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Kolkata, Apr 8 (PTI) The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that the Indian Rupee is expected to stabilise around the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. He also said that India must sustain 7-8 per cent growth and reforms to achieve developed nation status by 2047, ...Read More >
New Delhi: Biocon Ltd on Tuesday announced the commercial launch of biosimilars Bosaya and Aukelso, indicated for different serious bone conditions, in the US. Bosaya (biosimilar to Prolia) and Aukelso (biosimilar to Xgeva) are now available by prescription nationwide through specialty pharmacies and healthcare providers, Biocon said in a statement. Also Read: Biocon not to rush generic semaglutide to packed India market, says incoming CEO Shreehas Tambe Both products have been previously app ...Read More >
New Delhi [India], April 3 (ANI): The recent decision by US President Donald Trump to impose a 100 per cent tariff on patented pharmaceutical imports to US is unlikely to cause immediate disruption to Indian drugmakers, as the move largely targets branded medicines while exempting generics and biosimilars, said Siddharth Mittal, Managing Director and CEO (Designate) Syngene International Limited. Also Read | US Pilot Rescued After Fighter Jet Shot Down in Iran; Helicopter Also Hit During Search ...Read More >
New Delhi: The recent decision by US President Donald Trump to impose a 100 per cent tariff on patented pharmaceutical imports to US is unlikely to cause immediate disruption to Indian drugmakers, as the move largely targets branded medicines while exempting generics and biosimilars, said Siddharth Mittal, CEO and Managing Director of Biocon Limited. In an exclusive interaction with ANI, Mittal said the tariff action is aimed at boosting domestic manufacturing in the United States but does not ...Read More >
New Delhi [India], April 3 (ANI): The recent decision by US President Donald Trump to impose a 100 per cent tariff on patented pharmaceutical imports to US is unlikely to cause immediate disruption to Indian drugmakers, as the move largely targets branded medicines while exempting generics and biosimilars, said Siddharth Mittal, CEO and Managing Director of Biocon Limited. Also Read | Mysuru Cloth Bag Scam: Karnataka High Court Orders Probe Against IAS Officer Rohini Sindhuri Over INR 5.8 Crore ...Read More >
New Delhi: The government on Monday halved the benefits given to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. In a notification, the Directorate General of Foreign Trade said that "RoDTEP benefits shall be restricted to 50% of the notified rates and value caps with immediate effect", prompting exporters to urge the government to review the decision amid slowing demand and heightened uncertainty. "With immediate effect, the applicable RoDTEP rates for ...Read More >
New Delhi: The government on Monday halved the benefits given to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. In a notification, the Directorate General of Foreign Trade said that "RoDTEP benefits shall be restricted to 50% of the notified rates and value caps with immediate effect", prompting exporters to urge the government to review the decision amid slowing demand and heightened uncertainty. "With immediate effect, the applicable RoDTEP rates for ...Read More >
New Delhi, Dec 17 (PTI) The Indian rupee, depreciating mainly due to 50 per cent tariff imposed on India by the US, is likely to bounce back strongly in the second half of the next fiscal, an SBI research report said on Wednesday. Since April 2, 2025, when the US announced sweeping tariff hikes across economies, the Indian rupee (INR) has depreciated by 5.7 per cent against USD (most amongst the major economies), notwithstanding sporadic phases of appreciation owing to optimism over the US-Indi ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The Indian stock market on Monday begin the week on a negative note with Nifty managing to close above 26,000 in the volatile session. Sensex and Nifty 50 ended in the red. Sensex ended 54 points, or 0.06%, lower at 85,213.36, while the Nifty 50 closed at 26,027.30, down 20 points, or 0.08%. Also Read | iPhone 16 Pro Flipkart Price Drop Alert: Apple's Premium Model Available at Discounted Rates; Check Current Price, Specifications and Features. ...Read More >
New Delhi [India], December 15 (ANI): The recent depreciation of the Indian rupee has reignited debate on whether a weaker currency genuinely enhances India's export competitiveness. A new report by Systematix Research says that currency depreciation delivers uneven outcomes across sectors and, in many cases, worsens the trade balance rather than improving it According to the report, sectors such as electronics, chemicals, machinery and petroleum products do see an apparent export benefit from ...Read More >
Visakhapatnam, Nov 14 (PTI) Commerce and Industry Minister Piyush Goyal on Friday said India is negotiating free trade agreements at present with countries, including the US, European Union, New Zealand, Oman, Peru and Chile. He also said that the India Trade Promotion Organisation (ITPO) would be happy to join hands with the Andhra Pradesh government to develop a world class convention centre - Andhra Mandapam - here like Bharat Mandapam in New Delhi. The minister added that lowering trade ba ...Read More >
NEW DELHI, Oct 27 (UNI) In its latest monthly economic review for September, the Finance Ministry maintained a strong growth outlook for FY26 amid uncertain global conditions. It said the growth will be supported by a positive demand outlook due to GST reforms, favourable monsoons, lower inflation, and monetary easing. However, the report cautioned that global uncertainties will continue to affect external demand, presenting downside risks to the growth outlook. The review by the Department o ...Read More >
The latest World Economic Outlook (WEO) report suggests that India's domestic strength continues to offset the impact of rising US tariffs and global trade tensions. India's Growth Outlook According to the IMF, the 6.6% forecast reflects strong performance in the first quarter of 2025, which helped neutralise much of the tariff-related impact on exports. However, the figure is 0.2 percentage points lower than the pre-tariff projection made in October 2024. India's economic expansion is expect ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
New Delhi [India], October 25 (ANI): The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India is set to outpace China, which is expecte ...Read More >
