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MUMBAI (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 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 rate at 5.50% and decided to contin ...Read More >
India has this year given the green light to 10 semiconductor projects worth about $18 billion in total When Prime Minister Narendra Modi declared India's "late entry" into the global semiconductor race, he pinned hopes on pioneers such as Vellayan Subbiah to create a chip innovation hub. The chairman of CG Power, who oversees a newly commissioned semiconductor facility in western India, is seen as one of the early domestic champions of this strategic sector in the world's fastest-growing majo ...Read More >
Speaking at the curtain raiser event for the 30th CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu said Google will be building its biggest data centre after the US in Vishakhapatnam. Through "atmanirbharta", India is building supply chains to navigate through weaponisation of trade, Union Minister of Commerce and Industry Piyush Goyal said on September 30. Delivering the address at the curtain raiser event for the 30th CII Partnership Summit in New Delhi, Goyal said g ...Read More >
New Delhi: Gold prices on Tuesday climbed Rs 500 to touch record Rs 1.20 lakh per 10 grams in the national capital due to a weak dollar and expectations of further rate cuts by the US Federal Reserve. The silver prices increa-sed by Rs 500 to hit a new peak of Rs 1,50,500 per kilogram on Tuesday. It had surged Rs 7,000 to hit a fresh peak of Rs 1,50,000 per kg on Monday. According to All India Sarafa Association, the gold had rallied Rs 1,500 to close at Rs 1,19,500 per 10 grams on Monday. Gol ...Read More >
Mumbai: India Inc.'s credit profile has demonstrated remarkable resilience despite escalating global trade tensions and geopolitical uncertainties, according to data released by rating agency ICRA for the first half of the fiscal year 2026 (H1 FY2026).ICRA's rating actions during the period underscored the strength of corporate balance sheets and a supportive domestic economy. The agency recorded 214 rating upgrades against only 75 downgrades, resulting in a robust credit ratio of 2.9. This mark ...Read More >
MUMBAI: Global air cargo markets continued their positive trajectory in August 2025, with demand rising 4.1% year-on-year, marking the sixth consecutive month of growth, according to the latest data released by the International Air Transport Association (IATA). Total demand, measured in cargo tonne-kilometres (CTK), saw international operations rise even faster at 5.1%. Meanwhile, overall capacity, measured in available cargo tonne-kilometres (ACTK), kept pace with a 3.7% increase. "Air cargo d ...Read More >
New Delhi: The government on Tuesday extended a key export support measure-the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme-by six months till March 2026, providing relief to exporters facing strain due to higher US tariffs. The scheme was to end on September 30. The US is a key market for Indian exports. The Directorate General of Foreign Trade (DGFT), in a notification, said advance authorisation holders, export-oriented units and entities in special economic zones will ...Read More >
Mumbai, Sep 30: The rupee fell 5 paise to an all-time low of 88.80 against the US dollar on Tuesday, pressured by sustained foreign capital outflows amid global trade uncertainties. However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit, according to forex traders. The markets are also awaiting the Reserve Bank of India's (RBI's) Monetary Policy Committee decision, which will be announced on Wednesday. At the interbank fore ...Read More >
NEW DELHI: India is working on the principle of self-reliance and building value chains that will safeguard the country during difficult times when there is turbulence in global trade, Commerce and Industry Minister Piyush Goyal said at a CII event here on Tuesday. "We are building capabilities, supply chains, and value chains which can help us in difficult times, and ensure we will not be subjected to any weaponisation of trade and we will always be in a position to meet our international obli ...Read More >
Mumbai: The Indian rupee slipped to a fresh historic low of 88.79 (provisional) against the US dollar on Tuesday, pressured by continued foreign capital outflows and growing concerns over global trade tensions. At the interbank foreign exchange market, the rupee opened at 88.73 and traded in a tight range between 88.69 and 88.80 before settling at 88.79. This marked a 4 paise drop from the previous closing rate. On Monday, the rupee had already ended lower by 3 paise at 88.75 per dollar. Accor ...Read More >
