Iran was the second-biggest oil supplier to Indian state refiners between April and June, replacing Saudi Arabia, as companies took advantage of steeper discounts offered by Tehran.
India, Iran's top oil client after China, shipped in 5.67 million tonnes or about 4,57,000 barrels per day (bpd) of oil from the country in the first three months of this fiscal year.
CPEC Projects in Pakistan Stuck
A number of road projects related to the $52 billion China-Pakistan Economic Corridor (CPEC) are said to be in the doldrums as Pakistan's National Highway Authority (NHA) faces a financial crisis.
It is for the first time that CPEC projects faced such a situation because of financial reasons.
Not only the CPEC projects but local industries related to construction and a large workforce of engineers and labourers have also been hit by the situation.
Photo-messaging app Snapchat is reportedly terminating its digital peer-to-peer payment service "Snapcash" on August 30, ending its four-year long partnership with US-based mobile payment company "Square".
Industrial Clusters Jubilant over GST Rate Cut
North India's ailing small and medium industry clusters, carpet weavers, fabric makers, footwear manufacturers and juicer mixer and grinder (JMG) industry have heaved a sigh of relief after the GST Council's recent decision to slash taxes on several items.
This will definitely boost the domestic sales. The manufacturer will be forced to pass on the benefits to consumers if they want to sustain in the market.
Pact for Faster Bad Loan Resolution
More than 20 Indian lenders signed a pact aimed at faster resolution of bad loans, while more could join by the end of the week in what is the latest bid to cut record levels of soured assets in Asia's third-biggest economy.
NASA is on schedule to launch mankind's first mission to the Sun, a car sized probe that will swoop to within 4 million miles of the solar surface, facing heat and radiation like no spacecraft before.
The Parker Solar Probe, which is expected to take off no earlier than August 6 aboard United Launch Alliance Delta IV Heavy, will study the Sun closer than any human-made object ever has.
India's 16-year-old shuttler Lakshya Sen beat World no.1 Kunlavut Vitidsarn to lift the men's singles title in the Badminton Asia Junior Championship in Jakarta.
The World no.9 eased past Vitidsarn in straight sets the Under 19 final to win India's first Men's singles gold in 53 years. He also became only the third Indian after P.V Sindhu and Gautam Thakkar to win a gold at the Asian Junior Championship P.V Sindhu had won the title in 2012 and Gautam Thakkar in 1965.
Prime Minister Narendra Modi arrived in Rwanda on the first leg of his three-nation Africa tour as part of India's outreach to the resource-rich continent, becoming the first Indian premier to visit the East African country.
His two-day state visit to Rwanda, one of Africa's fastest growing economies, assumes significance as this is the first by an Indian premier.
Exclusion from NRC
Those not part of the draft National Register of Citizens (NRC), a list of Assam's residents, will not automatically be declared foreigners, but will get a one-month window to file claims and objections, besides subsequent judicial recourse.
Exclusion from the final NRC does not mean automatic declaration of anyone as foreigner and once the final document is published, if someone is dissatisfied, he or she can always go to a foreigners' tribunal in the state to get justice.
There are around 300 foreigners' tribunals in Assam.
Centre Clears Air on Grant-giving Powers
A new and independent body comprising academics and using an ICT-enabled platform will give grants to universities after the University Grants Commission (UGC) is repealed.
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