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A top US official has said that Washington is preparing to expand defence sales to India, signalling continued momentum in strategic cooperation between the two countries.During a Foreign Affairs Subcommittee hearing, Assistant secretary bureau of South and Central Asian affairs S Paul Kapur, speaking about the growing defence partnership, said that additional purchases of weapon…
Driving the newsIndia has committed to significantly scale up purchases of US petroleum, defence systems, and commercial aircraft under a newly announced trade deal that US President Donald Trump framed as a tariff-slashing, $500 billion boost for American exports.Trump unveiled the agreement on Monday, saying the US would lower tariffs on Indian goods from 50%…
Vladimir Putin, Narendra Modi (PTI image) Russia on Tuesday clarified that it has not received any official communication from India indicating that New Delhi plans to stop buying Russian oil, pushing back against claims made by US President Donald Trump following the announcement of a new India–US trade deal.The Kremlin’s clarification came a day after…
Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…
US President Donald Trump purchased around $100 million in municipal and corporate bonds between mid-November and late December, his latest financial disclosures showed. The investments included up to $2 million in Netflix and Warner Bros Discovery bonds bought shortly after the companies announced their merger.The disclosures, posted Thursday and Friday, showed that most of Trump’s…
Investors, led largely by younger buyers, purchased an estimated 12 tonnes of digital gold during January–November this year, according to data compiled by the World Gold Council (WGC) even as demand slowed after a recent regulatory caution from Sebi.The estimate is based on data from the National Payments Corporation of India (NPCI) on UPI transactions…
Singapore will soon introduce a sustainable aviation fuel (SAF) levy of up to S$41.60 (around $31.95 or Rs 3,690) per passenger beginning next year, marking a significant step in its efforts to reduce carbon emissions in the aviation sector. The Civil Aviation Authority of Singapore (CAAS) announced that the levy will apply to tickets sold…
Russian Urals crude’s price differential to Brent has increased by $2 to approximately $4 per barrel for December deliveries. (AI image) Donald Trump’s sanctions on two of Russia’s major oil firms seems to have had the impact that the US was looking for. China and India, two of the largest purchasers of Russian crude oil,…
Even as Indian refiners are expected to adhere to the sanctions, they are also expected to continue procurement of Russian crude from non-sanctioned firms. (AI image) Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December…
This Diwali, consumers have shown growing enthusiasm for premium electronics, spending on costlier smartphones, large-screen TVs, and high-end home appliances. From Navratri through the festival of lights, sales of smartphones priced above Rs 30,000 reached an all-time high, while 43-inch televisions surpassed the long-favourite 32-inch models for the first time, according to industry analysts and…
