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New Delhi, April 5 (SocialNews.XYZ) With no end in sight to the ongoing conflict in West Asia, Gulf nations are intensifying efforts to reduce their reliance on the Strait of Hormuz, a vital transit chokepoint through which nearly 20 million barrels of oil pass daily, a report has said. Rising geopolitical risks and recent attacks on shipping have pushed long-discussed alternatives, including pipelines and overland corridors, closer to implementation. According to a report by the Financial Tim ...Read More >
New Delhi: For quite some time now, there have been ongoing discussions within the Indian Premier League regarding an increase in both the number of matches and the participating teams. Currently, only 10 teams compete in this tournament. These teams play a total of 74 matches amongst themselves, including the final. The league was inaugurated in 2008; at that time, a total of 8 teams participated. Subsequently, in 2022, two new teams were added, bringing the total count to 10. However, specula ...Read More >
Indian Premier League (IPL) chair Arun Singh Dhumal feels Mustafizur Rahman's ouster from the 2026 season was 'unfortunate'. Kolkata Knight Riders (KKR) had signed Mustafizur Rahman in the IPL 2026 auction for INR 9.20 crore, but later released him after instructions from the BCCI. The board's secretary, Devajit Saikia, said that the decision was taken due to "recent developments", widely thought to be referring to the uproar in India after the killing of Dipu Chandra Das, a Hindu, following ac ...Read More >
Indian Premier League (IPL) Chairman Arun Dhumal finally addressed the removal of Bangladesh fast bowler Mustafizur Rahman from the Kolkata Knight Riders squad in early January. The move was taken following a directive from the BCCI amid rising tensions between India and Bangladesh, which escalated after the killing of a Hindu man in Bangladesh. Mustafizur was the only Bangladesh player picked at the auction last December. He had been signed by the former champions for ₹9.5 crore, but his rele ...Read More >
IPL 2026: The Indian Premier League (IPL) 2026 season was hit by a major diplomatic storm before a single ball was bowled. Bangladeshi pace sensation Mustafizur Rahman, who was originally picked up by the Kolkata Knight Riders (KKR) for a staggering $1 million. However, in a move that stunned fans, the BCCI instructed the franchise to release the left-arm seamer, effectively barring him from the tournament. While no specific reason was officially provided at the time, the decision was widely li ...Read More >
Indian Premier League (IPL) chairman Arun Singh Dhumal has opened up on the possibility of expanding the tournament, stating that while demand for more matches exists, the biggest challenge remains the packed international cricket calendar. In a conversation with the Financial Times, Dhumal explained that the IPL's growth, from the current 74 matches to a potential 84 or even 94-game season, depends largely on finding additional space in the global schedule.Dhumal highlighted that the current Fu ...Read More >
IPL 2026: The Indian Premier League (IPL) is already the second most valuable sporting property in the world, but the BCCI is not done growing the IPL just yet. IPL Chairman Arun Dhumal has dropped a significant hint regarding the future of the tournament, suggesting that an expansion to 12 teams and a longer season could be on the horizon after the current media rights cycle ends in 2027. While the demand from investors is growing, Dhumal made it clear that any further growth depends on a big ...Read More >
The Vedanta demermger will transform the Mumbai-listed company into a series of pureplay companies spanning aluminium, zinc, oil and gas, steel, and power, Agarwal told the Financial Times, giving them a "free hand to grow". He anticipates a significant rerating of the group's assets. While the conglomerate's current market capitalisation sits at roughly $27 billion, Agarwal suggested that the combined valuation of the independent entities could double. Under the new arrangement, a private pare ...Read More >
NEW DELHI, Mar 30: Amid the escalating West Asia conflict, the Ministry of External Affairs (MEA) on Monday said eight Indian nationals have lost their lives while one remains missing in "various incidents" in the region. Follow the Daily Excelsior channel on WhatsApp At an inter-ministerial briefing here on the West Asia situation, Additional Secretary (Gulf), MEA, Aseem R Mahajan, also said, "Yesterday, an Indian national unfortunately lost his life in an attack in Kuwait." However, he did ...Read More >
