Business

EU Prioritizes India for Strategic Trade Deal, Aims for Year-End Agreement

The European Union is emphasizing the significance of its strategic relationship with India, underscoring the increasing collaboration in areas such as trade, technology, and security. This partnership aims to culminate in the signing of a pivotal Free Trade Agreement (FTA) by the year's end. As Ireland begins its tenure at the helm of the Council of the European Union, Irish Ambassador Kevin Kelly highlighted...

India’s Oil Import Costs Fall; Fuel Price Reductions Not Expected

For the first time since the onset of the West Asia conflict, India's average crude oil import price has dipped below $70 per barrel, reaching approximately $68.86. This significant drop, representing a decline of over 50% from the peak triggered by the conflict, provides relief to fuel retailers. However, consumers in India should not anticipate an immediate reduction in petrol and diesel prices. The substantial...

Critical Phase in India-US Trade Negotiations as Tariff Deadline Looms

The United States and India have rekindled efforts to finalize an interim trade deal, aiming to iron out significant differences before an upcoming tariff...

India, South Korea Boost Economic Ties Through Trade and Technology Discussions

In a significant move to fortify their strategic partnership, India and South Korea engaged in a high-level dialogue centered on enhancing cooperation across a...

India-UK Trade Deal Finalized by Starmer Prior to Resignation Announcement

In a significant diplomatic achievement, British Prime Minister Keir Starmer has secured the completion of the much-anticipated India-UK Free Trade Agreement (FTA) just before...

Gold Prices Drop Amid Uncertain US-Iran Peace Negotiations Affecting Demand

Gold prices experienced a decline this week, with the market responding to the continuous ambiguity surrounding US-Iran discussions aimed at resolving the broader conflict...

Business Concerns Rise Over Tata Steel’s Port Talbot Project Delay.

Trade unions are urging the UK government to expedite the connection of Tata Steel's new electric arc furnace at Port Talbot to the electricity...

Modi, Rodríguez Explore Long-Term Energy, Mineral Business Opportunities

In New Delhi, Prime Minister Narendra Modi and Venezuela’s acting President Delcy Rodríguez engaged in discussions aimed at bolstering bilateral cooperation, focusing heavily on...

Repo Rate Holds at 5.25% Due to Global Economic Instability

The Reserve Bank of India (RBI) has opted to maintain its policy repo rate at 5.25%, continuing its neutral stance on monetary policy. This...

Canada-India Accelerate Economic Partnership for Enhanced Trade Opportunities

In a significant development for international trade, Mark Carney has labeled the proposed free trade agreement with India as a potential "game changer." This...

Rubio’s India Visit Highlights Economic Discussions Amidst US-India Trade Tensions

US Secretary of State Marco Rubio touched down in India on Saturday, embarking on a four-day mission designed to bolster strategic partnerships and enhance...

India-Italy Strategic Agreement Targets €20 Billion Trade by 2029

India and Italy have elevated their diplomatic ties to a special strategic partnership, setting a target to increase bilateral trade to €20 billion by...