State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.
'We are profoundly energy-dependent on the Gulf. That dependency must now be redirected towards the United States, because we require American permission to procure oil.' 'We additionally require Iranian permission to acquire oil from that source. So India now has to seek two separate permissions merely to secure its energy supply.' 'Should we be compelled to source from America, or from Venezuela -- which is, in effect, American-controlled supply -- that will inevitably carry a price premium, an elevated shipping cost, and a considerably extended delivery timeline, given the distances involved.'
'India should understand that we are not going to make the same mistakes with India that we made with China 20 years ago.'
Newly declassified documents from the United States National Security Archive have revealed that Pakistan's nuclear proliferation was a significant concern for both the US and Russia, with leaders expressing 'nervous' fears about the country's atomic stability.
US President Donald Trump and Russian President Vladimir Putin discussed the Iran conflict and its impact on global energy supplies during a phone call.
Former US National Security Advisor John Bolton says President Trump's policies have damaged US-India relations, pushing New Delhi closer to Russia and China.
How widely is LPG used around the world? In 2022, the average LPG consumption across 190 countries stood at 56.33 thousand barrels per day. At the very top sits China, consuming a massive 2,457.39 thousand barrels per day, making it the world's largest LPG user by a wide margin. At the other end of the spectrum is Burundi, which recorded zero LPG consumption during the same year. The LPG consumption indicator is available for the period 1980 to 2023.
Delhi Police have arrested Rakesh Sharma, wanted in connection with a blackmail and extortion case in Gurugram. Sharma allegedly extorted money from a woman by threatening to circulate private videos of her. He was apprehended near the Patiala House Courts Complex.
Hundreds of Indian seafarers are stranded on vessels carrying crude oil, LPG, and LNG in the Persian Gulf due to the ongoing conflict in the Middle East, causing disruptions to India's energy supplies.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.
Despite ongoing tensions in West Asia, the successful arrival of the LPG carrier 'Nanda Devi' in Gujarat ensures a steady supply of liquefied petroleum gas to India, highlighting the country's efforts to secure its energy needs.
Indian wrestler Abhimanyou Mandwal discusses his mental strength, recent successes, and ambitions for the 2028 Los Angeles Olympics, including a shift to the 74kg category.
After a three-month slowdown, India's oil imports (already landed) from Russia bounced back in the first 15 days of October to 1.8 million barrels per day.
India and Russia have solidified a five-year plan to enhance their economic and trade partnership, while also addressing the ongoing conflict in Ukraine and the threat of terrorism.
India has strongly criticized the US and EU for their 'unjustified and unreasonable' targeting of New Delhi for its procurement of Russian crude oil, pointing out their own continued trade relations with Russia.
Is the current rally telegraphing a durable peace plan in West Asia, boosted by United States (US) President Donald Trump's incoherent and contradictory posts on social media?
India's rail modernisation drive has reached a critical milestone. With electrification reaching 99.2 per cent, Indian Railways is among the world's leading rail systems.
The Reserve Bank of India (RBI) is exploring ways for Russian trade counterparts to use accumulated Indian rupees (INR) for imports or capital investments in India, aiming to boost INR-Rouble transactions and reduce reliance on the US dollar.
Russian President Vladimir Putin is expected to visit India around December 5 to hold annual summit talks with Prime Minister Narendra Modi to further solidify bilateral strategic ties.
India has stated it will wait for the outcome of the elections in Bangladesh and the resulting mandate before addressing any existing issues. The country also affirmed its support for free, fair, inclusive, and credible elections in Bangladesh.
US President Donald Trump asserted that the trade deal with India remains intact despite a Supreme Court ruling against his tariffs, while also claiming he used tariffs to stop a war between India and Pakistan.
MEA spokesperson Randhir Jaiswal said India's energy decisions are guided by national interest.
Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.
India clarified its absence from a South Africa-initiated naval wargame, stating it was not an institutional BRICS activity. The exercise involved navies from China, Russia, Iran, and others, amid rising tensions in Iran.
By appearing to privilege ideological affinity over strategic balance, India risks eroding the trust painstakingly built across West Asia. Once the perception takes hold that India's friendship is conditional and transactional, rebuilding credibility will be difficult, warns Amberish K Diwanji.
Older Russians recall Mithun Chakraborty and the song Jimmy Jimmy Aaja from the movie Disco Dancer.
India's para-athletes, led by Sumit Antil, dominated the World Para Athletics Grand Prix, securing numerous gold medals and leading the overall medal tally.
Reliance Industries' digital arm, Jio Platforms, may see its initial public offering (IPO) delayed to the second half of fiscal 2027, according to CreditSights. The delay is primarily attributed to ongoing geopolitical tensions in the Middle East, which could impact market conditions and investor sentiment.
China has expressed its support for Russia's initiative to revive the Russia-India-China (RIC) troika, emphasizing its importance for regional and global security and stability.
'No one can or will bar India from pursuing its energy goals as it wishes.' 'The US FTA wording may sound more restrictive, but the underlying reality will not undermine India's sovereign energy decisions.'
The wife of an Indian doctor, allegedly detained in Sochi, Russia, appeals to the Indian government for help in securing his release and safe return to India.
US Treasury Secretary Scott Bessent indicated a potential pathway to remove tariffs imposed on India for purchasing Russian oil, citing a significant decrease in such purchases. He also criticized Europe's approach and accused India of profiting from discounted Russian oil.
India will restrict crude oil purchases from Russia as part of an agreement reached with the US in exchange for lower trade tariffs, sources said, adding imports will continue for now by refiners such as Nayara Energy, which have no other alternative source. US President Donald Trump announced overnight that the United States will cut the reciprocal tariff on imports of Indian goods to 18 per cent from 25 per cent under a broader bilateral understanding.
We know in our heart that speaking the truth on this stupid Iran war will anger Trump and so we look the other way because if we look him in the eye the bully will straighten us out, asserts Aakar Patel.
India has gained the least since Russia invaded Ukraine in February 2022 and was penalised the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war.
Pakistan Prime Minister Shehbaz Sharif said on Tuesday that his country respects Russia's relations with India, as he called for strengthening Islamabad's ties with Moscow during his talks with Russian President Vladimir Putin in Beijing.
Sri Lankan President Anura Kumara Dissanayake has announced an economic relief package to mitigate the impact of the West Asia conflict, including fuel price reductions and support from India for petrol and diesel supplies.
Indian Grandmaster R Praggnanandhaa faced a defeat in the third round of the FIDE Candidates Tournament, while other key matches saw significant shifts in standings.
R Praggnanandhaa leads a fearless new generation at the Candidates 2026 as veterans face a shifting chess landscape ahead of a world title clash.
Iran on Thursday spelled out three conditions to end the war with Israel and the United States, which entered its thirteenth day today. Taking to X, Iran's President Masoud Pezeshkian said he reaffirmed the country's commitment to peace during talks with leaders of Russia and Pakistan.
