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Oil markets are trying to make sense of claims from Donald Trump about whether India and China will continue to purchase Russian oil, offering the latest example of how the president is willing to intertwine energy, trade, and geopolitics. This past week has seen Trump repeatedly claim that India is soon set to buy "no oil" from Russia, which, earlier in the week, Indian officials declined to confirm. Trump was unbowed, saying Friday at the White House, "They've already de-escalated." Equally ...Read More >
By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen, as President Donald Trump's administration presses New Delhi and other nations to buy less Russian crude. Russian oil is a main irritant for Trump in prolonged trade talks with India - half of his 50% tariffs on Indian goods are in retaliation for those purchases. His administration says Mosc ...Read More >
India has backed Afghanistan in its latest conflict with Pakistan, expressing full support for Afghan territorial integrity. In a media briefing on Thursday, Indian Foreign Ministry spokesperson Randhir Jaiswal told reporters that Pakistan "hosts terrorist organizations" and "sponsors terrorist activities" in the neighborhood. "It is an old practice of Pakistan to blame its neighbors for its own internal failures, and Pakistan is infuriated with Afghanistan exercising sovereignty over its own ...Read More >
The Ministry of Mines has released the State Mining Readiness Index. This initiative promotes reforms in the mining sector. States are ranked based on their mineral endowment. Madhya Pradesh, Rajasthan, and Gujarat lead Category A. Goa, Uttar Pradesh, and Assam are top in Category B. Punjab, Uttarakhand, and Tripura lead Category C. New Delhi, The Ministry of Mines on Thursday released the State Mining Readiness Index and state rankings to promote reforms in the mining sector, in line with comm ...Read More >
New Delhi: The United States has long been pressuring India to stop purchasing Russian oil. The Donald Trump-led administration has even imposed a 50 per cent tariff on India. Trump has also consistently claimed that India could soon stop buying Russian oil. On Wednesday, October 15, he even said that Prime Minister Narendra Modi had personally agreed to stop these purchases "in a short time." Russian Ambassador to India Denis Alipov stated that Russian oil is "very beneficial to the Indian eco ...Read More >
Dehradun (Uttarakhand) [India], October 17 (ANI): Under the "State Mining Readiness Index (SMRI)" scheme introduced by the Government of India, Uttarakhand has secured second place in Category-C at the national level, earning an incentive grant of ₹100 crore, said a release issued by the State government. The Ministry of Mines has unveiled the State Mining Readiness Index (SMRI) and the state-level rankings. According to the official communication from the Union Ministry of Mines, SMRI is a key ...Read More >
New Delhi: India's crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd in September. However, tanker-tracking data for early October suggest a rebound: shipments of Urals and other Russian grades to India have picked up pace ...Read More >
New Delhi: US President Donald Trump said Prime Minister Narendra Modi on Wednesday assured him that India will end Russian oil purchases, though not immediately -- a claim the Ministry of External Affairs (MEA) disputed, saying the two leaders had "no telephonic talks" that day. "It has been our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario. Our import policies are guided entirely by this objective," the MEA said in its first reaction to Tr ...Read More >
NEW YORK (Reuters) -Oil prices were stable on Thursday as traders prepared for a potential halt to India's Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere. Brent crude futures were down 28 cents, or 0.45%, to $61.63 a barrel at 12:40 p.m. EDT (1640 GMT). U.S. West Texas Intermediate futures were down 19 cents, or 0.33%, to $58.08. U.S. President Donald Trump said Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from ...Read More >
Illustration: Donald Trump and Narendra Modi amid US-India-Russia oil tensions over Ukraine President Donald Trump announced on 15 October that Indian Prime Minister Narendra Modi had committed to halting oil purchases from Russia, a step Trump said would make it easier to pressure Moscow to end Russia's war against Ukraine, now in its fourth year. India has been one of Russia's key economic partners since Western sanctions targeted Russian energy exports following the February 2022 invasion. ...Read More >
