Hours after he mentioned raising tariff on India, US President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% "very substantially" over the next 24 hours due to New Delhi's continued purchases of Russian oil, Reuters re
At the closing of the trading in the stock markets today, the BSE Sensex was at 80,710.25, slipping over 308 points or 0.38 per cent, while the Nifty 50 at National Stock Exchange (NSE) was down 73.20 points or 0.30 per cent at 24,649.55.
US President Donald Trump has been unfairly targeting India over Russian oil imports, while choosing not to criticize China, according to a recent report by the Global Trade Research Initiative (GTRI).
Trump's announcement, made on his social media platform Truth Social, came days after he announced a 25 per cent reciprocal tariff on India and an unspecified penalty for importing oil from Russia.
US Secretary of State Marco Rubio criticized India's Russian oil imports, calling them a "point of irritation" that funds the Ukraine war. He defended past investigations clearing Trump of collusion, warned against recognizing Palestine, and stressed strategic balance with China amid global
Speaking at the FIPI Oil and Gas Awards Ceremony, the minister highlighted the dramatic shift in India's oil sourcing over the past two years, with Russian oil imports surging from a mere 0.2 per cent in February 2022 to consistently occupying the top spot in recent months.
On Sunday, a ship docked at the port of Karachi with the equivalent of around 3,30,000 barrels of Russian crude oil. Next week, a different vessel with a little bit more oil is anticipated. Shehbaz Sharif, the prime minister of Pakistan, referred to the imports as transformative for the nati
Defending India's stance on importing crude oil from Russia, External Affairs Minister S Jaishankar on Tuesday said that it's a sensible policy to go where we get the best deal in the interest of the Indian citizens.
Washington [US], October 8 (ANI): India has reiterated its choice of importing oil from countries like Russia after OPEC Plus, a consortium of oil-producing nations led by Russia and Saudi Arabia announced a slash in oil production by two million barrels per day.