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Russia: After talks with External Affairs Minister S. Jaishankar on Friday, visiting Russian Foreign Minister Sergey Lavrov said that Russia and India are looking into measures to “bypass” sanctions imposed by the US, European Union, … Read more
The International Monetary Fund (IMF) said Wednesday that India, which has attracted a record number of foreign direct investments in recent years despite the COVID-19 problem, has a variety of protections in place to limit … Read more
Moscow: After G7 ministers declared the agreement “unacceptable,” Russia reiterated Tuesday that it will only accept ruble payments for gas deliveries to the EU. “Nobody is going to give you petrol for free. This is … Read more
Reliance Retail Ventures Ltd (RRVL) stated on Sunday that it has purchased an 89 percent equity position in Purple Panda Fashions Private Ltd, which owns and manages Clovia, for 950 crores via a combination of … Read more
India defended its right to continue purchasing Russian energy on Friday after the US urged the country to halt purchases of Russian oil and gas. According to an informed source, India’s energy sector is highly … Read more
Indian banks may face headwinds as a result of the Russia-Ukraine crisis, which could result in higher inflation and increased stress for borrowers, S&P Global credit analyst Deepali Seth Chhabria said on Wednesday, adding that … Read more
Moody’s Investors Service reduced India’s growth forecast for the calendar year 2022 from 9.5 percent to 9.1 percent and slightly reduced its growth expectations for 2023 from 5.5 percent to 5.4 percent, citing the global … Read more
The White House has stated that India taking up Russia’s offer of discounted crude oil would not be a violation of American sanctions. “Our message to any country remains the same: comply with the sanctions … Read more
The Reserve Bank of India (RBI) has eased the limits placed on HDFC Bank as part of its Digital 2.0 initiative business-generating operations. Following several breakdowns caused by technical issues in the previous two years, … Read more
The Reserve Bank of India (RBI) on Friday directed Paytm Payments Bank to stop onboarding new customers with immediate effect and conduct a comprehensive audit of its IT system, citing “material supervisory concerns.” Shares of … Read more