FIRST PHASE TRADE DEAL
India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal
India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.
Canada taking advantage of US, but getting close to deal: Donald Trump
US President Donald Trump accused Canada of exploiting the United States through trade imbalances, claiming Ottawa had made $90 billion annually at Washington's expense for years. Speaking ahead of a Michigan rally, Trump said negotiations were progressing towards a deal, but stressed he wanted a long-term agreement favourable to the American economy.
India-US ties shift to deal-making as Trump's Iran policy looms
India must adapt to a US relationship driven by pragmatic deal-making, rethink its diaspora policy amid anti-immigrant sentiment, and play a bigger role in easing Iran tensions and shaping the global order.
India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group says
The British government said "iconic UK products" like whiskies would benefit from the pact. Indian investigators, however, have privately told companies the reduced rate does not apply to bulk Scotch concentrates, creating the first significant dispute over the free trade agreement since it took effect.
First tanker of Russian diesel sets sail for the US in Trump's controversial deal with Putin
A tanker transporting Russian diesel to the United States has departed, signaling a new import agreement. This deal has raised concerns in Ukraine due to Russia's ongoing invasion. U.S. political figures criticized the agreement as it contravenes existing American laws and may benefit Moscow. Ukrainian President Volodymyr Zelenskyy expressed disappointment over the decision and its potential impacts.
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Qatar Energy locks in US LNG supply from Cheniere as Hormuz disruption drags on
Qatar Energy has signed a significant liquefied natural gas agreement with Cheniere Energy to purchase 4 million metric tons annually. The deal ensures supply flexibility as tensions in the Strait of Hormuz could affect exports. Two million metric tons per year will come from Cheniere's Sabine Pass facility, while the remaining will be sourced from Corpus Christi.
India-EU trade deal could become operational in early-2027, Piyush Goyal says
India's trade minister Piyush Goyal announced that the EU FTA is expected to be signed soon. After signing, the FTA could be operational within four to five months. The deal aims to boost market access and bilateral trade between India and the EU significantly. Goyal emphasized the importance of collaboration in various sectors to maximize mutual benefits.
‘It's never done till it's done’: Jaishankar on India-US trade deal
India's External Affairs Minister S. Jaishankar confirmed the progress towards a bilateral trade agreement with the US. Negotiating teams are working to finalize outstanding issues that could pose challenges ahead. US Secretary of State Marco Rubio also emphasized that both countries are very close to concluding the deal. Discussions have included various sectors such as trade, energy, and technology partnerships.
BrahMos CEO says Operation Sindoor boosts missile’s global appeal
BrahMos Aerospace's CEO highlights the missile system's effectiveness during Operation Sindoor against Pakistan. The recent launches have attracted global attention and further cemented India's defense export ambitions. Significant contracts have been signed with countries like the Philippines, Indonesia, and Vietnam. Future projects include a new generation missile and a long-range variant to enhance India's capabilities. India's defense exports are projected to continue their rapid growth in the coming years.
Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in country
Grab, Southeast Asia's biggest ride-hailing and delivery firm, said in March it would pay $600 million in cash for the Foodpanda delivery business in Taiwan, in its first expansion outside the region.
Dr Reddy's gets DCGI nod for Zytorvi in advanced esophageal cancer
Dr Reddy's Laboratories has received approval for Zytorvi, an immunotherapy targeting advanced esophageal squamous cell carcinoma. This new indication allows treatment for adult patients with a combination of toripalimab, cisplatin, and paclitaxel. Approximately 80 percent of esophageal cancer cases in India are attributed to esophageal squamous cell carcinoma. The approval derives from positive results in the Phase 3 JUPITER-06 trial.
Why is market rising today? Sensex jumps 800 points, Nifty above 23,050. 5 key factors behind D-Street rebound
The Sensex and Nifty rallied nearly 1% as strong Q2 earnings, gains in IT stocks, rupee appreciation and attractive largecap valuations lifted sentiment. However, elevated crude oil prices and rising bond yields remain key risks. Analysts expect market movements to remain stock-specific and driven by corporate earnings.
