Aviation Turbine Fuel (ATF) prices have more than doubled to a record high, impacting airlines and consumers, while commercial LPG rates also see a significant increase.
The G20 foreign ministers' meeting on Thursday was unable to come out with a joint communique due to sharp differences over the Ukraine conflict despite persistent efforts by host India to build consensus.
Revenue collection next financial year may be affected, and, along with this, subsidies on food and fertilisers can go up if the war in West Asia drags for long, according to experts.
Foreign brokerages have started to cut their year-end targets for the Nifty 50 index amid the ongoing West Asia conflict.
'The White House lunch that Trump hosted for Munir last year came just after Munir returned from a visit to Iran, at a moment when Israel and Iran were at war.' 'Trump said after that lunch that the Pakistanis know Iran very well. He likely views Munir as a useful interlocutor that can give helpful insights on Iran.'
The US has temporarily permitted India to accept Russian oil already on ships to ensure energy supplies amid the conflict with Iran. This short-term measure is not expected to significantly benefit Russia financially.
"Just had a wonderful phone call with my friend, Prime Minister Narendra Modi. I wished him a very Happy Birthday! He is doing a tremendous job. Narendra: Thank you for your support on ending the War between Russia and Ukraine! President DJT," Trump posted on Truth Social, signing off with his initials to underline the personal tone of the message.
16 days into the war, US forces were already running out of ground-attack missiles and Israel is about to expend its entire Arrow interceptor missiles by end March. To be sure, the Iranians are watching closely and that explains their defiant stance that 'Iran will end the war when it decides to do so and when its conditions are met', notes Ambassador M K Bhadrakumar.
Despite the lack of a formal agreement, Trump described the summit as a success
Trump has made it clear: the US will not lift its blockade of Iranian ports until a deal is signed.
His assertion came after Trump claimed that his "friend" PM Modi has assured him that India would stop purchasing oil from Russia, a move he described as a big step toward increasing pressure on Moscow over its invasion of Ukraine.
Punjab Chief Minister Bhagwant Mann has accused the central government of providing 'VIP treatment' to gangster Lawrence Bishnoi, criticising perceived double standards in dealing with crime.
Russian President Vladimir Putin on Sunday proposed holding direct peace talks with Ukraine in Istanbul on May 15 without any preconditions, a move welcomed by Ukrainian President Volodymyr Zelenskyy, who insisted that Moscow must agree to a ceasefire first.
At a media briefing, French President Emmanuel Macron said the G20 leaders' declaration "confirms" Russia's isolation for its attack on Ukraine and that the bloc is committed to "just and lasting" peace in the war-torn country.
'In investing, poor sentiment is always a good vintage to build a portfolio.'
Supporting Trump's proposal for a trilateral meeting between Ukraine, the US, and Russia, Zelenskyy said, "Key issues can be discussed at the level of leaders, and a trilateral format is suitable for this."
Donald Trump is claiming he prevented a war between India and Pakistan, a statement that has been repeatedly made by the former US President despite denials from India.
Putin argued that European countries are putting forward demands related to the conflict that Russia cannot accept. He further accused Europe of obstructing initiatives by the United States and President Donald Trump to pursue a negotiated settlement.
The spokesperson said India has "always advocated constructive, solution-oriented, and practical engagement with all stakeholders to achieve a negotiated settlement to this conflict".
R Praggnanandhaa leads a fearless new generation at the Candidates 2026 as veterans face a shifting chess landscape ahead of a world title clash.
The recent conflict between India and Pakistan was among the issues figured during a phone call between Russian President Vladimir Putin and US President Donald Trump, according to a Kremlin aide.
The summit, scheduled for Friday, marks the first in-person meeting between the leaders of the US and Russia in over four years.
The leaders said they stand for adherence to international law, peaceful resolution of disputes and respect for principles of the UN Charter, including territorial integrity and sovereignty of all states.
President Trump addresses questions about US imports from Russia and India's stance on purchasing Russian oil, hinting at potential tariffs.
From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India's reliance on Russian oil has surged -- drawing fresh scrutiny with US President Donald Trump announcing a penalty on top of a 25 per cent tariff, or tax, on all goods going to the US.
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.
The International Olympic Committee pleaded on Wednesday with skeleton racer Vladyslav Heraskevych to compete without his banned helmet depicting Ukrainian athletes killed since Russia's invasion and avoid potential disqualification.
The New Delhi G20 Declaration refers only to the "war in Ukraine" and noted with "deep concern the immense human suffering and the adverse impact of wars and conflicts around the world."
India has been stoutly defending its "special and privileged strategic partnership" with Russia and maintained the momentum in the ties notwithstanding the Ukraine conflict.
The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.
'Was the five-day pause ever meant to hold, or was it simply another instrument of signaling, of positioning, of buying time in a war where even the pauses are tactical?' asks Prem Panicker in his must read daily blog on the Gulf War.
Defence Minister Rajnath Singh lauded the armed forces' performance during Operation Sindoor, emphasizing the importance of technology and adaptability in modern warfare. He urged air force commanders to learn from the operation and stay prepared for future challenges.
Egypt, Pakistan, Saudi Arabia and Turkey met in Islamabad in what analysts say is the formal opening of a new diplomatic formation that could reshape the post-war regional order. Their immediate goal is a ceasefire; their larger ambition is to ensure that neither Iran nor Israel emerges from this war in a dominant position. Pakistan's foreign minister then flew directly to Beijing and mooted a Chinese role as guarantor of any eventual agreement. Prem Panicker continues his must read daily blog on the Gulf War.
The UN Security Council, with India's support, has adopted a resolution condemning Iran's attacks on Gulf Cooperation Council countries and Jordan, demanding an immediate cessation of hostilities and denouncing threats to the Strait of Hormuz.
After more than four hours of talks in Saudi Arabia, the US and Russia agreed on four key principles, Rubio said on Tuesday. These include appointing a high-level team to help "negotiate and work through the end of the conflict in Ukraine" in a way that's "acceptable to all the parties engaged."
The deal shifts the US posture towards India from hostile to neutral, and that matters for growth, points out T T Ram Mohan.
'Russia, as you know, lost almost 25,000 over the last month and a half. Ukraine lost just a few, and lots of people are dying.'
Ukrainian President Volodymyr Zelenskyy has backed the imposition of tariffs on countries maintaining economic ties with Russia, saying it is the 'right idea' in the face of continued aggression by Moscow.
Using an expletive in his post on X, Navarro said, "Fact: India didn't buy Russian oil in large quantities before Russia invaded Ukraine. It's blood money and people are dying."
Beijing has been wary of Sanae Takaichi's efforts to boost Japan's military profile since taking office six months ago, points out Dr Rajaram Panda.
