US President Donald Trump on Tuesday said his administration had secured a series of “historic trade deals” with major global economies, even as his government prepared to slap steeper tariffs on Indian imports. Speaking to reporters at the White House, Trump listed countries where he claimed his administration had rebalanced trade. “We have secured historic…
Indian refiners, who are major purchasers of Russian crude oil, intend to reduce their imports in the coming days. (AI image) Indian refiners’ crude oil procurement from Russia is set to reduce in the coming weeks, albeit modestly. The move comes at a time when the Donald Trump administration has imposed a 25% additional tariff…
Crypto trade in Futures surpasses Spot deals (AI image) A major shift can be seen in India’s cryptocurrency market, with futures trading volumes on local exchanges now surpassing spot transactions by more than threefold. According to Economic Times, industry executives and legal experts attribute the surge to the recent upswing in crypto prices, leverage-driven profit…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has claimed that the United States holds overwhelming leverage over China, even suggesting that if he chose to use it, he could “destroy” the world’s second-largest economy.Speaking in the Oval Office on Monday before a bilateral meeting with South Korean President Lee…
Industry body CII has unveiled a sweeping reform blueprint aimed at accelerating India’s economic transformation, calling for a simplified GST structure, rationalised tariffs, new employment policies, and greater trade competitiveness.The Confederation of Indian Industry (CII), in its report “Policies for a Competitive India”, has put forward over 250 actionable recommendations across 14 critical areas. The…
India’s leather industry, a vital labour-intensive sector with exports worth $4.1 billion, has been hit hard by US President Donald Trump’s decision to impose a 25% tariff on imports from India. The move, coupled with an additional 25% tariff on Russian oil purchases from 27 August 2025, is expected to deepen the crisis exporters are…
India is at the centre of major trade talks as it negotiates free trade agreements (FTAs) with several key partners, including the European Union, the United States, Chile, and Peru, commerce and industry minister Piyush Goyal said on Saturday.Speaking at the Entrepreneur and Traders Leadership Summit, Goyal said that the world is looking at India…
India and Australia have taken another big step towards sealing a trade deal, as officials wrapped up the latest round of negotiations in New Delhi, on Saturday. The two countries, which have already implemented an interim trade agreement in December 2022, are now pushing to expand its scope into a Comprehensive Economic Cooperation Agreement (CECA).“The…
The Department of Posts on Saturday announced a temporary suspension of most international postal services to the United States, effective August 25, following new US regulations impacting international shipments. In the backdrop of US-India trade tensions and India’s Russian oil imports, EAM S Jaishankar stressed that national interest will guide India’s policies. Meanwhile, ED has…
Acknowledging issues in trade deal talks with the Donald Trump administration, Jaishankar said that India has its ‘red lines’. Amidst ongoing tensions between India and the US on trade deal stalemate and the former’s continued Russia crude oil purchases, external affairs minister S Jaishankar has made it cleat that India’s policies will be in its…