped a rung to the joint second position.

Many locals grumble that it will mostly be an inconvenience.

Addressing mediapersons after the investiture ceremony of ARTRAC, Singh said the Army has to understand and study these scenarios so that it is prepared if it has to undergo a similar situation tomorrow.

Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.

The torch for the Paris 2024 Olympic Games was lit in ancient Olympia

Indian Grandmaster D Gukesh held on to the joint top spot with Russian Ian Nepomniachtchi after they played out an easy draw in the 10th round of the Candidates chess tournament in Toronto.

Gukesh tried his hands at the Ruy Lopez as white but did not get much against Praggnanandhaa. Both the teenagers have been showing great skills here against the world's best and there was nothing to choose between them when pieces flew off the board in tandem. The game was drawn in 41 moves.

Defence Minister Rajnath Singh on Sunday claimed that Prime Minister Narendra Modi has been receiving invitations for functions scheduled much after the Lok Sabha polls, which showed the 'entire world believes his return to power is inevitable'.

India's D Gukesh bounced back with a finely crafted game to outwit compatriot Vidit Gujrathi and regain his joint lead with Ian Nepomniachtchi of Russia after the eighth round in the Candidates chess tournament in Toronto on Friday.

Grandmaster R Praggnanandhaa and Vidit Gujrathi scored crushing victories, while D Gukesh held on to the joint top spot with a draw in a brilliant sixth-round outing for the Indian men's team at the Candidates Chess Tournament in Toronto.

Gukesh faced the in-vogue Italian opening as black against Caruana and the players battled it out in the main variation.

Grandmaster R Praggnanandhaa produced a spectacular game to get the better of fellow-Indian Vidit Gujrathi in the third round of the Candidates Chess tournament in Toronto on Saturday.

Grandmaster Koneru Humpy will spearhead the Indian challenge in the Women's candidates' chess tournament that will get underway in Toronto, Canada from Wednesday.

Key infrastructure sectors -- from railways to power, and from coal to petroleum -- will not only be part of the achievements but promises too, as the BJP fights to get a third term at the Centre.

Jaishankar said the US ambassador will say what he feels is the thinking or position of his government.

Jubilant Ukraine reach Euro 2024 finals with Iceland win

Iga Swiatek's hopes of landing another 'Sunshine Double' ended in a 6-4, 6-2 fourth round loss to Ekaterina Alexandrova on Monday as the world number one joined third seed Coco Gauff in making an early exit from the Miami Open.

DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).

'Given the inherent volatility, investors should take at least a three to five-year view.'

However, he suggested that Ukraine was also somehow involved.

The Islamic State of Iran and Syria has claimed responsibility for the massive attack on concert hall in the Russian capital, CNN reported.

How will Russian athletes be cleared to compete at Paris 2024?

Lootere deserves points for originality and novelty, observes Deepa Gahlot.

Despite discounts on Russian crude oil - which fell to the lowest since the Ukraine war began - and the rising sanctions, import volumes from the country will remain stable for now or at least till July, said refinery officials. "There is an appetite for Russian crude, and shipments are not expected to taper off beyond this point unless something major happens. "Talks are on, and buying will continue," an official at a major refinery said.