Refiners say high freight costs, longer voyages and limited supplies of medium sour crude make US barrels less attractive than West Asian and Russian alternatives
Commerce and Industry Minister Piyush Goyal on Wednesday said India-US relations are "very good" and will only improve irrespective of changes in political thinking in the two countries. Goyal said that the bilateral relationship goes beyond trade and encompasses defence, technology, critical minerals and people-to-people ties. "Of course, it is already very good. I don't see any problem as we speak also. And to my mind, the relationship with the US that India enjoys is very substantive, very consequential for the world, being two large democracies," he said at the Bloomberg New Economy event here. He was responding to a question on whether India-US relations would improve after US president Donald Trump leaves office. "One must bear in mind that we have, it's not only about trade, which of course they are our largest trading partner and I think will continue to be in the years to come. And by and large, I don't see any problem in any agreements also with the United States," the ..
This will be Marco Rubio's second visit to India since May, when he attended the Quad Foreign Ministers' meeting hosted by External Affairs Minister S Jaishankar in New Delhi
India and America are expanding cooperation across sectors, including defence, IT and healthcare, with investments and joint initiatives creating significant opportunities for both countries, US Ambassador to India Sergio Gor said on Monday. Speaking at a programme here to mark 250 years of America's Independence, Gor highlighted the growing partnership between the two countries, citing recent military exercises, defence cooperation and investments by US and Indian companies. "India and the US have a great relationship, there's so much happening; pick any sector and we're working together in it," he said. Pointing to recent developments in defence cooperation, Gor said the two countries conducted military exercises involving more than 500 troops during Exercise Tarang Shakti at the Jodhpur Air Force Station in Rajasthan. On technology and investment, the envoy said companies from both countries were making significant progress, with investments flowing in both directions and some .
Defence Secretary Rajesh Kumar Singh met US Pacific Command chief Admiral Samuel Paparo in New Delhi as the two sides discussed defence cooperation, regional security and strategic issues
A trade agreement between India and the US, if concluded, would contribute to "better" bilateral ties, External Affairs Minister S Jaishankar said, noting that expectations of rapid progress in negotiations had been "tested" against a much more complex ground reality. Jaishankar addressed prominent members of the Indian-American and diaspora community as well as policy experts on Monday at a special conversation hosted by the Asia Society, as the high-level week of the 81st session of the UN General Assembly concluded in New York. During a conversation moderated by former American diplomat and distinguished fellow at the Asia Society Policy Institute Daniel Russel, Jaishankar was asked about India-US relations, particularly developments related to trade and tariffs over the past year, and what would have to happen to put the bilateral relationship on a "better track". "Well, I think if I stand back and look at the relationship,... I note that much of the world has had a more difficu
India's policy calendar this week will track industrial output, manufacturing activity and fresh forex reserves data
The Consulate General of India in New York, in collaboration with ReNew and the US-India Strategic and Partnership Forum (USISPF), hosted a roundtable on 'US India PartnershipIn a post on X, the Consulate said that the discussion brought together more than 40 participants from industry, academia, investment, government and civil society, and focused on strengthening cooperation in artificial intelligence, energy and digital infrastructure.Secretary, Ministry of New and Renewable Energy Santosh Kumar Sarangi, USISPF President and CEO Mukesh Aghi, World Bank Executive Director Neelkanth Mishra, ReNew Chairman and CEO Sumant Sinha and ReNew Co-founder Vaishali Nigam Sinha participated in the round table.The discussion focused on "Scaling data center and AI infrastructure investment across the US-India corridor", "Ensuring reliable, resilient power supply and grid readiness to meet AI-driven demand growth", "Mobilizing public, private, and blended capital for cross-border energy and ...
The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100 per cent tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran. The Lindsey O Graham Sanctioning Russia and Iran Act of 2026 cleared a procedural hurdle in the House of Representatives on Tuesday evening after two Democratic lawmakers broke ranks with the party and voted in favour with the Republicans. The resolution to advance the Russia sanctions bill and a slew of other legislations was approved by a 214-211 vote, shocking the House Democratic leadership. The bill is expected to come up for a final vote in the House on Wednesday. Democratic Congressman Gregory Meeks, the ranking member of the House Foreign Affairs Committee, on Monday opposed the Russia sanctions bill contending that it would grant President Trump unchecked authority to impose tariffs without any guardrails. Last month, the US Senate passed the
India has joined the US and 24 other countries in an initiative focused on developing secure, competitive and innovative 6G networks
US Ambassador to India Sergio Gor on Monday said that the United States and India were moving beyond cooperation in the space sector towards "co-creation", with the two countries jointly designing instruments, funding startups and co-authoring the future of human discovery. He was speaking at the inaugural ceremony of the ninth edition of the Bengaluru Space Expo (BSX), being organised by the Confederation of Indian Industry (CII) in partnership with ISRO, IN-SPACe and NewSpace India Limited (NSIL), from September 7 to 9 at the Bangalore International Exhibition Centre (BIEC). Referring to the ninth US-India Civil Space Joint Working Group recently held in Bengaluru, the US Ambassador said that those discussions affirmed that our partnership is no longer just about cooperation; it is about co-creation. "We are no longer just sharing data; we are co-designing instruments, co-funding startups, and co-authoring the future of human discovery," he said. Reflecting on the US-India ...
