News for 'oil imports'

Stew It, Brew It, Chew It, But Have Lemon Grass

Stew It, Brew It, Chew It, But Have Lemon Grass

Rediff.com29 Jan 2026

Lemon grass, often referred to as citronella, is a tall, reed-like herb prized for its bright, zesty scent and clean citrus taste. Widely used in Thai cuisine, it brings a refreshing, aromatic lift to soups, curries and stir-fries.

Rupee depreciation may push import bill by $15 bn: GTRI

Rupee depreciation may push import bill by $15 bn: GTRI

Rediff.com26 Dec 2024

The depreciation of Indian rupee against the US dollar is expected to push the country's import bill by about $15 billion, think tank GTRI said on Thursday. Compared to December last year, the Indian Rupee (INR) has depreciated 2.34 per cent against the US dollar, moving from Rs 83.25 to Rs 85.20, while the Chinese Yuan has weakened by 0.06 per cent, the Global Trade Research Initiative (GTRI) said.

India Diversifies Petroleum Exports To New Markets

India Diversifies Petroleum Exports To New Markets

Rediff.com17 Nov 2025

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.

Why Venezuela Did Not Celebrate Maduro's Fall

Why Venezuela Did Not Celebrate Maduro's Fall

Rediff.com14 Jan 2026

Years of repression and disappearances have taught Venezuelans, the hard way, not to voice either their anger or their joy, observes Radha Roy Biswas who spent her formative years in Venezuela.

India slams US tariff hike as 'unfair, unjustified'

India slams US tariff hike as 'unfair, unjustified'

Rediff.com6 Aug 2025

The United States action of levying 25 per cent additional tariff on Indian goods is 'unfair, unjustified and unreasonable', India said on Wednesday in a firm reaction, signalling increasing tensions between the two strategic partners over New Delhi's energy ties with Moscow.

New deal will export more American farm products to India: US leaders

New deal will export more American farm products to India: US leaders

Rediff.com3 Feb 2026

Trump announced that India and the US agreed to a trade deal under which Washington will charge a reduced reciprocal tariff on Delhi, lowering it from 25 per cent to 18 per cent.

Five Risks For The Indian Economy

Five Risks For The Indian Economy

Rediff.com22 Jan 2026

India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.

Rupee plunges 5% in 2025 amid persistent foreign fund outflows, dollar strength

Rupee plunges 5% in 2025 amid persistent foreign fund outflows, dollar strength

Rediff.com31 Dec 2025

The rupee slumped 5 per cent in 2025 as persistent capital outflows from foreign investors, alongside heightened dollar demand from importers, making it one of the worst-performing Asian currencies.

India-US Deal Shields Farmers

India-US Deal Shields Farmers

Rediff.com4 Feb 2026

New Delhi will substantially reduce tariffs on industrial and agricultural goods while continuing to protect sensitive sectors. Tariffs on some agricultural products that are not traditionally considered sensitive will be brought down to zero, while in the case of relatively sensitive items, duties will be reduced in a graded manner and quotas will be imposed.

Reliance's refining margins projected to stay strong compared to PSU peers

Reliance's refining margins projected to stay strong compared to PSU peers

Rediff.com6 Sep 2025

Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.

Will have to do something hard way: Trump on Greenland

Will have to do something hard way: Trump on Greenland

Rediff.com10 Jan 2026

United States President Donald Trump reiterated the claims of having to do 'something' about Greenland, saying that if US doesn't take any action, Russia and China would spring in and that Washington, DC does not want to have them as neighbours.

Time India Learnt From China Playbook

Time India Learnt From China Playbook

Rediff.com20 Aug 2025

If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.

Tough for India, China to curtail oil imports from Iran: US

Tough for India, China to curtail oil imports from Iran: US

Rediff.com11 Dec 2013

India, China and other countries that have been cutting their oil imports from Iran have reached a point where it is "very very difficult" to reduce any further without seriously impacting their economies, US Secretary of State John Kerry has told lawmakers.

