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India can lift exports to Russia from $5 bn to $35 bn! Why a modern rupee-rouble settlement system is needed – explained

India has the potential to increase its merchandise exports to Russia seven-fold—from $5 billion to $35 billion by 2030—if it secures market access in food, pharmaceuticals, textiles and machinery, according to Global Trade and Research Initiative (GTRI) founder Ajay Srivastava. The report comes as President Vladimir Putin visits Delhi and as Moscow reiterates its goal…

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Reliance Industries shares fall 5%! Over Rs 1 lakh crore eroded from M-cap — What triggered the fall?

Reliance Industries Limited (RIL) stock tumbled 5% on Tuesday, falling to an intraday low of Rs 1,497.05 on the Bombay Stock Exchange. The share price plunged after RIL denied a Bloomberg report claiming that its Jamnagar refinery will be receiving three ships of Russian crude oil.Today’s session recorded the stock’s steepest intraday decline since June…

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