India may see a structural shift in supplies of crude oil with Russia emerging as a key source of fuels, a development that reduces New Delhi's dependence on West Asian oil, gives Indian refiners better bargaining power with price-setter Saudi Arabia, and improves overall energy security. The unexpected surge in supplies of Russian crude in the last few months, unthinkable until the war in Ukraine, may also deliver other unforeseen gains such as boosting exports of refined fuels to Europe, which historically has counted on Russian shipments. India has jumped on to the bandwagon of opportunistic buying of Russian crude but if calibrated carefully, Urals crude can be a long-term asset for India refiners.
The new wing will be known as the corporate finance investigation department, which will be headed by one of Sebi's executive directors. This department will have information technology solutions experts, particularly to detect the menace of frauds.
The Delhi government in next 2-3 days will come up with 6,000 beds at Yamuna Sports Complex, Radha Swami Satsang Beas premises and schools. It is also arranging high flow oxygen beds for the patients, Kejriwal added.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
An adverse outcome against the BJP in UP can well be taken into its stride by the ruling combine at the Centre, argues Virendra Kapoor.
The company will now focus on specialty products in Japan; it is open to inorganic opportunities, especially in India.
It is learnt that the camp office in Lviv would be able to coordinate the evacuation of Indians to Poland and Hungary while the one at Chernivtsi would facilitate exit to Romania.
Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The apex court, which has been mulling over the issue in its meetings held at the residence of Chief Justice of India S A Bobde on Thursday and Friday, took note of the government's March 5 advisory cautioning against mass gatherings in view of the fact that the World Health Organisation has declared COVID-19 a 'global pandemic'.
Ranjeet Bachchan, 40, who had founded the little known Vishwa Hindu Mahasabha, was allegedly killed because he was "delaying" the proceedings to divorce his wife Smriti Srivastava, who wanted to marry Deepender.
The widening differences between Punjab Congress leaders -- Captain Amarinder Singh and Navjot Singh Sidhu intensified with their wives joining them in the conflict.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
In Bihar, where a bandh had been called, a railway station and a police vehicle were torched, an ambulance attacked and security personnel injured in stone-pelting incidents on the fourth consecutive day of the agitation, while protesters vandalised Ludhiana railway station in Punjab and blocked roads and rail tracks in West Bengal, Haryana, Rajasthan, Maharashtra, Odisha and Uttar Pradesh.
'Today, I saw the pictures of posters, asking me to clarify whether I am a lawyer or a police officer, being pasted on the main gate of my chamber'
Noting that the border disputes go back to the British era, Sarma in an said Assam has been holding talks with other states too and faulted the previous Congress governments for not clearly demarcating boundaries while carving out new states.
The office, spread over 52,775 square feet carpet area, in Mumbai's suburban financial centre Bandra Kurla Complex, is on the fourth floor of the building 'Jet Airways Godrej BKC'.
'Banking is a business of trust.'
The LDF government -- which has negotiated a series of crises in the form of natural disasters to the Covid pandemic -- cannot turn a blind eye to the accumulated debt of the state that now exceeds Rs 3 trillion and the need for more jobs, investment and industry.
Ramesh Menon, the veteran journalist suggests Prime Minister Narendra Damodardas Modi what he should do if he wants to win 2024 Lok Sabha elections.
Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against a new round of lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. The 29-year-old former executive director of Reliance Capital Ltd in a series of tweets lambasted the new semi-lockdown rules hurting small businesses and daily wage earners. "Professional 'actors' can continue shooting their films. Professional 'cricketers' can play their sport late into the night. Professional 'politicians' can continue their rallies with masses of people. But YOUR business or work is not ESSENTIAL. Still don't get it?" he said in a tweet.
The group's digital news site had put out reports, along with pictures, on dead bodies of suspected coronavirus patients floating down the river Ganga in Uttar Pradesh and Bihar which had led to nationwide consternation.
If AAP dominates both state and local elections, the move for unification may become the illness for the BJP instead of the medicine it was supposed to have been.
'Putin has set aside all the rules and now he is deciding the rules.'
If there is unity in the Opposition, it is only about regional parties other than the DMK not wanting Rahul Gandhi or any other Congress leader for prime minister, observes N Sathiya Moorthy.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
The Supreme Court on Tuesday dismissed a plea challenging the Delhi high court order which had rejected a public interest litigation (PIL) seeking to halt Central Vista construction work in view of the COVID pandemic.
According to sources, all private offices will work from home and only government offices and essential services will be open.
The latest rains since Saturday evening led to lakes and other water bodies overflowing and triggering flooding of several low-lying areas, including places affected last week, in Hyderabad and on the outskirts.
"Twelve years after India's worst terror attack on Mumbai, two Taj hotels -- Colaba and Bandra have received a terror threat from Karachi. "I have had detailed discussions on beefing up security arrangements with both Maharashtra DGP and Mumbai Commissioner of Police," Deshmukh said.
Indian economist Kalpana Kochhar, who heads the Human Resources Department of the International Monetary Fund, is leaving the organisation to join the Bill and Melinda Gates Foundation, the IMF announced on Wednesday. Kochhar, who served in various senior positions during her three decades at the IMF, will retire on July 30, it said.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
The suggestions submitted to the Centre on Thursday evening also recommended restarting construction activities and allowing movement of labourers within the city, sources said.
Prime Minister Narendra Modi on Sunday paid homage to the fallen soldiers at the newly-built National War Memorial in the nation's capital on the Republic Day for the first time instead of the Amar Jawan Jyoti beneath the India Gate arch.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
The Delhi Police has asked commuters to avoid Rajpath and its connecting roads on Friday morning as nearly 30,000 people are expected to throng the Red Fort on the occasion of International Day of Yoga, traffic officials said.
The memorial pays tribute to soldiers who laid down their lives defending the nation.
A special aircraft of the Indian Air Force was sent on Saturday to bring back the Indian diplomats, officials and other staff members including a group of Indo-Tibetan Border Police personnel.
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