Shipping data shows that Indian diesel exports to West Africa have reached a record high, driven by the European Union’s new restrictions on fuel refined from Russian crude oil. At the same time, Turkey’s diesel exports to the EU have slowed, reshaping intercontinental oil flows and forcing refiners to seek new markets. The European Union …
India and the European Union reached a long-awaited trade deal that will cut tariffs on many goods, aiming to boost bilateral trade and reduce reliance on the United States amid rising global trade tensions. The agreement is expected to double EU exports to India by 2032 by eliminating or reducing tariffs on 96.6% of traded …
The Indian government has capped Vodafone Idea’s adjusted gross revenue (AGR) dues at $13.79 million per year for the next six years. The move aims to ease cash flow pressure on the debt-saddled telecom operator. The decision offers near-term relief to India’s third-largest carrier, which has struggled with heavy debt and declining market share. Following …
U.S. President Donald Trump has warned that India will continue to face “massive” tariffs if it does not halt imports of Russian oil, reigniting trade tensions between Washington and New Delhi. Speaking to reporters aboard Air Force One on Sunday, Trump claimed that Indian Prime Minister Narendra Modi had assured him that India would stop …
Indian quick-commerce platform Zepto announced on Thursday that it has raised $450 million, pushing its valuation to $7 billion. Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto specializes in ultra-fast grocery delivery, promising delivery times as short as 10 minutes. The company operates over 250 “dark stores” across major Indian cities, enabling quick …
The Nigerians in Diaspora Commission (NiDCOM) has raised serious concerns over disturbing allegations of rape, assault and forced drugging of Nigerian girls reportedly held in deportation camps in New Delhi, India. In a statement issued on Tuesday by Abdur-Rahman Balogun, NiDCOM’s Director of Media, Public Relations and Protocols, the Commission described the reports as “heartbreaking …
By Esther Ososanya French President Emmanuel Macron said on Thursday that he held talks with Indian Prime Minister Narendra Modi, with both leaders coordinating their positions on the war in Ukraine. Macron noted that beyond Ukraine, discussions touched on strengthening economic exchanges and expanding strategic partnerships between France and India. READ ALSO:Russia’s War in Ukraine …
By Esther Ososanya U.S. President Donald Trump has granted Mexico a crucial 90-day reprieve from sweeping new tariffs, offering a temporary lifeline for one of America’s biggest trading partners while ramping up pressure on other countries to strike last-minute deals ahead of a new trade deadline. The extension announced after a Thursday morning call between …
By Esther Ososanya U.S. President Donald Trump on Wednesday imposed a 25% tariff on all goods imported from India, effective August 1, citing the country’s “unfair trade barriers” and continued defence and energy ties with Russia. The announcement was made via a post on Trump’s Truth Social account, where he also warned of an additional, …
