Saudi Aramco launches India unit as Modi govt vouches for strategic ties with Kingdom

News Network
October 9, 2017

New Delhi, Oct 9: The world's largest oil exporter, Saudi Aramco, on Sunday officially launched its unit in India with a view to tap opportunities presented by the country's rapidly growing appetite for energy.

Oil minister Dharmendra Pradhan and Aramco CEO Amin Nasser, who is here to attend the India Energy Forum beginning on Monday, jointly inaugurated the company's office in Gurgaon, a move the minister said would take the buyer-supplier relationship between the two countries to a level of "strategic partnership" in the hydrocarbon sector.

Aramco's move to launch a subsidiary in India, Aramco Asia India (AAI), coincides with its ongoing talks for acquiring a stake in the Rs 40,000 crore coastal refinery being planned in Maharashtra by an IndianOil-led consortium of state-run refiner-marketers.

India is particularly important for Aramco as the firm is trawling for refinery stake in major oil-consuming economies to lock in customers ahead of its IPO next year.

Both International Energy Agency and BP Statistical Review of World Energy have projected India's oil consumption growth to be the fastest among all major economies over the next two decades. India has already surpassed Japan as the world's third largest oil consumer and is expected to overtake China.

But Aramco, traditionally India's top oil supplier, has not found the going smooth in such a growing market in the face of challenge from fellow Opec member Iraq.

According to a Reuters report, Iraq remained India's top oil supplier for the fifth month running in August.

Besides, India is also leveraging the oversupplied condition of the global oil market and flexibility of its refineries to tap new sources such as the US.

No wonder, Aramco's talks with Indian state-run refiners are not limited to locking in sale of crude but also encompasses increased LPG supplies and a foothold in petrochemicals and fuel retail businesses.

Saudi Arabia accounts for approximately 19% of India's crude and 29% of LPG imports. During 2016 -17, India imported about 39.5 million tonnes of crude from Saudi Arabia.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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News Network
December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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coastaldigest.com news network
December 2,2025

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Udupi, Dec 2: A wave of regional pride is sweeping through Udupi district as Shagun S Verma Hegde, a talented Class 9 student from Christ King English Medium High School, Karkala, has been named the captain of the Indian National Team for the Under-15 Girls’ Volleyball Championship.

Shagun holds the unique distinction of being the sole player from Karnataka selected to represent the country in the prestigious international tournament. The championship, organized by the School Games Federation, is scheduled to take place in Shangluo, China, from December 3 to 13, where Shagun will lead the national squad.

A Remarkable Journey to the Top

Shagun’s selection is a testament to her dedication and exceptional skill on the court. Her journey included several rigorous rounds of selection:

•    She was the only player from Udupi district to qualify for the state-level selection camp.

•    Out of eight players from Karnataka who advanced to the national selection camp in Pune, Maharashtra, Shagun was the only one to secure a place in the final national squad.

•    The national camp saw participation from approximately 200 players, which was shortlisted to 23. Shagun not only made the final cut but was also ranked as the second-best player overall, solidifying her leadership role.

Shagun, who is the daughter of Sandesh Verma and Shruthiraj of Kallotte, Karkala, has trained under experienced coaches Santosh D’Souza, Jeevan D’Silva, Jairaj Poojary, and Ramesh. Her selection as the team captain has brought profound honour to her family, school, the Udupi district, and the entire state of Karnataka.

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