From the Sensex firms, Infosys climbed 3.86 per cent. HCL Tech, Tata Consultancy Services, Axis Bank, Kotak Mahindra Bank, Titan and Tech Mahindra were also among the gainers. However, Eternal, UltraTech Cement, Bharti Airtel and Adani Ports were among the laggards.
Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions. Reliance is India's largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining complex at Jamnagar.
The US Department of the Treasury on Wednesday imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine.
The White House has claimed that India has begun 'scaling back' its oil purchases from Russia at the 'request' of President Donald Trump.
Russian President Vladimir Putin on Thursday described the latest United States sanctions as an 'unfriendly move' that would not help relations between Moscow and Washington, DC.
Reliance Industries Ltd, India's largest buyer of Russian oil and most impacted by the latest US sanctions, on Friday said it will comply with all applicable restrictions and will adjust its refinery operations to meet compliance requirements.
Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.
India does not do trade agreements in a hurry or with a "gun to our head", Commerce and Industry Minister Piyush Goyal said on Friday. He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US.
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
Radio Free Europe reported that the Asian Infrastructure Investment Bank, a Chinese-led development bank, suspended all business with Russia and Belarus on March 3.
Russia moves forward with the plan as part of the plan to deploy tactical nuclear bombs in the country bordering Ukraine.
The rising dependence on discounted crude oil has resulted in India's trade deficit with Russia hitting the second-highest place last year, after China, reveals Department of Commerce data. From April through January 2022-23 (FY23), India's maximum trade deficit was with China, at $71.58 billion. This was followed by Russia, where the deficit expanded sevenfold - from $4.86 billion in April-January of 2021-22 (FY22) to $34.79 billion during the same period in FY23.
Other CSKA players and staff members have given negative results in testing for the coronavirus.
The United States has not made a determination yet on any potential Countering America's Adversaries Through Sanctions Act (CAATSA) waiver to India with regard to its purchase of S-400 missile defence system from Russia, the Biden Administration said Tuesday.
The Modi government has been put on notice.'Will it buckle under such pressure? These are times when the moral fibre of the leadership makes all the difference, observes Ambassador M K Bhadrakumar.
Two powerful US Senators have urged President Joe Biden not to impose provisions of the punitive Countering America's Adversaries Through Sanctions Act against India for buying the S-400 surface-to-air missile system from Russia.
Lewis Hamilton believes Charles Leclerc has usurped four times world champion team mate Sebastian Vettel as Ferrari's favourite.
Lewis Hamilton took pole position at the Spanish Grand Prix for the second year in a row on Saturday with Ferrari's championship leader Sebastian Vettel alongside the Mercedes driver on the front row.
Deschamps has proven both innovative and brave as coach, and is now one victory away from joining an elite club.
The finding is part of a research report by Deutsche Bank
Russia's two-time Olympic pole vault champion Yelena Isinbayeva on Saturday announced that she is taking an indefinite break from the sport, following her poor performance in last month's World Indoor Championships in Qatar.
Doctors at the government hospital in Ahmedabad informed that Modi had been administered a dose of Tamiflu.
A feasibility study on the proposed Free Trade Agreement, officially known as the Comprehensive Economic Cooperation Agreement, has long been finalised but cannot be acted upon in the absence of Russia joining the WTO.
The Spaniard told reporters at the US Grand Prix, where he was ninth fastest in a wet first practice on Friday, that McLaren needed to find another two and a half seconds of pace to match Mercedes.
The Mercedes driver's 55th career win was hard-fought and tense, however, with Ferrari's Vettel seizing the lead at the start and in the hunt all the way to the finish as the tyre strategies played out.
The struggling Caterham and Marussia Formula One teams will both miss next week's U.S. Grand Prix in Austin, Texas, the sport's commercial supremo Bernie Ecclestone told Reuters on Saturday.
Lewis Hamilton will have to get past Mercedes team mate Nico Rosberg if he is to secure his third Formula One world championship at the US Grand Prix on Sunday.
Lionel Messi does not need a Copa America win to feel like the king of the world. He captured that crown a long ago, says Dhruv Munjal.
Humanitarian intervention has little meaning unless the international community is willing to engage in the aftermath, says Shyam Saran.
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