Inter-ministerial meet next week to discuss ways to insulate India’s trade from Red Sea crisis

An inter-ministerial group, consisting of officials from various departments and ministries, is set to meet next week to discuss the impact of the Red Sea crisis on India’s trade. The recent attacks by Yemen-based Houthi militants have disrupted the shipping route through the Bab-el-Mandeb Strait, prompting shippers to take a longer route through the Cape […]

Defence Minister Rajnath Singh, visiting the UK, met with British Foreign Secretary David Cameron to enhance bilateral ties. Discussions focused on integrating India-UK defence industries, emphasizing startup-level interaction, and joint project implementation. Singh highlighted the importance of supply chain integration for resilience. The UK expressed its desire for defence collaboration, with plans for the Littoral […]

Kwatra said the deal is part of a total of four memorandums of understanding signed between New Delhi and Abu Dhabi in the ongoing Vibrant Gujarat Global Summit, Kwatra said.

Merchant Chamber of Commerce & Industries (MCCI) in association with Woxsen University in Hyderabad organised a National Round Table on “Glocalization in Education for the Future Businesses” on Wednesday in Kolkata. Former Prime Minister of Belgium Yves Leterme was the Chief Guest of the session.

The UAE-India Business Summit, themed “Two Nations, One Vision,” occurred at the Vibrant Gujarat Global Summit 2024, marking a pivotal moment in their economic partnership. The event featured the ceremonial launch of the UAE-India CEPA Council (UICC), aiming to enhance strategic cooperation, particularly in industries like startups, women entrepreneurs, and MSMEs. Driven by a shared […]

Commerce and industry minister Piyush Goyal said that there is significant traction in the idea to connect India and Europe through the Middle East through the India-Middle East- Europe corridor and that both countries are expanding partnership new areas such as the startup bridge and the Bharat Bazar which DP World is developing in the […]

A key demand of the handset industry from Budget FY25 is zero tariffs on all lines that significantly increase costs, converging them with Vietnam and China to ensure competitiveness, scale and export-led growth.

India discussed early launch of UPI payment system with Sri Lanka and supports its debt restructuring process. In October, Modi announced that the governments of both India and Sri Lanka are working together on fintech sector connectivity by linking the Unified Payments Interface (UPI) and Lanka Pay.

India and the UK launched the talks for an FTA in January 2022 with a view to boost economic ties between the two nations. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights.

Indian Oil Corp and Bharat Petroleum Corp are considering lifting an additional 1 million barrels of oil each from Saudi Aramco in February. The move comes after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months. The Indian Oil Corp is also seeking more […]