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INCREASE TARIFFS ON IMPORTED AUTOMOBILES
Exports up 15% despite global headwinds: Commerce and industry minister Piyush GoyalIndia's merchandise exports saw a robust 15% year-on-year growth in April-June, defying global economic headwinds, according to Commerce Mi...
India, US to hold ministerial-level talks on bilateral trade pact this weekIn a significant development, India and the US are set to conclude the first phase of their trade agreement this week. Commerce Minister Pi...
Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
Maruti Suzuki, M&M & Tata Motors eye UK fast lane under trade pactIndian carmakers are set to boost their electric vehicle exports to the UK following a new trade agreement. This pact allows duty-free ship...
India, Uzbekistan aim to double bilateral trade in 3 yearsIndia and Uzbekistan are set to significantly boost bilateral trade, aiming to double it within three years. Discussions at the recent Inte...
In 1903, a chemist noticed a dropped glass flask hadn’t shattered completely; it led to safety glass that still protects millions of people todayFrench chemist Édouard Bénédictus is credited with a pivotal role in developing laminated safety glass, a material that revolutionized how ...
India’s trade strategy: Moving beyond FTAsCurrently, India’s FTA utilisation rate hovers around 25% compared to 70-80% in developed economies.
US launches trade investigation into Germany over drug pricingAmerica has started a trade probe into Germany's plan to cut pharmaceutical spending. U.S. Trade Representative Jamieson Greer stated the i...
Trump’s copper tariff decision hangs over global metal marketThe global copper market is on edge as President Trump weighs imposing tariffs on refined copper imports. A decision, expected soon, could ...
NTPC installs 5 GWh battery storage at coal plants in Rs 5,000 crore push to cut renewable curtailmentNTPC is installing 5 gigawatt-hours of battery storage at its coal power plants. This initiative aims to reduce renewable energy that goes ...
In 1912, Cadillac fitted 12,000 cars with Charles Kettering's electric self-starter; the hand-crank era ended, and ordinary drivers could finally start a car safelyIn the early days of the automobile, drivers faced a daunting ritual every time they wanted to hit the road. Cranking the engine by hand wa...
Duty tweaking required to boost domestic aluminium-based manufacturing: GTRIIndia's aluminium sector faces policy distortions. A think tank proposes removing import duties on raw aluminium and adding export duties o...
India-UK FTA levels the playing field for apparel exporters, says Pearl Global's Pallab BanerjeeIndia's apparel exports are set for a significant boost with the new UK Free Trade Agreement, finally removing a long-standing 10-12% tarif...
India-UK free trade deal to take effect on July 15, opening 99% of exports to tariff-free accessIndia and the UK's Comprehensive Economic and Trade Agreement (CETA) will take effect on July 15, granting 99% of Indian exports tariff-fre...
India-UK FTA draws mixed response from liquor industry over Scotch duty cutsThe India-UK Free Trade Agreement is set to begin on July 15. Alcoholic beverage makers welcome the pact, expecting increased trade and a b...
'We did it': Modi, Starmer caught on mic hinting at breakthrough in UK-India trade dealPrime Minister Narendra Modi and UK Prime Minister Keir Starmer were overheard at the G7 summit appearing to confirm a breakthrough in impl...
India takes the shine off silver as imports plunge 82% in May after duty hikeMay witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and re...
India's export outlook is challenging for FY27, but worst is over: Elara SecuritiesIndia's export outlook remains challenging in FY27 amid moderating global demand and elevated electronics imports, but the worst phase appe...
In 1930, two brothers bolted a radio into a car dashboard, and the American road got its own soundtrackIn the revolutionary year of 1930, the Galvin brothers unveiled a groundbreaking invention: the car radio. This pivotal development infused...
US refunds $22 billion in first repayments of Trump's tariffs in MayUS authorities have begun refunding billions in customs duties. This follows a Supreme Court decision invalidating President Donald Trump's...