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  • Indian economy showing resilience and recovery: CEA

    Indian economy showing resilience and recovery: CEA0

    However, there are challenges, and geopolitics is messy for which foreign investors are cautious, the CEA said. Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy was on the path to recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges. Speaking at a virtual seminar organised by Swadeshi Research Institute,

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  • India’s ONGC sells Russia’s Sokol oil to Indian refiners

    India’s ONGC sells Russia’s Sokol oil to Indian refiners0

    India’s ONGC Videsh Ltd has sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month, sources familiar with the matter said. Indian companies are snapping up Russian oil as it is available at a deep discount after

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  • India’s January crude oil imports slip from one-year highs

    India’s January crude oil imports slip from one-year highs0

    India’s crude oil imports in January slipped from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease coronavirus restrictions after a decline in cases. Crude oil imports fell about 1.7% to 19.26 million tonnes last month from a year earlier, government data showed on Friday. Lower imports corresponded

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  • India’s exports rise to record high of $418 billion in FY22

    India’s exports rise to record high of $418 billion in FY220

    India’s merchandise exports spurt to a record high of USD 418 billion in 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals, according to official data released on Sunday. India’s goods trade (exports and imports) crossed USD 1 trillion during 2021-22 as the country’s imports to have touched an

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  • India to provide additional $500-mn assistance to Sri Lanka for fuel

    India to provide additional $500-mn assistance to Sri Lanka for fuel0

    India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s foreign minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a $450 million in swap repayments. “Assistance by the IMF will take about six months to come to us and it will come in

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  • India to host 2023 International Olympic Committee session in Mumbai

    India to host 2023 International Olympic Committee session in Mumbai0

    India has won the bid to host the 2023 International Olympic Committee’s (IOC) session in Mumbai, in an unopposed race on February 19. The Indian delegation made its presentation to IOC members during the 139th IOC Session, being held alongside the ongoing Winter Olympics in Beijing. This will be the first time in four decades

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