Nayara Energy, India’s Russia-backed refinery, faces fresh US, EU sanctions trouble; EPC work hit – here’s what’s happening

Although Nayara Energy faces no direct sanctions, it is facing heat due to Russian state energy corporation Rosneft PJSC’s 49.13% ownership stake in the organisation. (AI image) Nayara Energy, India’s […]

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‘Massive duty evasion’: Chinese fashion jewellery imports surge 25%; undercut Indian makers by 50% by reportedly bypassing HSN code

NEW DELHI: Indian fashion jewellery makers are reeling under the surge of Chinese imports, which rose 25% year-on-year. Industry executives said importers are misdeclaring shipments and under-invoicing goods to evade […]

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India forex reserves climb to $695.1 billion: FX assets rise $1.48 billion in week ended August 15; gold holdings fall

NEW DELHI: India’s foreign exchange reserves rose by $1.48 billion to $ 695.10 billion in the week ended August 15, driven primarily by gains in foreign currency assets (FCA), according […]

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