Sanctions risk: Indian firm defends explosive shipment to Russia; says material for civilian use only

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with Indian rules and that the shipment was strictly for civilian industrial purposes, not military use.According to news agency Reuters, Ideal Detonators Private Limited confirmed that…

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FTA momentum: Piyush Goyal confirms Oman deal ‘almost finalised’; talks with EU, US & others also moving fast

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush Goyal confirmed on Saturday. He also noted that negotiations with the European Union, United States, Peru, and Chile are progressing rapidly and making ‘fast progress’….

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Capex push: Nirmala Sitharaman calls it ‘primary driver of sustained growth’; says ‘we have to have capital expenditure grow’

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…

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India-US trade deal: Piyush Goyal shares important update; says negotiations ‘making fast progress’

File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on Saturday said that discussions with the United States on the proposed bilateral trade agreement are progressing swiftly.Addressing the media, Goyal said that negotiations with Washington are “making fast progress”, as per news agency PTI. India-U.S. Trade Deal:…

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EU sanctions on Russia oil: Indian arm of UAE-based shipping company takes a hit; Indian-origin captain of crude oil tanker faces sanctions

The scope of these sanctions is limited to EU territories, citizens, and organisations. India on its part continues to reject unilateral sanctions imposed by other nations. (AI image) EU’s sanctions on Russia oil have hit an Indian branch of a UAE-based firm. Intershipping Services Hub Private Ltd, an Indian subsidiary of a UAE-based company, has…

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