In a statement Indian Foreign Secretary Harsh Vardhan Shringla said, New Delhi and Moscow have signed 28 investment pacts including deals on shipbuilding, steel, energy and coal. Putin’s visit to India comes at a time when Russia has just commenced… Read More ›
India
Global airlines prepare to deal with Omicron fallout
Global airlines are bracing for a fresh round of volatility following the emergence of yet another COVID-19 variant Omicron which is likely to force them to adjust schedules and destinations at short notice and once again force them to rely… Read More ›
Existing COVID-19 vaccines are unlikely to be effective against Omicron COVID-19 variant: Moderna’s CEO Stéphane Bancel
In a significant development, Moderna’s CEO Stéphane Bancel said, it is unlikely that existing COVID-19 vaccines will be effective against the Omicron COVID-19 variant. With Bancel’s comments reaching the market, crude oil futures shed more than a dollar, the Nikkei gave… Read More ›
US to auction 32M of sour crude from 4 Strategic Petroleum Reserves sites
In a statement, the US Department of Energy said, the United States has launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites which will be delivered between late-December and April 2022. Washington’s sale… Read More ›
India-US agree to expand trade ties on agricultural products
In a significant development, India and the United States agreed to expand trade on some agricultural products, including US distiller dried grains, cherries, alfalfa as well as Indian mangoes, grapes, shrimp and water buffalo meat. In a joint statement following… Read More ›
Russia starts delivery of S-400 air missile system to India
In a statement the head of Russia’s military cooperation agency said, Moscow has commenced delivery of the S-400 air defence missile systems to India, non-withstanding threat of US sanctions. The commencement of deliveries of Russian weapons to India places New… Read More ›
Indian startup Nykaa’s blockbuster stock market debut values it at $13 billion
Shares of Nykaa, India’s cosmetics-to-fashion platform, made a blockbuster debut valuing the company at close to $13 billion. With the news reaching the market, shares of FSN E-Commerce Ventures, the profit-making parent company that owns the Nykaa brand, soared by… Read More ›
Countries plan to build more cheap dirty climate change causing coal plants
While the pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference in Glasgow, big users of coal, the dirtiest of fuels, shunned the move. The COP26 summit aims to find ways to… Read More ›
Indian fintech giant Paytm gets regulatory approval for market listing: sources
According to a source familiar with the matter at hand, Indian fintech giant Paytm has received regulatory approval from India’s capital markets regulator for its $2.2 billion stock market listing in what is slated to be India’s biggest ever IPO…. Read More ›
British Foreign Minister to strengthen defense trade, tech and security with India
In a statement on Saturday, Britain’s Foreign Minister Liz Truss said, London is making stronger security and defence partnerships with India. Her statement comes at a time when she is on an official visit to the country. According to a… Read More ›