Two days after Russian President Vladimir Putin concluded his visit to India, during which he assured that Moscow would remain a reliable energy supplier, the Kremlin on Monday said that India, as a sovereign nation, is free to buy oil from sources it deems beneficial. It expressed confidence that New Delhi will continue to prioritise its economic interests.
India offset the decline in exports to traditional destinations by sharply ramping up shipments to Jordan (18,086 per cent), Hong Kong (17,006 per cent), Spain (13,436 per cent), the Philippines (2,235 per cent), and Namibia (1,068 per cent) in H1FY26.
Indian private sector and State-run refiners continued to receive crude oil from Russian suppliers even after November 21 -- the winding-down date for US sanctions on supplies from leading Russian oil producers imposed in October -- as new intermediaries sprung up in West Asia to sell the oil, according to senior refining sources and ship tracking data.
The Russians have termed Putin's visit to India, his first to this country since the outbreak of the Russia-Ukraine war, as 'Druzhba Dosti', which means 'friendship' in Russian and Hindi respectively.
Donald Trump claimed that his intervention prevented a war between India and Pakistan, citing trade negotiations as leverage. India has refuted claims of US mediation in past conflicts.
India and Russia have solidified a five-year plan to enhance their economic and trade partnership, while also addressing the ongoing conflict in Ukraine and the threat of terrorism.
'In the long run, India's strong growth story and reforms to make assets globally attractive will determine the rupee's resilience.'
Russian President Vladimir Putin arrived in New Delhi for a two-day visit focused on strengthening ties with India, including defense cooperation and trade, amidst a changing geopolitical landscape.
Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions. Reliance is India's largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining complex at Jamnagar.
If they act now, they can reshape the strategic map of Asia without firing a shot. If they wait, the next opportunity will come only after a serious Taiwan Strait incident -- by which time the price will be far higher, and the room for boldness far smaller -- the opportunity may well be lost by then. The question is no longer whether this can or should be done, points out Varun Arya.
Russian President Vladimir Putin briefed Prime Minister Narendra Modi on his summit talks with US President Donald Trump on ending the war in Ukraine.
Cyclone Ditwah exits Sri Lanka after causing widespread destruction and over 120 deaths, heading towards the Indian coast. Heavy rains and high winds are expected to continue.
Russian President Vladimir Putin, in a phone call this past week with United States President Donald Trump, demanded that Kyiv surrender full control of Donetsk, a strategically vital region in eastern Ukraine, as a condition for ending the war, said two senior officials familiar with the conversation, the Washington Post reported.
Private equity investments in Indian real estate dropped 15 per cent in July-September to USD 819 million amid global uncertainties, according to property consultant Anarock.
United States President Donald Trump has denied that he recently told Israeli Prime Minister Benjamin Netanyahu to stop being so 'f***ing negative' and 'take the win' after Hamas accepted parts of Washington, DC's proposal for ending the Gaza war, while saying that it would have to hold talks regarding other portions of the plan, The Times of Israel reported.
Reliance Industries Ltd, India's largest buyer of Russian oil and most impacted by the latest US sanctions, on Friday said it will comply with all applicable restrictions and will adjust its refinery operations to meet compliance requirements.
This piece of land was part of 982 acres of land earlier acquired by the British government in 1939 for the use of the Royal Air Force during World War II.
Amid US-China trade tensions and economic vulnerabilities, India must seize the 'China +1' opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth, suggests Ajay Shah.
A new book reveals that India and Pakistan discussed a communal division of Jammu & Kashmir along the Chenab river before the Kargil war in 1999.
As deposit growth lags credit expansion, Indian banks face shrinking low-cost Casa inflows, rising funding costs, and structural shifts driven by UPI, e-Kuber, and digital savings trends, points out Tamal Bandyopadhyay.
'India has the capital to invest in defence production.' 'With clear timelines and commitments, private industry can deliver surge capacity effectively.'
A controversy has erupted in Mysuru over the ownership of Chamundi Hill, home to the Chamundeshwari Temple, ahead of the Dasara festival. Pramoda Devi Wadiyar of the erstwhile Mysuru royal family criticized Deputy Chief Minister D K Shivakumar's statement that the hill is not the property of Hindus alone, leading to a heated exchange and raising questions about the nature of the upcoming Dasara celebrations.
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
Defence Minister Rajnath Singh lauded 'Operation Sindoor' as a prime example of tri-services synergy, emphasizing Pakistan's ongoing recovery from the operation's impact. He highlighted the need for coordinated defense strategies and civil-military fusion to address modern security challenges.
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
The mass of voters chose Kejriwal and Mamdani for the simple reason that they were sick and tired of the stale promises and repetitive speeches belted out for long by mainstream political personalities, notes M R Narayan Swamy.
It is time for India to raise its voice not just through military prowess, but through professionalism, principled voting and partnerships, asserts Deepak Mishra.
Terror groups are using online war games to communicate with recruits in Jammu and Kashmir, bypassing traditional social media channels, officials said.
The Indian government is dealing with the matter having in mind the national interests of this country in the first place, he said.
139 Naxalite cadres surrendered in Maharashtra and Chhattisgarh, marking a significant turning point in the fight against Left Wing Extremism. The surrenders included a top Maoist strategist and were hailed as a sign of the movement's decline.
Twenty passengers were burnt alive and 15 others sustained critical burn injuries after the private bus travelling to Jodhpur on Tuesday afternoon caught fire, barely 10 minutes after it left Jaisalmer.
The defence minister also announced that India has taken up the challenge of developing a powerful indigenous aero-engine, adding that preparations for this critical project are now almost complete and the work will soon be visible.
'Given the lag in transmission, further softening of lending rates may happen in the coming months.'
The launch of the first-ever direct train service from Delhi to Kashmir would be a big turning point in the Valley's mood and its integration with India. He had to thwart it at any cost, asserts Shekhar Gupta.
'The government has to explain (to the army, air force and navy chiefs) whether they want a punitive strike, a deep punitive strike, or whether they want limited war or an all-out war, will it be a circumscribed war or will it be a shallow attack along the border.'
After declining to a three-year low in FY24, the private sector investment is expected to fall further in the current financial year, India Ratings said in a research note.. The investments in the private sector are likely to plummet to below 11 per cent of the GDP in FY25, based on the trends from the latest national accounts data and company fillings, it noted.
Who else will take on the might of Microsoft, Google, and Amazon if not the Adanis, Ambanis, Birlas, or Tatas?, asks R Jagannathan.
Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the "State of the Economy" in the Reserve Bank of India (RBI) monthly bulletin said.
Having control over both digital media and NGOs, it was easy for the US to topple the government and destabilise Nepal -- to undercut Chinese influence and pressure India, argues Lieutenant General Prakash Katoch (retd).
Diwan Arun Nanda, founder of Rediffusion and one of India's last great admen, changed the industry with memorable campaigns, political ads, and a rare mix of sharp strategy and creativity.
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