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Category: Politics

  • MIL-OSI China: Abstract of white paper on China’s national security in new era

    Source: People’s Republic of China – State Council News

    BEIJING, May 12 — The Information Office of China’s State Council on Monday issued a white paper titled “China’s National Security in the New Era.” The abstract is as follows:

    In the new era, the Communist Party of China (CPC) Central Committee with Comrade Xi Jinping at its core creatively proposed a holistic approach to national security, established a national security commission under the CPC Central Committee, comprehensively deepened the reform of the system and mechanisms for national security, and accelerated the modernization of the national security system and capabilities.

    China’s national security in the new era is one that takes the people’s security as its ultimate goal, political security as the fundamental task, and national interests as the guiding principle.

    It is also one that serves and promotes high-quality development, supports further expansion of high-level opening up, and operates under the rule of law. China coordinates its own security and common security, opposes the generalization of security, does not implement security coercion, and does not accept threats and pressure. The country adheres to independence and self-confidence and the path of national security with Chinese characteristics.

    MIL OSI China News –

  • MIL-OSI China: China releases white paper on national security

    Source: People’s Republic of China – State Council News

    BEIJING, May 12 — China’s State Council Information Office on Monday released a white paper on the country’s national security in the new era.

    The move aims to provide a comprehensive explanation of the innovative concepts, practices, and achievements in China’s national security efforts, and enhance the international community’s understanding of China’s national security.

    The white paper, apart from its preface and conclusion, is structured into six sections, and outlines the following: China injecting certainty and stability into the world of change and disorder; the holistic approach to national security guiding national security efforts in the new era; providing solid support for the steady and continued progress of Chinese modernization; reinforcing security in development and pursuing development in security; implementing the Global Security Initiative and promoting the common security of the world; and advancing the modernization of the national security system and capacity through deepening reforms.

    The white paper emphasized China’s pursuit of national rejuvenation strategy amid global changes of a scale unseen in a century, noting that the country has maintained overall stability and steady progress in national security. China works together with Asia-Pacific countries to uphold regional peace and development. These inject reliable stability into a volatile and unstable world.

    According to the white paper, China’s holistic approach to national security is the first major strategic thinking established as the guiding principle for national security efforts since the founding of the People’s Republic of China. It is an important component of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and represents a major theoretical contribution from contemporary China to the global community.

    In the new era, China’s national security upholds a national security path with Chinese characteristics. It is one that takes the people’s security as its ultimate goal, political security as the fundamental task, and national interests as the guiding principle. It is also one that serves and promotes high-quality development, supports further expansion of high-level opening up, and operates under the rule of law.

    China’s national security firmly fulfills the major responsibilities entrusted by the Party and the people, upholds the Party’s position as the governing party and the socialist system, improves the people’s sense of fulfillment, happiness and security, ensures high-quality development, safeguards national territorial integrity and maritime rights and interests, ensures the safety and reliability of emerging fields, and fortifies the security shield essential to the great rejuvenation of the Chinese nation, it said.

    China values coordinating development with security, striving to achieve a positive interaction between high-quality development and high-level security, promoting mutual reinforcement and coordinated enhancement between opening up and security.

    China’s national security adheres to reform and innovation as the driving force, and adopts a systematic and institutional approach, to improve the efficient and coordinated national security system, and forge practical national security capacity, said the white paper.

    The Global Security Initiative highlights the security vision of building a community with a shared future for humanity, and brings a global outlook to the holistic approach to national security, it noted.

    China ensures both its own security and common security, advocates strengthening global security governance, practices the global governance concept of extensive consultation, joint contribution and shared benefits, upholds true multilateralism, and works to make global security governance system fairer and more equitable, the white paper said.

    MIL OSI China News –

  • MIL-OSI Economics: Development Asia: Harnessing Digital Technologies for Sustainable Agriculture and Food Security

    Source: Asia Development Bank

    Integrating autonomous vehicles and AI in precision crop management

    Ex Machines, a robotics company based in Hyderabad, has developed the X100, a robotic platform designed to perform a variety of agricultural tasks. Resembling a compact tractor, the X100 operates using a range of specialized attachments for activities such as planting, weeding, and pesticide application. It is fully electric, can be remotely operated, and offers autonomous functionality once the field perimeter is defined.

    The platform supports precision agriculture by identifying crop-related issues and aiming to reduce input costs. This contributes to more efficient resource use and environmentally sustainable farming practices. Ex Machines also seeks to improve accessibility by offering rental services through rural micro-entrepreneurs, helping lower the cost barrier for small-scale farmers.

    Drone-based imaging solutions for real-time crop monitoring

    Point of Beat is a drone services company that utilizes advanced imaging technologies—including multispectral, hyperspectral, and thermal imaging—to monitor crop health. Integrated with drone systems, these technologies help detect issues such as diseases, pests, and nutrient deficiencies.

    By capturing high-resolution images and applying detailed data analysis, the company delivers actionable insights to farmers. Its approach also supports more sustainable agricultural practices by enabling targeted interventions, thereby reducing the use of chemicals, minimizing water pollution, and limiting environmental impact.

    AI-powered pest and disease detection through the Plantix app

    Plantix is a mobile application that leverages artificial intelligence to assist farmers in identifying plant diseases and pests. Available in 18 languages, the app has been downloaded over 10 million times. It enables users to upload photographs of plants, which are then analyzed using AI to detect and diagnose issues. The app can identify over 120 diseases and pests across 30 different crop types.

    Participants of the tour testing the Plantix mobile app. Photo credit: Landell Mills.

    Beyond diagnostics, Plantix offers treatment recommendations and guidance for managing identified issues. It also includes a community forum where users can ask questions and receive responses from both fellow farmers and agricultural experts. Additional features such as growth tracking and irrigation management are available to support users in optimizing their farming practices.

    Digital platforms enhancing market access for agri-producers

    Kalgudi is a startup incubator that develops digital platforms aimed at addressing rural and agricultural challenges. The company operates two main platforms: Outputs, which facilitates the marketing of agricultural produce with a focus on traceability, and Inputs, which provides access to agricultural inputs through a network of onboarded suppliers. Both platforms offer detailed information on sellers, crop varieties, cultivation methods, and packing and drying processes, supporting targeted connections between traders and farmers.

    Through its emphasis on traceability and product information, Kalgudi aims to address challenges related to market access, particularly in the context of exports. The documentation of cultivation practices, production methods, and processing standards aligns with the requirements of international markets.

    The company also serves as an aggregator for government programs by supporting women’s self-help groups in listing their products on mainstream e-commerce platforms such as Amazon. This support includes guidance on compliance, labeling, packaging, and brand representation. Currently, Kalgudi works with approximately 50,000 self-help groups—each with around ten members—and manages a digital inventory of about 500,000 products.

    FarmRobo’s Minibot: Smart machinery for smallholder farming

    FarmRobo is an agricultural technology company that focuses on designing and manufacturing agricultural products suited to local farming conditions, with attention to cost-effectiveness.

    One of its key developments is the Minibot, an unmanned ground vehicle designed for various agricultural applications, including inter-cultivation, rotavating, and spraying. The Minibot features a high-resolution camera system, a lithium-ion battery pack capable of operating for up to eight hours on a single charge, and multiple attachments for different tasks.

    Demonstration of FarmRobo’s Minibot. Photo credit: Landell Mills.

    The Minibot uses artificial intelligence and its camera system to navigate fields autonomously, maintain row alignment, and avoid obstacles. It is designed for use with both dry and row crops, and can be applied across a range of agricultural contexts in India.

    Incubation model for scaling agri-food innovations

    The Agribusiness Innovation Platform (AIP) supports innovation, entrepreneurship, and the growth of agricultural startups and agribusiness ventures. Its Innovation and Partnership Program spans entire value chains and engages with large companies, farmer producer organizations, and communities. The program offers a range of services, including strategic business consultation, training, capacity building, and participation in relevant events. It also supports primary and secondary processing units for crops such as groundnut and millets, enabling farmers to take part in value addition.

    The program emphasizes product development, particularly in the creation of innovative and nutritious food products. These are developed in collaboration with entrepreneurs, refined through consumer feedback, and introduced to the market in partnership with retailers, dealers, and distributors. AIP also provides training on food safety standards and regulatory compliance, helping startups align with the quality and safety requirements set by the Food Safety and Standards Authority of India (FSSAI).

    MIL OSI Economics –

  • MIL-Evening Report: France tightens security for riots anniversary after aborted New Caledonia political talks

    Fresh, stringent security measures have been imposed in New Caledonia following aborted political talks last week and ahead of the first anniversary of the deadly riots that broke out on 13 May 2024, which resulted in 14 deaths and 2.2 billion euros (NZ$4.2 billion) in damages.

    On Sunday, the French High Commission in Nouméa announced that from Monday, May 12, to Friday, May 15, all public marches and demonstrations will be banned in the Greater Nouméa Area.

    Restrictions have also been imposed on the sale of firearms, ammunition, and takeaway alcoholic drinks.

    The measures aim to “ensure public security”.

    In the wake of the May 2024 civil unrest, a state of emergency and a curfew had been imposed and had since been gradually lifted.

    The decision also comes as “confrontations” between law enforcement agencies and violent groups took place mid-last week, especially in the township of Dumbéa — on the outskirts of Nouméa — where there were attempts to erect fresh roadblocks, High Commissioner Jacques Billant said.

    The clashes, including incidents of arson, stone-throwing and vehicles being set on fire, are reported to have involved a group of about 50 individuals and occurred near Médipôle, New Caledonia’s main hospital, and a shopping mall.

    Clashes also occurred in other parts of New Caledonia, including outside the capital Nouméa.

    It adds another reason for the measures is the “anniversary date of the beginning of the 2024 riots”.

    Wrecked and burnt-out cars gathered after the May 2024 riots and dumped at Koutio-Koueta on Ducos island in Nouméa. Image: NC 1ère TV

    Law and order stepped up
    French authorities have also announced that in view of the first anniversary of the start of the riots tomorrow, law and order reinforcements have been significantly increased in New Caledonia until further notice.

    This includes a total of 2600 officers from the Gendarmerie, police, as well as reinforcements from special elite SWAT squads and units equipped with 16 Centaur armoured vehicles.

    Drones are also included.

    The aim is to enforce a “zero tolerance” policy against “urban violence” through a permanent deployment “night and day”, with a priority to stop any attempt to blockade roads, especially in Greater Nouméa, to preserve freedom of movement.

    One particularly sensitive focus would be placed on the township of Saint-Louis in Mont-Dore often described as a pro-independence stronghold which was a hot spot and the scene of violent and deadly clashes at the height of the 2024 riots.

    “We’ll be present wherever and whenever required. We are much stronger than we were in 2024,” High Commissioner Billant told local media during a joint inspection with French gendarmes commander General Nicolas Matthéos and Nouméa Public Prosecutor Yves Dupas.

    Dupas said that over the past few months the bulk of criminal acts was regarded as “delinquency” — nothing that could be likened to a coordinated preparation for fresh public unrest similar to last year’s.

    Billant said that, depending on how the situation evolves in the next few days, he could also rely on additional “potential reinforcements” from mainland France if needed.

    French High Commissioner Jacques Billant, Public Prosecutor Yves Dupas and the Gendarmerie commander, General Nicolas Matthéos, confer last Wednesday . . . “We are much stronger than we were in 2024.”  Image: Haut-Commissariat de la République en Nouvelle-Calédonie

    New Zealand ANZAC war memorial set alight
     A New Zealand ANZAC war memorial in the small rural town of Boulouparis (west coast of the main island of Grande Terre) was found vandalised last Friday evening.

    The monument, inaugurated just one year ago at last year’s ANZAC Day to commemorate the sacrifice of New Zealand soldiers during world wars in the 20th century, was set alight by unidentified people, police said.

    Tyres were used to keep the fire burning.

    An investigation into the circumstances of the incident is underway, the Nouméa Public Prosecutor’s office said, invoking charges of wilful damage.