Mumbai, Sep 30 (PTI) The rupee fell 4 paise to an all-time low of 88.79 (provisional) against the US dollar on Tuesday, pressured by sustained foreign capital outflows amid global trade uncertainties. However, a steep fall in global crude oil prices, along with a weaker greenback, prevented a sharp decline in the local unit, according to forex traders. The markets are also awaiting the Reserve Bank of India's (RBI's) Monetary Policy Committee decision, which will be announced on Wednesday. At ...Read More >
The Asian Development Bank (ADB) on Tuesday lowered its growth forecast for the current financial year by 20 basis points (bps) to 6.5 per cent, citing steep tariff hikes by the US that are expected to come into effect in the second half of FY26, thus affecting exports and manufacturing growth. "India faces the steepest tariff hikes among developing Asian economies, prompting a downgrade in its growth outlook. For FY2025 [ending on 31 March of the next year], growth is now projected at 6.5 per ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) The Asian Development Bank (ADB) on Tuesday projected India's growth at 6.5 per cent for 2025 (FY26) and 2026 (FY27), as it trimmed its growth outlook for developing Asia and the Pacific by 0.1 and 0.2 percentage points for this year and next, respectively, amid the emergence of a new global trade environment shaped by tariffs and updated trade agreements. India's GDP grew 7.6 per cent in H1 2025, as higher investment from strong public capital spending, offse ...Read More >
UPITS 2025, the Uttar Pradesh International Trade Show, has emerged as a game-changer for women entrepreneurs, offering them a platform to gain confidence, secure international deals, and showcase their brands globally. Under the leadership of Chief Minister Yogi Adityanath, the state government has implemented women-centric policies and simplified business procedures, making Uttar Pradesh a hub for trade and investment. Entrepreneurs from cities like Kanpur, Delhi-NCR, and Greater Noida have s ...Read More >
New Delhi [India], September 29 (ANI): The Indian Institute of Foreign Trade (IIFT) inaugurated the International Trade Negotiations Program for officials of the Department of Commerce (DOC) today. Organised by IIFT's Centre for International Negotiations (CIN), the program is designed to strengthen the negotiation skills of government officials and bolster India's global trade engagement, the Ministry of Commerce and Industry said. Commerce Secretary, Sunil Barthwal, graced the occasion as Chi ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 3 paise at 88.75 against the US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meeting outcome on October 1, is expected to ...Read More >
Greater Noida (Uttar Pradesh) [India], September 29 (ANI): Commerce and Industry Minister Piyush Goyal has said Uttar Pradesh is becoming a global centre for investment, innovation, and exports. Also Read | Canada Government Declares Bishnoi Gang Led by Gangster Lawrence Bishnoi As Terrorist Organisation. Speaking at the third UP International Trade Show, he said the event is a strong platform for Uttar Pradesh's self-reliance and prosperity. He also said India is holding negotiations for Fre ...Read More >
India announced railway connectivity to Bhutan's Gelephu and Samtse, significantly strengthening bilateral ties. Union Minister Ashwini Vaishnaw and Foreign Secretary Vikram Misri highlighted the exceptional trust and deep-rooted cultural and security interests shared between the nations. This move follows recent high-level exchanges, including PM Modi's award in Bhutan. In a significant boost to India-Bhutan relations, Union Minister Ashwini Vaishnaw, along with Foreign Secretary Vikram Misri, ...Read More >
Greater Noida (Uttar Pradesh) [India], September 29 (ANI): Commerce and Industry Minister Piyush Goyal has said Uttar Pradesh is becoming a global centre for investment, innovation, and exports. Speaking at the third UP International Trade Show, he said the event is a strong platform for Uttar Pradesh's self-reliance and prosperity. He also said India is holding negotiations for Free Trade Agreements (FTA) with several countries of the world, and the country is on the way to becoming the third ...Read More >
India's Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) countries -- Switzerland, Liechtenstein, Norway and Iceland -- will officially come into effect from 1 October 2025, Union Minister of Commerce and Industry Piyush Goyal announced on Monday. Speaking at the valedictory session of the UP International Trade Show, Goyal said the deal, which was finalised in March 2024, marks another major step in India's global trade strategy. "Free Trade Agreement (FTA) with the ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The Directorate General of Foreign Trade (DGFT), an authority under the Ministry of Commerce and Industry, on Monday hosted an outreach programme on the recently concluded India-UK comprehensive economic and trade agreement (CETA). Chairing the programme at Bharat Mandapam here, Ajay Bhadoo, director general of foreign trade and additional secretary in the Ministry of Commerce and Industry, underlined the strategic significance of CETA in expanding India's foo ...Read More >