He added: "Indian companies source energy supplies from around the world while taking overall market conditions into account. We would stress that there should be no double standards, especially when it comes to energy trade." Nayara Energy has come under the lens of Western governments given that 49.13 percent of the Indian company is owned by Russia's petroleum giant Rosneft. Nayara, formerly Essar Oil Ltd, operates a refinery at Vadinar in Gujarat, which was hit with sanctions by the Europea ...Read More >
NEW DELHI (Reuters) -Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain imposed sanctions on top Russian oil firms. Ukrainian President Volodymyr Zelenskiy is schedule to meet Trump in Washington on Friday to push for military and energy support at a time when Kyiv and Moscow are escalating the war with attacks on energy infrastructure. Indian officials are also in Washington for trade t ...Read More >
New Delhi, Oct 16 (SocialNews.XYZ) US President Donald Trump, after an unsuccessful attempt at a ceasefire in Ukraine, is intending wider economic squeeze on Moscow through potential halt in global energy imports from Russia. In this endeavour, he has chosen to focus on his "good friend" Prime Minister Narendra Modi of India. Since imposing a large sum of "reciprocal" trade tariff, Trump has been critical of New Delhi for continuing to buy Russian oil. Two other factors also weigh upon Washin ...Read More >
NEW DELHI: Global crude oil prices rebounded from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had promised to halt purchases of Russian barrels -- a move that could tighten global supply. Speaking to reporters at the White House, Trump said, "So I was not happy that India was buying oil, and he (Prime Minister Narendra Modi) assured me today that they will not be buying oil from Russia. That's a big step. Now we're going to get China to do the same ...Read More >
New Delhi, Oct 16 (SocialNews.XYZ) India has made it clear that the country's import policy for oil and gas is guided entirely by the interests of the Indian consumers amid a volatile global energy market. The statement was issued hours after US President Donald Trump said that Prime Minister Narendra Modi has assured him that India will reduce purchases of Russian crude oil. "India is a significant importer of oil and gas. It has been our consistent priority to safeguard the interests of the ...Read More >
NEW DELHI: A team of Indian officials led by commerce secretary Rajesh Agarwal is once again headed to the US for talks on the proposed bilateral trade deal, amid indications that Trump administration is keen to move ahead.Officials indicated that delegation would visit Washington this week itself as the two sides seek to thrash out a deal in a few weeks. The move comes just a day after US ambassador-designate Sergio Gor met PM Modi and held discussions with Agrawal. "During my visit to India, I ...Read More >
Indian Renewable Energy Development Agency (IREDA), the public sector power financier, on Tuesday posted a consolidated net profit of Rs 549.33 crore for Q2 FY26, up 41.5% year-on-year (YoY) from Rs 388 crore in the same quarter last year. Post earnings announcement, shares of the company rose 4% to the day's high of Rs 155.85 on the BSE. Revenue from operations rose 26.2% YoY to Rs 2,057 crore, compared with Rs 1,629.55 crore in Q2 FY25, the company said in an exchange filing. Asset quality ...Read More >
Afghanistan's UN-sanctioned foreign minister arrived in India on Thursday, the first visit by a top Taliban leader since they returned to power in 2021 following the withdrawal of US-led forces. Amir Khan Muttaqi's trip -- made possible after the UN Security Council granted him a travel waiver -- is expected to be closely watched by India's arch-rival Pakistan, as New Delhi deepens its engagement with the Taliban government. "We look forward to engaging discussions with him on bilateral relati ...Read More >
Mumbai, India - British Prime Minister Keir Starmer began a two-day visit to India on Wednesday with the aim of building on the trade deal signed between the countries in July. He was joined by more than 100 leaders from the business, cultural, and university sectors in what the UK government dubbed the largest British trade mission ever. Upon arrival in Mumbai, Starmer told the trade mission delegates that the deal 'provides huge opportunities,' adding that he had asked his team to implement ...Read More >
Moscow/New Delhi, Oct 7 (SocialNews.XYZ) Prime Minister Narendra Modi on Tuesday held a telephone conversation with the Russian President Vladimir Putin, during which he also congratulated him on his 73rd birthday and conveyed best wishes for his good health and success in all his endeavours. The two leaders reviewed the progress in the bilateral agenda, and reaffirmed their commitment to further deepen the Special and Privileged Strategic Partnership between India and Russia. PM Modi conveyed ...Read More >
