US lawmaker hails Treasury settlement with Adani Enterprises

IANS | May 19, 2026 9:25 AM

Washington, May 19 (IANS) Republican Congressman Lance Gooden has welcomed the $275 million settlement between the US Treasury Department and Adani Enterprises Limited, calling it a “very positive step” for the India-US ties and accusing the previous Joe Biden administration of pursuing a politically motivated case against the Indian conglomerate.

RBI imposes restrictions on Etawah-based Nagar Sahakari Bank Ltd

IANS | May 18, 2026 10:04 PM

New Delhi, May 18 (IANS) The Reserve Bank of India (RBI) on Monday issued certain directions to Etawah-based Nagar Sahakari Bank Ltd, saying that the bank will not grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits without prior approval of RBI in writing.

India to keep buying Russian oil despite US waiver expiry

IANS | May 18, 2026 9:09 PM

New Delhi, May 18 (IANS) India has been buying Russian oil regardless of US sanctions or waivers and will continue to do so based on commercial viability and the country’s energy security needs, a senior Petroleum Ministry official said on Monday.

US Treasury reaches settlement with Adani Enterprises

IANS | May 18, 2026 9:00 PM

New Delhi, May 18 (IANS) The US Treasury Department's Office of Foreign Assets Control (OFAC) on Monday announced that it has reached a $275 million settlement with India’s Adani Enterprises Limited (AEL) over the "apparent violations" of sanctions on Iran in the company’s purchase of LPG.