Page 21 - India-russia Ties

US-India in talks to reduce country's dependence on Russian arms, energy

Russia is "no longer a reliable weapons supplier", and Indians are "coming to understand" that they could benefit from finding other suppliers, an official of the US State Department said

After Russian flows dry up, India pays up to double price for gas

GAIL India Ltd. bought several LNG cargoes for delivery between October and November at more than double the price it paid around this time last year.

Banks seek clarity on 'grey areas' from RBI on Rupee Vostro accounts

India has stepped up its purchase of cheaper Russian crude despite international opposition and sanctions. New Delhi is looking to settle this trade in rupees to continue with its purchases

France respects India keeping Russia ties, says foreign minister

India has not condemned Russia's February invasion of Ukraine, instead calling for negotiations and peace

Putin, PM Modi to discuss Russia-India cooperation in UN, G20: Kremlin

Russian President Vladimir Putin and Prime Minister Narendra Modi will meet on the sidelines of the SCO Summit in Uzbekistan this week and discuss issues of strategic stability, the situation in the Asia Pacific region and bilateral cooperation within the UN and G20, the Kremlin has announced. Putin and Modi will attend the 22nd meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in the Uzbek city of Samarkand on September 15-16. "A conversation on the international agenda with Modi will also take place, the sides will discuss issues of strategic stability, the situation in the Asia Pacific Region, and, of course, cooperation within major multilateral formats, such as the UN, the G20 and the SCO," the official Russian news agency TASS quoted Presidential Aide Yuri Ushakov as saying. "This is particularly important, because India will preside in the UN Security Council in December, and, in 2023, India will lead the SCO and will also chair the G20,"

Top headlines:Adani to build 3 giga factories; FM says inflation manageable

Business Standard brings to you top headlines for the evening

In meeting on Russia's Far East, India to focus on expanding oil footprint

PM Modi to address by video four-day meeting of Eastern Economic Forum in Vladivostok

India's oil imports from Russia fall in last two months, down 25% from June

In August, India imported 7,38,024 barrels per day from Russia, 18 per cent lower than in July

How the Indian military can be weaned off its dependence on Russian weapons

Shifting toward buying more Western weapons systems and lessening its dependence on Russia, for instance, would bolster India's autonomy

Amid sanctions from the West, INSTC raises Russian trade volume with India

INSTC is a 7,200 km transportation network ratified by 13 countries, viz, Azerbaijan, Belarus, Bulgaria, Armenia, India, Iran, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, Turkey, and Ukraine

Russia wants payment messaging system to align, but Indian banks wary

If the messaging platforms of India and Russia are connected, it might help in improving the payments settlement mechanism and provide Russia with a cover from further sanctions

Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May

Russia becomes India's third-largest coal supplier in July, shows data

India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia invaded Ukraine

More oil middlemen muscle in to supply India with cheap Russian crude

Companies include Wellbred and Montfort have been marketing Russian oil to Indian buyers, joining the likes of Coral Energy and Everest Energy

Russia seeking payments for oil exports from India in dirhams: Report

Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed

Explained: INSTC, the transport route that has Russia and India's backing

INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India

India-Russia trade will continue despite Western sanctions: Envoy

Russia's envoy Denis Alipov underlined the strength of bilateral ties with India, saying the positive dynamics of trade between the two countries will continue despite sanctions against Moscow

Russia signs pact for supplying tech for Kudankulam nuclear power plant

LUCH Scientific Production Association, which is a part of Science and Innovations, the R&D unit of Rosatom will provide the new sensors designed for thermal control of NPP process equipment

Russia may be India's biggest crude supplier in June, a historic first

Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude

Top Headlines: India Inc on GST issues, RBI's credit line norms & more

In the light of RBI not permitting the loading of PPIs from credit lines, card-based fintech players may have to stop their offers until the central bank clears the air on some issues