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New Delhi: The United States has trapped the world in a complex web of tariffs. For India, the only effective way to break through this maze is a bilateral trade deal with Washington. Talks on such an agreement have recently gained momentum. A senior Indian delegation is travelling to America this week to advance negotiations that began in February. "The Indian team will visit this week," said an official close to the development. This visit marks the next step in a series of discussions aimed ...Read More >
Mumbai, Oct 15 (PTI) Global shipping and logistics operator CMA CGM Group on Wednesday said it has signed a letter of intent for six LNG-powered containerships to be built at Cochin Shipyard Limited (CSL) in line with its fleet renewal and energy transition strategy. This strategic move makes the Group the first major foreign carrier to commission LNG vessels from an Indian shipyard, the company said, adding that the containerships will be delivered from 2029 to 2031. All six vessels will be r ...Read More >
New Delhi, Oct 14 (SocialNews.XYZ) Union Minister Pralhad Joshi on Tuesday said the government is harmonising the scope of Quality Control Orders (QCOs) for mandatory certification to curb the circulation of substandard goods while being considerate towards the requirements of the domestic MSME sector. More than 22,300 standards are currently in force and 94 per cent of Indian standards have been harmonised with ISO (International Organization for Standardization) and IEC (International Electro ...Read More >
Apple has achieved a record $10 billion in iPhone exports from India in the first six months of the fiscal year, marking a 75% increase. This surge is attributed to expanded production with two new factories and the global rollout of all iPhone models from India at launch. New Delhi: Apple has clocked a record $10 billion (about ₹88,730 crore, current currency conversion) worth of iPhone exports from India in the first six months of this fiscal, up 75% from $5.71 billion in the year-ago period ...Read More >
Mumbai: Commerce and Industry Minister Piyush Goyal on Wednesday said that no power on earth can stop India from becoming a developed nation by 2047, with the government taking a series of initiatives to promote the domestic economy, build infrastructure and expand global trade. Speaking at the 6th edition of the Global Fintech Fest (GFF) 2025 here, the Minister also said that the world now looks upon India with trust and confidence as the country guarantees high-quality talent, skill, goods an ...Read More >
Mumbai, October 7: With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." IMC 2025 on October 8: PM Narendra Modi to Inaugurate ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." She further informed that the FCSS will ...Read More >
New Delhi: NITI Aayog CEO BVR Subrahmanyam expressed optimism on Monday that a trade agreement would be reached between India and the United States soon, as both nations were dedicated to forging a mutually beneficial trade agreement. Subrahmanyam also stated that India must reduce tariffs and non-tariff barriers and open up to markets, to become more competitive in manufacturing. "So the good thing is both sides are still committed to having a trade deal. So negotiations happened last month, ...Read More >
A new study reveals Indian exports make factories greener. Companies become more energy efficient after entering global markets. This happens largely by adopting advanced technologies. The research challenges the idea that trade harms the environment. It shows international trade drives green growth. This helps India meet climate goals and creates jobs for many. Exports not only boost business growth but also make Indian factories greener, a study by the Indian Institute of Management (IIM), Lu ...Read More >
New Delhi, Oct 6 (SocialNews.XYZ) Gold prices touched a new record high on Monday, crossing the $3,900 per ounce mark, as investors rushed to the safe-haven asset amid fears of a prolonged US government shutdown and expectations of more rate cuts by the Federal Reserve. Spot gold rose 0.4 per cent to $3,900.40 per ounce in early Asian trade after briefly hitting an all-time high of $3,919.59. US gold futures for December delivery also gained 0.5 per cent to $3,926.80. The rally in gold came as ...Read More >
