Tag: India

Iran will allow Indian-flagged tankers ​to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation’s crude imports, an Indian government source said ‌on Thursday, but an Iranian source outside the country denied any such deal was reached.

India’s economy grew at a faster pace than expected of 7.8% in the quarter ending December.

Στρατηγική επιλογή υψηλής πολιτικής και γεωοικονομικής σημασίας συνιστά η συμμετοχή του πρωθυπουργού Κυριάκου Μητσοτάκη στο India AI Impact Summit 2026, που πραγματοποιείται στο Νέο Δελχί σήμερα 18 και αύριο 19 Φεβρουαρίου, υπογραμμίζουν κυβερνητικές πηγές.

India is discussing age-based restrictions with social media companies, Information Technology Minister Ashwini Vaishnaw said on Tuesday.

Discounts on Russian oil exports to China widened to new records this week as sellers cut prices to lure demand from the world’s top crude importer and offset the likely loss of India sales, traders said.

U.S. President Donald Trump’s move to slash tariffs on Indian imports sparked a relief rally across the Asian country’s markets on Tuesday, lifting sentiment among exporters and policymakers even as details of the agreement remained scant.

India and the European Union struck a long‑delayed deal on Tuesday that will slash tariffs on most goods, aiming to boost two‑way trade and reduce reliance on the United States amid growing global trade tensions.

India plans to slash tariffs on cars imported from the European Union to 40% from as high as 110%, sources said, in the biggest opening yet of the country’s vast market as the two sides close in on a free trade pact that could come as early as Tuesday.

 The European Union and India will explore possibilities for Indian participation in European defence initiatives, according to a draft security and defence partnership document seen by Reuters.

In a quarter partially affected by the 50% U.S. tariffs, the Indian economy grew faster than expected at an annual rate of 8.2% in the quarter ending in September.

U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.

Their families were frantically sending “all kinds of articles on the H-1B situation”, said Singh, an Indian biotech professional on work travel to the U.S., adding that the “anxiety was apparent.”

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

India’s economy grew at a faster than-expected annual rate of 7.8% in the quarter ended June, owing to a strong performance of the manufacturing, construction sector and service sectors.

Russian oil exports to India are set to rise in September, traders said, as producers cut prices to sell more crude because they cannot process as much in refineries that were damaged by Ukrainian drone attacks on energy infrastructure.

U.S. President Donald Trump’s doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, dealing a serious blow to ties between the two countries that became strategic partners after the turn of this century.

White House trade advisor Peter Navarro warned India about “cozying up” to Russia and China through oil purchases in an op-ed published Monday in the Financial Times.

Japan is unlikely to secure a trade deal with the U.S. and tariffs on its goods could soar after President Donald Trump called the nation “spoiled” and reiterated his July 9 deadline for negotiations.

India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said a government source with direct knowledge of the matter, to try and curb a surge in cheap imports from China and elsewhere.

India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs.