War Financial News

India's state-run firms' output from overseas oil and gas fields marginally rose in 2023-24 after declining for four straight years. The output, however, remained a fifth below the peak of 2018-19 as producing fields matured and no new overseas assets were acquired in recent years. The share of India's state companies in oil and gas production from overseas fields increased to 19.9 million metric tonnes of oil equivalent (MMTOE) in 2023-24 from 19.5 MMTOE in the previous year. Production at Russia's Skahalin-1 project normalised during the financial year, after being badly affected in 2022 following the launch of the Russia-Ukraine war. ONGC Videsh, India's largest investor in overseas oil and gas fields, has a stake in Sakhalin-1, where production had nearly halted for some time following the exit of its operator Exxon, industry executives said.

Columbia University who inspired pro-Palestinian demonstrations across the country dug in at their encampment for the 10th day Friday as administrators and police at campuses from California to Massachusetts wrestled with how to address protests that have seen scuffles with police and hundreds of arrests. Officials at Columbia and some other schools have been negotiating with student protesters who have rebuffed police and doubled down. Other schools have quickly turned to law enforcement to douse demonstrations before they can take hold.

One of the demands of antiwar protestors on college campuses is for their schools to divest their endowments from companies that are profiting from Israel’s war against Hamas in Gaza

India Today reported. Achinthya Sivalingam, who hails from Tamil Nadu's Coimbatore and was brought up in Columbus, Ohio, has been banned from the University, for participating in the agitation within the campus premises, pending a disciplinary process. She was arrested along with fellow student, Hassan Sayed.

illicit trade and unmanned aerial vehicle (UAV) transfer on behalf of the Iranian military, the US Department of Treasury said in an official statement. These companies, individuals and vessels have played a key role in financing and facilitating the clandestine sale of Iranian unmanned aerial vehicles (UAVs) to Russia’s war in Ukraine, it said. According to the US Department of Treasury, Sahara Thunder is the main front company that oversees Iran's commercial activities in support of these efforts.

intelligence is a great privilege and wonderful blessing. But, points out HH The Dalai Lama, if you choose to use that intelligence to further your fears, hatred and anger, then the very intelligence that is a unique attribute can turn into an instrument of destruction. We cannot blame intelligence for our wrongdoings. This is so similar to technology that works like magic. Technology itself is neutral; how you use it, for what purpose and for what end, makes it good or bad, positive or negative. We cannot blame technology for nuclear war threats, for designer babies, for plastic that is now threatening our lives, for global warming and so on. It all boils down to intention. Why do we do what we do, for what end? Can the means justify the end or vice versa? Who decides what is good and what is bad? A simple test is that anything that encroaches on another's rights, anything that adversely impacts health, anything that ruins the environment, cannot be good. Whatever adds value to life, what makes people happy and spreads loving kindness cannot be bad.

French President Emmanuel Macron is warning that Europe could “die” if it fails to build its own robust defense as Russia’s war in Ukraine rages on

A ship traveling in the Gulf of Aden has come under attack, the latest assault likely carried out by Yemen’s Houthi rebels over Israel’s ongoing war on Hamas in the Gaza Strip

A top European Union top military officer says a frigate that’s part of an EU mission in the Red Sea to protect merchant shipping has destroyed a drone launched from an area in Yemen controlled by Houthi rebels

India's engineering goods including steel and machinery exports rose 10.7% year-on-year in March to $11.28 billion, growing in double digits for the second straight month, despite ongoing supply issues caused by disruption to shipping through the Red Sea, a trade body said. Engineering goods, which account for one-fourth of merchandise exports, rose 2.13% in the 2023/24 financial year, to $109.3 billion from a year earlier, Engineering Export Promotion Council (EEPC), a body affiliated with the Commerce Ministry, said in a statement on Thursday. Exports have been dented by a slowdown in global demand, the ongoing Russia-Ukraine war and the Red Sea shipping crisis brought on by conflict in the Middle East, exporters said.

Apple of using «illegally exploited» minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday. The DRC's lawyers have sent Apple a formal cease and desist notice seen by AFP, effectively warning the tech giant it could face legal action if the alleged practice continues.

A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion.

The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv

A select few BJP office-bearers are active in the old party office on Ashoka Road which is functioning as a war room. A team of BJP functionaries have shifted base to the old office. Key campaign strategies — based on feedback from social media, newspaper reports and programmes on news channels — are collated and discussed before being moved to the higher ups. Those preparing ads and dealing with campaign material and logistics also meet the concerned teams here. The campus is out of bounds for the neutral media. Bengali actor’s person

A ship near the strategic Bab el-Mandeb Strait has seen an explosion in the distance, marking what may be a new attack by Yemen’s Houthi rebels through the crucial waterway for international trade

Yoav Gallant said Wednesday without specifying whether ground troops had crossed the border. «Many forces are deployed on the border and IDF (army) forces are carrying out offensive action currently throughout southern Lebanon,» Gallant said in a statement, also claiming that «half of Hezbollah's commanders in southern Lebanon have been eliminated» in months of violence. «The other half are in hiding and abandoning the field to IDF operations,» he added without giving a specific number.

Ajit Doval had a bilateral meeting with His Excellency Mr. Nikolai Patrushev, Secretary of the Security Council of the Russian Federation," the embassy said in a post on X. "Both sides reviewed progress in bilateral cooperation and discussed important issues of mutual interest," it added.

At the climax of the divisive movie “Civil War," American soldiers snake through the White House to hunt down the president. This and other harrowing battle scenes were coordinated by a former Navy SEAL, Ray Mendoza. Despite serving in the military for 16 years and earning a Silver Star in combat, he had no qualms about bringing the incendiary imagery of “Civil War" to life.

With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter. Some say the fight is just getting started. EV makers in the world’s biggest market for electric and hybrid vehicles have been cutting prices en masse since last year, when slowing sales and rising competition from upstarts forced a rethink of the playing field.

Bharti Airtel retains the numero uno spot among the trio, which also comprises the largest play in Reliance Jio Infocomm. Nuvama Institutional Equities which finds the sector at an inflection point opines that it will likely benefit from a chain of events including fund infusion in debt-ridden Vi, the likelihood of tariff hikes by operators, and government support.

A judge says a legal challenge over the British government’s role in allowing weapons to be sent to Israel can be heard at the High Court later this year