Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government's decision to cut retail prices of petrol and diesel could hurt the companies' profit margins in the near term. On Thursday, the government announced that OMCs will reduce pump prices of petrol and diesel after a record 22 months, making them cheaper by Rs 2 per litre in the national capital. The changes were effective from Friday.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
Bharatiya Janata Party leader Yogi Adityanath has stoked a controversy with his remarks again.
India's crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa. Russia however continues to remain India's top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world's third largest energy consumer imported in January.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
The toughest part is to tackle human behaviour. On the Atal Setu, says Indrajit Gupta, I chose to drive at a consistent speed of 80 kmph in the middle lane. Vehicles on the right lane were clipping along at 150 kmph, way over the maximum permissible limit of 100 kmph. On occasion, I had to slow down or dodge vehicles suddenly pulling into the middle lane from the side.
Israel Defence Forces (IDF) has re-issued urgent calls for civilians in Gaza to move south as the ground forces move to the next phase of its war with the terrorist group Hamas.
As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China, which sees the pact as a threat to its dominance in the region, went on the offensive against it, promising more opening up, while the official media here termed it as "economic Nato".
Pakistan on Thursday said that the country's air force struck terrorist hideouts in Iran's Siestan-Balochistan province, a day after Islamabad recalled its ambassador from Tehran in the wake of Iranian missile and drone strikes in Balochistan.
A day ahead of the G20 Summit, it was not very clear whether a consensus on the text to describe the Ukraine crisis in the joint leaders' declaration was achieved with China appearing to emerge as the main stumbling block to bridge the differences on the contentious issue.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
The four astronauts are -- Prashanth Balakrishnan Nair, Angad Prathap, Ajit Krishnan, and Shubhanshu Shukla -- Modi said at the Vikram Sarabhai Space Centre (VSSC) at Thumba near the Kerala state capital.
It was clear in Brunei at the 8th East Asia Summit that China doesn't want the South China Sea issue to even dominate the discussion, reports Sheela Bhatt, who is part of the prime minister's media contingent to the summit
Mumbai's Church of St John the Evangelist or Afghan Church looks today as good as it did 158 years ago.
In a new twist to Osama bin Laden saga, emails leaked from an intelligence analysis firm say the body of the Al Qaeda leader was actually sent to the United States for cremation than buried at sea.
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
Hundreds of fisherfolk, including women, reached the area via road and sea and broke open the lock of the gate of the project site, raising slogans.
United Nations chief Antonio Guterres has called on Hamas to immediately release all hostages without conditions and urged Israel to allow rapid and unimpeded access to humanitarian aid for civilians in the Gaza Strip.
A video file provided by ISA Communications was attached to the statements of the Hamas terrorists, involved in the October 7 attacks, during interrogation, the Authority added.
While people voted in a fifth round that will set the tone as this election rounds into the straight, and while Modi on the stump chews the cud of personal grievances and hackneyed promises that have long since passed their use-by date, there is a rogue wave rising -- what damage it will do, we will know 16 days from today, observes Prem Panicker.
'We are in very tough times, but we are all absolutely committed to seeing the destruction of Hamas'
The tail section of the AirAsia flight that went down more than a week ago was found on Wednesday in the Java Sea, raising hopes that the plane's black boxes might soon be recovered to determine the cause of the mysterious crash.
'No Cold War should be reignited and no Ukraine-style crisis should be repeated in Asia'
Singh said the Modi government has changed the approach adopted by previous governments that the border areas are buffer zones between the plains and the potential adversary.
Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
It was heartening to see so many women -- young and old, many in hijab and burqa shaking their bodies, raising their arms and singing with complete abandonment.
US authorities have been scrambling to establish how many Americans have been killed or taken hostage in the conflict.
Biden, in his call with Netanyahu, updated him on US military support and reiterated his warning against anyone seeking to expand the conflict, according to a readout of the call.
Venugopal said the horrific consequences of this war demand immediate attention from the international community, and India must lead efforts to bring peace and provide relief to the affected.
"The people of Gaza need food, water, medicine, shelter. Today, I asked the Israeli cabinet to agree to the delivery of life-saving humanitarian assistance to civilians in Gaza...and the aid should go to civilians, not to Hamas. Israel agreed that the humanitarian assistance can begin to move from Egypt to Gaza. If Hamas diverts or steals the assistance it will have demonstrated once again that they have no concern for the welfare of the Palestinian people.. and it will stop the international community from being able to provide this aid," Biden said.
Biden said his administration is making sure Israel has what it needs to defend itself and respond to these attacks.
The men with guns tend to know little finance, and establishing such a conspiracy then involves leakage of information, which is also dangerous, Ajay Shah points out.
Pakistani ships in high seas can pose a jehadi threat, Navy Chief Admiral R K Dhowan today said, citing reports of an attempt by militants to hijack a Pakistan navy frigate in September. He said that threat of maritime terrorism is increasing and the force was prepared for it.
Rediff.com presents a selection of Danish Siddiqui's images which capture the essence of street life in Mumbai.
