The Noble Walker, a sanctioned vessel carrying Russian oil, has rerouted to India’s Vadinar port after Adani Group banned blacklisted ships from Mundra port. Carrying about a million barrels of Russian crude for HMEL, the vessel was previously headed to Mundra. India has been tightening surveillance on Russian oil vessels after becoming a major buyer.
Sanctioned ship with Russian oil switches Indian port after Adani ban, data shows
Syama Prasad Mookerjee Port, Kolkata, inked a 30-year concession with JSW Infrastructure Ltd for a Rs 740-crore project. This involves reconstructing berth 8 and installing rail-mounted quay cranes at berths 7 and 8 in Netaji Subhas Dock. The project aims to enhance container cargo handling with a 25-acre backup area, projecting an annual handling capacity […]
India & US return to negotiating table after Trump’s penal tariffs: Will a trade deal finally take shape?
1 month ago
India and the US are set to resume in-person trade discussions in New Delhi on August 27, following a period of strained relations marked by US tariffs on Indian goods due to Russian oil purchases.
UCO Bank, an Indian lender, has received government approval to facilitate trade payments for Nayara Energy, which was sanctioned by the EU. This move comes after large financial institutions shunned Nayara due to its part-ownership by Russian oil major Rosneft.
India’s goods exports experienced a 6.7% increase in August, reaching $35.1 billion, driven by electronics, engineering goods, and gems and jewellery, while imports fell 10.1% to $61.6 billion. This led to a narrowed merchandise trade deficit of $26.5 billion. The government is actively identifying 100 products to reduce import dependency and enhance domestic capabilities, focusing […]
White House Trade Advisor Peter Navarro stated India is coming to the negotiating table, but raised concerns about high tariffs and the country’s increased purchase of Russian oil post-2022. He criticized India’s ties with Russia and China.
India’s exports to the US experienced a 14% month-on-month decline in August, totaling USD 6.86 billion, following the implementation of tariffs by the US. Despite this decrease, the US remained India’s top export destination for August and the preceding five months. Exports to the US saw a 7.15% increase compared to the same period last […]
India brags about having 1.4 billion people but won’t buy one bushel of US corn: Lutnick
1 month ago
Commerce Secretary Howard Lutnick criticized India’s trade practices, highlighting the imbalance where India sells extensively to the US but restricts American corn imports with tariffs. He asserted that India must lower its tariffs to ensure fair and reciprocal trade, aligning with President Trump’s stance. Lutnick warned of potential difficulties in US-India trade relations if these […]
India should develop its own sovereign digital solutions, reduce reliance on US systems: GTRI
1 month ago
India’s heavy reliance on US software, cloud, and social media creates strategic vulnerabilities, warns think tank GTRI. The report urges developing indigenous OS, cloud, cybersecurity, and AI through a “Digital Swaraj Mission” by 2030. Phased steps include sovereign cloud hosting, national OS, Linux adoption, and public-private cybersecurity consortia.
Vinay Mohan Kwatra also spoke with Congressman Greg Steube, briefing him on issues of mutual interest including bilateral trade, especially in energy, and spoke about India’s support to all efforts to bring an end to the conflict in Ukraine through dialogue and diplomacy.