The Indian rupee hit a lifetime low in opening deals on Monday as a sharp surge in global crude oil prices threatened to push up imported inflation and widen the country’s trade and current account deficits. The partially convertible rupee was trading at 76.92/93 per dollar, after touching 76.96, its weakest level ever. It had closed at 76.16 on Friday. The benchmark 10-year bond yield was trading at 6.86%, up 5 basis points on the day. Oil prices soared more than 6%, touching their highest since 2008 on Monday after the United States and European allies mull a Russian oil import ban while delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Indian shares tumbled over 2% on Monday, with investors dumping risky assets as oil prices soared after the United States and European allies were said to be mulling a Russian oil import ban.
Prime Minister Narendra Modi on Monday sought Ukrainian President Volodymyr Zelenskyy’s support for evacuating hundreds of Indian nationals stranded in the eastern Ukrainian city of Sumy amid intense fighting in the region. The main focus of India’s evacuation efforts in Ukraine over the past few days has been the safe and secure exit of some 700 Indians, mostly students, from Sumy. Close to 16,000 Indian nationals have been evacuated from across Ukraine, including other areas in the eastern part of the country facing heavy Russian shelling and violence. During a 35-minute phone conversation, Modi sought continued support from the Ukrainian government in ongoing efforts for evacuating Indian nationals from Sumy, people familiar with the matter said.
The Russian military declared a ceasefire in the capital city of Kyiv in Ukraine and three other major cities on Monday to open humanitarian corridors, news agency Reuters reported citing local media. The decision followed a request personally made by French President Emmanuel Macron, the report said. The corridors to allow safe passage to civilians trying to flee the war will open at 1000 Moscow time (0700 GMT). It will continue for 11 hours, according to the report. Besides Kyiv, forces will hold fire in Kharkiv, Mariupol and Sumy. A day earlier, a similar ceasefire was announced in Mariupol. But after a brief pause in firing, Ukrainian officials said Russian forces resumed artillery fire and airstrikes which prevented residents from leaving. Putin has blamed Ukraine for sabotaging the effort.
Police in Thailand said Monday that an autopsy conducted on the body of Australian cricket star Shane Warne has concluded that he died of natural causes. A statement issued by deputy national police spokesperson Kissana Pathanacharoen said the opinion issued by the doctor who carried out the autopsy has been conveyed to Warne’s family and the Australian Embassy. It said the family did not have any doubt that the 52-year-old cricketer, widely considered one of the sport’s greatest spin bowlers, died of natural causes. The statement, issued ahead of a planned police news conference, did not specify the cause of death. Preliminary evaluations from Thai authorities suggested Warne died from a heart attack. Warne was found unresponsive in his hotel room on the Thai resort island of Samui on Friday and could not be revived at a nearby hospital. His body was transferred Sunday to the Thai mainland for an official autopsy at a state hospital.
The Ukraine government has a contingency plan in place if President Volodymyr Zelensky is killed during the Russian invasion, US Secretary of State Antony Blinken said during an interview with CBS News’ Face the Nation on Sunday. ‘The Ukrainians have plans in place — that I’m not going to talk about or get into any details on — to make sure that there is what we would call “continuity of government” one way or another. And let me leave it at that,’ Blinken said when he was asked if the United States was working on an interim plan to support a Ukrainian government without Zelensky. This comes amid reports that Zelensky has survived three assassination attempts since the beginning of Russia’s invasion of Ukraine. Zelensky too talked about the threat to his life. In fact, he opened the recent Zoom meeting with US senators saying that this is probably the last time they were seeing him live.
That’s all from us for now. We will be back with the morning news bulletin.
