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The Indian Rupee weakened against the US Dollar today. Month-end import demand and higher global crude oil prices are impacting the currency. Investors are awaiting the Federal Reserve's policy decision for further direction. Meanwhile, Indian equity markets showed gains in early trade. Crude oil imports from the United States have seen a significant increase. The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from im ...Read More >
New Delhi: After a gap of about three years, Russia is back among India's top five sources of steel, as Western sanctions force Moscow to reroute exports to Asia. The discounted shipments underscore the stress on Russian exports and India's rising demand for electrical steel used in transformers and electric motors. India imported the highest quantum of electrical sheets -- a kind of speciality steel -- from China, followed by Russia, for the six months ended September, steel ministry data show ...Read More >
NEW DELHI: India's largest oil refiner and fuel retailer, IndianOil, on Monday said it will comply with international sanctions, without referring to the latest US curbs on Rosneft and Lukoil -- two of the largest Russian crude exporters."We will abide by all sanctions imposed by the international community," company chairman Arvinder Singh Sahney said but declined to specify whether IndianOil will stop buying discounted Russian crude.IndianOil is the second Indian refining entity after private ...Read More >
New Delhi [India], October 27 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, will visit Brussels, Belgium, on 27-28 October 2025, to hold high-level discussions with Maros Sefcovic, Executive Vice-President and European Commissioner for Trade of the European Union, the Union Ministry of Commerce and Industry informed. The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, bal ...Read More >
NEW DELHI: Commerce and industry minister Piyush Goyal will visit Brussels on Oct 27 for talks with his EU counterpart to give political impetus to the proposed trade pact, as the deadline to conclude negotiations nears. During the two-day visit, Goyal will meet executive Vice-President and European Commissioner for trade of the EU Maros Sefcovic, the commerce ministry said on Sunday. "The visit comes at a crucial stage in the ongoing India-EU FTA negotiations, as both sides intensify efforts to ...Read More >
NEW DELHI, Oct 26: Commerce Minister Piyush Goyal will visit Brussels on October 27-28 to advance India-EU Free Trade Agreement (FTA) negotiations, meeting EU Trade Commissioner Maros Sefcovic. The visit aims to provide political impetus and strategic guidance as both sides work to conclude a comprehensive trade pact by December. Talks will focus on market access, non-tariff measures, regulatory cooperation, and areas needing convergence. This follows the 14th round of negotiations and prior d ...Read More >
New Delhi [India], October 27 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, will visit Brussels, Belgium, on 27-28 October 2025, to hold high-level discussions with Maros Sefcovic, Executive Vice-President and European Commissioner for Trade of the European Union, the Union Ministry of Commerce and Industry informed. The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, bal ...Read More >
India and the EU will discuss key areas of the proposed free trade agreement (FTA) including market access, non-tariff measures and regulatory cooperation, during commerce and industry minister Piyush Goyal's visit to Brussels on October 27-28. Goyal will hold high-level discussions with Maroš Šefčovič, Executive Vice-President and European Commissioner for Trade of the EU. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the ...Read More >
New Delhi [India], October 26 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, will visit Brussels, Belgium, on October 27-28 to hold high-level discussions with Maros Sefcovic, Executive Vice-President and European Commissioner for Trade of the European Union. The Minister's visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, balanced, and mutually beneficial trade agreement at ...Read More >
New Delhi: The IT ministry has proposed amendments to social media intermediary guidelines to incorporate the impact of artificial intelligence. The draft amendments, published on 22 October, seek to crack down on the rising menace of deepfakes. However, creators and other industry stakeholders have called for some alterations to what the ministry has proposed. Mint breaks down the proposals and their impact on AI users. Over the past four days, creators, through policy think-tanks, have raise ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
Indian rupee (left) and US dollar currency notes are held by a foreign exchange employee. File/AFP India will not accept limits on its trading choices or rush to sign agreements, Trade Minister Piyush Goyal said on Friday, even as a senior government official said a bilateral trade deal with Washington was "very near." "India will not sign any trade deal in a hurry," Goyal said during a speech at the Berlin Global Dialogue, referring to European Union and the US concerns over India's continued ...Read More >
Mumbai, Oct 25 (SocialNews.XYZ) The holiday-truncated week saw festive-driven optimism and upbeat consumer sentiment as it welcomed the Samvat 2082. However, the momentum gradually lost its steam, as geopolitical tensions and profit-taking weighed on investors' confidence. Record festive sales underscored India's surge in consumer demand this season, powered by resilient household spending and GST-driven affordability. PSU banking stocks led the rally, buoyed by news of potential consolidation ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi may be a no-show at the Oct 26-28 Asean summit, but progress in the review of the Asean-India Trade in Goods Agreement could lead to a much-needed boost in trade after negotiations hit a rough patch earlier in 2025. External Affairs Minister S. Jaishankar will represent India at the East Asia Summit in Kuala Lumpur, while Modi is on the campaign trail in Bihar state ahead of elections. But the Prime Minister, underlining the importance attached to ...Read More >
