Indian Oil Corporation steps up purchases of US oil

IANS | August 15, 2025 4:24 PM

New Delhi, Aug 15 (IANS) India has increased purchases of oil from the US, with Indian Oil Corporation, the country’s largest oil company, placing orders of around 2 million barrels of oil in August for October delivery.

Chinese smugglers wreak havoc in Sri Lanka’s gem industry

IANS | August 15, 2025 4:23 PM

New Delhi, Aug 15 (IANS) Chinese involvement in Sri Lanka’s gemstone industry is causing significant revenue losses to the island nation's crisis-ridden economy and impacting local businesses, according to an article in The Financial Post.

Upcoming GST reforms a huge impetus to industry: Experts

IANS | August 15, 2025 4:12 PM

New Delhi, Aug 15 (IANS) Industry experts on Friday lauded Prime Minister Narendra Modi's Independence Day announcements on bringing next-generation reforms in Goods and Services Tax (GST) regime which would be unveiled by Diwali.

India Inc. hails PM Modi’s call to empower youth, bolster MSMEs

IANS | August 15, 2025 2:47 PM

New Delhi, Aug 15 (IANS) The country’s apex business chamber, the Confederation of Indian industry (CII), on Friday hailed Prime Minister Narendra Modi’s Independence Day call for empowering India’s youth, strengthening MSMEs and accelerating the 'Atmanirbhar Bharat' mission.

Trump has slapped higher tariffs despite India buying more oil, gas from US

IANS | August 15, 2025 1:50 PM

New Delhi, Aug 15 (IANS) While US President Donald Trump has slapped a 50 per cent tariff on Indian exports, he appears to have quite overlooked the fact that India has also sharply increased its purchases of oil and gas from America. This, in turn, has led to a reduction in India’s trade surplus with the US, which is a major aim of the Trump administration’s trade policy.

S&P Rating's growth projection for India is no surprise: SBI Research

IANS | August 15, 2025 1:14 PM

New Delhi, Aug 15 (IANS) The rating of India did not capture the country’s fundamentals for almost a decade, and the current rating action by S&P reaffirms the position that India's rating ought to have been on the higher side, which is no surprise, according to a report by SBI Research.