India is trying to strike new crude-oil deals with Russia — but Russia's oil giant Rosneft doesn't have any extra oil left, report says

Russian oil giant Rosneft doesn't appear to be short of customers.

Russia's top oil producer is holding back on signing new six-month contracts with two Indian state refiners because it has already committed supplies to other buyers, Reuters reported on June 8, citing three sources with knowledge of the matter.

"They are saying they don't have volumes," one of the sources told Reuters. The source described Rosneft as being "non-committal" about signing new deals.

The development points to demand for Russian oil even amid hard-hitting sanctions and boycotts against the country over its invasion of Ukraine.

Indian refiners are among those who have been snapping up Russian oil that was priced at steep discounts to move the supplies. But Russian oil is not being sold at steep discounts anymore, particularly as insurance and freight rates have risen, Indian sources told Reuters. India can still buy Russian crude on the spot market, but it would be more expensive than longer-term deals. China has also been snapping up Russian oil. Neither country has condemned Russia's actions in Ukraine.

To meet Asian demand, Russia has increased shipments by about 20% out of the major port of Kozmino in the east of the country, Reuters reported on Tuesday, citing three sources familiar with the matter.

Russia's energy sales are keeping the country afloat amid international trade restrictions as oil prices have been soaring, gaining about 50% this year so far. Moscow could still rake in $800 million a day from oil and gas revenues this year, Bloomberg Economics reported last week. That's 20% higher than the country's oil and gas takings in 2021.

State-owned Rosneft posted record profits in 2021 and is planning to dole out record dividends to shareholders.

Source

Ultimate Kho Kho: GMR And Adani Group Acquired Franchises

 

GMR and Adani Group have acquired the Telangana and Gujarat franchises in the Ultimate Kho Kho League (UKKL), which is set to launch this year to promote the local sport.

The league, which is being promoted by Amit Burman, chairman of Dabur Group, in collaboration with the Kho Kho Federation of India (KKFI), aims to revolutionize the indigenous sport of Kho-Kho by adopting a modern-day professional structure that will bring the fast-paced action to the fans' living rooms.

GMR Sports has signed the Telangana team to increase the popularity of Kho-Kho in South India and further promote it.

"Since its inception more than 15 years ago, the company has done pioneering work in growing popular sports such as cricket and other indigenous sports such as kabaddi and wrestling in India and around the world. With a vision to develop talent at the grassroots level, it has invested in providing access to professional sports by establishing sports training academies across India," said Kiran Kumar Grandhi, Corporate Chairman of GMR Group.

Source

Elon Musk threatens to walk away from $44 billion Twitter deal

Elon Musk is threatening to end his $44 billion agreement to buy Twitter Inc, accusing the firm of refusing to give him information about its spam bot accounts.

Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that the social platform included in a filing with the Securities and Exchange Commission.

Twitter was in a "clear material breach" of its obligations and that Musk reserves all rights to terminate the merger agreement, the billionaire warned in a letter.

This is the first time the Tesla billionaire has threatened to walk away from the deal in writing as opposed to airing it on Twitter's social media platform.

The microblogging site had previously downplayed Musk's warning that the deal was "on hold", arguing that the data would help him prepare for his ownership of Twitter, not to carry out due diligence and reopen negotiations.

Earlier in March, Musk said he would put the deal "temporarily on hold", while he waits for the social media company to provide data on the proportion of its fake accounts.

Twitter Chief Executive Officer Parag Agrawal has said the number of fake accounts is less than 5% when measuring daily users -- a figure the company has previously cited in quarterly filings.

"Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data," according to the letter.

A self proclaimed free-speech absolutist, Musk has questioned the accuracy of Twitter's public filings about spam accounts representing less than 5% of its user base, claiming they must be at least 20%.

Musk said he needed the data to conduct his own analysis of Twitter users and did not believe in the company's "lax testing methodologies."

"Musk is clearly entitled to the requested data to enable him to prepare for transitioning Twitter's business to his ownership and to facilitate his transaction financing," his lawyers said in the letter.

