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India’s approach to sourcing crude oil is increasingly tilting toward supplies that carry lower risk. (AI image) India and the US trade talks have so far failed to yield a deal, and Russian oil continues to play a role in any tariff relief that India would want from the Donald Trump administration. India faces 50%…
Trump’s remarks come at a time when the US has imposed 50% tariffs on India – among the highest in the world. (AI image) India-US trade deal: US President Donald Trump on Wednesday said that America would have a ‘great’ trade deal with India. Trump’s statement came during his visit to the World Economic Forum…
Investors are anticipating that the decision could either trigger a sharp surge in the Sensex and Nifty or exacerbate the turbulence. (AI image) Will the world continue to face US President Donald Trump tariffs or will the Supreme Court in America deem them illegal? It’s an important factor in the minds of investors world over,…
US commerce secretary Howard Lutnick made a big statement over why the India-US trade deal is not sealed yet. The official claimed that it was because “PM Modi didn’t call Trump.”“I set the deal up. But you had to have Modi call President Trump. They (India) were uncomfortable with it. So, Modi didn’t call,” he…
MUMBAI: Export of diamonds from India to the US has nearly halved after President Trump slapped a 50% tariff on the country, plunging the industry into a crisis, said Al Cook, CEO at De Beers Group, adding that there hasn’t been a large scale “relocation” of Indian industry to other countries, though, as stakeholders are…
Since the start of the Ukraine conflict in 2022, India has been the largest buyer of discounted Russian seaborne oil. (AI image) India is looking to seal a trade deal with the US and is monitoring weekly data on crude oil purchases from Russia and America, according to a Reuters report. Oil refiners have been…
In the last five years, India has sealed seven significant trade pacts as part of its effort to expand its global economic footprint. (AI image) India announced concluding a Free Trade Agreement (FTA) with New Zealand on Monday paving the way for duty-free entry of Indian goods into New Zealand and a planned inflow of…
A deal is only done when both sides stand to benefit, said Piyush Goyal. (AI image) India-US trade deal: Commerce and Industry Minister Piyush Goyal has reacted to a Donald Trump administration official’s statement that India has made the ‘best ever’ offers with regards to the trade deal talks. While not providing any timeline to…
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
India-US trade deal: India should be highly cautious about lowering duties for USagricultural or genetically modified products and must press the Trump administration to sharply reduce its steep tariffs, the Global Trade Research Initiative (GTRI) said on Wednesday.The think tank also advised New Delhi to wait for the US Supreme Court’s ruling on President Donald…