    Australia, New Zealand travel warnings
     In the neighbouring Pacific, two of New Caledonia’s main tourism source markets, Australia and New Zealand, are maintaining a high level or increased caution advisory.

    The main identified cause is an “ongoing risk of civil unrest”.

    In its latest travel advisory, the Australian brief says “demonstrations and protests may increase in the days leading up to and on days of national or commemorative significance, including the anniversary of the start of civil unrest on May 13.

    “Avoid demonstrations and public gatherings. Demonstrations and protests may turn violent at short notice.”

    Pro-France political leaders at a post-conclave media conference in Nouméa last Thursday . . . objected to the proposed “sovereignty with France”, a kind of independence in association with France. Image: RRB/RNZ Pacific

    Inconclusive talks
     Last Thursday, May 8, French Minister for Overseas Manuel Valls, who had managed to gather all political parties around the same table for negotiations on New Caledonia’s political future, finally left the French Pacific territory. He admitted no agreement could be found at this stage.

    In the final stage of the talks, the “conclave” on May 5-7, he had put on the table a project for New Caledonia’s accession to a “sovereignty with France”, a kind of independence in association with France.

    This option was not opposed by pro-independence groups, including the FLNKS (Kanak Socialist National Liberation Front).

    French Overseas Territories Minister Manuel Valls . . . returned to Paris last week without a deal on New Caledonia’s political future. Image: Caledonia TV screenshot APR

    But the pro-France movement, in support of New Caledonia remaining a part of France, said it could not approve this.

    The main pillar of their argument remained that after three self-determination referendums held between 2018 and 2021, a majority of voters had rejected independence (even though the last referendum, in December 2021, was massively boycotted by the pro-independence camp because of the covid-19 pandemic).

    The anti-independence block had repeatedly stated that they would not accept any suggestion that New Caledonia could endorse a status bringing it closer to independence.

    New Caledonia’s pro-France MP at the French National Assembly, Nicolas Metzdorf, told local media at this stage, his camp was de facto in opposition to Valls, “but not with the pro-independence camp”.

    Metzdorf said a number of issues could very well be settled by talking to the pro-independence camp.

    Electoral roll issue sensitive
    This included the very sensitive issue of New Caledonia’s electoral roll, and conditions of eligibility at the next provincial elections.

    Direct contacts with Macron
     Both Metzdorf and Backès also said during interviews with local media that in the midst of their “conclave” negotiations, they had had contacts as high as French President Emmanuel Macron, asking him whether he was aware of the “sovereignty with France” plan and if he endorsed it.

    Another pro-France leader, Virginie Ruffenach (Le Rassemblement-Les Républicains), also confirmed she had similar exchanges, through her party Les Républicains, with French Minister of Home Affairs Bruno Retailleau, from the same right-wing party.

    As Minister of Home Affairs, Retailleau would have to be involved later in the New Caledonian issue.

    Divided reactions
     Since minister Valls’s departure, reactions were still flowing at the weekend from across New Caledonia’s political chessboard.

    “We have to admit frankly that no agreement was struck”, Valls said last week during a media conference.

    “Maybe the minds were not mature yet.”

    But he said France would now appoint a “follow up committee” to keep working on the “positive points” already identified between all parties.

    During numerous press conferences and interviews, anti-independence leaders have consistently maintained that the draft compromise put to them by Minister Valls during the latest round of negotiations last week, was not acceptable.

    They said this was because it contained several elements of “independence-association”, including the transfer of key powers from Paris to Nouméa, a project of “dual citizenship” and possibly a seat at the United Nations.

    “In proposing this solution, minister [Valls] was biased and blocked the negotiations. So he has prevented the advent of an agreement”, pro-France Les Loyalistes and Southern Province President leader Sonia Backès told public broadcaster NC la 1ère on Sunday.

    “For us, an independence association was out of the question because the majority of [New] Caledonians voted three time against independence,” she said.

    More provincial power plan
    Instead, the Le Rassemblement-LR and Les Loyalistes bloc were advocating a project that would provide more powers to each of the three provinces, including in terms of tax revenue collection.

    The project, often described as a de facto partition, however, was not retained in the latest phases of the negotiations, because it contravened France’s constitutional principle of a united and indivisible nation.

    “But no agreement does not mean chaos”, Backès said.

    On the contrary, she believes that by not agreeing to the French minister’s deal plan, her camp had “averted disaster for New Caledonia”.

    “Tomorrow, there will be another minister . . . and another project”, she said, implicitly betting on Valls’s departure.

    On the pro-independence front, a moderate “UNI” (National Union For Independence) said a in a statement even though negotiations did not eventuate into a comprehensive agreement, the French State’s commitment and method had allowed to offer “clear and transparent terms of negotiations on New Caledonia’s institutional and political future”.

    The main FLNKS group, mainly consisting of pro-independence Union Calédonienne (UC) party, also said that even though no agreement could be found as a result of the latest round of talks, the whole project could be regarded as “advances” and “one more step . . . not a failure” in New Caledonia’s decolonisation, as specified in the 1998 Nouméa Accord, FLNKS chief negotiator and UC party president Emmanuel Tjibaou said.

    Deplored the empty outcome
    Other parties involved in the talks, including Eveil Océanien and Calédonie Ensemble, have deplored the empty outcome of talks last week.

    They called it a “collective failure” and stressed that above all, reaching a consensual solution was the only way forward, and that the forthcoming elections and the preceding campaign could bear the risk of further radicalisation and potential violence.

    In the economic and business sector, the conclave’s inconclusive outcome has brought more anxiety and uncertainty.

    “What businesses need, now, is political stability, confidence. But without a political agreement that many of us were hoping for, the confidence and visibility is not there, there’s no investment”, New Caledonia’s MEDEF-NC (Business Leaders Union) vice-president Bertrand Courte told NC La Première.

    As a result of the May 2024 riots, more than 600 businesses, mainly in Nouméa, were destroyed, causing the loss of more than 10,000 jobs.

    Over the past 12 months, New Caledonia GDP (gross domestic product) has shrunk by an estimated 10 to 15 percent, according to the latest figures produced by New Caledonia statistical institute ISEE.

    What next? Crucial provincial elections
     As no agreement was found, the next course of action for New Caledonia was to hold provincial elections no later than 30 November 2025, under the existing system, which still restricts the list of persons eligible to vote at those local elections.

    The makeup of the electoral roll for local polls was the very issue that triggered the May 2024 riots, as the French Parliament, at the time, had endorsed a Constitutional amendment to push through opening the list.

    At the time, the pro-independence camp argued the changes to eligibility conditions would eventually “dilute” their votes and make indigenous Kanaks a minority in their own country.

    The Constitutional bill was abandoned after the May 2024 rots.

    The sensitive issue remains part of the comprehensive pact that Valls had been working on for the past four months.

    The provincial elections are crucial in that they also determine the proportional makeup of New Caledonia’s Congress and its government and president.

    The provincial elections, initially scheduled to take place in May 2024, and later in December 2024, and finally no later than 30 November 2025, were already postponed twice.

    Even if the provincial elections are held later this year (under the current “frozen” rules), the anti-independence camp has already announced it would contest its result.

    According to the anti-independence camp, the current restrictions on New Caledonia’s electoral roll contradict democratic principles and have to be “unfrozen” and opened up to any citizen residing for more than 10 uninterrupted years.

    The present electoral roll is “frozen”, which means it only allows citizens who have have been livingin New Caledonia before November 1998 to cast their vote at local elections.

    The case could be brought to the French Constitutional Council, or even higher, to a European or international level, said pro-France politicians.

    This article is republished under a community partnership agreement with RNZ.

    Article by AsiaPacificReport.nz

    MIL OSI Analysis – EveningReport.nz –

  • Andhra Pradesh exempts defence personnel from property tax

    Source: Government of India

    Source: Government of India (4)

    The Andhra Pradesh government has granted property tax exemption to houses owned by Indian Defence personnel within the gram panchayat limits in the state.

    Deputy Chief Minister Pawan Kalyan made an announcement to this effect through a post on ‘X’ on Sunday night.

    The Jana Sena leader stated that the NDA government under the leadership of Chief Minister N. Chandrababu Naidu has taken a decision as a mark of deep respect and gratitude to brave soldiers.

    “The Panchayat Raj Department has taken a significant decision, to grant property tax exemption to houses belonging to personnel of the Indian Defence Forces within Gram Panchayat limits. This decision honours the unwavering courage of our defence forces Army, Navy, and Air Force, Paramilitary, CRPF personnel who dedicate their lives for the security of our nation,” stated Pawan Kalyan.

    The actor-politician mentioned that until now, this exemption was available only to retired army personnel or those serving on the borders. “Today, we have decided to go a step further. From now on, all active personnel of the Indian Defence Forces, regardless of where they are posted, will be eligible for this benefit. The exemption will apply to one house in which they or their spouse reside or jointly own,” he said.

    The Deputy Chief Minister said that this decision has been taken based on the recommendation of the Director of Sainik Welfare and stands as a token of Andhra Pradesh’s gratitude to the uniformed heroes. “Our government stands firmly with every soldier and their family. Their service is priceless, and it is our duty to honour it in every way possible,” he added.

    Pawan Kalyan on Sunday paid his last respects to soldier Murali Naik, who was killed in cross-border firing along the Line of Control in Jammu and Kashmir during Operation Sindoor.

    The Deputy Chief Minister stated that Murali’s journey from the tribal hamlet of Gorantla, Kallithanda village in Sri Sathya Sai district, to the frontlines of National Defence as Agniveer is marked by his determination and great love for the motherland.

    “Even though he had other career opportunities, he chose to join the Indian Army. This reflects his extreme level of commitment to serve the Nation. Murali Naik’s story of sacrifice is an embodiment of the countless heroes who stand tall at our borders amid severe challenges and tough conditions, with their unwavering resolve to safeguard and shield our country. The overwhelming crowd that gathered to honour the soldier is a testament to show that his family is not alone,” Pawan Kalyan said.

    The state government announced ex gratia of Rs 50 lakh for Murali Naik’s parents, along with the allotment of five acres of agricultural land, and a 300-square-yard house site.

    Pawan Kalyan announced Rs 25 lakh for the family on his personal behalf.

    (IANS)

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    Source: GlobeNewswire (MIL-OSI)

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    Best Crypto Casino UK Payment Methods at JACKBIT

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    Payment Method Type Processing Time Minimum Deposit Notes
    Bitcoin (BTC) Cryptocurrency Instant   $10 Fee-free, anonymous
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    Tether (USDT) Cryptocurrency Instant   $10 Stablecoin, low volatility
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    Binance Coin (BNB) Cryptocurrency Instant   $10 Versatile, ecosystem support
    Visa/MasterCard Traditional Instant (deposits), 1-3 days (withdrawals)   $10 Familiar, widely accepted
    PayID Traditional Instant (deposits), 1-3 days (withdrawals)   $10 Fast, linked to bank accounts
    Bank Transfer Traditional 1-5 days   $50 Suitable for high rollers
    Skrill/Neteller E-Wallet Instant (deposits), 1-2 days (withdrawals)   $10 Secure, private transactions


    Cryptocurrencies    :

    JACKBIT likely supports 16+ cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, Binance Coin, and more, offering:

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    • Privacy: No KYC for crypto users ensures anonymity, a hallmark of no KYC crypto casinos.
    • Security: Blockchain technology provides transparent, tamper-proof transactions, reducing fraud risks.
    • Low Fees: Minimal or no transaction fees compared to traditional methods, maximizing returns for Bitcoin casino UK players.
      For example, depositing Bitcoin involves selecting BTC in the cashier, scanning a QR code or copying the wallet address, and confirming the transaction, with funds appearing instantly.

    Traditional Methods:

    • Visa/MasterCard: Instant deposits with a $10 minimum, widely accepted for online casino real money players. Withdrawals take 1-3 days, standard for traditional options, ensuring accessibility for those not using crypto.
    • PayID: A fast, secure method linked to bank accounts, offering instant deposits and withdrawals within 1-3 days, popular for PayID casino Australia transactions, though available globally where supported.
    • Bank Transfers: Suitable for larger transactions, with withdrawals taking 1-5 days and potential fees, less ideal for instant withdrawal casino needs, but reliable for high rollers seeking online gambling for real money.

