State-owned Indian Strategic Petroleum Reserves Ltd (ISPRL), which operates India's strategic crude oil storage, will make awards by December to lease around 1 million tons of crude oil storage space (7.3 million barrels) at two of the country's three existing Strategic Petroleum Reserves (SPRs), around a fifth of the total SPR capacity. This will enable the refilling of crude caverns even as escalating hostilities in the Gulf threaten disruptions in crude supplies, two industry sources said.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
Israeli Prime Minister Benjamin Netanyahu termed it the 'largest cooperation project in our history', one that would 'change the face of the Middle East, Israel, and impact the entire world'.
The increase in India's military spending was "mainly a result of growing personnel and operations costs" which made up almost 80 percent of the total military budget in 2023, the SIPRI report claimed.
Mongolia can take a lifetime to happen but rewards the intrepid traveller with enduring memories of a surreal, delightful land.
'China is somewhat disappointing in its recovery, and slow growth, and India is reporting strong growth numbers.'
Pezeshkian gained the attention of people for his stance against the crackdown on the 2009 pro-democracy protests and the violence perpetrated by the notorious morality police in 2022 after Mahsa Amini's death.
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
Although India has sought inputs from the Myanmar army since most of those involved in Thursday's ambush would have sneaked across into Myanmar, the fresh operations would smoke out insurgents based in hideouts on the Indian side along the border.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
India's defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a 'buy' rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.
'The West has always opposed a strong nationalist leader in India and Narendra Modi is no exception.' 'The West prefers weak leaders who are amenable to Western pressure and Mr Modi's independent stance is not to the liking of the West,' asserts Colonel Anil A Athale (retd).
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Seven aid workers who were working for the World Central Kitchen, a charity delivering food to besieged Palestinians, were killed in the Israeli airstrike in Gaza on Tuesday. The victims comprised three British nationals, an Australian, a Polish national, an American-Canadian dual citizen and a Palestinian.
The project, the agreement for which was signed way back in 2009, had been gaining strategic relevance over the years as India-China ties took a hit.
AirAsia's rival airlines in India have kept themselves super-busy in the past few months -- by moving court against the former's launch, adding flights on the routes where AirAsia is operating, and engaging in a price war.
The number of new COVID-19 cases increased exponentially by 71 per cent globally during the week December 27-January 2 as compared to the previous week, while the number of new deaths decreased by 10 per cent, the World Health Organisation said on Thursday, as the new Omicron variant led the spike.
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Premium passenger numbers rose 6.1 per cent in January, a strong result up on the growth of 4.2 per cent in the same month last year, according to the analysis of premium air traffic carried out by global airlines' body IATA.
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
Among the Sensex firms, UltraTech Cement, Reliance Industries, ICICI Bank, HDFC Bank, Bharti Airtel, IndusInd Bank, State Bank of India, Tata Consultancy Services, Larsen & Toubro, Kotak Mahindra Bank and State Bank of India were the major gainers. In contrast, Tata Motors, Maruti, Axis Bank, Mahindra & Mahindra, ITC, NTPC, Tata Steel and Bajaj Finserv were the major laggards.
The letter was sent as an early warning of what was then widely being perceived as a plunder of national resources.
'Indian policy-makers need a realistic assessment of what China's growing assertiveness means for India.'
Indian claims to the Ram story and ownership could be challenged from more places than one, says N Sathiya Moorthy.
Southampton confirmed that they had signed 23-year-old Walker-Peters, who spent the second half of last season on loan at the club. British media put the fee at 12 million pounds.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
Manufacturing activities in India fell to a five-month low in September as new orders rose at a softer pace, which tempered production growth, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell to 57.5 in September, down from 58.6 in August -- the lowest in five months. The September PMI data pointed to an improvement in overall operating conditions for the 27th straight month.
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
Singh visited Tawang on Thursday for the 'Maitree Diwas' celebrations to boost civil-military friendship in the region bordering China.
Travel companies are reducing the number of days from packages to make it more affordable for globe trotters.
Russia and China have a broad consensus today on almost all core issues related to global strategic stability, which is unprecedented in modern history, observes Ambassador M K Bhadrakumar.
The present happenings in Manipur are the wages of continued neglect, and not so benign at that, of a vital region and its people. Had we lavished on the North East even a fraction of the care and resources we do on Kashmir, things would not have come to this pass, asserts Shreekant Sambrani.
Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic, which has resulted in a global recession, the World Bank has said. Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the pandemic and shutdowns, according to a World Bank report on the impact of the Covid-19 on migration and remittances released on Wednesday.
Upon his arrival in Beirut on Thursday, the Iranian minister said, "Some European officials asked me if there were any chances that new fronts might open up against the Zionist regime?"
India's voting pattern in the United Nations with regard to the Israel-Palestine conflict is lately marked by a calibrated distancing from Israel, observes Ambassador M K Bhadrakumar.
'In India, A3i is found mostly in southern India, and a few in Delhi. You don't see this strain much in, say, Gujarat or Maharashtra.'
By hosting the 10 ASEAN leaders on Republic Day, India amply demonstrated that ASEAN is a central pillar of its Act East policy. But is India 'central' for ASEAN, asks Dr Rahul Mishra.
After several delays, it will be completed by Jan 2017.
Tulsidas Balaram, who passed into the ages last week, was a member of the Indian football team which reached the semis at the Olympics and won an Asian Games gold medal.
The US-led war against Iraq and the Severe Acute Respiratory Syndrome have led to sharp decline in demand for air travel and raised costs on account of aviation turbine fuel, the Lok Sabha was informed on Monday.
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