Tag: russia ukraine war

PM Modi opens the meeting with ‘Bharat’ nameplate
Business

PM Modi opens the meeting with ‘Bharat’ nameplate

Prime Minister Narendra Modi opened the 18th G20 Leaders' Summit on Saturday with his opening remarks. During his address, the country's nameplate read "Bharat" instead of the traditional "India". The debate around the country's name erupted on social media earlier this week following the G20 Summit invitations going out in the name of the "President of Bharat" and not as the "President of India". The dinner invitation from President Droupadi Murmu to foreign leaders attending the G20 summit this weekend comes in the name of "President of Bharat". It triggered a war of words on social media, with BJP leaders clashing with the Opposition and several celebrities and sports personalities also wading into the row. According to media reports, the Centre may i...
Russian oil: Trade headaches for India as crude prices hit $60
Business

Russian oil: Trade headaches for India as crude prices hit $60

NEW DELHI: A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue.India and China have been the two dominant buyers of Russian crude since the invasion of Ukraine more than a year ago prompted others to shun the OPEC+ producer. As Urals climbs above the limit set by the Group of Seven, however, importers will face greater scrutiny on their purchases. Officials from three Indian refiners said they are preparing for tougher talks with local banks involved in the financing of their Russian oil cargoes, including a lot more requests for evidence verifying the purchase price. The officials spoke on condition of anonymity as they’re not authorized to comme...