The White House is urging European nations to adopt sanctions on India and China similar to those already imposed by the United States. This includes a demand for the complete cessation of all oil and gas purchases from Russia, along with secondary tariffs from the EU. The development comes as White House officials express growing…
Union coal and mines minister G Kishan Reddy said on Friday that India has signed an agreement with Japan in the mineral resources sector as part of efforts to build and diversify critical mineral supply chains.The memorandum of cooperation, signed between India’s Ministry of Mines and Japan’s Ministry of Economy, Trade and Industry (METI), was…
US President Donald Trump has stated that China must supply magnets to the United States or face a potential 200% tariff. This warning comes amid an ongoing trade dispute, where China has been sensitive about its control over the rare earths supply, adding magnets to its export restriction list in April. The discussion includes the…
NEW DELHI: In a major relief to public sector oil firms, the Cabinet on Friday approved a Rs 30,000 crore compensation package to offset their losses from selling domestic LPG below cost amid elevated international prices.The package will be paid to Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) in…
Two trucks carrying 107 tonnes of fuel entered Gaza for the first time in five months amid a deepening humanitarian catastrophe in the besieged region as Israel chokes aid access. The relaxation by Israel came amid reports of fuel shortages hindering operations of hospitals and fears of an emerging famine. On Sunday, the two trucks…
NEW DELHI: US President Donald Trump‘s decision to impose 25% tariff on exports from India starting Aug 1 saw the thriving aerospace supply chain industry here, along with their big customers including American major Boeing, rush for calculators to estimate the impact of the same. Boeing’s annual exports from over 320 Indian suppliers of components…
Indian electronic contract manufacturers are expanding globally through acquisitions and strategic partnerships to gain access to clients in the US, Europe, and other international markets. They are capitalising on supply chain disruptions triggered by tariff-related shifts, particularly those involving China. These companies are leveraging the current trade environment to acquire technologies and capabilities that would…
This is an AI-generated image, used for representational purposes only. A number of applicants under India’s Electronics Component Manufacturing Scheme (ECMS) have flagged concerns over meeting their first-year production targets due to ongoing shortages of rare earth minerals. According to ET, at least 10 companies have raised the issue with the ministry of electronics and…
China’s export restrictions on fertilisers to India represents one of the most severe instances of supply chain manipulation by Beijing. (AI image) India seems to have found an effective solution to China’s move of blocking fertilizer exports to India. In May-June, China abruptly escalated tensions regarding fertiliser exports by stopping inspections of shipments destined for…
Electric car sales in India are projected to cross 7% of total car sales by FY28, provided supply chain disruptions in rare earth elements (REEs) are resolved in a timely manner, according to a report by CareEdge Advisory. The projection is backed by an accelerating pipeline of new model launches, expanding charging infrastructure, and battery…