India will maintain multiple sources for crude oil purchases and diversify them to ensure stability in the supply chain with national interests remaining the "guiding factor" for the procurement, Foreign Secretary Vikram Misri said.
The output of eight key infrastructure sectors slowed down to an eight-month low of 0.5 per cent in April due to contraction in the production of crude oil, refinery products and fertiliser. According to official data released on Tuesday, these eight sectors -- coal, crude oil, refinery products, natural gas, steel, cement, electricity and fertiliser -- expanded by 6.9 per cent in April 2024.
Images from Day 6 of the Paris 2024 Paralympic Games on Tuesday, September 3, 2024.
The output of eight key infrastructure sectors slowed down to 4.3 per cent in November 2024 against 7.9 per cent growth registered a year ago, according to official data released on Tuesday. On a monthly basis, the production growth of these sectors was higher than the 3.7 per cent expansion recorded in October 2024.
The strongest earthquake in a quarter-century rocked Taiwan during the morning rush hour on April 03, 2024, killing nine people and injuring hundreds.
Sharad Kumar and Mariyappan Thangavelu won silver and bronze respectively in the men's High Jump T63 while Ajeet Singh and Sundar Singh Gurjar took the second and third spots in the Javelin Throw F46 final.
Gold in Rio. Silver in Tokyo. Bronze in Paris. Mariyappan Thangavelu is a Paralympic legend.
Images from Day 5 of the Paralympic Games in Paris on Monday, September 2, 2024.
A summary of India's athletes' showing at the Paris Paralympics on Tuesday.
The growth of eight key infrastructure sectors rose to 5.2 per cent year-on-year in March due to improvement in the output of crude oil, cement and electricity, according to official data released on Tuesday. In 2023-24, the growth rate in the output of these eight sectors was 7.5 per cent, marginally down from 7.8 per cent recorded in the year-ago period.
Even as Russia and West Asia have been slugging it out for market share in India to sell their crude oil, the US is quietly making its moves on the sidelines. The US has doubled its share of the Indian crude market in the past few months, according to industry sources and ship-tracking data. Some of the increase in America's market share may have come at the expense of Russia, India's biggest crude oil supplier, said industry sources.
Beijing on Wednesday shut down 40 subway stations -- about 10 per cent of the total -- and 158 bus routes metro stations besides schools, restaurants and businesses and ordered daily COVID-19 testing of its 21 million residents as the Chinese capital ramped up measures to prevent the spread of the highly transmissible Omicron variant which has brought the financial hub Shanghai to halt for over a month.
The production growth of eight key infrastructure sectors slowed to a six-month low of 7.8 per cent in November due to a decline in the output of crude oil and cement sectors. The growth rate in the production of coal, fertiliser, steel, and electricity also decreased during November this year. According to the data released by the government on Friday, the growth during the month under review, however, is higher than the 5.7 per cent recorded a year ago.
The Chinese Communist party's central committee on Thursday, November 11, adopted a landmark resolution on the party's 'major achievements and historic experiences', effectively consolidating CCP General Secretary Xi Jinping's lifelong hold on power.
The celebrations began with a fly past and Chinese President Xi Jinping, who heads the Communist Party of China, arrived at the function dressed in the Mao suit.
The output of eight infrastructure sectors registered a growth of 3.6 per cent in March 2023, the slowest in five months, showed government data released on Friday. The output of core sectors had increased by 7.2 per cent in February 2023 and 4.8 per cent in the year-ago month. The previous low was 0.7 per cent in October 2022.
China's top respiratory disease expert Zhong Nanshan warned of a small COVID-19 spike in the winter and reminded the elderly and vulnerable populations to get vaccinated as soon as possible, state-run Global Times reported.
Despite Beijing reporting just 51 new cases on Wednesday, China's capital tightened Covid restrictions as it battled an outbreak.
Glimpses from China after the People's Liberation Army begun military exercises surrounding the island of Taiwan on August 4, 2022.
