Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening.
Amidst the expectations game for the ongoing elections, stock markets seem to be overlooking one fact, which to us is of significance, i.e. rising crude prices.
Zaporizhzhia power plant spokesperson Andrey Tuz said the plant has not sustained any critical damage, although only one power generation unit out of six is operational as the fire continued at the facility.
China has approved the construction of the world's largest dam on the Brahmaputra River in Tibet, close to the Indian border. The USD 137 billion project, which is expected to dwarf even China's own Three Gorges Dam, has raised concerns in India and Bangladesh, the downstream riparian states. Concerns in India are centered around China's potential to control water flow, potentially enabling the release of large amounts of water to flood border areas in times of hostilities. The dam is part of China's 14th Five-Year Plan, and the Chinese government claims that the project is safe and prioritizes ecological protection.
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
The United States has lifted most of its sanctions against Iran after a UN watchdog reported that Tehran had complied with a nuclear weapons deal.
Brent crude oil prices may rise to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at Morgan Stanley, in a recent note. This is, however, lower than the peak level of nearly $127 touched earlier in 2022 as geopolitical concerns took centre stage amidrising demand. "Looking ahead, Brent oil price growth will decelerate even more in the coming quarters. "This comes even as our global oil strategist expects a rise in oil prices back to $110 a barrel by the second half of 2023.
India was the world's biggest importer of Russian oil in February, exceeding China by 20 million barrels.
Renewable energy is mistakenly restricted to electricity.
'The IAEA should be given the authority, resources and technical capability to intervene expeditiously in case of a nuclear emergency.'
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March. The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7.
India will next Monday sign a key safeguards agreement with the International Atomic Energy Agency to allow supply of atomic fuel and technology to the country moving a step closer to operationalising its international civil nuclear cooperation after the 34-year-old nuke trade embargo was lifted.
Crude and gas supply concerns have eased amid reports that Israel and Hamas have struck a peace deal. The International Energy Agency estimates oil demand may drop slightly in calendar 24 but Opec probably has enough pricing power to maintain $80/ barrel Brent prices. Russia's share of India's crude imports remained strong at about 35 per cent in September 2023.
There is no shortage of uranium on the planet.
Over 300 drones and unidentified flying objects have been sighted along the sensitive border with Pakistan post the 2019 abrogation of Article 370, central security agencies have said, even as they grapple to find a suitable technology to check these lethal sky-floaters.
Last week, the third round of talks in Vienna failed to ready the agreed text and the next round is scheduled to begin on Wednesday. Originally, the third round was considered to be the final round but there was no agreement on the issue of India's right to hold its strategic reserve to cater lifetime supply to its civilian nuclear plants.
Prime Minister Narendra Modi spoke with Russian President Vladimir Putin on Friday during which he reiterated India's long-standing position on the Ukraine situation, favouring dialogue and diplomacy.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
Asserting that the world does not have much time to correct the mistakes of the last century, Prime Minister Narendra Modi on Friday announced a 'Green Credit Initiative' focused on creating carbon sinks through people's participation and also proposed to host the United Nations climate conference in 2028, or COP33, in India.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.
Amid warning by the UN nuclear watchdog that Iran could be hiding multiple secret nuclear sites, the UN and Iranian officials have been secretly engaged in negotiating a deal to allow Tehran keep most of its nuclear programme and end sanctions in return for co-operation with International Atomic Energy Agency inspectors, a news report said on Tuesday.
The military conflict around the Zaporizhzhia nuclear power plant in Ukraine -- Europe's largest nuclear plant -- has raised fears of an accident worse than the Chernobyl accident in 1986.
Lobbying for the Indo-US nuclear deal, India on Friday briefed the International Atomic Energy Agency Board of Governors and some Nuclear Suppliers Group countries on the safeguards agreement amid reports that there was no sign of opposition to the accord.
Adani Power, part of the Adani group, plans to add close to 6 gigawatts (Gw) of new power assets in the next five years, according to an investor presentation by the company. That is clearly meant to ride on India's burgeoning power demand. But there is another side to it: All of this new capacity is expected to be thermal power, or power produced from coal.
Not satisfied with the UPA's replies to their queries on the nuclear issue, the Left parties are likely to ask the government to finalise an India-specific safeguards agreement with International Atomic Energy Agency only after the 123 agreement with the US lapses.
"My visit has cleared the air and created a positive atmosphere for future relationship with the IAEA," ElBaradei told a crowded press conference.
Experts hail Obama's India trip as a big step towards signing of imp trade agreements.
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
Being organised by the US Department of Commerce, International Trade Administration, US and Foreign Commercial Service, in partnership with the US Department of Energy and US Agency for International Development, the Energy Efficiency Trade Mission would travel to New Delhi, Mumbai and Chennai from November 16 to 20.
The domestic currency had lost 44 paise in the previous two days.
The European Commission will propose scrapping tariffs on jet fuel imports starting January 1, an official said on Friday.
China on Tuesday angrily denounced the nuclear-powered submarine deal announced by the US, UK and Australia, saying the pact violates the Non-Proliferation Treaty (NPT) and the three countries are travelling "further down the dangerous and wrong path."
US commercial crude oil stocks were forecast to have risen by 3 million barrels last week
With the fight now having been taken to the seizure of nuclear plants, it is one more warning to Europe that this prolonged war could end up with disastrous consequences, observes Rashme Sehgal
The country received $ 6bn in clean energy investment in 2013, out of a total of USD 62bn from 2006 to 2013.
By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 and Washington is "comfortable" with New Delhi over its approach in addressing issues relating to energy security, a top Biden administration official 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).
India on Wednesday said Iran should fully cooperate with the International Atomic Energy Agency with a view to restoring confidence of the international community that its nuclear programme is peaceful in nature.