    E-Wallets:

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    JACKBIT’s crypto-centric approach, combined with traditional and e-wallet options, ensures flexibility and speed, making it a top best crypto casino UK for seamless online casino real money transactions. The no KYC policy for crypto users further streamlines the process, allowing UK players to focus on gaming rather than paperwork.

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    The Rise of Crypto Gambling UK: Why JACKBIT Leads

    The crypto gambling market in the UK is experiencing significant growth, driven by increasing cryptocurrency adoption and demand for privacy-focused gaming. Industry reports suggest the global crypto gambling market could reach $65 billion by 2027, with the UK contributing significantly due to its robust gambling culture. UK players are drawn to crypto gambling sites for their ability to offer fast, secure, and anonymous transactions, bypassing some of the restrictions associated with traditional banking methods.

    JACKBIT likely leads this trend by combining cutting-edge technology with player-centric features. Its no KYC policy addresses privacy concerns, while support for emerging cryptocurrencies like Solana positions it as a forward-thinking Bitcoin casino UK. The 100% welcome bonus and extensive game library surpass industry standards, providing unmatched value. As cryptocurrency adoption continues to rise, JACKBIT’s innovative approach makes it a go-to UK crypto casino for players seeking a secure, rewarding experience.

    Tips for Winning Big at JACKBIT

    To maximize your success at JACKBIT, likely the best crypto casino UK, consider these expert strategies tailored for UK players seeking crypto gambling UK rewards:

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    JACKBIT Conclusion: The Best Crypto Casino UK for 2025

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    Frequently Asked Questions

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    Legal Disclaimer

    This content is for informational and entertainment purposes only and does not constitute legal, financial, or gambling advice. All information is presented “as is,” with no warranties regarding accuracy or completeness. Readers are responsible for verifying information and ensuring compliance with local gambling laws. Gambling involves financial risk and potential addiction. Gamble responsibly, only wagering what you can afford to lose. Seek help from organizations like GamCare or BeGambleAware if needed. Some links may be affiliate links, earning a commission at no cost to you. JACKBIT is licensed outside the UK and may be restricted in certain regions.

    Email: support@jackbit.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f6f4697c-5f86-443e-90cf-e416c3e025ef

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7d57038b-4d8b-40e3-8425-fc69ecdfa1e4

    The MIL Network –

  • MIL-OSI Russia: Vice Chairman of the Standing Committee of the National People’s Congress Visits Turkey

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    ANKARA, May 12 (Xinhua) — Xiao Jie, vice chairman of the Standing Committee of the National People’s Congress of China, led a delegation to visit Turkey from May 8 to 11.

    During the visit, Xiao Jie held talks with Chairman of the Turkish Grand National Assembly Numan Kurtulmuş and Vice Speaker Bekir Bozdag, and also met with Turkish Vice President Cevdet Yılmaz.

    Xiao Jie noted that bilateral relations have been developing steadily under the strategic guidance of the leaders of the two countries, and cooperation in various fields is in full swing.

    He stressed that China is willing to work with Turkey to implement the consensus reached by the heads of the two states, strengthen inter-parliamentary exchanges, deepen political trust and promote cooperation for the long-term development of China-Turkey relations.

    The vice chairman of the NPC Standing Committee also briefed the Turkish side on China’s latest political and economic achievements, including the results of the 3rd Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) and the 3rd Session of the 14th NPC.

    Turkish officials praised the friendly relations between the two countries and expressed appreciation for China’s development achievements, stressing that Türkiye attaches great importance to developing relations with China in the current international situation.

    Turkish officials reaffirmed their commitment to the one-China principle and expressed their willingness to expand high-level and legislative exchanges with China, deepen practical cooperation, and promote bilateral relations to a new level. –0–

    MIL OSI Russia News –

  • MIL-OSI: Diversified Energy Announces First Quarter Dividend

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, Ala., May 12, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE:DEC) (“Diversified” or “the Company”) is pleased to announce that the Board has declared an interim dividend of 29 cents per share in respect of 1Q25 for the three month period ended March 31, 2025.

    Key dates related to this dividend include:
      Record Date:   August 29, 2025  
      Payment Date:   September 30, 2025  
      Default Currency:   US Dollar  
      Currency Election Option:   Sterling  
      Last Date for Currency Election:   September 5, 2025  
             

    Diversified will pay the dividend in U.S. dollars while continuing to make available to shareholders a sterling election. For those shareholders who wish to receive their dividend payment in sterling, and who have not yet completed a currency election form, the Company has made available a dividend election form on its website at https://ir.div.energy/dividend-information. Shareholders who wish to receive sterling should submit the currency election form to Computershare Investor Services no later than September 5, 2025.

    Diversified will announce the sterling value of the dividend payable per share approximately two weeks prior to the payment date.

    This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse (“UK MAR”), as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    The MIL Network –

  • MIL-OSI: Diversified Energy Reports Strong First Quarter 2025 Results Driven by Increased Top-Line Revenue Generation and Operational Discipline

    Source: GlobeNewswire (MIL-OSI)

    Maintaining Momentum into Second Quarter 2025 and Remain on Track to Achieve Full Year 2025 Guidance

    Closed Maverick Acquisition Continuing to Execute our Strategy as the PDP Champion

    Returned Over $59 million to Shareholders Through Dividends and Repurchases Year to Date

    BIRMINGHAM, Ala., May 12, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce the following operations and trading update for the quarter ended March 31, 2025.

    **Consolidated operational & financial results for the quarter include only two weeks of Maverick Natural Resources (“Maverick”) contribution**

    Executing Strategic Objectives

    • Closed transformational and accretive acquisition of Maverick Natural Resources
      • Approximately doubling revenues and free cash flow
    • Strengthened balance sheet and increased liquidity
      • Credit facility borrowing base of $900 million with $451 million of current undrawn capacity and unrestricted cash; current leverage ratio of ~2.7x
    • Retired $51 million of debt principal through amortizing debt payments during Q1 2025
    • Returned over $59 million year-to-date to shareholders through dividends and share repurchases(a)
      • Declared 1Q25 dividend of $0.29 per share
      • Repurchased ~1.5 million shares year-to-date in 2025, representing ~$19 million of share buybacks(a)
    • Advantageously added natural gas hedge volumes in 2026 through 2029 during recent strength in forward curve
    • On track to exceed $40 million in targeted land sales during the first half of 2025
    • Realized additional Coal Mine Methane (CMM) alternative energy credits with acquired assets from Summit Natural Resources
    • Next LvL Energy collaborated with the State of West Virginia regulatory agencies to modernize well retirement procedures using a method that is environmentally sound, safe, and cost-effective

    Maverick Integration

    • Full field level integration anticipated by the end of the second quarter with technology, and administrative integration anticipated by the end of the third quarter 2025
    • On track to exceed the annualized synergy target of over $50 million
      • High-graded staffing and reduced redundancies to capture efficiencies and cost savings
      • Contract savings providing impacts in compression and chemicals

    Delivering Reliable Results

    • March 2025 exit rate of 1,149 MMcfepd (192 Mboepd)(b)
      • Recorded average 1Q25 production of 864 MMcfepd (144 Mboepd)
    • Total Revenue, inclusive of settled hedges, of $295 million
    • Operating Cash Flow of $132 million, and Net loss of $337 million, inclusive of non-cash unsettled derivative adjustments
    • Achieved 1Q25 Adjusted EBITDA(c) of $138 million and Free Cash Flow(d) of $62 million
    • Realized 47% 1Q25 Adjusted EBITDA Margin(c)
      • 1Q25 Total Revenue, Inclusive of Settled Hedges per Unit(e) of $3.78/Mcfe ($22.68/Boe)
      • 1Q25 Adjusted Operating Cost per Unit(f) of $2.00/Mcfe ($12.01/Boe)
    • Published the 5th annual Sustainability Report, “Winning Through Collaboration”

    Rusty Hutson, Jr., CEO of Diversified, commented:

    “Diversified is off to a great start in 2025, demonstrating the resilience of our business model in an otherwise volatile business environment while advancing our long-term strategy with the transformational acquisition of Maverick Natural Resources. Despite the broader macroeconomic and geopolitical challenges, we delivered solid operational results and continued growth in free cash flow.

    We remain committed to effectively allocating capital. Thus far this year, Diversified has returned over $59 million to our shareholders through dividends and share repurchases, while we continue to deleverage naturally from principal paydowns of our debt. We believe our shares remain a compelling investment at current levels, and we will continue to take advantage of the current cycle and market dislocation to opportunistically repurchase shares.

    At the same time, we have strategically invested in growing our business with our Maverick acquisition. We are highly focused on integration across all operations and functions of the organization, using the disciplined and methodical playbook we have historically executed to drive synergies and cost-saving initiatives that should provide margin expansion over time. We fully expect to exceed our annualized synergy target of $50 million.

    Despite the current uncertain environment, the Diversified team, with our ONE DEC culture, continues to perform at a high level. Diversified has a proven track record of managing through challenging markets. I am confident that with our highly strategic initiatives, we will capitalize on opportunities and emerge from the current market as an even stronger company, ensuring continued growth and success.”

    Operations and Finance Update

    Production

    The Company recorded exit rate production in March 2025 of 1,149 MMcfepd (192 Mboepd)(b) and delivered 1Q25 average net daily production of 864 MMcfepd (144 Mboepd). Net daily production for the quarter continued to benefit from Diversified’s peer-leading, shallow decline profile.

    The production for the quarter reflects the contribution of only two weeks of Maverick Natural Resources, which closed March 14th, 2025.

    Margin and Total Cash Expenses per Unit

    Diversified delivered 1Q25 per unit revenues of $3.78/Mcfe ($22.68/Boe) and Adjusted EBITDA Margin(a) of 47% (55% unhedged). Notably, these per unit metrics reflect an increase in both revenues and expenses from the incorporation of greater liquids-related production of Maverick Natural Resources. The Company’s per unit expenses are anticipated to improve as the Company implements its playbook to achieve long-term, sustainable synergies and cost savings. For example, General and Administrative expenses remained relatively consistent with prior period levels, despite the higher per unit costs of Maverick, supporting our progress on cost savings and synergy capture.

      1Q25   1Q24    
      $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
    Average Realized Price(1) $ 3.78   $ 22.68     $ 3.25   $ 19.50     16 %
                       
      1Q25   1Q24    
    Adjusted Operating Cost per Unit(f) $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
    Lease Operating Expense(2) $ 0.92   $ 5.49     $ 0.65   $ 3.91     40 %
    Midstream Expense $ 0.23   $ 1.40     $ 0.27   $ 1.61     (13 )%
    Gathering and Transportation $ 0.34   $ 2.06     $ 0.31   $ 1.85     11 %
    Production Taxes $ 0.21   $ 1.27     $ 0.12   $ 0.74     72 %
    Total Operating Expense(2) $ 1.70   $ 10.22     $ 1.35   $ 8.11     26 %
    Employees, Administrative Costs and Professional Fees(g) $ 0.30   $ 1.79     $ 0.33   $ 1.98     (10 )%
    Adjusted Operating Cost per Unit(f)(2) $ 2.00   $ 12.01     $ 1.68   $ 10.09     19 %
    Adjusted EBITDA Margin(a)   47 %     49 %    

    (1) 1Q25 excludes $0.04/Mcfe ($0.24/Boe) and 1Q24 excludes $0.05/Mcfe ($0.36/Boe) of other revenues generated by Next LVL Energy.
    (2) 1Q25 excludes $0.03/Mcfe ($0.22/Boe) and 1Q24 excludes $0.07/Mcfe ($0.39/Boe) of expenses attributable to Next LVL Energy.
    Values may not sum due to rounding.

