Latest news with #Sahai
Time of India
6 days ago
- Time of India
Woman, daughter use same noose to end life in Bengaluru
Bengaluru: A 48-year-old mother allegedly hanged herself in her house near Whitefield following the death of her 24-year-old daughter Monday. They both used the same noose, police said. The victims are Sreeja Reddy and her mother Bharathi Reddy, both from Andhra Pradesh. Police said Sreeja, who was working as a data analyst in a software company, allegedly hanged herself in her bedroom. Bharathi found her body around 11am and called her husband Shreedhar Reddy, saying she wanted to end her life too. Bharathi then untied Srija and hanged herself from the same noose, police said. Police said Sreeja would go to sleep late at night and wake up late in the morning. After her father left for work Monday, Bharathi opened the door of Sreeja's bedroom and found her hanging from the ceiling fan. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru A shocked Bharathi called Shreedhar saying she was disturbed by Sreeja's death and did not want to live any longer. Shreedhar rushed home to find his daughter lying on the floor and his wife hanging from the same noose. Sreeja left a note in which she claimed that she was disturbed over some personal issues and blamed no one for her death. Bharathi wrote a line in Telugu on the note, saying she was ending her life because she did not want to live after Sreeja's death. If you are having suicidal thoughts or in need of emotional support, call suicide-prevention helplines: Tele-Manas helpline: 14416 or 1800-891-4416, Sahai Helpline: 080-25497777.
Mint
11-07-2025
- Business
- Mint
India buys more Russian oil—but its rupee-rouble plan isn't working
New Delhi: A rupee-settlement mechanism rolled out in 2022 to ease trade with sanction-hit countries has failed to gain traction with India's largest crude supplier—Russia. Indian refiners continue to source Russian crude supplies through traders based in the United Arab Emirates and settle transactions in dirhams. Most transactions for crude oil supplies are executed via West Asia-based traders rather than through a direct bilateral payment system between Indian and Russian entities, according to two people familiar with the matter, who spoke on the condition of anonymity. 'There was a payment issue, which has been sorted out now. Payments have been happening in AED (UAE dirham) because Indian state-run refiners are primarily buying it from the traders and most of them are UAE-based," said one of the people cited above. 'Also, even if the Russians give their crude oil for sale to a trader, they earmark it for a particular company. This is something specific to them. Also, the discounts on Russian oil have come down." Ajay Sahai, director general & CEO of the Federation of Indian Export Organisations (FIEO) said, 'While the Rouble is not freely convertible, the Dirham is both freely convertible and directly pegged to the US Dollar, offering greater ease in international transactions." In the case of oil imports from Russia in rouble, exporters often incur losses due to the need for double currency conversion—from rupee to dollar, and then from dollar to rouble, Sahai said. Transactions in dirham eliminate this additional cost due to its convertibility and stable linkage to the dollar, he said. "Moreover, Russia has significant financial investments in the UAE, particularly in sovereign bonds and real estate. Settling export payments in Dirham allows them to accumulate a currency that aligns with their investment interests," Sahai said. India's experience shows it is difficult to make an alternative for the dollar to work because of the complexities of global trade. On top of that, US President Donald Trump has now warned Brics nations of higher tariffs if the bloc seeks an alternative to the dollar. Spot purchases rule India currently has no long-term crude oil supply agreement between Russian oil majors such as Rosneft and Indian state-run refiners including Indian Oil Corp. Ltd (IOCL), Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL). The bulk of Russian oil is being procured via spot deals through traders. 