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CHANDIGARH: A portion of the frontal section of Congress MLA Sukhpal Singh Khaira's house in Bholath, Kapurthala, was demolished on Monday by the office of the Block Development and Panchayat Officer (BDPO). Khaira, a strong critic of Punjab Chief Minister Bhagwant Mann, condemned the move, calling it the dangerous introduction of "bulldozer (Pila-Panja) politics" in Punjab by Mann under directions from AAP supremo Arvind Kejriwal, aimed at silencing criticism and democratic dissent. As the de ...Read More >
MUMBAI: Precious metals lost the rally gained in morning trade Monday, with gold closing 1.76% up or 2,758/10 gm at Rs 159,634 and silver closing 4.3% up or Rs 10,877/kg at Rs 263,821. In morning trade the yellow metal climbed above Rs 1.6 lakh/10 gm and silver surged 6% to cross Rs 2.67 lakh amid rising geopolitical tensions, global tariffs, and a stronger dollar. Renisha Chainani, head of research at gold trading platform Augmont said "since Friday gold rebounded by about 4% and silver outpe ...Read More >
New Delhi (PTI): Precious metal prices climbed 3 per cent in the national capital on Monday, with silver surging to Rs 2.7 lakh per kilogram and gold advancing to Rs 1.6 lakh per 10 grams, due to strong safe-haven demand amid growing global trade uncertainties after the US Supreme Court ruling against Trump's tariffs. According to the All India Sarafa Association, silver jumped Rs 8,000, or 3.03 per cent, to Rs 2,72,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,6 ...Read More >
Bengaluru - Global companies have flagged more than US$35 billion (S$45 billion) in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump's levies. Mr Trump's trade war has hiked US tariffs to their highest levels since the 1930s, and the president has regularly threatened more duties, but overall, the fog that paralysed many businesses is clearing, allowing executives to forecast cos ...Read More >
US President Donald Trump on Sunday (local time) reiterated his claim that he had spoken to Prime Minister Narendra Modi, who told him India would cease buying Russian oil. Speaking to reporters aboard Air Force One, Trump warned that India would continue to face "massive" tariffs if it did not comply. This marks the third time the US President has repeated his claim, first made on October 15, regarding India halting Russian oil purchases and him speaking to PM Modi. "I spoke with Prime Minist ...Read More >
Two of the emerging-market giants hardest hit by President Donald Trump's trade wars are deepening their ties in response, betting that a united front will help them endure the US broadsides and find new markets to skirt tariffs. Most Read from Bloomberg Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries' $12 billion trade partnership as economists warn that Trump's policies could ...Read More >
New Delhi: Harvard University economist Kenneth Rogoff on Wednesday said the high tariffs on several countries, including India, and the steep H-1B visa fee hike imposed by the Trump administration will hold back the US economic growth. US President Donald Trump's decision to increase the application fee for H-1B visas is expected to impact Indian nationals, who accounted for almost 70 per cent of all such visas issued in the last few years. "The new visa rules were done in a very haphazard ma ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The Indian equity indices opened higher on Monday with a rise in heavyweight stocks, as the key RBI MPC meeting began to decide on the repo rate. At 9.22 am, Sensex was up 108 points or 0.14 per cent at 80,534 and Nifty was up 30 points or 0.12 per cent at 24,685. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 302 points or 0.54 per cent at 56,680 and Nifty smallcap 100 index was up 90 points or 0.51 per cent at 17,651. Among t ...Read More >
NEW DELHI, Sept 26 (Reuters) - India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil. India's foreign ministry called the remarks speculative and said on Friday there was no such conversation. NATO Secretary General Mark Rutte, in an interview with CNN, had spoken about U.S. President Donald Trump's doubling of ...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 >
New York / Delhi / Moscow: NATO Secretary-General Mark Rutte has made public remarks asserting that Indian Prime Minister Narendra Modi has sought clarity from Russian President Vladimir Putin on Moscow's strategy toward Ukraine, and that recent US tariffs on India are exerting pressure on Russia. Speaking to CNN on the sidelines of the United Nations General Assembly in New York, Rutte said: "This (tariff) immediately impacts Russia because that means Delhi is now on the phone with Vladimir Pu ...Read More >
India, US to hold trade talks today: Breakthrough expected in free trade agreement amid Trump's tariffs The meeting comes after Prime Minister Narendra Modi welcomed US President Donald Trump's remark, saying the two countries would continue to hold trade talks. So far, India and the US have held five rounds of bilateral trade agreement (BTA) negotiations. India and the United States will hold a day-long talk on the India-US bilateral trade deal in New Delhi on Tuesday, which was impacted afte ...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 >
