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 (Reuters) -India's merchandise trade deficit in June stood at $18.78 billion, according to Reuters' calculations based on export and import data released by the Ministry of Commerce & Industry on Tuesday. Economists had expected the June trade deficit to be at $22.24 billion, according to a Reuters poll, compared to $21.88 billion in the previous month. Exports of goods stood at $35.14 billion in June while imports were at $53.92 billion, compared with $38.73 billion of exports and $60.61 billion of imports in May. Meanwhile, the trade in services showed an estimated surplus of $15.62 billion in June, with services exports at $32.84 billion and imports at $17.58 billion, data showed. (Reporting by Manoj Kumar and Nikunj Ohri; Editing by Mrigank Dhaniwala)
Dantewada (Chhattisgarh) [India] July 15 (ANI): The tribal-dominated Dantewada district is all set to make its footprint visible in the high-octane sport of Thai Kick Boxing, as young athletes here have clinched medals in international as well as national events. With the support of the Chhattisgarh Government, the youth of Dantewada are sharpening their skills and preparing for Thai Kick Boxing events to be held in the country and overseas. As Dantewada moves on the path to becoming a hub for producing Thai Kick Boxers, the district is also ready to shed its infamous identity that emerged du ...Read More >
[NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 109,840 rupees (S$1,597.68) per 10 grams last week, have risen 42 per cent year-to-date, after gainin ...Read More >
New Delhi [India], September 16 (ANI): Assistant US Trade Representative for South and Central Asia Brendan Lynch on Tuesday arrived at the Ministry of Commerce and Industry at Vanijya Bhawan in the national capital. The Lynch-led US team is in India to resume discussions with India's chief negotiator and Special Secretary in the Department of Commerce, Rajesh Agrawal, and other Indian officials on the bilateral trade agreement. Earlier, the trade talks schedule to be held between August 25 to August 29 were postponed and now the discussion on trade deal have resumed again. Over the past fe ...Read More >
Sept 26 (Reuters) - U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the European Union and members of NATO to curb purchases of Russian oil as a way to cut Moscow's revenue ...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 >
New Delhi [India], August 1 (ANI): India on Friday expressed confidence that its relationship with the United States will continue to move forward and it remains focused on the substantive agenda the two countries are committed to. Ministry of External Affairs spokesperson Randhir Jaiswal said at the regular media briefing that the bilateral partnership with the United States has weathered several transitions and challenges and the two countries share a comprehensive global strategic partnership. Jaiswal remarks came in response to questions on way forward for bilateral ties with the United ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President Do ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in a statement. The current account had registered a surplus of $4.6 billion or 0.5% of GDP in the same ...Read More >
NEW DELHI (Reuters) -- India's merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from Aug. 27 over New Delhi's continued purchases of Russian oil, bringing total levies on Indian exports to 50% -- among the highest for any U.S. trading partner. Total goods exports fell to a nine-month low of $35.10 billion in August from $37.24 billion in July. Exports to the U.S. fell to $6.86 b ...Read More >
NEW DELHI: India and the United States are nearing a long-stalled trade agreement that would reduce U.S. tariffs on Indian imports to 15%-16% from 50%, India's Mint reported on Wednesday citing three people aware of the matter. The deal, which hinges on energy and agriculture, may see India gradually scale back its imports of Russian crude oil, Mint reported. India's Ministry of Commerce and Industry and the White House did not immediately respond to Reuters' requests for comment. U.S. President Donald Trump said he spoke to Indian Prime Minister Narendra Modi on Tuesday, largely focusing o ...Read More >
MUMBAI (Reuters): The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the US dollar, before closing at 84.8950, down 0.04% on the day. Benchmark Indian equity indexes BSE Sensex and Nifty 50, closed lower by over 1% each, dragged by weakness in financial stocks and Reliance Industries. Investor sentiment was also dampened after data on Monday showed that India's merchandise trade deficit rose to a record h ...Read More >
