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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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  • Wheat export at 70.30 lakh tonnes till Mar 21 this fiscal

    Wheat export at 70.30 lakh tonnes till Mar 21 this fiscal0

    The total wheat export stood at 70.30 lakh tonnes till March 21 this fiscal, with maximum shipments to Bangladesh followed by Sri Lanka and UAE, Parliament was informed on Friday. As both Ukraine and Russia are major exporters of wheat with more than 25 percent total share in the global wheat trade, there is scope for India to increase exports

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  • Russia offers oil to India at steep discount of $35 a barrel to pre-war price

    Russia offers oil to India at steep discount of $35 a barrel to pre-war price0

    Russia has offered oil to India at a steep discount of $35 barrel on prices before the war as mounting international pressure lowers the appetite for its barrels elsewhere following the invasion of Ukraine, reported Bloomberg. The sanctions-hit nation is offering its flagship Urals grade to India at discounts of as much as $35 a

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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’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 reports 1,270 new COVID-19 cases, 31 deaths in a day

    India reports 1,270 new COVID-19 cases, 31 deaths in a day0

    India has reported 1,270 new COVID-19 cases in the last 24 hours, continuing with its trend of clocking less than 2,000 daily cases for the last several days. The fresh number of infections takes the tally of confirmed coronavirus cases in the country to 4,30,20,723. The number of active coronavirus cases has now slipped to 15,859 –

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