US Treasury Secretary Scott Bessent indicated a potential pathway to remove tariffs imposed on India for purchasing Russian oil, citing a significant decrease in such purchases. He also criticized Europe's approach and accused India of profiting from discounted Russian oil.
India has gained the least since Russia invaded Ukraine in February 2022 and was penalised the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war.
Noida, Bahadurgarh, Delhi, Hapur, Greater Noida, Baghpat, Sonipat, Meerut and Rohtak joined Ghaziabad among the 10 most polluted cities, the report by think tank Centre for Research on Energy and Clean Air said.
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.
India, the world's third-largest oil consumer, spent 2.5 billion euro on buying crude oil from Russia in September, 14 per cent less than the previous month, a European think tank said. India remained the second-largest buyer of Russian fossil fuels in September behind China, according to the Centre for Research on Energy and Clean Air (CREA).
India's power sector CO2 emissions fell in H1 2025 for the first time in nearly 50 years (outside the pandemic), thanks to record renewable growth and lower coal use from cooler, wetter weather.
India's new climate pledge to the UN could be weakened by its growing use of coal, even as the country plans a 2035 roadmap to cut emissions and boost clean energy.
His assertion came after Trump claimed that his "friend" PM Modi has assured him that India would stop purchasing oil from Russia, a move he described as a big step toward increasing pressure on Moscow over its invasion of Ukraine.
United States President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured him that India would stop purchasing oil from Russia, describing it as "a big step" in efforts to increase global pressure on Moscow.
Billionaire Mukesh Ambani's Reliance Industries Ltd is estimated to have earned 724 million euros (about Rs 6,850 crore) from exporting fuel made from Russian crude oil to the US in one year, an European think tank said in a report. "From January 2024 to the end of January 2025, the US imported EUR 2.8 billion of refined oil from six refineries in India and Turkey that process Russian crude.
India, the world's third largest oil consuming and importing nation, spent 112.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday. The Centre for Research on Energy and Clean Air (CREA) released a report on payments to Russia for fossil fuels since February 24, 2022. "According to our estimates, since the beginning of the war, Russia earned EUR 835 billion in revenue from fossil fuel exports," it said.
India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.
India, the world's third largest oil consuming and importing nation, in July bought $2.8 billion worth of crude oil from Russia, second only to China which remains the largest importer of Russian oil, a report said. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022.
Byrnihat in Meghalaya topped the list of most polluted cities in India in 2023, closely followed by Begusarai in Bihar and Greater Noida in Uttar Pradesh, according to a report released on Wednesday.
Prime Minister Narendra Modi on Friday invited President Volodymyr Zelenskyy to visit India and the Ukrainian leader said he would be happy to travel to the 'great' country.
The current coal stock stands at 13.5 million tonnes at pithead power stations and 20.7 MT cumulatively at all power plants across the country.
Russian oil supplies to India will continue to flow unhindered and suppliers will come up with ways to sidestep secondary sanctions, a Russian official told Business Standard.
Come December, India may have to re-evaluate purchases of Russian oil if a price cap on crude oil proposed by the US and the European Union (EU) comes into effect. That impacts nearly a quarter of India's oil purchases that come at a discount, helping limit marketing losses for India's state refiners and enabling New Delhi to manage inflation by freezing pump prices of motor fuels. In September, India imported 1 million barrels a day or 24 per cent of its overall imports from Russia, which became the biggest supplier of oil to India.
India will need to travel back in time and seek inspiration from football greats Tulsidas Balaram and Chuni Goswami to deftly dribble around and sidestep the West-imposed price cap on exports of Russian seaborne crude oil. India depends on imported oil to meet 86 per cent of its needs, of which nearly a quarter now comes from Russia. The copious flows are roughly 10 per cent cheaper than competing suppliers helping India save billions of dollars in fuel costs.
A summary of Indian athletes' performance on Day 7 of the Games.
The record was attempted and created by a group of 27 participants mostly children, who entered the Limca Book of Records and World Amazing records, and Asian Book of records for non-stop display of their skills with the weapon.
That a popular film star with a huge audience articulated on prime time television what health activists have been saying for years is perhaps what has disturbed India's medical fraternity, says Dr Sanjay Nagral.
A draft legislation is ready for setting up a permanent water disputes tribunal to resolve the water related disputes among the states in an expeditious manner, new Water Resources Minister Harish Rawat disclosed on Tuesday after assuming the charge.
"India has the potential to come out of this difficult situation because of its inherent strengths. The strengths are the purchasing power of 400 million middle class citizens and 600 million youth willing to take up challenging missions," Abdul Kalam said at the 14th convocation of IIT, Guwahati.
Maharashtra Chief Minister Prithiviraj Chavan on Monday sought powers of requisitioning aircraft in case of emergency situations for its anti-terror "Force One" created in the aftermath of 26/11 attacks.
Left-arm spinner Bhargav Bhatt spun the web around Odisha's batsmen to put Baroda in a commanding position at the end of the opening day's play in a Ranji Trophy Group B match in Vadodara.
A composer and guitarist in his own right, Ehsaan Noorani of Shankar Ehsaan-Loy, talks about music composition as a profession.
Here's how these B-Town celebrities fared this wekk, fashion-wise!
Close on the heels of the molestation of a girl in Guwahati that sparked public outrage, a teenager met the same fate, allegedly at the hands of army jawans in Assam's Sibsagar district, police said on Saturday.
India and the other BASIC countries (Brazil, South Africa and China) have rightly decided to forego any funding that comes from the Fast Start Climate Finance pledges since smaller countries are in dire need of it.
Stung by a prolonged losing streak in what has turned out to be a nightmarish tour, a hapless India will now look to avoid a Twenty20 whitewash when they lock horns with Australia in the second match in Melbourne.
The Republicans, who hold the majority in the US House of Representatives, finally caved in and agreed to extend the pay roll tax cut for two months, as demanded by President Barack Obama and thus gave him a big political advantage on the eve of the election-year.
Strong starts by the opening duo of Sachin Tendulkar and Virender Sehwag would be key to India's success at the forthcoming World Cup, off-spinner Harbhajan Singh said on Wednesday.
Captain Manoj Tiwary led from the front with an unbeaten century to guide Bengal to 295 for five in reply to Saurashtra's first innings score of 423 in their Ranji Trophy Super League Group A match in Rajkot on Friday.
Addressing a large gathering of RSS at the organisation's local headquarters in Lucknow on Sunday, Bhagwat said, "RSS never indulges in political activity, so where was the question of my playing a role in the appointment of BJP chief."
In India, digital accounts for 10-15 per cent of the region's $400-million revenue," said Sorrell, explaining that the internet penetration in the country was still low. However, he was optimistic about the increasing use of internet on mobiles as the next opportunity for growth was here.
Three Indian-origin businessmen who swindled banks in Britain and the United States of more than 300 million pounds by pretending to run a worldwide metal trading empire have been sentenced to nearly 25 years in jail. Virendra Rastogi (39), Anand Jain (43) and Gautam Majumdar (57), ex-directors of metal trading business RBG Resources, were convicted at London's Southwark Crown Court of conspiracy to defraud on 23 April.
The India information technology industry, including exports and domestic market and semiconductor industry, is gaining traction despite challenges, said Azim H Premji, chairman, Wipro, at the third Freescale Technology Forum in Bangalore on Monday.
Sonia condemned the appearance of the said posters and ordered the state Congress committee to inquire into the matter and identify the persons responsible for it.
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