OPEC regains share in India as Russian oil imports slump in December

OPEC regains share in India as Russian oil imports slump in December


For 2025, OPEC’s share of India’s crude imports edged up to 50%, from 49% ⁠from a year earlier, while Russia’s portion shrank to 33.3% versus 36% in 2024.
| Photo Credit:
Leonhard Foeger

India’s Russian oil imports ​fell to their lowest level in two years in December, ‌as Western sanctions pushed refiners to tap alternatives, lifting OPEC’s share ​of imports to an 11-month high, trade data showed.

Lower imports of Russian oil, sold at a discount, is likely to hit profits of refiners in the world’s third largest oil importer and consuming nation and push them to turn to suppliers in the Middle East, the US and South America.

Tighter US and European Union sanctions have slowed Russian oil flows ​to India, with imports dropping about 22 per cent to 1.38 million barrels ⁠per day in December from the previous month, reducing Russia’s share to 27.4 per cent, the lowest since January 2023, while OPEC’s share rose to 53.2 per cent, the data showed.

Reliance Industries, the largest ​Indian buyer of Russian oil, stopped ⁠receiving crude under its deal with Rosneft in the final 10 days of December, with its imports from Russia falling to a nearly two-year low, the data showed.

State refiners, meanwhile, continued to source Russian oil from ‌non-sanctioned suppliers.

Russia remains top supplier

Despite the drop, Russia remained the ‌top supplier of oil to India in December and during first nine of this fiscal year to March 31, 2026, ‍followed by Iraq and Saudi Arabia.

Some cargoes that arrived in December, however, were discharged in January, the data showed.

India’s Russian oil imports are expected to ‍average around 1.2 million to 1.4 million bpd in January, with the pullback looking more like a short-term disruption from compliance issues rather than India moving away from Russia completely, said Sumit Ritola, lead research analyst, refining and modelling at Kpler.

To keep track of refiners’ oil purchases, the Indian government is seeking weekly details on crude purchases from Russia and the US.

OPEC share rises

For 2025, OPEC’s share of India’s crude imports edged up to 50 per cent, from 49 per cent ⁠from a year earlier, while Russia’s portion shrank to 33.3 per cent versus 36 per cent in 2024.

India emerged as the biggest buyer of ​discounted Russian seaborne crude following the start of the Ukraine war in 2022.

The purchases ⁠have fuelled a backlash from Western nations, which have targeted Russia’s energy sector with sanctions, arguing that oil revenues help fund Moscow’s war effort.

The US doubled import tariffs on Indian goods to 50% last year as punishment for its heavy purchasing of Russian oil. ⁠The two countries are currently negotiating a potential trade deal.

Published on January 16, 2026



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South Indian Bank posts 9% rise in Q3 net profit at ₹374.32 crore

South Indian Bank posts 9% rise in Q3 net profit at ₹374.32 crore


The Thirssur-based South Indian Bank has registered a 9 per cent growth in its net profit in Q3 of FY26 at ₹374.32 crore against ₹341.87 crore in Q3 FY 2024-25.

The net profit of the bank for the 9 months has increased by 9 per cent to ₹1047.64 crore for December 25 when compared with ₹960.69 crore for December 24.

P.R.Seshadri, Managing Director & CEO said the bank’s well-defined strategy continues to underpin its strong business performance. The bank recorded healthy growth across all major segments – including Corporate, MSME, Housing, Auto and Gold loans – with a steadfast focus on maintaining asset quality.

In line with the strategic intent of achieving Profitability through Quality Credit Growth, the bank successfully on-boarded fresh advances with a low risk profile. This approach reflects the bank’s continued commitment to sustainable growth, prudent risk management and value creation for all stakeholders, he said.

The capital adequacy ratio stood at 17.84 per cent in December 2025, indicating a strong capital position, underscoring the bank’s sound capital management practices and capacity to support future business growth, he said.

Pre-Provisioning operating profit for quarter is up by 10 per cent from ₹528.84 crore in Q3 FY25 to ₹584.33 crore in Q3 FY26. Gross NPA reduced by 163 bps from 4.30 per cent to 2.67 per cent on Y-o-Y basis, while Net NPA dropped by 80 bps from 1.25 per cent to 0.45 per cent.

