Latest News, Updates & Breaking Headlines
Deliveries of Russian oil to India are projected to decrease to around 600,000 barrels per day next month. (AI image) Donald Trump’s sanctions on Russian crude majors may have the effect of India’s oil imports from Russia dropping to a four year low in January 2026. The Trump administration has been piling pressure on India…
Russia has maintained its position as India’s primary supplier in November, providing over one-third of all crude oil imports. (AI image) Donald Trump’s sanctions on Rosneft and Lukoil – two of Russia’s major crude firms – may result in India’s imports of oil from Moscow dropping – but will this shift be permanent? Analysts expect…
The government is considering a plan to allow global tenders for a wide range of patented medicines — spanning weight-loss, cancer, cardiac and diabetes treatments — to support procurement for central healthcare agencies such as the armed forces’ medical services and the Employees’ State Insurance Corporation (ESIS).The plan is aimed at securing essential treatments that…
NEW DELHI: The China factor weighs heavily on India’s emerging electric car market as the domestic supply chain for the green cars is still inadequate in key areas such as batteries, semiconductors and magnets.Consider this: of the 46 EV car models sold in the country, only six have been found eligible for benefits under the…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has withdrawn steep tariffs on a wide range of Brazilian food products — including beef, coffee, cocoa, fruits and tomatoes — in a major reversal of policies that had sharply increased costs for American consumers. The decision, announced on Thursday, removes the…
Reliance Industries on Thursday announced that it stopped importing Russian oil for processing at its export-only refinery from November 20. The company, according to PTI, said that from December 1, all exports from its only-for-exports facility will be produced exclusively from non-Russian oil.This is a developing story. Source link
Oil market participants are intently monitoring India’s immediate and long-term acquisitions of crude oil. (AI image) As US President Donald Trump’s sanctions on Russian oil firms come into effect later this week, Indian refineries are already looking at the Middle-East for their crude oil supply. An increase in oil tanker bookings for Middle East-India routes…
The US trade deficit narrowed by about 24 per cent in August as sweeping tariffs imposed by President Donald Trump reduced imports, according to a delayed Commerce Department report released Wednesday. According to Associated Press, citing the report, the trade gap fell to $59.6 billion in August from $78.2 billion in July. Imports declined 5…
The latest dispute between Japan and China has now entered the trade sphere, with Tokyo media reporting that Beijing is planning to halt Japanese seafood imports. However the reports, which emerged on Wednesday and were widely carried by outlets, still remain unconfirmed by governments of both the countries as the diplomatic row deepens.Reports from Tokyo…
NEW DELHI/WASHINGTON: State-run oil companies have signed a one-year deal to buy 2.2m tonnes of cooking gas from the US, about 10% of India’s LPG imports. It’s expected to help cut the trade imbalance, a key complaint of the Trump administration. “A historic first! One of the largest and the world’s fastest growing liquefied petroleum…
