European Commissioner for Trade Maros Sefcovic is expected to visit India next month to assess the progress of free trade agreement (FTA) negotiations with Commerce Minister Piyush Goyal, PTI reported citing an official on Wednesday. The visit is likely to coincide with the conclusion of the 13th round of talks, scheduled from September 8 in…
Former Niti Aayog CEO Amitabh Kant said India should view the US tariff hike as a wake-up call to implement bold and once-in-a-generation reforms while diversifying its export markets for long-term growth.Addressing the BN Memorial Lecture organised by IRS (C&IT) Association, Kant said, “This is India’s century, irrespective of Trump’s tariff, I strongly believe that…
India’s pivot isn’t about abandoning the US. It’s about strategic autonomy. When Prime Minister Narendra Modi lands in Tianjin this week for the Shanghai Cooperation Organisation (SCO) summit-his first visit to China since 2018-it won’t just be a symbolic handshake with Chinese President Xi Jinping. It will be a signal: India is hedging. Against the…
US stocks were mixed on Wednesday as investors awaited chipmaker Nvidia’s quarterly results, seen as a key test of the artificial intelligence boom. The S&P 500 edged up less than 0.1%, staying close to its record high earlier this month. The Dow Jones Industrial Average gained 87 points, or 0.2%, while the Nasdaq Composite slipped…
The Unique Identification Authority of India (UIDAI) has asked schools across the country to ensure that children aged between 5 and 15 years complete their mandatory Aadhaar biometric updates without delay.UIDAI CEO Bhuvnesh Kumar has written to chief secretaries of states and Union territories, urging them to conduct special camps in schools to clear the…
NEW DELHI: “At the end the day, we will come together,” a top US official said on Wednesday, striking an optimistic note even as trade tensions flare between Washington and New Delhi after US President Donald Trump imposed a 50% tariff on Indian goods over its Russian oil imports.In an interview with Fox Business, the…
The relationship status has significantly evolved from being a “good friend” to becoming a “bad trading partner”, it says. (AI image) Barclays has flagged ‘serious threat’ to around 70% of India’s exports to the US with the Donald Trump administration’s 50% tariffs coming into effect today. “The risks to growth for the Indian economy have…
Silver prices in the national capital witnessed a historic surge, reaching Rs 1,20,000 per kilogram, fueled by global uncertainty. Gold also experienced gains, climbing to Rs 1,01,270 per 10 grams. Market analysts attribute this uptrend to political unpredictability stemming from President Trump’s dismissal of Federal Reserve Governor Lisa Cook, raising concerns about the Fed’s independence….
Stock market investors may remain jittery in the near term after the steep 50 per cent tariff on Indian goods entering the United States came into effect on Wednesday, with analysts flagging textiles, gems and jewellery, and leather stocks as likely to remain in focus when trading resumes on Thursday.The additional 25 per cent levy…
India’s trade with Africa crossed the $100 billion mark in 2024-25, Union minister Kirti Vardhan Singh said on Wednesday, adding that New Delhi has also emerged among the top five investors in the continent.Speaking at the inaugural session of the 20th CII India-Africa Business Conclave in the capital, Singh said India has extended concessional loans…