Over a million officials are said to have been punished in Xi's anti-corruption campaign according to the official media accounts. The intensity of the campaign also attracted criticism that Xi made effective use of it to silence his critics and rivals within the party.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
Apple Inc has requested the ministry of electronics and information technology (MeitY) to give it 18 to 24 months' exemption to comply with the European Union (EU) regulation of putting an USB charging port in all its older smartphones, mainly iPhone 13 and iPhone 14, which are assembled, exported and also sold in the domestic market. Apple's stance is different from that of Samsung, which has been pushing for an immediate implementation of the EU regulation. All smartphones by the South Korean giant already comply with the EU rules.
A delivery worker, who says he is living at a bus stop because he has been unable to return home for weeks due to the COVID-19 pandemic lockdown in Shanghai, brushes his teeth on the street.
China's size and ambition have enabled it to successfully penetrate every sector of the UK's economy, an influential parliamentary panel has said, warning that Beijing's national imperative continues to become a technological and economic superpower on which other countries are reliant, which represents the "greatest risk" to the UK.
The government has brought back the windfall profit tax on domestically produced crude oil after international prices firmed up while the levy on export of diesel has been cut to nil, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) is now Rs 6,400 per tonne with effect from Wednesday, the order dated April 18 said. At the last revision on April 4, windfall tax on domestically produced crude oil was cut to nil as international oil prices dipped below $75 per barrel.
A 19-year-old boy from Venezuela has broken the Guinness World Record for the largest feet.
The government on Friday cut the windfall profit tax on locally produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF). At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to Rs 10,500 per tonne from Rs 13,300 per tonne. The levy on the export of diesel was reduced to Rs 10 per litre from Rs 13.5. Also, the tax on Aviation Turbine Fuel (ATF) exports was cut to Rs 5 a litre from Rs 9 with effect from September 17, according to a finance ministry notification issued late Friday night.
'The Asia-Pacific region cannot and should not relapse into the confrontation and division of the Cold War era,' he said at the Asia-Pacific Economic Cooperation CEO Summit via video, Xinhua reported.
Xi Jinping, general secretary of the Chinese Communist party, at the the closing session of the Chinese People's Political Consultative Conference at the Great Hall of the People in Beijing, Thursday, March 10, 2022.
Any miscalculation and miscommunication are fraught with the risk of a major catastrophe, warns Rup Narayan Das.
India has substantially increased its crude oil imports from the US, with the country's share in India's crude basket hitting a record 14.3 per cent in December, commerce ministry data showed.
The stock of India's largest agrochemical player - UPL (formerly United Phosphorus) - fell 2.8 per cent in trade. It was among the top losers in the BSE 100 on Tuesday. Weak 2022-23 (FY23) January-March quarter (fourth quarter, or Q4) performance and muted near-term outlook led to the decline. The company reported lacklustre growth in revenue of 4 per cent on the back of a price reduction of 3 per cent and volume growth of 1 per cent.
India's first privately developed rocket -- Vikram-S -- is set for launch in a sub-orbital mission with three payloads between November 12 and 16, Hyderabad-based space startup Skyroot Aerospace announced on Tuesday.
In the coming months, globally as well as in India, rice might remain a hot potato.
Beijing on Monday began mass COVID-19 testing of over 3.5 million people in one of the city's high-profile districts following a spike in cases, while Shanghai reported a record 51 deaths in a day as the eastern metropolis continued to grapple with the Omicron variant for the fourth week.
Xi Jinping, general secretary of the Chinese Communist party, attended the opening session of the National People's Congress, his country's parliament, at the Great Hall of the People in Beijing, March 5, 2022.
The Chinese capital, which is battling the spread of the Omicron variant similar to Shanghai, has ordered mass testing from Tuesday in 11 of its districts, virtually covering all its 21 million population.
India is deeply concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is "breaking our back," External Affairs Minister S Jaishankar has said. Addressing a joint press conference with US Secretary of State Antony Blinken after holding bilateral talks, Jaishankar on Tuesday said there is a very deep concern among developing countries about how their energy needs are addressed. Speaking about the Ukraine war, he said: "We have taken the position privately, publicly, confidentially and consistently that this conflict is not in anybody's interest."
As the kharif season is setting in, India is scrambling to source fertilisers from the international market. It is set to sign long-term contracts - especially with Morocco and Latin American countries - to ensure steady flow of supplies. "We have to source fertilisers wherever it is available because crops have to be secured.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances