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smart cars with Chinese and Russian technology from American roads and takes steps to allow President-elect Donald Trump to extend those restrictions to commercial vehicles.

Subscribe to enjoy similar stories. MUMBAI : The recent equities sell-off, led by aggressive offloading by foreign portfolio investors (FPI), has eroded investor wealth worth nearly ₹60 trillion in the past three and a half months. Market veterans expect the pain to last so long as the FPI selling continues amid an uncertain macro environment.

Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market's main focus, ahead of U.S. inflation data this week. Brent futures slipped 53 cents, or 0.7%, to $80.48 a barrel by 0746 GMT, while U.S. West Texas Intermediate (WTI) crude fell 44 cents, or 0.6% to $78.38 a barrel.

Subscribe to enjoy similar stories. BERLIN—During Elon Musk’s freewheeling conversation with the leader of a far-right German party last week, spanning Hitler, multiplanetary civilizations and the existence of god, the billionaire tech entrepreneur insisted that the Alternative for Germany was moderate. “Hopefully, people can tell just from this conversation, like nothing outrageous is being proposed, just common sense," he said, during their live discussion on his X social-media platform.

Subscribe to enjoy similar stories. On November 25th the Elva, a tanker flagged in São Tomé and Príncipe, clandestinely picked up 2m barrels of Iranian crude off Malaysia’s coast. Sailing from there to north-east China, the vessel’s likely destination, usually takes two weeks at most.

Yogesh Patil, V-P, Dolat Capital, says Long-term contracts won't be affected by crude sourcing agreements with Russia, but spot purchases of Russian oil, which account for 40-45% of India's imports, will be impacted. Discounts on Russian crude were about $3 per barrel recently, but Indian refiners will now need to source oil from the Middle East without discounts, affecting their gross refining margins. Currently, petrol, diesel, and LPG prices are somewhat frozen, preventing companies from passing increased crude costs to consumers, leading to challenges for OMCs amid rising prices. On a positive note, ONGC and Oil India are expected to report strong results due to a weakening rupee, rising oil prices, and the removal of the windfall gain tax. However, ONGC's stock fell on Monday, likely due to concerns over its investments in Russian assets. How major could be the impact of the new sanctions by the US on Russian oil on global crude oil prices? Where do you see oil prices headed globally? Yogesh Patil: On Friday evening, the Biden administration imposed sanctions on the Russian export oil supply chain and two major oil companies including Gazprom Neft Gas, which are involved in export of closer to one million barrels per day oil on a daily basis. Secondly, they have sanctioned closer to 180 vessels, which are exporting the oil to different nations and lastly on some insurance companies.

capital on Monday, according to the All India Sarafa Association. The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday. In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams.

U.S. president-elect Donald Trump suggested he would use “economic force” to annex Canada at a press conference this week, marking an escalation in the string of threats and jibes he has made against the country since his election.

Maha Kumbh Mela 2025, the world’s largest spiritual gathering, commenced with the sacred ‘Shahi Snan’ on the auspicious day of Paush Purnima. Devotees from across India and around the globe congregated at the holy Triveni Sangam in Prayagraj, Uttar Pradesh, to perform the ritualistic holy dip. This iconic confluence of the Ganga, Yamuna, and the mythical Saraswati rivers holds immense significance in Hindu tradition, symbolizing spiritual purification and renewal.

VVER-1000 reactor vessel for the sixth power unit of the Kudankulam NPP, which is being built in India according to a Russian design, is being transported to the construction site. The equipment weighing 320 tons was manufactured at the Atommash plant (Rosatom's Machine-Building Division) and shipped to the customer on the eve of 2025.

Subscribe to enjoy similar stories. At the end of the Cold War, global powers reached the consensus that the world would be better off with fewer nuclear weapons. That era is now over.

Brent crude futures climbed $1.35, or 1.69%, to $81.11 a barrel by 2339 GMT after hitting an intraday high of $81.44, the highest since Aug. 27.

Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said. The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine. Many of the tankers have been used to ship oil to India and China as Western sanctions and a price cap imposed by the Group of Seven countries in 2022 shifted trade in Russian oil from Europe to Asia. Some tankers have also shipped oil from Iran, which is also under sanctions.

The impact of the jobs report on U.S. rate cut prospects also raised the stakes for consumer price figures on Wednesday where any rise in the core greater than the forecast 0.2% would threaten to close the door on easing altogether.

Subscribe to enjoy similar stories. ‘It’s a riddle, wrapped in a mystery, inside an enigma.’ That may have been Sir Winston Churchill's oblique description of Stalin's Russia, but he may well have been referring to modern India. Closer home, Nobel Laureate Amartya Sen's view is equally relevant: ‘Whatever you can say about India, the opposite is also true.’ The fact is, India has never been easy to read.

Subscribe to enjoy similar stories. The Indian Air Force (IAF) is not only short of an adequate number of aircraft to protect our skies, but will see its capabilities weaken over time, unless corrective action is taken immediately. In my estimate, a significant proportion of IAF’s fighter aircraft fleet is down due to a shortage of Russian spares, and the rest are sparingly used to ensure that they don’t fly into a spares crunch.

Joe Biden administration in the United States on Friday slapped sanctions on two Indian companies, Skyhart Management Services and Avision Shipping Services, for being allegedly involved in the transportation of Russian liquified natural gas (LNG), violating American curbs. Skyhart Management Services “is an India-based entity that became the operator of US-designated LNG carrier Mulan shortly before it loaded LNG from USdesignated LLC Arctic LNG 2”, the US State Department said. Avision Shipping Services “is an India-based entity that became the operator of US-designated LNG carrier New Energy shortly before it loaded LNG from LLC Arctic LNG 2”, it said.

India had formally expressed displeasure with the Indonesian government on Subianto's decision to travel to Pakistan from New Delhi, where he will be the chief guest for the Republic Day celebrations. Pakistan was not part of his plan until he met Pakistan Prime Minister Shehbaz Sharif. However, Malaysia was part of his original plan. Indonesia has been among Organisation of Islamic Cooperation member countries that have not backed Pakistan's position on Kashmir at the forum.