Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner as well as give a meaningful presence in the fuel marketing space.
China welcomes Prime Minister Narendra Modi's planned visit to the Tianjin Summit of the Shanghai Cooperation Organisation (SCO), expressing hope that the event will be a 'gathering of solidarity, friendship and fruitful results'.
The government has no say in where the country's refiners source oil from because these are commercial transactions.
By threatening to punish India with high tariff, Trump is actually planting a tantalising thought in the Indian mind that the Modi government should suitably 'incentivise' him, explains Ambassador M K Bhadrakumar.
Prime Minister Narendra Modi was offered a lift by Russian President Vladimir Putin in his AURUS limousine to reach the venue of their bilateral talks on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Tianjin on Monday.
Dhakshineswar shines on debut, Nagal makes winning return; India take 2-0 lead against Switzerland
World Champion D Gukesh went down to world's youngest-ever Grandmaster Abhimanyu Mishra of the US in the fifth round of the FIDE Grand Swiss.
Among Sensex firms, Maruti zoomed the most by 8.94 per cent. Bajaj Finance rallied over 5 per cent, UltraTech Cement by 3.71 per cent, and Bajaj Finserv by 3.7 per cent. Mahindra & Mahindra, Hindustan Unilever and Trent were also among the gainers. However, ITC was the biggest loser, dropping by 1.26 per cent. Eternal, Tech Mahindra and Larsen & Toubro also declined.
'There is definitely tepid demand because of the (reciprocal tariff) uncertainty.'
The Congress party has criticized the Modi government's approach to China following Prime Minister Narendra Modi's meeting with Chinese President Xi Jinping, questioning whether the government is legitimizing Chinese aggression.
Lieutenant General Vinod Khandare (retired), former principal adviser to the Ministry of Defence, discusses the implications of Operation Sindoor, including its impact on India's diplomatic relations and the need for improved civil defense.
'Prime minister is expected to hold some bilateral meetings on the sidelines of the SCO summit.'
Indian manufacturing sector witnessed the fastest improvement in operating conditions in over 17 years in August, driven by an increased production efficiency and healthy demand conditions, a monthly report said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 59.1 in July to 59.3 in August, indicating the fastest improvement in operating conditions for 17-and-a-half years.
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US' decision only for a short period of time as India controls 90% of diamond production.
'Modi's a great leader... But I don't understand why he's getting into bed with Putin and Xi Jinping...'
The jumper, who is in her 30s, had also competed in the Hangzhou Asian Games in 2023, a source in the Athletics Federation of India told PTI.
"We are contributing about 18 per cent, which is more than the US where the contribution is expected to be much less -- about 11 per cent or something. We are doing very well and we will continue to improve further," RBI governor Sanjay Malhotra said, replying to a question on Trump's recent comments.
An Indian defence firm has refuted a report in The New York Times that linked the company to a Russian arms agency, calling it "factually incorrect" and "misleading". The report suggested that military hardware supplied by a British firm to the Indian company may have found its way to Rosoboronexport, the Russian state arms agency. The Indian firm said it has scrupulously followed all its international obligations and that India's legal framework on strategic trade guides its companies' overseas ventures. The New York Times report cited documents claiming that a British aerospace manufacturer, H.R. Smith Group, sold sensitive technology to the Indian firm, which is a major trading partner of Rosoboronexport. The company, however, denied the allegations, stating that the equipment was destined for an Indian search-and-rescue network and is not designed for military use.
Putin further described the Ukraine conflict as a mere "pretext" by Western powers to take these broader punitive measures against countries maintaining strong economic ties with Russia.
Among Sensex firms, Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj Finserv and Titan were the major gainers. However, Tata Steel, Tech Mahindra, Adani Ports and Bharat Electronics were among the laggards.
From the Sensex firms, Bajaj Finance, Trent, Hindustan Unilever, HDFC Bank, Eternal, Bajaj Finserv, ICICI Bank, and Bharat Electronics were among the laggards. However, Maruti, Tech Mahindra, Mahindra & Mahindra and NTPC were among the major gainers.
US President Donald Trump expresses frustration with the lack of progress in trade talks with India, imposing a 25% tariff. The move comes amid concerns over trade deficits and India's reliance on Russian military equipment and energy.
'I love to be defending champion. For me, it's motivation, you know, and I want to do well.'
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including 25 per cent additional duties for India's purchase of Russian crude oil.
An influential US lawmaker claims his visit to India helped catalyze "early signals" that New Delhi may reduce its imports of Russian oil, a step he described as "meaningful" in weakening Moscow's ability to fund its war in Ukraine.
'Everyone is tense. It's the last slam of the season. Your last chance to go deep at a slam for a while.'
France today increasingly resembles the Italy of the past, when governments fell with bewildering regularity, prime ministers came and went in rapid succession, and political instability became the norm rather than the exception, point out Krishnan Srinivasan and Manoj Mohanka.
When the technology gap between China and India will remain large, cost-effective hardware of the kind that proved their worth in Operation Sindoor should be our priority, points out R Jagannathan.
'There are only a few countries in the world that have deployed combat-ready laser systems.'
The way to deal with a bully is to resist bullying, because submission in the first instance only invites even more overbearing demands in future. What may seem like a small price to pay now will lead to a much higher price later, warns former foreign secretary Shyam Saran.
Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.
Echoing United States President Donald Trump's stance on imposing economic sanctions against countries maintaining trade ties with Russia if Moscow doesn't put an end to the conflict in Ukraine, North Atlantic Treaty Organisaiton (NATO) Secretary General Mark Rutte on Tuesday (local time) urged India, China, and Brazil to reconsider their economic relations with Russia, warning of potential secondary sanctions, reported Reuters.
Russian officials and state media on Saturday celebrated United States President Donald Trump and his Ukrainian counterpart Volodomyr Zelensky's unprecedented clash at the White House.
Trump's new rules for how countries should treat him have led to the current breakdown in India-US relations, explains Ambassador T P Sreenivasan.
"I understood tariffs better than any human being in the world. And now with my tariffs, they were all dropping them. India was the most highly tariffed nation... And you know what, they've offered me no tariffs in India anymore. No tariffs," Trump said.
Maria Sharapova was officially inducted into the International Tennis Hall of Fame on Saturday night in Newport
A meeting with Chinese President Xi Jinping on the sidelines of the SCO summit is being planned.
'But that was not our aim. Our objective was already achieved.'
'We are a responsible nation, and would prefer to deal with sensitive issues with the maturity they deserve rather than take to social media.'
Wang is travelling to India days ahead of Prime Minister Narendra Modi's planned trip to the Chinese city of Tianjin to attend the annual summit of the Shanghai Cooperation Organisation.
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