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Mumbai (Maharashtra) [India], August 28 (ANI): The Indian stock market tumbled on its second consecutive session, ending in the red territary on Thursday due to the additional 25 per cent import tariffs by the US on Indian imports, which came into effect a day earlier. At the end of the trading session today, BSE Sensex was down 705.97 points or 0.87 per cent at 80,080.57, and the Nifty 50 at National Stock Exchange (NSE) slipped 211.15 points or 0.85 per cent at 24,500.90. Also Read | Ganesh ...Read More >
Mumbai (Maharashtra) [India], August 28 (ANI): The Indian stock market tumbled on its second consecutive session, ending in the red territary on Thursday due to the additional 25 per cent import tariffs by the US on Indian imports, which came into effect a day earlier. At the end of the trading session today, BSE Sensex was down 705.97 points or 0.87 per cent at 80,080.57, and the Nifty 50 at National Stock Exchange (NSE) slipped 211.15 points or 0.85 per cent at 24,500.90. From its recent hig ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
India is bracing for potential trade turmoil with the US as proposed 50% tariffs loom. Economist Swaminathan Aiyar suggests the dispute transcends trade, implicating geopolitics due to India's stance on Russian crude oil. Aiyar cautions about the impact on India's defense ties with the US, questioning future arms purchases if treated unfavorably. With just one day to go before the proposed 50% tariffs come into effect, India is bracing for a stormy phase in its trade relations with the United S ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) Navratna public sector undertaking Indian Renewable Energy Development Agency Limited (IREDA) on Monday signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) to achieve a revenue from operations of Rs 8,200 crore during the financial year 2025-26. The IREDA had exceeded its Revenue from Operations target in FY 2024-25, achieving Rs 6,743.32 crore against the target of Rs 5,957 crore. The MoU also inc ...Read More >
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat on Wednesday said. Addressing a press conference in the national capital, Russian Deputy Chief of Mission Roman Babushkin said the US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral". "..If Indian goods are facing difficulties entering the US market, the Russian market is welcoming Indian exports....," he said. "The sa ...Read More >
New Delhi, Aug 21 (PTI) India is neither the biggest purchaser of Russian oil nor it has the biggest trade surge with Moscow after 2022, External Affairs Minister S Jaishankar said on Thursday, in what appears to be the first clear response by a top government functionary following the US slapping an additional 25 per cent tariff on Indian goods for buying Russian oil. Jaishankar made the remarks in response to a question at a joint media briefing with Russian Foreign Minister Sergey Lavrov. " ...Read More >
Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to New Delhi's increased purchases of Russian oil. Western countries boycotting Russian crude say India's purchases are helping to fund Moscow's war in Ukraine. But New Delhi says its purchases are purely commercial transactions, and accuses the U.S. and European Union of double standards, noting that they continue significant trade with Moscow themselves. "We have good results in cooperation i ...Read More >
Moscow: India is "very perplexed" at the logic of the US argument in imposing an additional 25% tariff for buying oil from Russia. "We are not the biggest purchasers of Russian oil, that is China. We are not the biggest purchasers of LNG, that is the European Union. We are not the country which has the biggest trade surge with Russia after 2022; I think there are some countries to the south," External Affairs Minister S Jaishankar said during a joint press briefing in Moscow on Thursday, after ...Read More >
NEW DELHI, Aug 20 (Reuters) - Russia will continue supplying oil to India and the country's President Vladimir Putin will meet India's Prime Minister Narendra Modi in New Delhi by the end of year, a Russian embassy official in India said on Wednesday. Russia has a "very, very special mechanism" to continue oil supplies to India, Roman Babushkin, the charge d'affaires at the Russian embassy in India, told reporters at a press briefing, adding that India's crude oil imports from Russia will remai ...Read More >
India defends its right to purchase from the cheapest source, while strengthening ties with Russia and China. Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher US tariffs and harsh criticism from Trump administration officials for the trade. India's imports of Russian crude are likely to stay at current levels, Evgeny Griva, the deputy trade representative of Russia in India, told reporters in New Delhi on Wednesday. The remark ...Read More >
Pune (Maharashtra) [India], August 20: In India, the period from August to November is considered auspicious because of the various festivals celebrated during this time, including Ganesh Chaturthi and Diwali. These festivals are believed to bring happiness and prosperity. This positive sentiment makes the festive season the ideal time to invest in properties. Prospective homebuyers can also benefit from festive offers, such as special interest rates and slashed processing fees. To this end, Baj ...Read More >
New Delhi [India], August 20 (ANI): Indian stock markets on Wednesday closed with both benchmark indices higher after recovering from early losses. Sensex rose 213.45 points, or 0.26 per cent, to settle at 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28 per cent, ending at 25,050.55. Over the past five sessions, the Sensex has advanced around 2.3 per cent and the Nifty about 2 per cent, lifted by optimism around proposed Goods and Services Tax (GST) reforms. Experts note that str ...Read More >