'In the absence of long-term deals with state-run Indian refiners, spot purchase of oil is largely done via traders in Dubai and the payments are mostly made in AED," the person added. Russia emerged as India's top crude supplier after the 2022 invasion of Ukraine, as deep discounts spurred demand. Russian oil's share in India's import basket surged from around 2.5% in fiscal year 2021 (FY21) to 36% in FY25. However, the discounts have narrowed—from about $30 per barrel in 2022 to $2.5-4 per barrel now as international oil prices have declined. Reliance Industries Ltd was the last Indian company to sign a long-term crude deal with Rosneft—a 10-year supply agreement inked in December 2024. Talks of a consortium of Indian state-run refiners resuming negotiations surfaced earlier this year, after fresh sanctions were imposed on some Russian oil producers and vessels in January. IOCL had in 2023 signed a deal to raise oil imports from Rosneft. In 2021, the company signed a deal to buy up to 2 million tonnes of crude oil from Rosneft by the end of 2022. In April-May this year, India imported $9.1 billion worth of oil from Russia, down 9.81% from $10.15 billion in the year-earlier period. A G7-led price cap of $60 per barrel remains in place for Russian oil exports to curb Moscow's wartime revenues while protecting energy access for low- and middle-income nations. Yuan trumps rupee Experts say another reason the rupee-rouble mechanism hasn't taken off is because Russia has limited use of the Indian currency. 'The Russians want hard currency. If they export more to India than they import, they end up with a pile of rupees that can't be freely exchanged in international markets. That carries a risk of value erosion over time," said India's former commerce secretary Anup Wadhawan. 'Iran had accepted rupee payments in Indian banks earlier when they were under sanctions. But Russia is in a different situation. They aren't willing to accept rupees in large volumes because they're looking for usable currency, not blocked balances in Indian banks," he added. In FY25, India's total imports from Russia stood at $63.84 billion, of which nearly 78% was oil. Crude oil imports alone rose to $50.28 billion, up 8.16% from $46.48 billion the previous year. 'US sanctions on Russia have made most banks wary of engaging in rupee-rouble transactions. Even trade routed through Russian banks remains limited, primarily due to a significant trade imbalance in Russia's favour," said Bipin Sapra, partner and leader, indirect tax and economic policy, EY India. 'As a result, more widely accepted currencies, such as the AED, are increasingly being used to settle payments." However, Prashant Vasisht, senior vice president and co-group head, corporate rating,Icra Ltd., said with Russia's larger trade volumes with China, 'there are more use cases for reserves of yuan, which makes the Chinese currency more attractive for non-dollar transactions". Imports stay strong Despite the absence of long-term crude supply agreements with Russian majors, Indian imports remain strong. Indian state-run firms, including Indian Oil, have been in talks with Rosneft, but an agreement has yet to materialize. Asked in an interview withMintwhether talks with Rosneft for a long-term deal had resumed, Indian Oil chairman Arvinder Singh Sahney said: 'In this crude business there is no stoppage or starting of any dialogue or any because we are constantly in touch with all of them. We are in touch with all them and they are in touch with us because it's a constantly evolving business." India, a key refining hub in Asia, currently operates 23 refineries with an installed capacity of over 258 million tonnes per annum (mtpa) and plans to expand this to 310 mtpa by 2028. Its crude oil and petroleum product imports jumped 29.5% to $209.57 billion in FY25. Indian firms—ONGC Videsh Ltd, Bharat Petroresources Ltd, IOCL and Oil India Ltd—have invested nearly $16 billion in Russian oil and gas assets, including Sakhalin-1, Vankor, Taas-Yuryakh and the Siberian deposits of Imperial Energy Corp. Plc. S&P Global Commodity Insights on Thursday said that Russia retained its position as India's top crude supplier in January-June period with shipments of 1.67 million barrels per day, compared to 1.66 million barrels per day a year earlier. 'With a modest level of Russian imports in the early months of 2025, volumes are rising again, supported by lower crude prices that enable higher volumes to be procured below the price cap," said Abhishek Ranjan, South Asia oil research lead at S&P Global Commodity Insights. 'As the global oversupply is expected to continue putting pressure on prices, we expect Russian flows to remain at current levels, if not increase."
