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.
New Delhi: In a move to mutually protect and promote investments in each other's countries, India is actively negotiating bilateral investment treaties (BITs) with over a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, European Union, Switzerland, Russia, and Australia. Apart from these nations, talks are also underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland and Kuwait, according to a source. Amid uncertainties over US President Donal Trump's reciprocal tariff, India is making its all-out efforts to remain in the fastest growing economy in the world. With India approaching other nations to make the country a global manufacturing hub, the government is taking a series of measures to further improve its investment regime that encourages investors. "BIT with some of these countries is likely to be finalised and announced in the next 3-6 months," the source said. The government in the last Budget has announced revamping the current model of BITs to make it more investor-friendly and attract foreign players. India had signed BITs with two countries in 2024. Last year, the Centre announced implementation of these treaties with the UAE and Uzbekistan. Unlike a chapter related to investment promotion or facilitation in free trade agreements recently concluded, the investment protection element under a BIT provides a wide range of obligations and commitments bestowed upon foreign investors, which are expansive in nature. "India remains committed to negotiating agreements that safeguard its economic interests while balancing investor confidence and domestic policy space," the source said. There is an ambitious effort of reconstructing India's BIT network to pre-2015 levels on renewed terms and consistent negotiations with a wide range of partners, with a balance of interests between investors and the host state. At the same time, India has committed to well-recognised international standards of protection and beyond to afford a stable investment protection framework for foreign investors. "These BITs will offer the country a unique advantage by enabling India to craft highly customised partnerships based on mutual strengths. Unlike multilateral frameworks, which often require compromises to suit a broad group of nations, bilateral treaties will allow India for case-by-case negotiation, ensuring that the terms reflect the specific economic complementarities between itself and its partner countries," said Rumki Majumdar, economist, Deloitte India. As per the latest data, the FDI inflows into India crossed the $1-trillion milestone in the April 2000-March 2025 period, firmly establishing the country's reputation as a safe and key investment destination globally. "India should focus on BITs as not just legal instruments; they must be strategic economic enablers, helping India jointly unlock higher value from its comparative and competitive advantages," Majumdar added.
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 >
New Delhi, June 6 (SocialNews.XYZ) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion. Besides this, the revision in CPI inflation to 3.7 per cent for FY26 also shows the RBI's confidence in inflation being aligned with its 4 per cent target. "The decision in CRR cut, which is expected to release Rs 2.5 lakh crore in ...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 >
New Delhi, July 5 (UNI) Leader of Opposition in the Lok Sabha, Rahul Gandhi, today took a swipe at the Modi government over the ongoing trade negotiations with the United States, alleging that the Prime Minister will "meekly bow" to the pressure from US President Donald Trump's tariff deadline. "Piyush Goyal can beat his chest all he wants, mark my words, Modi will meekly bow to the Trump tariff deadline," Gandhi wrote on X, targeting the Union Commerce and Industry Minister. Notably, Goyal had reiterated India's steadfast approach to international trade, stressing that the country negotiate ...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 >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...Read More >
H.E. Josel Francisco Ignacio, current Ambassador of the Philippines to India shares his credentials with President Droupadi Murmu On 16 November 1949, the Philippines and India, the two independent democracies would forge diplomatic ties. The two republics were born just a few years apart, first set out on the road to their bilateral friendship and collaboration. This inaugurated a period of closer government interaction, commerce and investment, and other bilateral and multilateral cooperation. Building on much common ground in history, democratic ideals, socio-economic imperatives and aspi ...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 >
MUMBAI, July 3 (Reuters) - The Indian rupee touched its strongest level in a month on Thursday, lifted by dollar sales from foreign banks and cutting of bearish bets on the local currency, while optimism surrounding a U.S.-India trade deal also aided sentiment. The rupee rose to a peak of 85.20, its best level since late May, before ending the session at 85.31, up 0.4% on the day. Dollar sales from foreign banks in the latter half of Thursday's session boosted the rupee, with the rise above 85.40 also triggering stop-losses on some wagers against the currency, traders said. Asian currencies ...Read More >
