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Ambassador May-Elin Stener | Photo Credit: RAGU R Two days after U.S.’ second waiver on Russian oil purchases expired, the government emphasised that India’s oil-marketing companies (OMCs) would continue purchasing crude from Moscow should they be commercially viable.Speaking to reporters at the bi-weekly briefing on the situation in West Asia, Sujata Sharma, Joint-Secretary at the Union Petroleum Ministry told reporters, “We have been purchasing [crude oil] from Russia earlier – before the waiver, during the waiver and now also – it is basically [that] commercial sense which should be there for OMCs to purchase.”In the wake of the escalating tensions…

Bangladesh’s Mahmudul Hasan Joy watches the ball after playing a shot during the second day of the second Test cricket match between Bangladesh and Pakistan at the Sylhet International Cricket Stadium in Sylhet on May 17, 2026. | Photo Credit: AFP Opener Mahmudul Hasan Joy struck a fluent half-century after the bowlers dominated to put Bangladesh firmly in command of the second Test against Pakistan on Sunday (May 17, 2026).Bangladesh, who lead the two-match series 1-0, closed day two on 110-3 in their second innings, leading by 156 runs in Sylhet.Joy, who fell for a duck in the first innings,…

While there have been some screamers in the ongoing IPL season, the catching standard has been terrible to say the least; the repeat offenders are being heavily punished and so are their teams Source link

The CIC said BCCI is a private autonomous body registered under the Tamil Nadu Societies Registration Act and was not established by the Constitution, Parliament, State legislature or through a government notification. File. | Photo Credit: PTI The Central Information Commission on Monday (May 18, 2026) said the Board of Control for Cricket (BCCI) in India is not a “public authority” under the RTI Act as it is neither owned, controlled nor substantially financed by the government.The Commission dismissed an appeal seeking information regarding the provisions and authority under which BCCI represents India and selects players for national and international…

Illustration of a market crash. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Some predicted the outcome of the State election in Tamil Nadu. Likewise, there are some whose predictions of market crashes turn right. The query is: Are some always good predictors of future events? Here, we discuss what you must be mindful of before you decide that an individual or a firm is a good predictor or a good forecaster.Consistency factorStatistically, when many professionals and firms engage in forecasting, some of them are bound to be right. After all, there are only three ways a…

China has agreed to ramp up trade for U.S. agricultural products such as beef and poultry, buying at an annualised rate of $17 billion per year for 2026 and at that level for 2027 and 2028, the White House announced on Sunday (May 17, 2026).The announcement came two days after President Donald Trump returned from a high-stakes summit in Beijing where he sought to ease the impact on American farmers from the trade war he launched last year.China would restore market access for U.S. beef and resume imports of poultry from U.S. states determined by the U.S. Department of Agriculture…

IRDAI’s regulatory framework to protect policyholders has many measures and they get updated as well Source link

India accounts for 3- to 4% of global market capitalisation. A portfolio invested entirely in domestic assets is therefore structurally under-diversified, ignoring the other 96-97%. Global investing is about diversification across geographies, currencies, and economic cycles. Exposure to dollar-denominated assets also provides the benefit of long-term rupee depreciation when you redeem and bring the money back home. When currency depreciates and you redeem (sell) investments abroad, it gets converted back to INR at a higher rate.Over the past few years, multiple avenues have opened up for resident Indians to invest overseas. However, each avenue comes with its own regulatory framework,…

Rajasthan Royals’ Vaibhav Sooryavanshi during an Indian Premier League (IPL) 2026 T20 cricket match between Delhi Capitals and Rajasthan Royals, in New Delhi on May 17, 2026. | Photo Credit: PTI Vaibhav Sooryavanshi’s blistering 21-ball 46 laid the foundation for what looked like a towering Rajasthan Royals total, before Mitchell Starc’s fiery spell at the death dragged Delhi Capitals back into the contest.Sooryavanshi fell to a slower delivery from Madhav Tiwari, not the first time a change of pace proved effective in dismissing the 15-year-old this season. But RR batting coach Vikram Rathour dismissed suggestions that pace variation is a…

Delhi Capitals’ Mitchell Starc during an Indian Premier League (IPL) 2026 T20 cricket match between Delhi Capitals and Rajasthan Royals, in New Delhi, on May 17, 2026. | Photo Credit: PTI For a long period of the night, Rajasthan Royals seemed destined to bury Delhi Capitals under a massive first-innings score, until Mitchell Starc arrived to change the script entirely. With RR cruising at 160 for 2, powered by aggressive knocks from Vaibhav Sooryavanshi, Dhruv Jurel, and Riyan Parag, Starc produced a devastating burst in the death overs that derailed the innings completely.The Australian pacer reduced the Royals to 166…