He did not mention the issue of Jammu and Kashmir.
Pushing a barrel of oil back to around $100 would require a reduction of production of about two million barrels a day - a cut that would fall predominantly on Saudi Arabia.
Making sense of the international crude market is incredibly hard.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
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To no one's surprise, the first question directed at Indian Ambassador to the United States Dr S Jaishankar -- at the end of his first public address since he assumed his duties in December -- was about the controversial Devyani Khobragade episode.
'If you invest your entire capital in talks, you cannot abruptly change gear and decide on war.'
American intelligence service used bugs, phone taps and cybermonitoring to obtain information from European Union embassies and offices in Washington, New York and Brussels, a German weekly reported on Sunday.
Cyberspace is a battleground as important as the traditional domains of air, land, sea and space, says US Defence Secretary Ash Carter, who visits India next week.
Rediff.com takes a look at some personalities who are likely to win the prize this year.
'India is a huge market for Chinese goods. I don't think a war stands to logic when you have economic compulsions, but then Chinese are known to do illogical things.'
India's macroeconomic situation has benefited from oil prices' decline.
The football fans in Kochi will get a chance to witness a fascinating contest between Brazilian attacking flare and Spanish 'tiki-taka' possession football in what could be a final before the final of this tournament.
The country has produced a record harvest, but many farmers in the onion bowl of Maharashtra have lost a large share of their crop damaged in storage, adding to the country's inflation woes.
'Clearly, the Modi government is proving to be far more willing than any previous government in Delhi to hitch India's wagons with the US' regional strategies.'
'Our intentions are clear. If I keep all the acquired land under the ownership of the government, why do you raise questions about my intentions?' 'One achievement of my ministry would be the gas pricing policy. Two, we made a delivery mechanism (for domestic LPG) which is the largest in the world. We are crediting money to the poor directly. It is the biggest structure of direct subsidy transfer.' 'It is very easy to work with Modi. He gives everyone a chance in decision-making. I have become a minister for the very first time, but if we want to raise any issues in the Cabinet, we have full freedom to do so.' The second and final part of Union Oil Minister Dharmendra Pradhan's exclusive interview with Sheela Bhatt/Rediff.com.
'The Modi government's pusillanimity vis-a-vis Pakistan makes almost certain that India will, in the coming weeks and months, be confronted with cross border terrorist actions of increasing intensity,' warns Satish Chandra, former deputy national security adviser.
In perhaps the first major conference on the United States-India strategic partnership in the aftermath of the Khobragade controversy that plunged the bilateral relationship in a downward spiral and is now in the process of being resurrected, the undeniable consensus among the panelists and participants was that much ballyhooed strategic convergence between Washington and New Delhi has dissipated.
'I believe Modi mentioned Balochistan only to embarrass Pakistan and also divert attention toward the situation in Kashmir.' 'I think from now on, India intends to raise Balochistan whenever Pakistan brings up Kashmir or upsets them on the issue of terrorism.' 'Balochistan is the least developed of Pakistan's four provinces. It is the least educated and least economically developed. People are agitated that a region so rich in mineral resources and a sea-port is still so poor.' Baloch political analyst Malik Siraj Akbar on why the province wants freedom from Pakistan.
Pakistan Prime Minister Nawaz Sharif continues his exhortation for US mediation in Kashmir, and harks back to his meeting with former Prime Minister Atal Bihari Vajpayee when the latter had agreed to a resolution of Kashmir imbroglio; senior us officials assert there is 'absolutely no change in us policy' that Kashmir has to be resolved bilaterally. Aziz Haniffa reports.
Rajeev Srinivasan on the disastrous after-effects of a made-up spying incident
'If there's one administration that would be likely to put the squeeze on Pakistan, it's the Trump administration.' 'This is an administration that views terrorists as a black and white issue (kill them all, no questions asked), and will have little patience for Pakistan's selective policy toward terrorism.'
A summary of sports events and persons who made news on Friday.
Can Modi and Obama forge a common outlook on international terrorism?
'Pakistan may feel emboldened to give an upswing to the proxy war in J&K, having secured a better international consensus on its strategic importance.' 'The raising of Pakistani flags by separatists in J&K is an attempt to win psychological space and more of this can be expected as we go into the summer.' 'Pakistan should remain warned that pushing India on this issue will be dangerous.'
During last week's Nuclear Security Summit, President Obama asked the media to leave and then screened videos depicting plausible scenarios pertaining to nuclear terrorism.
'We don't want confrontation; we are trying to build a cooperative relationship in which both sides have stakes in producing an improving climate of relations and responsible behaviour.' What does Shiv Shankar Menon, one of India's most brilliant diplomats and the former National Security Advisor, think of the Modi visit to the US, the Chinese stand-off in Ladakh and the situation on the LoC?
Nearly 30 IM members are an active part of the terror group behind the suicide attack at Wagah, which is worrying Indian security agencies.
A new West Asia is emerging and India must engage at the highest level and help shape this change, says Saeed Naqvi
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
Pop sensation Psy brought the house down 'Gangnam Style' as Incheon laid out the red carpet for over 13,000 competitors from 45 countries with an exhilarating opening ceremony to launch the 17th Asian Games at the main stadium on Friday.
'When Sultan released, I got greedy. I decided to make another film with Salman because he gets me a lot of box office.'
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Two US warships fired at least 50 cruise missiles at the Ash Shai'rat airfield in Homs province in western Syria, from where the US administration believes Syrian President Bashar Al-Assad fired the chemical weapons against his own people, media reports said.
The US foreign and security policy establishment, says Ambassador M K Bhadrakumar, apprehends that Trump may compel them to exorcise the 'unipolar predicament', and bring foreign and security policies to reflect the desires and priorities of the American public.
'We are going to see relatively soon an executive order that deals with H-1B and other temporary visas.' 'We are also going to see an executive order on undocumented people.' 'Undocumented Indians comprise the largest population growth of all undocumented people in this country.' 'Just because India is not named in this executive order doesn't mean it won't be in the future.'
With fresh enrollments crossing 100,000 mark, the total number of Indian students studying in the US reported a sharp increase this year.
BCCI's decision to not send Indian teams for the Asian Games drew sharp criticism from the Olympic Council of Asia (OCA) on Saturday, which accused the influential cricket board of treating the sport just as a business venture.
If you are more than your rhetoric about a strong and united country, give us our due -- treat us as countrymen, says an ordinary Muslim in this open letter.
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