Retail deposit grew by ₹13,142 crore from ₹1,02,421 crore to ₹1,15,563 crore, an increase of 13 per cent. NRI deposit grew by ₹2,833 crore from ₹31,132 crore to ₹33,965 crore. CASA grew by 15 per cent with growth in Savings Bank by 14 per cent and Current Account by 20 per cent.

Gross advances grew by ₹9,798 crore from ₹86,966 crore to ₹96,764 crore, an increase of 11 per cent. Corporate segment went up by ₹3,397 crore from ₹34,956 crore to ₹38,353 crore, an increase of 10 per cent.

Published on January 16, 2026



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Q3 Results 16th Jan Live: Reliance Ind, Wipro, Tech Mahindra, Polycab India, L&T Finance, Sobha, Federal Bank, JB Chemicals & Pharmaceuticals to announce Q3 results

Q3 Results 16th Jan Live: Reliance Ind, Wipro, Tech Mahindra, Polycab India, L&T Finance, Sobha, Federal Bank, JB Chemicals & Pharmaceuticals to announce Q3 results


Business man or analyst in front of desktop computer holding a modern transparent tablet screen reviewing business performance and a return on investment, ROI, and investement risk analysis
| Photo Credit:
ktasimarr

3 Results Today, 16th Jan 2026 Live Updates: Find all the latest Q3 results 2026 updates of Reliance Industries, Wipro, Tech Mahindra, Polycab India, L&T Finance, Federal Bank, JSW Infrastructure, Poonawalla Fincorp, Central Bank of India, JB Chemicals and Pharmaceuticals, Tata Technologies, Himadri Speciality Chemical, Sobha, Jindal Saw, SML Mahindra, Geojit Financial Services, Ador Welding, Bajaj Healthcare, Indo Borax and Chemicals, Amal, Onward Technologies, Suraj, Mahindra EPC Irrigation, Kesoram Industries, Emerald Finance, Chembond Material Technologies, Neptune Logitek, Atlas Cycle Industries, Key Corporation, Mapro Industries, Viji Finance, and Tree House Education and Accessories.

  • January 16, 2026 09:44

    Q3 results live: Key results to watch out romorrow

    Results on January 17

    HDFC Bank, ICICI Bank, IDBI Bank, RBL Bank, Yes Bank, UCO Bank, Can Fin Homes, JK Cement, Netweb Technologies India, PNB Gilts, Punjab & Sind Bank, and Rossari Biotech will announce their quarterly earnings on January 17.

  • January 16, 2026 09:39

    Emmvee Photovoltaic Power Q3 results live

    Emmvee Photovoltaic Power Ltd. (”Emmvee” or “the Company”), a leading integrated solar module and cell manufacturer, today announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2025.

    Financial Performance Highlights (Q3 FY26 vs. Q3 FY25)

    Revenue from Operations: INR 11,523 Mn, an increase of 118% YoY.

    Total Income: INR 11,679 Mn, up 117% YoY.

    EBITDA: INR 4,134 Mn, a growth of 105% YoY.

    EBITDA Margin: 35.9%, reflecting strong operational efficiency.

    Profit After Tax (PAT): INR 2,636 Mn, a significant rise of 166% YoY.

    PAT Margin: Expanded to 23% from 18% in Q3 FY25.

    Financial Performance Highlights (9M FY26 vs. 9M FY25)

    Revenue from Operations: INR 33,111 Mn, up 162% YoY.

    EBITDA: INR 11,633 Mn, up 222% YoY.

    PAT: INR 6,892 Mn, up 326% YoY.

    Operational & Business Highlights

    Capacity Expansion and Production

    Module Capacity Increased: The Company successfully commissioned a new 2.5 GW solar module manufacturing line on December 20, 2025, at its Sulibele facility (Unit VI).

    Total Capacity: Aggregate solar module manufacturing capacity has increased to 10.3 GW as of December 2025.

  • January 16, 2026 09:28

    Angel One Q3 results live: Key highlights

    Angel One’s Q3 FY26 business performance highlights, which underscore strong momentum across its core broking business and rapidly scaling emerging verticals such as wealth, asset management and credit.

