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Reliance Industries SEZ refinery will not face new export taxes on diesel and aviation fuel. This exemption stems from judicial pronouncements. The government reintroduced these levies on March 26 to encourage domestic fuel sales. These taxes are reviewed fortnightly. This move aims to manage global energy supply disruptions. Reliance operates two refineries in Jamnagar, Gujarat. The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries ...Read More >
Amid ongoing global energy supply disruptions, state-run oil marketing companies on Wednesday raised prices of commercial LPG and aviation turbine fuel (ATF), marking a significant increase across key fuel segments. The price of a 19kg commercial LPG cylinder was hiked by ₹195.5, taking the rate in Delhi from ₹1,883 on March 7 to ₹2,078.50 on Wednesday, a 10.4% increase. Commercial LPG is widely used by hotels, hostels and restaurants, and this is the second price hike in less than a month ...Read More >
In a significant move for the global space economy, European satellite giant Eutelsat is in talks with the Indian Space Research Organisation (Isro) to expand its launch options. As reported in Reuters, the France-based company is looking to diversify its partners beyond SpaceX and Europe's Ariane rockets to challenge Elon Musk's Starlink. This potential partnership highlights India's growing influence as a reliable and cost-effective hub for high-tech space missions. The discussions come at ...Read More >
New Delhi, Apr 1 (PTI) ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil prices. Aviation turbine fuel (ATF) price was increased by 8.5 per to Rs 104,927.18 per kl for domestic airlines, according to state-owned oil firms. ATF price for domestic airlines in Delhi was hiked by R ...Read More >
New Delhi, Apr 1: Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday while commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5%, to Rs 207,341.22 per kl, according to state-owned fuel retailers. This is the first time ever that ATF prices have crossed Rs 2 lakh ...Read More >
New Delhi, Apr 1 (PTI) Price of Aviation Turbine Fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month, but for domestic airlines, the increase would only be 8.5 per cent. Domestic airlines will pay half of what other carriers such as non-scheduled, adhoc and charter would pay. For them the prices have gone up by Rs 110,703.08 per kl, or 114.5 per cent, to Rs 207,341.22 per kl. Jet fuel prices wer ...Read More >
New Delhi (PTI): Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday but domestic airlines will not have to pay the steep increase as a mechanism is in works to shield them. Alongside, commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5 per cent, to Rs 207,34 ...Read More >
New Delhi, Apr 1 (PTI) Price of aviation turbine fuel (ATF), or jet fuel, was more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday while commercial LPG rates were raised by Rs 195.50 per cylinder, mirroring the surge in global oil prices linked to the widening West Asia conflict. ATF price in Delhi was hiked by Rs 110,703.08 per kilolitre, or 114.5 per cent, to Rs 207,341.22 per kl, according to state-owned fuel retailers. This is the first time ever that ATF prices have cross ...Read More >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simult ...Read More >
Bengaluru -- Aluminium prices surged to four-year highs on Monday as Iranian air strikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminium on the London Metal Exchange was up 4.7% to $3,453 a tonne at 10.48am GMT. Prices of the metal used in the transport, construction and packaging industries touched $3,492 earlier in the session. The US-Israeli war on Iran and resulting closure of the Strait of Hormuz have already restricted ...Read More >
NEW DELHI -- At least half a dozen executives from top Indian arms makers, including Adani Defense and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defense business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defense business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
NEW DELHI: At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
NEW DELHI, Dec 9 (Reuters) - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking ...Read More >
NEW DELHI, Dec 9 - At least half a dozen executives from top Indian arms makers, including Adani Defence and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defence business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defence business leaders had not previously been reported. The Indian government is seeking to reorie ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin landed in India Thursday on a state visit aimed at bolstering bilateral and economic ties between the two countries. Indian Prime Minister Narendra Modi received the Russian leader at an airport in New Delhi, giving a bearhug and a tight handshake with the gusto of an old friend. Modi will host Putin for a private dinner tonight at his decked-up official residence. On Friday, the two leaders will hold talks as part of the 23rd India-Russia Su ...Read More >
