NEW DELHI: The finance ministry on Wednesday cautioned that while the immediate impact of US tariffs on Indian exports may be limited, their secondary and long-term effects could pose significant challenges. The remarks come as Washington’s 50% duties on Indian goods took effect from August 27, covering exports worth over $48 billion. India To Divert […]
‘Deal dependent upon…’: India indicates no compromise on red lines for US trade pact; ‘we cannot overlook some..’
India has explicitly stated its position regarding the protection of farmers, fishermen and small-scale industries, with no room for compromise on these matters. (AI image) India-US trade deal negotiations are contingent on how each country deals with ‘red lines’ sources have said. The US has imposed 50% tariffs on India for its exports to America, […]
EU trade commissioner likely to visit India next month; talks to advance FTA, final hurdles in focus
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 […]
Trumps tariffs ‘wake-up call’: Amitabh Kant sees US duties as opportunity; urges bold reforms & efficiency
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 […]
Trump’s tariffs: India pivots toward China and Russia – should US be worried?
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 markets today: Wall Street steady ahead of Nvidia results, Trump-Fed clash keeps investors cautious
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 […]
Silver price today: Rates hit fresh Rs 1.20 lakh/kg peak; gold gains Rs 500 amid US tariffs
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. […]
India-Africa ties: Trade tops $100 bn in 2024-25; New Delhi among top five investors, says minister Kirti Vardhan Singh
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 […]
How can India offset impact of Donald Trump’s tariffs? ‘Two broad options’ to absorb shocks – explained
According to GTRI’s assessment, India is expected to reduce the negative effects of US tariffs in the coming months. How should India deal with the 50% tariffs imposed by the Donald Trump administration on Indian exports? Ajay Srivastava of Global Trade Research Initiative (GTRI) says there are two ways in which India can absorb the […]
FPIs bet big on Indian IPOs: Anchor investments jump 300% in FY25 to Rs 26,508 crore; domestic institutions also scale up participation
Foreign portfolio investors, despite being net sellers in the listed secondary market, are substantially investing as anchor investors in IPOs of Indian companies, demonstrating confidence in India’s exceptional growth trajectory.Overseas funds’ investments in Indian IPO anchor books increased by 300% to Rs 26,508 crore in FY25 compared to the previous year. FPIs’ proportion in total […]