New Delhi, Aug 20 (SocialNews.XYZ) Strongly backing India in the face of mounting US trade pressure, Charge d'Affaires of Russia in India Roman Babushkin on Wednesday asserted that Moscow will remain New Delhi's reliable partner regardless of Western criticism or sanctions. Addressing reporters in New Delhi, Babushkin remarked, "If the West criticises you, it means you are doing everything right. We don't expect India to stop buying Russian oil. This is a true strategic partnership -- we are co ...Read More >
MUMBAI, Aug 14 (Reuters) - S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth an ...Read More >
MUMBAI (Reuters) -S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
New Delhi, Aug 14 (PTI) Wholesale price inflation declined to a 2-year low of (-) 0.58 per cent in July, as deflation in food and fuel kept WPI in the negative zone for the second consecutive month, government data released on Thursday showed. Experts, however, projected WPI inflation to move back into positive territory in August, as base effects fade and seasonal price increases continue. WPI-based inflation was 2.10 per cent in July last year, and (-) 0.13 per cent in June. "Negative rate ...Read More >
Mumbai : Punjab National Bank (PNB), India's leading public sector bank, has signed a Memorandum of Understanding (MoU) with Maruti Suzuki India Limited (MSIL), to provide comprehensive inventory funding solutions for Maruti Suzuki's dealer network across India. This strategic partnership will offer customised financial products designed to enhance working capital access and strengthen the operational capabilities of automobile dealers nationwide. PNB is providing sanctions for credit facilitie ...Read More >
Donald Trump stated that US tariffs on India's Russian oil purchases have significantly impacted Russia's economy. He mentioned India as a major oil buyer from Russia. Trump claimed Russia's economy is struggling due to global pressures and US tariffs. He suggested that imposing tariffs on India, for buying Russian oil, was a major setback for Russia. President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a "big blow" to Moscow's economy, w ...Read More >
External Affairs Minister S Jaishankar is set to visit Moscow for talks with Sergey Lavrov, addressing trade, energy, and cooperation. Discussions will likely cover India's energy procurement from Russia, amid US tariff concerns, and preparations for President Putin's visit. The Ukraine conflict and the need for dialogue will also be on the agenda. External Affairs Minister S Jaishankar will travel to Moscow next week to hold crucial talks with his Russian counterpart Sergey Lavrov, amid some s ...Read More >
An Indian diesel cargo is on its way to China. This marks the first such shipment since April 2021. The EM Zenith departed from Nayara's Vadinar terminal. EU sanctions on Rosneft-backed refinery complicated payments for Nayara. The vessel initially headed to Malaysia but changed course. It is now destined for Zhoushan, China. A cargo of Indian diesel is heading to China, in what would be first such shipment since 2021, with oil product exports from Russia-linked Nayara Energy in a state of limb ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentin ...Read More >
New Delhi: India has been importing Russian crude oil at discounts ranging from 5 to 30 dollars per barrel for the past three years. According to a report by Moneylife, private companies such as Reliance and Nayara, along with state-owned firms like Indian Oil and Bharat Petroleum, pocketed around 65 percent of the benefits from these discounted imports. The Indian government received the remaining 35 percent. Ordinary consumers saw little or no relief at fuel stations. Recent tariffs imposed b ...Read More >
New Delhi [India], August 13 (ANI): Former diplomat Vikas Swarup on Wednesday warned that the US is making a 'strategic mistake' by strengthening ties with Pakistan, a country closely aligned with China, a strategic competitor of the US. In an interview with ANI, Swarup, a former High Commissioner to Canada, said, 'I think it's a strategic mistake on the part of the US that you are getting into bed with Pakistan, which is in bed with China. China is the US' strategic competitor.' Swarup's comm ...Read More >
New Delhi: In a significant development amid the imposition of increasing tariffs and penalties on India by the US led by President Donald Trump, India's largest bank, the State Bank of India (SBI) has indicated in its report that India's crude oil import bill could increase by USD 9 billion to USD 12 billion, if the country stops buying Russian crude oil. Here are all the details you need to know about how much oil Russia is exporting to India and what has the SBI said on the loss if India stop ...Read More >
Trump did not specify what the new tariff would be, but it comes just days after he unveiled a hefty 25% levy on India. In a statement, a spokesman for India's foreign ministry, Randhir Jaiswal, said the US had encouraged India to import Russian gas at the start of the conflict, "for strengthening global energy markets stability". He said India "began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict". India also criticised the US - ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday (Aug 6), in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation that begins on Aug 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a request for ...Read More >
NEW DELHI (Reuters) -- Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organization that begins on Aug. 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a reques ...Read More >
NEW DELHI, Aug 6 (Reuters) - Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation that begins on Aug. 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a ...Read More >
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