(The Center Square) - Indian conglomerate Reliance Industries said Friday it will adjust its refining operations to abide with U.S. and European sanctions on purchases of Russian crude oil. Reliance, India's largest oil importer, said in a statement posted on X that it is assessing the impact of restrictions announced in recent days by the European Union, United Kingdom and United States. The company said it will fully comply with applicable regulations while maintaining relationships with supp ...Read More >
Mumbai (Maharashtra) [India], October 24 (ANI): Reliance Industries said on Friday that it is assessing the implications, including the new compliance requirements, of the recent restrictions announced by the European Union, United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe and will comply with the EU's guidelines on the import of refined products into Europe. A Reliance Spokesperson said in a statement that whenever there is any guid ...Read More >
Mumbai, Oct 24 (PTI) Benchmark indices Sensex and Nifty declined on Friday amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. Snapping its six-day winning streak, the 30-share BSE Sensex dropped by 344.52 points or 0.41 per cent to settle at 84,211.88. During the day, it fell by 599.25 points or 0.70 per cent to 83,957.15. The 50-share NSE Nifty declined by 96.25 points or 0.37 per cent to 25,795.15 as 34 of its constituents closed lower an ...Read More >
New Delhi: Indian refiners are likely to ramp up crude oil purchases from the Middle East, Latin America and the US to compensate for reduced imports from Russia, following Washington's sanctions on two major Russian producers, sources and analysts said. The US government, on October 22, imposed sanctions on Russia's two largest crude oil producers, Rosneft and Lukoil, barring all American entities and individuals from conducting business with them. Non-US firms could also face penalties if fou ...Read More >
India-US Trade Deal: Commerce and Industry Minister Piyush Goyal, in a strong message to US, said on Friday India does not do trade agreements in hurry or with a "gun to our head". He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US. Notably, India and the US have been negotiating a trade deal, amid US President Donald Trump's continues warnings and tariff wars. He imposed 50 per cent tariff on India for buying Russian oil. ...Read More >
New Delhi : Igniting the next wave of renewable innovation, Informa Markets in India, the nation's foremost curator of B2B growth platforms, proudly announces the 18th edition of Renewable Energy India (REI) Expo, Asia's largest and most influential clean energy congregation. Scheduled from October 30 to November 1, 2025, at India Expo Mart, Greater Noida, REI 2025 will once again be co-located with the 3rd edition of The Battery Show India, together advancing India's vision for a cleaner, green ...Read More >
The US Consulate General in Chennai announced on Thursday, October 23, 2025, that it has reopened and restarted visa application processing. Only applicants with appointments scheduled for October 23 were allowed to attend, while those affected by the October 22 closure are being rescheduled and will receive new appointment details.The US Consulate General Chennai on Thursday announced that it will re-open and restart visa application processing services. In a post on X, the consulate said, "US ...Read More >
Founder of trade think tank Global Trade Research Initiative, Ajay Srivastava (Image: ANI)Amid a global economic slowdown, India must shift its export strategy towards long-term competitiveness, advises GTRI's Ajay Srivastava. As the global economy slows and trade dynamics shift, India must shift focus from traditional export strategies to building long-term competitiveness through technology, cost efficiency, and domestic capability, says Global Trade Research Initiative (GTRI) founder Ajay Sr ...Read More >
INS Trikand was deployed in the Gulf of Aden for maritime security operations. New Delhi: Indian warship INS Trikand carried out a rescue mission on board a Cameroon-flagged commercial carrier off the coast of Djibouti after the vessel caught fire, in which two crew members were killed. Photo Credit: Image posted on X by @indiannavy The vessel, MT Falcon, had 26 crew members (one British and 25 Indians), and 24 of them were rescued by merchant ships in the vicinity, according to the Indian N ...Read More >
For India -- whose dependence on cheaper Russian crude has risen significantly over the past three years -- these two firms account for about 60% of Russian oil supplies The fresh sanctions announced by the United States on Russia's two largest oil companies, Rosneft and Lukoil, are expected to raise India's crude oil import bill by around 2%, according to industry experts. Analysts noted that the two companies are among the world's major crude exporters, together supplying around 4 to 5 milli ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
NEW DELHI: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs on its exports to the U.S. - with half of those duties in retaliation for Russian oil purchases - and negotiates a potential trade deal that could bring those tariffs in line with Asian peer ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...Read More >
Senior Congress leader KC Venugopal has alleged that not only the PM SHRI scheme but every new incident in Kerala is part of a Bharatiya Janata Party (BJP)-Communist Party of India (Marxist) secret understanding. Speaking at a press conference here, Venugopal accused the left government of cooperating with the BJP on multiple fronts while pretending to oppose it publicly. Venugopal clarified that the Congress was not implementing the PM SHRI scheme. "It's wrong to say Congress is implementing ...Read More >
"It has become a prerequisite for each and every country to formulate a more thoughtful regulation that mitigates the challenges and harms of AI without hindering innovation." India is gearing up to introduce new legal obligations aimed at curbing the rising menace of deepfakes online. As reported by Reuters, the government on Wednesday proposed fresh regulations that would compel artificial intelligence (AI) developers and social media platforms to label any content generated by AI. The Minist ...Read More >
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