India, the world's third largest oil consuming and importing nation, spent 112.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday. The Centre for Research on Energy and Clean Air (CREA) released a report on payments to Russia for fossil fuels since February 24, 2022. "According to our estimates, since the beginning of the war, Russia earned EUR 835 billion in revenue from fossil fuel exports," it said.
'The logic every one of our neighbours must realise is that working with India will give you benefits, and not working with India has a cost.'
External Affairs Minister S Jaishankar has said the recent confrontation between India and Pakistan was not just a mere conflict between two neighbours, but it was about combating terrorism, which will eventually come back to haunt the West.
A top military official has revealed details about India's proposed air defence system, Sudarshan Chakra, describing it as a comprehensive system that will include counter-drone, counter-UAV, and counter-hypersonic capabilities.
China's foreign ministry on Monday parried questions on a possible meeting between Prime Minister Narendra Modi and President Xi Jinping on the sidelines of the BRICS summit in Russia this week.
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'.
A meeting with Chinese President Xi Jinping on the sidelines of the SCO summit is being planned.
It is high time India ends its silence on the human cost of the Gaza war and takes a principled stand without diluting its relations with Israel. A largely friendless Tel Aviv today needs New Delhi more than the other way around. India's failure now may cost it diplomatically in the long run, cautions M R Narayan Swamy.
Under the deal, Russia will provide design, technology know how and key materials to GSL for construction of the ships in India.
According to the original timeline, the ships were to be delivered by 2022, they said, attributing the delays in the delivery to Russia's war in Ukraine.
Talking to reporters in Tiruchirapalli, Pillai said, "Now we are the leaders in supersonic missile system with the successful development of Brahmos Cruise Missiles."
The Border Security Force (BSF) is training specialized 'drone commandos' and 'drone warriors' for modern warfare, with plans to deploy them in missions like Operation Sindoor. A 'School of Drone Warfare' has been inaugurated to provide training in UAV operations, anti-drone warfare, and surveillance.
Gold prices are expected to maintain their upward momentum though some consolidation could set in ahead of the US Federal Reserve's policy decision on September 17, analysts said. Traders will focus on the trade inflation data to gauge the impact of tariffs, inflation numbers from major economies including UK and Euro zone, along with monetary policy meetings of Bank of England and Bank of Japan which will provide more guidance for bullion prices, they added.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
'There is definitely tepid demand because of the (reciprocal tariff) uncertainty.'
India's National Security Advisor Ajit Doval is expected to attend a major security meeting in Moscow next week, organized by Russia's Security Council. Doval is invited for the 13th international meeting of high representatives for security issues, taking place from May 27-29. The meeting, chaired by Sergei Shoigu, Secretary of the Security Council of the Russian Federation, will see participation from over 150 countries and international organizations. Pakistan's NSA, Lt Gen Asim Malik, is also expected to attend the meeting, leading to speculation of a possible face-to-face meeting between the two NSAs amidst heightened tensions between India and Pakistan following the Pahalgam attack and subsequent retaliatory actions.
India described as "inaccurate" a media report that said artillery shells sold by Indian arms manufacturers have been diverted by European customers to Ukraine and New Delhi has not intervened to stop it.
Doval briefed his counterparts in the United States, United Kingdom, Saudi Arabia and Japan about India's missile strikes against terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir. He also established contact with Russia and France, officials said.
'Trump is not shy when he is frustrated with countries'
The deal is for the swapping of 18 Sukhoi fighter jets in service with the IAF for the latest version of air superiority multi-role warbirds tailored to meet Indian requirements
'Prime minister is expected to hold some bilateral meetings on the sidelines of the SCO summit.'
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.
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.
'Modi's a great leader... But I don't understand why he's getting into bed with Putin and Xi Jinping...'
World Junior champion Pranav Venkatesh scored a crushing victory over Grandmaster Alan Pichot of Spain to win the Fujairah Global Superstars chess tournament.
Hindi Diwas was observed across India with leaders emphasizing Hindi's role as a unifying factor and the need to enrich all Indian languages. Events were held in India and abroad to promote the language.
"The two sides express concern over the continuing deterioration of the situation in Iraq," a joint statement issued by Prime Minister Manmohan Singh and President Vladimir Putin, after their talks in New Delhi, said.
Speaking at a joint press conference with Belarus President Alexander Lukashenko on Thursday, Putin said that Russia agrees with the proposals to cease hostilities but "proceeds from the assumption that this cessation should lead to long-term peace and eliminate the root causes of the crisis."
Russia continued as India's main arms supplier, the Stockholm International Peace Research Institute said.
Earlier, Modi met Jinping seperately and the two leaders concurred there had been a perceptible improvement in bilateral relations.
Foreign investors offloaded Indian equities worth nearly Rs 21,000 crore in the first half of August, pressured by US-India trade tensions, lacklustre first-quarter corporate earnings, and a weakening rupee.
Trump has played throughout his career as a deal-maker who could deliver where others could not, and Ukraine represents the ultimate test of that image, notes Manish Dabhade.
The RBI added roughly 3 tonnes in 2025, taking its gold reserves to 879 tonnes as of January 31, 2025.
The Congress said the PM has neither found the time nor even had the inclination to visit the state for even a few hours.
India, Russia to sign military IPR agreement in December
Buoyed by the remarkable success of the supersonic BrahMos cruise missiles, India and Russia are now mulling the joint development of a futuristic 'smart' battle tank, featuring higher speed and better firepower. "We put forward this idea (of developing the tank) at the turn of the 21st century. The Indian side has now come up with a similar proposal," Nikolai Malykh, director general of Russia's biggest tank producer Uralvagonzavod, said.
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.
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.
"The joint development of the Fifth Generation Fighter Aircraft will mark the start of cooperation in the development of major state-of-the-art new technology weapon systems," Antony said, adding that both India and Russia would have equal financial and technological stakes and issues related to the intellectual property and specific requirement of the Indian Air Force have been resolved.
India, Russia for resolving Iran issue within IAEA framework