    Key highlights for Q3 FY26:

    • Total Revenue: ₹13,377 mn, up 11.1% QoQ

    • Consolidated EBDAT: ₹4,050 mn, up 24.8% QoQ; EBDAT Margin: 39.4%

    • Adjusted EBDAT ₹4,336 mn (Broking & Distribution – MF + Credit businesses), up 25.3% QoQ; Adjusted EBDAT Margin: 43.0%

    • Adjusted PAT: ₹3,010 mn (Broking & Distribution – MF + Credit businesses), up 27.4% QoQ

    • Client Base: 35.7 million, up 4.8% QoQ and 21.0% YoY

    • Gross Client Acquisition: 1.75 million clients in Q3 FY26

    • Wealth AUM: ₹82.2 bn, up 33.7% QoQ

  • January 16, 2026 09:27

    Q3 results live: Key results to watch out for the day

    Results Today

    Reliance Industries, Wipro, Tech Mahindra, Tata Technologies, Bajaj Healthcare, Central Bank of India, Federal Bank, Geojit Financial Services, JB Chemicals & Pharmaceuticals, Jindal Saw, JSW Infrastructure, Kesoram Industries, L&T Finance, Polycab India, Poonawalla Fincorp, Sobha, and Leela Palaces Hotels & Resorts will release their quarterly results today.

Published on January 16, 2026



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BMC, Maharashtra Civic Poll Results Live updates: Can the Uddhav-Raj Thackeray combination take on BJP-Shiv Sena Mahayuti?

BMC, Maharashtra Civic Poll Results Live updates: Can the Uddhav-Raj Thackeray combination take on BJP-Shiv Sena Mahayuti?


Mumbai, Jan 15 (ANI): Voters wait in a queue to cast their vote for Municipal Corporation Elections, in Mumbai on Thursday. (ANI Photo)

| Photo Credit:
ANI

MC, Maharashtra Poll Results live: Follow minute-by-minute updates on counting, ward-wise trends, party leads, victories and key reactions from across the state.

  • January 16, 2026 07:39

    Stock market live today: A top-down take on TAM by Bernstein 

    Even if we assume ~40 GW/yr of AC solar capacity addition

    in India (we think land-grid and solar demand growth will constraint this). Assuming steady-

    state ROE of ~15-20% and 60% utilisation, it implies a profit pool of ~Rs 110-150 Bn for

    the entire cell-module space. Waaree Energies already generating ~Rs 33 Bn in profits,

    hence even if consider 6 big players surviving till the end – we don’t see a lot of room for a

    profit increase.

  • January 16, 2026 07:38

    BMC poll results live: Mumbai civic polls see 41% turnout as Mahayuti, Thackeray cousins lock horns for BMC control

    As per official data, 41.08 per cent of eligible voters in Mumbai, which has over one crore electors, had cast their ballots till 3.30 pm. The data showed that ward number 114 in suburban Bhandup recorded the highest turnout at 53.34 per cent, while ward number 227 in Colaba, south Mumbai, reported the lowest turnout at 15.73 per cent.

    On Thursday, the spotlight was on Mumbai, where the BJP-led Mahayuti alliance was locked in an intense battle with the reunited Thackeray cousins for control of India’s largest and richest civic body.

    In the Brihanmumbai Municipal Corporation (BMC), which has an annual budget of over Rs 74,400 crore, about 1,700 candidates are in the fray for 227 seats in elections held after a four-year delay.

  • January 16, 2026 07:34

    BMC results live: Around 50% polling recorded in Mumbai, 28 Maharashtra civic bodies amid clashes

    Around 50 per cent polling was recorded in Mumbai and 28 other municipal corporations in Maharashtra on Thursday amid sporadic clashes, while a major controversy erupted over claims that the ink applied on voters’ fingers could be easily removed.

    The polling day saw clashes among groups, allegations of bogus voting and distribution of cash as well as glitches in EVMs.

    Speaking shortly after voting ended at 5.30 pm, State Election Commissioner Dinesh Waghmare said the turnout in the 29 civic bodies was in the 46 per cent-50 per cent range.

Published on January 16, 2026



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नहीं हटनी चाहिए नजर! आज इन स्टॉक्स में दिखेगी हलचल, देखें लिस्ट कहीं मुनाफे से चूक न जाएं आप

नहीं हटनी चाहिए नजर! आज इन स्टॉक्स में दिखेगी हलचल, देखें लिस्ट कहीं मुनाफे से चूक न जाएं आप


Stocks to watch today: आज शुक्रवार, 16 जनवरी को हफ्ते का आखिरी कारोबारी दिन है. इस दौरान भारतीय शेयर बाजार के सावधानी बरतते हुए खुलने की उम्मीद जताई जा रही है. बुधवार को बेंचमार्क इंडेक्स में तेज गिरावट और गुरुवार को कई कंपनियों के तिमाही नतीजे के बाद व एशियाई बाजारों से मिले मिले-जुले संकेतों के चलते निवेशक आज अधिक सतर्क नजर आ सकते हैं.

