India's exports are unlikely to get an immediate boost from a depreciating rupee, which touched an all-time low on Monday, driven by rising commodity prices. The rupee fell to 76.97 against the dollar earlier in the day, settling 1.05 per cent weaker than the previous close. Oil prices soared to their highest since 2008 on Monday at $139 per barrel, after the US and European allies explored a Russian oil import ban, while delays in the potential return of Iranian crude oil to global markets increased supply fears.
India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa. Russia now makes up for nearly 42 per cent of all crude oil India imported in May.
''None of the existing vaccines have 100% efficacy.' 'Each vaccine will work openly on a certain percentage of the population.'
'The 2024 election results will lead to much intense targeting of Modi, more intense debates, many more breakdowns in Parliament and many more movements on the streets.' 'The results have hit Modi's standing, and the politics of the Opposition parties will be sharply focused to ensure that Modi doesn't get back his charisma of being 'invincible' with help of State power.' Sheela Bhatt looks at the political situation through the prism of 2024 Lok Sabha election results.
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
'Pakistan has no strategic depth and is vulnerable to Indian military power without even crossing the border,' says Colonel Anil A Athale (retd).
The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week. The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur's) move to acquire Religare Enterprises, a financial services company. "We have not received any formal communication on any such FIR
British Defence Secretary M Fallon on Thursday laid a wreath at the war memorial at India Gate to commemorate India's contribution during World War I.
His mother sold her gold chain so Dhruv could buy a cricket kit after his father, a Kargil War veteran, told him to give up the game because it was too expensive.
The vaccination rate needs to go up by three to four times, assert Ajay Shah and Amrita Agarwal.
'An all-out war affects the whole nation.'
The cement industry continues to present a puzzle to investors.
Ram Vilas Paswan was no fool. He knew very well about the ownership tussle going on beneath this veneer of congeniality. At all costs, he wanted to keep the lid on the family drama. He did not want it to come in the way of his son's coronation.
Recalling the 2016 surgical strikes, he said Indian troops gave a befitting reply to the "audacity of a proxy war" under the "garb of terrorism".
A healthy growth in India's services segments has helped the country's total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to $415.5 billion during the six months of this year, as against $441.7 billion in January-June 2022.
Crowd roar as Xi opens Hangzhou Asian Games
'Our stomachs, accustomed now only to the blandness of stems and leaves, rumbled at unaccustomed aromas not intended for our consumption.' 'Heaven awaited on a platter -- but not for us,' sighs Kishore Singh.
The Bombay high court on Wednesday permitted Delhi University's associate professor Hany Babu, an accused in the Elgar Parishad-Maoist links case, to be shifted to the private Breach Candy Hospital in Mumbai for medical treatment.
The responsibility for peace in Ukraine now rests in the hands of the two principal belligerents, Russia and the US, and the prime victim of this great power rivalry, Ukraine, points out Nitin Desai.
Offers 40% cheaper calls to India, AT&T also drops rates.
Guterres urged members of the Security Council to press to avert a humanitarian catastrophe and appealed for a humanitarian ceasefire to be declared.
What India has failed to acknowledge is that sub-conventional war is the name of the game and irregular forces have emerged with greater strategic value over conventional and even nuclear forces, and reliance purely on conventional force and diplomacy is grossly inadequate, says Lt Gen Prakash Katoch (retired).
Ladakh has put up a seven-feet high statue of two-time Maha Vir Chakra (MVC) awardee and hero of the battle of Turtuk, Colonel Chewang Rinchen, at his native Sumoor village in Leh, officials said on Monday.
Rajnath Singh asserted that India has every capability to thwart challenges along the border to protect the country's territory.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
'Vajpayee was the first prime minister to visit the battlefield at the height of conflict,' recalls Colonel Anil A Athale (retd).
India was the world's biggest importer of Russian oil in February, exceeding China by 20 million barrels.
Tata Steel has a very British problem. The performance of Europe dragged the steel major's October-December (Q3FY23) performance with the UK business accounting for a major part of the operating loss; on the bottom line, the overhang of the British Steel Pension Scheme (BSPS) showed. And a nearly three-year discussion with the UK government on a support package for a green transition resulted in an offer that fell short of the ask.
The Opposition's stand on the Ayodhya consecration is puzzling. Their only objection seems to be that the BJP has hijacked a religious event for political benefit. In saying this, the Opposition is either being naive or hypocritical, argues Jyoti Punwani.
Novelis' results for the January-March quarter of the 2022-23 financial year (Q4FY23) disappointed investors and as a result, the share price of Hindalco (Novelis is a 100 per cent subsidiary of Hindalco) has slid. The non-ferrous metals major is suffering from the impact of a down-cycle in aluminium and copper, as well as the slowdown imposed in Europe by the Russia-Ukraine war. Prospects for the firm look gloomy, at least for the first half (H1) of FY24.
InterGlobe Aviation, the parent of the country's largest airline IndiGo, will convene a shareholders' meeting on December 30 to amend the company's Articles of Association (AoA) following a joint request from its promoters. The promoters -- Rahul Bhatia and Rakesh Gangwal -- together with their related entities and individuals own 77.4 per cent stake in InterGlobe Aviation. In a regulatory filing on Monday, the company said it will convene an Extraordinary General Meeting (EGM) on December 30 to amend the AoA to remove restrictions on transfer of shares by the promoters.
India's economy could also suffer some ill-effects without necessarily triggering retaliation via higher tariff barriers against Indian goods, says Devangshu Datta.
'Any dietary approach is incomplete without physical exercise.' 'Application of calorie restriction/intermittent fasting alone would lead to a decrease in muscle mass, and possibly bone mass too.'
The first five months of 2023 have witnessed at least six major events/trends that augur badly for global economic and socio-political prospects, points out Shankar Acharya, former chief economic adviser to the Government of India.
RBI's projection of retail inflation at 6.8 per cent in the current fiscal is neither too high to deter private consumption, nor so low as to weaken inducement to invest, the Economic Survey said on Tuesday. However, entrenched inflation may prolong the tightening cycle and therefore, borrowing costs may stay 'higher for longer', it said. The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman.
Move 10 per cent of your portfolio to the yellow metal.
In line with the government's vision of 'Aatmanirbhar Bharat', the ministry of defence on Thursday signed contracts with Indian shipyards for the acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
