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: India and the US have discussed various aspects of the proposed trade agreement, and both sides have decided to continue their engagements to achieve early conclusion of a mutually beneficial trade pact, the Commerce Ministry said on Friday. Commerce and Industry Minister Piyush Goyal had led a delegation of officials to the US for the trade talks. The Indian delegation returned from the US on September 24 after holding three-day talks. The delegation held constructive meetings with the US government officials on various aspects of the deal, the ministry said in a statement. "Both sides exchanged views on possible contours of the deal, and it was decided to continue the engagements with a view to achieving early conclusion of a mutually beneficial Trade Agreement," it added. During the visit, the minister held meetings with United States Trade Representative Ambassador Jamieson Greer and US Ambassador-designate to India Sergio Gor. Apart from meetings with the US government representatives on bilateral trade matters.
Mumbai, July 19: Union Commerce Minister Piyush Goyal said on Saturday that the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will officially come into effect on October 1, that would facilitate the creation of 1 million direct jobs in India. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland. The landmark pact, signed on March 10, 2024, is likely to unlock huge foreign direct investment (FDI) and deepen trade and economic cooperation across several sectors. "India-EFTA TEPA to come into effect from 1st October," the m ...Read More >
New Delhi, Sep 12 (PTI) India and the European Union (EU) are now maximising their efforts to finalise negotiations for a proposed free trade agreement by the end of this year, with both sides stressing their commitment to a comprehensive and balanced pact to benefit businesses and consumers. The official team of India and the EU are engaged in the 13th round (September 8-12) of negotiations for the agreement here. EU Trade Commissioner Maros Sefcovic and the European Commission's Agriculture Commissioner Christophe Hansen are here to review the progress of talks with Commerce and Industry M ...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 >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
Mumbai, Sep 16 (PTI) The rupee appreciated 8 paise to close at 88.08 (provisional) against the US dollar on Tuesday, tracking US-India talks on the proposed trade agreement to iron out issues in the wake of steep Trump Tariffs. Forex traders said the rupee strengthened on positive domestic markets and a weak greenback, which is trading at a two-month low ahead of the two-day FOMC meeting commencing Tuesday and disappointing US economic data. At the interbank foreign exchange, the rupee opened at 88.05, then touched an intraday low of 88.16 and a high of 88.01 against the greenback. The domes ...Read More >
New Delhi: With the cent percent tariff imposed by the US on imports of branded and patented pharmaceutical drugs, starting October 1, 2025 across the board, including India, New Delhi on Friday did not react officially though, the government, however, is confident that India will continue to engage with the US officials even after the meeting held from September 22-24, and a decision to roll back -- either fully or partially -- on such 'hefty' tariff, especially on pharma products, is expected soon, a top source privy to development said. "We are not at all disturbed with the 'harsh' decisio ...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 >
Medak: Telangana State BJP President N. Ramchander Rao on Friday appealed to the people to give the committed party an opportunity to meet the aspirations of the poor and downtrodden. Addressing a large gathering of party workers in Medak, the BJP chief remarked that citizens have experienced the rule of the BRS and the Congress party and have had bitter experiences with the deceitful practices of both. He urged people to support the BJP wholeheartedly in the upcoming local body elections as a way to teach the ruling Congress party a lesson for its unfulfilled promises. Rao emphasized that t ...Read More >
Mumbai (Maharashtra) [India], July 19, (ANI): The India-EFTA Trade and Economic Partnership Agreement (TEPA) will come into effect from October 1, Union Commerce and Industry Minister Piyush Goyal announced on Saturday. All countries have now ratified. Lodged their document with the repository, which was Norway, and from first October, EFTA will come into effect, Union Commerce and Industry Minister said while addressing the session Creating Global Impact Towards Viksit Bharat, organised by ASSOCHAM in Mumbai. On 10 March 2024, Member States of the European Free Trade Association - Iceland, ...Read More >
NEW DELHI (Reuters) -India and the United States will hold trade talks in New Delhi on Tuesday, weeks after President Donald Trump imposed punitive tariffs on the South Asian nation's exports, slowing its overall shipments to a nine-month low in August. India and the United States will "fast-track" trade talks, Rajesh Agarwal, India's chief negotiator and a special secretary in its commerce ministry, told reporters at an event for the release of trade data, but gave no details. U.S. trade repre ...Read More >
India and the US are in crucial trade talks. New Delhi is firm on its stance regarding market access in agriculture. This includes GM crops and dairy. India hopes for a deal before July 9. After July 9, reciprocal tariffs from the US will take effect. India will not compromise the interests of its farmers.The India-US trade pact talks are at a crucial stage with New Delhi sticking to the red line on the issue of market access in agriculture, genetically modified (GM) crops, and dairy, people privy to the development said. However, efforts are on to stitch the trade deal before July 9, when 26 ...Read More >
New Delhi: With just 48 hours left for 90-day pause on US reciprocal tariffs to end, the much-anticipated bilateral trade agreement (BTA) between India and the US has reached a critical stage. According to two officials in the Indian commerce ministry and one in Washington, the agreement is unlikely to be finalized without direct political intervention to resolve some of the remaining sticky issues. "It's down to the wire. Unless there's political direction, the deal may not go through in time," said the first of the two Indian representatives cited above. "If all goes well, the deal will b ...Read More >