A medium-range, man-portable, shoulder-launched missile, the Javelin is designed to engage tanks, other armoured systems and bunkers
India has sealed a deal with the US to procure Javelin anti-tank guided missile systems to bolster the Indian Army's combat prowess. US Ambassador Sergio Gor said the agreement reflects a bilateral defence partnership that is growing "deeper, more capable, and more consequential." It is not immediately known the number of Javelin anti-tank guided missile systems India is procuring or the overall cost of the procurement. The United States welcomes the Indian Army's signing of a Letter of Offer and Acceptance (LOA) for the purchase of the Javelin anti-tank guided missile system through the US Foreign Military Sales process, an American readout said. It said the "milestone" reflects the enduring partnership between the US and Indian armed forces and opens the door for future collaboration between the US and Indian defence industries. "The Javelin agreement demonstrates the depth of US support for the Indian Army and creates new opportunities for our defence industries to work togethe
US Ambassador to India Sergio Gor and US Consul General Laura Williams convened a roundtable of top Indian industry leaders here to accelerate bilateral trade, secure high-tech supply chains, and expand US-India commercial ties. The dinner (event) on Monday, commemorating the 250th anniversary of US independence, brought together top executives across defence manufacturing, semiconductors, pharmaceuticals, and technology to convert strategic bilateral policy into real-world business investments across South India, a release from the US Consulate General, Hyderabad said. Ambassador Gor said the United States and India have been strategic allies for a long time. "Gatherings like this exemplify how far the US-India partnership has moved beyond mere strategic alignment. It is a concrete architecture of cooperation spanning defense, technology, life sciences, and space. That architecture is built on the foundation of longstanding business-to-business partnerships between our two countrie
Discussions on public appearances of leaders are standard protocol, government sources said on Monday following remarks by US envoy Sergio Gor that New Delhi told the American side before a meeting between President Donald Trump and Prime Minister Narendra Modi in France that it would not prefer a press interaction. Modi and Trump held talks in France's Evian-les-Bains on June 17 on the margins of the G7 summit. Gor, speaking at the Economic Times World Leaders Forum, said the Ministry of External Affairs (MEA) had conveyed to the US side that it would prefer no media interaction by the leaders after the meeting. The US envoy suggested that Trump had forgotten the request and ended up taking many questions as the media interaction lasted for almost 45 minutes after the meeting with Modi. The sources said it was normal to have discussions on arrangements before public appearances of leaders. "Discussions regarding arrangements for public appearances of leaders are normal practice a
US Ambassador Sergio Gor on Tuesday said India and the US must address friction points as true partners and work on predictable taxation and regulatory frameworks to allow business to thrive. Speaking at the Indo-American Chamber of Commerce here, Gor stressed the need for candid, trust-based engagements on export controls and rock-solid intellectual property protections to give innovators confidence to invest, create and scale without fear. The Indo-American Chamber of Commerce (IACC) held its national convention, themed "Redefining the IndiaUS Comprehensive Strategic Partnership." Gor said that the US embassy in India topped the list among US embassies worldwide in attracting over USD 20 billion in investment. When Indian companies invest in America, it is a win-win situation. They get access to one of the world's most dynamic markets, he said. "This relationship has unbelievable and incredible potential. To unleash the full power of the economic engine, we must address friction
The US Ambassador to India will deliver a special address at the IACC National Convention 2026 in Mumbai, with technology, investment, supply chains and economic cooperation on the agenda
The US and India are expanding defence and civil nuclear cooperation, including the adoption of trusted AI and other emerging technologies powering the economy, US Assistant Secretary of State S Paul Kapur said. Kapur made these remarks at a roundtable on India at the Hoover Institution, which saw the participation of former Secretary of State Condoleezza Rice and former US Ambassador to India David C Mulford. "Under this (Trump) Administration, US engagement with India is creating jobs at home and strengthening supply chains that are critical to both the United States and the region," Kapur said in a post on X on Monday. "We are expanding defence and civil nuclear cooperation, including the adoption of trusted AI and other emerging technologies powering the economy," the senior US official said. Last year, India and the US signed a framework for a major defence partnership to strengthen interoperability across all domains, including land, sea, air, space, and cyberspace. Since 20
The new tariff announcement on Friday comes as Washington's baseline tariff of 10 per cent for all trading partners expires
The United States has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of its efforts to combat the use of forced labour in the production of such items. Last month, when the US had proposed tariffs under Section 301 of the Trade Act, India was bracketed among countries attracting 12.5 per cent levies, but Washington took note of the amendment New Delhi made to its foreign trade policy prohibiting the import of goods produced using forced labour. "As a result of these actions, the Trade Representative has advised me that the goods of these economies should be tariffed at the 10 per cent rate to further encourage these economies to effectively enforce such prohibitions," US President Donald Trump said in a memorandum on the issue on Thursday. US Trade Representative Jamieson Greer announced the new tariffs on 60 countries under Section 301 of the Trade Act on Thursday, a day before the expiration of 10 per cent additional levies on all ...