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Russia has transitioned almost entirely to conducting trade settlements with India and China in national currencies, effectively bypassing the US dollar, TASS reported.According to Deputy Prime Minister Alexander Novak, between 90 and 95 per cent of financial transactions with both countries are now executed in roubles, yuan, or rupees. The shift, he explained, was not a deliberate policy
Prime Minister Narendra Modi, addressing the 22nd ASEAN-India Summit virtually from New Delhi, declared that the 21st century belongs to India and the member nations of ASEAN.He described the Association of Southeast Asian Nations as a vital pillar of India’s Act East Policy and underlined the historic, cultural, and civilizational bonds that connect both sides. His remarks came during the summit
Prime Minister Narendra Modi reaffirmed India’s steadfast commitment to deepening ties with ASEAN nations during the 22nd ASEAN-India Summit, held virtually on Sunday from Kuala Lumpur. Addressing regional leaders, he underscored the importance of collective action on issues such as counter-terrorism, maritime security, trade facilitation, and sustainable development.In his opening remarks,
India’s private aerospace sector is gearing up for a landmark year, with three key players—SMPP Ltd., Aequs Ltd., and Unimech Aerospace—set to collectively raise around ₹5,700 crore through upcoming IPOs.This unprecedented drive for capital infusion marks a defining shift in the country’s aerospace manufacturing trajectory, reinforcing India’s ambition to position itself as a global supply chain
Top economic officials from the United States and China convened in Kuala Lumpur on Saturday to avert fresh escalation in their ongoing trade war.The talks, taking place on the sidelines of the ASEAN summit, are part of efforts to pave the way for a bilateral meeting between President Donald Trump and Chinese President Xi Jinping next week in South Korea.The meeting comes amid rising tensions
About 42 million people rely on SNAP benefits but now face reductions or losing access altogether.
India’s refiners are facing a sudden supply crisis following fresh US sanctions on Russia’s key crude exporters, Rosneft and Lukoil, which threaten to severely restrict oil flows to Asia’s third-largest economy.The move, aimed at tightening pressure on Moscow, could disrupt an estimated 3.1 million barrels per day of global crude trade, of which nearly one million barrels were flowing into
The International Monetary Fund (IMF) has projected India’s economy to grow at 6.6% in FY 2025-26, reaffirming its position as one of the fastest-growing emerging markets despite a subdued global outlook.The latest World Economic Outlook (WEO) report attributes this upgrade to India’s resilient first-quarter performance, which managed to offset the impact of increased US tariffs on Indian
Union Minister of Commerce and Industry Piyush Goyal met ABB Group CEO Morten Wierod in Berlin on Friday, showcasing India’s accelerating manufacturing growth and expanding industrial landscape.During the discussion, Goyal underlined how India’s progress in manufacturing, infrastructure, and clean energy opened up vast opportunities for global firms such as ABB to deepen partnerships through
Union Minister of Commerce and Industry, Piyush Goyal, met Bernard Mensah, President of International for Bank of America, on Friday to discuss expanding financial cooperation between India and the United States.The meeting reflected efforts to attract greater investment and enhance financial linkages between the two economies.In a post on X, the Minister noted that discussions revolved