Business Wire
07-07-2025
- Business
- Business Wire
Sinclair Names Narinder Sahai as Executive Vice President and Chief Financial Officer
BALTIMORE--(BUSINESS WIRE)--Sinclair today announced the appointment of Narinder Sahai as Executive Vice President and Chief Financial Officer, effective immediately. Sahai brings more than two decades of strategic financial leadership across publicly traded and private-equity-backed companies, with deep expertise across the full breadth of finance functions, including capital markets, treasury, controllership, investor relations, mergers and acquisitions, and planning and analysis. He also has strong technology expertise, including artificial intelligence and machine learning, from his Amazon Web Services (AWS) experience and undergraduate degree in electronics and electrical communication engineering. Prior to joining Sinclair, Sahai served as CFO at Arcis, a leading leisure and hospitality operator, where he led financial planning, accounting, tax, treasury and debt investor relations. Prior to Arcis, he was CFO of RumbleOn, Inc. , a publicly-traded technology-driven omnichannel powersports platform, where he built the FP&A function, launched the internal audit and SOX compliance programs, and executed successful integration of transformative acquisitions. At Amazon's AWS, Sahai served as Head of Worldwide Go-to-Market Finance for Compute and AI/Machine Learning services, providing financial leadership for specialist sales teams across global markets. Before AWS, Sahai served as Senior Vice President, Treasurer and Investor Relations at Target Hospitality Corp., where he managed all investor relations and capital markets activities for the company's equity public market debut and executed comprehensive debt financing transactions. Prior to Target Hospitality, he spent nearly a decade at FMC Technologies, Inc. and TechnipFMC plc , a publicly-traded diversified oilfield services company, in progressive finance leadership roles in investor relations, financial planning and analysis, operations finance and controllership, and regional and corporate treasury. Earlier in his career, Sahai spent several years at Delphi Corporation where he was part of the Finance Leadership Development Program and held various roles in product and portfolio planning, M&A, restructuring, and financial risk management. 'Narinder's proven track record as CFO of both publicly traded and private-equity-backed companies, combined with his operational discipline and strategic financial leadership, makes him exceptionally well-suited to guide Sinclair through its next phase of growth,' said Chris Ripley, President and CEO of Sinclair. 'He brings a unique perspective having worked in multiple industries—including cloud and AI-focused companies. Narinder is a proven C-suite leader with a strong history of executing value-creating strategies, optimizing capital structures, and driving margin improvement. We're looking forward to him building on our culture of success, industry leadership, and best-in-class finance team, especially as we advance commercialization strategies around ATSC 3.0 and continue to deliver long-term value for our stakeholders.' Sahai holds a Bachelor of Engineering in Electronics and Electrical Communication Engineering, graduating as valedictorian from Thapar University in India, and a Master of Business Administration with High Distinction from the Ross School of Business at the University of Michigan, Ann Arbor. Sahai is also a CFA® Charterholder. "I am honored to join Sinclair during such an exciting period of transformation and growth,' said Narinder Sahai. 'Having worked across diverse industries—from automotive and energy to consumer and technology—I have a deep appreciation for companies that are successfully transforming themselves while maintaining strong operational discipline. Sinclair's unique position at the intersection of local media, sports, and emerging technology creates tremendous opportunities. From the company's leadership position in local broadcasting, combined with its pioneering work in ATSC 3.0 technology, the strength of Tennis Channel, and innovative ventures portfolio, I see significant potential to drive value creation for all stakeholders. I look forward to working with Chris, the Board, and the entire team to execute on Sinclair's strategic vision while maintaining the strong financial discipline that has positioned the company for success.' With this appointment, Lucy Rutishauser will step down as Chief Financial Officer and continue as Executive Vice President to support the transition. She will remain in that capacity until her planned retirement later this year, at which time she will assume the role of Senior Advisor. About Sinclair:
Time of India
01-07-2025
- Time of India
