Glenmark receives nod from Russia for allergy spray

Mumbai-based pharmaceutical firm Glenmark Pharmaceuticals said it received approval from the Russian Health Ministry for the sales of Momate Rhino, also called Mometasone Furoate metered nasal spray, as an over-the-counter (OTC) drug. Over-the-counter drugs are medicines sold directly to a consumer without prescription from a healthcare professional, as opposed to prescription drugs, which may be […]

Nikki Haley again urges India to respect religions and avoid “divisions”

US Ambassador to the United Nations Nikki Haley again urged India to ‘respect’ all religions so as to avoid ‘divisions’ within the country. Soon after arriving in India on Tuesday, Haley had emphasized ‘freedom of religion’ in a comment to the media. She also urged India to relook at its relationships with Iran and Russia […]

India hedges energy bets: Starts LNG supply from Russia

Within weeks of starting the first ever long-term LNG supply from the US, India opened up yet another source of natural gas with the arrival of the first LNG shipment from Russia. Russia is currently, world’s largest crude oil & second largest gas producer in the world. While, lndia is world’s 3rd largest energy consumer […]

India signs agreement with Russian firm to manufacture inland shipping vessels

Government of India-controlled Cochin Shipyard Limited said it signed an agreement with Russia’s largest shipbuilding company to jointly design and manufacture inland and coastal ships in India to enable the government’s Sagar Mala program. Sagar Mala is a ₹8 lakh cr investment initiative of the Government of India to promote the use of water ways […]

India draws closer to US under Modi, to restart ‘COPE INDIA’

The Narendra Modi-led National Democratic Alliance government of India is ramping up defense cooperation with the United States, and will restart COPE INDIA, a mock combat exercise between the US and Indian Air Force. COPE INDIA was first conducted in 2004, and subsequently in 2005, 2006 and 2009, after which it was abandoned. The exercise […]

India, Russia begin joint military exercises even as Russians arrive in Pakistan for joint drill

The eighth edition of India-Russia Joint Military Exercise ‘INDRA-2016’ has begun in the Ussiriysk district of Vladivostok in Russia, even as Russian forces arrived in Pakistan on its first ever-joint military drill. Main focus of the Indo-Russian joint exercise is on ‘Counter-Terrorism Operations in semi mountainous and jungle terrain under United Nations Mandate’, said the […]

Gayatri Project wins Rs 1,225 cr project from NHAI under Russian JV

Gayatri Projects, along with its Russian joint venture partner PTPS, won a Rs 1,255 cr contract from the National Highway Authority of India. The Contract is to be executed on an EPC (Engineering, Procurement & Construction) basis, which, the company said, is in line with the management’s decision to maintain an asset-light model. The contract […]

ONGC, Rosneft sign first-stage agreement for Vankorneft JV

ONGC Videsh Ltd and Rosneft signed an agreement of confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC Vankorneft. Vankorneft, Rosneft subsidiary, was established in 2004 for development of Vankor oil and gas condensate field – the largest of the fields, discovered and […]

Russia, India to jointly drill for Arctic oil through Rosneft, ONGC

India’s Oil and Natural Gas Corp (ONGC) will drill for oil in the Russian Arctic region in association with Rosneft, the biggest oil company in Russia. The companies will co-operate in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic, ONGC said in a statement. India has been hungry for hydrocarbons […]