India says to push ahead with Russian oil imports
The Hindu
India reaffirms commitment to Russian oil imports amidst rising global prices and geopolitical tensions in the Gulf region.
India said on Saturday (March 7, 2026) it was pushing ahead with imports of Russian oil, after a temporary U.S. waiver to import crude from Moscow due war in West Asia — but adding it did not need Washington’s permission.
The U.S.-Israel campaign against Iran and Tehran’s retaliatory attacks across the Gulf region have upended the world’s energy and transport sectors, causing a surge in global oil prices.
Israel-Iran war LIVE updates
Washington temporarily eased economic sanctions against Russia on Thursday (March 5) to allow Russian oil stranded at sea to be sold to India.
But the government’s Press Information Bureau said in a statement that New Delhi was not dependent on “a short-term waiver” for such purchases.
“India has never depended on permission from any country to buy Russian oil,” the statement said.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters
Learn how to choose the best personal loan lender by evaluating eligibility, interest rates, and borrowing experience.
Discover why pension planning is essential in modern India to ensure financial security and peace during retirement.
The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
NHAI raises annual pass fee to ₹3,075 from April 1, 2026, streamlining toll payments for FASTag users.
The U.S. probes forced labour in global supply chains, scrutinizing China and India's exports, warns the Global Trade Research Initiative.
The Hindu collection of images of the LPG crisis: War lights a kitchen fire