US blocks Russia's access to dollars, increasing risk of default: Report
Apr 06, 2022, at 09:17 pm
The United States has started blocking Russia from making debt payments using dollars held in U.S. banks, media reports said.
Hit by global sanctions, Russia offers deep discounts to India on oil purchases: Report
Apr 01, 2022, at 05:47 pm
New Delhi: Russia is offering India deep discounts on the direct sale of oil as most of its importers have backed out amid sweeping Western sanctions, including its exclusion from the cross-border payment system SWIFT, following the invasion of Ukraine, Bloomberg reported citing sources.
Russia insists on getting paid in roubles
Apr 01, 2022, at 04:17 pm
Moscow/UNI: Russia has warned European countries that they need to pay for gas in roubles or the supplies would be cut off.
Apr 01, 2022, at 03:19 am
New Delhi: The US and Australia have called out India for considering Moscow's proposal for rupee-ruble-denominated payments using its own mechanism that would sidestep sanctions, including Russia's exclusion from global money transfer network SWIFT, imposed by America and its allies.
India becomes the fifth most valued stock market
Mar 11, 2022, at 08:48 pm
Mumbai: India is now the fifth most valued stock market ahead of the United Kingdom, Canada and Saudi Arabia.
Russia retaliates against Western sanctions with export bans: Report
Mar 11, 2022, at 08:09 pm
Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.
Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery
Mar 11, 2022, at 07:06 pm
Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.
Ukraine War: Economy in 'shock' from unprecedented economic war, admits Russia
Mar 11, 2022, at 02:32 am
Moscow: Russia has admitted that the country's economy is in a shock and it is taking measures to resist the impact of what it described as an "absolutely unprecedented" economic war waged against Moscow, media reports said.
Mar 09, 2022, at 08:40 pm
As Russia's invasion of Ukraine enters the 14th day, three more companies - McDonald's, Coca-Cola and Starbucks - have announced closure of business in Russia, joining the growing list of international businesses leaving the country, media reports said.
Skyrocketing cooking oil prices to worsen food inflation situation
Mar 05, 2022, at 04:55 am
Amid Russia’s invasion of Ukraine coupled with U.S. and European sanctions that ensued and consequent disruption in the supplies of key commodities like grains and edible oils, shoppers need to prepare to dish out more money on groceries.
Hikes in petrol, diesel prices likely to start from next week: Report
Mar 03, 2022, at 12:44 am
New Delhi/IBNS: Petrol and diesel prices are likely to increase after assembly elections in five states get over next week to cover the Rs 9 a litre gap caused by international oil prices that zoomed past $100 a barrel.
Mar 02, 2022, at 07:07 am
The initial public offering of state-run insurance behemoth Life Insurance Corporation of India (LIC) can be pushed to the next financial year, media reports said, noting that the government is likely to hold a meeting to reassess the IPO timing amid the Russia-Ukraine war.
Mar 02, 2022, at 03:53 am
New Delhi: State-run Indian refiner Bharat Petroleum is seeking to import crude oil from the Middle Eastern producers to meet the requirements for April, fearing that the Western sanctions on Russia can disrupt the deliveries of Urals crude, Reuters reported citing sources.
Russia-Ukraine War: SBI halts trade with sanctioned Russian entities
Mar 02, 2022, at 01:18 am
State-run lender State Bank of India has said it has suspended transactions involving Russian entities in the wake of international sanctions, media reports said.
Russia-Ukraine war: Rouble tanks to all-time low as market opens
Feb 28, 2022, at 07:53 pm
Moscow/UNI: The Rouble currency dipped to an all-time low versus the US dollar on Monday as markets opened for trading on the first day after western nations punished Russia with economic sanctions for its invasion of Ukraine.
BP exits its 20 pc stake in Russian oil giant Roseneft in wake of Ukraine invasion
Feb 28, 2022, at 06:52 am
British energy giant BP said Sunday it plans to offload a 19.5 percent stake in oil Russian company Rosneft (ROSN.MM) in the wake of Russia's invasion of Ukraine, media reports said.
Ukraine-Russia conflict: Indian govt could lose Rs 1 trillion revenue, says SBI report
Feb 26, 2022, at 08:10 am
Kolkata/UNI: The Indian Government could incur a revenue loss of Rs 95,000 crore to Rs 1 lakh crore for FY23 because of rising oil prices in the backdrop of the continuing Russia-Ukraine conflict, a State Bank of India research report said on Friday.