India-US trade deal ‘pretty close’, Trump says; will be very different from earlier pacts
The US and India are reportedly close to finalizing a new trade deal. President Donald Trump indicated that this deal would be significantly different from prior agreements. Secretary of State Marco Rubio's visit to India aims to strengthen various bilateral relations. Commerce Minister Piyush Goyal recently engaged with US Trade Representative Jamieson Greer to discuss the trade deal. The discussions follow the recent framework finalization of the bilateral trade agreement.
As slow as an India-US trade deal
Negotiations regarding the India-US trade deal have been prolonged and frustrating, leading to a new idiom describing their pace. The phrase 'as slow as an India-US trade deal' has emerged to encapsulate these endless discussions. Announcements of being 'almost complete' often indicate further delays rather than progress. Each new statement regarding negotiations seems to suggest more ongoing discussions rather than any conclusion.
Vietnam's export boom offers India six lessons for growth
Vietnam’s export success offers India six lessons: simplify tariffs, strengthen top-level industry engagement, expand free trade access, ease local content rules and ensure predictable taxes to attract global supply chains and boost exports.
New Zealand firm Valocity secures biggest-ever deal on day one of India FTA: PM Luxon
Auckland-based property technology company Valocity has secured the biggest deal in its history on the first day of the India-New Zealand Free Trade Agreement (FTA), New Zealand Prime Minister Christopher Luxon said. Highlighting the agreement's potential to boost business opportunities, Luxon said the trade pact would help New Zealand companies expand overseas while creating jobs and raising incomes at home.
Trade deal 'very close' to finalisation: Rubio
US Secretary of State Marco Rubio will meet with Maharashtra Chief Minister Devendra Fadnavis and External Affairs Minister S Jaishankar. During his visit, Rubio mentioned that the India-US trade deal is close to being finalized. He expressed the need to balance global energy concerns while managing sanctions linked to Russian oil. Additionally, Rubio plans to meet business leaders in Mumbai, including Gautam Adani and N Chandrasekaran.
Tariff quota notified for New Zealand fruits, honey
Kiwifruit imports will qualify for zero customs duty under the tariff rate quota (TRQ), subject to a minimum CIF value of $1.80 per kg while 40 tonnes of New Zealand-certified Manuka honey under the quota have been permitted for 2026. The annual limit will increase to 200 tonnes from 2027.
US very close to finalising trade deal with India, says Marco Rubio
US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.
Exporters may be asked to monitor supply chains' indirect emissions
The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current frameworks focus on direct emissions and exclude indirect ones, making compliance more complex. As a result, industries, especially MSMEs, may face compliance burdens if new requirements are implemented. Ultimately, the aim is to ensure that Indian exporters remain competitive in international markets.
What is holding up the US-India trade deal?
US Secretary of State Marco Rubio will visit India next week to strengthen bilateral relations and discuss trade issues. His meetings will take place in Mumbai and Jamnagar, focusing on investment and energy. The two countries have faced considerable delays in finalizing a trade agreement due to several ongoing challenges.
India-US trade pact in last leg of legal drafting, says Piyush Goyal
India is currently in the final stages of legal drafting for a trade agreement with the US, which is expected to be operational soon. The agreement, following sessions with US trade representatives, aims to ensure preferential access for Indian exporters. Indian officials hope for tariff stability and seek resolution on outstanding issues before the deal is signed.
Indian trade secretary Rajesh Agrawal says first phase of US trade deal finalised
India's trade secretary announced that the first phase of a trade deal with the United States is finalized. Legal drafting for the deal is currently taking place, signaling progress in negotiations. The anticipated agreement aims for preferential market access and greater tariff stability for India. US Secretary of State Marco Rubio plans to visit India to discuss further economic ties and energy cooperation.
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