India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Srinagar, July 6 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal on Sunday stressed that India's free trade agreements (FTAs) will never come at the cost of national interest. Speaking at the FTII Traders Conclave in Srinagar, Goyal said the government is committed to ensuring that all trade deals are reciprocal and protect the interests of Indian traders and manufacturers. "An FTA is signed so our local goods have duty-free access to other countries and to resolve barriers in accessing other markets. But it's natural that an FTA will have two-way trade. It can't be that they open their markets to our goods while we don't," he pointed out. In a clear message to traders in the region, the minister emphasised that the Centre will not compromise on sensitive sectors or regional concerns while negotiating market access with foreign partners. "Traders need not worry. Whatever FTA we sign will keep the interests of Jammu & Kashmir and the entire country in mind," he said. Goyal's comments come against the backdrop of the India-US negotiations aimed at concluding a bilateral free trade agreement before the July 9 deadline for the 26 per cent increase in US tariffs on Indian exports kicks in. A trade agreement would exempt Indian exports from the tariff hike. The minister said that while India is open to expanding trade, all agreements will be structured to ensure fair competition, domestic capacity building, and long-term economic resilience. The minister also said that the government is promoting 'Vocal for Local', and making sure that local goes global. "Our approach supports both 'Make in India' and 'Make for the World'," Goyal remarked. The minister said, earlier this week, that India does not enter trade agreements based on deadlines, but on mutual benefit and national interest. India also informed the World Trade Organisation (WTO) on Friday that it plans to impose retaliatory tariffs on selected US-origin products in response to America's recent duty hike on automobiles and certain auto parts.
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interban ...Read More >
New Delhi [India], June 8 (ANI): Union Minister Piyush Goyal on Saturday described his meeting with UK Foreign Secretary David Lammy as 'fruitful' as they discussed avenues to deepen bilateral trade and strengthen collaboration across various sectors to 'unlock' the full potential of our Comprehensive Strategic Partnership. https://x.com/PiyushGoyal/status/1931405191758389633 'Had a fruitful meeting with UK Foreign Secretary David Lammy today. We both expressed our appreciation towards the work done in finalising the historic India-UK FTA, which is poised to give further boost to our growing ...Read More >
Chennai: Hours before Union home minister Amit Shah was to arrive in Madurai, Thuglak editor and an associate of Shah, S Gurumurthy on Saturday met PMK founder S Ramadoss. The PMK leader, however, ruled out the possibility of meeting Amit Shah during his two-day visit to Tamil Nadu.Gurumurthy met Ramadoss for the second time amid reported tension within PMK regarding alliance strategies and insistence by Anbumani Ramadoss to remain party president. The hour-long meeting took place at the T Nagar residence of A K Vijay Mahesh, son of former Union minister and PMK leader A K Moorthy, sources sai ...Read More >
New Delhi [India], June 8 (ANI): Union Minister Piyush Goyal on Saturday described his meeting with UK Foreign Secretary David Lammy as 'fruitful' as they discussed avenues to deepen bilateral trade and strengthen collaboration across various sectors to "unlock" the full potential of our Comprehensive Strategic Partnership. https://x.com/PiyushGoyal/status/1931405191758389633 Also Read | Kodaikanal Shocker: Doctor in Debt Administers IV Fluids To Himself in Car, Dies; Expresses Apology to Loved One in Suicide Note. "Had a fruitful meeting with UK Foreign Secretary David Lammy today. We both ...Read More >
NEW DELHI: India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technologi ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a "very big" agreement with India will be forthcoming soon. In a presser at the White House, Trump said, "Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.""We're not going ...Read More >
JAKARTA (Reuters) - Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members, three years after negotiations began. The agreement will take effect in 2026 and was signed in Jakarta by trade ministers of both countries. Indonesia's trade minister, Budi Santoso, said Indonesia appreciated Canada's support for its plan to prioritise its critical minerals sector, which was vital for its sustainable growth. "Together, we advance sustainable critical mineral management, supporting Indonesia's net ...Read More >
An Ertiga made at its Manesar factory in Haryana is the 2 millionth vehicle to roll out from Maruti Suzuki's stables An Ertiga, its popular multi-purpose vehicle manufactured at its Manesar facility in Haryana, drove Maruti Suzuki India Ltd to new milestone -- two million vehicles manufactured in a calendar year, making India's largest car manufacturer the only company to achieve the feat in the passenger vehicle space. Of the two million vehicles, almost 60 percent were manufactured in Haryana ...Read More >