Leopardess mowed down by speeding SUV on Kheri road
Pilibhit: A speeding SUV ran over a sub-adult leopardess 5 km from the nearest forest boundary on the Bhira-Palia road in Kheri district around 11pm on Monday, marking the third big cat to be killed in a road accident on this stretch since Dec last year. The car involved in the incident was later found in Palia's Indira Nagar locality, but the driver fled and is yet to be arrested. North Kheri divisional forest officer Saurish Sahai said, "The leopardess sustained injuries to her head, face and neck. The carcass was sent to the forest range headquarters where two veterinary officers conducted an autopsy in the presence of representatives from the National Tiger Conservation Authority, the chief wildlife warden of UP, and the field director of Dudhwa Tiger Reserve." As the SUV hit the leopardess, its number plate fell on the road, helping officials trace the vehicle. Sahai said, "The car was impounded and the driver has been charged under the appropriate sections of the Wildlife Protection Act." Forest officials have been grappling with repeated wildlife deaths on roads cutting through protected areas in and around Dudhwa. In Feb this year, a tiger was killed by a speeding car near the Mailani range. The frequency of such fatalities has led to the installation of night-vision cameras, speed-limit signs, and automated challan systems across Dudhwa and Kishanpur ranges since Sept last year. But despite these measures, major accidents involving wildlife have continued. Principal chief conservator of forest (wildlife) Anuradha Vemuri called an urgent meeting in Lucknow on Tuesday to discuss roadkill prevention strategies. She told TOI, "The Bhira-Palia road is already equipped with a series of speed breakers, rumble strips, in addition to entry and exit checkpoints to regulate vehicle speed and monitor their operations on the road. An adequate number of signage with permitted speed limits and other instructions have also been displayed along the road. " She added that Dudhwa officials had been asked to coordinate with police patrols to strengthen vehicle surveillance. Additional checkpoints and signage would be installed in other tiger reserves and wildlife sanctuaries in collaboration with PWD to reduce animal deaths under the wheels. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Hindustan Times
26-06-2025
- Hindustan Times
Throttled, brickbatted Baburi leopard succumbs to internal injuries
The two rescued leopards- an eight-month-old female caught near Jatpurwa village and another a four-year-old male from Baburi villages, both in Dhaurahra range of north Kheri forest division - succumbed to internal injuries on Wednesday. Mihi Lal fighting the leopard (HT File PHoto) Despite hectic efforts and medical treatment by the veterinary expert team from Dudhwa, the two big cats could not survive. Saureesh Sahai, deputy field director, Dudhwa buffer zone, said, 'The post-mortem examination of both the leopards as per NTCA guidelines was carried out and carcasses were later disposed of. Sahai added that the postmortem examination of the Baburi leopard revealed heavy internal bleeding due to injuries, leading to its death. In Baburi, the male leopard was hiding in a brick kiln where it attacked Mihi Lal, 35, who bravely countered the attack and survived though sustaining multiple injuries on his chest and hands. Mihi Lal and three others injured were rushed to the district hospital, where they were treated and reported out of any danger. However, the male leopard had to face mob fury which hurled bricks at it, causing serious internal injuries. The postmortem of the Jatpurwa female leopard, revealed that its lungs and kidneys suffered serious hemorrhaging probably due to prolonged infection, leading to its death. Sahai said that even when the female leopard was rescued from Jatpurwa, its condition was very critical as the leopard was suffering frequent seizures, unable to properly walk or respond to its surroundings. Sahai said brain tissue, oral, rectal and kidney discharge had been sent to IVRI, Bareilly to ascertain the nature and cause of such infection in Jatpurwa leopard. DO NOT VIDEOGRAPH BIG CATS Sahai took serious note of how the villagers took great risk to come in close range of the leopards to take photos and videos in Jatpurwa and also in Baburi. Sahai said such acts had a greater risk of attacks by wild animals and people should strictly avoid this. He asked villagers to intimate the forest officials in case of sighting of leopard or any other wild animal as the forest teams were specialised in handling such situations. He said that the Dhaurahra range area was reported to have movements of several leopards and villagers should remain alert about them. DEO KANT PANDEY
