India to Keep Buying Quality Crude Oil, Says GovernmentÂ
India will continue purchasing crude oil from countries where it is available at affordable prices and of high quality, while factoring in geopolitical shifts and avoiding sanctioned sources, the government told a parliamentary panel on Tuesday. Ministry of External Affairs and Commerce’s senior officials briefed the Parliament Standing Committee on External Affairs, chaired by Congress…
Himanshu
IOC & HPCL Purchases 2 Million Barrels of Venezuelan Oil
Indian refineries, including Indian Oil Corp. and Hindustan Petroleum Corp., have purchased 2 million barrels of Merey crude from Venezuela for delivery in the second half of April. The crude will be carried on a very large crude carrier, with IOC taking about 1.5 million barrels and HPCL about 500,000 barrels, and is scheduled to…
Vipin
Indian Refineries Skips Russian Oil For US Trade Deal
India’s refineries and trading sources said they are avoiding Russian crude oil purchases and have decided to stay away from such trades for the long term to help New Delhi secure a trade deal with the US. India and the US announce a framework for a deal, with finalisation expected by March, to reduce tariffs…
ABHYUDAYA MITTAL
India to Initiate FTA Talks With 6 Gulf CountriesÂ
India has begun negotiations for a free trade agreement (FTA) with the Gulf Cooperation Council (GCC), comprising six member nations. This agreement comes as India looks to strengthen trade ties with advanced countries. The GCC is the largest trading bloc with which India trades. India has signed the terms of reference (TOR) that describe the…
Shipra Prajapati
India-US Trade Pact, Russian Oil and Kremlin Reaction
India’s recently announced trade agreement with the United States has sparked international attention, particularly around its implications for India’s Russian oil imports and broader geopolitical ties. U.S. President Donald Trump said the pact would cut U.S. tariffs on Indian goods to 18% and include conditions under which India would halve or sharply reduce purchases of…
Sumit
Trump Cuts Tariffs to 18%, Bringing Relief to India
Donald Trump on Monday announced a trade deal with India to reduce tariffs to 18% from 50%, in exchange for halting Russian crude oil purchases and easing trade restrictions. This significant move to ease tariffs has sparked a rally across Asian countries’ markets. Even though the details of the deal are not yet clear, sentiment…
Zensar Poised To Acquire Mastek in a $900 Million Deal
Zensar Technologies is reportedly close to acquiring Mastek for a deal valued between $850 million and $900 million. The acquisition supports the ongoing trend of consolidation in the IT and IT-enabled services sectors, driven by advances in artificial intelligence and the increasing influence of international consumers, which are refining the vendor landscape. The past year…
Budget 2026 Sets Ground For India’s Tech & AI JumpsÂ
The Finance Minister launched the India Semiconductor Mission 2.0. This mission aims to strengthen local capabilities in the semiconductor, chemicals, and gases market, which is projected to reach about $400 billion by 2030, according to the India Electronics and Semiconductor Association (IESA) and SEMI India. Lately, capital expenditure and investment in specialised equipment are shifting…
India-Germany on the Verge of Signing Submarine Deal
India and Germany are set to sign a multi-billion-dollar deal to manufacture a next-generation conventional submarine by the end of March, with an Intergovernmental Agreement (IGA) finalised with Germany for long-term support and export clearances, and cost negotiations with Mazagaon Dockyards Limited (MDL) completed.  According to the sources, the IGA has been finalised, and the…
Amazon’s Layoffs to Impact Over 500 Employees in IndiaÂ
Amazon announced a significant reduction in its global workforce, with over 500 employees in India, and expects to cut 16,000 roles worldwide. India will be majorly affected by this action; however, it is expected to split it evenly between the commerce operations and Amazon Web Services (AWS). Earlier in October, Amazon eliminated nearly 14,000 roles…
