The 48% Russian Crude Peak: India’s Russian Oil Imports Touch All-Time Highs Despite US Threats of 100% Tariffs

Good morning, it’s 11th August, 2026, and here’s your headstart to the day’s most important update.

1. Trade: Russia’s share in India’s oil imports surged to an all-time high of 48% despite US threats of 100% tariffs on countries importing Russian energy. Read

2. Infrastructure: Government plans 5,000+ km of border highways with ₹2 trillion-plus investment to boost military mobility. Read

3. Mining: New bill proposes removing state levies on mining to encourage investment in the sector. Read

1. Gland Pharma: Q1 FY27 net profit surges 47% YoY to ₹317 Cr, revenue jumps 20% YoY to ₹1,800 Cr, driven by CDMO and B2B businesses. Read

2. Hitachi Energy India: Q1 FY27 net profit doubles to ₹294 Cr from ₹131.6 crore YoY, revenue surges to ₹2,493.7 Cr on strong AI and renewable energy demand. Read

3. Wockhardt: Q1FY27 net profit at ₹106 Cr; sales surges 26% YoY to ₹929 Cr, driven by pharma and API segment growth. Read

1. Dabur: Accuses FSSAI of favouring rival manufacturers in restrictions on ‘100% product’ claims, signalling regulatory friction over food labelling standards. Read

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Source: Trading Economics & Yahoo Finance

(Note: For bond yields, percentage changes refer to change in yield levels, not total return or price appreciation)

1. Iran: Parliamentary panel passes strategic framework for Hormuz’s security. Read

2. Trump: Rules out fresh military offensive on Iran, posits American temporary tact amidst stalling Strait talks. Read

3. Colombia: 7.4 Richter scale earthquake leaves 74 dead, buildings collapse and tremor being felt as far away as Venezuela. Read

Source: Trendlyne

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1. GalaxEye: Buys StarOps to strengthen indigenous satellite engineering, bringing experience spanning spacecraft engineering, propulsion, among others. Read

1. Travel: Indian tourists can get free UAE visas under new Abu Dhabi DCT scheme. Read

Now over to you! What was your biggest takeaway? Let’s discuss in the comments.

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