Not drugs or democracy, but...: Kamala, Mamdani slam Trump over Venezuela

Not drugs or democracy, but...: Kamala, Mamdani slam Trump over Venezuela

Rediff.com4 Jan 2026

New York City Mayor Zohran Mamdani has voiced his opposition to the capture of Venezuelan President Nicols Maduro by the US military, calling it an 'act of war' and a violation of international law. Congressman Raja Krishnamoorthi also criticized the action, citing lack of congressional authorization.

Getting India to stop buying Russian oil: Trump's envoy pick for India

Getting India to stop buying Russian oil: Trump's envoy pick for India

Rediff.com11 Sep 2025

Gor underlined that President Trump has a "deep friendship" with Prime Minister Narendra Modi, and that is something that is unique.

Will Trump 2.0 See More US Oil To India?

Will Trump 2.0 See More US Oil To India?

Rediff.com22 Jan 2025

'The US is strongly placed to expand its crude supplies to India.'

India vs New Zealand T20Is: 'Hardik Pandya showing his class with the ball'

India vs New Zealand T20Is: 'Hardik Pandya showing his class with the ball'

Rediff.com27 Jan 2026

India bowling coach Morne Morkel is delighted to see the way Hardik Pandya is shaping up ahead of the T20 World Cup.

India, UAE seal defence pact, set $200 bn trade target

India, UAE seal defence pact, set $200 bn trade target

Rediff.com20 Jan 2026

Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries and counter terrorism.

US lawmakers move resolution to end Trump tariffs on India

US lawmakers move resolution to end Trump tariffs on India

Rediff.com13 Dec 2025

Representatives Deborah Ross of North Carolina, Marc Veasey of Texas and Raja Krishnamoorthi of Illinois introduced the resolution on Friday in the House of Representatives to terminate Trump's national emergency authorising tariffs of up to 50 per cent on imports from India, helping to restore Congress' constitutional authority over trade.

Govt likely to soon compensate oil firms for LPG losses

Govt likely to soon compensate oil firms for LPG losses

Rediff.com10 Jul 2025

The government is likely to give a subsidy of Rs 30,000-35,000 crore to state-run oil companies - Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) - to compensate for losses incurred from selling LPG at below cost over the past 15 months, according to a senior official.

Real friends can disagree: US envoy amid strained India ties

Real friends can disagree: US envoy amid strained India ties

Rediff.com12 Jan 2026

Gor also announced that India will be a member of the Pax Silica alliance.

India's imports from OPEC at all-time low as Russian oil buy peaks

India's imports from OPEC at all-time low as Russian oil buy peaks

Rediff.com7 May 2023

Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72 per cent share of all crude oil India imported in April 2022. This share slid to 46 per cent in April 2023, according to energy cargo tracker Vortexa.

India's import of Russian oil scales new high in May

India's import of Russian oil scales new high in May

Rediff.com4 Jun 2023

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa. Russia now makes up for nearly 42 per cent of all crude oil India imported in May.

China hails Putin's India visit, calls for closer trilateral ties

China hails Putin's India visit, calls for closer trilateral ties

Rediff.com8 Dec 2025

China has reacted positively to Russian President Vladimir Putin's visit to India, emphasizing the importance of trilateral ties between China, Russia, and India for regional and global peace and stability.

Nita Ambani centre puts India Weekend in New York on hold

Nita Ambani centre puts India Weekend in New York on hold

Rediff.com1 Sep 2025

Amid escalating India-US trade tensions, Nita Mukesh Ambani Cultural Centre -- the tony cultural event outfit run by billionaire Mukesh Ambani's wife -- has postponed next week's theatrical event in New York, citing "unforeseen circumstances".

Food Tales And A Wedding To Remember

Food Tales And A Wedding To Remember

Rediff.com23 Jan 2026

A Bombay shaadi with singing, dancing, prayers and great food!

US: 'India Has Taken Advantage Of Ukraine War'

US: 'India Has Taken Advantage Of Ukraine War'

Rediff.com7 Aug 2025

'India has intentionally taken advantage of the war in Ukraine to dramatically increase its purchases of Russian crude, when there are roughly 40 major crude providers that could satisfy Indian demand.'

