Siemens energy plans Russia exit by 3rd qtr of 2022
Moscow: Siemens Energy AG said Monday it began winding down its business in Russia in the third quarter of 2022 and expected to leave the local market in this fiscal year.
Cheap Russian crude likely to pose tough competition to Saudi Arabia in India
New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.
India in better position than most other countries: Sanjiv Goenka on economic situation
Kolkata/IBNS: Founder and Chairperson of RPSG Group Sanjiv Goenka said India is in a better place than most nations during the current conflict between Russia and Ukraine.
While the European Union (EU) continues to be the biggest consumer of Russian fossil fuels amid the Ukraine war, India upped its imports of Russian crude from 1 percent before the conflict began to 18 percent in May, media reported.
India inks contract with Russia to attain supply of radio equipments for 24 airports
New Delhi/UNI: Russia’s Scientific and Production Corporation 'Radio Technical Systems' (NPO “RTS”) signed a large-scale contract with the Airports Authority of India (AAI) for the supply of radio equipment.
Is Turkey's Rubella virus claim to reject Indian wheat a ploy to control global wheat supply?
Turkey's attempt to malign India's reputation as a wheat supplier fell flat after Israel purchased a 55,000-ton consignment it rejected citing phytosanitary concerns. The grounds for rejection were not only false but apparently cropped from Turkey's covert motive to take control of global wheat supplies amid a soaring demand and a protracted Ukraine-Russia war, according to experts.
Ukraine War: Starbucks announces permanent exit from Russia after 15 yrs
Starbucks has announced its exit from Russia two months after it stopped doing business in the country in the wake of Russia's invasion of Ukraine.
Tata Steel to stop doing business with Russia
Tata Steel is going to stop doing business with Russia, the company said Wednesday, becoming the latest company to sever business ties with Russia after it attacked Ukraine, Reuters reported.
Russia increases export quota of fertilizer producers, India to benefit
Russia has increased the export quotas for Russian producers of mineral fertilizer by almost 700,000 tons and that of nitrogen fertilizers was increased by 231000 tons, media reports said.
Ukraine crisis: Infosys to move business out of Russia
Bengaluru/IBNS: Infosys Ltd on Wednesday informed that the company is moving its business out of Russia and is looking for alternate options against the backdrop of the ongoing Ukraine conflict.
US blocks Russia's access to dollars, increasing risk of default: Report
The United States has started blocking Russia from making debt payments using dollars held in U.S. banks, media reports said.
Hit by global sanctions, Russia offers deep discounts to India on oil purchases: Report
New Delhi: Russia is offering India deep discounts on the direct sale of oil as most of its importers have backed out amid sweeping Western sanctions, including its exclusion from the cross-border payment system SWIFT, following the invasion of Ukraine, Bloomberg reported citing sources.
Russia insists on getting paid in roubles
Moscow/UNI: Russia has warned European countries that they need to pay for gas in roubles or the supplies would be cut off.
New Delhi: The US and Australia have called out India for considering Moscow's proposal for rupee-ruble-denominated payments using its own mechanism that would sidestep sanctions, including Russia's exclusion from global money transfer network SWIFT, imposed by America and its allies.
India becomes the fifth most valued stock market
Mumbai: India is now the fifth most valued stock market ahead of the United Kingdom, Canada and Saudi Arabia.