Oil prices rose on Monday after White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop.

White House trade adviser Peter Navarro said India must stop buying and selling Russian oil if it wishes to garner favor with the Trump administration, which has upped tariffs on New Delhi to 50 percent.

Russia's President Vladimir Putin bids farewell to India's Prime Minister Narendra Modi following their meeting at the Kremlin in Moscow, Russia July 9, 2024. Sputnik/Gavriil Grigorov/Pool via REUTERS/File Photo NEW DELHI (Reuters) -India's Prime Minister Narendra Modi said he had held a phone call with Russian President Vladimir Putin on Monday and looked forward to continued exchanges in the days to come.

A call between the leaders of Russia and India affirmed the countries’ close ties despite Washington’s demands for New Delhi to wean itself off Russian oil. Indian Prime Minister Narendra Modi on Monday thanked his “friend,

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Apple is shifting more iPhone production to India ahead of next month’s iPhone 17 launch, Bloomberg reports. The company will build all four iPhone 17 models there, and for the first time US-bound shipments for the entire lineup will come from India at launch.

The U.K. is acceding to U.S. government request to drop its demand for Apple to provide a so-called “back door” into the iPhone, as the company reportedly is expanding its production of the mobile phone in India.

Apple Inc. is expanding iPhone production in India at five factories, including a pair of recently opened plants, as it seeks to lessen its reliance on China for US-bound models.