New Delhi: India’s textiles exports to the European Union will get a major boost as it will get duty-free access in the 27-nation bloc, the commerce ministry said on Tuesday. At present, the import duty on Indian textiles in the EU ranges from 0 to 12 per cent. “Gaining zero duty access in textiles and…
NEW DELHI: (Jan 27) India and the European Union on Tuesday sealed a landmark free trade agreement– billed as the “mother of all deals” — to create a market of two billion people with Prime Minister Narendra Modi and the top EU leadership unveiling a transformative five-year agenda to largely leverage trade and defence in…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday participated in a traditional ‘halwa’ ceremony, marking the final stage for the preparation of the Union Budget 2026-27, to be unveiled on February 1 in the Lok Sabha. The ceremony took place at the North Block on Raisina Hill, the old address of the Finance Ministry, as…
New Delhi: Prime Minister Narendra Modi on Tuesday said India’s energy sector offers USD 500 billion investment opportunities and urged global investors to invest in the country. Addressing the India Energy Week 2026, he said, “India is a land of opportunities for the energy sector as demand is continuously increasing … India will soon become…
New Delhi: India and the European Union (EU) have concluded official-level negotiations for the proposed free trade agreement, which will help boost two-way commerce and strengthen economic ties between the two sides, Commerce Secretary Rajesh Agrawal said on Monday. “Official-level negotiations are being concluded, and both sides are all set to announce the successful conclusion…
In global commodity markets, gold retains its status as a monetary hedge, while silver exhibits pronounced volatility. However, copper—termed “Dr. Copper” for its sensitivity to economic cycles—has emerged as the pivotal indicator in Q1 2026, underscoring a structural shift toward industrial expansion. This trajectory reflects fundamental demand drivers rather than speculative fervor. With global manufacturing…
Betul (Goa): Reliance Industries Ltd, India’s biggest buyer of Russian crude oil, has not bought any barrels from Kremlin in January so far, while state-run refiners have stepped up imports prompted by discounts hitting some USD 7 per barrel, almost triple the level seen in mid-2025. Reliance, which was touted as the world’s biggest buyer…
New Delhi: India and the European Union are set to announce on January 27 the conclusion of negotiations and finalisation of a free trade agreement, which is aimed at boosting economic ties between the two regions amid disruptions in global trade due to US tariffs, an official said. The pact is nearing the finishing line…
New York: US Treasury Secretary Scott Bessent said there is a “path” to remove the 25 per cent tariffs imposed on India for buying Russian oil, noting that such purchases by Delhi from Moscow have “collapsed”. United States President Donald Trump has imposed 50 per cent tariffs on India, including 25 per cent for its…
Mumbai: Maharashtra has signed MoUs of Rs 30 lakh crore at the World Economic Forum (WEF) in Davos which can create up to 40 lakh jobs in areas ranging from industries, services, agriculture, and technology, Chief Minister Devendra Fadnavis said on Thursday. Holding a virtual news conference from the Swiss city, Fadnavis said talks are…
