Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indi
India's average crude import cost has increased sharply versus the Dubai benchmark, in FY2026 so far, even as the share of Russian crude in the country's oil basket has declined, said Kotak Institutional Equities in its latest report.
Congress leader Mani Shankar Aiyar on Tuesday criticised the Centre for personalising foreign policy decisions, amid US President Donald Trump's continued tariff threats against India over its purchase of Russian oil. Aiyar urged the government to involve foreign policy experts in such cr
Former United States National Security Advisor John Bolton has said that India's decision to stay largely silent and rely on back-channel diplomacy on US tariffs was the "best way to deal" with US President Donald Trump, cautioning that engaging in public confrontations would not make matter
Navarro, who serves as Trump's trade adviser, has in recent weeks taken repeated jibes at New Delhi, accusing India of profiteering from discounted Russian crude and claiming its tariffs are "costing American jobs."
"People fear what would happen to them if someone else grows bigger. Where will they be if India grows? So, they imposed a tariff," Bhagwat said, without naming any country.
White House Economic Advisor Kevin Hassett has said that US President Donald Trump and the trade team are "disappointed" with India's continued imports of Russian crude oil, but hoped for positive developments.
Reliance Industries' Oil-to-Chemicals (O2C) profitability in the first half of 2026 is tracking a strong 15 per cent year-on-year growth, well ahead of the full-year forecast of 8 per cent, supported by strength in auto fuels, the report said.
"ONGC refineries purchase Russian crude oil when it is economically viable, and based on spot market prices. If prices are competitive, our refineries will definitely buy. If it is not competitive, we will run our refineries from other sources," Singh told ANI.
White House Trade Adviser Peter Navarro on Thursday (local time) claimed that India is cozying up to China's President Xi Jinping, adding New Delhi of acting as a "laundromat for the Kremlin" by purchasing discounted Russian crude oil, refining it, and selling the products at a premium gl
Babushkin also hit out at Washington's tariff decision and pressure on New Delhi over Russian crude oil, saying the moves were "unjustified and unilateral."
White House trade adviser Peter Navarro has targeted Indian purchases of Russian crude oil, accusing it of funding Moscow's war in Ukraine and called on New Delhi to stop.