"A few of the Russian banks are joining hands with UCO Bank and Yes Bank. It will be primarily rupee-basis trade, could be rupee-rouble or could be rupee-riyal," a government official said
The Indian rupee fell to a new low of 83 against the dollar on Wednesday as US interest rate rises pile pressure on Asian currencies
The Reserve Bank of India said in a paper this month that the 'e-rupee' will have "limited pilot launches" next fiscal year, Nikkei said.
BrahMos Aerospace, a JV set up by Delhi and Moscow, is in talks with Malaysia, Vietnam and Indonesia for new orders, having just bagged a $375m export deal with the Philippines
US student visas issued to Indian nationals soared by 60% from October 2021 to July 2022, while visas issued to Chinese nationals plunged by 30%
India is set to overtake Japan as the third largest car market by 2025, but it still lacks charging stations, the Chinese outlet reports.
Apple and Samsung have vowed to upgrade software for their 5G-enabled phones in India over coming months, despite some compatibility issues.
BYD will deliver 500 ATTO 3 cars to India by January. The ATTO is an electric SUV known in China as the Yuan Plus, Pandaily said.
India will assess Moscow's revamp of the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri said, adding 'we've never been told not to buy Russian oil'
The rupee was trading around 82.40 to the dollar on Tuesday, having hit a low of 82.6825 on Monday, currency traders said
Low supply of specialised chips are key challenge, Tata motors said, hoping that new supplier deals will boost sales in the second half of the fiscal year
Russia is now India's second largest supplier of crude oil, up from 10th place in 2021, Nikkei said.