New Delhi: Global oil markets were jolted at the beginning of this week as Brent Crude Oil surged past $115 per barrel after fresh missile attacks by Yemen's Houthis widened the West Asian conflict. Brent's jump to $116 per barrel Monday reflects market fears over potential disruptions to critical oil supply routes and export hubs. Apart from the Houthis' entry into the war launched by the US-Israel coalition against Iran, the spike also comes after US President Donald Trump's comments that he ...Read More >
New Delhi: US President Donald Trump has demanded that NATO and EU member states impose tariffs of up to 100 percent on China and India. The goal, he said, is to pressure Russian President Vladimir Putin to end the war in Ukraine. Trump, who pledged to resolve the conflict "on day one" of his presidency, raised the proposal during a meeting with European Union officials last Tuesday. The measure is seen as a way to accelerate negotiations between Moscow and Kyiv. The Financial Times first repo ...Read More >
Udaipur (Rajasthan) [India], September 15: The Indian Institute of Management Udaipur (IIMU) announced that it will conduct its own admission process for its Two-Year MBA program starting with the 2026-28 batch. With this transition, IIM Udaipur will no longer participate in the Common Admission Process (CAP) coordinated by the newer IIMs. Also Read | BMW S 1000 R Price in India, Specifications and Features Revealed, Here's Everything To Know About New BMW Sports Bike. By conducting its own ad ...Read More >
Udaipur (Rajasthan) [India], September 15: The Indian Institute of Management Udaipur (IIMU) announced that it will conduct its own admission process for its Two-Year MBA program starting with the 2026-28 batch. With this transition, IIM Udaipur will no longer participate in the Common Admission Process (CAP) coordinated by the newer IIMs. By conducting its own admissions, IIM Udaipur will be empowered to: * Align admission parameters with IIMU academic priorities and global outlook * Incorpo ...Read More >
Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former Chief Executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke's decision-making. For all the latest headlines, follow our Google News channel online or via the a ...Read More >
Nestle is facing mounting pressure from shareholders as investors call for Chairman Paul Bulcke to step down, following the departure of a second chief executive in just over a year. According to the Financial Times, concerns over corporate governance and decision-making have intensified after the abrupt dismissal of former CEO Laurent Freixe in early September. Freixe, who led Nestle's operations before his dismissal, was removed for failing to disclose a romantic relationship with a subordina ...Read More >
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat on Wednesday said. Addressing a press conference in the national capital, Russian Deputy Chief of Mission Roman Babushkin said the US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral". "..If Indian goods are facing difficulties entering the US market, the Russian market is welcoming Indian exports....," he said. "The sa ...Read More >
New Delhi, Aug 21 (PTI) India is neither the biggest purchaser of Russian oil nor it has the biggest trade surge with Moscow after 2022, External Affairs Minister S Jaishankar said on Thursday, in what appears to be the first clear response by a top government functionary following the US slapping an additional 25 per cent tariff on Indian goods for buying Russian oil. Jaishankar made the remarks in response to a question at a joint media briefing with Russian Foreign Minister Sergey Lavrov. " ...Read More >
BusinessWire India Singapore, July 19: DBS scored a hat-trick of global wins at the Euromoney Awards for Excellence 2025. This included receiving the "World's Best Bank" accolade, marking the third time that the bank has clinched Euromoney's top accolade since 2019. The recognition is a testament to DBS' solid financial performance, unwavering commitment to customer excellence, relentless focus on innovation and strong sense of purpose. DBS was also named the inaugural winner in the "World's Be ...Read More >
EU offers to cut car tariffs rejectedUS may impose reciprocal tariffs above 10%EU plans counter-tariffs on USD 21bn US goods US President Donald Trump has intensified his tariff demands in ongoing trade negotiations with the European Union, pushing for a minimum rate of 15 percent to 20 per cent on EU imports, the Financial Times reported, citing sources familiar with the talks. Despite weeks of discussions toward a framework deal, Trump remains unswayed by recent EU offers, including one to r ...Read More >