Govt sets up helpdesk for exporters in the wake of Russia-Ukraine crisis
Feb 26, 2022, at 08:03 am
New Delhi/UNI: In view of difficulties faced by exporters arising out of Russia-Ukraine crisis, Commerce Ministry has set up a helpdesk to support and seek suitable resolutions to issues related to trade.
Russia's Ukraine blitz sends oil prices soaring, dampening hopes of post-Covid economic recovery
Feb 26, 2022, at 07:24 am
Crude oil prices crossed the $100 per barrel mark after Russia launched a military attack on Ukraine on Thursday, media reports said.
Russia-Ukraine crisis: Crypto markets feel the heat
Feb 26, 2022, at 03:34 am
While the economies across the world are bracing for a tough period following the Russia-Ukraine crisis, the global crypto markets are already feeling the heat, sliding more than 11 percent, said media reports.
Indian pharma companies worried over impact of Russia-Ukraine crisis
Feb 25, 2022, at 07:37 am
The Indian pharma sector may take a hit because of Russia-Ukraine crisis and and sanctions against Russia by many western countries including the US, media report said.
UK PM Boris Johnson announces largest ever sanctions targeting Russian entities, wealthy individuals
Feb 25, 2022, at 06:26 am
In a slew of economic sanctions against Russia, UK Prime Minister Boris Johnson announced measures targeting banks, members of President Vladimir Putin's closest circle and wealthy Russians who enjoy high class London lifestyles, Reuters reported.
Ukraine-Russia situation can hit oil & gas, essential commodities: Ex-RBI governor Raghuram Rajan
Feb 25, 2022, at 05:12 am
Former RBI governor Raghuram Rajan in an exclusive interview to CNBC-TV18 said Russia's invasion of Ukraine can create difficulties for countries dependent on supply of gas and commodities from the region.
Sensex plunges 2,702.15 points following Russian invasion of Ukraine
Feb 25, 2022, at 12:33 am
Mumbai/UNI: The Indian equity market witnessed a bloodbath on Thursday as the Sensex plummeted 2,702 points, below 55K to 54,529.91, following Russia's invasion of Ukraine.
Indian delegation to take part in 6th Eastern Economic Forum
Aug 12, 2021, at 05:14 am
Moscow/IBNS: Ambassador of India to the Russian Federation D. B. Venkatesh Varma participated in a meeting at Moscow with Russian President and Executive Secretary of the Eastern Economic Forum Organizing Committee Anton Kobyakov during which they discussed possible formats for India’s participation in the EEF 2021 and SPIEF 2022.
Russia-US trade fell by 3.8 pc year-on-year to $1.45Bln in Jan: Customs Service
Mar 11, 2019, at 04:32 pm
Moscow, Mar 11 (Sputnik) Trade between Russia and the United States declined by 3.8 per cent year-on-year to $1.45 billion in January, Russia’s Federal Customs Service (FCS) said on Monday.
Russia-China trade dropped by 4.5 pc year-on-year to $8.1Bln in Jan: Customs Service
Mar 11, 2019, at 04:17 pm
Moscow, Mar 11 (Sputnik/UNI) Trade between Russia and China decreased by 4.5 per cent in January compared to the same period last year, totaling $8.07 billion, the Russian Federal Customs Service (FCS) said Monday.
Mahindra World City welcomes Russian trade delegation
Oct 12, 2016, at 10:17 pm
Jaipur, Oct 12 (IBNS): Mahindra World City Jaipur Ltd. (MWC Jaipur), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), recently hosted a prominent government and business delegation from the Russian Federation, led by Alexey Repik President of "Business Russia".
EEPC India aims to boost bilateral trade with Russia
Jun 22, 2016, at 07:51 pm
New Delhi, Jun 22 (IBNS): EEPC India, a premier trade and investment promotion organisation and India Brand Equity Foundation (IBEF) will jointly represent the country at the flagship Russian engineering and technology event, INNOPROM, to be held in Ekaterinburg (in the Sverdlovsk region located at the strategic Euroasian border) between July 11 and 14, 2016.