बुधवार को निफ्टी 50 और सेंसेक्स दोनों लाल निशान में बंद हुए. एक तरफ निफ्टी 50 66.70 अंक या 0.26 परसेंट लुढ़ककर 25,665.60 पर बंद हुआ, जबकि सेंसेक्स 244.98 अंक या 0.29 परसेंट गिरकर 83,382.71 पर बंद  हुआ. कुल मिलाकर बुधवार और गुरुवार के माहौल का असर आज कुछ स्टॉक्स पर देखने को मिल सकता है. 

Infosys

इंफोसिस के शेयर आज फोकस में रहेंगे क्योंकि इस आईटी कंपनी ने 14 जनवरी को वित्त वर्ष 2025-26 की तीसरी तिमाही के नतीजे जारी किए. इस दौरान कंपनी का रेवेन्यू पिछली तिमाही के मुकाबले 2.2 परसेंट बढ़कर 45479 करोड़ रुपये तक पहुंच गया, जबकि नेट प्रॉफिट 9.6 परसेंट घटकर  6654 करोड़ रुपये हो गया, जबकि पिछले तिमाही में यह 7364 करोड़ रुपये था.

कंपनी का कहना है कि नए लेबर कोड के लागू होने के बाद ग्रैच्युटी और लीव लाइबिलिटी में भारी एडजस्टमेंट के चलते  (exceptional charge) विशेष खर्च बढ़ा है, जिससे मुनाफे में कमी आई है.

L&T Technology Services

L&T टेक्नोलॉजी सर्विसेज के शेयर पर भी आज निवेशकों की नजरें टिकी रहेंगी क्योंकि बीते गुरुवार को कारोबारी साल 2025-26 की तीसरी तिमाही (Q3) के लिए जारी नतीजे में  कंपनी का नेट प्रॉफिट 303 करोड़ रुपये रहा, जो पिछले साल के 329 करोड़ रुपये के मुकाबले 7.9 परसेंट कम है. इसके भी मुनाफे पर भी 35.4 करोड़ रुपये के वन-टाइम लेबर कोड लागू करने का असर पड़ा.

Jio Financial Services

जियो फाइनेंशियल सर्विसेज के शेयर की कीमत शुक्रवार को फोकस में रहेगी क्योंकि दिसंबर तिमाही में जियो प्लेटफॉर्म्स का नेट प्रॉफिट 26 परसेंट उछलकर 6861 करोड़ हो गया, जबकि 19.4 परसेंट चढ़कर 33074 करोड़ रुपये तक पहुंच गया. इस दौरान जियो के ग्राहकों की संख्या भी बढ़कर  48.2 करोड़ हो गई.  

Waaree Renewables

वारी रिन्यूएबल एनर्जीज के शेयर भी आज निवेशकों के फोकस में रहेंगे इसे टर्नकी बेसिस पर 25MWac/35MWp सोलर प्रोजेक्ट के लिए 102.75 करोड़ रुपये का ऑर्डर मिला है. प्रोजेक्ट 2026-27 तक पूरा होने की उम्मीद है. 

NTPC

पावर सेक्टर की सरकारी कंपनी NTPC ने गुरुवार को कहा कि उसकी सब्सिडियरी कंपनी NTPC रिन्यूएबल एनर्जी ने राजस्थान में अपने 500 MW भादला सोलर प्रोजेक्ट से 13 जनवरी से 300 MW बिजली की कमर्शियल सप्लाई शुरू कर दी है. इस खबर का आज इसके शेयरों पर असर दिख सकता है.

Groww

शेयर भी फोकस में रहेगा क्योंकि कंपनी ने बुधवार को अपने तीसरी तिमाही के नतीजे घोषित किए। कंपनी ने यह भी कहा कि US-बेस्ड एसेट मैनेजर स्टेट स्ट्रीट इन्वेस्टमेंट मैनेजमेंट, Groww एसेट मैनेजमेंट में USD 65 मिलियन (580 करोड़ रुपये) में 23 परसेंट हिस्सेदारी खरीदेगी.