New Delhi (PTI): India and Russia on Friday firmed up a five-year plan to bolster economic and trade partnership in the face of Washington's punitive tariff and sanctions regime even as Prime Minister Narendra Modi conveyed to President Vladimir Putin that the war in Ukraine must be brought to an end through dialogue. Following their summit talks, Modi and Putin unitedly demonstrated their keenness to impart a fresh momentum to the trajectory of the over eight-decades-old partnership between th ...Read More >
New Delhi [India], December 5 (ANI): Russia has reaffirmed its long-standing energy partnership with India, with President Vladimir Putin declaring that Moscow will remain a steady, uninterrupted supplier for the country's fast-growing economy. While adressing the joint press address with Prime Minister Narendra Modi, he said the two countries are seeing "successful partnership in energy," adding that "Russia is a reliable supply of oil, gas, coal and everything that is required for the develop ...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 (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 >
Russia-Ukraine War: Prime Minister Narendra Modi, addressing a joint press conference with Russian President Vladimir Putin on Friday, India has always been ready to contribute its part to bring peace to Ukraine and will remain so in the future. India strongly backed the efforts to end the war in Ukraine, saying India will stand shoulder-to-shoulder in all peace efforts to find an amicable solution to the conflict, he asserted. "Thank you very much for the invitation and for yesterday's very go ...Read More >
New Delhi, Nov 7 (PTI) India on Friday said that the number of Indian nationals serving in the Russian Army has increased to 44 in view of recruitment in recent months. The Ministry of External Affairs (MEA) said it has taken up the matter with Moscow and urged them to stop recruiting Indians into the Russian military. "In the last few months, we have been informed of several Indian nationals who have been recruited in the Russian army," External Affairs Ministry spokesperson Randhir Jaiswal s ...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 >
Direct flights have resumed between India and China after a five-year hiatus, the latest sign of warming relations between the world's two most populous countries. IndiGo flight 6E 1703 departed from India's Kolkata airport at 10pm on Sunday, touching down in the southern Chinese city of Guangzhou some three-and-a-half hours later. Flights between India and mainland China had been suspended since early 2020 at the onset of the Covid-19 pandemic and remained halted after a deadly clash on their ...Read More >
United States Secretary of State Marco Rubio met with India's Foreign Minister Subrahmanyam Jaishankar in Malaysia on Monday, as the two countries push trade talks and ease tensions over Washington's punishing tariffs. Few details were released, but Rubio's meeting with Jaishankar is the highest-level contact since the US imposed sanctions last week on Russian oil companies, a key source of India's crude supplies. Jaishankar posted a photograph on social media showing him smiling and shaking h ...Read More >
US Secretary of State Marco Rubio stated that expanding strategic ties with Pakistan will not negatively impact relations with India. He emphasized a pragmatic foreign policy, noting that partnerships with one nation do not preclude them with another. The US is seeking to expand its strategic relationship with Pakistan but those ties don't come at the expense of Washington's relations with India, Secretary of State Marco Rubio said. Just like India has ties with countries that the US doesn't, ...Read More >
KOLKATA, Oct 27 -- Passengers on the first direct flight between India and China in five years touched down today, after Asia's giants lifted a long-term air travel suspension as they cautiously rebuild relations. IndiGo flight 6E1703 from Kolkata landed in the southern Chinese city of Guangzhou shortly before 4.00am (8.00pm GMT), officially resuming nonstop air links that had been suspended since 2020 due to the pandemic and subsequent geopolitical tensions. The neighbours -- and the world's ...Read More >
KOLKATA, India -- India and China resumed direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. IndiGo flight 6E1703 from Kolkata touched down in the southern Chinese city of Guangzhou shortly before 4:00 am (2000 GMT), officially resuming nonstop air links that had been suspended since 2020 due to the pandemic and subsequent geopolitical tensions. The neighbors -- the world's two most populous ...Read More >
KOLKATA, India (AFP) -- India and China resumed direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. IndiGo flight 6E1703 from Kolkata touched down in the southern Chinese city of Guangzhou shortly before 4:00 am (2000 GMT), officially resuming nonstop air links that had been suspended since 2020 due to the pandemic and subsequent geopolitical tensions. The neighbours -- the world's two most po ...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 >
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