Fitch Ratings has warned that India's oil marketing companies (OMCs) could face significant credit pressure if crude oil prices remain elevated, leading to eroded earnings and increased working capital needs due to delayed fuel price pass-through.
India's newly formed Artificial Intelligence Governance and Economic Group (AIGEG) is set to advocate for a unified legal framework for AI companies, including developers of large language models and chatbot systems, alongside broader operational rules.
IOA President PT Usha emphasises the importance of athlete-centric policies in Indian sports administration, highlighting the need for prioritising athlete welfare and development.
'Vijay did not defeat Dravidian politics from outside. He entered the Dravidian field and claimed ownership of it. 'His argument was not that the room should be destroyed. It was that the present occupants no longer deserved to remain in it.'
JCD Prabhakar of the TVK party has been unanimously elected as the Speaker of the Tamil Nadu Assembly. Chief Minister C Joseph Vijay emphasised the Assembly's role in transforming public expectations into effective policies and laws.
A suicide bomb attack at a police station in Pakistan's Khyber Pakhtunkhwa province resulted in the death of at least three policemen and injuries to several others, followed by a gunfight between security forces and militants.
Senior NCP (SP) leader Jayant Patil has criticised the Maharashtra government over farmer suicides and crimes against women, alleging widespread corruption within the ruling alliance.
Gurugram police demolished an illegal property belonging to a criminal, Narendra alias Pawwa, in Budhera village as part of a crackdown on land mafias.
India possesses two months of fuel stockpiles and faces no supply concerns despite global energy disruptions, according to Oil Minister Hardeep Singh Puri. However, state-run fuel retailers are incurring losses of up to Rs 1 lakh crore in a single quarter due to elevated crude prices and unchanged retail fuel prices, raising questions about the sustainability of these losses.
Maharashtra minister Sanjay Shirsat has accused AIMIM corporator Matin Patel of double standards for allegedly harbouring Nida Khan, who is accused in a Nashik TCS sexual harassment and forced conversion case.
A communication from United World Wrestling's anti-doping department confirmed Vinesh Phogat's retirement intimation to the International Testing Agency (ITA) in December 2024, amidst claims and controversies surrounding her comeback and eligibility for the Asian Games.
The Supreme Court of India has directed the central government to establish a no-fault compensation policy for individuals who experience serious adverse events after receiving a COVID-19 vaccine.
The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.
The Confederation of Indian Industry (CII) has urged the Indian government to gradually restore the Rs 10-per-litre cut in special additional excise duty on petrol and diesel over six to nine months. This move aims to relieve pressure on government finances as crude oil prices stabilise, without significantly impacting consumer sentiment.
The Chhatrapati Sambhajinagar Municipal Corporation demolished alleged illegal constructions at the residence and other properties of AIMIM corporator Matin Patel, who is accused of harbouring Nida Khan, wanted in connection with a TCS case.
Vinesh Phogat has responded to the Wrestling Federation of India's show-cause notice, asserting her eligibility to compete in the National Open Ranking tournament despite the WFI's stance against it.
The State Department spokesperson said the US will continue to engage meaningfully with the people and officials of Khyber Pakhtunkhwa to foster economic ties, promote regional security, and advance the interests of the American people.
Andhra Pradesh is spearheading an ambitious initiative to establish a fully integrated beach sand minerals, rare earth, and titanium ecosystem, aiming to attract over 50,000 crore in investments over the next decade. This move is part of India's broader strategy to reduce its reliance on China for strategic minerals and permanent magnets, with the state preparing a comprehensive rare earth policy and planning specialised industrial clusters.
V D Satheesan, a 61-year-old lawyer-turned-politician, has emerged as a prominent figure in Kerala politics, known for his aggressive opposition to the Left government and his role in revitalising the Congress party. His journey from student politics to a key leadership position highlights his strategic acumen and dedication to addressing local issues.
The VCK party, led by Thol Thirumavalavan, will announce its official position on supporting Vijay's TVK in forming the government. The decision follows discussions regarding power-sharing and key positions within the new government.
A court in Nashik has extended the police custody of four TCS employees until May 2 in connection with the alleged religious conversion of a male colleague. The accused are also facing accusations of sexual harassment from female colleagues.
India will allow Pakistan athletes and teams to compete in international events hosted in the country, but bilateral sporting ties between the neighbours remain suspended.
The Revolutionary Socialist Party (RSP), a key ally in the United Democratic Front (UDF) coalition, has voiced its discontent with the Congress party over the prolonged delay in selecting a Chief Minister for Kerala, describing the situation as a 'political uncertainty' that is 'unfortunate'.
Vinesh Phogat has responded to the Wrestling Federation of India's show-cause notice, asserting her eligibility to return from retirement. The WFI, however, maintains that disciplinary proceedings must conclude before she can compete in the National Open Ranking tournament.
Donald Trump has issued a stern warning to Iran, stating that the US will take a tougher stance if a diplomatic resolution regarding its nuclear programme is not reached soon.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
West Bengal's appointment of Manoj Agarwal, the former Chief Electoral Officer, as the new Chief Secretary has ignited a political firestorm, raising concerns about the fairness and impartiality of the state's electoral processes.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.
Prime Minister Narendra Modi has urged for restraint in the use of petro products due to the West Asia crisis, emphasising the need to save foreign exchange and reduce the impact of war. He also highlighted India's progress in solar power and ethanol blending, while assuring support to Telangana's development.
Iranian President Masoud Pezeshkian stated that Iran is considering various paths to address regional tensions, including negotiations conducted with dignity and authority, while emphasising that military gains should be reinforced through diplomacy.
India has expressed serious concerns about the West Asia crisis and its potential impact on energy supplies and maritime stability, urging BRICS nations to find practical solutions to geopolitical challenges and unilateral sanctions.
Actor-politician Vijay's TVK party is likely to form the government, bringing focus to their election promises, including gold for marriage, financial assistance for women, and job creation.
Punjab Minister Aman Arora has accused the Enforcement Directorate (ED) of defaming him by linking his name to recent raids in a money laundering probe. Arora alleges the BJP-led Centre is running a politically motivated campaign to malign him and has offered full cooperation with any inquiry.
Explore Bollywood's enduring fascination with infidelity as new films like Pati Patni Aur Woh Do and Hai Jawani Toh Ishq Hona Hai continue a cinematic tradition of depicting adultery through various classic tropes and evolving narratives.
Asian Games silver medallist Deepak Punia discusses the impact of the wrestlers' protest on his career and his aspirations for the upcoming Asian Games.
Suvendu Adhikari's rise within the BJP in West Bengal has been marked by strategic victories and relentless opposition to the TMC, culminating in his leadership role within the party's legislative wing.
BJP leader Himanta Biswa Sarma has been appointed as the Chief Minister of Assam, marking the NDA's third consecutive government in the state. Sarma's swearing-in ceremony is scheduled for May 12, with key political figures expected to attend.
Bengaluru police have seized drugs worth over 36 crore and arrested 16 people, including four foreign nationals, in recent operations, according to Karnataka Home Minister G Parameshwara.
Uncertainties stemming from the West Asia crisis and its potential impact on inflation and economic growth were key factors in the Reserve Bank of India's Monetary Policy Committee (MPC) decision to maintain the status quo on interest rates, according to the recently released MPC meeting minutes.
'Nepal today is far more aware, self-confident, aspirational, and assertive.' 'India's policy so far has not been geared to this shift. It is time to redraw our Nepal strategy.'
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