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No more Indian basmati rice or tea for Iran as both nations discuss a rupee trade deal
Since last week, Iran has stopped signing any deals to import tea and basmati rice from India. The reason for this sudden stoppage has not been clarified by Iranian buyers, but Indian…
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Northrop Grumman unveils the B-21 nuclear bomber for the US Air Force
As the first of a new fleet of long-range stealth nuclear bombers for the United States Air Force, Northrop Grumman Corp unveiled its next-generation B-21 Raider jet. In Palmdale,…
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Russian oil to be purchased by India despite sanctions
According to an official from the Indian Oil Ministry, the country will continue to purchase Russian crude oil even after the embargo and price cap are implemented on December 5. India…
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Russian oil is capped at $60 per barrel by the European Union
The EU agreed with the G7 to cap Russian oil prices to deprive the Kremlin of funds for its Ukraine war, as Putin said strikes on Ukraine's infrastructure were "inevitable". With an EU…
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Indian Railways earns 76 percent more from the passenger segment
Indian Railways' passenger segment earnings increased by 76 percent from April to November this year. In these months, Indian Railways earned more than 43 thousand crore rupees,…
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A total of €328 billion was invested in R&D by the EU in 2021
In 2021, the EU spent €328 billion on research & development (R&D), an increase of 6% over the previous year (€310 billion). Data published by Eurostat, the EU's statistical…
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Global remittances to India are set to cross the record $100-billion mark in 2022
Indian migrants earning relatively high salaries in the United States, United Kingdom, and East Asia are expected to boost global remittances to India by 4 percent. Indian migrants in…
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Reserve Bank of India to launch retail digital rupee pilot program on December 1
A pilot program for the retail digital rupee will be launched by the Reserve Bank of India on December 1, 2022. Eight banks have been identified for phase-wise participation in this…
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European inflation is unlikely to have peaked – ECB President Lagarde
After reaching record levels, the head of the European Central Bank believes inflation has not peaked. ECB President Christine Lagarde also said the bank would continue raising interest…
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634,000 Ford vehicles are being recalled worldwide because of fire risks
On Thursday, Ford Motor Co announced that it was recalling 634,000 sport utility vehicles (SUVs) worldwide over the possibility that their fuel injectors may be cracked and that owners…
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