Greater Noida: The third edition of the Uttar Pradesh International Trade Show (UPITS), held at the India Expo Mart, concluded on Monday with grandeur and enthusiasm. Cabinet Ministers Rakesh Sachan and Nand Gopal Gupta 'Nandi' delivered keynote addresses at the closing ceremony, hailing the event as a historic milestone for the state. Rakesh Sachan highlighted that, under the leadership of Prime Minister Narendra Modi and Chief Minister Yogi Adityanath, Uttar Pradesh became the first state in ...Read More >
New Delhi, Sep 29 (PTI) The National Biodiversity Authority (NBA) under the Environment Ministry has sanctioned Rs 82 lakh to the Andhra Pradesh Biodiversity Board for conservation of Red Sanders, a highly valued and endemic tree species of the Eastern Ghats. The amount will be used to raise one lakh saplings of Red Sanders, which will be supplied to farmers under the Trees Outside Forests programme, the ministry said in a statement. The funds have been released under the Access and Benefit Sh ...Read More >
New Delhi [India], September 29 (ANI): India and Bhutan are set to strengthen connectivity with the launch of the first-ever rail link projects between the two countries, marking a significant step in their bilateral partnership. According to official details, two major projects have been cleared: the Kokrajhar-Gelephu new line and the Banarhat-Samtse new line. The Kokrajhar-Gelephu line, with an investment of ₹3,456 crore, will connect Assam Kokrajhar and Chirang districts with Bhutan Sarpang ...Read More >
New Delhi [India], September 29 (ANI): India and Bhutan are set to strengthen connectivity with the launch of the first-ever rail link projects between the two countries, marking a significant step in their bilateral partnership. According to official details, two major projects have been cleared: the Kokrajhar-Gelephu new line and the Banarhat-Samtse new line. The Kokrajhar-Gelephu line, with an investment of ₹3,456 crore, will connect Assam's Kokrajhar and Chirang districts with Bhutan's Sar ...Read More >
Mumbai, Sep 29 (PTI) Rupee consolidated in a narrow range and settled for the day lower by 7 paise at its all-time closing low of 88.79 (provisional) against US dollar on Monday, on persistent foreign capital outflows and rise in risk-off sentiments. Forex traders said rupee is hovering near its all-time low level as investors remained concerned over global trade uncertainties and impact of US visa fee hike on India's IT services exports. Moreover, the Reserve Bank of India (RBI) policy meetin ...Read More >
New Delhi, Sep 28: With the two-year anniversary of the Israel-Hamas conflict just over a week away, fears are mounting that the conflict may drag into a third year. More than 35 people were killed in Israeli strikes and gunfire since the early hours of Saturday, Gazal officials said. A strike on a house in central Gaza killed at least 11 people, more than half of them women and children, while nine members of a single family died in another strike on the Nuseirat refugee camp, reports BBC. At ...Read More >
Lucknow (Uttar Pradesh) [India], September 27 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Saturday took a veiled dig at the Samajwadi Party in the state and accused it of "family and caste based politics" and alleged that the state was made "bimar" (weak). "Everyone knows how Uttar Pradesh's development was halted because of family (dynastic) and caste based (casteist) politics, how rioting destroyed the businesses in Uttar Pradesh, how the corrupt system made the bureaucracy handica ...Read More >
Lucknow (Uttar Pradesh) [India], September 27 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Saturday took a veiled dig at the Samajwadi Party in the state and accused it of family and caste based politics and alleged that the state was made bimar (weak). Everyone knows how Uttar Pradesh development was halted because of family (dynastic) and caste based (casteist) politics, how rioting destroyed the businesses in Uttar Pradesh, how the corrupt system made the bureaucracy handicapped, a ...Read More >
U.S. Presses India: Cut Russian Oil Imports or Watch Trade Deal Slip Away Washington is making it clear to New Delhi: any path forward on a U.S.-India trade deal runs through Russia's oil fields. In recent talks, U.S. trade negotiators told Indian counterparts that curbing purchases of Russian crude is critical to lowering America's punitive tariffs and unlocking a deal, sources told Reuters on Friday. India is pushing back. Commerce Minister Piyush Goyal called the negotiations "constructive, ...Read More >
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