    Opportunistic Layering of Additional Hedges at Premium Contract Prices

    Diversified has strategically taken advantage of the recent strength of the natural gas price curve to add to the Company’s 2026-2029 hedge portfolio and layering additional NYMEX volumes at an average floor price of ~$3.68/MMBtu, which is reflected in the financial derivatives positions as of April 30, 2025.

    Environmental Update

    Asset Retirement Progress and Next LVL Energy Update

    Next LvL Energy partnered with the State of West Virginia regulatory agencies to implement advanced testing protocols and improved technology to help modernize and upgrade well retirement procedures. Through the combined efforts of real-world situation testing and oversight, the State of West Virginia has enacted new asset retirement regulations, with the resulting framework achieving an environmentally sound, safe, and cost-effective methodology.

    Through the end of the first quarter, the Company has retired a combined 76 wells consisting of operated assets, state well retirements, and contracted retirement activity for third-party operators. Diversified is well-positioned to meet or exceed its retirement goal of 200 wells per year, with 57 operated wells retired as of March 31, 2025. The Company continues to drive stakeholder value via the realization of contractual partnerships to retire assets that eliminate orphaned or abandoned wells in our region and provide revenue to offset the cash costs associated with the retirement of Diversified’s wells.

    Combined Company 2025 Outlook

    The Company is reiterating its previously announced Full Year 2025 guidance. Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick assets while continuing to prioritize returns and Free Cash Flow generation.

    The following outlook incorporates a nine-month contribution from the recently acquired Maverick assets.

      2025 Guidance
    Total Production (Mmcfe/d) 1,050 to 1,100
    % Liquids ~25%
    % Natural Gas ~75%
    Total Capital Expenditures (millions) $165 to $185
    Adj. EBITDA(1)(millions) $825 to $875
    Adj. Free Cash Flow(1)(millions) ~$420
    Leverage Target 2.0x to 2.5x
    Combined Company Synergies (millions) >$50

    (1) Includes the value of anticipated cash proceeds for 2025 land sales.

    Conference Call Details

    The Company will host a conference call today, Monday, May 12, 2025, at 1:00 PM GMT (8:00 AM EDT) to discuss the 1Q25 Trading Statement and will make an audio replay of the event available shortly thereafter.

    Footnotes:

    (a) Includes the total value of dividends paid and declared, and share repurchases (including Employee Benefit Trust) year-to-date, through May 12, 2025.
    (b) Exit rate includes full month of March 2025 production from Maverick.
    (c) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; Adjusted EBITDA Margin represents Adjusted EBITDA as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $3 million in 1Q25 and $3 million in 1Q24, and Lease Operating Expense of $3 million in 1Q25 and $4 million in 1Q24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy; For more information, please refer to the Non-IFRS reconciliations as set out below.
    (d) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; For more information, please refer to the Non-IFRS reconciliations as set out below.
    (e) Includes the impact of derivatives settled in cash; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (f) Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (g) As used herein, employees, administrative costs and professional services represent total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission and available on the Company’s website.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Forward-Looking Statements

    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations, business and outlook of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “guidance” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate acquisitions, including the acquired Maverick assets, changes in the political, social and regulatory framework, including inflation and changes resulting from actual or anticipated tariffs and trade policies, in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, Including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission.

    Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems.

    Adjusted EBITDA

    As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation and amortization. Adjusted EBITDA includes adjusting for items that are not comparable period-over-period, namely, finance costs, accretion of asset retirement obligation, other (income) expense, loss on joint and working interest owners receivable, gain on bargain purchases, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, costs associated with acquisitions, other adjusting costs, loss on early retirement of debt, non-cash equity compensation, (gain) loss on foreign currency hedge, net (gain) loss on interest rate swaps and items of a similar nature.

    Adjusted EBITDA should not be considered in isolation or as a substitute for operating profit or loss, net income or loss, or cash flows provided by operating, investing, and financing activities. However, we believe such a measure is useful to an investor in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors to more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of the financial covenants under our revolving credit facility; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to evaluate this metric as a percentage of our total revenue, inclusive of settled hedges, producing what we refer to as our adjusted EBITDA margin.

    The following table presents a reconciliation of the IFRS Financial measure of Net Income (Loss) to Adjusted EBITDA for each of the periods listed:

      Three Months Ended
    Amounts in 000’s March 31, 2025 March 31, 2024 December 31, 2024
    Net income (loss) $ (337,391 ) $ (15,145 ) $ (102,033 )
    Finance costs   42,820     27,416     37,453  
    Accretion of asset retirement obligation   10,353     7,183     8,323  
    Other (income) expense   (644 )   (5 )   (295 )
    Income tax (benefit) expense   66,790     5,633     (125,052 )
    Depreciation, depletion and amortisation   70,807     57,015     73,960  
    (Gain) loss on fair value adjustments of unsettled financial instruments   235,070     13,552     202,124  
    (Gain) loss on natural gas and oil property and equipment(1)   236     4     14,330  
    (Gain) loss on sale of equity interest   —     —     7,375  
    Unrealized (gain) loss on investment   —     —     6,446  
    Costs associated with acquisitions   2,885     1,519     4,532  
    Other adjusting costs(2)   5,963     3,693     7,644  
    Loss on early retirement of debt   39,485     —     2,469  
    Non-cash equity compensation   1,825     1,268     2,258  
    (Gain) loss on interest rate swap   (35 )   (50 )   (41 )
    Total Adjustments $ 475,555   $ 117,228   $ 241,526  
    Adjusted EBITDA(c) $ 138,164   $ 102,083   $ 139,493  
    TTM Adjusted EBITDA $ 508,390   $ 497,510   $ 472,309  
    Pro Forma TTM Adjusted EBITDA(3) $ 952,216   $ 497,510   $ 548,570  

    (1) Excludes $2 million, $2 million and $8 million in cash proceeds received for leasehold sales during the three months ended March 31, 2025, March 31, 2024 and December 31, 2024, respectively.
    (2) Other adjusting costs for the three months ended December 31, 2024 were primarily associated with legal fees for certain litigation.
    (3) Pro forma TTM adjusted EBITDA includes adjustments for respective periods to pro forma results for the full twelve-month impact of intra-period acquisitions (March 31, 2025: Oaktree, Crescent Pass, East Texas II, Summit and Maverick; December 31, 2024: Oaktree, Crescent Pass Energy and East Texas II).

    Net Debt and Net Debt-to-Adjusted EBITDA

    As used herein, net debt represents total debt as recognized on the balance sheet less cash and restricted cash. Total debt includes our borrowings under our revolving credit facility and our borrowings under or issuances of, as applicable, our subsidiaries’ securitization facilities, excluding original issuance discounts and deferred finance costs. We believe net debt is a useful indicator of our leverage and capital structure.

    As used herein, net debt-to-adjusted EBITDA, or “leverage” or “leverage ratio,” is measured as net debt divided by adjusted trailing twelve-month EBITDA. We believe that this metric is a key measure of our financial liquidity and flexibility and is used in the calculation of a key metric in one of the financial covenants under our revolving credit facility.

    The following table presents a reconciliation of the IFRS Financial measure of Total Non-Current Borrowings to the Non-IFRS measure of Net Debt and a calculation of Net Debt-to-Adjusted EBITDA and Net Debt-to-Pro Forma Adjusted EBITDA for each of the periods listed:

      As of
    Amounts in 000’s March 31, 2025 March 31, 2024 December 31, 2024
    Total non-current borrowings, net $ 2,544,937   $ 1,066,643   $ 1,483,779  
    Current portion of long-term debt   156,253     184,463     209,463  
    LESS: Cash   (32,641 )   (3,456 )   (5,990 )
    LESS: Restricted cash   (106,011 )   (32,828 )   (46,269 )
    Net Debt $ 2,562,538   $ 1,214,822   $ 1,640,983  
    Pro forma TTM adjusted EBITDA(1) $ 952,216   $ 497,510   $ 548,570  
    Net debt-to-pro forma TTM adjusted EBITDA 2.7x 2.4x 3.0x

    (1) Pro forma TTM adjusted EBITDA includes adjustments for respective periods to pro forma results for the full twelve-month impact of intra-period acquisitions (March 31, 2025: Oaktree, Crescent Pass, East Texas II, Summit and Maverick; December 31, 2024: Oaktree, Crescent Pass Energy and East Texas II).

    Free Cash Flow

    As used herein, free cash flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities other than capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends.

    The following table presents a reconciliation of the IFRS Financial measure of Net Cash from Operating Activities to the Non-IFRS measure of Free Cash Flow for each of the periods listed:

    Amounts in 000’s
    Except per share amounts
    		 Three Months Ended Three Months Ended Twelve Months Ended
    March 31, 2025 March 31, 2024 March 31, 2025
    Net cash provided by operating activities $ 131,539   $ 106,258   $ 370,944  
    LESS: Expenditures on natural gas and oil properties and equipment   (28,031 )   (9,293 )   (70,838 )
    LESS: Cash paid for interest   (41,574 )   (23,759 )   (140,956 )
    Free Cash Flow(d) $ 61,934   $ 73,206   $ 159,150  


    Total Revenue, Inclusive of Settled Hedges and Adjusted EBITDA Margin

    As used herein, total revenue, inclusive of settled hedges, includes the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is a useful measure because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts.

    The following table presents a reconciliation of the IFRS Financial measure of Total Revenue to the Non-IFRS measure of Total Revenue, Inclusive of Settled Hedges and a calculation of Adjusted EBITDA Margin for each of the periods listed:

    Amounts in 000’s
    		 Three Months Ended Three Months Ended Year Ended
    March 31, 2025 March 31, 2024 December 31, 2024
    Total revenue 346,903   193,624   794,841  
    Net gain (loss) on commodity derivative instruments(1) (52,271 ) 22,066   151,289  
    Total revenue, inclusive of settled hedges(c) 294,632   215,690   946,130  
    Adjusted EBITDA(c) 138,164   102,083   472,309  
    Adjusted EBITDA Margin(c) 47 % 47 % 50 %
    Adjusted EBITDA Margin, exclusive of Next LVL Energy(2) 47 % 49 % 51 %

    (1) Net gain (loss) on commodity derivative settlements represents cash (paid) or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.
    (2) For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $3 million in 1Q25 and $3 million in 1Q24, and Lease Operating Expense of $3 million in 1Q25 and $4 million in 1Q24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy.

    The MIL Network –

  • MIL-OSI USA: Congressman Kustoff Introduces Holocaust Insurance Accountability Act

    Source: United States House of Representatives – Representative David Kustoff (TN-08)

    WASHINGTON, D.C. — Today, Reps. David Kustoff (R-TN) and Debbie Wasserman Schultz (D-FL) introduced the Holocaust Insurance Accountability Act in the House of Representatives. This bipartisan legislation would allow beneficiaries of Holocaust-era insurance policies to bring civil action in U.S. district courts against the insurer for the covered policy to recover proceeds due or otherwise enforce any rights under the policy. 

    “On Holocaust Remembrance Day, we remember the 6 million Jews and millions of others who lost their lives at the hands of the evil Nazi regime,” said Congressman Kustoff. “As we reflect on that dark time in our history, we must do all we can to ensure the surviving victims and their families have the support they need. I am proud to introduce the Holocaust Insurance Accountability Act to help beneficiaries of Holocaust-era insurance policies work to recover these unpaid claims. May we never forget the atrocities that occurred during the Holocaust and work to give victims the care they rightfully deserve.” 

    Background:
    The Holocaust Insurance Accountability Act allows a beneficiary (or an heir of a beneficiary) of certain insurance policies in effect during the Holocaust to sue in U.S. district court to enforce rights under such policies. 

    • An insurance policy covered under this bill must have been (1) in effect at any time between January 31, 1933, and December 31, 1945, and (2) issued to a policyholder domiciled in Nazi-controlled territory or Switzerland.
    • A court shall award to a prevailing beneficiary (1) the amount due under a policy, (2) prejudgment interest of 6% a year, (3) attorney’s fees and costs, and (4) treble damages if the insurer acted in bad faith.
    • An action under this bill or state law related to a covered insurance policy shall be considered timely if filed within 10 years of this bill’s enactment.
    • Judgments and agreements entered before this bill’s enactment shall not preclude a claim brought under the bill, with certain exceptions. Neither executive agreements between the United States and a foreign government nor U.S. executive foreign policies shall (1) affect or preclude claims brought under this bill, or (2) supersede or preempt any state laws relating to insurance policies covered by this bill.

