India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries, for a sixth straight month by supplying more than one-third of all oil India imported, according to energy cargo tracker Vortexa.
Three late goals from Amad Diallo dragged a below-par Manchester United to an unlikely 3-1 comeback victory over bottom side Southampton.
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.
With this, the number of Maoists killed in the gun battle with the security personnel on Friday has risen to 31, they said, adding that a search operation is still underway in the area.
As many as 14 Maoists were killed in an encounter with security personnel in Chhattisgarh's Bastar region on Friday, a senior police official said. However, ANI has put the toll at 30.
At least 25 miscreants with arms, ammunition and grenades have been rounded up by Indian Army and paramilitary forces across ethnic-strife riven Manipur, officials said on Monday.
'Even now, investors are not bothered about the war but are more concerned whether it will remain localised or not.' 'In case things are contained, markets can stage a bounce back in the next few days.'
A cache of weapons, including an AK-47 rifle, one SLR (self-loading rifle), one INSAS rifle, one LMG rifle and one .303 rifle were also recovered from the encounter spot.
India may have to lean more on West Asian nations for supplies of liquefied petroleum gas (LPG), a cooking fuel, in the coming years after Indian state-run refiners drew up big plans to diversify into producing more profitable petrochemicals. This shift leads to reduced LPG output, Indian refining executives said. The mantra for state-run oil companies, from Indian Oil Corporation (IndianOil) to liquefied natural gas (LNG) importer Petronet LNG, which are looking to diversify their businesses from lower-margin fuels, has been value-added petrochemicals.
With this incident, 154 Naxalites have been gunned down by the security forces in different encounters in Chhattisgarh so far this year, the police said.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
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.
Cairn Energy of UK has said its Rajasthan oilfield can produce up to 150,000 barrels per day by 2007-end, 50 per cent more than the previously estimated 100,000 barrels per day.
During enquiry, it was found that a quarrel had taken place allegedly between Sushil Kumar, Ajay, Prince Dalal, Sonu, Sagar, Amit Kumar, and others in the parking area of the Chhatrasal Stadium in North Delhi.
Benchmark stock indices Sensex and Nifty rallied more than 1.6 per cent to close at lifetime high levels on Thursday following buying in banking, oil and auto shares and a record dividend payout by the RBI to the government. Regaining the 75,000 level after its best single-day gain since January 29, the 30-share BSE Sensex closed at all-time peak of 75,418.04, up by 1,196.98 points or 1.61 per cent over the last close.
Exciting times ahead at the Malayalam box office.
A lowdown on what's happening in the Malayalam film industry.
The Manipur police said all personnel of the force from top to bottom are united and any attack on anyone and use of social media to target any officer or unit will be taken seriously and stringent action will be taken.
The .32 bore revolver is capable of accurately hitting targets up to 50 metres away.
'At around 16:20hrs [local time] a car collided with the gates of Downing Street on Whitehall,' the Met Police said in a statement.
'There cannot be anyone like Air Marshal Keelor -- he was so difficult to emulate.' Air Commodore Nitin Sathe (retd) salutes War Hero Air Marshal Denzil Keelor PVSM, KC, AVSM, VrC who passed into the ages last month.
Indian imports of Russian crude oil may stabilise or even decline in 2024 from record 2023 levels amid shrinking discounts, lower output, and a rebound in West Asian supplies, according to the ship-tracking data and industry executives. This may impact the billions of dollars in annual savings that India made last year. Imports of Russian oil jumped by a record 140 per cent in calendar 2023 to 1.79 million barrels a day (b/d) from 740,400 b/d in 2022, when Russia marched into Ukraine in February, and from just 102,000 b/d in 2021, according to the data from Paris-based market intelligence agency Kpler.
OPEC agrees to keep pumping as oil glut fears persist.
From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.
Only investors with a higher risk appetite should enter these funds.
IMAGEs from the World Cup match between Pakistan and New Zealand played at the M Chinnaswamy stadium in Bengaluru on Saturday
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged. The development also saw airfares surge by around 25 per cent on select routes. Shares of IndiGo hit a lifetime high of ~3,68.5 on April 2, 2024, and has gained 2.4 per cent on the bourses in April.
India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa. Russia now makes up for nearly 42 per cent of all crude oil India imported in May.
A round-up of Day 3 of the Ranji Trophy quarterfinal matches played on Tuesday
A lowdown on all the goings-on in the Malayalam film industry.
While the four largest listed paint companies have seen marginal negative returns, the S&P BSE Fast Moving Consumer Goods (FMCG) and the National Stock Exchange Nifty FMCG indices have delivered a solid 16 per cent return during the same period. Initially, volume growth and reduced costs bolstered the sector's sentiment, but brokerages have grown cautious due to increased competitive pressures.
A leopard strayed into a village in north Delhi's Wazirabad early on Monday, creating panic in the area and injuring eight residents before being tranquillised by forest department officials after an over five-hour-long rescue operation.
Shares of Mukesh Ambani-owned Reliance Industries Limited (RIL) rose nearly 1 per cent on Tuesday, hitting an intraday high of Rs 2,986.05 per share, after most brokerages reacted positively to the company's March quarter (Q4FY24) results. The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical.
A day after he was charged with killing his estranged wife, the accused allegedly committed suicide near a railway station in Muradnagar in Uttar Pradesh.
A 25-year-old woman was shot dead and her father injured allegedly by the woman's husband in a metro station in east Delhi, police said.
Shiromani Akali Dal leader Ranjit Singh Rana and another co-accused were on Thursday arrested in the case of gunning down of an assistant sub inspector of Punjab police while saving his daughter from eve teasers.
The retail prices of petroleum products have moved broadly in line with, or somewhat more than, the rupee cost of oil imports.
A 25-year-old woman was shot dead and her father injured allegedly by the woman's husband in a metro station in east Delhi, police said.
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