INDUSTRY AND TRADE OLEG RYAZANSEV
Russian beverage & aluminium majors eye JVs under Make in India initiative
Russian firms are planning to establish joint ventures (JVs) in India to establish units in the aluminium and beverage sectors, aiming to boost Make in India. Boris Titov, a Russian premium wine maker, is partnering with an Indian partner to set up a sparkling wine unit near New Delhi. The cost of production in India is low, making it a significant incentive for Russian companies.
North Korea's leader is in Russia to meet Putin, with both locked in standoffs with the West
North Korean leader Kim Jong Un is traveling to Russia to meet with President Vladimir Putin. This rare encounter between the two leaders comes as they both seek support in their respective standoffs with the West. Kim is expected to seek economic aid and military technology for North Korea, while Putin may be looking to replenish ammunition stores for Russia's war in Ukraine. An arms deal between the two countries would violate sanctions, which Russia has supported in the past.
No economic 'knockout' yet from West's sanctions on Russia
Russia is now the world's most heavily sanctioned country, according to U.S. officials. The ruble did in fact take a temporary dive and has been slipping again in recent months. But as the war nears its one-year mark, it's clear the sanctions didn't pack the instantaneous punch that many had hoped.
India, Russia bond over BRICS soft power
The principal goals and objectives of the Indian program include the unification of people, cities and educational institutions of Russia and India via joint realization of projects in the realms of culture, art, enlightenment, education, twin-city ties, charity as well as business cooperation.
Aluminum heads for more supply chaos as Biden weighs Russia ban
Aluminum prices surged to a record in March in the immediate aftermath of Russia’s attack, but have receded as Russian metal has largely kept flowing to global markets.
Russia's nuclear trade with Europe flows despite Ukraine war
A cargo ship carrying uranium that departed from the French port of Dunkirk traveled across the North Sea on Thursday, heading toward the Russian Baltic port of Ust-Luga. It was the third time in just over a month that the Panama-flagged Mikhail Dudin ship docked in Dunkirk to transport uranium from or to Russia.
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From Russia with Love, for India Inc
As Western companies shut operations in Russia, in response to its invasion of Ukraine, the situation presents million-dollar opportunities for Indian firms. Russia is rolling out the red carpet and many Indian firms have lately been busy on a deal-signing spree.
Russia for mkts, connectivity infra links with India: Oleg Deripaska, Russian aluminium tycoon
That economic cooperation was preceded by a 12-year integration process, wherein Russia and the European Union built common transport, financial and debt infrastructure, and harmonised trade procedures, Deripaska said.
Meet Russia's oligarchs, a group of men who won't be toppling Putin anytime soon
Who are these oligarchs, and what is their relationship with Putin? And more importantly, will eroding their wealth do anything to end the war in Ukraine?
India, Russia discuss collaboration in shipbuilding, inland waterways
The minister said that the two sides discussed Russian participation in civilian shipbuilding and inland waterways and also the interest of Indian companies in the Russian Far East in energy, transportation and logistic sectors.
India hopes for early operationalisation of IGA with Russia to manufacture defence spare parts
“Despite the complexities of the Coronavirus pandemic, India felt it was very important for us to come and participate in ARMY-2020. We would have liked to have participated with a much bigger delegation," Indian ambassador to Russia DB Venkatesh Varma told Russian magazine ‘New Defence Order Strategy’.
India, Russia plan to build maritime partnership including ship-building industry
The two sides eyeing to firm up their maritime partnership discussed avenues of bilateral collaboration in ship design and building, repair, logistics, MRO, inland waterways and ports sectors during a webinar held on Thursday. Russian Deputy Minister Industry and Trade Oleg Ryazantsev and Indian Minister of State for Shipping and Chemical and Fertilizers Mansukh Mandaviya chaired that webinar.
Everyone wants a piece of enterprise tech companies
While corporate software may sound painfully boring, advancements in cloud computing and machine learning mean enterprise companies can give employees creative outlets. Investors liken the new opportunities to those once sparked for consumer startups by the advent of smartphones.
This year's market turmoil left the world's richest poorer by $511 billion
Even Jeff Bezos, who recorded the biggest gain for 2018, wasn’t spared the volatility.
Market Movers: BJP pulls out of J&K government; oil prices edge up and rupee nosedives
A look at top macro triggers that may move market on Wednesday
View: US and China are trading blows for the gallery
Trump is an egomaniac, quite capable of souring US relations with China. But so far on trade, his bark has been worse than his bite.
Orient Express Hotels board may reject bid by Indian Hotels
Most analysts feel that the board may hold out for a better offer than the $12.63 per share offered by Indian Hotels, a Tata Group company.
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