'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
Chinese President Xi Jinping is in New Delhi for the 18th BRICS Summit, where he is scheduled to hold bilateral talks with Prime Minister Narendra Modi. This visit, his first to India in nearly seven years, comes amidst efforts to normalise India-China relations following the 2020 Eastern Ladakh standoff and is expected to have significant implications for bilateral ties and BRICS cooperation.
Electric commercial vehicle manufacturers in India are struggling to meet localisation requirements under the PM eDRIVE scheme, set to begin on Tuesday. The Society of Indian Automobile Manufacturers (Siam) has requested a seven-month extension until April 1, 2027, citing disruptions in the supply of rare earth magnets due to China's export restrictions and geopolitical tensions. The government is yet to decide on the request, which aims to prevent production disruptions and allow time for local supply chain development.
Prime Minister Narendra Modi conveyed to Chinese President Xi Jinping that peace and tranquillity along the frontier remains an "essential" basis for the development of India-China relations, even as the two leaders welcomed "steady progress" in bilateral ties during their talks on the sidelines of the BRICS summit.
China emphasises proper handling of differences and a long-term perspective for bilateral ties ahead of President Xi Jinping's visit to India for the BRICS summit and talks with Prime Minister Narendra Modi. The visit aims to stabilise relations following the 2020 Ladakh standoff and strengthen BRICS cooperation.
Adani Group-operated Mumbai International Airport (MIAL) is set to begin demolishing a section of its nearly 80-year-old Terminal 1 from January 15, 2027, as part of a major redevelopment plan. This initiative involves redistributing air traffic from T1 to Terminal 2 and the Navi Mumbai International Airport, with significant shifts planned for international and domestic flights starting October 1 and October 25, respectively.
Prime Minister Narendra Modi and Russian President Vladimir Putin held extensive discussions to strengthen bilateral trade, defence, and energy cooperation, while also addressing the ongoing Ukraine conflict and exploring avenues for peace and resolution, with Modi reiterating India's call for dialogue and diplomacy.
Sports Minister Mansukh Mandaviya met with Indian men's and women's hockey teams and officials to review their recent World Cup performance. He urged them to move past the disappointment, identify shortcomings, and focus on the upcoming Asian Games to secure qualification for the Los Angeles Olympics. The minister also discussed the future of the Hockey India League.
Neetal Narang has been appointed as India's first Safeguarding Officer for the upcoming Asian Games, a role mandated by the Olympic Council of Asia.
India's Ministry of External Affairs reported that 320 Indians are missing and 400 are stranded on the Chinese side following devastating flash floods along the Nepal-Tibet border. India is actively involved in rescue efforts, sending relief supplies to Nepal and coordinating with Chinese authorities for the evacuation of its citizens. External Affairs Minister S Jaishankar reviewed the situation, emphasising the priority given to the well-being of Indian nationals.
The death toll from devastating flash floods in Nepal has surged to 1,252, with more bodies recovered and fresh flood risks emerging due to continuous rainfall in the Bhotekoshi River's upstream areas. The disaster, triggered by an ice-rock avalanche, has also left 4,875 people missing and prompted calls to address climate change's impact on the Himalayan region.
Prime Minister Narendra Modi, addressing the BRICS summit, called for a fundamental shift in global governance, advocating for the replacement of the current 'pyramid of privilege' with a 'platform of partnership' where the Global South becomes a 'rule shaper' rather than a 'rule follower'.
China on Monday dismissed claims linking its massive hydropower projects in Tibet to the August 26 flash flood disaster in Nepal, calling them "malicious speculation".
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
Sanjay Dutt's confession about his inability to learn Marathi, even after six years in Yerwada jail, has inadvertently sparked controversy and put Maharashtra Transport Minister Pratap Sarnaik in an awkward position, given Sarnaik's stringent policy on Marathi proficiency for auto and taxi drivers.
The Consumer Affairs Ministry is developing machine-readable SMART standards using AI to reduce industry compliance burden. This initiative aims to modernise India's standards ecosystem, with the Bureau of Indian Standards transitioning from a regulator to a facilitator, promoting private sector testing and faster processes.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
'In the wake of this tragedy, India will provide power to Nepal if and when the requirement for the same is communicated to India as per their needs.'
India has dispatched a fresh tranche of 35 tonnes of humanitarian aid to flood-ravaged Nepal, marking the eighth special flight since devastating flash floods struck the Himalayan nation on August 26. The aid includes relief materials, specialised rescue equipment, and expert personnel, with Indian teams actively assisting in tunnel rescue operations and forensic identification of victims. The death toll has climbed to 1,365, and thousands remain missing as India reaffirms its commitment to supporting Nepal's recovery efforts.