Musk has said that he has lined up financing for the deal, through equity and loans, pulling in top shareholders including Saudi Arabian investor Prince Alwaleed bin Talal and Sequoia Capital.

Twitter shares were down 5.5% at $37.95 in early trading.

Source

Delhi Airport to become net zero carbon emission by 2030

On the occasion of World Environment Day, Delhi International Airport Limited (DIAL) -- a joint venture which is formed as a consortium between the GMR Group, the Airports Authority of India, and Fraport AG & Eraman Malaysia -- announced the launch of the Green Transportation Program at the airport and in the surrounding area. 

The Green Transportation Program aims at helping DIAL make a rapid transition to green mobility, cutting greenhouse gas (GHG) emissions considerably, and enabling Delhi Airport to achieve "Net Zero Carbon Emission Airport" status by 2030.

As part of the ambitious plan, DIAL has chosen to phase in electric vehicles (EVs) on the ground and is set to introduce 62 electric cars for its airside activities in the first phase, which will help reduce GHG emissions by around 1,000 tonnes per year. These vehicles would be deployed within 3-4 months. 

DIAL will also establish high-voltage and fast-charging stations at critical places in order to address the requirements of these vehicles as well as other airport stakeholders. Moreover, as a part of this initiative, and to promote EV adoption at the airport, DIAL also announced its plans to work with Original Equipment Manufacturers (OEM) to make essential improvements to EVs in order to install airport-specific equipment, DIAL said in a statement.

Speaking on the occasion, the Chief Executive Officer of DIAL, Videh Kumar Jaipuriar said, “DIAL has set a target to make Delhi Airport a Net Zero Carbon Emission Airport by 2030, and is continuously working to achieve this goal. We are planning to eliminate all the light vehicles of petrol and diesel in a phased manner from Delhi Airport and use electric vehicles instead. The adoption of electric vehicles for managing airport operations is a step forward. It is a first-of-its-kind initiative by any Indian airport to ensure a clean transportation environment. The electric mobility, when packaged with appropriate ground support technology and infrastructure, presents a viable alternative in reducing vehicular emissions at the airport.” 

Other initiatives that will also be implemented as part of the DIAL's plan to become a "Net Zero Carbon Emission Airport" by 2030 include energy efficiency and conservation, green buildings and infrastructure, renewable energy utilization, and operational excellence programmes with airlines and airport stakeholders, the statement said.

Source

Sidhu Moosewala killing: Lawrence Bishnoi reveals names of arms suppliers, says 'Goldy Brar the brain behind murder'

 Gangster Lawrence Bishnoi has told the Delhi Police Special Cell about the hideout and names of the arms suppliers, who are based in Punjab, Haryana, Uttrakhand and Rajasthan.

Police suspect these suppliers could be the ones who helped the killer of Sidhu Moosewala -- one being headed by Ranjeet, resident of Faridkot, another Vijay, a resident of Haryana-Rajasthan Border and one more is Raka.

On Sunday, Bishnoi was produced before Patiala House Court, which remanded him to police custody for five more days.

"The Delhi Police didn't mention the Sidhu Moosewala case in their remand application. But he was remanded to five more days police custody," said advocate Vishal Chopra, the counsel of Bishnoi.

The sources have, however, claimed that the arms suppliers whose names have come up during the course of investigation, could be the same who supplied arms to the killer of Moosewala.

"Mukesh alias Puneet and Om alias Shakti and Harvinder of Jitender Gogi gang were held by us in April. They have told us that one Raka supplied them illegal weapons. Rohit alias Moi and Dinesh Karala who are handling Gogi gang, had helped them in procuring arms. Efforts were made to trace the source of weapon but so far no success," said a source.

An official said, "Bishnoi knows the actual source of weapons. Bishnoi knows whereabouts of Raka in areas of Delhi, Haryana, UP and Uttrakhand."

