‘On verge of stopping operations’: In letter to Centre, airlines sound alarm over fuel prices
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Security agencies have thwarted a major plot to arm the capital with advanced weapons, uncovering a cross-border syndicate linked to Pakistan. Eighteen sophisticated firearms were seized from nine suspects allegedly planning to distribute them nationwide. Investigators are also examining the involvement of a figure connected to a previous arms case, highlighting ongoing threats.
Middle East conflicts are driving crude oil prices above $100 per barrel, significantly boosting earnings for Indian upstream oil giants like ONGC and Oil India. While these companies anticipate substantial profit increases due to higher realisations, they face challenges from declining production in aging fields.
India’s trade deficit with China has surged to $112.1 billion, driven by a deep reliance on Chinese industrial supplies. Manufacturing sectors like electronics and pharmaceuticals depend heavily on Chinese components, creating significant supply chain risks. Experts urge India to boost domestic production and diversify sourcing to mitigate these vulnerabilities.
A speeding luxury bus overturned on the Purvanchal Expressway in Sultanpur, injuring over 60 passengers. The bus, reportedly overloaded and driven by a conductor or helper, was traveling from Ludhiana to Azamgarh. Rescue operations were swift, with critically injured passengers transferred to higher medical facilities.
Union Minister Ashwini Vaishnaw unveiled a roadmap for southern India’s transportation, highlighting a proposed bullet train network connecting key cities like Amaravati, Hyderabad, Chennai, Bengaluru, Pune, and Mumbai. This initiative aims to foster economic integration by drastically reducing travel times.
A Ukrainian drone strike ignited a massive fire at Russia’s Tuapse oil refinery on the Black Sea, prompting evacuations. This major Rosneft facility, crucial for fuel exports, had previously halted operations after an earlier drone attack. Authorities are responding to the incident, with the Kremlin confirming measures are being taken.
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