Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Arjun Menon looks at the Top 10 South films that made an impact in 2024.
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65 per cent of the monthly average of about 15 million barrels from Saudi Arabia in May, three sources with knowledge of the matter said. The move follows tensions between India and Saudi Arabia over the Kingdom's hawkish stance on boosting production to cool prices.
France has said it will deploy some 35,000 security agents and the military to secure the 2024 Olympic Games opening ceremony
Oil and LNG prices are likely to shoot up if Iran is to block Strait of Hormuz, through which countries like India import crude oil from Saudi Arabia, Iraq and UAE, leading to a spike in inflation, analysts said on the Iran-Israel conflict. The Iran and Israel conflict has escalated over the last few days. Iran first launched drone and rocket attacks on Israel, which retaliated by firing a missile. Crude oil prices have hovered around USD 90 per barrel since the conflict.
The United States and Iran severed formal relations in 1980 after the Revolution and ties were hostile when their soccer teams clashed in the 1998 World Cup.
Equity benchmark indices Sensex and Nifty on Friday reversed their six-session losing streak and rebounded more than 1 per cent on value buying in auto, IT, financial and energy stocks. Better than expected quarterly financial results of corporates also boosted investor sentiments even as uncertainties persisted over the escalating tensions in the Middle East, according to analysts. In a largely range-bound trade, the 30-share BSE Sensex rose 634.65 points or 1.01 per cent to settle at 63,782.80 points.
The S&P BSE Sensex tumbled 534 points to close at 25,627.
General David H Petraeus, the top United States Commander in Middle East, has signed a secret directive ordering that 'Special Operations' troops be sent to countries such as Iran for reconnaissance, a move that may lead to possible strikes against Tehran if tensions over its nuclear ambitions escalate. These military officials will be dispatched to nations in the Middle East, Central Asia and the Horn of Africa as well as Iran on intelligence gathering assignments.
Iran and Saudi Arabia have agreed to re-establish diplomatic relations and reopen embassies after talks in Beijing between officials from the two rival Middle East powers, Iranian state media reported on Friday.
Trump called on Iran to "work together" to eliminate the Islamic State, saying the killing of ISIS chief Abu Bakr al-Baghdadi was "good" for Iran.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
A sharp decline in crude and strengthening of the rupee added to the buoyancy.
'The long-term impact of elections is minimal.'
Meanwhile, Israel has expressed its "deep disappointment" with China's response to the war.
Islamabad also summoned the Iranian charge d'affaires here and issued a strongly worded condemnation of Iran's "violation of its airspace", the Foreign Office said.
When mainstream Hindi cinema is preoccupied with romance, comedy, horror and action, stories about sisters and brothers are very rare. Vasan Bala has made a first-of-its-kind film where the leads play sister and brother, notes Aseem Chhabra.
The contest between the two nations, who severed ties more than 40 years ago, was being held with increased security to prevent a flare-up over the unrest that has gripped Iran since the death in custody of 22-year-old Mahsa Amini on Sept. 16.
The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.
While the announcement of the deal came on Friday, at a time of increased tension with Iran, Pentagon Press Secretary George Little said in a statement that the deal was inked on December 25 when the US and UAE signed a Letter of Offer and Acceptance (LOA) for a Foreign Military Sales-configured Terminal High Altitude Area Defence System, valued at approximately $3.48 billion.
Indian Ambassador to the US Harsh Vardhan Shringla said India has stopped importing oil from Iran after the United States refused to extend exemption from sanctions earlier this month.
As tensions mount in the Gulf over Iran's nuclear ambitions, Israel is reported to have armed its new fleet of submarines supplied by Germany with nuclear tipped cruise missiles.
Pakistan's ministry of foreign affairs said that the violation of Pakistan's sovereignty is "completely unacceptable" and warned of serious consequences.
Speculation is rife that Xi is likely to make an attempt to initiate peace talks between Russia and Ukraine to end the ongoing conflict in Ukraine.
The rivalry between the local leaders of the two parties could be a cause of concern for Shinde.
Morocco, in second place in their group but tied on 4 points with top team Croatia, play their final game of the group stage against Canada on Thursday.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
Other losers included Maruti, HDFC, Hero MotoCorp, Sun Pharma, HUL, Kotak Bank, Coal India, RIL, TCS and Bharti Airtel, shedding up to 3.39 per cent.
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
Silver crossed the coveted Rs 50,000 per kg mark today by rising Rs 1,200 to Rs 50,500 per kg, while gold surged to an all-time high of Rs 21,240 per 10 grams, an increase of Rs 300 from its previous close, on brisk buying by jewellers for the ongoing marriage season.
The Indian economy is in a strong footing. The only areas of apprehension are the impact of crude prices on the fiscal situation and on the interest rates.
Among Sensex stocks, L&T was the top loser, shedding 2.19 per cent, followed by ONGC, Titan, Sun Pharma, Hero MotoCorp and Infosys.
A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia's production as it cut 5.7 million barrels per day or over 5 per cent of the world's supply.
Bush and Danish Premier Rassmusen reiterated the importance of tolerance and freedom of expression.
Any miscalculation and miscommunication are fraught with the risk of a major catastrophe, warns Rup Narayan Das.
Israel's ministry of defence and the Israel defence forces on Sunday said they are planning to evacuate another 14 communities close to the Lebanese border, The Times of Israel reported.
India's crude oil imports are coming in from a changing mix of countries, with the top three accounting for around 60 per cent of total imports. Russia emerged as the largest source of crude oil imports for India in June, as per the latest available data from the Organization of the Petroleum Exporting Countries (OPEC). The data which is released with a lag, showed that Russian imports accounted for 24 per cent of the total crude imports into the country.
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