NEW DELHI (Reuters) -Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) held two days of discussions in New Delhi with Indian trade officials headed by chief negotiator Rajesh Agrawal, the sources said. "The two countries are actively engaged in focused discussions to facilitate greater mark ...Read More >
Srinagar, Jun 06: Political leaders in Jammu and Kashmir have extended greetings to the people on the auspicious occasion of Eid-ul-Adha. They expressed hope that the revered occasion brings peace and prosperity to the region. Dr Farooq Abdullah National Conference (NC) president, Dr Farooq Abdullah conveyed his heartfelt greetings to the people on Eid-ul-Adha, wishing them peace, prosperity and unity. In his message, Dr Abdullah reflected on the profound significance of the day, saying, "As the Muslim Ummah comes together in celebration of Eid-ul-Azha, I extend my warmest greetings to ever ...Read More >
Bengaluru (Karnataka) [India], June 7 (ANI): Two top Karnataka State Cricket Association (KSCA) officials -- secretary A Shankar and treasurer ES Jairam -- resigned from their posts during an emergency managing committee meeting held on Saturday, accepting 'moral responsibility' for stampede near M Chinnaswamy Stadium in Bengaluru. The incident occurred during celebrations following Royal Challengers Bengaluru's (RCB) maiden IPL title win and claimed 11 lives and left dozens injured. KSCA President Raghuram Bhat confirmed the development, saying that the resignations were discussed and accep ...Read More >
New Delhi [India], June 8 (ANI): Union Minister Piyush Goyal on Saturday described his meeting with UK Foreign Secretary David Lammy as 'fruitful' as they discussed avenues to deepen bilateral trade and strengthen collaboration across various sectors to 'unlock' the full potential of our Comprehensive Strategic Partnership. https://x.com/PiyushGoyal/status/1931405191758389633 'Had a fruitful meeting with UK Foreign Secretary David Lammy today. We both expressed our appreciation towards the work done in finalising the historic India-UK FTA, which is poised to give further boost to our growing ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Download. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies h ...Read More >
New Delhi, Jun 2 (PTI) Global automobile makers including Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India, Union Heavy Industries Minister H D Kumaraswamy said on Monday. The said companies have expressed interest during the stakeholder discussions between the government and the industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India', the detailed guidelines for which were unveiled by the minister. While the scheme was notified on March 15 last year, its guidelines were issued on Monday. Offici ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third in a row. This comes a week after government data showed India's economy expanded at its slowest pace ...Read More >
Katra, Jun 6 (PTI) As the valley delves into jubilation over freshly launched rail connectivity, traders in adjacent Jammu were a bit subdued, apprehending a loss of business because of the travellers bypassing them wholesale straight to Kashmir. As a result, traders' outfits in the district have urged the government to think about the economic impact and address it. "We congratulate the prime minister on this historic step. It will provide Kashmir with all-weather connectivity. But it will inevitably affect business in Jammu. The government must look into this aspect," Jammu Traders' Associ ...Read More >
Bhubaneswar: Revenue minister Suresh Pujari on Saturday said Odisha would not be allowed to follow the lawless path in sand operations like it is in Bihar and West Bengal, while responding to the recent assault of an additional tehsildar in Kaptipada block, Mayurbhanj district, by the sand mafia. He promised stringent action against the sand mafia regardless of their connections, while speaking to mediapersons here on Saturday."The Kaptipada incident represents a serious escalation in conflict between law enforcement and the sand mafia. The attack on officers performing their enforcement dutie ...Read More >
Ahmedabad, June 27: Union Home Minister Amit Shah began his Gujarat visit on a spiritual note early Friday morning by participating in the Mangala Aarti at the historic Shri Jagannathji Temple in Jamalpur, Ahmedabad. The visit coincides with the auspicious occasion of the annual Shri Jagannath Rath Yatra, a major religious event that draws thousands of devotees every year. Arriving at the temple at 3:15 a.m., HM Shah joined in the sacred rituals and offered prayers to Mahaprabhu Jagannath. Sharing his experience on social media platform X, he posted, "On the sacred occasion of Rath Yatra, par ...Read More >
