March 4, 2026

Business

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‘No basis in international law’: China slams US sanctions on Russian oil giants; hits out at EU for targeting Beijing firms

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Chinese President Xi, left, and US President Donald Trump China on Thursday strongly criticised the latest US sanctions imposed on Russia’s two largest oil companies, Rosneft PJSC and Lukoil PJSC, calling the move “unilateral” and “lacking any basis in international law.“Addressing a daily press briefing in Beijing, foreign ministry spokesman Guo Jiakun said, “China consistently…

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Tata Technologies reacts to Trump’s H-1B fee hike: Plans to recruit more local staff in US; here’s what it said

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Tata Technologies plans to recruit more local staff in US Tata Technologies on Friday said it will recruit more local staff in the United States as a response to the Donald Trump administration’s revised visa rules.“As we react and respond to the change in legislation in and around visas, it will mean that we will…

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UK updates immigration and university fee policies: Expedited visa, sponsorship costs rise – see details

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The United Kingdom has announced fresh hikes for in-country expedited immigration services, effective October 21, Tuesday, continuing a trend of significant hikes over the past two years.Expedited processing of sponsorship management requests for worker, temporary worker, or student sponsors now costs GBP 350, up 75% from GBP 200. Meanwhile, priority service for sponsor licence applications…

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India’s crude import cost goes up! Share of Russian oil declines; alternatives more expensive

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India’s crude oil import costs have become increasingly expensive in the current financial year as the share of Russian crude in the country’s oil basket declines, a new report by Kotak Institutional Equities showed.It explained that alternative suppliers might be more expensive due to which premiums will remain elevated, impacting GRMs for refiners.The brokerage highlighted…

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More sanctions for Russia! After US, EU announces penalties for Russian oil; efforts to push Putin into peace talks

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After United States, the European Union has also imposed sanctions on Russia, targeting the country’s oil industry in efforts to intensify international efforts to block the funds that Moscow depends on to sustain its invasion of Ukraine.Earlier on Wednesday, US President Donald Trump had announced sanctions on Russian oil firms.Ukrainian President Volodymyr Zelenskyy welcomed the…

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Low costs, tech focused & more: How can Indian exports stay competitive? Explained

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The global economy is slowing down and trade dynamics are undergoing a change.At a time like this, India needs to evaluate its export strategies, with focus on long-term competitiveness through technology, cost efficiency, and domestic production, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) explainedSpeaking to ANI, Srivastava said, “The focus should be…

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‘Strong immunity to Western restrictions’: Russia hits out as Trump sanctions its oil firms; ‘step entirely counterproductive’

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Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…

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Sanctions on Russian oil: Top buyer Reliance planning to ‘recalibrate’ its crude sourcing, says report

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As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance.“Recalibration of Russian oil imports is ongoing and…

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More curbs on China? Trump admin mulls restrictions on ‘any and all critical software’: Report

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Trade tensions between Washington and Beijing might rise further as the US is planning its next move against China, after the 155% tariff threat.The Trump admin is reportedly preparing a response to China’s recent rare earth export restrictions by limiting shipments of US software-powered products to Beijing, a US official told Reuters. The proposed measures…

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