BUSINESS
India Emerges as Ukraine’s Leading Diesel Supplier as US Imposes Tariffs on Russian Crude
It comes as the US accused India of indirectly supporting Russia's war effort against Ukraine by its buying of Russian crude.
India’s Air Travel Set to Soar 50% to 600 Million Passengers by FY30: Report
"This will create an exponential growth in aeronautical revenue, underpinned by both higher numbers of passengers and enhanced per-passenger expenditure," the report by Knight Frank added.
50% Tariffs On India As Trump Could Not Mediate India-Pakistan Conflict, claims Jefferies
The report said these abnormally high tariffs were a "consequence" of Trump's "personal pique" and that he had apparently hoped to intervene during the May skirmish between the two South Asian nuclear powers.
Indian economy registers spectacular growth in Q1, GDP grows by 7.8% exceeding RBI's estimate of 6.5%
Interestingly, China's Q1 growth this year was 5.2% and India's 7.8% growth has ensured that it will continue to be the fastest-growing major economy.
India’s Defense Tech Investment Skyrockets 61-Fold Over the Last Decade: Report
The 'India Military Tech Report 2025' by market intelligence platform Tracxn reported that defence technology startups have raised $192.4 million in 2025 alone, the highest year so far.
RBI Offloads $3.66 Billion in June Spot Market to Support Rupee Stability
The bulletin elaborated that the RBI had bought $1.16 billion and sold $4.83 billion in June. The bank had bought $1.76 billion in May compared to this.
India Increases Oil Imports From US, Reduces Trade Deficit: Report
The country's largest refiner, Indian Oil Corporation (IOC), has received 5 million barrels of U.S. West Texas Intermediate (WTI) crude under a tender for October and November delivery, industry sources said.
India-US Talks On, But 25% Penalty Waiver Crucial For Resumption Of Trade Deal Negotiations: Report
A US delegation was due to arrive in New Delhi on August 25 to continue negotiations. But the talks were "halted" after President Donald Trump raised India's Russian oil import as a main impediment. On August 6, Trump declared an additional 25 per cent tariff, over and above the current two-way duty of 25 per cent.
IndiGo Shares Fall Over 4% Following Promoter Stake Sale
The stock touched Rs 5,789 at 11:38 am, 4.31 percent, or Rs 261, below the previous closing price.
GST Reforms Could Cushion Tariff Effects, India Still Fastest-Growing Economy: Fitch Solutions’ BMI
The company further stated on Thursday that India would likely continue to be among Asia's fastest-growing emerging market economies in this decade.
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