India is set to launch Bharat Vecto, its first certification tool for assessing the fuel efficiency and CO2 emissions of medium and heavy commercial vehicles, by December, with a full launch targeted for the Bharat Mobility Global Expo in February 2027.
Pawan Kalyan has put all film shoots on hold until 2027 following shoulder surgery and six to seven-month rehabilitation.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
The Ministry of External Affairs (MEA) has confirmed that 288 Indian nationals remain missing following devastating flash floods in Nepal, including those working on hydropower projects and tourist groups.
One of the important topics of discussion between the two leaders is expected to be the Northern Sea Route and the Chennai-Vladivostok Maritime Corridor.
Sikkim has identified 40 high-hazard glacial lakes, with 16 at the highest risk of catastrophic outbursts. Following a devastating GLOF in 2023, the state is developing India's first dedicated GLOF Risk Mitigation Protocol, using advanced monitoring and interdisciplinary approaches to protect downstream settlements and serve as a model for other Himalayan regions.
Finance Minister Nirmala Sitharaman urged PSBs to become 'cool' and shed their 'government bank' image to attract young customers.
The Indian IT Ministry has engaged in 'hard talk' with Meta regarding child sexual abuse material (CSAM), leading to increased sensitivity and action from the tech giant. The government asserts that Indian laws must be followed and social media harms mitigated, with no safe harbour for violations. Discussions also covered AI labelling and the WhatsApp username issue, highlighting a global concern over social media harms.
The Indian athletics team for the upcoming Asian Games in Japan has undergone significant changes, with Commonwealth Games medallist Yashvir Singh replacing an injured Neeraj Chopra.
The Delhi Fire Service (DFS) had stated that the fire had broken out in the ministry of education office located in the SPA campus, but the government clarified it wasn't so.
Indian athletes are undergoing a unique acclimatisation process at NSNIS Patiala and Bengaluru, spending nights in makeshift shipping container rooms. This initiative by the Sports Authority of India aims to prepare them for the unusual container-style accommodation awaiting them at the upcoming Aichi-Nagoya Asian Games in Japan, ensuring logistical issues do not distract from their performance.
Finance Minister Nirmala Sitharaman announced that India's real GDP grew by 7.8 per cent in the April-June quarter, surpassing the RBI's forecast. She attributed this strong performance to government reforms and agile economic management, reaffirming the government's commitment to expanding economic opportunities.
In view of the flood situation in Nepal, the ninistry of external affairs has set up a round-the-clock control room here to assist people.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
Jeetu, as he is known in the IAF, is known for his high intellect, ability to quickly grasp the essentials of complex situations and the readiness to articulate his views clearly and unambiguously. An excellent professional in every sense of the word, he has a well-trained military mind, honed by extensive operational flying and flight testing experience, avers Air Marshal B Manikantan (retd).
Indian wrestling coach Virender Dahiya and wrestler Antim Panghal have expressed strong confidence in the national team's preparation and potential for the upcoming Asian Games 2026 in Aichi-Nagoya, Japan. Dahiya believes the team will significantly improve on its previous medal tally, while Panghal highlights the strong team cohesion and gold medal aspirations. The squad features a mix of experienced and young talent, aiming to overcome strong regional competitors.
A five-storey building housing a boys' hostel in Satya Niketan, South Delhi, collapsed, resulting in three student deaths and several injuries. Union Health Minister J P Nadda and Home Minister Amit Shah have assured support and are monitoring the situation. Rescue operations are ongoing, with many feared trapped, and an investigation into the building's owner is underway.
VVS Laxman, BCCI's Centre of Excellence chief, will coach the Indian men's cricket team at the upcoming Asian Games 2026 in Aichi-Nagoya, Japan. He will be assisted by Sunil Joshi, Hrishikesh Kanitkar, and Subhadeep Ghosh. Gautam Gambhir, the regular head coach, will be with the senior team for the West Indies ODI series. Amol Muzumdar will continue as the head coach for the Indian women's team, who will also defend their title.
Ahead of President Vladimir Putin's visit to India for the BRICS summit, Russia has expressed support for New Delhi's peace initiatives to resolve the Ukraine conflict. Discussions between Putin and PM Modi will cover defence, energy, technology, and the repatriation of Indian nationals from the Russian military, alongside addressing trade and investment ties.
Infosys has confirmed that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is unreachable following devastating floods in Nepal. Gopisetty was visiting the region personally, and Infosys is working with agencies and his family to ensure his safety. The Ministry of External Affairs also reported hundreds of Indians missing or stranded due to the floods, with India offering assistance to Nepal.
Nepal is grappling with severe flash floods that have claimed 270 lives and devastated three districts. Authorities are intensifying rescue and relief operations, with over 40 private helicopter flights delivering supplies and the Nepal Army coordinating efforts. Prime Minister Balendra Shah has visited affected areas to oversee the response.