New Delhi: Gold prices fell by Rs 500 to Rs 1,20,600 per 10 grams in the national capital on Friday, ending a five-day record-extending rally, as investors booked profits and a slight recovery in the US dollar weighed on sentiment. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had rallied Rs 1,100 to hit an all-time high of Rs 1,21,100 per 10 grams on Wednesday. Gold of 99.5 per cent purity also retreated from its peak, slipping Rs 500 to Rs 1,20,000 p ...Read More >
The Finance Ministry has launched a detailed inquiry into corruption allegations against Chennai Customs by Wintrack Inc., an import company that shut down its business citing harassment and bribe demands. A senior officer will conduct a factual examination, while the CBIC claims the issue involves misdeclaration by the importer. The government assures serious action. New Delhi: Amid allegations of corruption levelled against Chennai Customs by Wintrack Inc, the Finance Ministry on Thursday sai ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
Nagpur, Oct 2 (PTI) RSS chief Mohan Bhagwat on Thursday said the world is eagerly looking for solutions rooted in Bharatiya philosophy, while intellectuals in India are exploring development models drawn from the country's worldview rather than following prevailing global templates. Addressing the Rashtriya Swayamsevak Sangh's annual Vijayadashmi rally at Reshimbagh here, he said that scientific progress and greater interconnectedness between countries due to communication and global trade pres ...Read More >
Nagpur, Oct 12 (PTI) RSS chief Mohan Bhagwat on Thursday linked the unrest in India's neighbourhood to a disconnect between governments and societies and the lack of able administrators, cautioning that forces wanting to create such disturbances in Bharat are active inside as well as outside the country. He advocated 'swadeshi' (use of indigenous resources) and 'swavalamban' (self-reliance), stressing that international trade and economic relations should be on India's terms and not out of comp ...Read More >
New Delhi, Oct 1 (PTI) India will not only attract USD 100 billion committed investments from the four-nation EFTA bloc under a trade agreement, but also look at an additional USD 150 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that huge opportunities are there for companies from these four countries to invest in India. Under the India-EFTA trade and economic partnership agreement (TEPA), New Delhi has received a commitment of USD 100 billion FDI from EFTA o ...Read More >
Rajesh Agrawal assumed charge as Secretary, Department of Commerce, on Wednesday. He succeeded Sunil Barthwal, who retired September 30. Agrawal has three decades of experience in governance. He previously oversaw India's trade negotiations with various countries. He was chief negotiator for the India-US Bilateral Trade Agreement. He also managed export promotion for agriculture and allied sectors. Senior IAS officer Rajesh Agrawal on Wednesday assumed charge as Secretary, Department of Commerc ...Read More >
MUMBAI - India has raised the price at which it will buy new-season wheat from domestic farmers by 160 rupees ($1.80) or 6.6% to encourage growers to expand acreage and boost supplies in the world's second-biggest producer of the grain. The revised purchase price of 2,585 rupees ($29.15) per 100 kg for 2026 compares with 2,425 a year earlier, Minister for Information Technology Ashwini Vaishnaw told a news conference after a meeting of Prime Minister Narendra Modi's cabinet. India sets a price ...Read More >
New Delhi: With export diversification at the top of India's trade agenda, commerce and industry minister Piyush Goyal is set to embark on a three-nation tour in October -- Singapore, Qatar and South Africa -- to push Indian goods into new markets and also advance talks on the long-pending India-European Union (EU) free trade agreement on the sidelines, two senior government officials said. Goyal will travel to Singapore in the first week of the month, followed by Qatar, and then South Africa f ...Read More >
London [UK], October 1: The historic House of Lords, London, will host Bali Jatra UK 2025 on 14th November 2025, marking a landmark occasion that brings one of the world largest cultural festivals to Britain corridors of democracy. The ancient maritime festival of Odisha, Bali Jatra, is poised to enter the global spotlight as it makes its historic debut in the British Parliament this November. For the first time, the centuries-old celebration will open at the House of Lords on 14 November, with ...Read More >
