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NEW DELHI: The commerce ministry’s arm, DGTR, has initiated an anti-dumping probe into imports of nylon chips and granules — used in the textiles industry, from China and Russia, following a complaint by a domestic manufacturer. The applicant has alleged that the dumping of Nylon 6 Chips and Granules with relative viscosity (RV) below 3…
Authorities have asked oil refiners to provide weekly updates on their purchases of crude from Russia and the United States. (AI image) India’s crude oil imports from Russia may see a sharp fall in January, with Reliance Industries saying that it does not expect to receive any Russian crude shipments. This could bring down India’s…
Russia continued to be the India’s largest crude supplier between April and November 2025. (AI image) US President Donald Trump on Monday warned India of higher tariffs if it doesn’t cooperate with America on the issue of Russian crude oil imports. The warning comes at a time when Indian exports already face heavy trade penalties…
India’s imports of crude petroleum from the US in the first eight months of the current fiscal registered a year-on-year increase of more than 92% compared with the same period in 2024, with Russia remaining the biggest supplier of the product between April and Nov 2025.As per data from the ministry of commerce and industry,…
Since the start of the Ukraine conflict in 2022, India has been the largest buyer of discounted Russian seaborne oil. (AI image) India is looking to seal a trade deal with the US and is monitoring weekly data on crude oil purchases from Russia and America, according to a Reuters report. Oil refiners have been…
India rolled out a new trade measure on Tuesday, imposing safeguard duties on certain steel imports for a period of three years. The move comes as a push to protect domestic manufacturers from a surge in low-cost overseas supplies, particularly from China.As per a finance ministry notification, the safeguard duty will stand at 12% in…
China on Monday announced imposing provisional anti-subsidy duties on dairy products imported from the European Union, after concluding that the inflow of these goods has harmed its domestic dairy sector.The Chinese commerce ministry, cited by Reuters, said that the duties are set between 21.9% and 42.7% and will be effective from December 23. The announcement…
India’s imports of Russian oil are expected to cross 1 million barrels per day this December. (AI image) Donald Trump’s sanctions on Russian oil majors don’t seem to have deterred Indian refiners from procuring crude – though non-sanctioned – from Russia. India’s crude oil imports from Russia are showing resilience in December, days after Trump’s…
Cheap copper imports under multiple free trade agreements (FTAs) are “severely damaging” India’s domestic manufacturing system, the Indian Primary Copper Producers Association (IPCPA) said, urging the government to step in with safeguard duties and quantitative restrictions.The industry body said a surge in zero-duty copper imports is eroding India’s smelting and downstream manufacturing base, even as…
US President Donald Trump may impose new tariffs on agricultural imports, including Indian rice and Canadian fertilizers, after hearing farmers’ complaints about cheap foreign goods that are undercutting US producers.The remarks came at a White House meeting where he unveiled $12 billion in fresh support for American farmers. He said imports were challenging domestic producers…
