Ukraine

02 Mar

The LIC IPO may delay because of the Russia-Ukraine war

editorNorth Eastindia, Russia Ukraine, Ukraine

The Russia-Ukraine war may delay the Life Insurance Corporation of India (LIC) IPO to the next fiscal. The Centre is exploring the possibility of shifting the mega LIC initial public offer as it gives priority to managing fuel prices which are likely to raise once the election results to five states are announced on 10th March. LIC filed a draft red herring prospectus with SEBI for the sale of a 5% stake by the government on 13th February. The war has pushed crude prices above $100 per barrel and even the stock market turns so volatile that it could scupper…

01 Mar

Mastercard blocks various financial institutions

editorNorth EastRussia Ukraine, Ukraine

Mastercard Inc. said that it had blocked multiple financial institutions from its payment network as a result of sanctions imposed on Russia over Moscow's invasion of Ukraine. Russians rushed to ATMs and waited in long queues amid concerns that bank cards may cease to function or that banks would limit cash withdrawals after Western sanctions. Mastercard will continue to work with regulators. It also said that it will contribute a $2 million for humanitarian relief. The United States and its allies said that they would take action against Russia's central bank and bar some of the country's banks from the…

28 Feb

PM deputes four Union ministers to coordinate evacuations from Ukraine

editorIndiaPM Narendra Modi, Ukraine

Prime Minister Narendra Modi today deputed four Union ministers to go to the neighbouring countries of Ukraine to coordinate the evacuation of Indian nationals stranded in the war-torn nation. The four ministers who will leave soon as special envoys of the PM are Hardeep Singh Puri, Jyotiraditya Scindia, Kiren Rijiju and Gen (Retd.)V K Singh. The PM held a high-level meeting to discuss the progress made so far in bringing the Indians back from Ukraine under ”Operation Ganga” and how the process could be intensified. The meeting was attended, among others, by External Affairs Minister S Jaishankar, Commerce Minister Piyush…

28 Feb

Deeply saddened by conflict in Ukraine: Dalai Lama

editorworldDalai Lama, Ukraine

Globetrotting Buddhist spiritual leader the Dalai Lama said he has been deeply saddened by the conflict in Ukraine. “Our world has become so interdependent that violent conflict between two countries inevitably impacts the rest of the world." He believed problems and disagreements are best resolved through dialogue. “Genuine peace comes about through mutual understanding and respect for each other’s wellbeing. “We must not lose hope. The 20th century was a century of war and bloodshed. The 21st century must be a century of dialogue.” The elderly monk prayed that peace is swiftly restored in Ukraine.

26 Feb

Missile Hits Residential Building In Ukraine Capital Kyiv

editorworldUkraine

A high-rise apartment block was hit by a missile overnight in Kyiv as fighting raged between Russian attackers and Ukrainian forces. They posted a picture online of the tower block with a hole covering at least five floors blasted into the side and rubble strewn across the street below. Kyiv Mayor Vitaly Klitschko wrote online that the building had been hit by a missile. He said in a video that the night had been "difficult", with Russian "sabotage groups" in the capital. He insisted that there were no regular Russian troops in Kyiv, but said they were trying to enter from several…

18 Feb

No immediate plan to evacuate Indians from Ukraine, focus on ensuring their safety: Govt

editorIndiaMEA, Ukraine

India does not have any immediate plan to evacuate its citizens from Ukraine and its focus has been on ensuring their safety rather than on anything "larger", the Ministry of External Affairs (MEA) said on Thursday. MEA spokesperson Arindam Bagchi said at a media briefing that India has been supportive of an immediate de-escalation of tensions and resolution of the Ukraine crisis through sustained diplomatic dialogue. “We have no immediate evacuation plans, so we don’t have any special flights. However, there are a limited number of flights under the air bubble arrangements, restrictions on a number of flights and passengers…