The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets. It was 147.5 per cent on December 3, 56 per cent higher than the 10-year average of 94 per cent. The current ratio is slightly lower than the all-time high ratio of 154 per cent at the end of September this year.
Billionaire Mukesh Ambani's Reliance Industries Ltd is estimated to have earned 724 million euros (about Rs 6,850 crore) from exporting fuel made from Russian crude oil to the US in one year, an European think tank said in a report. "From January 2024 to the end of January 2025, the US imported EUR 2.8 billion of refined oil from six refineries in India and Turkey that process Russian crude.
India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022.
A number of multinational companies are cutting jobs more heavily in Western Europe than in other regions and fleeing to low-labour-cost countries like Mexico and those in Eastern Europe, a US media report said.
JSW Steel, a part of the $4 billion OP Jindal group, is looking at acquiring a small value-added facility in Western Europe for around $2 million.
With numbers of aging population on the rise in Europe and a steady outflow of skilled workers from these countries to a more prosperous western Europe, India hopes to fill the gap with its young work force. So far the traditional choices for Indian professionals was North America and for workers it was Gulf countries.
'Decline of the UN did not start with the Trump administration. It has been happening over the last two decades or more.'
After striking good deals in the domestic market, Infosys is now firming up plans to tap the Eastern European markets for its banking product, Finacle.
'If we truly wish to understand and apply Marx's insights today, we must reject the rigid dogmas that later 'Marxists' imposed in his name.'
'Putin will not be bound by any kind of deal he would sign with the US.'
The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
The latest biopic on Jyotibai Phule has come at a time when the Department of Taking Offence is super-active. Utkarsh Mishra feels it will be interesting to see if it portrays his attack on Brahminism in the same 'no holds barred' manner-- and, if it does, what reaction it provokes.
Security experts have warned that using Signal for discussions of this nature violates every established protocol for handling classified information.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
If Ahmedabad is India's preferred candidate, as seems likely, hosting Olympics 2036 should give it a leg up: A bigger airport, a better metro network, more hotels, flyovers and so on, observes T N Ninan.
The deals -- worth $50-200 million (Rs 300-1,000 crore) -- are across the healthcare, travel, telecom and manufacturing verticals.
Tata group company VSNL has signed an MoU with leading global telecom firms to construct a new submarine cable linking India, the Middle East and Western Europe.
'A less tense US-China relationship would make Beijing less likely to provoke India -- including on the border -- in retaliation for its close defence ties with the US.'
The German and British sides, along with the Indian soldiers, met at halfway points, on no man's land and gave the Indian soldiers sweets and Christmas trees and they offered biscuits and cognac in return.
Flights from Delhi or Bengaluru, while they may still fly over Iran, depending on the route, have alternative paths that may take them through Central Asia or northern routes.
Ukraine has been informed about the Trump-Putin call.
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.
Earlier in an op-ed in The Washington Post, Schumer said the democratic international order must stand strong to confront the rise of the Chinese Communist Party.
Indian and Russian officials have discussed Indian-Russian cargo transit along the Northern Sea route, joint projects in Arctic shipbuilding and possible training of Indian sailors for polar navigation.
Trumponomics, poor growth, and high valuation certainly don't make a bullish recipe for Indian markets, warns Debashis Basu.
Ukrainian officials said Russian forces struck near the western Ukrainian city of Lviv, without providing extensive details.
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.
Zakir Hussain was the maestro of tabla, percussionist, composer and even actor -- a legend who was India's very own and yet belonged to the world. Hussain died from 'idiopathic pulmonary fibrosis', a lung disease, in a San Francisco hospital early Monday. He was 73.
An interesting excerpt from Virender Kapoor's latest book Inspiring India: Taking India from Big to Great.
Indian students are looking at destinations that offer quality education coupled with unique cultural and career experiences, often at more affordable costs, says Gaurav Batra, CEO, Infinite Group.
'When there was a match, he would be up all night watching it on his laptop with Kishori Amonkarji singing on the side.'
As Europe struggles to cope with the influx of lakhs and lakhs of migrants, here are the latest developments on the crisis
On the back of rising crude oil purchases, India's bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data from the commerce ministry. In April, India's crude oil imports from Russia were valued at $1.3 billion, 57 per cent of India's total inbound shipments from Russia. Other major imported items during the month included coal, soybean and sunflower oil, fertilisers, and non-industrial diamonds. That month, Russia was also the fourth-largest crude petroleum supplier to India, after Iraq, Saudi Arabia, and the United Arab Emirates (UAE).
Jaishankar on Tuesday countered criticism of India's position on Ukraine.
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
'China is India's primary strategic challenge, which will not go away.
In outbound travel, India will be ahead of Italy, South Korea, Australia, Canada and France.
Two days ahead of his crucial visit to Ukrainian capital Kyiv, Prime Minister Narendra Modi on Wednesday said he was looking forward to sharing perspectives with President Volodymyr Zelenskyy on a peaceful resolution of the Ukraine conflict.
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