    Click here for the full text of the bill. 
     

    ###

    MIL OSI USA News –

  • MIL-OSI Australia: King to serve as Federal Resources Minister and Minister for Northern Australia

    Source: Australian Civil Aviation Safety Authority

    I am honoured to be reappointed Federal Minister for Resources and Minister for Northern Australia as part of a re-elected Albanese Labor Government.

    I am looking forward to implementing the Government’s election policies and to delivering for the people of Australia.

    Strengthening our resources industry is a key priority of this Government as a part of its Future Made in Australia agenda.

    The implementation of the Future Gas Strategy and the Critical Minerals Strategy is vital for the nation’s productivity agenda.

    The development of our critical minerals and rare earths sector is central to Australia’s national economic, trade and security interests.

    The creation of a Critical Minerals Strategic Reserve, combined with Production Tax Credits and the expansion of the Critical Minerals Facility will support Australia’s economy and boost our resilience in a time of global uncertainty. 

    A strong north means a strong Australia, and the Albanese Labor Government is working to make Northern Australia even stronger.

    The Government’s plan for Northern Australia through work such as its continued support for the Northern Australia Infrastructure Facility will create jobs, build infrastructure and support communities. 

    I look forward to working with Special Envoy Luke Gosling to ensure the north grows and prospers.

    I am thrilled to be given the opportunity to work with Senator Anthony Chisholm as Assistant Minister for Resources and Senator Nita Green as Assistant Minister for Northern Australia.  

    Our resources industry is the engine room of the economy, but it is also increasingly important for our sovereignty and our national security.

    Critical minerals and rare earths are essential for our defence industry and will be needed by our security partners, particularly as part of AUKUS.

    The Albanese Labor Government will work to ensure that all Australians benefit from the resources that are essential to our national interest.

    MIL OSI News –

  • MIL-OSI Russia: BPMSoft and GUU agreed on the development of IT education

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The company “BPMSoft” (part of the IT holding LANSOFT), the developer of the domestic low-code platform BPMSoft, and the State University of Management (SUM) signed an agreement on cooperation in the field of IT education.

    The partnership is aimed at developing competencies in the field of process management among students of the Institute of Industrial Management. Joint work will be carried out within the framework of the discipline “Fundamentals of Process Management” of the Department of Theory and Organization of Management, as well as in the implementation of student projects under the auspices of the project office of the State University of Management. In the future, it is planned to deepen cooperation – this is about including the courses “Business Process Engineering” and “Business Process Modeling” in the educational tracks for senior students.

    The university’s lecturers have already begun to master the functionality of the BPMSoft platform. The training is conducted according to a program developed specifically for academic partners.

    Yulia Golyakina, head of the BPMSoft Education initiative: “Today’s students are tomorrow’s architects of the digital economy. We want them to enter the market with relevant knowledge and the ability to apply modern tools in real projects. Cooperation with the State University of Management is an important step in the formation of strong practice-oriented IT education in the country.”

    Dmitry Bryukhanov, Vice-Rector for Academic Affairs at the State University of Management: “We see great potential in integrating modern platforms into the educational process. Working with BPMSoft will allow students not only to study the theory of process management, but also to apply it in practice – in the language of business, technology and project work.”

    The partnership with the State University of Management became part of a large-scale academic initiative called “BPMSoft Education”. Over the past year and a half, more than two dozen leading universities in the country have joined the project. Its goal is to train a new wave of IT specialists with practical skills in working with domestic digital solutions that are in demand in public administration and business.

    About GUU

    The State University of Management is the first educational institution that has been specializing in management education in the USSR and Russia for over 100 years. More than 12 thousand students study at the SUM in 16 bachelor’s degree programs, 13 master’s degree programs, including economics, management, business informatics, state and municipal management, transport process technology, personnel management, statistics and others, as well as postgraduate students in 14 scientific specialties. The SUM implements a unique project-based education program, starting from the 1st year and focused on practical classes throughout the year. Every year, about 4 thousand specialists and business managers undergo retraining and improve their qualifications at the SUM.

    Over the years of its existence, the university has trained about 200 thousand highly qualified managers for various sectors of the economy. Among the graduates of the State University of Management are members of the Government of the Russian Federation, deputy ministers, governors, mayors of cities, heads of municipal structures and businesses.

    About BPMSoft

    “BPMSoft” (part of the IT holding LANSOFT) is the developer of its own low-code platform BPMSoft for automation and management of business processes in a single digital environment. BPMSoft contains tools for flexible configuration and customization, ready-made business applications for managing CRM, SRM, HRM, ITSM, connectors and extensions for effective adaptation to any IT infrastructure. The BPMSoft partner network includes 100 companies engaged in the implementation of the platform and the development of their own products based on it. BPMSoft’s clients include 500 major customers: banks and insurance, fuel and energy complex and industry, retail and FMCG, IT and development, and others.

    BPMSoft is included in the register of Russian software (registry entry No. 17372), belongs to the field of artificial intelligence, has FSTEC certification for 4 UD, and is also included in the list of 520 IT solutions that can be used at critical information infrastructure facilities from January 1, 2025, in accordance with Decree of the President of the Russian Federation No. 166 dated March 30, 2022.

    About LANSOFT

    IT holding LANSOFT unites leading platform solutions in the corporate software segment into a single product portfolio: TURBO, LDM, BPMSoft, Goodt. The products complement each other and cover key business needs: from budgeting, enterprise management, working with clients and suppliers to talent management and creating advanced analytical reports. All solutions of the brand are included in the register of Russian software.

    LANSOFT has an extensive network of over 170 authorized partners for sales and implementation of products. The LANSOFT team consists of over 1,400 employees.

    Subscribe to the TG channel “Our GUU” Date of publication: 12.05.2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI China: Volunteers reopen free canteen for seniors

    Source: People’s Republic of China – State Council News

    A group of volunteers in Hukou county, Jiangxi province, have chipped in to reopen a village canteen to provide free meals for the local elderly residents.

    Chenhetangwan village in the county once had a government-sponsored canteen, but the limited annual budget of 10,000 yuan ($1,400) made it unfeasible for it to provide free meals to the seniors and so it was forced to close.

    The small village of only 400 residents has 60 residents over the age of 65, and the closure of the canteen meant that these people no longer had a cheap and convenient place to eat.

    Local Chen Yingpeng saw this and decided to round up a group of volunteers and open a new canteen to feed the elderly.

    The canteen, known as the Happiness Canteen, is located next to the village activity center and has the capacity to accommodate over 50 diners at a time.

    “I grew up in this village, so I’m familiar with the needs of our senior residents,” Chen said. “Many of them are living alone, often without spouses, which makes it difficult for them to cook for themselves at home. So I gathered a group of kindhearted villagers to raise funds and set up a free canteen.”

    The canteen receives its primary funding from subsidies provided by local governments and the fundraising endeavors of empathetic individuals.

    To improve the management of the canteen, a five-person team was formed. The canteen’s expenses are settled weekly to ensure transparency, with estimated annual costs exceeding 100,000 yuan.

    The canteen provides free breakfast and lunch, attracting an increasing number of senior diners.

    “Almost all the seniors in the village come here to eat. There are more than 50 people here every day,” Chen said.

    The canteen is closed on Sundays and holidays to allow families to spend time together.

    With the exception of elderly individuals who have health issues, all residents age 65 and above take turns daily to assist with meal preparation and cleaning. The chefs and assistants are all local residents.

    Assistant cook You Qingchun said, “We take turns to work to ensure everyone gets a hot meal.”

    Another duty roster member, Chen Hezhi, said: “The senior people gather here happily. If someone misses a meal, we immediately contact and confirm with their family.”

    Chen Zhizhong, a philanthropic individual actively engaged in fundraising for the canteen, said that its presence has created a sense of comfort for both the seniors who dine together and their children who work outside.

    “Since the canteen opened, we are all very happy. Many of us from the same village often work away from home, which can be concerning as our parents remain in the village and are getting older,” he said.

    “We believe the canteen is incredibly meaningful, as it brings happiness, health and joy to the seniors in the village while allowing the younger generation working outside to focus on their jobs with peace of mind.”

    Elderly resident Chen Guixi and his wife are among the canteen’s frequent customers.

    “Since the canteen opened, we go there every day for our meals. There are a lot of options for food and the environment is clean and hygienic, making it a nice place to eat,” Chen said.

    MIL OSI China News –

  • MIL-OSI China: Australian PM announces cabinet of his 2nd term

    Source: People’s Republic of China – State Council News

    Australian Prime Minister Anthony Albanese on Monday announced the cabinet of his second term before a swearing-in ceremony with Governor-General Sam Mostyn on Tuesday.

    “I intend to recommend to the Governor-General, Her Excellency, Sam Mostyn, the following make-up of the ministry to be sworn in tomorrow at 9 a.m. It will be followed by a full ministry meeting here in Parliament House,” Albanese said.

    He said Labor has the largest caucus in history since the federation.

    As of Monday, Labor was on track to win a clear majority of around 93 of the 150 seats in the lower house of parliament, as 83.9 percent of votes had been counted while five more seats remain “in doubt,” according to the Australian Broadcasting Corporation.

    Labor has never previously held more than 90 seats in the lower house of parliament and no party has ever held more than 94.

    Announcing his new cabinet, Albanese said it will be “a caucus brimming with capacity, talent and energy in both the House of Representatives and the Senate.”

    “For the entire caucus going forward to put in place the agenda that we put forward positively to the Australian people and an ambitious agenda to change this country for the better,” he said, adding “I am deeply humbled by the trust that was put into my government with the election and we certainly won’t take it for granted.”

    Albanese has urged the elected members of his Labor Party to maintain a focus on working for all Australians after winning re-election, during the Labor caucus convened last Friday. 

    MIL OSI China News –

  • Nifty, Sensex open lower amid rising India-Pakistan tensions

    Source: Government of India (4)

    Indian benchmark indices opened lower on Friday in line with expectations, as geopolitical tensions between India and Pakistan escalated.

    At 9:23 am, the Sensex was down 529 points or 0.66% at 79,805, while the Nifty declined 207 points or 0.85% to 24,066.

    Weakness was also observed in the broader markets. The Nifty Midcap 100 index dropped 509 points or 0.96% to 52,719, and the Nifty Smallcap 100 index fell 232 points or 1.44% to 15,951.

    “After a negative opening, Nifty can find support at 24,000, followed by 23,800 and 23,700. On the upside, 24,300 is an immediate resistance level, followed by 24,400 and 24,500,” said Hardik Matalia of Choice Broking.

    Across sectoral indices, auto, IT, financial services, pharma, FMCG, realty, and energy were among the top laggards.

    In the Sensex pack, Titan, L&T, Tata Motors, and Asian Paints emerged as top gainers. On the other hand, Power Grid, UltraTech Cement, ICICI Bank, HDFC Bank, HCL Tech, Tata Steel, Bajaj Finance, Bajaj Finserv, Sun Pharma, HUL, and Bharti Airtel were the major losers.

    The ongoing uncertainty continues to keep traders on edge, casting a shadow over market sentiment amid continued geopolitical stress.

    “Until the volatility—reflected in the elevated India VIX—eases, we recommend a hedged strategy to navigate the current environment, with a focus on selective stock picking,” said Ajit Mishra, SVP – Research, Religare Broking.

    Asian markets were trading mixed. Tokyo, Bangkok, and Jakarta were in the green, while Shanghai and Hong Kong were in the red.

    US markets closed higher, buoyed by positive developments related to trade tariffs.

    Meanwhile, foreign institutional investors (FIIs) remained net buyers for the 16th straight session on May 8, purchasing equities worth ₹2,007 crore. In contrast, domestic institutional investors (DIIs) sold equities worth ₹596 crore on the same day.

