The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
India's exports to Iran have been falling over the last one year, amid decline in rupee reserves of the West Asian economy. Going ahead, the possibility of augmenting exports to Iran may not be easy for India, considering the geopolitical tensions - Russia-Ukraine and Israel-Hamas conflicts - and the West Asian country's support for Russia and Hamas, people aware of the matter said. Exports to Iran saw a downward spiral since November last year.
The MSC Aries was last seen on Friday, sailing towards the Strait of Hormuz off the coast of Dubai, according to The Times of Israel.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
Seven fishermen from Kerala, three from Tamil Nadu, and a citizen of an Arab nation who went fishing from Ajman, UAE, were detained by the Iranian Navy a few days ago after they unintentionally crossed over the waters of the Middle East nation.
GPS spoofing is considered to be a form of cyber attack that includes generating false GPS signals. The false signals result in misleading the navigation equipment which creates a significant risk to aircraft.
'I said, fellas, come on, let's make a deal, let's do some trading, let's not trade nuclear missiles, let's trade the things that you make so beautifully, and they both have very powerful leaders, very strong leaders, smart leaders, and it all stopped.'
Indian wrestler Sunil Kumar won the bronze medal in the 87kg Greco Roman bout of the Asian Championship hin Amman, Jordan on Tuesday.
With the Middle East tensions flaring up, Air India has temporarily suspended its Tel Aviv flights and airlines have charted alternative flight paths to avoid the Iranian airspace.
At the airport, Joseph was received by the regional passport officer.
Agriculture, pharma, electronics, and engineering goods together accounted for over 50 per cent of India's merchandise exports in 2024-25, according to government data, highlighting the country's growing strength in diverse sectors amid efforts to boost manufacturing and value-added exports.
The ceremony, held at the famous St Peter's Basilica and attended by clergy and dignitaries from around the world, witnessed the induction of 21 new cardinals from various countries.
Russian Foreign Minister Sergey Lavrov has confirmed that President Vladimir Putin has accepted an invitation from Prime Minister Narendra Modi to visit India. The visit is currently being prepared, though the dates have not yet been revealed. This visit follows Prime Minister Modi's trip to Russia in July 2024, his first since 2019. The two leaders have maintained regular contact and have emphasized the strength of the Russian-Indian strategic partnership.
Jaishankar emphasised that the stability of the Middle East region was essential because about one crore Indian citizens live there and said, "a large part of our shipping passes through this region and also, oil comes from there."
Bill Aitken came to India nearly 60 years ago. He never returned. An Indian citizen since 1972, he tells Rediff.com's Archana Masih how India changed his life forever.
After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over Rs 5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings, particularly in domestic-oriented sectors like capital goods, manufacturing, and infrastructure, Vinit Bolinjkar, head of research, Ventura Securities, said.
The 'mediation' by the United States from behind the scene on the diplomatic track appears to be once again working, which calls on both Delhi and Islamabad to show restraint and pull back from a military confrontation, notes Ambassador M K Bhadrakumar.
'I am worried that Pakistan will still feel compelled to take substantive military action beyond this apparent drone activity.' 'If so, the crisis could persist for a while more and dangerous days are still ahead.'
The 18 companies sanctioned include Marshall Islands-registered Changtai Shipping and Motionavigations Limited and UAE-based Indo Gulf Ship Management.
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew Rs 61,973 crore from equities.
The government is looking to give Bharat Global Ports a certain amount of domestic exposure after it set up the state-owned consortium to increase India's global maritime heft, officials aware of the development said. The intended domestic exposure is meant to give the consortium experience and build its credentials for international projects.
Indian cue sports maestro Pankaj Advani has won an unprecedented 14th gold medal at the Asian Snooker Championship in Doha, Qatar.
In the end, India emerged victorious with a 33-29 win, securing the coveted gold medal.
Here is the complete list of tariffs imposed by US President Donald Trump on Wednesday.
Two Indian seafarers stranded without passports on a cargo ship in Iran's port city of Bushehr since 2019, have been released after the Indian embassy in Teheran issued travel documents, the Maritime Union of India (MUI) said on Friday. The claim made by the MUI could not be independently verified.
'Geopolitical stability could remove the crude oil risk premium.'
'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'
'Netanyahu lured Trump into a trap by enticing him with a seductive scenario of massive lucrative business in Gaza's reconstruction.' 'Trump's imagination is running riot, completely disconnected from ground realities,' asserts Ambassador M K Bhadrakumar.
What despots and dictators, jammers and competitors, had not managed to do in 83 years -- what the Soviet Union had failed to counter during the Cold War; what China had failed to crush during the Tiananmen Square uprising -- a US President had succeeded with his own hand, notes Krishna Prasad.
The capital punishment handed to Indian nurse Nimisha Priya by a Yemeni court has not been ratified by President Rashad al-Alimi, the West Asian nation's embassy said on Monday.
Unless something changes, Mr Trump is a huge threat right now, which is perhaps not being recognised fully, cautions Debashis Basu.
Just 18 months after pairing up, the young mixed doubles pair of Sathish Kumar Karunakaran and Aadya Variyath rise to World No 33.
'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'
Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points. The rally in China has been fast-forwarded by the approach of a seven-day holiday with the CSI 300 Index up 8.5 per cent on Monday, and 25.1 per cent in five trading days, he said.
Lisa Curtis, who served as deputy assistant to President Trump and as National Security Council senior director for South and Central Asia from 2017 to 2021, said she expected the same bumps for India and the US, as in Trump's first term, including tariff, dependence on Russia over arms supply and oil purchase from Iran. Curtis, however, said both countries could never enter an alliance but develop a partnership that is "short of an alliance". She hoped them to achieve a cooperation that deters China, but also prepares both countries in case of a crisis or conflict, be it in the Taiwan Strait, the South China Sea, or another flare-up on the India-China border.
'During Eid Muslims get Eidi, but Opposition parties never gave that to them.' 'When PM Modi is giving Eidi to Muslims Opposition leaders are getting upset.'
The Indian Navy continues to monitor the situation very closely with all stakeholders and remains committed to ensuring the safety of merchant shipping in the region, it said in a statement.
The passengers have been quarantined at the Indian Army Wellness Centre at Jaisalmer.
'Israel would make Iran and its proxies pay. They, along with Qatar, fund terror all over the world.'
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