New Delhi: India could benefit from relatively lower US tariffs than many countries in the Asia Pacific, which would help India attract further investment flows and support its development as a global manufacturing hub, Moody's Ratings said on Thursday. The finalisation of a free trade agreement (FTA) with the UK in May and ongoing negotiations for a similar pact with the European Union are expected to further support such progress, it added. However, the ratings agency cautioned that the US' efforts to reshore certain manufacturing segments could challenge the extent to which India gains. ...Read More >
New Delhi: India could be among the countries expected to finalise a trade deal with the US soon, as President Donald Trump steps up pressure by issuing formal tariff letters to several nations, but New Delhi must tread carefully, economic think tank GTRI said on Tuesday. "Trump's model isn't a free trade agreement, it's a YATRA - Yielding to American Tariff Retaliation Agreement," the Global Trade Research Initiative (GTRI) said. The US has extended the deadline for countries to finalise bilateral trade deals with the US from July 9 to August 1, giving a final three-week window before sweepi ...Read More >
The U.S. dollar continued its strong run on Monday, bolstered by soaring Treasury yields and expectations of limited Federal Reserve rate cuts. Meanwhile, the yen steadied ahead of a key speech by Bank of Japan Governor Kazuo Ueda, where he may hint at a possible rate hike in December, with markets pricing a 55% chance of such a move. Japanese Finance Minister Katsunobu Kato's warning on yen intervention caused a temporary pullback, while the dollar index touched a one-year high of 107.07. Analysts forecast further dollar gains as U.S. economic policies and performance outshine global peers. K ...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 >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
Bengaluru, Jul 5 (PTI) Union Commerce Minister Piyush Goyal on Saturday said India negotiates from a position of strength and not under deadlines. He accused the Congress of "negotiating and signing agreements that were not in the national interest" during the UPA government's tenure. His remarks come a day after Goyal stated that India would accept a proposed trade deal with the US only when it is fully finalised and in the national interest. Speaking to reporters here, Goyal said, "India does not negotiate under deadlines. We negotiate keeping national interest in mind, and national inter ...Read More >
Bengaluru, Jul 5 (PTI) With the Congress mocking the BJP-led NDA government over the proposed trade deal with the US, Union minister Piyush Goyal on Saturday said India negotiates from a position of strength and not under deadlines. He also accused the Congress of "negotiating and signing agreements that were not in the national interest" during that party-led UPA government's tenure. Leader of Opposition in the Lok Sabha, Rahul Gandhi had attacked Prime Minister Narendra Modi over the Indo-US trade deal, claiming the PM will "meekly bow" to the tariff deadline set by President Trump adminis ...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 >
New Delhi: Prime Minister Narendra Modi met with UK Foreign Secretary David Lammy on Saturday, discussing the growing momentum in bilateral ties between India and the UK. The meeting follows the successful conclusion of the India-UK Free Trade Agreement (FTA) and the Double Taxation Avoidance Agreement. According to the Ministry of External Affairs (MEA), PM Modi expressed satisfaction at the progress made in the India-UK Comprehensive Strategic Partnership. He welcomed the continued collaboration under the Technology Security Initiative, which aims to shape trusted and secure innovation ecos ...Read More >
India must ensure any trade deal with the U.S. is fair, not politically driven, and protects its farmers, digital ecosystem, and regulatory sovereignty, the Global Trade Research Initiative (GTRI) said on Friday. With India's chief negotiator in Washington and a July 9 deadline approaching (marking the end of U.S. President Donald Trump's 90-day tariff suspension), a limited mini-deal appears likely.Any trade agreement with the US must not be politically driven or one-sided and India should protect its farmers, digital ecosystem, and policy space, economic think tank GTRI said on Friday. With ...Read More >
New Delhi [India], July 1 (ANI): Union Minister of State for Textiles and External Affairs Pabitra Margherita inaugurated the 73rd edition of India International Garment Fair (IIGF) on Tuesday. The inauguration took place in the presence of Chairman AEPC Sudhir Sekhri, prominent industry leaders and a large number of international buyers and exhibitors. Delivering his inaugural address, Margherita said, '73rd edition of the India International Garment Fair (IIGF) is Asia's largest and most dynamic garment fair. This fair is not just a showcase of fabrics and fashion; it is a celebration of t ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan base camp in Pahalgam, in south Kashmir's Anantnag, and Baltal base camp in Sonamarg area of central ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >
A crucial round of negotiations on a global plastic pollution treaty has begun in Busan, South Korea. Led by Norway and Rwanda, 66 countries and the EU are pushing for a legally binding agreement to control plastic production, consumption, and waste management. However, key points of contention include limits on plastic production and the ban of single-use plastics. With plastic production set to rise 70% by 2040, negotiators aim to protect human health and the environment while promoting recycling, reducing harmful chemicals, and supporting sustainable plastic practices. Industry leaders and ...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 >