    -IANS

  • Sensex, Nifty end lower amid escalating geopolitical tensions

    Source: Government of India (4)

    Indian stock markets ended in the red on Tuesday as rising geopolitical tensions dampened investor sentiment, triggering broad-based selling across sectors.

    The Sensex slipped by 155.77 points, or 0.19 per cent, to settle at 80,641.07, while the Nifty declined more sharply by 81.55 points, or 0.33 per cent, closing at 24,379.60.

    Several major stocks dragged the indices lower. Eternal (formerly Zomato), State Bank of India (SBI), Tata Motors, and NTPC were among the top losers on the Sensex, falling between 1.94 per cent and 3.15 per cent.

    However, some stocks managed to buck the trend. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, and Nestlé India were among the ten Sensex gainers, with Bharti Airtel rising by 1.66 per cent.

    Selling pressure was more pronounced in the broader market. The Nifty Midcap 100 index fell by 2.27 per cent, while the Nifty Smallcap 100 declined by 2.50 per cent, indicating deeper losses beyond frontline stocks.

    Barring Nifty Auto, all sectoral indices on the NSE ended in negative territory, with Nifty PSU Bank emerging as the worst performer.

    Out of 12 stocks in the PSU Bank index, 11 closed in the red, pulling the index down by 1.18 per cent to end the session at 54,271.40.

    Among major drags, Bank of Baroda plunged 10.91 per cent, followed by Union Bank of India and Bank of India, which fell 6.19 per cent and 6.33 per cent, respectively.

    The real estate sector also witnessed heavy losses. The Nifty Realty index declined by 3.58 per cent, led by a 6.36 per cent drop in Godrej Properties and a 4.96 per cent fall in Sobha Limited.

    Adding to market jitters, the India VIX, often referred to as the fear index, rose by 3.58 per cent to 19 points, signalling heightened volatility.

    The decline across indices reflects rising investor caution, with profit booking and weak global cues contributing to the negative sentiment, market experts noted.

    — IANS

     

  • More than 100 dead after flooding in eastern Congo, official says

    Source: Government of India (4)

    More than 100 people have died after flooding in a village near the shores of Lake Tanganyika in eastern Democratic Republic of Congo (DRC), a local official said.

    The flooding, which affected the village of Kasaba, comes at a vulnerable moment for the Central African nation. Rwanda-backed M23 rebels have intensified an offensive in the eastern region since the start of the year, with thousands killed in fighting in the first two months of the year.

    Samy Kalodji, administrator of Fizi territory in South Kivu province where the village is located, said late on Saturday that reports from the area “indicated more than 100 deaths.”

    The affected area is still under the administration of Kinshasa and is not among the zones taken by M23.

    Didier Luganywa, spokesperson for the South Kivu government, said in a statement the flooding incident occurred between Thursday night and Friday when torrential rains and strong winds caused the Kasaba river to overflow its banks.

    The statement gave a toll of 62 confirmed deaths with 30 injured.

    Local officials said the Kasaba area was only accessible via Lake Tanganyika and was not covered by the mobile phone network, which could delay humanitarian relief efforts.

    (Reuters)

  • COP30 Brazilian presidency calls for new global climate governance

    Source: Government of India (4)

    The Brazilian presidency of COP30, this year’s climate summit, called for new global climate governance mechanisms to help nations implement their commitments to curb global warming, according to a letter it released on Thursday.

    The summit, to be hosted in the Amazonian city of Belem in November, marks the 10th anniversary of the Paris Accord, when signatories agreed to limit warming to well below 2 degrees Celsius from pre-industrial levels.

    Though nations have so far committed to plans that would limit warming to around 2.6 degrees Celsius, many are struggling to get their proposals off the drawing board and to lower carbon emissions enough to stop the planet from heating to catastrophic levels.

    According to the letter by the COP30 presidency, “the international community should investigate how climate cooperation could become better equipped to accelerate” implementation.

    The proposal was first introduced by Brazilian President Luiz Inacio Lula da Silva last November, during the G20 summit in Rio de Janeiro. At the time, Lula proposed creating a “United Nations climate change council” to help countries implement commitments they made to address climate change as part of the 2015 Paris Agreement.

    “There’s no point in negotiating new commitments if we don’t have an effective mechanism to accelerate the implementation of the Paris Agreement,” Lula said. “We need stronger climate governance.”

    The proposal has now been adopted by Brazilian ambassador Andre Correa do Lago, who will preside over COP30. Correa do Lago argued that, after decades of debates, the Climate Convention, known as the UNFCCC, has completed necessary negotiations but lacks implementation capacity.

    “The UNFCCC and the Paris Agreement don’t have the strength or mandate to take this forward, so we’re proposing to reconsider how we can institutionally strengthen implementation,” Lago told journalists on Wednesday.

    The COP Presidency letter suggests that the United Nations General Assembly, not COP30 itself, should be the forum for this discussion.

    “Debates at the U.N. General Assembly could explore innovative governance approaches to endow international cooperation with capabilities for rapid sharing of data, knowledge and intelligence, as well as for leveraging networks, aggregating efforts and articulating resources, processes, mechanisms and actors within and outside the U.N.,” the letter states.

    Sources in the Brazilian government told Reuters that while the creation of a U.N. Climate Council features in Lula’s diplomatic discussions with world leaders, immediate results are not anticipated in the short term.

    “It’s still an initial convincing effort,” one source said.

    (Reuters)

  • Democratic-led states sue to block Trump’s halting of wind projects

    Source: Government of India (4)

    A coalition of Democratic state attorneys general sued on Monday in a bid to block President Donald Trump’s move to suspend leasing and permitting of new wind projects, saying it threatens to cripple the wind industry and a key source of clean energy.

    Seventeen states and the District of Columbia in a lawsuit filed in federal court in Boston argued that the decision by the Republican president’s administration to indefinitely pause all federal wind-energy approvals is unlawful and must be blocked.

    The lawsuit, led by New York state, accused Trump of exceeding his authority and said his administration violated federal administrative law by not offering any detailed justification for the suspension.

    “This administration is devastating one of our nation’s fastest-growing sources of clean, reliable and affordable energy,” New York Attorney General Letitia James, a Democrat, said in a statement.

    The lawsuit seeks a court order declaring the indefinite pause unlawful and barring the agencies including the U.S. Departments of Commerce and Interior and the Environmental Protection Agency from implementing Trump’s directive.

    White House spokesperson Taylor Rogers accused the Democratic attorneys general of “using lawfare to stop the president’s popular energy agenda.”

    “The American people voted for the president to restore America’s energy dominance, and Americans in blue states should not have to pay the price of the Democrats’ radical climate agenda,” Rogers said in a statement.

    Trump announced the pause on his first day back in office on January 20 when he directed his administration in a presidential memorandum to halt offshore wind lease sales and stop the issuance of permits, leases and loans for both onshore and offshore wind projects.

    He did so while also moving to ramp up the federal government’s support for the fossil fuel industry and maximize output in the United States, the world’s top oil and gas producer, after campaigning for the presidency on the refrain of “drill, baby, drill.”

    Trump as a candidate last year promised to end the offshore wind industry, arguing it is too expensive and hurts whales and birds. In announcing the pause, Trump again cited the expense of wind projects and said they “ruin your beautiful landscapes.”

    After Trump’s memorandum, U.S. Interior Secretary Doug Burgum in April directed the Bureau of Ocean Energy Management’s acting director to order a unit of Norwegian energy firm EquinorEQNR.OL to halt construction on its Empire Wind offshore wind project off New York.

    The states in their lawsuit argue that Trump’s directive harmed their efforts to secure reliable, diversified sources of energy and jeopardized billions of dollars they have already invested in the industry as part of their efforts to reduce greenhouse gas emissions to combat climate change.

    In their lawsuit, the states said the agencies implementing Trump’s order never said why they were abruptly changing longstanding policy supporting wind energy development and were departing from government findings that wind projects can proceed with minimal adverse effects on the environment.

    The lawsuit also said Congress never authorized the president to categorically halt wind-energy projects and that the agencies implementing the pause exceeded their authority under numerous laws including the Clean Air Act, the Endangered Species Act and the Outer Continental Shelf Lands Act.

    (Reuters)

  • India’s “New Resolve”: “Operation Sindoor” and New BrahMos Facility signal strategic strength

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Sunday hailed Operation Sindoor as a powerful symbol of the nation’s political, social, and strategic resolve during the virtual inauguration of the BrahMos Integration and Testing Facility Centre in Lucknow, Uttar Pradesh. The operation, aimed at dismantling terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK), underscored India’s zero-tolerance policy against terrorism, with the minister asserting that “even the land across the border is not safe for terrorists and their masters.”

    Speaking on National Technology Day, Shri Rajnath Singh described Operation Sindoor as a testament to the Indian Armed Forces’ capability and determination to deliver justice to families affected by anti-India terrorist activities. He referenced previous actions, including surgical strikes post-Uri, air strikes after the Pulwama attack, and multiple strikes following the recent Pahalgam attack, to highlight India’s proactive stance under Prime Minister Narendra Modi’s leadership. “This New India will take effective action against terrorism on both sides of the border,” he emphasized.

    The minister detailed how the operation targeted terrorist infrastructure while sparing innocent civilians, in contrast to Pakistan’s attacks on civilian areas, including temples, gurudwaras, and churches in India. The Indian Armed Forces, displaying both valor and restraint, struck multiple Pakistani military bases, with actions reaching as far as Rawalpindi, the location of Pakistan’s military headquarters.

    The newly inaugurated BrahMos facility, a 200-acre complex costing approximately Rs 300 crore, marks a significant step toward India’s self-reliance in defence manufacturing. Shri Rajnath Singh described the centre as a cornerstone of the Aatmanirbharta initiative, expected to generate around 500 direct and 1,000 indirect jobs while fostering skill development and industrialization in the region. The facility, part of the Uttar Pradesh Defence Industrial Corridor (UPDIC), will handle the integration of booster subassemblies, avionics, propellant, and ramjet engines for the BrahMos supersonic cruise missile, widely regarded as one of the world’s fastest.

    “BrahMos is not just a missile; it is a message of deterrence to adversaries and a commitment to safeguarding India’s borders,” the minister said, noting its role as a confluence of Indian and Russian defence technologies. He also invoked former President Dr. APJ Abdul Kalam’s words: “In this world, fear has no place, only strength respects strength,” underscoring India’s growing global stature.

    The facility’s launch aligns with the Modi government’s Make-in-India, Make-for-the-World vision, aiming to position India as a key player in the global defence market, which saw expenditures of $2,718 billion in 2024, according to the Stockholm International Peace Research Institute. The UPDIC has already attracted Rs 4,000 crore in investments, with 180 MoUs signed for a proposed Rs 34,000 crore, covering sectors like aircraft manufacturing, drones, ammunition, and small arms.

    Uttar Pradesh Chief Minister Yogi Adityanath, speaking at the event, praised the facility as a boost to the Make-in-India initiative and a step toward making Lucknow a defence manufacturing hub. He echoed the minister’s sentiments on Operation Sindoor, calling it a clear message that India will not tolerate terrorism. The Chief Minister highlighted ongoing projects across the UPDIC’s six nodes, involving both public and private sectors.

    The BrahMos Aerospace initiative also includes training programs, with 36 trainees selected to operate the facility, five of whom were felicitated during the inauguration. The event was attended by Deputy Chief Ministers Keshav Prasad Maurya and Brijesh Pathak, DRDO Chairman Dr. Samir V Kamat, and other senior officials.

  • MIL-OSI USA: Reps Beatty and Kim Host Bipartisan Financial Education Resource Fair on Capitol Hill

    Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

    WASHINGTON, DC – On Tuesday, May 6, Congresswoman Joyce Beatty (D-OH-03) and Congresswoman Young Kim (R-CA-40), Co-Chairs of the Financial Literacy and Wealth Creation Caucus, hosted a free, bipartisan Financial Education Resource Fair on Capitol Hill. The event connected members of the public, Congressional staff and community stakeholders with trusted financial tools and expert guidance to promote financial security and wealth-building.

