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India Buying More Oil From Russia Vs November, Says Hardeep Puri; Allays Shortage Concerns

Amid concerns over disruptions in global energy markets following escalating tensions in West Asia, Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday sought to reassure consumers, asserting that India remains well-positioned in terms of energy security and fuel availability. Speaking to NDTV, Puri said India is currently purchasing significantly more crude oil from Russia compared with November last year and has successfully diversified its sourcing strategy by importing crude from as many as 41 countries.  The minister stressed that the country's energy requirements remain adequately met despite ongoing geopolitical uncertainties. Puri credited the leadership of Prime Minister Narendra Modi for ensuring both the availability and affordability of fuel for Indian consumers. ALSO READ: ' Avoid Travel To Iran': Indian Embassy In Tehran Issues Fresh Advisory He noted that the government has consistently prioritised shielding citizens from the impact of g...
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5 Facts About UK Tech Tycoon Missing Since Yacht Sank Off In Italy

A superyacht which belonged to the family of UK businessman Mike Lynch sank off Italian island Sicily yesterday. Six people including Mike Lynch, his 18-year-old daughter, Morgan Stanley International chairman Jonathan Bloomer, Clifford Chance lawyer Chris Morvillo, and their wives, have been missing since the yacht sank.

Mike Lynch was hosting his friends and family on the 56-metre luxury yacht called "Bayesian" to celebrate his win in a big US fraud case when the tragedy happened, according to news agency AFP. A total of 22 people were aboard the boat. Mike Lynch's wife Angela Bacares is among the fifteen people who were rescued before the yacht sank.

Here are 5 facts about UK tycoon Mike Lynch: 

  • Mike Lynch was born in 1965 and was raised in Chelmsford town near London. His mother was a nurse and father was a fireman. 
  • Mike Lynch went to Cambridge University where he studied physics, mathematics and biochemistry. He then went on to research signal processing for his PhD. His thesis is considered to be ground-breaking and is reportedly widely consulted in the university's library.
  • Mike Lynch founded UK's largest software firm, Autonomy, in 1996, which searched and organised data using patented algorithms. He was called Britain's Bill Gates. 
  • Fifteen years later, in 2001, Mike Lynch sold Autonomy to HP for $11 billion. Later, HP accused Lynch of fraud which lead to a decade-long trial. In June this year, after 12 year-long trial, Lynch was acquitted of all charges by a jury in San Francisco.
  • After selling Autonomy, Mike Lynch set up venture capital firm Invoke, which backed big companies such as cyber security company Darktrace, software firm Featurespace and more.

With agency inputs



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