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New Delhi: The Indian government has not instructed its oil refiners to stop buying crude from Russia, despite rising pressure from Donald Trump, reported Bloomberg, citing officials familiar with the matter. The clarification comes days after the U.S. president's remarks against New Delhi's continued ties with Moscow and his imposition of a surprise 25% tariff on Indian goods. Behind closed doors, officials are said to be watching the situation, but no formal decision has been made. Both gover ...Read More >
No decision has been taken as yet on stopping imports from Russia, the people said, asking not to be named due to the sensitivity of the matter. Both state-run and private refiners are allowed to buy from their preferred sources, and crude purchases remain a commercial decision made by them, several of the people said. Trump blasted India on Wednesday for continuing to purchase most of its military equipment and energy from Russia. The US leader imposed a surprise 25 per cent tariff on India an ...Read More >
Indian negotiators had not expected to conclude a meaningful deal in time to meet Mr. Trump's revised deadline of Aug. 1. But they did expect to be treated as well as their neighbors, and to keep haggling with American officials until October or November, when Mr. Trump was invited to visit India as part of the Quad defense group, which brings together four big democracies -- India, the United States, Japan and Australia -- with a shared interest in standing up to China. Instead, they were fed ...Read More >
India is importing more crude oil from the United States. Imports have increased significantly since January 2025. The rise is particularly noticeable in the April-June quarter. The financial value of these imports has more than doubled. India's imports of LPG and LNG from America have also increased. Both countries are optimistic about their relationship. India has dramatically increased its crude oil imports from the United States since President Donald Trump returned to the White House for h ...Read More >
New Delhi: US and European officials believe that Russian President Vladimir Putin's security agencies are curbing the ongoing hybrid warfare campaign in Europe. According to a Bloomberg report, officials say that there has been a decrease in suspected Russian-backed sabotage incidents this year. Russia has been blamed for attacks across Europe through hybrid campaigns. According to officials, Russian intelligence agents pay proxies to target civilian infrastructure and individuals for these ope ...Read More >
The cancellation comes from Indian reactions to US tariffs, Russian defense ties, and a preference for domestic military production over foreign hardware purchases. Earlier this year, US President Donald Trump opened the door to India purchasing the fifth-generation Lockheed Martin F-35 Lightning II. However, New Delhi has all but slammed shut that door, after Trump also announced a 25 percent tariff on Indian goods that was to go into effect on Friday. Indian officials were reportedly "shocke ...Read More >
Mumbai: Following allegations that the minister of state (MoS) for home, Yogesh Kadam, was running a dance bar with a licence in his mother's name, the Kadam family reportedly surrendered the orchestra licence of Savali bar in Kandivli on Friday. Shiv Sena (UBT) MLC Anil Parab criticised the licence surrender, stating it proves his allegations were right and that a dance bar was being operated by the Kadam family. Parab demanded Yogesh Kadam's resignation, arguing that just because a thief retur ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local S ...Read More >
New Delhi: The government stated on Friday that it has not held any formal discussions with the United States regarding its proposal to sell fifth-generation F-35 fighter jets to India. This clarification comes in the wake of a Bloomberg report on Thursday, which claimed that India had informed the US of its disinterest in acquiring F-35 jets. According to the report, the Modi government is more inclined towards partnerships focused on jointly designing and manufacturing defence equipment domes ...Read More >
By Serene Cheong and Yongchang Chin Aug 1, 2025 (Bloomberg) -India's largest oil refiner has snapped up millions of barrels of crude from the US and UAE, with the South Asian nation facing mounting pressure from US and Europe over its purchases from Russia. State-owned Indian Oil Corp, bought at least 5 million barrels US crude, on top of two million barrels of supplies from Abu Dhabi, according to traders who asked not to be identified as they aren't authorized to speak publicly. The purchase ...Read More >
New Delhi, Jul 18 (PTI) Delhi Art, Culture and Tourism Minister Kapil Mishra on Friday visited the Prime Ministers Museum and Library (PMML) at Teen Murti Marg, with singer and music director Himesh Reshammiya accompanying him. The museum, which showcases the lives and contributions of India's former prime ministers, features 14 high-tech galleries equipped with interactive and immersive exhibits, including a 6D helicopter ride, virtual photo booths, a handwriting robot, a time machine and a ki ...Read More >
Mumbai: Reliance Industries Ltd, India's most valuable company, beat estimates to post a sharp growth in revenue and profit for the April-June quarter, on the back of better earnings from telecommunications and retail even as weakness persisted in its crude-based businesses. A significant one-time gain from its divestment from Asian Paints also padded up the bottomline. Commissioning of manufacturing plants in Reliance's new energy business -- on which hinges its growth over the next decade -- ...Read More >
Amritsar, July 18 (SocialNews.XYZ) Leader of Opposition in Punjab and Congress lawmaker Partap Singh Bajwa, on Friday demanded that Chief Minister Bhagwant Mann immediately convene an all-party meeting in Amritsar to discuss continuing threats to the Golden Temple through threatening emails. Speaking after paying obeisance at Sri Harmandir Sahib, where he was accompanied by Congress MP Gurjeet Singh Aujla, Sukhwinder Singh Danny Bandala and other Congress leaders, Bajwa said that he met with of ...Read More >
