New Delhi/Bengaluru, May 19 (IANS) A special court of the National Investigation Agency in Bengaluru has convicted and sentenced a key accused in a terror radicalisation and recruitment case linked to the banned Taliban and Tehrik-e-Taliban Pakistan terrorist organisations to seven years of rigorous imprisonment, an official statement by the National Investigation Agency said on Tuesday. The court also imposed a fine of Rs 63,000 on the accused.The accused has been identified as Thane resident i…
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New Delhi, May 19 (IANS) Prime Minister Narendra Modi’s visit to the United Arab Emirates has assumed major strategic significance as India and the Gulf nation signed key energy agreements at a time of rising geopolitical tensions and volatile oil markets triggered by the US-Israel conflict with Iran.The UAE visit marked the first leg of PM Modi’s five-nation tour, which will also take him to the Netherlands, Sweden, Norway and Italy.Analysts said the timing of the visit reflected India’s …
New Delhi, May 19 (IANS) India’s increase of Rs 3.91 per litre in the prices of petrol and diesel announced this week, works out to 4.4 per cent, which is the smallest hike of any major economy outside the directly subsidising Gulf producers such as Saudi Arabia, according to figures compiled by GlobalPetrolPrices.com.An Indian Oil official pointed out that the Rs 3.91 increase, which restores only part of the rise in crude prices, has been undertaken after 76 days of complete absorption of co…
New Delhi, May 19 (IANS) India is steadily improving in terms of industrial depth to become a global superpower, a report has said.”The challenge before India is to become a more technologically capable, industrially mature and structurally resilient one. It will have to enhance its ability to manufacture precision and high-end industrial machinery that can produce other machines, the report from India Narrative said.It further highlighted that it has a long way to go in developing dense, vertic…
Washington, May 19 (IANS) US President Donald Trump said that he postponed a planned military strike on Iran after urgent appeals from Gulf leaders seeking more time for diplomacy, signalling a possible opening in high-stakes negotiations over Tehran’s nuclear ambitions.At a White House healthcare event, Trump said the United States had been prepared to launch a “very major attack” on Iran as early as Tuesday, but he agreed to delay military action following requests from leaders in Saudi …
Madrid, May 18 (IANS) Spain coach Luis de la Fuente has suffered a major setback ahead of naming his World Cup squad after FC Barcelona midfielder Fermin Lopez was ruled out of the tournament with a broken foot.Lopez fractured the fifth metatarsal bone in his right foot during the 3-1 win against Real Betis on Sunday. The Spanish champions announced that Lopez will have surgery, but did not give a timeframe for his return.”Fermin Lopez suffered a fracture to the fifth metatarsal bone in his righ…
New Delhi, May 18 (IANS) India’s current account deficit (CAD) is likely to be about 2.1 per cent of GDP for FY27, assuming an oil average of $85 per barrel, a report said on Monday.The report from HDFC Bank said elevated crude and a closed Strait of Hormuz pose upside risks to forecast, adding that the recent gold import compression measures could provide some offset.The bank said that raising import duty to curb gold imports could trim the deficit, estimating a 20 per cent decline in gold vo…
New Delhi, May 18 (IANS) Bitcoin slid to its weakest level in May on Monday over escalating macroeconomic concerns tied to the US‑Iran conflict, causing overall crypto market weakness.The world’s largest cryptocurrency dropped to $76,711 before it recovered some losses to trade at $76,985.11 as of 2.25 pm. Major digital assets such as Ether and Solana also traded lower.Nearly $500 million of long positions were liquidated within about 15 minutes during early Asian trading hours, according to…
New Delhi, May 18 (IANS) Global crude oil prices extended gains on Monday as escalating tensions between the US and Iran fuelled concerns over supply disruptions after a nuclear facility in the United Arab Emirates was attacked.International oil benchmark Brent crude rose as much as 2.37 per cent or $2.60 to $111.86 per barrel.Meanwhile, US West Texas Intermediate (WTI) crude advanced 3.11 per cent, or $3.28, to $108.70 per barrel.In the domestic markets, crude oil futures (June 18) on Multi Com…
Riyadh, May 18 (IANS) The Saudi Ministry of Defence announced the interception of three drones after they entered the kingdom’s airspace from Iraq.The ministry’s official spokesperson, Brigadier General Turki Al-Maliki, said on social media platform X that the ministry reserves the right to respond at the appropriate time and place, Xinhua news agency reported.He noted that it will take and implement all necessary operational measures to respond to any attempted attack targeting the kingdom’s so…