"We then arrested Bishnoi who was already in Tihar in another case. Bishnoi corroborated the disclosure statement made by accused Rohit and stated that he had supplied the weapons through Ranjeet who lives in Faridkot and Vijay who lives on Haryana-Rajasthan Border. Police staff have been sent to multiple locations in Punjab, Rajasthan, Uttarakhand in search of the co-accused. Bishnoi also disclosed that suspect Vijay brings arms and ammunition from jodhpur, Rajasthan," the official said.

Source

RFID-enabled tag to track check-in luggage at Delhi airport

The Delhi airport has introduced personalised baggage tag, enabled by radio frequency identification (RFID) technology, which will give passengers real-time information about when and on which belt is their check-in luggage arriving in the terminal, a statement said on Wednesday.

Delhi’s  Indira Gandhi International Airport is the first airport in India to introduce this facility, its operator GMR Group - led DIAL claimed in a statement. A passenger can purchase this tag at the airport, scan the QR code on it and register it on the website bag.hoi.in, the statement mentioned. “Once the tag is registered, all a passenger has to do is to tie the tag or place it into their check-in luggage,” it noted. 

Passengers will start receiving SMS alerts with the details of baggage on their registered mobile number when their baggage arrives at the Delhi Airport, it said.  “They will get the message on their mobile that their luggage is ready to be picked up at the designated baggage belt,” the statement noted.

The ‘BAGG TRAX’ tags will soon be commercially launched for flyers at the Delhi airport. Presently, as part of the pilot project, BAGG TRAX tags are given to select frequent flyers at Terminal 3 only, it said. Once commercially launched, flyers can buy it in the departure sections of any of the terminals at the Delhi airport, it noted.

BAGG TRAX will not only help the domestic and international arrival passengers but also those in transit to track their checked-in baggage, the DIAL statement said. 

Source

Arvind Kejriwal to PM Modi: ‘Please arrest all AAP leaders….'

 Arvind Kejriwal on Thursday sharpened his attack on the central government as he told Prime Minister Narendra Modi to arrest “all AAP leaders”. The Delhi chief minister also said that after the arrest of Satyendar Jain - a minister in his cabinet - he is anticipating the arrest of Manish Sisodia, his deputy.

“I'd already announced a few months back that the central government is going to arrest Satyendar Jain in a fake case. Sources have told me that Manish Sisodia is going to be arrested soon… centre has ordered all agencies to work on fake cases against him," Kejriwal said.

“I request PM Modi to put all the ministers and MLAs from the AAP behind the bars and ask all the central agencies to do all investigations at one go. Carry out as many raids as you want. You arrest one minister at a time, it obstructs public work,” he added.

Arvind Kejriwal on Thursday sharpened his attack on the central government as he told Prime Minister Narendra Modi to arrest “all AAP leaders”. The Delhi chief minister also said that after the arrest of Satyendar Jain - a minister in his cabinet - he is anticipating the arrest of Manish Sisodia, his deputy. 

“I'd already announced a few months back that the central government is going to arrest Satyendar Jain in a fake case. Sources have told me that Manish Sisodia is going to be arrested soon… centre has ordered all agencies to work on fake cases against him," Kejriwal said.

“I request PM Modi to put all the ministers and MLAs from the AAP behind the bars and ask all the central agencies to do all investigations at one go. Carry out as many raids as you want. You arrest one minister at a time, it obstructs public work,” he added.

Manish Sisodia is possibly the “best education minister in the history of independent India,” the Delhi chief minister said during the video address. 

“Some people say this (the probe agency action) is because of upcoming Himachal Pradesh elections, some say this is revenge for Punjab elections. Whatever the reason is, we are not afraid to get arrested. Several raids were done on AAP leaders five years ago but nothing was recovered. We actually have a joke running on this - that all of us have been certified by PM Modi.”

"Not only in Delhi, but Manish Sisodia has given hope to children across the country that they can get good education in government schools. I want to ask the parents of children studying in government schools, 'Is he corrupt?'," he said.

Sateyndar Jain was arrested earlier this week by the Enforcement Directorate in a money laundering case. The central probe agency’s action was condemned by several opposition leaders, including Kapil Sibal and Mamata Banerjee.