Don’t miss the latest developments in business and finance.

India-Russia Ties

Vagsheer, the sixth and final Scorpene-class submarine, and the first of seven Nilgiri-class stealth guided missile frigates are reportedly expected to be commissioned in January

Updated On: 11 Dec 2024 | 5:47 PM IST

Defence Minister Rajnath Singh met Russian President Vladimir Putin in Moscow on Tuesday and the two leaders noted that the India-Russia partnership holds immense potential and combined efforts will pave the way for "remarkable outcomes". According to the defence ministry, Singh, in the meeting, said, "Friendship between our countries is higher than the highest mountain and deeper than the deepest ocean." The defence minister conveyed to Putin that India has always stood by its Russian friends and will continue to do so in future. Singh also conveyed warm greetings of Prime Minister Narendra Modi to President Putin. "Rajnath Singh discussed various issues of bilateral defence cooperation," the defence ministry said in a statement. "Both leaders expressed that partnership between both countries holds immense potential and combined efforts will pave the way for remarkable outcomes," it said. Singh called on Putin after co-chairing the 21st session of the India-Russia Inter-Governme

Updated On: 10 Dec 2024 | 11:18 PM IST

The European Union has provided India with inputs on the alleged involvement of certain Indian entities in supplying "high priority" goods with possible military application to Russia in violation of Western sanctions, people familiar with the development said. EU Sanctions Envoy David O Sullivan said he visited India in October to discuss with Indian authorities "systemic solutions" to stop the "illicit flow" of the common high priority items to Russia. There was no immediate comment from the Indian side on the matter. India has been maintaining that as a matter of policy, it only recognises UN sanctions. "I travelled to India in October 2024 for the second time to discuss with Indian authorities systemic solutions to stop the illicit flow of common high priority items to Russia," Sullivan said in response to a query. It is learnt that he provided certain details to the Indian authorities about the Indian firms allegedly supplying products to Russia circumventing the sanctions ...

Updated On: 10 Dec 2024 | 10:25 PM IST

The ships construction was closely monitored by an Indian team of specialists from the Warship Overseeing Team stationed at Kaliningrad, under the aegis of the Indian Embassy in Moscow

Updated On: 09 Dec 2024 | 6:41 PM IST

Defence Minister Rajnath Singh is on an official visit to Russia, where he will be the chief guest for the commissioning of the Indian Navy's INS Tushil stealth frigate on Monday

Updated On: 09 Dec 2024 | 4:22 PM IST

Defence Minister Rajnath Singh arrived in Moscow on an official visit during which he will witness the commissioning of a stealth warship into the Indian Navy and attend the 21st meeting of India-Russia Inter-Governmental Commission on Military & Military Technical Cooperation.Singh received a warm welcome on late Sunday night by Indian Ambassador to Russia, Venkatesh Kumar, and Russian Deputy Minister of Defence, Alexander Fomin.During his visit, Singh will also pay tributes at 'The Tomb of the Unknown Soldier' in Moscow to honour the Soviet soldiers killed during the Second World War. He will also interact with the members of the Indian community, a release said.During his visit, Singh is set to hold crucial discussions with Russian President Vladimir Putin and co-chair the India-Russia Inter-Governmental Commission on Military-Technical Cooperation (IRIGC M & MTC) alongside Russian Defence Minister Andrei Belousov.Sharing a post on X, the Embassy of India in Russia wrote,

Updated On: 09 Dec 2024 | 7:01 AM IST

Russian President Vladimir Putin expresses Russia's readiness to establish manufacturing operations in India, describing investments in the country as profitable

Updated On: 05 Dec 2024 | 5:54 PM IST

India has become the biggest buyer of Russia's seaborne crude after Moscow's invasion of Ukraine in 2022

Updated On: 05 Dec 2024 | 1:53 PM IST

Addressing the VTB Investment Forum in Moscow on Wednesday, Putin drew similarities between Russia's import substitution program to India's "Make in India" initiative