India is exploring procuring additional S-400 surface-to-air missile systems from Russia, given their proven effectiveness during Operation Sindoor. This potential acquisition, along with interest in S-500 systems, may be discussed during Russian President Vladimir Putin's December visit, building on the 2018 deal for five units. India is looking at procuring additional batches of S-400 surface-to-air missile systems from Russia as the weapons proved to be very effective during Operation Sindoo ...Read More >
Finance Minister Nirmala Sitharaman asserted India's strong capacity to absorb global shocks amid a structural world economic transformation. Speaking at the Kautilya Economic Conclave, she emphasized India's domestic-driven growth, which minimizes external impact. New Delhi, Finance Minister Nirmala Sitharaman on Friday said India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not o ...Read More >
New Delhi: Prime Minister Narendra Modi may meet US President Donald Trump on the sidelines of the ASEAN Summit in Kuala Lumpur on October 26-27, if the American leader confirms his participation, according to reports. Modi is expected to travel to the Malaysian capital for the ASEAN-India Summit, which is held alongside the main ASEAN meet, and also attend the East Asia Summit where both India and the US are participants. Malaysian Prime Minister Anwar Ibrahim has already extended an invitation ...Read More >
New Delhi [India], October 1 (ANI): The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the opening of 57 new Kendriya Vidyalayas (KVs) under the Civil sector across the country to facilitate the educational needs of the wards of an increased number of Central Government employees. According to an official release from the Ministry of Education, the total estimated requirement of funds for the establishment of the 57 new KVs is Rs 5862.55 crore (appr ...Read More >
Indian Renewable Energy Development Agency (Ireda) shares rose 3.7 per cent on BSE, logging an intra-day high at ₹154.35 per share. At 9:21 AM, Ireda's share price was trading 3.29 per cent higher at ₹153.65 per share on BSE. In comparison, the BSE Sensex was up 0.09 per cent at 80,337.79. The market capitalisation of the company stood at ₹43,163.84 crore. Its 52-week high was at ₹239.95 per share and 52-week low was at ₹137 per share. Why were Ireda shares in demand? The buying on t ...Read More >
Russian Foreign Minister Sergey Lavrov. (File) New York: At the 80th session of the United Nations General Assembly (UNGA), Russian Foreign Minister Sergey asserted that the economic partnership between India and Russia is "not under threat" amid the US tariffs on India for buying Russian oil. Responding to a question by ANI on secondary sanctions imposed on India by the US for importing Russian oil, Russian Foreign Minister Sergey Lavrov said, "(The economic partnership between India and Rus ...Read More >
MUMBAI: RBI is expected to keep policy rates unchanged in its three-day monetary policy committee meet that starts on Monday. Most economists cite resilient growth, benign inflation and external uncertainties as reasons for a pause, even as the tone of RBI's guidance is likely to be more dovish than the action itself. Some economists, however, see scope for a 25-basis-point (100bps =1 percentage point) cut as inflation could dip below target.The Oct decision is seen as trickier than Aug, with gl ...Read More >
New Delhi, Sept 28: UN economic and military sanctions have been reimposed on Iran, 10 years after they were lifted under the 2015 nuclear deal, the BBC reported. The move came after the UK, France and Germany, the three European signatories to the Joint Comprehensive Plan of Action (JCPOA), triggered "snapback" mechanism, accusing Tehran of "continued nuclear escalation" and failure to cooperate, reports BBC. Iran suspended mandatory inspections of its nuclear facilities after US and Israeli a ...Read More >
Chennai, Sep 27 (SocialNews.XYZ) Marumalarchi Dravida Munnetra Kazhagam (MDMK) general secretary Vaiko has warned that the United States' latest decision to impose a steep 100 per cent import duty on medicines could deal a severe blow to India's pharmaceutical exports and trigger a wider trade crisis. Quoting data from the World Trade Organization (WTO), Vaiko said pharmaceuticals form India's single largest industrial export segment. Each year, India ships about $12.7 billion worth of medicin ...Read More >
CHENNAI: The Madras High Court on Friday directed Sony Music Entertainment India Private Limited to produce the accounts of revenue it earned through the "commercial exploitation" of composer Ilaiyaraaja's musical works. The direction was issued by Justice N Senthilkumar while hearing the civil suits and applications filed by Ilaiyaraaja against Sony Music, Echo Recording Company Private Limited, and Oriental Records, alleging exploitation of his works without consent. The judge granted time t ...Read More >
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