New Delhi [India], July 14 (ANI): Union Minister of Commerce and Industry Piyush Goyal on Monday said that India-US trade negotiations are going on, to come up with a win-win agreement for both nations. Speaking to reporters, Piyush Goyal said, 'Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win-win trade complementing agreement with the United States.' Goyal's statement comes in the backdrop of talks with the US to finalise a Bilateral Trade Agreement (BTA). India is making concrete progress toward finalising a Bilateral ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Union Commerce Minister Piyush Goyal said on Saturday that the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will officially come into effect on October 1, that would facilitate the creation of 1 million direct jobs in India. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland. The landmark pact, signed on March 10, 2024, is likely to unlock huge foreign direct investment (FDI) and deepen trade and economic cooperation across several sectors. "India-EFTA TEPA to come into effect from 1s ...Read More >
Union Commerce Minister Piyush Goyal on Saturday said that India will enter international trade agreements only if they serve the country's interests. Addressing the media during an event organised by leading industry chamber Assocham here, the minister said if India gets a good trade deal, it will go ahead with it. Goyal said that negotiations with the US are ongoing, adding that trade deals would materialise only if these are in the country's larger interests. "If it doesn't happen, we will n ...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 >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan Anand, his wife and their armed guards breached hospital security, physically assaulted staff, and thr ...Read More >
New Delhi [India], September 16 (ANI): Any progress on the India-US trade deal front largely hinges on Washington rolling back the Russian oil-linked additional 25 per cent duty on India, and no breakthrough is likely without it, India-based trade-focused think tank Global Trade Research Initiative (GTRI) has argued as both countries started talks on Tuesday. "Negotiations will remain slow unless Washington signals genuine flexibility," the GTRI report argued. It believes that there is no quick fix and India must prepare for a long haul. India and the United States are back at the negotiati ...Read More >
NEW DELHI: India will enter into a trade agreement with the US only if its interests are protected and it is able to sustain a tariff advantage over its competitors, while prioritising the interests of farmers, commerce and industry minister Piyush Goyal said Friday."India has never discussed any trade agreement or even a tranche of a trade agreement under any time pressure or under any duress. We have to take care of our national interests, we have to ensure that it's a fair deal which gives us a sustained preferential advantage over our competitors and if we get a good deal and we are able t ...Read More >
New Delhi, July 10 (SocialNews.XYZ) Commerce Minister Piyush Goyal on Thursday said he had a productive meeting with Tzafrul Aziz, Malaysian Minister of Investment, Trade and Industry, during which he discussed the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA). "Looking forward to fast-tracking discussions with ASEAN member states to ensure fair trade and balanced growth," Piyush Goyal said in a post on X. "We also held discussions on the Comprehensive Economic Cooperation Agreement (CECA) between both countries," the minister further stated. Malaysia is India's perman ...Read More >
New Delhi [India], July 17 (ANI): The Ministry of External Affairs on Thursday confirmed that approximately 1,563 Indian nationals have been deported from the United States since January 20, 2025, the day Donald Trump assumed office as US President for a second term. 'Since 20 January of this year, till yesterday, some 1563 Indian nationals have been deported from the United States so far. Most of these Indian nationals have come by commercial flight,' MEA spokesperson Randhir Jaiswal said during the weekly media briefing. Responding to a query on the arrest of an Indian national in Washingt ...Read More >
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wani and MLA Yudhvir Sethi during the visit, the chief minister was briefed in detail on the multi-phas ...Read More >
India and the U.S. will hold in-person trade discussions in New Delhi on August 27, aiming to address tensions stemming from U.S. tariffs on Indian exports. India and the United States are preparing to resume in-person trade discussions in New Delhi on August 27, marking a cautious step forward after months of friction triggered by US tariffs on Indian exports. The high-level talks come after President Donald Trump's decision to impose steep 50% tariffs on Indian goods -- including a 25% penal levy tied to New Delhi's continued purchases of discounted Russian oil. The move had strained bilat ...Read More >
New Delhi: India-US talks on trade issues are to begin today in New Delhi between Brandon Lynch from the United States and Rajesh Agarwal from India. Brandon Lynch is the Assistant US Trade Representative for South and Central Asia. He reached the Ministry of Commerce & Industry at Vanijya Bhawan in Delhi on Tuesday morning. The talks come amid the tensions of tariffs between India and the United States. Rajesh Agarwal is the chief Indian negotiator in the talks about the India-US Bilateral Trade Agreement (BTA). ...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 >
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 >
New Delhi, Jul 14 (PTI) The negotiations between India and the US for a proposed trade agreement are going at a fast pace, Commerce and Industry Minister Piyush Goyal said on Monday. The Indian team has reached Washington for the next round of talks on the first tranche of the bilateral trade agreement. Also Read | Prime Minister Narendra Modi Condoles Demise of Kota Srinivasa Rao Garu, Remembers Actor-Politician's 'Cinematic Brilliance' and 'Social Service' (See Post). "Negotiations are going on at a very fast pace and in the spirit of mutual cooperation so that we can come out with a win- ...Read More >
New Delhi: Negotiations with the US are going at a "very fast pace and in the spirit of mutual cooperation" to come out with a win-win trade complementing agreement, commerce and industry minister Piyush Goyal said Monday. His statement came amid Indian trade negotiators reaching Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin Monday, an official said. The four-day talks are likely to be held on all 19 chapters of the trade pact. Speaking on the sidelines of an event on One District One Product event, Goyal also said New Delhi will cont ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >