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Indian equity benchmarks - Nifty 50 and the BSE Sensex ended lower today, reversing a sharp rally seen in the previous session. The decline was triggered by renewed geopolitical tensions in the Middle East, rising crude oil prices, and persistent foreign investor outflows. Markets had surged on April 8 following news of a temporary two-week ceasefire agreement between the U.S. and Iran, raising hopes of de-escalation. However, sentiment quickly turned negative after reports claimed a breach in ...Read More >
New Delhi, Apr 5 (PTI) State-owned India Infrastructure Finance Company Ltd (IIFCL) is aiming to double its exposure in Infrastructure Investment Trusts (InvITs) to Rs 6,000 crore during the ongoing fiscal year as part of its investment diversification strategy. IIFCL has exposure of about Rs 3,000 crore across nine InvITs as of March 31, 2026. "We hope to double our investment in InvITs during the current financial year. It should reach Rs 6,000 crore by the end of March 2027," IIFCL MD Rohit ...Read More >
New Delhi: India Infrastructure Finance Company Ltd (IIFCL) plans to mobilise up to USD 1 billion through the MIGA guarantee fund during the ongoing first quarter to support infrastructure development across the country. The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against non-commercial risks to facilitate the flow of foreign investment in developing countries and lift people out of poverty. "We are in the process of seeking approval for mobilising up to USD 1 billi ...Read More >
Kolkata, Apr 5 (PTI) Amid speculations on the BJP's chief ministerial face in the West Bengal assembly polls, state BJP president Samik Bhattacharya said the party had not taken any decision on the matter and would instead seek votes in the name of Prime Minister Narendra Modi and his "development agenda". Bhattacharya said the BJP did not distinguish between "organic" and "inorganic" leaders, and that "whoever the people identify as fighters against the TMC's misrule can be the party's face af ...Read More >
New Delhi, Apr 5 (PTI) State-owned India Infrastructure Finance Company Ltd (IIFCL) is aiming to double its exposure in Infrastructure Investment Trusts (InvITs) to Rs 6,000 crore during the ongoing fiscal year as part of its investment diversification strategy. IIFCL has exposure of Rs 3,000 crore across nine InvITs as of March 31, 2026. "We hope to double our investment in InvITs during the current financial year. It should reach Rs 6,000 crore by the end of March 2027," IIFCL MD Rohit Rishi ...Read More >
Maldives typically sources most of its fuel from Oman. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India is supplying fuel to Bangladesh, Nepal, Bhutan, and Sri Lanka under commercial agreements * Maldives has requested petroleum supplies from India for short- and long-term needs * Maldives usually sources fuel from Oman, but Middle East disruptions affect supply routes Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Maldives is seeking fuel su ...Read More >
SAMBALPUR: Two persons including a 65-year-old retired assistant sub-inspector (ASI) have been arrested for embezzling government funds to the tune of Rs 3.67 crore from the Excise department, police said on Friday. The accused are Sandeep Kumar Pattnaik (38), a suspended junior assistant, and Sarat Chandra Behera, a retired ASI of the Excise department. Another accused Achyuta Dehury, also a retired ASI, is absconding. Briefing mediapersons here, Sambalpur SP Mukesh Bhamoo said the accused du ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia. The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi's efforts to balance relations with Moscow and Washington as the nearly four-y ...Read More >
NEW DELHI: India's state-owned aeronautics firm has signed a deal with a Russian aircraft manufacturer currently under United States and European sanctions. Hindustan Aeronautics Limited announced the agreement with United Aircraft Corporation to manufacture civil passenger aircraft in India for the first time. Defence Minister Rajnath Singh hailed this development as a landmark step for the Indian civil aviation sector. He stated the partnership would create jobs and boost national self-reli ...Read More >
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: 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: As trade pact negotiations gain traction, India is pressing for a fair deal and clearer signals from Washington on sanctions related to Russian oil. In a key meeting India's Ambassador to the US, Vinay Mohan Kwatra, met US Deputy Secretary of Energy James Danly to review the India-US energy security partnership and recent trends in bilateral energy trade. Sources said the talks also touched on how impending US sanctions could affect global oil flows, even as supplies remain stable. " ...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 >
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 >