Bengaluru (Karnataka) [India], July 18 (ANI): Reacting to Bihar Chief Minister Nitish Kumar announcement of free electricity up to 125 units, Karnataka Deputy Chief Minister DK Shivakumar said that whatever schemes the Congress party is giving in Karnataka, the entire country is following it. Speaking to the media, Shivakumar emphasised that in the entire country, Congress Party has stood for the welfare of the people. After independence, till today, whenever the Congress Party is in power, ei ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. President Donald Trump is reportedly poised to open the $9 trillion retirement market to a range of alternative investments, including crypto, gold, and private equity. According to the Financial Times, this initiative is expected to be formalized through an executive order as early as this week. It seeks to diversify the investment options available within 401(k) plans, which ha ...Read More >
New Delhi: Global trading firm Jane Street has deposited Rs48.4 billion ($564 million) into an escrow account, a move that could pave the way for the lifting of a trading ban imposed by india's market regulator, the Securities and Exchange Board of India (SEBI).The deposit, marked with a lien in favour of SEBI, is a crucial step in the ongoing dispute between the firm and the regulator. SEBI had earlier this month slapped a trading ban on the new York-based firm, citing what it described ...Read More >
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to r ...Read More >
MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. Over five years, Reliance will establish FaceGym's presence in India through a combination of standalone studios and curated spaces within s ...Read More >
New Delhi, July 1 (SocialNews.XYZ) India is on course to finalise an interim trade agreement with the US as early as this week to escape the tariff hike on its exports proposed by President Donald Trump, according to a report in the Financial Times. India's negotiating team, led by Special Secretary Rajesh Agarwal, is engaged in high-level talks in Washington to conclude the bilateral trade agreement. External Affairs Minister S Jaishankar is expected to hold one-on-one talks with his US count ...Read More >
WASHINGTON, June 26 (Reuters) - U.S. Secretary of State Marco Rubio will host foreign ministers from Australia, India and Japan on July 1 to bolster efforts to ensure a free and open Indo-Pacific region, the State Department said on Thursday. Rubio hosted a meeting of the China-focused Quad grouping in his first diplomatic engagement as secretary of state on January 21, the day after President Donald Trump began his second term. "This summit builds on that momentum to advance a free, open and ...Read More >
June 6 (Reuters) - St. Louis Federal Reserve President Alberto Musalem has put the likelihood of Donald Trump's trade war causing a prolonged surge in inflation at "50-50," warning that U.S. policymakers would face uncertainty "right through the summer," the Financial Times reported on Friday. Musalem told the newspaper that while U.S. President Trump's tariffs could boost inflation for "a quarter or two," there was "an equally likely scenario where the impact of tariffs on prices could last lo ...Read More >
Beijing [China], November 29 (ANI): China's defence ministry announced that a high-ranking military official has been suspended and is under investigation for corruption, as President Xi Jinping expands his extensive crackdown on senior members of the country's military, CNN reported. Admiral Miao Hua, a member of the influential Central Military Commission (CMC), China's highest military authority chaired by Xi, is being investigated for "serious violations of discipline"--a term often used to ...Read More >
China's military faces another crackdown as Admiral Miao Hua is investigated for corruption, expanding President Xi Jinping's anti-corruption campaign targeting the military elite. The move comes amidst efforts to strengthen the People's Liberation Army amid regional territorial tensions. China's defense ministry has announced that Admiral Miao Hua, a senior military official and member of the Central Military Commission (CMC), is under investigation for corruption. This move marks the latest ...Read More >
Citing current and former US officials familiar with the situation, British newspaper the Financial Times said the investigation into Dong was part of that broader probe into military corruption. If confirmed, Dong would be the third Chinese defence minister in a row to fall under investigation for corruption. Asked about the report at a regular briefing on Wednesday, Chinese foreign ministry spokeswoman Mao Ning said it was just "chasing shadows" and did not offer further information. A form ...Read More >
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