In a significant blow to India–U.S. trade relations, U.S. President Donald Trump has announced that a 25% import duty on Indian goods will take effect from August 7 (U.S. time). This move follows the failure of five rounds of trade negotiations between the two countries to resolve key differences. Despite India’s efforts to reach a…
Private refiners Reliance Industries, and Nayara Energy are the biggest Russian oil buyers in India, but state refiners control over 60% of India’s overall 5.2 million barrels per day refining capacity Representational imageShutterstock picture. Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and US President Donald…
NEW DELHI, July 31 (Reuters) – Indian opposition parties criticised the government on Thursday, describing U.S. President Donald Trump’s threat of a 25% tariff as a diplomatic failure for New Delhi, while the rupee currency tumbled and equity indexes slid in response to the news. The 25% rate would single out India more harshly than…
