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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 >
NEW DELHI, SEPT 27: India's food processing sector received strong support from global and domestic investors as the World Food India 2025 summit, organized by the Ministry of Food Processing Industries (MoFPI), surpassed ₹1 lakh crore in Memorandum of Understandings (MoUs) by the end of Day 2. The event, held at Bharat Mandapam, reinforced India's image as a place ready for investment. It featured numerous deals and discussions on technology, sustainability, and international trade. Investmen ...Read More >
More than two in five multinational companies (MNCs) are planning to increase their trade and manufacturing operations in India, according to a recent report, "Future of Trade: Resilience" by Standard Chartered. The bank attributes this interest to India's status as "the world's most populous market and one of the fastest-growing large economies," highlighting the country's appeal to global businesses. The report underscores India's growing prominence as a hub for multinational investment, driv ...Read More >
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," but New Delhi is making room for strategic wiggle; officials have floated ...Read More >
Highlights: Two Indian nationals, Sadiq Abbas Habib Sayyed and... * NATO Secretary-General Mark Rutte says US tariffs on Indian goods are affecting Russia. * India reportedly seeking clarity from President Putin on Moscow's Ukraine strategy. * Trump has accused India of indirectly supporting Russia's war through oil purchases. * Prime Minister Modi and Putin last spoke on September 17, reaffirming support for a peaceful resolution. * India-US trade talks are ongoing, with both sides optimis ...Read More >
Panaji, Sep 26 (PTI) Former ambassador V S Seshadri has said unpredictability in tariff policies and unilateral measures by the United States coupled with China's "bid for economic supremacy and technological dominance" as well as widening geopolitical rifts have created turbulence in the global trading system. Delivering a lecture on 'International Trade Law: Challenges and Outlook' at the India International University of Legal Education and Research (IIULER) here on Thursday, he said these d ...Read More >
New Delhi, Sep 23 (SocialNews.XYZ) India continued to pursue pragmatic solutions to the challenges posed by the current world trade order. New Delhi exhibited patience, resilience while resorting to appropriate and opportune diplomatic interventions. Monday's twin meetings in the United States underscore such attempts. In Washington, Commerce and Industries Minister Piyush Goyal's trade engagement focused on the resumption of trade talks. Meanwhile, in New York, the same day, External Affairs ...Read More >
New Delhi, Sep 23 (SocialNews.XYZ) The Organization for Economic Cooperation and Development (OECD) on Tuesday raised India's GDP growth by 40 bps to 6.7 per cent in 2025 from its earlier projection of 6.3 per cent in June -- driven by strong domestic demand and robust GST reforms. The OECD's latest 'World Economic Outlook' mentioned that in India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to be supported by monetary and fiscal policy easing, "incl ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ) Gold prices reached record high on Tuesday, surpassing the Rs 1,10,000 mark due to increased safe-haven demand amid global geopolitical tensions and anticipation of a US Federal Reserve rate cut this week. In India, the price of 24-carat gold per gram was at Rs 10,951 as of 10.17 am, according to data published by the India Bullion and Jewellers Association (IBJA). Earlier in the day, prices had reached as high as Rs 1,10,650 per 10 gm, an increase from Rs 1, ...Read More >
NEW DELHI, Sept 15 (Reuters) - Russian-backed Indian refiner Nayara Energy is seeking Indian government help to source equipment and materials needed for maintenance as European Union sanctions make it difficult to secure key items, three people familiar with the matter said. The private refiner has approached the Centre for High Technology, an advisory body under India's oil ministry, seeking assistance in sourcing specialised equipment, catalysts, and other raw materials, the sources said. N ...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 ...Read More >
Cloudburst in Dehradun News: Dehradun experienced cloudbursts in Sahastradhara, leading to swollen rivers and damaged shops. Chief Minister Pushkar Singh Dhami reported rescue operations by police and SDRF. In Rishikesh, the Chandrabhaga river overflowed due to heavy rainfall, flooding the highway and trapping vehicles. SDRF successfully rescued three people stranded in the river, ensuring their safety. The local administration is monitoring the situation. ...Read More >
Bengaluru: Karnataka has secured investment commitments worth over ₹4,000 crore from Japanese companies following Minister for Large and Medium Industries MB Patil's recent visit to Japan. Speaking to the media at his residence on Monday, Patil said this was his second visit to Japan aimed at attracting investments. "Japanese investors are known for their cautious and long-term decision-making. Nearly 50% of Japanese companies in India are already based in Karnataka. During my earlier visit to ...Read More >
New Delhi [India], September 15 (ANI): The Supreme Court on Monday noted that multiple inquiries into the affairs of Vantara, the animal rescue and rehabilitation centre, have led to the finding that there has been no violation of law whatsoever. A bench of Justices Pankaj Mithal and Prasanna B Varale found that there is no merit in the allegations of smuggling of animals or money laundering against the Jamnagar-based facility, owned and operated by the Reliance Foundation. The Court's observa ...Read More >
Mumbai, Sep 15 (PTI) The rupee witnessed range-bound trading and settled higher by 10 paise at 88.16 against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a high of 88.13 ag ...Read More >
New Delhi, Sep 15 (PTI) The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), PTI had reported citing sources last month. The mission, if approved, can help insulate domestic exporters from ...Read More >
New Delhi, Sep 15 (PTI) The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), PTI had reported citing sources last month. The mission, if approved, can help insulate domestic exporters from ...Read More >