HDFC Life

गुरुवार को कंपनी के तीसरी तिमाही के नतीजे आने के बाद शुक्रवार को HDFC लाइफ के शेयर भी फोकस में रहेंगे. कंपनी का प्रीमियम इक्विवेलेंट सालाना आधार पर 11 परसेंट बढ़कर 3,974 करोड़ रुपये हो गया. वहीं, नए बिजनेस की वैल्यू सालाना आधार पर 3 परसेंट चढ़कर 930 करोड़ रुपये हो गई. Q3 FY26  HDFC Life का कंसोलिडेटेड प्रॉफिट आफ्टर टैक्स 418.2 करोड़ रुपये दर्ज किया गया, जो पिछले साल की इसी अवधि के 421.3 करोड़ रुपये के मुकाबले लगभग स्थिर है.

डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)

ये भी पढ़ें:

कर लें पूरी तैयार… बोनस-डिविडेंड के ऐलान से शुक्रवार को इन शेयरों में दिख सकती है हलचल, जानें डिटेल 



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Supreme Court stays SASTRA eviction, orders Tamil Nadu Govt review

Supreme Court stays SASTRA eviction, orders Tamil Nadu Govt review


While noting that encroachment on public land cannot be encouraged, the bench emphasised that SASTRA performs a public welfare function and that its functioning should not be disrupted meanwhile. The dispute involves 31.37 acres integrated with the university’s campus.
| Photo Credit:
SHASHI SHEKHAR KASHYAP

The Supreme Court on Thursday stayed a Madras High Court direction ordering the eviction of Shanmugha Arts, Science, Technology & Research Academy (SASTRA) from government land in Thanjavur, saying the Tamil Nadu government should not make a dispute of a “prestige issue.”

A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vijay Bishnoi asked the state government, represented by senior advocate Rakesh Dwivedi, to set up a high-powered committee of three senior state officials to consider SASTRA’s representation and accord the institution a hearing before deciding the issue in four weeks.

Asking the state to act “sensitively” while dealing with public educational institutions, the bench said till the time the representation is decided by the panel, the functioning of the institution should not be hindered.

Notes encroachment, but emphasises welfare role

The bench, however, noted that the encroachment on public land cannot be encouraged.

The present case involved a public educational institution performing a welfare function and not a commercial enterprise, it said, adding that a welfare state must take into account the role played by such institutions in furthering public interest.

“The land has been utilised for decades by a university performing a public function. States must be sensitive in dealing with such institutions,” the bench said, granting interim relief to SASTRA.

The interim order came on an appeal filed by SASTRA challenging the Madras High Court judgment of January 9.

The high court had upheld the state’s decision rejecting the university’s request for assignment or exchange of government land and directed implementation of an eviction notice within four weeks.

Land dispute centres on 31.37 acres within campus

At the heart of the dispute is 31.37 acres of government land that is interspersed with and contiguous to SASTRA’s own patta land.

According to the university, the disputed land forms an inseparable part of its campus that houses academic buildings, hostels, utility infrastructure, and has access roads.

In its plea before the top court, SASTRA contended that enforcement of the high court’s eviction order would severely disrupt the functioning of the university and affect more than 12,000 students enrolled across disciplines, including law, engineering, sciences, management and liberal arts.

Long legal trail from 2018 to 2026 verdict

The top court had in 2018 had dismissed a plea of SASTRA.

The bench had, however, granted liberty to the university to submit representations to the state authorities seeking regularisation or alternative relief.

Pursuant to the order, SASTRA submitted several representations between 2018 and 2021, including proposals for the exchange of alternative land parcels.

Although the Tamil Nadu government constituted a committee to examine the issue, the representations were ultimately rejected in 2022.

The rejection was followed by an eviction notice on February 25, 2022, prompting SASTRA to approach the Madras High Court.

While those writ petitions were pending, the high court passed interim orders on August 8, 2022 and September 6, 2022, recording that classrooms and hostels were functioning on the disputed land.

The court placed the land under its own control pending final adjudication, restrained further construction, and clarified that students’ education would not be disrupted, though continued use was made subject to the outcome of the case.

High court eviction order triggers appeal

On January 9, 2026, the high court dismissed the writ petitions, upheld the state’s rejection of SASTRA’s representations and directed eviction.

The university has stated that government officials came to the campus the very next day to assert control over portions of the disputed land.

The SASTRA is a prominent private deemed university in Thanjavur’s Thirumalaisamudram.

Published on January 15, 2026



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