Category: Political

Adani: The sprawling ports-to-power empire has trimmed debt, pared founders’ share pledges and landed major projects over the past year, helping to rebuild confidence among investors and lenders Indian billionaire Gautam Adani’s group is in talks to raise about $500 million via dollar bonds, its first overseas issuance since a report by a US short seller last year prompted concerns about the conglomerate’s ability to refinance borrowings.  Solar energy-producer Adani Green Energy Ltd. is discussing the planned transaction with a group of foreign banks, including a US firm, according to people…

Imports from Russian soared to an all-time high of 2.1 million bpd in June last year, accounting for almost 40 per cent of all oil India imported India’s crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation’s insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in…

United States said, “Our response began today.”, in a statement. The United States airstrikes against Iranian forces and militias in Syria and Iraq in response to a drone attack that claimed the lives of three American soldiers. Utilizing aircraft, including long-range B-1 bombers flown from the US, the strikes targeted 85 locations across seven sites associated with Iran’s Islamic Revolutionary Guards Corps’ Quds Force and militant groups funded by Iran. The targets included command-and-control facilities, as well as supply depots for rockets, missiles, and drones, according to United States Central…

Child tax credit: The House approves a legislation to strengthen the child tax credit and reinstate tax incentives for businesses. On an unusual Wednesday, the House passed a bipartisan $79 billion tax cut package with broad support. This package aims to improve the child tax credit for lower-income families and provide three tax breaks for businesses, marking a significant achievement for lawmakers on both sides of the political spectrum. The bill’s fate becoming law remains uncertain as it awaits consideration in the Senate. Despite the uncertainty, the House, often grappling…

Imran Khan: Shah Mahmood Qureshi, former foreign minister, was also sentenced along with Khan in Cipher Case A Pakistani court has handed down a 10-year sentence to former Prime Minister Imran Khan for disclosing official secrets. Shah Mahmood Qureshi, the former foreign minister, has also been sentenced alongside Khan, as reported by the Associated Press (AP). This development occurs just over a week before the country’s general elections scheduled for February 8. The case leading to the sentencing of Khan and Qureshi is known as the Cipher case, relating to…

The Indian Navy said, “This was the second anti-piracy operation carried out by the warship within 36 hours” In a swift response, Indian Navy warship INS Sumitra successfully rescued 19 Pakistani sailors from the clutches of pirates who had hijacked their fishing vessel near the coast of Somalia on Monday. This marked the second anti-piracy operation conducted by the Navy warship in just 36 hours, as reported by the Indian Navy. The incident involved the Iranian-flagged fishing vessel FV Al Naeemi, which was boarded by 11 armed pirates, leading to…

Biden blamed Iran-backed militias for the first US fatalities after months of strikes by such groups against American forces across the Middle East since the start of the Israel-Hamas war President Joe Biden has pledged a decisive reaction following a drone strike that claimed the lives of three American troops and left dozens injured in an overnight attack near the Syrian border in northeast Jordan. Blaming Iran-backed militias for these fatalities, Biden expressed the United States’ commitment to holding those responsible accountable. As tensions rise, U.S. officials are actively working…