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India pivots away from Russian arms, but will retain strong ties

India pivots away from Russian arms, but will retain strong ties

Mon, Jan 29, 2024

That view comes despite Moscow's offers, described by four Indian government sources, among them a senior security official who recently retired, as including platforms such as the most advanced Kamov helicopters and Sukhoi and MiG fighter jets, with the added fillip of joint manufacturing in India.

India's goods & services exports marginally up in 2023

India's goods & services exports marginally up in 2023

Sun, Jan 21, 2024

According to international trade experts, if these challenges are prolonged, it will have major implications on global trade.

Russia Eyes Indian Tech Solutions: 'Best and Most Updated', Says Russian Minister

Russia Eyes Indian Tech Solutions: 'Best and Most Updated', Says Russian Minister

Fri, Jan 19, 2024

Russia's Moscow City Minister Sergey Cheremin, during talks with Indian officials, called for increased Russian involvement in India's infrastructure, software, and smart city projects. He praised India's "best and most updated solutions" based on global technology advancements, suggesting potential synergy for both nations.

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Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Wed, Dec 20, 2017

Most big Russian oil firms pulled out of Crimea after Washington imposed sanctions over Moscow`s annexation of the region from Ukraine in 2014 and threatened to put any company operating on the peninsula on its list of sanctioned entities.

Some WTO members to push for e-commerce rules as broader deal fails

Some WTO members to push for e-commerce rules as broader deal fails

Thu, Dec 14, 2017

A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.

Russia urges India to line up behind China's Belt and Road initiative

Russia urges India to line up behind China's Belt and Road initiative

Mon, Dec 11, 2017

India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part of the Belt and Road initiative. Russian Foreign Minister Sergei Lavrov, however, said New Delhi should not let political problems deter it from joining the project, involving billions of dollars of investment, and benefiting from it.

OPEC, allies set to agree oil cut extension to end of 2018

OPEC, allies set to agree oil cut extension to end of 2018

Thu, Nov 30, 2017

As the 14-country OPEC`s meeting started in Vienna, Saudi Energy Minister Khalid al-Falih said he favoured extending cuts by nine months until the end of 2018. He said it was premature to talk about exiting the cuts at least for couple of quarters and added that OPEC would examine progress at its next meeting in June.

Oil falls on doubts over extending output cuts, surprise rise in US crude stocks

Oil falls on doubts over extending output cuts, surprise rise in US crude stocks

Wed, Nov 29, 2017

Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories.

US oil dips on increased drilling, but OPEC cuts support global markets

US oil dips on increased drilling, but OPEC cuts support global markets

Mon, Nov 27, 2017

US oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended.

Oil prices dips on record US exports, but OPEC-led supply cuts lend support

Oil prices dips on record US exports, but OPEC-led supply cuts lend support

Thu, Oct 05, 2017

The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week.

Despite high fuel costs, car sales in India top emerging markets charts

Despite high fuel costs, car sales in India top emerging markets charts

Wed, Sep 20, 2017

Going ahead Moody's expects India’s automobile sales in 2017 to touch the 3.6 million units mark.

All eyes on Trump-Putin dynamics as they meet for first time at G20

All eyes on Trump-Putin dynamics as they meet for first time at G20

Fri, Jul 07, 2017

U.S. President Donald Trump and Russian President Vladimir Putin are set to size each other up in person for the first time on Friday in what promises to be the most highly anticipated meeting on the sidelines of the G20 summit.

Companies hit by global ransomware attack on June 27

Companies hit by global ransomware attack on June 27

Wed, Jun 28, 2017

A global ransomware attack on Tuesday hit computers at Russia`s biggest oil company, Ukraine`s international airport, global shipping firm A.P. Moller-Maersk and the world`s biggest advertising agency WPP .

Russia's Rosoboronexport to sign contract with India for delivery of S-400 Triumf air defence missile systems

Russia's Rosoboronexport to sign contract with India for delivery of S-400 Triumf air defence missile systems

Wed, Jun 21, 2017

Russia will soon sign contract with India for delivery of S-400 Triumf air defence missile systems, which is the most advanced long-range antiaircraft missile system that went into service in Russia in 2007.

Here's list of deals India signed during PM Narendra Modi's latest foreign tour

Here's list of deals India signed during PM Narendra Modi's latest foreign tour

Tue, Jun 06, 2017

PM Narendra Modi during his four-nation visit last week signed numerous MOUs or agreements with Germany, France and Russia right from digitalisation to co-operation on cyber policy to agreement on visa waiver for holders of diplomatic passports, among others.

PM Modi leaves for Germany, followed by Spain, Russia and France; this is what he will do

PM Modi leaves for Germany, followed by Spain, Russia and France; this is what he will do

Mon, May 29, 2017

Prime minister Narendra Modi will begin his six-days visit to four countries-Germany, Spain, Russian and France- from May 29 and will end his journey on June 3.

Natural gas production no longer profitable business, says ONGC chairman & MD Dinesh K Sarraf

Natural gas production no longer profitable business, says ONGC chairman & MD Dinesh K Sarraf

Sat, May 27, 2017

ONGC's head Dinesh K Sarraf has said that producing natural gas is no longer a profitable business for the company as the government-mandated gas price is significantly below the cost of production.

Gitanjali Gems among 3 Indian brands in world's top 50 luxury goods cos list

Gitanjali Gems among 3 Indian brands in world's top 50 luxury goods cos list

Sun, May 21, 2017

Three Indian brands namely Gitanjali Gems, Titan and PC Jeweller have been named in the list of top 50 luxury goods firms globally that was topped by Louis Vuitton.

Russia blocks China's social media app WeChat: Report

Russia blocks China's social media app WeChat: Report

Sat, May 06, 2017

Russia's regulator Roskomnadzor has blocked China's social media app WeChat developed by Tencent Holdings.

Global shipments of personal computers fall 2.4% in first quarter of 2017: Gartner

Global shipments of personal computers fall 2.4% in first quarter of 2017: Gartner

Wed, Apr 12, 2017

Gartner on Wednesday said the worldwide PC shipments for the first time in a decade fell 2.4% to 62.2 million units in Q1 of 2017 on account of decline in consumer demand.

Gold hits five-month high, geopolitical worries drive flight to safety

Gold hits five-month high, geopolitical worries drive flight to safety

Wed, Apr 12, 2017

Gold hit a 5-month high on Wednesday after rising nearly 2 percent in the previous session, with investors seeking refuge in safe-haven assets due to rising tensions over U.S. relations with Russia and North Korea.

BRICS bank to issue up to $500 million in masala bonds

BRICS bank to issue up to $500 million in masala bonds

Thu, Mar 30, 2017

The offering comes after the bank sold three billion in yuan-denominated green bonds ($435.5 million) on China's interbank market last year aiming to support clean and renewable energy use to reduce carbon emissions.

Engineering exports likely to reach over $60 billion this fiscal: Nirmala Sitharaman

Engineering exports likely to reach over $60 billion this fiscal: Nirmala Sitharaman

Thu, Mar 16, 2017

During Sitharaman's meeting with Russian Industry and Trade Minister Denis Manturov, both the sides deliberated upon ways to further boost the two-way commerce which stands at $6.62 billion currently.

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