CTI urges Delhi govt to host shopping festivals on lines of Dubai, China

The Chamber of Trade and Industry has requested the Delhi government to organize large shopping festivals and business fairs, similar to those in Dubai and China, to stimulate trade and tourism. CTI Chairman Brijesh Goyal emphasized that these festivals would boost local trade, create jobs, and generate revenue. Minister Kapil Mishra welcomed the idea and […]

GHV Infra Projects secures a significant EPC contract. The contract is worth Rs 2,645 crore from Rana Exim FZ-LLC in the UAE. The project involves developing a smart manufacturing hub. It will be located at Ras Al Khaimah Economic Zone. The project is expected to be completed within 24 months.

The United States has levied high tariffs on India, potentially affecting a significant portion of Indian exports. This move places India among the most heavily penalized nations under the new tariff regime. Ongoing trade negotiations between India and the US aim to address these concerns. The Indian government downplays the impact, emphasizing its commitment to […]

US President Donald Trump suggested India might halt Russian oil purchases, calling it a positive step. However, India defended its right to formulate energy policies based on national interests and market dynamics. Amidst this, the US imposed tariffs on Indian goods, citing high tariffs imposed by India, even as trade negotiations continue between the two […]

India has officially announced sugar exports of 5,841 tonnes to the European Union under the tariff-rate quota scheme for the year 2025-26. The Director General of Foreign Trade issued a public notice regarding this notification. A Certificate of Origin, if needed, will be issued by the Additional DGFT, Mumbai, based on APEDA’s recommendation.

The Swadeshi Jagran Manch (SJM) criticized the United States for employing coercive tactics to penetrate sensitive Indian markets. Urging the government to prioritize national interests, SJM advocated for strategic autonomy and a multipolar trade system. They emphasized the importance of protecting farmers, small industries, and India’s long-term economic self-reliance, while advancing ‘Aatmanirbhar Bharat’.

A reset in India-US trade talks may be needed, potentially through a conversation between President Trump and Prime Minister Modi, according to Mark Linscott. Despite new tariffs and criticisms from Trump, Linscott sees the situation as a “hiccup,” emphasizing the US desire for a short-term agreement followed by a longer-term bilateral trade deal.

Atul Keshap, President of the US-India Business Council, addressed the US tariff imposition on India, highlighting the nervousness among American and Indian companies due to the uncertainty. He stressed the importance of a mutually beneficial deal to foster economic growth and achieve the $500 billion trade target.

US Secretary of State Marco Rubio expressed Washington’s frustration over India’s continued purchase of Russian oil, stating it supports Moscow’s war efforts in Ukraine and strains the US-India relationship. Despite India’s energy needs and the discounted price of Russian oil due to sanctions, Rubio highlighted that this trade helps fund the ongoing conflict.

Donald Trump criticized India’s economy and tariffs. He also questioned India’s ties with Russia. This happened before trade talks between the US and India. India responded by saying it would protect its interests. Piyush Goyal said the government is examining the implications of the latest tariffs. India is consulting with stakeholders. The government ruled out […]