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.
The early morning crackdown against the terror group in Ballari and Bengaluru in Karnataka, Amaravati, Mumbai and Pune in Maharashtra, Jamshedpur and Bokaro in Jharkhand and Delhi, led to the foiling of a plan by the accused to carry out terror acts, especially improvised explosive device blasts.
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.
What could have been an immensely compelling survival drama is reduced to the pretty-girl-in-peril thriller, observes a disappointed Mayur Sanap.
India's crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa. Russia however continues to remain India's top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world's third largest energy consumer imported in January.
According to the official, investigations so far have revealed he had transferred funds to the dreaded global terrorist group, also called Islamic State, three times.
Escalation of the conflict in West Asia between Israel and Iran has had a direct impact on the energy markets, and more broadly on the financial markets as well as the global economy.
The strikes were concentrated in an area in Pakistan's Balochistan where "one of the largest headquarters" of Jaish al-Adl was located, the report said.
Two-hundred Indians landed in New Delhi from Najaf in trouble-torn Iraq on a special chartered flight of Iraq Airways early on Sunday.
In an address at a security conclave of the Shanghai Cooperation Organisation in the Kazakh capital, he also underlined the need for holding accountable the sponsors, financiers and facilitators of terrorism, in remarks that came amid Pakistan's continuing support to various terror groups.
Any curious mind, the court observed, can access and download such content from the internet, which, by itself, is not a crime.
The United States military forces on Thursday (US local time) conducted self-defence strikes on two facilities in eastern Syria used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups.
Biden would also travel to Jordan for a summit meeting with the heads of States of Jordan, Egypt and the president of Palestinian Authority.
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.
"If municipal elections can take place in Hyderabad and Assam, why not here. The situation is worse than Kashmir and is similar to that of Iran and Iraq. Didi (Mamata Banerjee) has proved that West Bengal's law and order is not conducive to go for polls," he said while addressing a party meeting in Kolkata.
India has evacuated 17 more of its nationals from the conflict zone of Iraq with the help of local authorities taking the total number of those rescued so far to 34 and also advised its citizens to leave on voluntary basis by commercial means in view of the "fragile" security situation.
The pro-Iran militia did not say who was responsible but Iraqi state television reported it was a US air strike.
With a jam-packed schedule brimming with both legendary athletes and captivating storylines, Paris 2024 promises unforgettable moments.
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 journalist, who shot to fame for hurling a shoe at the then US president, calling him a dog, wants to fight corruption and rebuild Iraq. Muntadhar al-Zaidi speaks to Subhash K Jha.
Mentioning the recent attacks on US forces in Syria and Iraq, he added, "The US sent messages to the Axis of Resistance but received a clear response on the battlefield."
United States President Barack Obama has authorised "targeted air strikes" against Islamic militants to protect American military personnel and airdrops of meals and water to thousands of religious minorities trapped on a mountaintop in northwest Iraq.
The 4000-page chargesheet, which was filed in the court of special NIA judge AK Lahoti, has 16 protected witnesses.
Iraqi Prime Minister Haider al-Abadi welcomed a decision from soccer's world governing body FIFA to lift a ban on hosting competitive international soccer matches at stadiums in three Iraqi cities.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
The United States, Canada and the United Nations have condemned the Iranian air attack on Israel, with President Joe Biden reaffirming America's 'ironclad commitment' to the Jewish nation and vowing to convene a meeting of the G-7 leaders on Sunday to develop a coordinated response to the brazen assault.
The external affairs minister said that the dreaded terror outfit Islamic State had killed all the Indian nationals.
The Iraq Football Association (IFA) pledged their support for Prince Ali Bin Al Hussein in next month's FIFA presidential election.
Shocks were also felt in Pakistan, Lebanon, Kuwait and Turkey, news agencies in those countries reported.
Dawtrey said he was planning to quit his job in May and travel to India to train in an academy affiliated with Pro Kabaddi side UP Yoddha.
In Amman, Biden will meet with King Abdullah of Jordan, Egyptian President Abdel Fattah El-Sisi, and Palestinian Authority President Mahmoud Abbas.
The United States on Friday ruled out a full-scale reinvasion of Iraq by American military in view of the Islamic State gaining ground in the country.
As many as 91 more youths from Punjab returned to India on Tuesday from strife-torn Iraq on special flights.
A Muslim youth, one of the four from Kalyan on the outskirts Mumbai who left their homes and joined the Islamic State also known as ISIS in Iraq, has been reportedly killed.
News of all that's transpired on and off the football field.
Iraq is on the verge of collapsing and foreign military intervention is inevitable. But for those who follow the developments in Iraq and the Middle-East will understand the current situation is nothing but a culmination of US and western policies toward the region, says Dr Waiel Awwad
The Indian duo of Satnam Singh and Parminder Singh took top place in the repechage to qualify for the final in the double sculls at the Asian Games in Hangzhou on Thursday.
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