New Delhi: With the RBI choosing to keep the repo rate steady at 5.5 percent, there's a mix of relief and realism across industries. For homebuyers, it means no change in EMIs is a kind of welcome sign, especially during the festive season. But real estate experts caution that this alone won't solve deeper affordability issues. On the other hand exporters, particularly small engineering firms are feeling the squeeze from global trade tensions and are calling for more support. From cement GST cut ...Read More >
New Delhi: RBI governor Sanjay Malhotra on Wednesday cautioned that the US-imposed 50% tariffs on Indian exports will weigh on India's growth momentum, even as he expressed confidence in the economy's resilience. Presenting the monetary policy review, he said growth in the second half of FY2025-26 could decelerate due to global trade uncertainties, though domestic factors will cushion the impact. Tariff And Trade Risks Malhotra highlighted that 25% of the tariffs are 'reciprocal' while another ...Read More >
Mumbai, October 1: The Reserve Bank of India (RBI) on Wednesday announced more measures to facilitate wider use of the Indian Rupee and local currencies in international trade transactions. "For months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for global trade, finance, and investment. We have been making steady progress in this regard," RBI Governor Sanjay Malhotra said. As a calib ...Read More >
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced more measures to facilitate wider use of the Indian Rupee and local currencies in international trade transactions. "For months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for global trade, finance, and investment. We have been making steady progress in this regard, " RBI Governor Sanjay Malhotra said. As a calibrated ste ...Read More >
New Delhi: The Reserve Bank of India (RBI), on Wednesday, announced several measures to help exporters tide over challenges posed by the imposition of 50% tariffs by the US. These include reduced paperwork and compliance burden for small exporters and importers. "The export sector is a vital part of India's economy," RBI governor Sanjay Malhotra said while announcing steps to further strengthen the sector and enhance ease of doing business for traders. Extension of the time period for repatria ...Read More >
Mumbai, Oct 1 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday announced more measures to facilitate wider use of the Indian Rupee and local currencies in international trade transactions. "For months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for global trade, finance, and investment. We have been making steady progress in this regard," RBI Governor Sanjay Malhotra said ...Read More >
New Delhi [India], October 1 (ANI): With good monsoon and GST rate rationalization, the Reserve Bank of India (RBI) has revised the growth projections for FY 26 upwards. The gross domestic product (GDP) growth forecast for FY26 has been revised upward to 6.8 per cent, with quarterly estimates of 7 per cent in Q2 as against 6.7 per cent announced earlier, 6.4 per cent in Q3 as compared to 6.6 per cent earlier, and 6.2 per cent in Q4 as against 6.3 per cent projected earlier. Growth for Q1 of th ...Read More >
MUMBAI, Oct 1 (Reuters) - The Reserve Bank of India (RBI) kept its key repo rate unchanged at 5.50% on Wednesday, in line with market expectations, as it evaluates the impact of earlier rate cuts and recent tax reductions amid global trade uncertainties. The central bank had cut the repo rate (INREPO=ECI), opens new tab by a total of 100 basis points in the first half of 2025, but paused at its previous meeting in August. The six-member rate-setting panel voted unanimously to keep the key repo ...Read More >
The rupee rose 3 paise to 88.72 against the US dollar, buoyed by falling crude oil prices and positive domestic equity markets, though FII outflows limited sharper gains. Markets are now awaiting the RBI's policy decision on Wednesday, amidst geopolitical tensions and the US imposing 100% tariffs on Indian branded drugs, with exemptions for US-based manufacturing. The rupee rose 3 paise to 88.72 against the US dollar in early trade on Tuesday on the back of a fall in crude oil prices and positi ...Read More >
The BSE Sensex and NSE Nifty have declined more than 3% each in the past seven sessions. (Image used for representational purposes) Foreign institutional investors (FIIs) have been selling aggressively this year, offloading over Rs 2 lakh crore in equities, including Rs 33,000 crore just in September. By September 26, their total sell-off in the cash market reached nearly Rs 2 lakh crore. Last week alone, FIIs sold shares worth Rs 19,550 crore and continued as net sellers on Monday with Rs 2,80 ...Read More >
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