Defence, oil and trade imbalances: Putin arrives in India to boost economic ties

IndiGo, which dominates nearly two-thirds of India's domestic airline market, has canceled approximately 1,000 flights, attributing the chaos to adverse weather conditions, technical system failures, and crew rest regulations. Passengers at Bengaluru airport faced significant disruptions on Friday as a result of these cancellations.

Russian President Vladimir Putin assured Indian Prime Minister Narendra Modi of uninterrupted oil shipments to India during their recent meeting in New Delhi, emphasizing the resilience of their partnership against external pressures, particularly from the United States.

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi have strengthened their partnership during a recent meeting in New Delhi, expanding their collaboration beyond defense and energy sectors. This development occurs amid increasing pressure from the United States for India to distance itself from Moscow.

Oil prices settled slightly higher following the failure of peace talks in Moscow aimed at resolving the ongoing conflict between Russia and Ukraine. The lack of a breakthrough in negotiations has left traders uncertain about future supply dynamics in the oil market.

Maersk has reported an increase in demand from India, indicating that its shipping service connecting India and North America is maintaining consistent weekly departures. This development comes amid growing hopes for a potential trade deal between the U.S. and India.