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WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners. A punitive 25% tariff, imposed due to India's purchases of Russian oil, was added to Trump's prior 25% tariff on many imports from the South Asian nation. It takes total duties as high as 50% for goods as var ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
New Delhi: Aam Aadmi Party (AAP) national convenor and former Delhi Chief Minister Arvind Kejriwal on Thursday accused the Centre of betraying farmers by removing the 11 per cent import duty on cotton, alleging that the move was taken under pressure from the US. Kejriwal said the decision would render domestic farmers uncompetitive, as US cotton would now be available Rs 15-20 cheaper per kg than Indian cotton. He claimed that India's textile industry will procure cheaper imports before October ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chie ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri wrote to Prime Minister Narendra Modi on Thursday expressing support for the government's efforts to protect farmers, dairy, and fishermen amid trade pressures from the United States. Though AEPC expressed concern over the US' imposition of 50 per cent tariffs on Indian imports, which it believed will impact the competitiveness of India's textile and apparel industry, it lauded the government for " ...Read More >
The reciprocal tariff does pose challenges, but the overlooked transshipment clause alters the competitive landscape, blunting some of the damage and might even create opportunities in some areas The ongoing trade conflict between the United States and India has escalated with Washington's decision to levy a 25 per cent reciprocal tariff on Indian exports effective August 7, followed by an additional 25 per cent tariff linked to India's purchases of Russian oil, effective August 27. The tariffs ...Read More >
Indian ready-made garment (RMG) industry revenue growth is projected to slow significantly due to the US imposing 50% tariffs on imports from India starting August 27, 2025. Crisil's analysis indicates a decline in profitability and weakened credit metrics for RMG exporters, particularly those heavily reliant on the US market. An analysis of over 120 ready-made garment (RMG) makers with a total revenue of Rs 45,000 crore by Crisil has shown that the revenue growth of the country's RMG industry ...Read More >
Trump India Tariffs Impact: US 50% tariffs on Indian exports take effect tomorrow, targeting textiles, seafood, gems, jewellery, and leather. Analysts warn the move could threaten millions of jobs and shave 0.5% off India's GDP. Back in his first term, Donald Trump had first called India as the "tariff king." Now, in his second stint in the White House, he has repeated that often and is now bringing the 50 per cent tariff hit for New Delhi. The order, Executive Order 14329, links the penalty to ...Read More >
New Delhi: Maruti Suzuki India Ltd on Tuesday started the production of its electric sports utility vehicle (SUV) e-Vitara for exports to 100 countries from its Gujarat factory, marking the beginning of its EV push that contrasts with strategies of its domestic rivals. While Tata and Mahindra began their EV journey by first boosting sales in the domestic market, Maruti Suzuki is producing these cars majorly for exports, with its Japanese parent looking to test its mettle in the global EV market ...Read More >
New Delhi [India], August 26 (ANI): The revenue growth of India's readymade garment (RMG) industry is expected to slow sharply to 3-5 per cent this fiscal, nearly halving from last year's levels, according to a report by Crisil Ratings. The report added that that will impact the credit indicators for industry participants, as well as a drop in profitability. The impact will vary by company, some of which get more than 40 per cent of their revenue from the US, the report added, based on the ana ...Read More >
Apex exporters body FIEO raises alarm over rising US tariffs. Indian goods face increased duties from August 27, 2025. Textile manufacturers in Tirupur, Noida, and Surat have stopped production. Cost competitiveness is worsening. FIEO urges government support. They seek interest subvention schemes and export credit. Focus is on MSMEs. Diplomatic engagement with the US is crucial. Apex exporters body FIEO on Tuesday expressed serious concerns over high US tariffs on Indian goods and said that te ...Read More >
MUMBAI/NEW DELHI, Aug 26 (Reuters) - Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as punishment for New Delhi's purchases of Russian oil. The new duties will ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
New Delhi: Starting August 27, Indian exporters face a tough blow as the US slaps steep 50 percent tariffs on close to $60.2 billion worth of goods, covering two-thirds of India's approximately 86.5 billion exports to America. According to a report of the Global Trade Research Initiative (GTRI) labour-intensive industries like textiles, gems and seafood are bracing for up to a 70 percent collapse in shipments, threatening jobs and livelihoods. The report also suggests that some relief remains, ...Read More >
Mumbai, Aug 26 (PTI) India's readymade garment industry's revenue growth is expected to almost halve to 3-5 per cent this financial year, as the US imposes 50 per cent tariffs on its imports from India, which will become effective from August 27, 2025, a report said on Tuesday. Readymade garment (RMG) exports totalled USD 16 billion last fiscal, which accounted for 27 per cent of the sector's total revenue, Crisil Ratings said in a report. A third of the exports were to the US, and the 50 per ...Read More >
Mumbai: Revenue growth of the domestic readymade garment (RMG) industry is projected to slow to 3-5% this fiscal year, after the US imposed a steep 50% duty on India's imports to the world's largest economy. The tariffs, which take effect from Wednesday, could crimp profitability of garment makers, likely straining their financial health, according to a note from ratings agency Crisil released on Tuesday. The impact will vary, hitting some firms harder than the others, especially those that ge ...Read More >