New Delhi: India's goods exports in June fell a tad from a year earlier, but a sharper drop in imports aided the trade deficit to narrow to a four-month low. Exports reduced 0.05% year-on-year to $35.14 billion, a seven month low, while imports fell 3.71% to $53.92 billion, leaving a trade deficit of $18.78 billion compared with $20.84 billion in June last year. Exports to the US in the past month rose sharply to $25.52 billion from $20.89 billion, despite the base tariff on Indian goods shippe ...Read More >
New Delhi: India's merchandise trade deficit narrowed to $18.78 billion in June from $21.88 billion in May amid a shift in export and import activity, provisional data released by the Ministry of Commerce and Industry showed on Tuesday. Merchandise exports fell to $35.14 billion in June, compared with $38.73 billion in the previous month. Imports declined to $53.92 billion, down from $60.61 billion in May. In absolute terms, India had exported $35.20 billion worth of goods in June 2024, while imports totalled $56.18 billion, resulting in a trade gap of $21 billion. Total exports of merchand ...Read More >
NEW DELHI, Sept 15 (Reuters) - India's merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from August 27 over New Delhi's continued purchases of Russian oil, bringing total levies on Indian exports to 50% - among the highest for any U.S. trading partner. Trade talks between India and the U.S. have slowed since the imposition of tariffs, but negotiators of the two sides will meet o ...Read More >
New Delhi: After a brief pause, trade talks between India and the United States are set to resume on September 16. The U.S. Chief Trade Negotiator, Brendan Lynch, along with his team, is scheduled to arrive in India tonight. Full-day discussions between the two nations are expected to take place on Tuesday, focusing on the proposed bilateral trade agreement. Secretary in the Ministry of Commerce, Sunil Barthwal, confirmed this development and stated that India is now open to pursuing Free Trade Agreements (FTAs) not only with the United States but also with many other countries. We are active ...Read More >
New Delhi [India], September 16 (ANI): Assistant US Trade Representative for South and Central Asia Brendan Lynch on Tuesday arrived at the Ministry of Commerce and Industry at Vanijya Bhawan in the national capital. The Lynch-led US team is in India to resume discussions with India's chief negotiator and Special Secretary in the Department of Commerce, Rajesh Agrawal, and other Indian officials on the bilateral trade agreement. Also Read | UCL 2025-26: Mikel Arteta Urges Arsenal To Rewrite UEFA Champions League History Ahead of Athletic Club Clash. Earlier, the trade talks schedule to be h ...Read More >
The US has imposed a sweeping 50 per cent tariffs on Indian goods. New Delhi: India's merchandise exports to the US declined by 11.93 per cent to USD 5.46 billion in September due to the high tariffs imposed by Washington while imports increased by 11.78 per cent to USD 3.98 billion during the month, according to the commerce ministry data. During the April-September period of this fiscal, the country's exports to the US increased by 13.37 per cent to USD 45.82 billion, while imports rose 9 pe ...Read More >
MUMBAI (Reuters) -India's current account posted a surplus for the first time in four quarters in the January-March period, helped by higher services exports, the central bank said on Friday. The current account surplus stood at $13.5 billion, or 1.3% of GDP in the fourth quarter of the fiscal year 2024-2025 versus the polled estimate of $8.5 billion, or 0.9% of GDP. The surplus compares with a deficit of $11.3 billion or 1.1% of GDP in the preceding quarter, the Reserve Bank of India said in a statement. The current account had registered a surplus of $4.6 billion or 0.5% of GDP in the same ...Read More >
MUMBAI, Dec 1 (Reuters) - India's current account deficit moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago. In the preceding quarter, the current account had recorded a deficit of $2.4 billion, or 0.2% of GDP. India's merchandise trade deficit narrowed to $87.4 billion from $88.5 billi ...Read More >
NEW DELHI, July 15 (Reuters) - India's merchandise trade deficit (INTRD=ECI), opens new tab in June stood at $18.78 billion, according to Reuters' calculations based on export and import data released by the Ministry of Commerce & Industry on Tuesday. Economists had expected the June trade deficit to be at $22.24 billion, according to a Reuters poll, compared to $21.88 billion in the previous month. Exports of goods stood at $35.14 billion in June while imports were at $53.92 billion, compared with $38.73 billion of exports and $60.61 billion of imports in May. Meanwhile, the trade in servi ...Read More >