'India-US ties not criteria for New Delhi-Russia relations'

'India-US ties not criteria for New Delhi-Russia relations'

Rediff.com28 Sep 2025

Lavrov, who addressed the UN General Assembly shortly before External Affairs Minister S Jaishankar's speech at the high-level General Debate, said India and Russia share a "particularly privileged strategic partnership".

Amid tariff strain, Jaishankar, Rubio hold talks on trade, defence

Amid tariff strain, Jaishankar, Rubio hold talks on trade, defence

Rediff.com14 Jan 2026

External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio discussed cooperation in trade, critical minerals, nuclear energy, and defence, reaffirming commitment to a free and open Indo-Pacific.

'Daniil started it, and he put oil on the fire'

'Daniil started it, and he put oil on the fire'

Rediff.com25 Aug 2025

Chair umpire Greg Allensworth's decision to give Bonzi a first serve instead of a second after the interruption sparked Medvedev's fury.

Consumer durable firms set to hike prices as rupee slides

Consumer durable firms set to hike prices as rupee slides

Rediff.com5 Dec 2025

As the rupee has been on a downward slide and crossed 90 a dollar, consumer electronics firms are looking to raise prices of products ranging from air conditioners (ACs) to television panels up to 10 per cent.

Rupee slumps 29 paise to close at all-time low of 90.78/USD

Rupee slumps 29 paise to close at all-time low of 90.78/USD

Rediff.com15 Dec 2025

The rupee plunged 26 paise to an all-time low of 90.75 against the US dollar in intra-day trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.

Crude imports from US rebound as Russia sanctions get tighter

Crude imports from US rebound as Russia sanctions get tighter

Rediff.com12 Sep 2024

Even as Russia and West Asia have been slugging it out for market share in India to sell their crude oil, the US is quietly making its moves on the sidelines. The US has doubled its share of the Indian crude market in the past few months, according to industry sources and ship-tracking data. Some of the increase in America's market share may have come at the expense of Russia, India's biggest crude oil supplier, said industry sources.

Despite US protest, India wants to raise oil imports from Iran

Despite US protest, India wants to raise oil imports from Iran

Rediff.com23 Sep 2013

Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost.

IndiGo moves Delhi HC seeking Rs 900 crore Customs duty refund

IndiGo moves Delhi HC seeking Rs 900 crore Customs duty refund

Rediff.com13 Dec 2025

InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.

India opens biggest oil, gas block bid round; 25 blocks on offer

India opens biggest oil, gas block bid round; 25 blocks on offer

Rediff.com11 Feb 2025

India on Tuesday opened its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers mostly in offshore area, as the government looks to boost domestic production to cut imports and help energy security. Petroleum Minister Hardeep Singh Puri launched the 10th bid round under the Open Acreage Licensing Policy (OALP) at the India Energy Week (IEW) in Mumbai.

Modi won't bow down to foreign pressure: Putin on US tariffs

Modi won't bow down to foreign pressure: Putin on US tariffs

Rediff.com3 Oct 2025

Russian President Vladimir Putin announced his upcoming visit to India in December and expressed his intention to address the trade imbalance between the two countries, particularly concerning India's crude oil imports from Russia. He also lauded India's independent stance on international issues and highlighted the strong relationship between the two nations.

First phase of India-US trade deal nearing closure: Official

First phase of India-US trade deal nearing closure: Official

Rediff.com18 Nov 2025

The first phase of the proposed India-US bilateral trade agreement (BTA) is 'nearing closure' and would address the hefty 50 per cent tariffs imposed by the Trump administration on Indian goods, in addition to resolving America's market access issues, a government official said on Monday.

What Weapons Will Putin Sell India On Rare State Visit?

What Weapons Will Putin Sell India On Rare State Visit?

Rediff.com29 Nov 2025

On the table are additional batches of S-400 surface-to-air missile systems from Russia, which India used with immense success during Operation Sindoor. India could buy at least two squadrons of Su-57 fighter jets plus joint production of S-500 air defence systems.

Trump says lost India, Russia to 'darkest' China; New Delhi says...

Trump says lost India, Russia to 'darkest' China; New Delhi says...

Rediff.com5 Sep 2025

The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duties for India's purchase of Russian crude oil.