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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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Clinton, Trump spar over gun control, Russia, immigration in final debate

Clinton, Trump spar over gun control, Russia, immigration in final debate

Thu, Oct 20, 2016

Democratic nominee Hillary Clinton and her Republican rival Donald Trump went head-to-head in the final presidential debate on Wednesday sparring over various issues including gun control, immigration and Russia.

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil rises on reported US crude inventory draw, expected OPEC cut

Wed, Oct 19, 2016

Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.

India, Russia sign 16 agreements across multiple sectors

India, Russia sign 16 agreements across multiple sectors

Sat, Oct 15, 2016

India and Russia on Saturday signed 16 agreements across multiple sectors following delegation-level talks co-chaired by Prime Minister Narendra Modi and Russian President Vladimir Putin in Goa.

Russia's Rosneft, partners to invest nearly $13 billion in India's Essar Oil:CEO

Russia's Rosneft, partners to invest nearly $13 billion in India's Essar Oil:CEO

Sat, Oct 15, 2016

A group led by Russian oil major Rosneft will invest around $12.9 billion (nearly Rs 85,820.5 crore) in India's Essar Oil, Chief Executive Igor Sechin told reporters on Saturday.

India, Russia sign key defence, economic pacts

India, Russia sign key defence, economic pacts

Sat, Oct 15, 2016

India and Russia on Saturday signed 16 key agreements, including a pact on missile sales and a joint venture (JV) for manufacturing helicopters, as the two countries further boosted their military ties.

India, Russia agree missile sales, joint venture for helicopters

India, Russia agree missile sales, joint venture for helicopters

Sat, Oct 15, 2016

India and Russia on Saturday announced plans to set up a joint venture to build helicopters in India, which will also buy surface-to-air missile systems from its former Cold War ally, as the two tighten their military relationship.

Russian state fund to co-invest over Rs 6,600 crore in India

Russian state fund to co-invest over Rs 6,600 crore in India

Sat, Oct 15, 2016

The state-backed Russian Direct Investment Fund (RDIF) will work with an Indian fund to invest $1 billion (nearly Rs 6,652.8 crore) in Asia's third-largest economy, the head of the fund said before a bilateral summit expected to yield several big business deals.

GST rate on polluting items may be higher, Jaitley says

GST rate on polluting items may be higher, Jaitley says

Fri, Oct 14, 2016

"The USD 100-billion number has been talked about for the past 10 years and there is very little pressure from the domestic constituencies in the advanced economy countries, including the media. This is part of a grand bargain and if you keep on undermining this, I think people will walk away from the table at some point," Patel said.

Ericsson warns on Q3 profit as network sales dive

Ericsson warns on Q3 profit as network sales dive

Wed, Oct 12, 2016

Ericsson, the world's biggest maker of mobile network equipment, said on Wednesday its third-quarter (Q3) profit plunged to just a fraction of analysts' forecasts, with sales in its core networks division slumping nearly 20%.

Crude oil edges up before producer talks on output curbs

Crude oil edges up before producer talks on output curbs

Wed, Oct 12, 2016

Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

Fri, Oct 07, 2016

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

Russia aims to keep oil output around current level after OPEC deal

Russia aims to keep oil output around current level after OPEC deal

Thu, Sep 29, 2016

Russia is aiming to keep its oil production at near-record levels despite OPEC's decision to modestly reduce its output, Russian Energy Minister Alexander Novak said on Thursday.

Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

Thu, Sep 29, 2016

WTI was trading around $47 a barrel, after gaining more than 5 percent on Wednesday on OPEC`s planned output cut. [O/R]

Oil India-led PSU consortium to buy stakes in two Russian oil fields

Oil India-led PSU consortium to buy stakes in two Russian oil fields

Wed, Sep 28, 2016

A consortium of Oil India, Indian Oil and Bharat Petro Resources Limited (BPRL) will acquite 23.9% stake in Russia's Vankomeft and 29.9% stake in Taas-Yuryakh oil fields from Rosneft Oil Company, Government said on Wednesday.

Russian oil majors Rosneft, Gazprom Neft raise output of hard-to-recover crude

Russian oil majors Rosneft, Gazprom Neft raise output of hard-to-recover crude

Mon, Sep 26, 2016

Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.

Oil falls below $49 but set for weekly rise on OPEC hopes, US stocks

Oil falls below $49 but set for weekly rise on OPEC hopes, US stocks

Fri, Sep 09, 2016

Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in US crude stocks.

Saudi Arabia, Russia sign oil pact; may freeze output in future

Saudi Arabia, Russia sign oil pact; may freeze output in future

Tue, Sep 06, 2016

Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.

India ranks second in unequal wealth distribution after Russia: Report

India ranks second in unequal wealth distribution after Russia: Report

Mon, Sep 05, 2016

While India is among the 10 richest countries in the world with a total individual wealth of $5,600 billion, the average Indian is quite poor.

India jumps 19 places in 2 years on World Bank’s Logistic Performance scale

India jumps 19 places in 2 years on World Bank’s Logistic Performance scale

Wed, Aug 31, 2016

India has moved up 19 places to 35th position on World Bank’s Logistics Performance Index (LPI) 2016 report. In its report entitled ‘Connecting to Complete 2016,’ World Bank has announced the LPI status of different countries where Germany ranked first with an LPI score of 4.23.

Crude oil falls towards $49 per barrel on high output, strong dollar

Crude oil falls towards $49 per barrel on high output, strong dollar

Mon, Aug 29, 2016

Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East organisation of OPEC members and as a stronger US dollar weighed on commodities.

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