    Representatives from more than 30 government agencies, nonprofits, and financial institutions were on hand to share strategies and resources on topics such as savings, budgeting, credit and debt management, retirement planning, investing, and fraud protection.

    According to the 2024 Consumer Financial Literacy and Preparedness Survey by the National Foundation for Credit Counseling, 80 percent of adults in the United States say they could benefit from additional guidance on everyday financial questions. Additionally, data from the Federal Deposit Insurance Corporation (FDIC) shows that at least 14.2 percent of U.S. households—nearly 19 million—are unbanked or underbanked, lacking access to essential services like savings, lending, and other basic financial tools.

    The event began with opening remarks from Congresswoman Beatty and Congresswoman Kim.  

    “Every American deserves the knowledge and tools to navigate our financial system and make it work for them,” said Congresswoman Joyce Beatty. “That’s why I’m grateful to the organizations that joined us today to support attendees in their pursuit of financial education and empowerment. With the help of nonprofits, financial institutions, and government agencies committed to financial literacy, the Financial Literacy and Wealth Creation Caucus is equipping Americans to achieve financial stability, grow wealth, and move closer to financial freedom.”

    “Financial literacy is a lifelong journey,” said Congresswoman Young Kim. “I appreciate stakeholders joining us to share vital resources to help attendees learn more about financial education as we celebrate Financial Literacy Month. As Financial Literacy and Wealth Creation Caucus co-chair, I’ll keep working with bipartisan colleagues and the Trump administration on policies that help Americans grow their credit, get a leg up, and achieve the American Dream.” 

     

    “CFP Board applauds the Financial Literacy and Wealth Creation Caucus, and Co-Chairs Kim and Beatty, for bringing together key leaders committed to advancing financial education and literacy initiatives,” said Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board. “Through our work to expand access to competent and ethical financial planning, CFP Board and CFP® professionals across the country share the caucus’ goal of expanding access to financial guidance and helping more Americans understand the resources available to them.”

     

    “PBS LearningMedia is committed to helping students acquire knowledge and build the real-world skills they need to thrive in school and life. Interactives and games are powerful tools that make financial literacy both fun and meaningful.  We are honored that our work supports the goals of Representatives Young Kim and Joyce Beatty, the Financial Literacy and Wealth Creation Caucus co-chairs.  By challenging students to think critically about financial decisions in an engaging, story-driven format, PBS LearningMedia resources help drive deeper learning that sticks,” Lori Brittain, Vice President PBS LearningMedia.

    “First Command is committed to providing all U.S. service members – and their families — the financial tools they need to attain financial readiness and stability,” said First Command CEO Mark Steffe.“Ensuring military spouses can obtain employment and create a financial roadmap for their family is equally important, and we appreciate the diligent work the Congressional Financial Literacy and Wealth Creation Caucus performs in this endeavor. Today’s event highlights the important steps being taken to improve the livelihoods of our servicemembers, and we look forward to a long-lasting partnership with the Caucus.”

     

    “TIAA is committed to securing retirements for millions more American workers, especially at a time when 45% of U.S. households are projected to run short of money in retirement. A greater understanding of how much monthly income a worker will need to replace to last throughout retirement is key to a secure financial future,” said Chris Spence, Head of Government Relations and Public Policy at TIAA. “We appreciate today’s event and collaboration with the Congressional Financial Literacy and Wealth Creation Caucus, particularly Representatives Beatty and Kim, for supporting increased access to financial education, literacy, and retirement savings resources.”

     

    About the Congressional Financial Literacy and Wealth Creation Caucus

    The Financial Literacy and Wealth Creation Caucus endeavors to provide Americans with the tools and resources necessary for economic stability, wealth generation, and prosperity. This caucus develops and advocates for comprehensive, result-driven strategies that empower individuals to make sound financial decisions, achieve their economic objectives, and secure a robust financial foundation for themselves and future generations. The caucus aims to promote education, policy development, and public-private collaboration to advance financial literacy.

     

    For the full list of participating organizations, click HERE.

    For additional photos from the event, click HERE

    For video of Rep. Beatty’s remarks, click HERE.

    For inquiries, please contact Christine Thompson at Christine.Thompson@mail.house.gov.

    ###

    MIL OSI USA News –

  • India’s Gaganyaan mission enters final phase, first human spaceflight set for 2027

    Source: Government of India (4)

    India’s first human space mission, ‘Gaganyaan,’ has entered its final phase, with the first human spaceflight now scheduled for the first quarter of 2027, Union Minister Dr. Jitendra Singh said on Tuesday.

    Singh said that the successful completion of the TV-D1 mission and the first uncrewed Test Vehicle Abort Mission earlier this year have laid a strong foundation for the upcoming test schedule.

    The second Test Vehicle mission (TV-D2) is slated for later in 2025, followed by the uncrewed orbital flights of Gaganyaan. These milestones will culminate in India’s maiden human spaceflight in 2027, launching Indian astronauts into orbit aboard an Indian rocket from Indian soil.

    Calling it a “historic mission,” the minister emphasized that the Gaganyaan programme represents India’s rise as a global space power built on indigenous technology, fiscal prudence, and visionary political leadership.

    He also recalled that Prime Minister Narendra Modi had clearly laid out India’s long-term ambitions in space, including setting up the ‘Bharatiya Antariksha Station’ by 2035 and sending the first Indian to the Moon by 2040.

    The Human-rated LVM3 vehicle, the Crew Escape System, and the Crew Module and Service Module are all undergoing final stages of testing and integration.

    The minister confirmed that the uncrewed orbital ‘Gaganyaan’ mission is on track for launch later this year, with recovery trials already conducted with the Indian Navy and more sea recovery simulations planned.

    Training for astronauts is also progressing steadily. The minister informed that four Indian Air Force pilots, selected as astronaut-designates, have completed training in Russia and are undergoing further mission-specific training in India. Their health, psychological fitness, and simulation-based operational readiness are being continuously assessed at India’s astronaut training facility.

    “The expenditure being incurred on the ‘Gaganyaan’ project is minimal compared to similar human spaceflight missions conducted by other countries,” the minister said. He added that the mission’s returns, both in terms of technological innovation and economic stimulus, far exceed the costs involved.

    ISRO Chairman Dr. V. Narayanan echoed the view that ‘Gaganyaan’ is catalyzing India’s emergence as a self-reliant space power, inspiring a new generation of scientists, engineers, and entrepreneurs.

    With the crewed mission expected in 2026, India is poised to join an elite group of nations that have independently developed the capability for human spaceflight.

    IANS

  • India and UAE deepen cybersecurity collaboration at GISEC Global 2025

    Source: Government of India

    Source: Government of India (4)

    The Data Security Council of India (DSCI) hosted the second edition of the Indo-UAE Cybersecurity Exchange in Dubai, reinforcing bilateral cooperation in the digital security domain. Organized in partnership with CIO Klub, the event took place alongside GISEC Global 2025 at the Dubai World Trade Centre and brought together key figures from the cybersecurity and technology sectors of both countries.

    The India Pavilion at GISEC, established by DSCI, featured over 15 Indian companies presenting advanced solutions in threat intelligence, data privacy, application security, Security Operations Centers, and quantum technologies. The initiative aimed to foster linkages and partnerships among solution providers, user organizations, and innovators from the Indian cybersecurity ecosystem and their counterparts in the UAE.

    B.G. Krishnan, Consul (Economic, Trade, Commerce & Education) at the Consulate General of India in Dubai, underlined the urgency of global cybersecurity challenges. “The world is at a critical juncture from cybersecurity, privacy, and critical technology perspectives,” he noted. “Rapidly evolving threats, technological advancements, and geopolitical tensions are reshaping the global and national landscapes, impacting businesses, society, and critical sectors.”

    Atul Kumar, Director of DSCI, highlighted the strategic importance of Indo-UAE cooperation in the digital space. “As India and the United Arab Emirates strengthen their strategic partnership, cybersecurity has emerged as a critical area for collaboration,” he said. “With both nations digitizing rapidly and depending heavily on secure digital infrastructure, there is significant scope to jointly nurture resilient cybersecurity ecosystems.”

    The exchange served as a platform for discussions on cyber resilience, leadership development, and technology innovation. DSCI reaffirmed its commitment to continued engagement with UAE stakeholders, aiming to advance cybersecurity cooperation in the face of increasingly complex digital threats.India’s dynamic presence and its growing engagement with regional cybersecurity ecosystems at GISEC Global 2025 reaffirm its role as a key contributor in shaping the future of global cyber resilience. The three day GISEC 2025 will conclude on may 8th.

  • Health inequities shortening lives by more than 30 years in poor countries: WHO

    Source: Government of India

    Source: Government of India (4)

    Poor social determinants of health are cutting life expectancy in low-income countries by more than 30 years, according to a report by the World Health Organization (WHO).

    The WHO defines social determinants of health as conditions in which people are born, grow, live, work, and age.

    The report noted that beyond the health sector, factors such as lack of quality housing, education, and job opportunities can dramatically reduce life expectancy.

    It said that people in the country with the lowest life expectancy will, on average, live 33 years shorter than those born in the country with the highest life expectancy.

    “Children born in poorer countries are 13 times more likely to die before the age of 5 than in wealthier countries,” the report said.

    Women from disadvantaged groups are also more likely to die from pregnancy-related causes.

    “Our world is an unequal one. Where we are born, grow, live, work, and age significantly influence our health and well-being,” WHO Director-General Dr Tedros Adhanom Ghebreyesus said.

    “Addressing the interlinked social determinants” can help, he added.

    Further, the report showed that 3.8 billion people worldwide are deprived of adequate social protection coverage, such as child/paid sick leave benefits, with a direct and lasting impact on their health outcomes.

    High debt burdens have been crippling the capacity of governments to invest in these services. As a result, the total value of interest payments made by the world’s 75 poorest countries has increased four-fold in the last decade.

    Worryingly, the report also cited “sufficient evidence to show that health inequities within countries are often widening”.

    Closing the gap and enhancing equity between the poorest and wealthiest sectors of the population within low- and middle-income countries can help save the lives of 1.8 million children annually, revealed modelling studies.

    The report also provides evidence-based strategies and policy recommendations to help countries improve health outcomes for all.

    WHO emphasises that measures to address income inequality, structural discrimination, conflict, and climate disruptions are key to overcoming deep-seated health inequities.

    –IANS

  • Cabinet approves Rs.60,000 crore national scheme to upgrade ITIs, establish five national skilling centres

    Source: Government of India

    Source: Government of India (4)

    In a significant step towards revamping vocational education and addressing the rising demand for skilled workforce, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the National Scheme for Upgradation of Industrial Training Institutes (ITIs) and the establishment of five National Centres of Excellence (NCOEs) for Skilling, according to an official statement released on Wednesday.

    The initiative will be implemented as a Centrally Sponsored Scheme with a total outlay of Rs.60,000 crore over five years. The funding will include Rs. 30,000 crore from the Centre, Rs. 20,000 crore from State Governments, and Rs. 10,000 crore from industry partners. Additionally, 50% of the central share will be co-financed equally by the Asian Development Bank and the World Bank.

    Revamping India’s Skilling Landscape

    The scheme envisions the upgradation of 1,000 Government ITIs in a hub-and-spoke model aligned with industry needs and the capacity augmentation of five National Skill Training Institutes (NSTIs) located in Bhubaneswar, Chennai, Hyderabad, Kanpur, and Ludhiana. These NSTIs will also house the new National Centres of Excellence.

    The goal is to reposition ITIs as aspirational, government-owned, and industry-managed institutions, offering revamped courses that reflect the evolving skill requirements of modern industries. Over five years, the scheme aims to skill 20 lakh youth through industry-aligned training programs.

    Bridging Skill Gaps in High-Growth Sectors

    The Cabinet statement highlighted that previous financial assistance for ITI infrastructure development was insufficient to address the growing needs of new-age trades and capital-intensive training. The new scheme introduces a need-based investment model, offering flexibility to institutions to enhance infrastructure and introduce relevant trades.