NEW DELHI (Reuters) -- India's merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from Aug. 27 over New Delhi's continued purchases of Russian oil, bringing total levies on Indian exports to 50% -- among the highest for any U.S. trading partner. Total goods exports fell to a nine-mo ...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, Sept 15 (Reuters) - India's merchandise trade deficit narrowed in August to $26.49 billion from $27.35 billion in July, as a drop in exports after U.S. President Donald Trump hiked tariffs on Indian goods was offset by slowing imports. The U.S. imposed an additional 25% tariff on Indian goods from August 27 over New Delhi's continued purchases of Russian oil, bringing total levies on Indian exports to 50% - among the highest for any U.S. trading partner. Trade talks between India an ...Read More >
Commerce Secretary Howard Lutnick criticized India's trade practices, highlighting the imbalance where India sells extensively to the US but restricts American corn imports with tariffs. He asserted that India must lower its tariffs to ensure fair and reciprocal trade, aligning with President Trump's stance. Lutnick warned of potential difficulties in US-India trade relations if these issues remain unresolved. India brags about having 1.4 billion people but won't buy even a small amount of Amer ...Read More >
Mumbai: The global automobile industry is starting to regain confidence after pausing product and investment decisions initially due to the upheaval caused by Trump's tariffs, said a senior executive at Tata Technologies. The Tata Group engineering firm is also pressing ahead with expansion, acquiring Germany's ESTEC for ₹75 million (₹750 crore) to strengthen its software-defined vehicle capabilities and also establish a base in Europe's auto hub. "Tariffs initially prompted many of our custom ...Read More >
NEW DELHI - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the year," Maros Sefcovic, ...Read More >
NEW DELHI (Reuters) -Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the year," Maros ...Read More >
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 21 (SocialNews.XYZ) Prominent US economist Jeffrey Sachs on Thursday strongly criticised President Donald Trump's decision to impose steep punitive tariffs on India, calling it one of the worst blunders in American foreign policy. In an interview on the Breaking Points show with Krystal Ball and Saagar Enjeti, Sachs said Trump's tariffs were "not a strategy, but sabotage." He warned that the move, instead of giving the US leverage, ended up pushing India closer to other emerging ...Read More >
India is inching closer to Beijing. After US President Donald Trump doubled down with a 50% tariff on Indian goodspunishing New Delhi over discounted Russian oil purchasesPrime Minister Narendra Modi is quietly reopening the China playbook. Direct flights between the two neighbors, suspended since 2020, could resume as early as next month. According to people familiar with the matter, the announcement may coincide with Modi's first China visit in seven years for the Shanghai Cooperation Organisa ...Read More >
New Delhi: US President Donald Trump has imposed a steep 50 percent tariff on India over its purchases of Russian oil. The new rate will come into effect in 21 days, so on 27 August, according to the executive order. A response from India's foreign ministry said Delhi had already made clear its stance on imports from Russia, and reiterated that the tariff is "unfair, unjustified and unreasonable". To recall, in May, the Modi government outrightly rejected Trump's so-called role in the ceasefire ...Read More >
Gurugram : JSW MG Motor India today announced that India's best-selling EV, the MG Windsor, has achieved another remarkable milestone. In July, the company set a new record for Windsor sales, selling 4,308 units in a single month. The carmaker has sold nearly 36,000 units of the MG Windsor since its launch. The robust sales performance has helped the company expand its market share in the EV Segment. In Q2 CY'25, the company recorded a 4% increase in market share, rising to 32% from 28% in Q1 C ...Read More >
New Delhi: India's merchandise trade deficit touched $27.35 billion in July as exporters braced for Trump's trade offensive with additional duties set to kick in on 27 August. Merchandise exports were $37.24 billion in July, while imports reached $64.59 billion, provisional data from the commerce ministry showed on Thursday. Indian exporters could be among the hardest hit if US President Donald Trump's proposed additional 25% tariff hike on Indian goods take effect this month, unless a breakth ...Read More >
MUMBAI, Aug 11 (Reuters) - About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday. Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S. to 50% - among the highest on any American trading partner. The Indian government had taken into account the 25% t ...Read More >
India's top 10 merchandise export destinations in 2024 list: Together, the top 10 countries notably make up 51% of India's total share of merchandise export percentage in 2023-24, with the US leading at 17.90%, India's top 10 merchandise export destinations in 2024: Amid rising global economic instability, marked by trade conflicts and tariff disputes, India's exports have reached USD 778.21 billion in 2023-24. It saw a historic rise of 67 per cent over the past decade (2013-14), according to ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
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