कोशिश गोल्ड - मुक्त

India casts doubt after Trump claims its Russia oil buy to end

Business Standard

|

October 17, 2025

India ‘broad-basing and diversifying’ its sourcing of energy, says MEA

- BS REPORTERS

The Ministry of External Affairs (MEA) on Thursday said it was unaware of any new conversation between US President Donald Trump and Prime Minister Narendra Modi, hours after Trump claimed he spoke with the Indian leader, who pledged to halt Russian oil purchases.

It noted that the last phone call between the two took place on October 9.

“To the best of our knowledge, lam not aware of any conversation between PM Modi and President Trump yesterday,” Randhir Jaiswal, spokesperson for the MEA, told reporters at a briefing in New Delhi. The ministry emphasised that India is “broad-basing and diversifying” its sourcing of energy to meet market conditions. It noted that New Delhi's discussions with the Trump administration to deepen energy cooperation are “ongoing,” and that India is also sourcing oil from Brazil, whose Vice President Geraldo Alckmin is visiting India.

The MEA’s statement followed comments made by Trump at a White House event on Wednesday. “Modi is a great man. He assured me today they will not be buying oil from Russia. Maybe that’s a breaking story. It has started. You can’t do it immediately, there is a little bit of process but the process is going to be over soon,” claimed the US president.

Business Standard से और कहानियाँ

Business Standard

Business Standard

Dubai's kids entertainment brand to debut in India in '26

Kids' luxury entertainment space, Boo Boo Laand, which is present in Dubai Mall, is expected to enter India by 2026, with its first launch in Mumbai's Jio World Plaza, a luxury shopping mall.

time to read

1 min

November 03, 2025

Business Standard

Business Standard

Even for Mamdani supporters, his thin résumé is a cause for concern

AS MIDTERMS IN THE US NEAR ...

time to read

2 mins

November 03, 2025

Business Standard

Gems & jewellery shipments to US hardest hit in Sep

Exports of gems and jewellery to the United States (US) were hit the hardest in September, following the full impact of the 50 per cent tariff that took effect during the month.

time to read

2 mins

November 03, 2025

Business Standard

Business Standard

Deep-tech investors aim for synergies

As India bets on deep tech, investors are seeing collective intelligence — not competition — as the smartest strategy

time to read

4 mins

November 03, 2025

Business Standard

Business Standard

Carmakers split over relief to flex-fuel, strong hybrids

Both technologies, if combined, may narrow EVs’ emission edge

time to read

4 mins

November 03, 2025

Business Standard

Business Standard

Lamborghini family's next Italian export: Luxury homes in India

In what could mark a new era in India’s branded residences landscape, an Italian touch may soon grace the country’s skylines, with the iconic Lamborghini family set to announce its first project.

time to read

2 mins

November 03, 2025

Business Standard

Business Standard

Isro scripts history with launch of heaviest communications satellite

Marking yet another milestone in the space sector, the Indian Space Research Organisation (Isro) on Sunday launched CMS-03, the heaviest communication satellite launched so far from Indian soil.

time to read

2 mins

November 03, 2025

Business Standard

Business Standard

A new wave of reforms set to sweep banking

At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business

time to read

5 mins

November 03, 2025

Business Standard

Business Standard

Regulators have an issue to solve: Dynamic pricing's cost

DYNAMIC PRICING RAISES ETHICAL QUESTIONS ABOUT NECESSITY, EQUITY AND TRANSPARENCY. INDIA MUST URGENTLY TACKLE THIS DELICATE FINANCIAL ISSUE IMPACTING MILLIONS

time to read

2 mins

November 03, 2025

Business Standard

India watches as Trump engages with East Asian leaders

Last week, our government took some measures to facilitate trade for importers and exporters.

time to read

2 mins

November 03, 2025

Listen

Translate

Share

-
+

Change font size