    To ensure effectiveness, the scheme will adopt an industry-led Special Purpose Vehicle (SPV) model, marking a major shift from earlier government-only approaches. This will enable close collaboration between ITIs and industry in curriculum planning, infrastructure upgrades, and ongoing management.

    Focus on Trainers and Employability

    The initiative also aims to strengthen Training of Trainers (ToT) by upgrading infrastructure in the five NSTIs and offering pre-service and in-service training to 50,000 trainers. This is expected to enhance the quality and consistency of vocational education across the country.

    The scheme will address long-standing issues related to infrastructure gaps, outdated course content, low employability, and the perception of vocational training as a less desirable education route. It aims to make vocational training a central pillar of India’s industrial and economic growth, especially in emerging sectors such as electronics, automotive, and renewable energy.

    A Vision for ‘Viksit Bharat’

    The newly approved scheme aligns with the Prime Minister’s vision of ‘Viksit Bharat’ (Developed India) by 2047, with skilling as a key enabler of inclusive growth and global competitiveness. With a significantly expanded ITI network—currently over 14,600 institutes with 14.4 lakh enrolled students—this scheme is seen as a timely intervention to create a future-ready workforce.

  • Bulls Take Charge: Sensex, Nifty Rally Sharply After Successful ‘Operation Sindoor’

    Source: Government of India (4)

    The domestic indices surged on Monday with Sensex jumping over 1,900 points in the morning trade, as India-Pakistan tensions eased with ‘Operation Sindoor’ marking a significant demonstration of India’s military and strategic prowess.

    Buying was seen in the PSU bank, IT and auto sectors in the early trade.

    At around 9.34 am, Sensex was trading 1,943 points or 2.45 per cent up at 81,398.42 while the Nifty climbed 598.8 point or 2.49 per cent at 24,606.85.

    Nifty Bank was up 1,395.95 points or 2.60 per cent at 54,991.20. The Nifty Midcap 100 index was trading at 54,679.55 after rising 1,456.20 points or 2.74 per cent. Nifty Smallcap 100 index was at 16,584.60 after climbing 498.95 points or 3.10 per cent.

    According to analysts, India’s markets and economy have demonstrated remarkable resilience, consistently transcending external perturbations and geo-political tensions. This strength comes from a steady, domestically-oriented economy, which helps protect against global troubles, showing that every crisis eventually ends.

    “India’s efforts to negotiate trade deals will strengthen global business links and help it sell more worldwide, bringing in steady foreign money and making it more competitive. Along with balanced global relationships and strong partnerships, this creates a relatively stable investment place,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

    Major indexes finished the last week narrowly mixed. The trade deal announcement between US and UK and reports that U.S. and Chinese officials meeting in Switzerland on the weekend for trade discussions, paved the way for broader negotiations and tariff de-escalation, supported investor sentiment, said experts.

    Meanwhile, in the Sensex pack, Adani Ports, Bajaj Finance, Axis Bank, Eternal, Power Grid, NTPC, Bajaj Finserv, Tata Steel, L&T, SBI were the top gainers. Whereas, only Sun Pharma was the top loser.

    In the Asian markets, China, Hong Kong and Seoul were trading in green, whereas, Japan was trading in red.

    In the last trading session on Friday, Dow Jones in the US declined 0.29 per cent to close at 41,249.38. The S&P 500 declined 0.07 per cent to 5,659.91and the Nasdaq closed at 17,928.92 .

    On the institutional front, foreign institutional investors (FIIs), after being net buyers for 16 consecutive sessions, turned net sellers on May 9, offloading equities worth Rs 3,798.71 crore. In contrast, domestic Institutional Investors (DIIs) remained net buyers, investing Rs 7,277.74 crore on the same day.

    (IANS)

  • India-Pakistan tensions trigger selloff in stock markets, Sensex falls 880 points

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets witnessed a sharp decline on Friday as rising tensions between India and Pakistan spooked investors.

    At the closing bell, the Sensex dropped 880.34 points, or 1.10 per cent, to close at 79,454.47, while the Nifty fell 265.80 points, or 1.10 per cent, to settle at 24,008.

    “Nifty traders appeared to embrace risk-off trades amid India-Pakistan tensions, as the index fell from its recent consolidation zone,” said Rupak De of LKP Securities.

    He added that the Nifty managed to stay above the 24,000 mark as it found support around the 21-day exponential moving average (EMA).

    Among the Sensex’s 30 stocks, ICICI Bank led the losses, falling 3.09 per cent during the intra-day session, followed by PowerGrid (down 2.61 per cent), Bajaj Finance (down 1.84 per cent), and Reliance Industries (down 1.84 per cent).

    However, some stocks managed to post gains. Titan led the pack with a 4.25 per cent rise, followed by Larsen & Toubro at 4.02 per cent, Tata Motors with 3.86 per cent, State Bank of India at 1.39 per cent, and Asian Paints, which edged up 0.2 per cent.

    Investor sentiment weakened across the board. The Nifty Bank, financial services, and realty indices each dropped more than 1 per cent, with the realty sector emerging as the worst performer, plunging nearly 2 per cent.

    Other key sectors—auto, IT, energy, pharma, FMCG, healthcare, and oil & gas—also ended the day in the red.

    Despite the overall weakness, a few sectors bucked the trend. Nifty PSU Bank, consumer durables, media, and metal stocks managed to close with gains, providing some support to the market.

    In the broader market, the Nifty Midcap 100 index ended flat, while the Nifty Smallcap 100 slipped 0.61 per cent.

    Additionally, the rupee traded in a volatile range of 85.90 to 85.35 amid the ongoing border tensions, with signs of escalation keeping market participants cautious.

    “Any fresh developments on the geopolitical front are likely to have a significant impact on the rupee’s direction,” said Jateen Trivedi of LKP Securities.

    –IANS

  • Traders vow to keep goods flowing amid tensions with Pakistan

    Source: Government of India

    Source: Government of India (4)

    The Confederation of All India Traders (CAIT), representing over 90 million traders across the country, on Friday expressed unwavering support for the Indian government and armed forces amid the ongoing tensions with Pakistan.

    Praveen Khandelwal, CAIT Secretary General and Member of Parliament from Delhi’s Chandni Chowk, stated, “Just as our brave soldiers are guarding the borders, the traders of the nation are committed to acting as soldiers on the economic front, ensuring an uninterrupted supply chain under all circumstances.”

    He lauded the Indian armed forces for responding to Pakistan’s “nefarious actions” with “exemplary courage and strength,” calling it a matter of national pride. Describing the current scenario as akin to a state of war, Khandelwal said every citizen is standing in full solidarity with the government to ensure that Pakistan receives a “strong and lasting lesson.”

    Khandelwal also clarified that there is no shortage of foodgrains or essential commodities in the country. “All goods are abundantly available in the markets, and the government has sufficient reserves. Citizens should not resort to hoarding or panic buying,” he said. He assured that traders would, as they did during the COVID-19 pandemic, maintain the supply chain and, if necessary, ensure doorstep delivery of essential items.

    He further pledged that CAIT traders would strictly follow all government advisories and would not allow panic, misinformation, or unrest to spread under any circumstances.

    Appealing to the trader community, Khandelwal said patriotism is not just an emotion but also a practice rooted in discipline, patience, and faith in the nation’s leadership. “Authorities are closely monitoring the situation and taking all necessary steps. At such a time, the trading community must act in an organised and responsible manner in the national interest,” he said.

    CAIT also urged traders to refrain from making any independent market-related decisions and to wait for official guidance. “This is the time to demonstrate unity, prudence, and patriotic commitment,” Khandelwal said.

    “Devotion to the motherland is not just an emotion—it is a responsibility. And this responsibility will be fulfilled with full discipline and dedication by over 90 million traders across the country,” he added.

    ––IANS

  • Sensex, Nifty open flat amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    Indian equity indices opened on a flat note on Tuesday amid mixed global cues and ongoing geopolitical tensions.

    At 9:18 am, the Sensex was down 11 points at 80,785, while the Nifty declined 8 points to trade at 24,452.

    Selling pressure was witnessed in the broader markets. The Nifty Midcap 100 index dropped 126 points or 0.23 per cent to 54,548, while the Nifty Smallcap 100 index fell 61 points or 0.37 per cent to 16,547.

    From a technical standpoint, the Nifty 50 continues to trade within a narrow consolidation range, forming a neutral candlestick pattern on the daily chart, experts noted.

    “A decisive move above 24,500 could pave the way for an up move towards 24,700 and 24,800. On the downside, support is seen at 24,200 and 24,000, where traders may find buying opportunities on dips,” said Mandar Bhojane of Choice Broking.

    On the sectoral front, auto, FMCG, and private banks were among the top gainers. Pharma, realty, and media stocks underperformed.

    In the Sensex pack, M&M, Bharti Airtel, Bajaj Finserv, HUL, Nestle, Tata Steel, Axis Bank, L&T, IndusInd Bank, and ITC were the major gainers. On the other hand, Sun Pharma, Tata Motors, Titan, Eicher Motors, SBI, TCS, Bajaj Finance, and UltraTech Cement were among the top losers.

    Most Asian stock markets were trading in the green. Shanghai and Hong Kong registered gains as optimism around potential US-China trade talks lifted investor sentiment.

    Markets in Japan and South Korea remained closed for public holidays. Meanwhile, US markets ended in the red in the previous session.

    On the institutional side, foreign institutional investors (FIIs) continued their buying streak on May 5, with net equity purchases worth ₹497 crore. Domestic institutional investors (DIIs) also remained strong buyers, investing ₹2,788 crore.

    This sustained inflow from both domestic and foreign investors indicates underlying market confidence despite global uncertainties, experts said.

    — IANS

  • Indian stocks extend rally; Sensex gains nearly 300 points

    Source: Government of India

    Source: Government of India (4)

    Indian stock indices continued their upward momentum from the previous week, opening the new trading week on a positive note.

    The Sensex closed at 80,796.84, rising 294.85 points or 0.37 per cent, while the Nifty ended the day at 24,461.15, up 114.45 points or 0.47 per cent. Most sectoral indices were in the green, with Nifty Auto and Oil & Gas leading the gains on Monday.

    As the week progresses, market participants are expected to closely track the flow of foreign portfolio investments (FPIs)—which have recently turned net positive—along with developments surrounding the India-US trade deal and Q4 earnings reports from major listed companies for further cues.

    On the global front, investors are also awaiting the outcome of the US Federal Reserve’s monetary policy meeting, which could influence market sentiment.

    Last week, the Sensex and Nifty posted their longest weekly winning streak of 2025. The Sensex surged over 1,100 points—or about 1.5 per cent—during the holiday-truncated week, with markets closed on May 1 for Maharashtra Day.

    Adding to the positive sentiment, FPIs turned net buyers after three months, although the pace of inflows is still building.

    “The market has sustained its positive momentum, though optimism has moderated. Continued foreign inflows and record GST collections in April reflect resilience in economic activity and support mild optimism,” said Vinod Nair, Head of Research at Geojit Financial Services.

    “A weak dollar and falling oil prices have further boosted FII sentiment. However, the momentum is shifting from broad-based rallies to stock- and sector-specific moves driven by earnings. Over the past month, the broader market has recovered over 50 per cent of the losses incurred during the consolidation phase from September 2024 to March 2025,” he added.

    Sundar Kewat, Technical and Derivatives Analyst at Ashika Institutional Equity, noted that gains were limited as investor sentiment turned cautious amid escalating geopolitical tensions between India and Pakistan. This led to a more defensive market stance despite support from select sectors.

    Markets had also found support after former U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs on several countries, including India. The initial announcement of the tariffs had triggered a global equity sell-off, with India also being affected.

    Geopolitical tensions, particularly the India-Pakistan standoff following the terrorist attack in Pahalgam on April 22, have weighed on investor sentiment recently. Market participants are expected to closely monitor further developments in this regard.

    -ANI