New Delhi, October 22: The Reserve Bank of India (RBI), in its latest State of the Economy article published in the RBI Bulletin of October 2025, noted that while the Indian economy is not immune to global headwinds, it continues to demonstrate resilience. The bulletin attributed this resilience to strong and durable macroeconomic fundamentals, including low inflation, robust balance sheets of banks and corporates, adequate foreign exchange reserves and a credible monetary and fiscal framework. ...Read More >
OTTAWA -- India's new envoy to Canada says Ottawa should pivot away from pursuing a scaled-down trade deal and instead reach for a comprehensive trade and investment agreement with the world's most populous country. In a wide-ranging interview with The Canadian Press, Indian High Commissioner Dinesh Patnaik also said Canadian businesses should expand trade and investment ties with India now, without waiting for governments to sign a formal trade agreement. "We are more interested in a comprehe ...Read More >
Our youth are continuously making breakthroughs in areas like Artificial Intelligence, Cyber Security, Robotics, Quantum Communication, and Space Technology. Defence Minister Rajnath Singh on Thursday said while some countries adopt protectionist policies and sometimes withhold information on disruptive technologies, India has successfully challenged these barriers and proved that a country can become self-reliant in any field if intentions are clear. India cannot depend on import of technolog ...Read More >
Mumbai, Sep 30 (PTI) Corporate India's credit moderated marginally in the April-September period, and the impact of the tariffs slapped by the US is a monitorable factor going ahead, rating agencies said on Tuesday. Crisil said the credit ratio, or the number of upgrades to downgrades, moderated to 2.17 in the first half of the fiscal, which is down from 2.75 in the same period last year and 2.64 in the October 2024-March 2025 period. The agency, which rates 7,300 companies, said there were 49 ...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 14 (SocialNews.XYZ) For the Chinese President Xi Jinping, the 25th SCO summit at Tianjin was a special occasion to launch initiatives designed to push the rise of China as a superpower that could more than match America. Donald Trump's move to impose 'punitive' tariff on India for its oil trade with Russia providing an anti-US backdrop, special invitation extended to President Putin and Kim Jong Un of North Korea to the parade at Tiananmen Square in Beijing on September 3 that wa ...Read More >
The United States expects to resolve a bitter tariff row with India within weeks, an envoy of President Donald Trump said Thursday, as he voiced hope for keeping New Delhi in US good graces. India has seen outrage and a spike in anti-US sentiment after Trump imposed tariffs of up to 50 percent on some of its exports over purchases of oil from Russia, under Western sanctions for its invasion of Ukraine. Sergio Gor, nominated by Trump to be ambassador to India, said he expected progress when Ind ...Read More >
Defence Secretary Rajesh Kumar Singh emphasized the necessity for India to showcase its hard power alongside its soft power in the face of increasing global competitive populism and economic protectionism. He highlighted the impact of geopolitical conflicts and rising nationalism, necessitating a stronger projection of hard power for strategic deal-making. Amid rising competitive populism and economic protectionism around the world, India needs to project its hard power alongside its soft power ...Read More >
Pune: Amid a rapidly shifting global order marked by rising populism and protectionism, defence secretary Rajesh Kumar Singh has called for a robust augmentation of India's hard power capabilities to complement its soft power strength. Speaking at the inaugural session of the STRIDE 2025 seminar in Pune on Friday, Singh stressed the need for a transformative push in India's defence preparedness through technology, innovation and public-private collaboration. The seminar, organised by the Southe ...Read More >
India's outlook remains robust. The country recorded 8 per cent steel demand growth in 2024 and is expected to grow more than 7 per cent in 2025. India is expected to emerge as a major growth centre for global steel demand over the coming decades, even as China's dominance wanes. China, which accounted for 49 per cent of world steel consumption in 2024, is projected to see demand fall by an average of five to seven million tonnes (Mt) annually over the next decade. China's share of global dema ...Read More >
Underlining how the defence sector is constantly being shaped and influenced by changing geopolitics, Union Defence Minister Rajnath Singh on Saturday emphasised that India's self-reliance in defence is not an option, but a necessity. Speaking at NDTV Defence Summit, Singh said that India's self-reliance in defence should not be viewed as protectionism but should be seen as a aspect related to India's sovereignty. "The world today is changing so rapidly that new challenges are emerging before ...Read More >
India's Defence Self-Reliance Gets Boost: Rajnath Singh Announces Progress On Indigenous Powerful Jet Engine Monday, September 01, 2025 by Indian Defence News India is accelerating its journey towards defence self-reliance with Defence Minister Rajnath Singh announcing concrete progress on the development of a powerful indigenous jet engine, a landmark step in the nation's aerospace and defence sector. Speaking at the NDTV Defence Summit, Singh stressed that dependence on foreign powers for cr ...Read More >
New Delhi [India], August 1 (ANI): With the US administration under President Donald Trump imposing 25 per cent tariffs on Indian goods plus an unspecified 'penalty', India's textile and garment sector is likely to face stiff competition from Bangladesh and Vietnam, who have been hit with comparatively lower tariffs, Ajay Srivastava, founder of trade think tank Global Trade Research Initiative (GTRI), has said. 'Bangladesh and Vietnam are big players in garment exports and have a better tariff ...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 An ...Read More >
New Delhi [India], August 1 (ANI): With the US administration under President Donald Trump imposing 25 per cent tariffs on Indian goods plus an unspecified penalty, India textile and garment sector is likely to face stiff competition from Bangladesh and Vietnam, who have been hit with comparatively lower tariffs, Ajay Srivastava, founder of trade think tank Global Trade Research Initiative (GTRI), has said. Bangladesh and Vietnam are big players in garment exports and have a better tariff posit ...Read More >
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