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Urgent measures needed to reduce trade imbalances with Russia: S Jaishankar

Urgent measures needed to reduce trade imbalances with Russia: S Jaishankar

Mon, Nov 11, 2024

External Affairs Minister S Jaishankar on Monday called for "urgent" measures to address the issue of widening trade deficit between India and Russia.

US Requests India to Leverage Russia Ties to Urge Putin to End Ukraine War

US Requests India to Leverage Russia Ties to Urge Putin to End Ukraine War

Tue, Jul 16, 2024

The United States has called on India to use its diplomatic relationship with Russia to persuade President Vladimir Putin to cease the ongoing conflict in Ukraine. This move underscores the importance of international efforts to bring about a resolution to the war.

India, Russia eye $100 billion trade by 2030, cooperation in energy, agriculture

India, Russia eye $100 billion trade by 2030, cooperation in energy, agriculture

Wed, Jul 10, 2024

This to achieve mutually agreed trade volume of more than USD 100 billion by 2030, including increased supplies of goods from India to achieve balanced bilateral trade. Also, reinvigoration of investment activities within the framework of the special investment regimes was agreed.

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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.

Oil prices fall over 1% as analysts say market still oversupplied

Oil prices fall over 1% as analysts say market still oversupplied

Tue, Aug 23, 2016

Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.

Where does India stand globally on defence spends?

Where does India stand globally on defence spends?

Mon, Aug 22, 2016

While the US' spends on defence is the maximum on defence reaching to $571 billion in 2014, but in terms of military expenditure as a percentage of the GDP it ranks fourth with 3.5%.

Oil prices fall on doubts producers can agree output restraint

Oil prices fall on doubts producers can agree output restraint

Wed, Aug 17, 2016

Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.

Rosneft Q2 profit tumbles 33% on low oil prices

Rosneft Q2 profit tumbles 33% on low oil prices

Mon, Aug 15, 2016

Rosneft's total revenue suffered a 7.8% drop, falling to $19.2 billion, slightly exceeding the expectations of analysts quoted by Russia's Interfax news agency.

Oil rises on hopes of Russia to talk to producers on stabilising prices

Oil rises on hopes of Russia to talk to producers on stabilising prices

Mon, Aug 15, 2016

On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.

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