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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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  • India to build Sri Lanka wind farms after China pushed aside

    India to build Sri Lanka wind farms after China pushed aside0

    India has agreed to develop three Sri Lankan wind farms on islets between the countries, officials said on Tuesday, in a victory for New Delhi after the project was taken away from a Chinese firm. New Delhi has long been alarmed about the growing Chinese influence in the region. In 2020, 20 Indian soldiers and four

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  • India sells a record 1.4 million tonnes of wheat in April as Black Sea supplies fall

    India sells a record 1.4 million tonnes of wheat in April as Black Sea supplies fall0

    According to four trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to the Black Sea supply hit hard by the Ukraine conflict. The first month of the fiscal year is April. In fiscal 2021-22, India, the world’s second-largest wheat

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