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NEW DELHI, Sept 26 (Reuters) - India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil. India's foreign ministry called the remarks speculative and said on Friday there was no such conversation. NATO Secretary General Mark Rutte, in an interview with CNN, had spoken about U.S. President Donald Trump's doubling of ...Read More >
Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation's refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela. A delegation visiting the US this week reiterated the request in meetings with American officials, a person with knowledge of the discussions said, asking not to be identified as the talks are private. Indian representatives have emphasized that si ...Read More >
(Reuters) -U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the European U ...Read More >
Sept 26 (Reuters) - U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the E ...Read More >
NEW DELHI: The ministry of external affairs (MEA) on Friday hit out at Nato chief Mark Rutte over his recent remark claiming that Prime Minister Narendra Modi called Russian President Vladimir Putin after the US tariff move. In a strongly-worded reply, the MEA termed the remark "factually incorrect" and "entirely baseless".MEA spokesperson Randhir Jaiswal clearly stated that "at no point has Prime Minister Modi spoken with President Putin in the manner suggested. No such conversation has taken p ...Read More >
TEHRAN - India has imported a large shipment of Iranian crude for the first time in years, raising speculation that New Delhi may be preparing to resume broader purchases despite U.S. sanctions. Data from India's Ministry of Commerce and Industry showed the country imported Iranian crude worth $111 million in June. India had halted purchases of Iranian oil in 2018 after Washington's withdrawal from the nuclear deal and the reimposition of sanctions. In addition to crude, India imported $94 mi ...Read More >
Despite trade disputes and concerns over Russian oil imports, the US and India navigate a period of diplomatic friction. High-level engagements, including Secretary Rubio's meeting with Minister Jaishankar and a positive phone call between Presidents Trump and Modi, highlight the relationship's importance. The US emphasizes a commitment to expanding cooperation, viewing India as a crucial partner. The United States and India are working through a period of diplomatic friction amid what appears ...Read More >
Ukrainian President Zelenskyy expressed optimism about India's support for Ukraine in the conflict with Russia, despite ongoing concerns from the U.S. regarding India's energy trade with Moscow. While the U.S. considers tariffs to deter Russian oil purchases by India and China, Zelenskyy emphasized the importance of maintaining ties with New Delhi. Ukrainian President Volodymyr Zelenskyy on Tuesday (local time) said he believes India is "mostly" on Kyiv's side in the war with Russia, even as th ...Read More >
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it's a gradual shift. "It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade," he said, adding that the move was steady but not yet large-scale.Govt and RBI have been working on internationalisation of the rupee to protect forex reserves and ensure ene ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances ...Read More >
SRINAGAR: Chief Secretary, Atal Dulloo, on Thursday chaired a high-level meeting to review the performance of departments with regard to utilization of the annual budget and revenue realization in J&K. The meeting was attended by Principal Secretary, Finance Department, Santosh D. Vaidya; Administrative Secretaries of all departments; Director General, Resources; Director General, Accounts & Treasuries; Director General, Budget, besides other senior officers. During the review, the Chief Secret ...Read More >
NEW DELHI: Government said Friday it had taken note of the US state department statement announcing revocation of sanctions waiver for Chabahar Port, adding that it is examining its implications for India.India has been actively working with Tehran since 2015 to develop Chabahar Port in Iran, as it provides India an alternative and reliable maritime access route into Afghanistan, and to Central Asia utilising the Zaranj-Delaram road it built in Afghanistan.Looking to isolate Iran, the US earlier ...Read More >
NEW DELHI, Sept 15 (Reuters) - Russian-backed Indian refiner Nayara Energy is seeking Indian government help to source equipment and materials needed for maintenance as European Union sanctions make it difficult to secure key items, three people familiar with the matter said. The private refiner has approached the Centre for High Technology, an advisory body under India's oil ministry, seeking assistance in sourcing specialised equipment, catalysts, and other raw materials, the sources said. N ...Read More >
The Noble Walker, a sanctioned vessel carrying Russian oil, has rerouted to India's Vadinar port after Adani Group banned blacklisted ships from Mundra port. Carrying about a million barrels of Russian crude for HMEL, the vessel was previously headed to Mundra. India has been tightening surveillance on Russian oil vessels after becoming a major buyer. Sanctioned ship Noble Walker carrying Russian oil has changed course to India's Vadinar port after the country's Adani Group banned entry of blac ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
SINGAPORE/NEW DELHI: Sanctioned tanker Spartan has discharged Russian crude oil at India's Mundra port despite a ban by the Adani Group on entry of blacklisted ships at the terminal, ship tracking data from LSEG and Kpler showed on Tuesday. The Suezmax tanker discharged 1 million barrels of Urals crude at Indian refiner HPCL-Mittal Energy Ltd's (HMEL) Mundra terminal, Kpler data showed. Spartan, formerly known as SCF Samatlor, has been blacklisted by the European Union and Britain for breachin ...Read More >
NEW DELHI: US chief negotiator for the proposed trade pact with India Brendan Lynch was expected to land in Delhi early Tuesday for talks with his Indian counterpart Rajesh Agarwal. While formal negotiations are yet to resume, the visit by the assistant US Trade Representative signals the two sides may try to narrow some of the gaps after US President Donald Trump imposed 50% tariffs on India last month.A team led by Lynch was to visit India last month, but the trip was postponed days before Tru ...Read More >
