India and the US have agreed to a trade deal that will see Washington reduce reciprocal tariffs on Indian goods from 25% to 18%, according to US President Donald Trump. The deal also includes commitments from India to reduce tariffs and non-tariff barriers against the US and to increase purchases of American products.
India's crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data.
The agreement addresses non-tariff barriers and promotes increased trade in technology products and cooperation between the two countries.
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.
According to a statement cited by TASS, the Russian foreign ministry said it is closely monitoring reports that the US military has boarded the tanker Mariner, originally Bella 1, on the high seas, noting that Russian citizens are among the crew.
US President Donald Trump warned India about potential tariffs for continuing to purchase oil from Russia, claiming he received assurances from Prime Minister Narendra Modi that India would halt such purchases.
Medvedev had said he did not like playing Tien after a trilogy of matches that went the distance last year and the 20-year-old American proved him right with a clinical performance that included 33 winners.
Indian exports to the US will face a 10% tariff, down from 25%, for 150 days following a US Supreme Court ruling. However, uncertainty persists due to potential further tariff hikes and long-term implications.
The India-US ties witnessed a major downturn after President Trump slapped a whopping 50 per cent tariff on Indian goods, including a 25 per cent punitive levy over Russian oil purchases.
India No. 1 Sumit Nagal exited the Chennai Open ATP Challenger after a three-set defeat to Russia's Petr Bar Biryukov in the second round.
New Delhi 'will have to take a call which supply source suits us the best,' the finance minister said, pointing out that crude oil accounts for the bulk of India's foreign exchange spend.
The Karnataka high court on Friday permitted the Union government to issue travel documents to facilitate the return of a Russian woman and her two minor daughters who had been discovered living in a cave in coastal Karnataka.
Silver and gold prices snapped a two-day rebound and declined sharply up to 10 per cent in the futures trade on Thursday amid weak trends in the international markets and a strong US dollar.
Deputy Chairman of Russia's National Security Council Dmitry Medvedev claims military victory in Ukraine is visible and emphasizes the need to plan for the aftermath. He also comments on Donald Trump's desire to be seen as a peacemaker.
After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed.
Domestic equities surged on Tuesday, posting their best single-day gains in more than eight months after a long-awaited trade deal between India and the US. The deal, which lowered tariffs on Indian goods to 18 per cent from 50 per cent, significantly improved investor sentiment and lifted a key overhang for the market.
A trade deal makes sense only if it is fair and reciprocal. If the cost is strategic dependence or loss of policy space, waiting is the wiser option, asserts Ajay Srivastava.
'The additional Rafales will be from a vastly improved version compared to the 36 acquired for the IAF under the 2016 deal.'
The Kremlin has confirmed that Russian President Vladimir Putin has received an invitation to join US President Donald Trump's Gaza Peace Board and is currently considering the offer.
Commerce and Industry Minister Piyush Goyal announced that an interim trade agreement between India and the US is likely to be signed in March and operationalised in April, with chief negotiators meeting in Washington to finalize the details.
Prime Minister Narendra Modi stayed calm, avoided public confrontation, and focused on India's long-term interests to steady ties with the United States.
US President Donald Trump announced a new global levy on imported items, resulting in a lower tariff rate for India, following a Supreme Court verdict against his previous sweeping tariffs.
United States President Donald Trump has said Prime Minister Narendra Modi 'knew he was not happy' with India's purchases of Russian oil and that Washington, DC can raise tariffs on New Delhi 'very quickly'.
United States President Donald Trump on Tuesday boasted about India-US defence cooperation, claiming that India's order for 68 Apache attack helicopters was delayed by five years and that Prime Minister Narendra Modi personally raised concerns over the long delivery period during a meeting with him.
Putin said that the Greenland issues doesn't concern him.
India will now face a lower reciprocal tariff of 10 per cent, down from 25 per cent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.
US President Donald Trump greeted India on its 77th Republic Day, highlighting the historic bond between the two democracies amid ongoing trade tensions.
Animal companions are often excellent publicity vehicles for politicians and leaders.
A 25-year-old Indian man who went to Russia on a student visa has allegedly been 'deceitfully' recruited into the Russian Army and pushed into the Russia-Ukraine conflict, his family claims. They are seeking the Indian government's help for his safe return.
Speaking during a meeting with top US oil and gas executives, Trump added that he was "very disappointed" the conflict had not yet ended.
The European Union has sanctioned three India-based companies for their alleged links with the Russian military as part of its efforts to put economic pressure on Russia for its invasion of Ukraine.
Russian-born Daria Kasatkina said she is ready to embrace the "good pressure" of a home Grand Slam when she steps onto the Melbourne Park court as an Australian citizen for the first time.
India and the US have entered a new phase in their relationship, marked by greater parity, point out Harsh V Pant and Vivek Mishra.
In the Indo-Pacific's new era -- where perception shapes reality faster than treaties -- the real entrapment is not of China or the United States. It is the test Japan has set for itself -- and whether partners like India, acting as balancers rather than accelerants, can help ensure that the story ends in stability, points out Varun Arya.
President Vladimir Putin attended an early Wednesday Russian Orthodox Christmas service and hailed his troops' 'holy mission' to defend Russia, pairing the ceremony with a holiday address on unity, charity and support for the armed forces.
'Indian refiners can operate without Russian crude from a technical standpoint, but the shift would involve major economic and strategic trade-offs'
A man from Punjab claims that 10 Indians recruited into the Russian Army have died in the Ukraine war. He says he has documents confirming the deaths and has appealed to the government for help.
Days after Russia alleged that Ukraine targeted President Vladimir Putin's official residence in a drone attack, Russian authorities on Thursday said they had shared what they described as evidence related to the incident with the United States, Anadolu Agency reported.
Shares of Reliance Industries Limited (RIL) tumbled on Tuesday, posting its biggest single-day decline in 19 months, amid controversy over its purchase of Russian oil and profit-booking after recent gains.
Polish Prime Minister Donald Tusk confirmed that the country's airspace had been violated by "a huge number of Russian drones" which were shot down by its military.
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