Updated On: 05 Dec 2024 | 8:23 AM IST

A senior Russian diplomat on Wednesday said bilateral trade between the two countries has reached a record USD 66 billion in 2024, marking a fivefold increase over the past five years, with a 9 per cent rise in the first eight months of this year. The envoy said Russia and India are on track to achieve the ambitious USD 100 billion trade target by 2030, bolstered by expanding collaborations and diversified trade opportunities. "The recent dialogues between leaders of both countries on the possibilities of diversifying the trade basket and increasing the volume of investments in multiple sectors make the target of USD 100 billion by 2030 an achievable one," said Maxim V. Kozlov, Russian Consul General in Kolkata, at an interactive session with members of the Bharat Chamber of Commerce (BCC). "India and Russia are more than strategic partners; we are all-weather friends. Our bond is built on mutual trust and shared interests, making the growth of our economic ties both natural and ...

Updated On: 27 Nov 2024 | 6:42 PM IST

Putin and Modi held talks when Russia hosted the summit of Brics states last month. The Indian leader also met Putin in Moscow in July on his first trip to Russia since the war began

Updated On: 20 Nov 2024 | 7:27 AM IST

Vladimir Putin's upcoming visit to India will mark his third bilateral meeting with PM Modi since the onset of the Ukraine conflict in February 2022

Updated On: 19 Nov 2024 | 5:03 PM IST

Speaking at the 25th India-Russia Intergovernmental Commission session, First Deputy PM Denis Manturov also shared plans for areas where the two nations would explore future collaboration

Updated On: 12 Nov 2024 | 2:54 PM IST

Forum director emphasises 'big potential' of rupee-rouble trade between both nations

Updated On: 11 Nov 2024 | 11:30 PM IST

Speaking at the India-Russia Business Forum in Mumbai, External Affairs Minister S Jaishankar emphasized key areas for collaboration to strengthen bilateral relations

Updated On: 11 Nov 2024 | 6:06 PM IST

Manturov will participate in the plenary session of the Russian-Indian Business Forum in Mumbai on November 11, where the focus will be on expanding economic and business cooperation

Updated On: 10 Nov 2024 | 12:54 PM IST

India deserves to be included in the list of global superpowers as its economy is currently growing faster than in any other country, Russian President Vladimir Putin has said. Addressing the plenary session of the Valdai Discussion Club in Sochi on Thursday, Putin also said Russia is developing relations with India in all directions and there is a great degree of trust in bilateral ties. "India should undoubtedly added to the list of superpowers, with its billion-and-a-half population, the fastest growth among all economies in the world, ancient culture and very good prospects for further growth," he said. Calling India a great country, Putin said: "We are developing relations with India in all directions. India is a great country, now the largest in terms of population: 1.5 billion people, plus 10 million every year. " He said India is leading the world in economic growth. "Our vision of where and at what pace our relations will develop is based on today's realities. The volume

Updated On: 08 Nov 2024 | 2:39 PM IST

Russian envoy to India Denis Alipov Monday termed the Sino-India pact on the border issue a positive development in bilateral ties and welcomed the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the BRICS summit in Kazan. Asserting that the recently concluded BRICS summit in the Russian city of Kazan was a "total success", he said the grouping is "not an exclusive but an inclusive platform". "BRICS is not anti-West but non-West," Alipov said during an interaction with reporters here. To a question on the Sino-India pact on border issues, he said, "It is a positive development in India-China bilateral ties." On October 23, Prime Minister Narendra Modi and Chinese President Xi Jinping endorsed the agreement on patrolling and disengagement along the Line of Actual Control (LAC) in eastern Ladakh during their bilateral meeting on the sidelines of the BRICS Summit. Asked about the meeting between Modi and Xi, the Russian envoy to India

Updated On: 28 Oct 2024 | 11:40 PM IST

PM Modi and Putin exchanged views on India-Russia engagement in multilateral fora, in particular in BRICS, according to the press release. They also shared views on key regional and global issues

Updated On: 23 Oct 2024 | 8:49 AM IST

We understand that currently the embassy is pursuing around 20 cases with the Russian side and we hope that all of these individuals can be released at an early date and be repatriated to India

Updated On: 23 Oct 2024 | 7:40 AM IST