New Delhi, Sep 15 (PTI) The Supreme Court on Monday noted that a special investigation team (SIT) it appointed to look into the affairs of Vantara had given a clean chit to the zoological rescue and rehabilitation centre in Gujarat's Jamnagar. A bench of Justices Pankaj Mithal and P B Varale took the SIT's report on record and observed the probe team's satisfaction on the compliance and regulatory measures in Vantara. The top court on August 25 constituted a four-member SIT headed by a former ...Read More >
Mumbai, Sep 15 (PTI) The rupee witnessed range-bound trading and settled higher by 6 paise at 88.20 (provisional) against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a FED rate cut. Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit. At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a hig ...Read More >
Mumbai (Maharashtra) [India], September 15: Patel Retail Limited has secured an export order worth ₹22 crore. With this achievement, the company's cumulative export order book has now reached ₹50 crore, reinforcing its strong presence in global markets. The orders span across regions, including Europe ,the UK, Canada, Australia, New Zealand, and Singapore, underscoring the company's expanding international presence and the growing global demand for its high-quality products. Also Read | Supreme ...Read More >
Mumbai: The rupee witnessed range-bound trading in morning deals on Monday and depreciated 4 paise to 88.30 against the US dollar, as tariff-led pressure on India's exports weighed on investor sentiments. Forex traders said the rupee traded in a tight range as it is caught between worries over US trade tariffs, persistent foreign portfolio outflows, and hopes of a US rate cut. At the interbank foreign exchange market, the rupee opened at 88.25, then lost ground and touched a low of 88.30 again ...Read More >
New Delhi, Sep 14 (SocialNews.XYZ) Over 2,000 experts from more than 100 countries will come together in the national capital to take part in the 89th General Meeting of the International Electrotechnical Commission (IEC), Ministry of Consumer Affairs, Food & Public Distribution said on Sunday. The event, hosted by the Bureau of Indian Standards (BIS), will be held from September 15 to 19, at Bharat Mandapam. Delegates will deliberate on international electrotechnical standards that aim to bui ...Read More >
NEW DELHI: India is laying new railway lines along its eastern frontier with China to strengthen connectivity, improve freight movement, and enhance military preparedness in the event of deteriorating bilateral relations. According to an official associated with the project, the approved plan includes the construction of 500 kilometres, approximately 310 miles, of railway lines featuring multiple bridges and tunnels. Work has already begun on connecting remote areas near the borders with China ...Read More >
Gita Gopinath believes dollar dominance will likely continue. She cites the strength of American institutions and financial markets. During her IMF tenure, dollar dominance was a key research area. She highlights the asymmetry in global currency usage. The dollar's role impacts how economies respond to shocks. Gopinath emphasizes the importance of strong institutions for maintaining the dollar's status. Gita Gopinath, former IMF Chief Economist and Deputy Managing Director, now back again at Ha ...Read More >
Surat: With the US market slipping out of reach following a 50% tariff on Indian imports, the country's gem and jewellery makers are shifting focus to the Middle East. Exporters see Saudi Arabia as a key growth destination, with shipments rising 45% to $151.5 million in 2024-25 and studded jewellery exports alone jumping 55%, according to the data shared by the Gem and Jewellery Export Promotion Council (GJEPC).Saudi Arabia's jewellery market is projected to nearly double to $8.34 billion by 203 ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) RSS chief Mohan Bhagwat's statement on Friday that tariffs on Indian goods have been imposed out of fear of a stronger India was not in isolation. SBI Capital Markets, in its report "Tariffs are Made in the USA, but Resilience is Made in India," described the aggressive US tariff regime as a "key flashpoint" designed to pressure India's external sector. The report had viewed the approach as targeted at curbing India's broader economic momentum. However, rece ...Read More >
hivanshu Gupta, Senior Partner at global management consulting firm McKinsey (Image: ANI)Disruptions in global trade flows are creating opportunities for Indian auto component manufacturers in both ICE and EV segments. India could see a significant revenue increase in the coming years. New Delhi [India], September 12 (ANI): Shivanshu Gupta, Senior Partner at global management consulting firm McKinsey on Friday said he believes the disruption in global trade flow can come as a shot in the arm fo ...Read More >
Setting up the SIT under former judge Justice J Chelameswar, the apex court had on August 25 called for a report on a number of issues, including the acquisition of animals from India and abroad, particularly elephants, and compliance with the Wild Life (Protection) Act, 1972, and rules for zoos. The Supreme Court on Friday said the Special Investigation Team (SIT) inquiring into the affairs of Vantara - the wildlife rescue and rehabilitation centre launched by Reliance Foundation in Gujarat's ...Read More >
New Delhi [India], September 13 (ANI): The Special Investigation Team (SIT), constituted by the Supreme Court to conduct a fact-finding Inquiry into the allegations of unlawful acquisition of animals in Vantara, a dedicated wildlife rescue and rehabilitation organization, in Jamnagar, Gujarat, has submitted its report in a sealed cover. A bench comprising Justices Pankaj Mithal and Prasanna B. Varale recorded the submission, which includes annexures and supporting materials on a pen drive, stat ...Read More >
New Delhi [India], September 13 (ANI): The Special Investigation Team (SIT), constituted by the Supreme Court to conduct a fact-finding Inquiry into the allegations of unlawful acquisition of animals in Vantara, a dedicated wildlife rescue and rehabilitation organization, in Jamnagar, Gujarat, has submitted its report in a sealed cover. A bench comprising Justices Pankaj Mithal and Prasanna B. Varale recorded the submission, which includes annexures and supporting materials on a pen drive, stat ...Read More >
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