Gurugram : JSW MG Motor India today announced that India's best-selling EV, the MG Windsor, has achieved another remarkable milestone. In July, the company set a new record for Windsor sales, selling 4,308 units in a single month. The carmaker has sold nearly 36,000 units of the MG Windsor since its launch. The robust sales performance has helped the company expand its market share in the EV Segment. In Q2 CY'25, the company recorded a 4% increase in market share, rising to 32% from 28% in Q1 CY'25. During the same period, average sales of MG Windsor grew by 17%. In addition, the company's EV ...Read More >
MUMBAI (Reuters) -India's imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewellers rushed to build inventories ahead of festivals and escape higher taxes on imports, trade and government sources said. Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China. The surge in imports could widen India's trade deficit and weigh on the weaker rupee, however. "Jewellers and banks have been clearing a lot of g ...Read More >
Indian negotiators had not expected to conclude a meaningful deal in time to meet Mr. Trump's revised deadline of Aug. 1. But they did expect to be treated as well as their neighbors, and to keep haggling with American officials until October or November, when Mr. Trump was invited to visit India as part of the Quad defense group, which brings together four big democracies -- India, the United States, Japan and Australia -- with a shared interest in standing up to China. Instead, they were fed a ...Read More >
(Reuters) -U.S. trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India's tariff rate and sealing a trade deal, two people familiar with the talks told Reuters. While trade negotiations are on a positive track, a U.S. official said, more work is needed to ensure India addresses U.S. concerns over market access, the trade deficit and purchases of Russian oil. U.S. President Donald Trump has sought to pressure India, the European Union and members of NATO to curb purchases of Russian oil as a way to cut Moscow's revenue and haste ...Read More >
China Eastern Airlines will resume flights from Shanghai to Delhi starting November 9, marking the restart of commercial air travel between China and India after a five-year hiatus. This development follows positive shifts in diplomatic relations. IndiGo is also launching daily non-stop flights between Kolkata and Guangzhou.China Eastern Airlines is resuming flight operations from Shanghai to Delhi from November 9 onwards, following changes in the diplomatic relations between the neighbouring nat ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government that is non-communal. Only the Congress can do that. I have joined the Congress to be part of its fi ...Read More >
SEOUL (Reuters) - South Korea's export growth is expected to have slowed for a fourth straight month in November and to be the weakest in 14 months on slowing demand in the United States amid tariff policy uncertainty, a Reuters poll showed on Thursday. Outbound shipments from Asia's fourth-largest economy are forecast to have risen 2.8% in November from a year earlier, after a gain of 4.6% in October, according to a median of 14 economists in the survey. That would be the 14th straight month of annual export growth but the weakest year-on-year rise for the sequence, which had been led by st ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The Enforcement Directorate (ED) has attached six immovable properties worth Rs 4.18 crore in Delhi and Uttar Pradesh over money laundering cases linked to a company controlled by Atul Rai, former MP and Jitender Sapra, both aides of Mukhtar Ansari, an official said on Tuesday. The ED, Allahabad Sub-Zonal office, issued the Provisional Attachment Order attaching the six properties owned by Spectrum Infraservices on Tuesday, as part of its money laundering probe against a construction company controlled by the late gangster-turned-politician Mukhtar Ansari, ...Read More >
NEW DELHI, June 6 (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 gre ...Read More >
MUMBAI, Dec 1 (Reuters) - India's current account deficit moderated in the July-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday. The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago. In the preceding quarter, the current account had recorded a deficit of $2.4 billion ot 0.2% of GDP. (Reporting by Swati Bhat; Editing by Mrigank Dhaniwala) ...Read More >