MUMBAI: Geopolitical tensions pose a growing threat to cross-border payments, RBI said in its latest report on payments. The central bank warned that the global financial system's dependence on centralised infrastructure and a few dominant settlement currencies makes it vulnerable to international conflict and sanctions.According to RBI, sanctions or restrictions on financial systems or currencies can disrupt markets and limit access to essential financial services. Geopolitical tensions can als ...Read More >
Reuters: Indian refineries are ready to significantly reduce purchases of raw materials from Russia. Reliance Industries, India's largest private buyer of Russian oil, will be forced to reduce or stop imports in order to meet government requirements. The country may change its oil strategy in the face of global pressure, the agency said. After the conflict began in 2022, India became the largest buyer of discounted Russian oil, importing up to 1.7 million barrels per day. The decision to reduc ...Read More >
LONDON, Oct 20 (Reuters) - Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow's invasion of Ukraine in 2022. ...Read More >
NEW DELHI: India on Thursday firmly rejected the United Kingdom's latest sanctions on Russia's oil sector, criticising the move as unilateral and warned against "double standards" in global energy trade. Among the entities targeted was Indian refiner Nayara Energy, which London accused of facilitating Russian oil exports. "We have noted the latest sanctions announced by the UK. We do not subscribe to any unilateral sanctions," said External Affairs Ministry spokesperson Randhir Jaiswal. "The Go ...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: India on Thursday firmly rejected the United Kingdom's latest sanctions on Russia's oil sector, criticising the move as unilateral and warned against "double standards" in global energy trade. Among the entities targeted was Indian refiner Nayara Energy, which London accused of facilitating Russian oil exports. "We have noted the latest sanctions announced by the UK. We do not subscribe to any unilateral sanctions," said External Affairs Ministry spokesperson Randhir Jaiswal. "The Go ...Read More >
NEW DELHI: India on Thursday firmly rejected the United Kingdom's latest sanctions targeting Russia's oil sector and Indian firms, reiterating that it does not recognise unilateral sanctions, warning against "double standards" in energy trade."We have noted the latest sanctions announced by the UK... We do not subscribe to any unilateral sanctions. The Government of India considers the provision of energy security a responsibility of paramount importance to meet the basic needs of its citizens," ...Read More >
Mysuru/Bengaluru: Hours after IT-BT minister Priyank Kharge Wednesday shared a video of a phone call in which an unidentified man, claiming affiliation with RSS, allegedly abused him in Hindi, home minister G Parameshwara said the govt has ordered an investigation. "We will find out who threatened the minister. We will identify the source," Parameshwara said. "A minister has the right to share his opinions. Threatening him for this is unacceptable. Action will be taken. Though tracking callers i ...Read More >
New Delhi [India], October 16 (ANI): The British High Commission in India on Wednesday said that the United Kingdom has announced joint action with the United States to make Southeast Asia safer from scams. According to the statement, masterminds behind industrial-scale scam centres in Southeast Asia have been targeted by sanctions in coordination with the US. The move aims to expose and disrupt the network's operations, effectively locking them out of the UK's financial system. The British Hi ...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 >
India 'Cashes In' On Russia's Oil 'Crisis': How Ukraine's Drone Strikes Are 'Helping' India Tuesday, September 16, 2025 by Indian Defence News India has leveraged the disruption caused by Ukraine's intensified drone attacks on Russian oil refineries, which have significantly reduced Russia's processing capacity and created bottlenecks in global supply. With Russia forced to offload crude at even steeper discounts, India has sharply increased its intake, ensuring both cost savings for its refin ...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 >
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 >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
New Delhi, Aug 26 (SocialNews.XYZ) Afghanistan Foreign Minister Amir Khan Muttaqi's visit to India, planned for later this week, has been cancelled, sources in Kabul told IANS on Tuesday. As Delhi and Kabul are facing a new tectonic shift in their bilateral relations after the takeover of the Taliban in 2021, both nations have enhanced their diplomatic relations, and it could have been a major development if Foreign Minister Muttaqi had visited Delhi. Sources in Kabul told IANS that the visit ...Read More >
NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy said on Thursday it was talking to government authorities and partners to maintain operational stability of its 400,000 barrels per day refinery and fuel supplies despite EU sanctions hurting the supply chain. The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil. The private company sells about 70% of its refine ...Read More >
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