Mumbai: JSW Steel Ltd reported better-than-expected profit for the June quarter, driven by higher production and sales volume as well as lower cost of coking coal, a key ingredient. The steelmaker's first-quarter profit jumped to ₹2,209 crore from Rs.867 in the same quarter a year ago, according to the company's exchange filings. A key reason for this was improved steel prices, primarily due to the government's 12% safeguard duty to protect the industry from cheap steel imports from China. "St ...Read More >
Tesla (TSLA) officially launched in India on Tuesday, making a small bet on a country with massive growth potential. Tesla's first showroom, dubbed a "Tesla Experience Center," opened in a fashionable mall in the cosmopolitan city of Mumbai, India's largest metropolis with nearly 13 million residents and more than 23 million including the greater region. Tesla's only car on offer is the refreshed Model Y, which will be imported from China, where Tesla builds models with right-hand drive. The c ...Read More >
The rupee appreciated 6 paise to 86.06 against the U.S. dollar in early trade on Friday (July 18, 2025) on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 85.99 before dropping to 86.06 against the US dollar, up 6 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against the US dollar o ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindr ...Read More >
TMTPOST -- India is seeking to reach a trade agreement that allows the upcoming tariffs imposed by the United States much lower than its Asian peers which have received letters dictating new reciprocal tariffs starting next month, according to a report on Thursday. India is seeking a trade deal at more favorable tariff rates than U.S. President Donald Trump had agreed with Indonesia and Vietnam, Bloomberg learned from officials in New Delhi. India is hoping for a tariff that would give it a com ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
Mumbai: Axis Bank reported a 4% fall in its June quarter net profit to ₹5,806 crore, below consensus estimates, as provisions rose sharply at the private lender and business income was tepid. Analysts polled by Bloomberg had estimated PAT at ₹6,375.8 crore. The lender had reported profits of ₹6,034.6 crore in the same period last year. Net interest income or the core income of the bank for the quarter under review was flat at ₹13,560 crores versus ₹13,448 crore in the corresponding quarter last ...Read More >
Bengaluru: LTIMindtree Ltd began the new fiscal year on solid footing, reporting revenue growth in line with expectations, led largely by clients in Europe and the retail segment. India's sixth-largest IT services company on Thursday reported $1.15 billion in revenue for the June-ended quarter (Q1FY26), a 1.97% sequential rise. This matched the consensus estimate from a Bloomberg poll of 31 analysts. Nearly three-fourths of its incremental revenue of $22 million came from clients based in Euro ...Read More >
WeWork India Management Ltd. is set to launch its IPO in August, aiming to raise up to 35 billion rupees ($407 million). The IPO will involve the sale of up to 43.75 million shares, with controlling shareholder Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd. offloading significant portions. WeWork India Management Ltd. began marketing an initial public offering in the South Asian nation to raise as much as 35 billion rupees ($407 million), according to people familiar with the matter. ...Read More >
The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable positi ...Read More >
Mumbai: Finally, Elon Musk's Tesla is opening its first showroom in India on July 15, 2025 at Bandra Kurla Complex (BKC) in Mumbai. The American Electric Vehicle (EV) manufacturer's India foray comes at a time when Tesla demand in European and Chinese markets has plummeted. Citing Reuters and Bloomberg, media reports said Tesla showroom opening on a 4,000 sq ft retail space at Unit G 1B, 2 North Avenue, Maker Maxity, BKC in Mumbai will not only showcase Tesla models but it will also be an "Exp ...Read More >
Hyderabad: Tesla has officially confirmed its entry into the Indian market this month. While the company is not yet manufacturing in the country, it is set to open its first showroom in Mumbai on July 15, IANS reported. The "experience centre" for Elon Musk-led automaker will operate from a 4,000 square feet commercial space in the Bandra Kurla Complex (BKC), near Apple's flagship store in the city. The showroom is expected to offer prospective customers access to pricing, available variants, a ...Read More >
NEW DELHI: A month after the deadliest aviation accident, the Air India 171 crash, a preliminary report is expected from the Aircraft Accident Investigation Bureau (AAIB), offering the first official insight into the cause of the Air India crash. The incident involved a Boeing 787 Dreamliner that went down just 30 seconds after takeoff in Ahmedabad on June 12, killing 241 people on board and over 30 on the ground. Only one passenger survived. The probe has been closely followed, with Bloomberg r ...Read More >
MUMBAI: HUL on Thursday named Priya Nair, who heads parent Unilever's beauty & wellbeing business, as MD & CEO. Nair, who joined HUL 30 years ago, will be the first woman to lead the consumer goods giant. The London-based Nair, 53, will take over the corner office in Mumbai on Aug 1, succeeding Rohit Jawa who will step down as MD & CEO on July 31. Jawa, who led HUL for a little over two years, was appointed for a five-year term ending June 26, 2028. His predecessor Sanjiv Mehta had held the CEO' ...Read More >
Nestle India Ltd. announced the issue of bonus shares through an exchange filing on Friday, with shareholders owning each equity share of face value Re 1 to receive a bonus share of the same face value. The decision was made during a meeting of the company's board of directors held on Friday. The bonus shares will be issued by capitalising free reserves and accumulated surplus. The record date for determining the eligibility of shareholders to receive the bonus shares will be announced separat ...Read More >
Following the tragic Air India Dreamliner crash in Ahmedabad, senior Air India pilots conducted simulator tests to explore potential causes. Recreating adverse conditions like high weight and temperature, they simulated flight with landing gear down and retracted flaps. The tests indicated the Boeing 787-8 could continue flying under those circumstances.A group of senior Air India pilots recreated on simulators some adverse conditions, such as flying with higher weight and temperature, and with ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o ...Read More >
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