Imports

Ahead Of US Sanctions, Reliance Industries Halts Iranian Oil Imports

India News | Reuters | Thursday October 18, 2018

Reliance Industries Ltd, owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of US sanctions against Tehran's oil sector, its joint chief financial officer said.

India, US Goal Is To Deny Iran Money To Destabilise Middle East: Official

India News | Press Trust of India | Wednesday October 17, 2018

The US and India have a goal of denying Iran the money it needs to destabilise the Middle East, a top American official said after his visit to New Delhi for talks over slashing India's Iranian oil imports ahead of the November 4 deadline.

Trade Deficit At Five-Month Low Of $13.98 Billion In September

Business | Agencies | Monday October 15, 2018

Exports for the month of September declined 2.15 per cent as compared to the same period last year, according to government data released on Monday.

India's Decision To Buy Iran Oil, Russian Missiles "Not Helpful", Says US

India News | Press Trust of India | Friday October 12, 2018

India's decision to continue buying oil from Iran after November 4 and purchase of the S-400 Triumf air defence system from Russia is "not helpful" and the US is reviewing it "very carefully", the State Department has said.

India to Raise Import Tariffs on Electronic and Communication Items

Reuters | Friday October 12, 2018

The Indian government listed several items that could be impacted including wearables like smartwatches, Voice over Internet Protocol equipment and phones, and Ethernet switches, among other items.

Phones, Smart Watches Set To Get Expensive As Centre Increases Duties

India News | Reuters | Friday October 12, 2018

The central government said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee.

Will "Take Care" Of Countries That Don't Stop Importing Iran Oil: Trump

World News | Press Trust of India | Thursday October 11, 2018

The US "will take care" of countries which defy its directive to stop importing oil from Iran by November 4, President Donald Trump has warned, days after India announced that two of its firms have placed orders to import crude from the Gulf natio.

Amid Trade War and Spying Claims, Apple CEO Turns on the Charm in China

Anna Fifield, The Washington Post | Thursday October 11, 2018

Apple accounted for about one-quarter of cellphone sales in China last year, and analysts say China is on course to overtake the United States as Apple's biggest market.

Trump Says China Not Ready For Deal, Will "Absolutely" Slap New Tariffs

World News | Reuters | Wednesday October 10, 2018

President Donald Trump on Tuesday repeated his threat to slap tariffs on an additional $267 billion of Chinese imports if Beijing retaliates for the recent levies and other measures the United States has imposed in an escalating trade war between the economic giants.

China Reaches Out To India Amid Trade War With US

India News | Press Trust of India | Wednesday October 10, 2018

India and China need to deepen cooperation to fight trade protectionism in the wake of the unilateral approach being adopted by the US on trade-related disputes, the Chinese Embassy in New Delhi said today.

Wait And Watch US Sanctions Implode: Ex-Envoy's Advice To India On Iran

India News | Press Trust of India | Monday October 8, 2018

India need not take an aggressive position in public on the issue of US sanctions on nations defying its directive to bring their oil imports from Iran to zero by November 4, says a former Indian diplomat.

Exclusive: Kinetic MotoRoyale To Announce 3 Brand Partnerships, 7 New Bike Launches On October 11

Sameer Contractor | Monday October 8, 2018

Pune-based Kinetic Group's multi-motorcycle-brand unit 'MotoRoyale' has scheduled a major announcement later this week on October 11, 2018. The company, which imports and operates with brands like MV Agusta and Norton in India, is all set to introduce a host of new motorcycles and manufacturers under its wing. CarAndBike can confirm that the manufa...

US Actively Considering Waivers On Iran Oil Sanctions

World News | Reuters | Saturday October 6, 2018

The United States is "in the midst of an internal process" of considering sanctions waivers for countries that are reducing their imports of Iranian oil, a U.S. government official said on Friday.

India To Keep Buying Iranian Oil Despite US Sanctions: Report

Business | Thomson Reuters | Friday October 5, 2018

The United States has said it plans to impose new sanctions targeting Iran's oil sector on November 4. Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower.

US Oil Exports Fall As India Turns To Iran Ahead Of Sanctions

India News | Reuters | Friday October 5, 2018

Indian buyers reduced U.S. crude purchases and loaded up on Iranian oil ahead of the restart of U.S. sanctions next month and as the WTI-Brent differential narrowed, according to traders and shipping intelligence firm Kpler.