Indian imports of Russian oil plunged by a record in August month-on-month (M-o-M) as discounts on the fuel shrank in tandem with rising Brent oil prices. Higher crude prices will drive inflation or hurt earnings at oil companies and India's fiscal position if such spikes are not passed on to consumers. Indian purchases of Russian crude declined by around 24 per cent in August from July to the lowest level since January, with refiners expecting volumes to drop further amid rising rates of Russian benchmark Urals grade, substantial stocks at refiners, and planned maintenance at Indian refineries, according to ship tracking data and industry officials.
The summit is being attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organisations.
This could become tricky territory for India, given its basically adversarial relationship with China, its moves to block imports and investment from that country, and to deny market access for Chinese technologies, observes T N Ninan.
LA Knight Riders and MI New York have roped in top international stars for the debut season of the Major League Cricket.
NASA's SpaceX Crew-6 mission departed for the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, USA, on March 2, 2023.
'IT companies do not have a large presence there either in terms of market and team. So, the impact of the war will be minimal. But West Asia is an emerging economy.'
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
China on Tuesday inked an agreement worth a whopping USD 4.8 billion with cash-strapped Pakistan to set up a 1,200-megawatt nuclear power plant as a sign of increasing strategic cooperation between the two all-weather allies.
'By making it so public in the House of Commons, you know the reaction in India... Mr Modi is not very happy about it; you're kicking out Canadian diplomats; you suspended visa services for Canadians...'
The biggest question looming over the summit is whether there will be a joint leaders' declaration in view of the sharp differences between the West and the Russia-China combine on the text to describe the Ukraine conflict in the document.
Briefing reporters on the ongoing evacuation mission 'Operation Kaveri', Kwatra said approximately 1,700 to 2,000 Indian nationals were moved out of the conflict zones and they included the citizens already evacuated out of Sudan as well as those who are on their way to Port Sudan from capital city Khartoum.
India have been fined 60 per cent of their match fee for maintaining a slow over-rate against New Zealand in the first ODI in Hyderabad on Wednesday.
Images from UEFA Champions League matches played on Wednesday.
Simon Katich has been named the head coach of their Cape Town franchise in the new T20 league in South Africa.
As India's stock rises, the resolution of the border row may become even more difficult, warn Harsh V Pant and Kalpit Mankikar.
The number of ultra-high net worth individuals (UHNWIs) in India is expected to rise 58.4 per cent in the next five years from 12,069 in 2022 to 19,119 in 2027, a report by property consultancy Knight Frank said on Wednesday. In its "The Wealth Report 2023", Knight Frank said that the number of Indian UHNWIs, with a net worth of $30 million or above, fell 7.5 per cent in 2022 due to economic slowdown, rate hikes, appreciation of the US dollar and geopolitical uncertainties. Globally, the number of UHNWIs fell 3.8 per cent in 2022 compared to 2021.
Namibia savoured their finest international win in front of thousands of Sri Lankan fans at Geelong's Kardinia Park
'We have had three wars with India, and they have only brought more misery, poverty, and unemployment to the people'
Pakistan's former military ruler General Pervez Musharraf's body will be laid to rest in Karachi, and will be brought back to the country on a special flight that will leave for Dubai on Monday, media reports said.
Former champions Pakistan begin their Asia Cup campaign in an August 28 blockbuster against arch-rivals India in Dubai.
Modi held a "productive meeting" with his Ethiopian counterpart Abiy Ahmed Ali on a day when BRICS (Brazil, Russia, India, China and South Africa) leaders officially endorsed Ethiopia's entry into the bloc.
Images from the English Premier League matches played on Saturday
Sources said Rujira had reached Netaji Subhas Chandra Bose International Airport in Kolkata with her two children around 7am before being stopped before immigration.
Chelsea lost for the sixth time in six games in all competitions since interim coach Frank Lampard replaced Graham Potter last month, a dismal run for a club who were crowned European champions as recently as two years ago.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
Terror group Al Qaeda is "shaping" its regional affiliate in the Indian subcontinent to spread its operations into Jammu and Kashmir, Bangladesh and Myanmar, according to a UN report.
The IPL, with an estimated brand value of $8.4 billion, continues to attract the world's top players and coaches.
Hafiz Abdul Salam Bhuttavi, an United Nations-designated terrorist who trained the Lashkar-e-Taiba (LeT) attackers for the 2008 Mumbai terror attack and acted as the outfit's chief on at least two occasions, died in a prison in Pakistan's Punjab province while serving a sentence for terror financing, his aide said on Wednesday.
The Oil prices have surged and surpassed $85 per barrel after several oil producer countries announced surprise cuts in production, TASS Agency reported. According to the Russian News Agency, this is the first time since March 7 that the price of futures contracts of Brent crude oil surged. The price of futures contracts of Brent crude oil for June 2023 delivery on London's ICE surpassed $85 per barrel.
Air India has finalised an order for around 250 aircraft with Airbus and the deal is expected to be announced next week, a source said on Thursday. The source in the know also said the airline has signed a deal with Boeing for about 200 planes. Specific details could not be immediately ascertained and there was no immediate comments from Air India about the deals.
Neither Sania nor Shoaib has made any announcement in this regard.
In more than a decade since 2002, 60 fugitives were extradited or deported by foreign governments to India, which received a major victory in its fight to bring the perpetrators of the 26/11 Mumbai attacks to justice when a US federal court agreed to the extradition of Pakistani-origin Canadian businessman Tahawwur Rana to the country.
Batter George Munsey believes Scotland's recent exploits mean they will be seen as a force to be reckoned with at the ICC Men's World Cup Qualifier.
Aaron Finch bows out as one of his country's greatest limited-overs players and as the captain who delivered Australia a first global T20 title in the United Arab Emirates in 2021.
Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
The planes had come on the same runway during take-off from the airport. The DGCA has asked UAE's General Civil Aviation Authority (GCAA) to share its investigation report on this incident.
World Cup 2023 Qualifiers: West Indies, Sri Lanka in separate groups
A summary of the UEFA Champions League Group Stage action, on Wednesday.
A delegation from Israel's foreign ministry will be allowed to provide consular assistance from Doha for its citizens coming for the World Cup matches.
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