India, which has made it clear that it will not use Chinese yuan to purchase Russian oil, the domestic oil refiners are trying to resolve the payment mechanism at the …
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India’s oil imports
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Economy
Israel Hamas war now brings fresh challenges to global economy, India watchful
by IN Bureauby IN BureauThe International Monetary Fund has warned that the Israel-Hamas war could be the new “new cloud” which could dent global economy. “Very clearly, this is a new cloud on not …
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Economy
Is BRICS set to change world energy order after top oil producers queue up to join grouping?
Among the several countries that have expressed keenness to join the BRICS (Brazil-Russia-India-China-South Africa) bloc, the applications by Saudi Arabia, Iran, UAE, Egypt, Bahrain – the world’s top oil producers …
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Economy
After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market
Notwithstanding the teething problems in the rupee-ruble payments mechanism, India’s oil imports from Russia further increased in June with a record high of 2.2. million barrels per day (bpd) being …
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Economy
India displaces China to be largest purchaser of Russian seaborne oil
by IN Bureauby IN BureauAs more than 90 per cent of Russian oil is flowing into Asia since the beginning of the Ukraine war last year, India’s imports of seaborne crude from Moscow are …
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Will the operationalisation of the 7,200 km long International North South Transport Corridor (INSTC) boost India-Iran ties and push trade between the two countries? India and Iran, once close partners, …
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Sanction-hit Russia may use its accumulated Indian currency for investments in government securities or even through foreign direct investment for greenfield or brownfield projects besides expanding bilateral trade as New …
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Economy
India’s deepening economic engagements with Russia has a message for the world–it is serious about its strategic autonomy
India, as it presses the pedal on a free trade agreement with Russia to boost economic and trade activities, has a message to the world — that New Delhi will …
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Even as the Group of Seven countries imposed a price cap of $60 per barrel on Russian oil, Indian policymakers are not overtly worried. India is currently buying Russian crude oil …
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As OPEC (Organization of the Petroleum Exporting Countries) Plus members gear up to cut production from November, India is aggressively looking to diversify its oil procurement sources. The OPEC Plus …
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India is expected to shift its focus back on economic growth even as inflation inched upward touching the uncomfortable 7 per cent mark in August up from 6.7 per cent …