AAP leader Bhagwant Mann took oath as the CM of Punjab, China’s foreign minister is likely to visit India at the end of this month, White House said India taking up Russia's offer ... Read more
AAP leader Bhagwant Mann took oath as the CM of Punjab, China’s foreign minister is likely to visit India at the end of this month, White House said India taking up Russia's offer would not be a violation of US sanctions, and other top news in this bulletin. Read more
China's new claim on PLA disengagement in eastern Ladakh’s Hot Spring area, India acts to seize gap in the wheat export market, Sonia Gandhi asks Congress heads of five states to r ... Read more
China's new claim on PLA disengagement in eastern Ladakh’s Hot Spring area, India acts to seize gap in the wheat export market, Sonia Gandhi asks Congress heads of five states to resign post-Assembly poll debacle & other top news in this bulletin. Read more
The Karnataka high court ruled that hijab is not an essential part of Islam, Samajwadi Party - along with its allies - got 51 percent of the votes in the postal ballot, Rohit Sharm ... Read more
The Karnataka high court ruled that hijab is not an essential part of Islam, Samajwadi Party - along with its allies - got 51 percent of the votes in the postal ballot, Rohit Sharma shed light on his all-round abilities and his impressive DRS calls and other top news in this bulletin. Read more
Karnataka high court is set to deliver its verdict on petitions challenging the ban on the hijab, Rajnath Singh will address the parliament on a missile 'accidentally fired' into P ... Read more
Karnataka high court is set to deliver its verdict on petitions challenging the ban on the hijab, Rajnath Singh will address the parliament on a missile 'accidentally fired' into Pakistan, the first phase of the revamped Central Vista Avenue will be completed by May, and other top news in this bulletin. Read more
India will start vaccinating children in the 12-14 age group, Russia has asked China for military equipment to push its invasion of Ukraine, Prabhas period romantic drama has colle ... Read more
India will start vaccinating children in the 12-14 age group, Russia has asked China for military equipment to push its invasion of Ukraine, Prabhas period romantic drama has collected ₹151 crores in its opening weekend and other top news in this bulletin. Read more
Uttar Pradesh chief minister Yogi Adityanath meets prime minister Narendra Modi, to discuss the contours of his new government, Russia escalated attacks in western Ukraine with a d ... Read more
Uttar Pradesh chief minister Yogi Adityanath meets prime minister Narendra Modi, to discuss the contours of his new government, Russia escalated attacks in western Ukraine with a deadly airstrike, Sonia Gandhi expressed her willingness to step down from the party's post and other top news in this bulletin. Read more
Middle-class savings to dip as EPFO cuts interest rate to 8.1% for 2021-22, PM Modi says humane image of police force came to fore during Covid pandemic, Reports of multiple fires ... Read more
Middle-class savings to dip as EPFO cuts interest rate to 8.1% for 2021-22, PM Modi says humane image of police force came to fore during Covid pandemic, Reports of multiple fires from the outskirts of Kyiv poured in on Saturday & other top news in this bulletin. Read more
Russian President said there were some positive shifts in talks with Ukraine, India & Canada formally agreed to expedite talks to consider FTA, roughly 600 Indians stuck in Sum ... Read more
Russian President said there were some positive shifts in talks with Ukraine, India & Canada formally agreed to expedite talks to consider FTA, roughly 600 Indians stuck in Sumy, mostly students, arrived in India and other top news in this bulletin. Read more
Akhilesh Yadav tweeted that his party has shown that the BJP's seats can be reduced, UP election result is a lesson for us: Mayawati as BSP wins 1 seat in UP, ex Punjab chief minis ... Read more
Akhilesh Yadav tweeted that his party has shown that the BJP's seats can be reduced, UP election result is a lesson for us: Mayawati as BSP wins 1 seat in UP, ex Punjab chief minister Amarinder Singh lashed out at the Congress and other top news in this bulletin. Read more
"2022 has decided 2024" - Prime Minister Narendra Modi summed up the BJP's election win, AAP’s thumping victory in Punjab assembly elections improved its chances of attaining the s ... Read more
"2022 has decided 2024" - Prime Minister Narendra Modi summed up the BJP's election win, AAP’s thumping victory in Punjab assembly elections improved its chances of attaining the status of a national party, Congress has ended up on the losing side in nine of the 10 assembly elections and other top news in this bulletin. Read more