After a spike in crude oil and gas prices in October following the Hamas terror attack, prices eased down 9 per cent month-on-month in November. The Organization of the Petroleum Exporting Countries (Opec) and Opec+ agreed to a further voluntary production cut in January-March 2024 to try and support global crude prices. The best guess here is that crude prices (currently at $75/barrel, or bbl) will not likely cross significantly above $80, and gas prices are also likely to remain subdued unless there's a further escalation in the Israel-Hamas conflict.
A bench of Chief Justice DY Chandrachud and justices PS Narasimha and JB Pardiwala passed the order after hearing an application of Uttar Pradesh government seeking more time to install and operationalise 100 per cent STP coverage in the state.
Prime Minister Modi and President Xi held the conversation on Wednesday on the sidelines of the BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg.
The broadcaster too has explained the difficulties to relocate their equipment and staff to Hambantota, a deep Southern district, at such a short notice.
The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.
The flow of money into Non-Resident Indians (NRIs) deposits witnessed a substantial increase, touching $2.14 billion in the first quarter of this financial year (Q1FY24), compared with $349 million in the same period in FY23. The outstanding NRI deposits rose by $2.5 billion, standing at $141.28 billion at the end of June 2023, up from $138.77 billion in May 2023, according to Reserve Bank of India (RBI) data. RBI released the updated data in the bulletin after almost three months.
The Enforcement Directorate on Monday seized three offices in a prime location in Mumbai, valued more than Rs 41 crore, as part of a foreign exchange violation probe against a businessman whose name figured in the Panama Papers.
The incident took place around 8.30 am at the under-construction site of Amrapali Dream Valley Society, the police said, adding that the long-stalled project is being completed by the state-run NBCC.
Jaysukh Patel, moved the anticipatory bail plea in the sessions court in Morbi fearing arrest in the bridge collapse case, sources said.
In the absence of the Army, the BCCI may not consider a depleted Services side worthy of participation at the national level, notes Air Marshal Pramod Vasant Athawale (retd).
The Belagavi administration has banned three Maharashtra ministers and an MP from entering this border district, as they are expected to participate in the "black day" event organised by Maharashtra Ekikaran Samiti (MES) on November 1, on the occasion of Karnataka formation day.
New Year resolutions often focus on lofty ambitions, say, shedding 20 kg within six months, without considering processes. What we may be lacking is a concrete plan, observes Kumar Abishek.
The 2024 Kia Sonet facelift impresses with its comprehensive upgrades, ranging from a refreshed exterior design to advanced safety and technological features.
'They will continue to keep pricking at places where both of us are sensitive and keep the LAC alive.'
Indian airline industry is expecting to prune its net losses to Rs 3,000-5,000 crore in this fiscal from an estimated Rs 17,000-17,500 crore in FY2023 on the back of improved yields and stable cost environment, credit ratings agency ICRA said on Tuesday. At the same time, ICRA also estimated that domestic air passenger traffic will expand by 8-13 per cent each in FY2024 and FY2025. The rating agency has also maintained its stable outlook on the industry in view of healthy passenger traffic growth, improved yields and a stable cost environment.
The Border Roads Organisation says it will complete restoration of the Amarnath Yatra track by June 15, 2023.
Sarma said his government will take further steps based on the suggestions of the home minister.
The phenomenon of fog is largely Delhi-centric. 'Airlines may think that we only have conditions of extreme fog on a few days every year, and spending a pilot's time and the airline's money on training can add up to its expenses.' 'So, they may prefer holding it for a few days.'
'We carry 6.5 billion passengers every year. We have crossed seven billion this year, and are targeting 10 billion by 2030.'
'We need to find out whether any structural element has got fatigue.' 'We want to increase the lifespan of the bridge.'
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated $70 billion at list prices. The Tata Group-owned airline had announced that it will buy 470 aircraft, including wide-body planes, in February this year. The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.
This comes after the Hamas attack on Israel in which more than 1,400 Israelis were killed, mostly in the initial Hamas attack. In addition, 203 people were believed captured by Hamas during the incursion and taken into Gaza, the Israeli military has said.
The Karnataka high court has directed the police not to take precipitative action against Aaj Tak news channel's consulting editor Sudhir Chaudhary in an FIR filed against him, but said that there was a prima facie case against him, and it should be investigated.
Indians remitted close to $2 billion in November under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS), latest data released by the central bank showed. Outward remittances under the scheme jumped 29 per cent to $1.99 billion compared to $1.54 billion in the year-ago month. Sequentially, outward remittances under the scheme were up about 3.5 per cent.
Chief Judicial Magistrate MJ Khan sent Patel in the custody of the special investigation team formed by the state government to probe the case till February 8.
The Supreme Court on Thursday upheld a Madras high court order allowing Edappadi K Palaniswami to continue as interim general secretary of the All India Anna Dravida Munnetra Kazhagam, establishing his position as the single, supreme leader of the party.
The resolution, sponsored among others by Algeria, Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates and Palestine, demanded an immediate humanitarian ceasefire in Gaza and reiterated its demand that all parties comply with their obligations under international law, "notably with regard to the protection of civilians."
Nextbillion Technology (Groww), the venture capital-backed broking platform, has dislodged Zerodha Broking as India's largest brokerage in terms of number of active clients. Groww had 6.63 million active clients at the end of September, as against Zerodha's 6.48 million, ending the latter's long run at the top. AngelOne and RKSV Securities (Upstox) were ranked third and fourth with 4.86 million and 2.19 million active clients, according to data available on the National Stock Exchange (NSE).
How can a detenu already in jail and facing trial participate in rioting and stone pelting during that intervening period, the judge asked.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
The USNS Salvor was welcomed with a ceremony at the shipyard on Monday, and it is the first ship to arrive after the signing of the MSRA.
Coupang, a prominent online retail giant headquartered in the United States (US), is gearing up to establish a cutting-edge technology centre in India, aiming to hire several dozen skilled professionals by the end of the year, Business Standard has learnt. The intended expansion involves the recruitment of software engineers across various domains, underscoring Coupang's commitment to extend its global reach. The Indian team will support the company's global technology team, sources said.
Ajanta Manufacturing Limited (Oreva Group) was responsible for the operation and maintenance of the British-era suspension bridge on the Machchu river that collapsed, with a special investigation team formed by the state government citing several lapses on the part of the firm.
The Supreme Court on Wednesday refused to entertain pleas seeking a direction to the Centre to frame religion and gender-neutral uniform laws governing subjects like marriage, divorce, inheritance and alimony, saying it cannot direct Parliament to "enact the law".
Four persons were arrested on Monday in connection with the collapse of the cable suspension bridge on the Machchu river in Morbi in Gujarat in which 134 people were killed, the police said.
The HC sought the information from the Morbi municipality while hearing a suo motu (on its own) public interest litigation on the collapse of the bridge.
The scheduled temporary runway closure is an annual exercise and a contingency plan on the same will help maintain operational continuity and ensure passengers' safety, the private airport operator said in a statement.
Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis' Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per cent Y-o-Y) on better North American and European volumes. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 2 per cent Q-o-Q to Rs 5,610 crore despite lower input costs in India and better Novelis performance.
The Delhi government will extend its beautification efforts to all parts of the national capital after G20 designated parts of the city witnessed a facelift for the international summit, cabinet ministers Atishi and Saurabh Bharadwaj announced on Monday.
The Armed Forces (Special Powers) Act or AFSPA was extended by another six months in Manipur on Wednesday barring 19 police stations falling under the Imphal valley and an area that shares its boundary with neighbouring Assam.
