Indian companies, however, are now paying a premium of $6-$7 a barrel for Russian oil, compared with discounts of $8-$10 a barrel before the start of the conflict.
The Kremlin has stated that India is free to purchase oil from any country, dismissing claims that India agreed to reduce Russian oil imports. Russia maintains that energy trade with India benefits both nations and contributes to international energy market stability.
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.
India has expressed strong concern over the targeting of commercial shipping in the Strait of Hormuz during the West Asia conflict, urging for the restoration of unimpeded navigation and global commerce.
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.
Coco Gauff and Iga Swiatek were knocked out of the Stuttgart Open quarter-finals, while Elena Rybakina survived a tough match to reach the semi-finals.
Iranian Foreign Minister Seyed Abbas Araghchi on Saturday criticised the United States over its stance on Russian oil, claiming Washington was now "begging" countries across the globe, including India, to purchase Russian crude.
An Iranian delegation, led by Foreign Minister Abbas Araghchi, is expected to arrive in Islamabad for the second round of peace talks with the US, according to Pakistani media reports. This follows a phone call between Deputy Prime Minister Ishaq Dar and Araghchi regarding the US-Iran ceasefire and Pakistan's diplomatic efforts.
Putin said that the Greenland issues doesn't concern him.
India has overtaken Kenya to lead the Athletics Integrity Unit's list of ineligible persons due to doping violations, with 148 suspended track and field athletes.
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.
The US administration has ordered a probe into the deaths and disappearances of at least 10 top US scientists and researchers with access to information related to aerospace, defence and extra-terrestrial life.
Indian Grandmaster R Vaishali's loss to China's Jiner Zhu has thrown the FIDE Women's Candidates tournament wide open.
Indian Grandmaster R Praggnanandhaa faces Anish Giri in a crucial Candidates Tournament round, seeking a vital win to improve his standings. The tournament also features strong performances from Javokhir Sindarov and Anna Muzychuk in the women's event.
Javokhir Sindarov of Uzbekistan has significantly increased his lead in the Candidates chess tournament after defeating India's R Praggnanandhaa. In the women's section, R Vaishali leads after drawing with Anna Muzychuk.
According to a statement cited by TASS, the Russian foreign ministry said it is closely monitoring reports that the US military has boarded the tanker Mariner, originally Bella 1, on the high seas, noting that Russian citizens are among the crew.
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.
Indian Grandmaster R Praggnanandhaa drew against Wei Yi in the second round of the FIDE Candidates tournament, maintaining his joint lead. In the women's section, Divya Deshmukh missed a chance to take the lead, drawing with R Vaishali.
In a testimony before the Senate Intelligence Committee, Gabbard, the Director of National Intelligence, also said that the threats to the US were set to expand collectively from more than 3,000 missiles at present to more than 16,000 missiles by 2035.
'We have lost 70-80 per cent of our business from foreign guests.'
R Praggnanandhaa drew with Andrey Esipenko, while Javokhir Sindarov defeated Hikaru Nakamura to maintain his lead in the Candidates Tournament. In the women's event, Divya Deshmukh drew, and R Vaishali faced a difficult position.
The modern war is about quality over quantity, points out Mihir S Sharma.
Indian Grandmaster R Praggnanandhaa faced a setback at the Candidates chess tournament, while Javokhir Sindarov increased his lead.
The Indian Defence Ministry has approved the procurement of weapons and military hardware worth Rs 2.38 crore, including S-400 missiles and medium transport aircraft, to bolster the Indian Air Force's capabilities.
In the women's section, World Cup winner Divya Deshmukh turned the tables on overnight leader Anna Muzychuk to jump into joint lead with four others.
Speaking to reporters during a cabinet meeting at the White House on Thursday, Trump said the US had engaged in 'very substantial talks' with Iranian officials and described the tanker movement as proof of seriousness in the discussions.
The US has temporarily permitted India to accept Russian oil already on ships to ensure energy supplies amid the conflict with Iran. This short-term measure is not expected to significantly benefit Russia financially.
Days after Russia alleged that Ukraine targeted President Vladimir Putin's official residence in a drone attack, Russian authorities on Thursday said they had shared what they described as evidence related to the incident with the United States, Anadolu Agency reported.
Javokhir Sindarov continues his impressive run at the Candidates chess tournament, while Indian Grandmaster R Praggnanandhaa draws with Hikaru Nakamura.
The White House on Thursday stated that United States President Donald Trump is 'extremely frustrated' with both Russia and Ukraine over the slow progress toward ending the ongoing war and is unwilling to engage in 'meetings just for the sake of meeting'.
Russia, being bogged down by the Ukraine war and prioritising the requirements of its own armed forces, along with India's consistent diversification policy, will remain a major challenge to the bilateral partnership, note Harsh V Pant and Aleksei Zakharov.
United States President Donald Trump warned Iran of potential strikes on its infrastructure, including bridges and electric power plants, saying the US military 'hasn't even started destroying what's left in Iran'.
Amidst escalating tensions in West Asia, Russian President Vladimir Putin is actively calling for de-escalation and political resolution, engaging with Iranian and US counterparts to navigate the complex conflict landscape.
The logic of war plus the gathering storms in US politics as the midterms loom large leave him with no real alternative but to negotiate, points out Ambassador M K Bhadrakumar.
'Much will depend on the position of the United States.' 'It will have to be seen to what extent the US will be more interested in achieving some form of a deal and to what extent Israel will be allowed to continue to carry out both airstrikes and the killing of Iranian officials.'
It is time for India to step up and get Russia, China and Europe to agree to a joint appeal to all combatants. Time is of essence, tomorrow may be too late, asserts Colonel Anil A Athale, former head of the history division, ministry of defence.
It may now be time to question the price India is paying for Israel's disregard of the serious undermining of India's energy security, asserts former foreign secretary Shyam Saran.
Former President Donald Trump claims the United States has become the 'real United Nations' due to its role in resolving global conflicts, criticizing the UN's lack of involvement. He cites brokering a ceasefire between Thailand and Cambodia as an example.
Indian Grandmaster R Praggnanandhaa defeated Anish Giri in the first round of the Candidates chess tournament. Other notable results included Javokhir Sindarov's win and draws in the women's section featuring Divya Deshmukh and R Vaishali.
The United States has encouraged India to purchase Russian oil already at sea to mitigate supply shortages and price increases amid the West Asia conflict, according to Energy Secretary Chris Wright. This move is described as a short-term effort to stabilise the market without altering Washington's policy towards Russia.
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