New Delhi: US President Donald Trump has demanded that NATO and EU member states impose tariffs of up to 100 percent on China and India. The goal, he said, is to pressure Russian President Vladimir Putin to end the war in Ukraine. Trump, who pledged to resolve the conflict "on day one" of his presidency, raised the proposal during a meeting with European Union officials last Tuesday. The measure is seen as a way to accelerate negotiations between Moscow and Kyiv. The Financial Times first repo ...Read More >
Mumbai: Nayara Energy may have to offer a $1-2 per barrel discount to India's state-run oil marketing companies (OMCs) to sell petrol and diesel that the Russian-owned refiner cannot export due to European sanctions, people close to the development said. The Rosneft-backed company, which operates a 20-million-tonne refinery in Gujarat, has been in talks with Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation to place its refined fuel with them. These state- ...Read More >
New Delhi: The Russian Foreign Ministry has sent out a strong message at a time when the United States has moved ahead with steep tariffs on Indian goods. Moscow said India continues to stand by Russia and called the bond between the two nations firm and enduring. The ministry underlined that every attempt to weaken this relationship will collapse before it even begins. Speaking to RT, the Russian official welcomed India's decision to keep cooperation alive despite external pressure and constan ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) RSS chief Mohan Bhagwat's statement on Friday that tariffs on Indian goods have been imposed out of fear of a stronger India was not in isolation. SBI Capital Markets, in its report "Tariffs are Made in the USA, but Resilience is Made in India," described the aggressive US tariff regime as a "key flashpoint" designed to pressure India's external sector. The report had viewed the approach as targeted at curbing India's broader economic momentum. However, rece ...Read More >
India's pivotal shift in consolidating a Russia-India-China (RIC) axis, though tactically alluring, risks rendering it more vulnerable and increasingly isolated as a purported leader of the democratic Global South. The Shanghai Cooperation Organisation (SCO) summit in Tianjin, where Prime Minister Narendra Modi walked hand-in-hand with Xi Jinping and Vladimir Putin, crystallised a new phase of India's strategic signalling at a time when our economy is more interlinked with China and Russia than ...Read More >
New Delhi: Former US National Security Advisor John Bolton has strongly criticised the Trump administration's handling of India-US relations, calling Donald Trump's foreign policy "erratic" and "transactional". He also questioned the appointment of Sergio Gor as the next US Ambassador to India, saying he does not consider him "qualified" for the role. "I don't think he's qualified to be US Ambassador to India," Bolton told ANI, referring to Gor, a former Republican operative and close Trump all ...Read More >
NEW DELHI, Sept 11 (Reuters) - India's Adani group has stopped accepting vessels that are sanctioned by the European Union, U.S. and Britain at all of its ports, sources said and orders issued by Adani Ports and Logistics show. No immediate comment was available from Adani. Adani, which operates 14 ports, has issued multiple orders with similar contents. "To safeguard the legal and commercial interests of the Port, we hereby emphasize that sanctioned vessels are not accepted," it said in the ...Read More >
Congress leader Shashi Tharoor criticized US tariffs on Indian exports, saying 1.35 lakh jobs have been lost in gems, jewelry, seafood, and manufacturing sectors. He called President Trump "mercurial" and unfair for imposing additional penalties on Russian oil imports. Tharoor urged India to diversify export markets, strengthen ties with Europe, China, and Russia, and not rely solely on the US. Senior Congress leader Shashi Tharoor on Friday said the tariffs imposed by the US has impacted India ...Read More >
India CPI Inflation Data: India's consumer price index (CPI) inflation, also known as retail inflation, increased in August 2025 to 2.07% against 1.61% in July 2025, according to the Ministry of Statistics & Programme Implementation (MoSPI) data released Friday evening. The surge in retail inflation was driven by higher vegetable, meat and fish, prices. Food inflation moderated during the month, but record gold prices rally in August impacted the core inflation. Food inflation continued to rema ...Read More >
New Delhi [India], September 5 (ANI): Union Finance Minister Nirmala Sitharaman on Friday said that India will continue purchasing Russian oil, stressing that decisions will be guided solely by national interest. "Whether it is Russian oil or anything else, we will take a call based on what suits our needs in terms of rates, logistics or whatever. Where we buy our oil from, especially it being a big ticket foreign exchange related item, is a call we will take based on what suits us best. So, we ...Read More >
NEW DELHI: The mounting weight of US and European Union sanctions has begun to badly hit the Indian economy, with the country's vital energy sector now reeling under Western pressure. What started as Washington's punitive action against Russian-linked businesses has now been reinforced by Brussels, dealing a severe blow to India's oil imports and economic stability. Nayara Energy, a key Indian private refiner with Russian investment ties, has been thrust into the firing line. Following the EU' ...Read More >
NEW DELHI, Sept 1 (Reuters) - India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, with President Donald Trump imposing tariffs on Indian exports to the U.S. to discourage the country's crude buying. Treasury Secretary Scott Bessent accused India of pr ...Read More >
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war, ...Read More >
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