New Delhi, May 26 (PTI) Alcoholic beverage maker's body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian Alcoholic Beverage Companies (CIABC) has proposed slashing the effective customs (or import) duty on bottled products like wines and spirits from the current 150 per cent to 100 per cent immediately and then down to a resting customs d ...Read More >
New Delhi [India], May 29 (ANI): After a federal court of the United States struck down a reciprocal tariff announced by US President Donald Trump, the Global Trade Research Initiative (GTRI) said that India should proceed cautiously in its ongoing Free Trade Agreement (FTA) negotiations with the US. A Manhattan-based federal court on May 28 struck down Trump's move to impose reciprocal tariffs on the trading partners of the US and ruled that he can't use emergency power to impose tariffs on foreign countries; it has to come from Congress. The order of the court determined that the tariffs, ...Read More >
New Delhi, Jan 21 (PTI) India and Belgium have agreed to establish mechanisms to resolve trade issues in areas such as pharma and agri products to boost bilateral trade, according to an official statement issued on Tuesday. The issues were discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Belgian Minister of Foreign Affairs and Foreign Trade Bernard Quintin, in Brussels. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for January 21, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. "Regulatory barriers, pa ...Read More >
New Delhi, Jan 21 (PTI) India and Belgium have agreed to establish mechanisms to resolve trade issues in areas such as pharma and agri products to boost bilateral trade, according to an official statement issued on Tuesday. The issues were discussed during the meeting between Commerce and Industry Minister Piyush Goyal and Belgian Minister of Foreign Affairs and Foreign Trade Bernard Quintin, in Brussels. "Regulatory barriers, particularly in the approval processes for pharmaceuticals and agri-products, were also discussed, with both sides agreeing to tackle these challenges through continuo ...Read More >
NEW DELHI, June 5 (Reuters) - Indian and U.S. are holding high-level talks this week, aiming to finalise tariff cuts in sectors such as farm and automobiles as part of an interim deal, two government sources said, with an announcement likely later this month. A U.S. delegation led by senior officials from the Office of the United States Trade Representative (USTR) began closed-door, two-day discussions in New Delhi on Thursday with Indian trade officials headed by chief negotiator Rajesh Agrawal ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, cricket stadium in-charge, additional commissioner of police, commissioner of police have been susp ...Read More >
New Delhi [India], June 8 (ANI): UK Foreign Secretary David Lammy's visit to India provided a valuable opportunity to sustain the high-level engagement between the two countries and to further consolidate the India-UK Comprehensive Strategic Partnership, the Ministry of External Affairs noted in a statement on Saturday. As per the statement issued by the MEA, UK Foreign Secretary David Lammy paid an official visit to India on June 7. This was his second official visit to India in his capacity as UK Foreign Secretary. During the visit, UK Foreign Secretary called on Prime Minister Narendra Mod ...Read More >
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. "If the US is taking investment from China, if Germany is taking, I would ...Read More >
New Delhi, June 6: Indian and U.S. officials engaged in high-level trade negotiations here to arrive at an interim deal on tariff cuts, ahead of the July 9 deadline, have decided to extend their ongoing talks into next week, according to a senior official. India's negotiating team, headed by Additional Secretary Rajesh Agrawal, has held talks over two days with senior officials from the Office of the United States Trade Representative (USTR), who arrived in Delhi for weekend talks. "The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tari ...Read More >
Katra, June 06: Prime Minister Narendra Modi delivered a powerful message to Pakistan and ter-rorists today, reaffirming India's resolve to protect Jammu and Kashmir from terrorism and ex-ternal aggression. "Whenever Pakistan hears the name Operation Sindoor, it will be reminded of its humiliating de-feat," Modi declared, referring to the recent successful military operation that struck terror infra-structure inside Pakistan. He said Operation Sindoor demonstrated the strength of Aatmnirbhar Bharat and praised the armed forces for their trust in 'Make in India.' "You have seen how Operation ...Read More >
New Delhi: British Foreign Secretary David Lammy will pay a two-day visit to India beginning Saturday to review bilateral ties in areas of trade as well as defence and security. Lammy will hold wide-ranging talks with his Indian counterpart S Jaishankar, and is scheduled to call on Prime Minister Narendra Modi, officials said on Friday. The British foreign secretary will also meet Commerce Minister Piyush Goyal. Lammy's visit to New Delhi comes over a month after the two countries finalised an ambitious free trade agreement (FTA). It is learnt that his visit is also expected to focus on prepa ...Read More >