Page 2 - Economy

India slips to third among Russian oil buyers as US sanctions hit flows

RIL has cut Russian oil imports by 49 per cent, while the state-run refineries reduced it by 15 per cent in the month, said CREA

India may face fallout from US 25% tariff on Iran trade partners

Though largely routed via UAE, India's basmati rice and tea exports may come under pressure

Strong domestic growth will attract foreign investments: RBI Governor

The six-member Reserve Bank of India's Monetary Policy Committee had revised its growth forecast for the current financial year to 7.3 per cent in December from 6.8 per cent in October

Datanomics: Ties with Germany to power India-EU relations ahead

The visit is significant in the wake of ongoing discussions to finalize the India-European Union FTA

Hungry for power: Rise of data centres fuels concerns over energy infra

India's fast-growing data centre sector is emerging as a major new driver of power demand, prompting questions over grid capacity, energy sourcing and long-term infrastructure readiness

Vegetable oil imports rise 8% to 13.83 lakh tonnes in Dec: Industry body

According to data, imports of edible oils increased to 13,62,245 tonnes last month, from 12,29,790 tonnes in December 2024

India's new FTA playbook looks beyond trade and tariffs to investment ties

India's recent free trade agreements mark a shift from tariff-led negotiations to deeper economic partnerships, embedding investment commitments, market access and supply chain integration

How seriously Indian states are funding artificial intelligence ambitions

A review of FY26 state Budget speeches shows wide variation in how Indian states plan to adopt AI and how little most are willing to spend on it

RBI gets bids three times notified amount at buy-sell swap auction

At the auction, the central bank received 348 bids worth $29.94 billion and accepted 42 bids, with the cut-off premium set at 728 paise

India slips to third among Russian fossil fuel buyers amid sanctions

India's Russian fossil fuel imports fell sharply in December, pushing it to third place as Reliance and state refiners cut crude purchases amid sanctions and price caps

Venezuela crisis unlikely to hit India oil prices in near term: Crisil

On January 3, the US launched a large-scale operation in Venezuela's capital Caracas and captured President Nicolás Maduro and his wife Cilia Flores

Exporters worried as Trump announces 25% tariffs on Iran's trade partners

The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters

Iran crisis hurting India's basmati exports, affecting mandi prices: Group

Civil unrest in 'pillar market' has disrupted payment cycles, delayed shipments and dented buyer confidence

Palm oil imports drop to 8-month low as refiners shift to rival oils: SEA

Lower palm oil imports by India, the world's largest buyer of vegetable oils, could lift inventories in top producers Indonesia and Malaysia

India-EU FTA negotiations near end: How the deal could boost exports

If finalised, this will be the 19th trade deal for India. The FTA is expected to help boost the country's exports to the 27-nation bloc

Electronics exports hit ₹4 trillion in 2025, set to rise further: Vaishnaw

According to official estimates, electronic production reached around ₹11.3 crore and exports were to the tune of ₹3.3 trillion in 2024-25

US plans extra 25% tariff over Iran trade: What it means for India

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

China, India cut coal power generation for 1st time in over 50 yrs: Report

China's coal-fired generation fell 1.6% last year while India's declined 3%, according to Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air writing for Carbon Brief

Vaishnaw participates in critical minerals ministerial meeting hosted by US

Bessent convened a meeting of Finance Ministers at the United States Treasury to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements

Vitol, Trafigura offer Venezuelan oil to India, China for March delivery

The trading firms are ​scrambling to secure ships, moving swiftly to sell the Venezuelan oil, with Trafigura's CEO saying it will load its first cargo for the US this week