Vodafone Idea share price rises 2%, extending gains: Do you own it?
Published 27 Jun 2025, 09:43 AM IST Stock Market Today: Vodafone Idea share price gains(REUTERS)
Stock Market Today: Vodafone Idea share price gained more than 2% in the morning trades on Friday, extending gains from earlier sessions. Do you own it?
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The Hindu
4 hours ago
- The Hindu
India will continue to buy Russian oil, government sources tell NYT
India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Government sources told The New York Times, not wishing to be identified due to the sensitivity of the matter. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." Mr. Trump last month indicated in a Truth Social post that India would face additional penalties for purchases of Russian arms and oil. On Friday (August 1, 2025), Mr. Trump told reporters that he had heard that India would no longer be buying oil from Russia. Soured relations: The Hindu editorial on Trump's 25% tariff, 'penalty' The New York Times on Saturday (August 2, 2025) quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had "not given any direction to oil companies" to cut back imports from Russia. Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week, following a narrowing of discounts in July. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," Foreign Ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday. Mr. Jaiswal added that India has a "steady and time-tested partnership" with Russia, and that New Delhi's relations with various countries stand on their own merit and should not be seen from the prism of a third country. The White House in Washington did not immediately respond to requests for comment. Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week. The country's state refiners — Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd — have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. India's top oil supplier On July 14, Mr. Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35% of India's overall supplies. Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35% of India's overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up 1% from a year ago, according to data provided to Reuters by sources. Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft . Last month, Reuters reported that Nayara's chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO. Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported late last month.
Economic Times
8 hours ago
- Economic Times
Grok Imagine goes live on Elon Musk's X platform
Elon Musk's artificial intelligence company xAI has officially rolled out Grok Imagine, a text-to-video generation tool integrated within the X platform (formerly Twitter).The feature, which was previously being tested with a limited group of users, is now more widely accessible. According to Musk, users can update their X app and request access to the waitlist by navigating to the 'Grok' section in settings and selecting 'Imagine.' 'Grok Imagine is still in early beta, so will improve almost every day,' Musk wrote in a post on X, adding that real-time improvements are expected as the model scales. Grok Imagine allows users to generate videos and still images from text prompts, with videos of up to six minutes in duration. In addition, it can animate static images into moving visuals with synchronized sound, offering creators a more seamless workflow without needing external tools or software. Early users have compared the feature to Twitter's Vine, the once-popular short-form video app that was discontinued in 2017. However, Grok Imagine appears to be aimed at much broader use cases—including entertainment, education, and meme culture—leveraging generative AI for creative expression. The feature is available both via the standalone Grok app and within the main X platform. According to a post by the official Grok handle, full public rollout is expected in phases beginning October 2025. The launch follows xAI's recent disclosure that it is also working on a kid-friendly version of its Grok chatbot, suggesting the company is eyeing wider demographic adoption as it refines its AI capabilities. Meanwhile, xAI is in the process of preparing a fresh funding round, which could value the company between $170 billion and $200 billion, according to a July 12 Reuters report. The company expects to generate over $13 billion in annual earnings by 2029, as per financial projections shared by Morgan Stanley and reported by Bloomberg in June. With Grok Imagine now live, Musk appears to be positioning X as not just a social media platform but an AI-powered content engine, blending user-generated media with proprietary infrastructure and models built by xAI.
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Business Standard
12 hours ago
- Business Standard
India to keep buying Russian oil despite Trump's penalty threat: Report
India will continue to buy crude oil from Russia, despite US President Donald Trump's warning of a penalty, according to a report in Reuters, quoting two Indian government sources, who did not wish to be identified due to the sensitivity of the matter. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." The New York Times, in its report, quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy. One of the officials, in the news report, said the government had "not given any direction to oil companies" to cut back imports from Russia. The Indian authorities had, on Friday, said their energy decisions are based on national interest and market factors. Trump recently claimed India may stop purchasing oil from Russia, calling it a 'good step' if true. However, India's foreign ministry stated on Friday that no such decision has been made. Speaking to the media on Friday, Trump said, 'I understand that India is no longer going to be buying oil from Russia. That's what I heard — I don't know if that's right or not — but that would be a good step.' His comment followed the US government's announcement of a 25 per cent tariff on all goods imported from India, effective from August 1, along with an unspecified penalty. Tougher stance: 100% tariff warning In mid-July, Trump issued a stronger threat, warning of up to 100 per cent tariffs on any country that continues to buy oil from Russia unless there is a complete peace agreement between Russia and Ukraine. Earlier this week, he also criticised India's economic partnership with Russia. Posting on Truth Social, Trump said, 'I don't care what India does with Russia. They can take their dead economies down together, for all I care.' He repeated long-standing complaints about India's high tariffs, saying, 'Their tariffs are too high, among the highest in the world. The US has done very little business with India for this reason.' On Wednesday, the US officially announced a 25 per cent tariff on all Indian exports to the United States starting August 7. India defends its position Responding to the US statements, India's Ministry of External Affairs said the country decides on oil purchases based on availability, global prices, and domestic needs. 'We look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation,' said foreign ministry spokesperson Randhir Jaiswal during a press briefing on Friday. Russia remains India's top oil supplier Russia continues to be India's leading crude oil supplier, accounting for about 35 per cent of total oil imports. From January to June 2025, India imported around 1.75 million barrels per day of Russian oil — slightly higher than the same period last year, Reuters reported. Other key suppliers include Iraq, Saudi Arabia, and the UAE. India is the world's third-largest importer and consumer of oil. US Senator Marco Rubio calls India's Russia ties a concern US Secretary of State Marco Rubio also expressed concern over India's oil purchases from Russia, saying it is 'most certainly a point of irritation' in the US-India relationship. Speaking to Fox Radio on Thursday, Rubio noted that even among allies, it is normal to disagree on some foreign policy matters. 'India is a strategic partner. Like anything in foreign policy, you're not going to align 100 per cent of the time,' he said. (With agency inputs)
