Related News

NEW DELHI: Isro will mark its first launch of 2026 – PSLV C62 mission – on Monday (Jan 12) at 10.17 am from the first launchpad at the Sriharikota spaceport.

Product Name: Ozelyt NAD+ Booster Complex – Tap Into the $18B Longevity Market Click here to get Ozelyt NAD+ Booster Complex – Tap Into the $18B Longevity Market at discounted

Are we in an artificial intelligence bubble? It’s the debate that dominated the tech industry in 2025, and it’s not going away anytime soon. Record valuations and deals driven by

George H. Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg

An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images Amazon has submitted plans for a large-format store near Chicago that would be larger than a Walmart Supercenter, marking

SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters OpenAI and SoftBank

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

India-US trade: Officials react cautiously to Russia penalty threat

Word Count: 639 | Estimated Reading Time: 4 minutes


India-US trade: Officials react cautiously to Russia penalty threat

NEW DELHI: As President Trump threatened to impose a penalty on India for its trade ties with Russia, Indian officials reacted cautiously as they reiterated India’s position that securing energy needs of the Indian people is the overriding priority.A source, speaking on condition of anonymity, said India is buying oil not because it wants to help Moscow but because it’s the right thing to do based on the prevailing market conditions and the global geopolitical situation.Trump said India has always bought “a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy along with China”.However, India had been keen on announcing new plans for defence procurement and co-production arrangements with the US too. During PM Narendra Modi’s visit to the US in Feb, Trump pushed India to lower tariffs and buy more defence products from the US that would facilitate a fair trade deal. With the US encouraging India to reduce its dependence on Russian-origin equipment, the leaders had agreed to expand defence sales and co-production to strengthen interoperability and defence industrial cooperation.In that context, govt sources here said some of Trump’s claims don’t stand up to scrutiny. “The fact is that India-US defence trade has been increasing since 2008, while the dependence on Russia continues to reduce considerably,” said an official on condition of anonymity, adding that the US is now among the top arms suppliers to India along with Russia and France.While much has been made of India’s imports from Russia, little attention has been paid to the fact that its crude imports from the US have seen a significant jump too with the US emerging as the 4th largest supplier to India in April this year, according to Indian officials.





Source link

Most Popular Articles