New Delhi, August 26: The Federation of Indian Export Organisations (FIEO) on Thursday expressed grave concern over the US government's imposition of an additional 25 per cent tariff on Indian-origin goods, raising total duties on many export categories up to 50 per cent, with effect from Friday. FIEO President S.C. Ralhan described the development as a "setback". He said that the duty hike can severely impact India's exports to the US, with approximately 55 per cent of India's US-bound shipment ...Read More >
New Delhi [India], August 26 (ANI): The revenue growth of India's readymade garment (RMG) industry is expected to slow sharply to 3-5 per cent this fiscal, nearly halving from last year's levels, according to a report by Crisil Ratings. The report added that that will impact the credit indicators for industry participants, as well as a drop in profitability. The impact will vary by company, some of which get more than 40 per cent of their revenue from the US, the report added, based on the ana ...Read More >
NEW DELHI: A Public Interest Litigation (PIL) has been filed in the Supreme Court against the nationwide rollout of 20% Ethanol Blended Petrol (E20), claiming that millions of motorists are being forced to use fuel their vehicles are not designed for.The plea, filed by advocate Akshay, has sought directions to the Ministry of Petroleum & Natural Gas to ensure ethanol-free petrol (E0) is made available at all fuel stations across the country.The PIL argues that cars and two-wheelers manufactured ...Read More >
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat on Wednesday said. Addressing a press conference in the national capital, Russian Deputy Chief of Mission Roman Babushkin said the US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral". "..If Indian goods are facing difficulties entering the US market, the Russian market is welcoming Indian exports....," he said. "The sa ...Read More >
New Delhi, Aug 21 (PTI) India is neither the biggest purchaser of Russian oil nor it has the biggest trade surge with Moscow after 2022, External Affairs Minister S Jaishankar said on Thursday, in what appears to be the first clear response by a top government functionary following the US slapping an additional 25 per cent tariff on Indian goods for buying Russian oil. Jaishankar made the remarks in response to a question at a joint media briefing with Russian Foreign Minister Sergey Lavrov. " ...Read More >
Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to New Delhi's increased purchases of Russian oil. Western countries boycotting Russian crude say India's purchases are helping to fund Moscow's war in Ukraine. But New Delhi says its purchases are purely commercial transactions, and accuses the U.S. and European Union of double standards, noting that they continue significant trade with Moscow themselves. "We have good results in cooperation i ...Read More >
Moscow: India is "very perplexed" at the logic of the US argument in imposing an additional 25% tariff for buying oil from Russia. "We are not the biggest purchasers of Russian oil, that is China. We are not the biggest purchasers of LNG, that is the European Union. We are not the country which has the biggest trade surge with Russia after 2022; I think there are some countries to the south," External Affairs Minister S Jaishankar said during a joint press briefing in Moscow on Thursday, after ...Read More >
NEW DELHI, Aug 20 (Reuters) - Russia will continue supplying oil to India and the country's President Vladimir Putin will meet India's Prime Minister Narendra Modi in New Delhi by the end of year, a Russian embassy official in India said on Wednesday. Russia has a "very, very special mechanism" to continue oil supplies to India, Roman Babushkin, the charge d'affaires at the Russian embassy in India, told reporters at a press briefing, adding that India's crude oil imports from Russia will remai ...Read More >
NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy said on Thursday it was talking to government authorities and partners to maintain operational stability of its 400,000 barrels per day refinery and fuel supplies despite EU sanctions hurting the supply chain. The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil. The private company sells about 70% of its refine ...Read More >
Thiruvananthapuram, Aug 14 (SocialNews.XYZ) The Akhil Bharatiya Vidyarthi Parishad (ABVP) on Thursday observed Partition Horrors Remembrance Day across multiple college campuses in Kerala, despite a directive from the CPI-M-led state government prohibiting the commemoration. The day marks the anniversary of the 1947 division of India and Pakistan along communal lines, which resulted in mass displacement, violence, and suffering. ABVP said the initiative aimed to bring to light the "traumatic a ...Read More >
Mumbai: Consumerware products manufacturer All Time Plastics Ltd made a strong debut on the stock exchanges on Thursday, with its shares listing at a premium of over 14 percent against the issue price of Rs 275. On the Bombay Stock Exchange (BSE), the stock opened at Rs 314.30, reflecting a 14.29 percent gain. It later rose further to Rs 322.15, marking a 17.14 percent surge. At the National Stock Exchange (NSE), the shares listed at Rs 311.30, up 13.2 percent from the IPO price, giving the comp ...Read More >
Dispur (Assam) [India], August 14 (ANI): The Assam Cabinet, led by Chief Minister Himanta Biswa Sarma, has taken a key decision, including amending building byelaws to ensure ease of doing business. Procurement of 500 MW power, approval of 1500 MV pumped storage project and approving financial sanction of the remaining amount of Rs. 375 crores for the continuation of Ayushman Asom Yojna to provide free medical treatment to the beneficiaries were among the key decisions taken in the meeting. Al ...Read More >
NEW DELHI: TDK Corporation has announced that its corporate venture capital arm, TDK Ventures, Inc., has invested $21 million in Ultraviolette, a Bangalore-based innovator in high-performance electric motorcycles. The funding, part of Ultraviolette's latest investment round, underscores TDK Ventures' commitment to advancing sustainable mobility worldwide. India's electric two-wheeler market presents a massive opportunity to cut emissions and deliver cleaner urban transport. While electric scoot ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many cl ...Read More >
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