India is set to contest proposed US tariffs on its exports next week, arguing that the US Trade Representative’s findings on alleged forced labour are legally flawed. Indian officials and industry bodies will present counter-arguments, emphasizing the country’s robust legal framework and compliance systems. They contend the tariffs would harm both Indian exporters and American
India aims for a monumental $1 trillion in exports this fiscal year, a goal enthusiastically embraced by industry and policymakers. Union Minister Piyush Goyal confirmed the ambitious target, highlighting strong growth in both merchandise and services sectors. Recent free trade agreements and a seven-point action plan are set to bolster this drive, with a significant
India’s IT Minister Ashwini Vaishnaw has ordered officials to summon Meta following reports of Instagram advertisements featuring child sexual abuse material. This action highlights growing concerns about objectionable content on social media and the effectiveness of content moderation on platforms like Instagram. The ministry is seeking answers regarding the platform’s handling of such serious issues.
Indian equity benchmarks closed higher on Friday, buoyed by positive global sentiment, falling crude oil prices, and anticipation of a softer interest rate environment. The Nifty 50 and BSE Sensex both saw gains, with the Nifty 50 ending the week nearly 1% up. Realty and IT sectors led the gains, while PSU Banks and Auto
Despite tariffs, EU-US trade hit a record €875 billion last year. However, a new study reveals underlying strain, particularly for Germany’s auto sector, which saw a significant export drop. While Ireland’s pharmaceutical exports surged, masking regional weakness, services trade also reached new heights, though the EU faced a deficit. The report warns against further tariff
Petrol and diesel prices in India have risen by around Rs 7.5 per litre since May 15. The first hike in the retail rates came over two and a half months after the US-Iran war began. Private retailer Nayara Energy has already cut rates of petrol and diesel.
The proposal has gained traction following multiple meetings held over the past two weeks involving senior government ministers, officials from the Reserve Bank of India, banks and representatives of the gold industry, the report said.
Delhi’s new EV Policy 2026 aims to accelerate clean mobility by phasing out petrol and CNG two-wheelers by April 2028 and mandating electric three-wheelers from 2027. While offering substantial incentives, a Morgan Stanley report warns that wider adoption by other states could pose a significant challenge for automakers, especially in the two-wheeler segment. The policy
