LIVE: Putin says Russia will enforce rouble payments for gas from Friday

Russian President said on Thursday that he had signed a decree saying foreign buyers must pay in roubles for Russian gas from April 1

1:23 PM

SC cancels Mop-Up Counselling for All India Quota NEET-PG

The Supreme Court on Thursday cancelled All India Quota NEET Mop-Up Counselling for Post Graduates for 2021-22 session, to resolve anomalies over 146 seats, reports news agency. The SC directed to hold a special round of counselling for the 146 seats.

 

1:19 PM

Auto component industry may clock 8-10% growth in FY23

The Indian auto component industry is expected to clock 8-10 per cent growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, said rating agency Icra. Read more

1:04 PM

Puducherry becomes Covid-free with zero active cases of coronavirus

Puducherry became Covid-free on Thursday as the union territory has zero active cases of coronavirus. 

The Department of Health tested 212 samples in the last 24 hours and did not detect any fresh cases. The overall caseload remains at 1,65,774 and with the recovery of one patient, the overall recoveries at 1,63,812.

12:44 PM

Russia continues to shell Chernihiv despite its pledge to scale down attack: UK

Russian shelling and missile strikes have continued in Ukraine's Chernihiv despite Moscow's pledge to scale down attack around the area, British military intelligence said.
Russian forces continue to hold positions to the east and west of Kyiv despite the withdrawal of a limited number of units, the UK's defence ministry said.

12:25 PM

AAP moves Delhi HC over ruckus outside Kejriwal's house, seeks SIT probe

AAP MLA Saurabh Bhardwaj moved the Delhi High Court seeking a special probe into the case of vandalism outside Chief Minister Arvind Kejriwal's residence.

On Wednesday, nearly 70 were detained for ruckus outside Kejriwal's residence during a protest, spearheaded by the Bharatiya Janata Party Yuva Morcha, over his recent remarks in the Delhi Assembly on 'The Kashmir Files' movie. Read more

12:02 PM

China's manufacturing activity falls to 5-month low in March

China's manufacturing activity fell to a five-month low in March at 49.5 from February's 50.2 on a 100-point scale, a survey said. This came amid surge in Covid cases across the nation, due to which most of Shanghai and two other industrial centres were shut down. Read more

11:43 AM

India's stand on Russian sanctions 'deeply disappointing', says US

The US and Australia criticised India for considering a Russian proposal that would undermine sanctions imposed by America and its allies, reports Bloomberg. 

US Commerce Secretary Gina Raimondo said reports of the arrangement were “deeply disappointing," as she added, “Now is the time to stand on the right side of history, and to stand with the United States and dozens of other countries, standing up for freedom, democracy and sovereignty with the Ukrainian people." Read more

11:15 AM

Russia's economy to shrink by 10%, Ukraine's by 20%: EBRD

Russia's and Ukraine's economies will shrink by 10 per cent and 20 per cent respectively, said the European development bank, EBRD on Thursday, reports news agency AFP. The economic crisis will be a result of the war between the two nations causing "the greatest supply shock" for 50 years. 

Before the Russia-Ukraine war, the EBRD had said Ukraine's economy would grow by 3.5 per cent while Russia 3 per cent.

10:55 AM

India to allow Moscow to invest, borrow in domestic market: Report

As Russia is facing sanctions due to its military operations in Ukraine, reports say that India will allow Moscow to invest and borrow in the domestic market. 

Amid the sanctions, India allowed Russia to invest in Indian corporate debt funds that could help Moscow, reports ANI. Read more

10:38 AM

Russia offers oil to India at steep discount to pre-war price

Russia is offering India steep discounts of $35 a barrel on the direct sale of oil as mounting international pressure lowers the appetite for its barrels elsewhere, reports Bloomberg quoting sources.

The sanctions-hit nation is offering its flagship Urals grade to India at discounts of as much as $35 a barrel on prices before the war to lure India to lift more shipments, the people said. Read more

10:24 AM

Delhivery aims to launch its IPO in June quarter

Logistics company Delhivery, which filed its draft red herring prospectus with Sebi in November last year, aims to launch its initial public offering (IPO) in the June 2022 quarter, said investment bankers who know about the plans. Read more

10:08 AM

India records 1,225 new cases of Covid-19; active infections dip to 14,307

India records 1,225 cases of Covid-19 in 24 hours, tally rises to 43,024,440. On Wednesday, 28 people died in India due to Covid-related complications, the death toll now stands at 521,129. The active cases in country has now reduced to 14,307. 

9:50 AM

Two top IndiGo's executives quit in 2 days as Rahul Bhatia is named MD

IndiGo’s Chief Commercial Officer Willy Boulter announced that said he will resign after July, a day after Chief Financial Officer Jiten Chopra quit the company, reports Bloomberg. Read more

9:28 AM

Global Covid cases tally rises to 486.8 million, deaths at 6.13 mn

The global coronavirus caseload has topped 486.8 million, while the deaths have surged to more than 6.13 million and vaccinations to over 10.94 billion, according to Johns Hopkins University. Read more

8:53 AM

US weighing largest ever draw from emergency oil reserve: Report

The US administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), reports Reuters quoting sources. The US's decision comes as the White House is trying to lower fuel prices. 

This would be the third time the US will be tapping its strategic oil reserve in past six months, and it would also be the largest release in the near 50-year history of SPR.