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₹15,920 crore, up by 24% versus the previous year. To be sure, countries such as the US, Russia, and France would capitalize on this sort of an opportunity the most and are likely to increase their share of defence exports compared to India, said Amit Anwani, an analyst at Prabhudas Lilladher. This is because India still accounts for a negligible portion of the world’s defence exports.

Also Read: Oil snaps Israel-Hamas conflict-induced rally, slides over $1 on demand concerns; Brent eases to $86/bbl Novak said he and Prince Abdulaziz discussed the oil market and cooperation within the Organisation of Petroleum Exporting Countries and its allies (OPEC+). "Of course, (cooperation within OPEC+) was (considered) at our internal meeting, one of the most important topics that we discussed today," Novak said, according to Interfax news agency.

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By Robert Harvey

By Sabrina Valle and Anirban Sen

Volodymyr Zelenskiy on Wednesday asked NATO allies for more weapons and air defences to tide his country through another wartime winter as it braces for a barrage of Russian attacks on power stations and other infrastructure. Zelenskiy made his first visit to NATO headquarters since Russia's invasion last year, at a time when turbulence in the U.S.

Russian oil at the widest premium above a G-7 imposed cap since the curb was introduced, highlighting the market’s importance to Moscow and a gap that may intensify scrutiny of the controversial mechanism. Crude processors in the key importer paid an average of $86 a barrel for Russian shipments in August, according to the Ministry of Commerce and Industry. That’s the biggest spread in dollar terms since the $60-a-barrel limit came into force after Moscow’s invasion of Ukraine in the first quarter of 2022. Oil rallied in the third quarter as OPEC+ leaders Russia and Saudi Arabia choked off some supply to tighten the market.

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More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year.

geopolitical tensions have dominated headlines. Be it the Russia-Ukraine waror various revolts outside the US, it seems like the world is becoming more chaotic and unstable. When nations lose trust in each other, it creates an environment where they are likely to engage in conflict to accomplish their goals.

Vladimir Putin will visit Kyrgyzstan on Thursday, the presidential office of the Central Asian country said, in what would be the Russian leader's first known trip abroad since the International Criminal Court issued a warrant for his arrest. Putin has rarely travelled abroad since the start of Moscow's invasion of Ukraine in early 2022 and is not known to have left Russia since the ICC issued in March a warrant for him on suspicion of illegally deporting hundreds of children from Ukraine. The Kremlin denies those allegations. «At the invitation of the President of the Kyrgyz Republic, Sadyr Japarov, on October 12 of this year, the President of the Russian Federation, Vladimir Putin, will make an official visit to the country,» the Kyrgyz presidential administration said in a statement on its website. Putin agreed in May during talks with Japarov to visit Kyrgyzstan, but there has been no official confirmation yet from the Kremlin that the Russian president will travel there on Thursday. The Russian leader is also due to travel to China next week for the third Belt and Road Forum in Beijing.

CLSA has upgraded India to increase India portfolio allocation to 20% above the MSCI benchmark.

“Following the terrible attacks in Israel, our immediate focus has been on ensuring our employees’ safety. We’ve now made contact with all of our local employees, and we’ll continue supporting them. “We’re also working to provide reliable, accurate information to people who use our products. Our systems across Google and YouTube prioritize authoritative information in moments of crisis and breaking news. Our teams are working around the clock to ensure this, as well as to detect and remove graphically violent, hateful or terrorist content, or coordinated disinformation campaigns. Our cybersecurity experts are also sharing their findings in real time with the broader security community. For example, our security unit, Mandiant, has observed fake accounts connected to Iran which are promoting anti-Israeli narratives across various services, as well as investigating reports of distributed denial-of-service (DDoS) attacks by suspected pro-Hamas and pro-Russia hacktivist groups targeting Israeli government websites. Our thoughts are with the victims and their loved ones, and all those affected." Earlier, TCS also said that it is closely monitoring the safety of its employees in Israel amid the ongoing war between Israel and Hamas.

Key Takeaways

Key Takeaways

Reuters reported. Peskov also cautioned that the conflict had the potential to spread to neighbouring regions. Also Read:Israel-Hamas War LIVE Updates: Palestinians struggle for safety as Israel pounds sealed-off Gaza Strip During talks with Iraqi Prime Minister Mohammed Shia Al-Sudani, Putin took the chance to link the considerable increase in violence to the United States' long-standing policy in the region.

Breitbart economics and finance editor John Carney breaks down Fed Chair Powell's policies on 'Kudlow.'

India is hosting the 8th BRICS International Competition Conference (ICC) in New Delhi under the aegis of the Competition Commission of India (CCI). BRICS represents 42% of the world's population, 26% of global GDP, and 18% of global exports. It has seen a more than four-fold increase in their annual FDI inflows from $84 billion in 2001 to $355 billion in 2021. Their share in global FDI inflows also doubled from 11% in 2001 to 22% in 2021.

Russia was defeated in its bid to regain a seat in the United Nations premiere human rights body by a significant majority in Tuesday's election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. Russia competed against Albania and Bulgaria for two seats on the Geneva-based Human Rights Council representing the East European regional group. In the secret ballot vote, Bulgaria got 160 votes, Albania got 123 votes and Russia just 83 votes.

Crypto exchange Binance has frozen accounts linked to Hamas militants as per requests from Israeli law enforcement.

World Bank President Ajay Banga said on Tuesday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads. «It's a humanitarian tragedy and it's an economic shock we don't need,» Banga told Reuters on the sidelines of the World Bank-International Monetary Fund annual meetings in Morocco. Central banks were «beginning to feel a little more confident that there was an opportunity for a soft landing, and this just makes it harder», Banga said. Banga said there was less immediate economic impact than at the start of Russia's invasion of Ukraine last year because the Israel-Gaza conflict does not impact exports of oil, grains and fertilizers. But it does transmit through financial markets, with dollar assets suddenly rising, he said. Inflation has come down in recent months, prices and wages were stabilizing and markets had become used to the idea that rates would stay higher for longer, Banga said, adding that another prolonged conflict could upset those dynamics. «It's the side effects of all that.