Indian imports of Russian crude oil may stabilise or even decline in 2024 from record 2023 levels amid shrinking discounts, lower output, and a rebound in West Asian supplies, according to the ship-tracking data and industry executives. This may impact the billions of dollars in annual savings that India made last year. Imports of Russian oil jumped by a record 140 per cent in calendar 2023 to 1.79 million barrels a day (b/d) from 740,400 b/d in 2022, when Russia marched into Ukraine in February, and from just 102,000 b/d in 2021, according to the data from Paris-based market intelligence agency Kpler.
The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.
Purchase of three plots of land in Haryana in 2005-06 by Congress leader Sonia Gandhi's son-in-law Robert Vadra from a real estate agent is being probed along with a land deal made by his wife Priyanka Gandhi Vadra, the Enforcement Directorate (ED) claimed in a recently filed money laundering case charge sheet.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
The plane that took off from Dubai in the United Arab Emirates carrying 303 Indian passengers, including many minors, was grounded at the Chalons-Vatry airport in Marne on Thursday.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
Naval ships deployed in the Indian Ocean region are visiting ports of friendly foreign countries and spreading the message of 'Vasudhaiva Kutumbakam' on International Day of Yoga forming an 'Ocean Ring of Yoga'.
China on Tuesday inked an agreement worth a whopping USD 4.8 billion with cash-strapped Pakistan to set up a 1,200-megawatt nuclear power plant as a sign of increasing strategic cooperation between the two all-weather allies.
Leg-spinner Wanindu Hasaranga took a career-best 6/24 as Sri Lanka opened their ICC World Cup Qualifier group league campaign with a crushing 175-run victory over minnows United Arab Emirates
China on Thursday said Beijing views the BRICS as an "open and inclusive" platform and it backs moves to expand the five-member grouping with "like-minded partners".
Prime Minister Narendra Modi on Wednesday inaugurated Abu Dhabi's first Hindu stone temple amid devotional chants and in the presence of spiritual leaders of the Swaminarayan sect.
Putin made these remarks on Tuesday while speaking at the Plenary session of the 8th Eastern Economic Forum in Vladivostok, a major port city in sanctions-hit Russia's Far East region
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said.
BCCI denied the claims that BCCI has agreed to Pakistan Cricket Board's (PCB) hybrid model for the upcoming Asia Cup 2023, said sources.
While Modi has spent fewer days abroad than his predecessor (270 days versus Dr Singh's 306), he has travelled more extensively and actively than any other Indian PM.
Prime Minister Narendra Modi on Friday met Israeli President Isaac Herzog and underscored India's support for an early and durable resolution of the Israel-Palestine issue through dialogue and diplomacy.
'In collaboration with ICC and the West Indies Players' Association (WIPA), CWI remains committed to sensitizing and educating our players and officials on anti-corruption in sports.'
The number of ultra-high net worth individuals (UHNWIs) in India is expected to rise 58.4 per cent in the next five years from 12,069 in 2022 to 19,119 in 2027, a report by property consultancy Knight Frank said on Wednesday. In its "The Wealth Report 2023", Knight Frank said that the number of Indian UHNWIs, with a net worth of $30 million or above, fell 7.5 per cent in 2022 due to economic slowdown, rate hikes, appreciation of the US dollar and geopolitical uncertainties. Globally, the number of UHNWIs fell 3.8 per cent in 2022 compared to 2021.
In more than a decade since 2002, 60 fugitives were extradited or deported by foreign governments to India, which received a major victory in its fight to bring the perpetrators of the 26/11 Mumbai attacks to justice when a US federal court agreed to the extradition of Pakistani-origin Canadian businessman Tahawwur Rana to the country.
The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.
India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. Multiple officials and industry executives said Iraq, which is India's biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. India's focus on snapping up ever-increasing volumes of Russian crude oil has led to a corresponding decline in imports from the Middle East. Flows from Iraq, Saudi Arabia, and the UAE have suffered as a result.
National Security Advisor Ajit Doval on Sunday, May 7, 2023, held a meeting with his US counterpart Jake Sullivan, United Arab Emirates counterpart Sheikh Tahnoun bin Zayed Al Nahyan and Saudi Arabia Crown Prince and Prime Minister Mohammad bin Salman bin Abdulaziz Al Saud and discussed means to strengthen ties between the countries.
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join the grouping.
Two men had allegedly cheated the 27-year-old actor, who is from Mumbai, by planting drugs on her and sending her to Sharjah under the pretext of an 'audition' while promising her a role in a Hollywood web series.
The evacuation came days after External Affairs Minister S Jaishankar spoke to his Saudi Arabia counterpart and Prime Minister Narendra Modi chaired a high-level meeting to review the security situation in Sudan.
According to an official statement, Modi, at a high-level meeting, instructed relevant officials to remain vigilant, closely monitor developments in Sudan and evaluate safety of Indian nationals there.
The sources said India's priority is safety of movement and well being of individuals wherever they are located.
Iltija, 35, moved the Jammu and Kashmir high court in February after her application for a passport was not cleared.
United Arab Emirates finished runner-up to the U.S. to claim the second spot in the qualifier.
'The message that India has conveyed since the start of this conflict is clear and consistent. It is important to prevent escalation to ensure continued delivery of humanitarian aid and to work towards an early restoration of peace and stability. A peaceful resolution of the conflict through dialogue and diplomacy is the only way forward'
Simon Katich has been named the head coach of their Cape Town franchise in the new T20 league in South Africa.
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.
NASA's SpaceX Crew-6 mission departed for the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, USA, on March 2, 2023.
Sri Lanka were made to work hard for an 82-run win over Scotland to top Group B
The International Defence Exhibition and Conference and the Naval Defence and Maritime Security Exhibition opened in Abu Dhabi this week.
The year-wise number of Indians who renounced their citizenship was provided by External Affairs Minister S Jaishankar in response to a question in Rajya Sabha.
Batter George Munsey believes Scotland's recent exploits mean they will be seen as a force to be reckoned with at the ICC Men's World Cup Qualifier.
Pakistan's former military ruler General Pervez Musharraf's body will be laid to rest in Karachi, and will be brought back to the country on a special flight that will leave for Dubai on Monday, media reports said.
After news about the demise of Pakistan's former president General Pervez Musharraf was confirmed, the country's Foreign Minister Bilawal Bhutto Zardari on Sunday changed his Twitter profile picture to a photograph of his mother Benazir Bhutto and the late Nawab Akbar Bugti, in whose murder the former military ruler was named.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances