Prøve GULL - Gratis

Trump's oil claim roils India

Financial Express Mumbai

|

October 17, 2025

No telecon between the two leaders: MEA

- ARUNIMA BHARADWAJ

HOURS AFTER US President Donald Trump said that Prime Minister Narendra Modi has agreed to halt India’s imports of Russian oil in an attempt to reach a final resolution in the ongoing trade talks between the two nations, the ministry of external affairs (MEA) clarified that there has been no telephone conversation between the two leaders as claimed.

The MEA, however, said on Thursday that discussions are on to deepen bilateral energy ties with the US.

Russia has emerged as the top supplier of crude oil to India after its invasion of Ukraine on the back of the heavy discounts it offered on its Urals.

Briefing reporters at the White House, Trump had appreciated that India could not stop the purchases of Russian oil “immediately”, adding that “it’s a little bit of a process, but the process is going to be over with soon”.

“I was not happy that India was buying oil, and he (Modi) assured me today (Wednesday) that they will not be buying oil from Russia,” he said.

“That’s a big step. Now, I’ve got to get China to do the same thing,” he added.

FLERE HISTORIER FRA Financial Express Mumbai

Financial Express Mumbai

Bol profit up 7.6%; provisions fall, asset quality improves

BANK OFINDIA (BoI) on Friday reported a 7.6% rise in its net profit to ₹2,554 crore for the September quarter, aided by a sharp fall in provisions and an improvement in the asset quality.

time to read

1 min

October 18, 2025

Financial Express Mumbai

Office leasing in top 7 cities rises 28% during Jan-Sept: JLL

NET LEASING OF office space increased 28% to nearly 40 million sq ft during the January-September period across top seven cities on better demand, according to JLL India.

time to read

1 min

October 18, 2025

Financial Express Mumbai

Unlike previous govts, we do reforms with conviction: PM

PRIME MINISTER NARENDRA Modi on Friday asserted that while earlier governments carried out reforms as compulsion his dispensation does it with conviction and has turned every risk into reform.

time to read

1 mins

October 18, 2025

Financial Express Mumbai

Trump says 100% tariffs on China not sustainable

US PRESIDENT Donald Trump said his proposed 100% tariff on goods from China would not be sustainable but blamed China for the latest impasse in trade talks that began with Beijing tightening control over its rare earth exports.

time to read

1 min

October 18, 2025

Financial Express Mumbai

Belgian court clears Choksi's extradition

A COURT IN Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know said.

time to read

1 min

October 18, 2025

Financial Express Mumbai

Take a loan against your FD to clear your credit card dues

YOUR QUERIES: LOANS

time to read

2 mins

October 18, 2025

Financial Express Mumbai

Advance pricing pacts hit new high of 174 in FY25

THE CENTRAL BOARD of Direct Taxes (CBDT) has signed 174 Advance Pricing Agreements (APAs) during 2024-25, the highest in any year, indicating the progress in ease of doing business by providing certainty to multinationals regarding transfer pricing.

time to read

1 mins

October 18, 2025

Financial Express Mumbai

SBI, Nabard raise over ₹14,000 cr via bonds

STATE BANK OF India on Friday raised ₹7,500 crore through tier 2 bonds maturing in 10 years.

time to read

1 min

October 18, 2025

Financial Express Mumbai

Logistics cost to drop to single digit by year-end, says Gadkari

UNION ROAD TRANSPORT and Highways Minister Nitin Gadkari on Friday said that India's logistics cost is set to fall to single digits by December 2025, calling it a milestone in the country's drive for global competitiveness.

time to read

1 min

October 18, 2025

Financial Express Mumbai

Fire crackers’ use in Delhi-NCR may rise 40% this Diwali

THE SUPREME COURT order, allowing the sale and bursting of green crackers in Delhi-NCR region, may increase the number of families bursting fire crackers by 40% as compared to the last year, raising fears that 'regular fireworks' could also make a comeback, a LocalCircles study said.

time to read

1 min

October 18, 2025

Listen

Translate

Share

-
+

Change font size