The deal was signed during PM Modi's visit to the UAE last week, said IOC adding that India's trade treaty with the UAE enables it to import LNG without paying a 2.5% import tax.
Abu Dhabi National Oil Company intends to store 5.86 million barrels of crude at the Ratnagiri refinery. India is targeting support from both Saudi Aramco and Adnoc for the $44 billion Ratnagiri project.
Operation Sindhoor came as a blessing for Asim Munir. He could claim to have “won a war” and get promoted to a field marshal’s post. But the narrative hasn’t held.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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