Following Washington's 50 per cent tariffs on Indian goods coming into effect earlier on Wednesday, US Treasury Secretary Scott Bessent expressed optimism about resolving trade tensions with India, stating, "at the end of the day, we (India and the US) will come together."
Minister of State for External Affairs Kirti Vardhan Singh denounced the United States' decision to impose a 50 per cent tariff on Indian imports on Wednesday, calling it "unjustified, unreasonable, and unfair."
Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL), both Maharatna Public Sector Enterprises, on Tuesday formalised a Joint Venture Agreement (JVA) at the BPCL Corporate Office to establish a Joint Venture Company (JVC).
The LPG under-recovery for Oil Marketing Companies (OMCs) witnessed a sharp decline in the first quarter of FY26, narrowing by nearly 35 per cent quarter-on-quarter, according to a report by Care Edge Ratings.
Oil and Natural Gas Corporation Limited (ONGC) has officially commenced sales of natural gas from its Chinnewala Tibba field, a Discovered Small Field (DSF-II) block located in the Rajasthan Kutch Onland Exploratory Asset (RKOEA).
"India must take Trump's point over Russian oil seriously, and work with the White House to find a solution. The sooner the better. Decades of friendship and good will between the world's two largest democracies provide a solid basis to move past the current turbulence. Navigating issues
"First of all, we have clearly stated that our objective is energy security of 1.4 billion people of India and India's cooperation with Russia...So the US decision is unfair, unreasonable and unjustified. Now government will continue taking measures which will protect the national interes
The engagement comes amid ongoing tariff tensions over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purchase of Russian oil.
The minister also argued that the tariff issue was being wrongly presented as an "oil dispute." He noted that the same criticism levelled at India for purchasing Russian energy had not been applied to larger importers, such as China and European nations.
Ambassador of India to the US, Vinay Mohan Kwatra, on Friday (local time) held talks with Michigan's Lawmaker Haley Stevens on India-US bilateral economic partnership amid economic concerns over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purch
Trump, during his gaggle with the press, said, "We're going to see if Putin and Zelenskyy will be working together. You know, it's like oil and vinegar a little bit. They don't get along too well for obvious reasons, but we'll see. And then we'll see whether I need to be there," he said.<