IMPORT TARIFF EXTENSION
Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost EV adoption
Nitin Gadkari recommended varying electricity rates for electric vehicle charging to enhance usage in Maharashtra. He indicated that costs for traveling in electric vehicles are significantly lower than petrol or diesel cars. Gadkari mentioned the potential for solar power to support cheaper night-time electricity. He provided updates on alternative fuel technologies including electric and hydrogen-powered vehicles. Additionally, Gadkari discussed biofuels, biogas, and their role in environmental sustainability.
US Midterms 2026: Cost of living and government corruption are top issues, AP Voter Poll says
Voters are participating in Election Day to influence control of the U.S. House and Senate. Many electorate members express dissatisfaction with the current economic situation attributed to Trump's policies. Polls indicate a significant desire for checks and balances on the presidency from Congress. Various gubernatorial candidates, along with major ballot measures, also shape the election landscape. Early voting statistics show heightened engagement compared to previous elections and reflect voter concerns.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
Budget 2027: Customs duty relief on 118 goods under review
The Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input from respective line ministries and industry stakeholders regarding these exemptions. Goods under review include materials for power projects and certain medical devices. A focus is on correcting the inverted duty structure to support local manufacturing initiatives. The outcomes of this review will influence the upcoming budget for 2027-28.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
Businesses are divided over whether Washington should propose new tariffs on Vietnamese goods this month, with Tesla and Samsung not in favour, while others have called for penalties, submissions to the US government show.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.
- Go To Page 1
India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantage
The Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning farming, railway safety, tax compliance, public grievances, customs and healthcare. While some tools are already in use, others remain in pilot or development stages.
Import window for duty-free raw sugar extended till Dec 31
The government has extended the deadline for duty-free imports of 10 lakh tonnes of raw sugar to December 31, as domestic imports have lagged at just 3 lakh tonnes due to price control measures. This decision aims to mitigate supply constraints following record high sugar prices linked to reduced domestic production and exports.
As midterms loom, Trump seizes on France unrest for political gain
Protests in France erupt over high inflation, leading to political discussions in the US midterm elections. President Donald Trump cites these events to advocate for stricter immigration policies and bolster support for his party. Analysts suggest that while this strategy may resonate with his base, it overlooks pressing domestic issues prioritized by most voters. Experts note that the economy remains the primary concern among Americans in upcoming elections.
Asia’s resilience masks a growing jobs challenge as AI reshapes work
The Asia-Pacific region has shown resilience despite energy shocks and trade restrictions, with the IMF projecting 4.8% growth. While some economies are adapting to oil shocks, challenges persist, including high fuel prices and public finance sustainability. Many Asian economies face structural issues, including job creation for young populations with underemployment. The impact of AI on labor markets is reshaping skills and knowledge work demands among employers.
China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion deficit
Nirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister reported a staggering trade deficit exceeding $100 billion with China this year, even with improved diplomatic relations. She noted that non-tariff barriers obstruct Indian products, especially generic medicines, from entering China.
Catch a bully by its horns: How India can turn the latest round of US visa curbs affecting Indian techies to its advantage
Visa restrictions imposed by the US on Indian IT companies may impact individuals working on temporary visas. Many Indian workers may now have to return to India due to these restrictions. Despite these challenges, returnees present opportunities for India in emerging technologies and industries. Additionally, India's relationship with the US requires strategic actions to maintain balance in trade and diplomacy.
JIO IPO & Rs 10 lakh crore: Mukesh Ambani added 13 zeros to Dhirubhai’s dream
Jio Platforms will begin subscriptions for its IPO on October 21 and it will conclude on October 23. The record-breaking IPO could see valuation exceed Rs 10 lakh crore.. This IPO forms part of Jio's broader strategy to lower its debt and advance corporate goals. How the company navigates this phase will impact where it goes from here.
Pump price before politics: Is Trump's Russian diesel purchase a necessary compromise or blatant hypocrisy?
Recent actions by Donald Trump to secure Russian diesel imports highlight the complexities of US energy policy, balancing domestic fuel prices against geopolitical strategies. Despite urging allies not to buy Russian oil, the US continues to navigate a delicate landscape where affordable fuel remains a political priority ahead of the midterm elections.
Trump strikes deal with Putin to get diesel in sharp reversal of US policy weeks before midterms
US President Donald Trump revealed a new deal with Russia for diesel imports expected to alleviate high fuel prices. This announcement diverges from recent sanctions aimed at reducing Russian oil revenues due to escalating conflict in Ukraine. Ukrainian President Volodymyr Zelenskyy criticized the agreement, viewing it as detrimental to both Ukraine and global stability. Critics in Congress have labeled the decision as a betrayal of American allies and security interests.
Export schemes extended amid West Asia crisis
The Centre extended the duty refund scheme Remission of Duties and Taxes on Exported Products (RoDTEP) and the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for exporters of apparel, garments and made-ups by three months to December 31 along with continuing the enhanced insurance cover against payment defaults until March 31, 2027, for export consignments to West Asia under the Export Promotion Mission.
Beyond the SIM: Inside Jio and Airtel’s high-stakes AI pivot
Jio and Airtel are taking their rivalry beyond connectivity as both invest heavily in AI-ready data centres, cloud platforms, enterprise tools and consumer services. Their expanding ambitions reveal how India’s telecom giants are positioning themselves for the next phase of AI adoption, where infrastructure, subscriptions and digital services increasingly converge.
Inside McDonald's push to have AI price your Big Mac
McDonald's has implemented artificial intelligence to optimize pricing strategies across its restaurants and franchises. This pricing model analyzes customer willingness to pay, creating variations in prices for identical menu items. Franchisees report pressure to adopt these AI-driven pricing recommendations despite the company's claims of their independence. Concerns regarding antitrust implications are raised as franchises may be seen as competitors.
China, US slash tariffs on USD 30 billion on imports: Chinese Commerce Ministry
In a significant development, China and the United States have finalized ten key outcomes during their recent economic and trade discussions. Among these, both nations agreed to implement reciprocal tariff reductions valued at USD 30 billion on each other's imports.
US and China release reciprocal $30 billion product lists for tariff cuts after Trump-Xi meeting
The United States and China have released lists of products for tariff reductions to boost bilateral trade. The agreement includes around 1,619 U.S. goods and 77 categories of Chinese products. These changes may enhance market access for U.S. businesses and lower consumer prices in the U.S. Economic experts suggest the impact may be limited given the overall trade volumes. Analysts predict continued recovery in U.S.
U.S Stock Market prediction for Monday: Dow, S&P, Nasdaq, Russell 2000 set for low opening, Meta, Tesla, other stocks, factors to watch out today
U.S. Stock Market today, September 28: Tesla dipped 1 per cent after brokerage J.P.Morgan lowered its price target on the stock citing weak deliveries in the third quarter. Meta eased 2.2 per cent after last week's 13 per cent surge.
US-China tariff cuts: $30 billion trade relief plan unveiled; check full list of goods
The US and China have announced plans to reduce tariffs on about $30 billion of imports from each other. This tariff relief follows a meeting between Donald Trump and Xi Jinping aimed at stabilizing trade relations. The agreement is part of efforts to extend the existing trade truce until January while resolving ongoing disputes. Tariff reductions will cover a wide variety of non-sensitive goods to benefit both economies.
China says US trade truce extension creates space to advance talks
China has confirmed a two-month extension of the trade truce with the US following a recent summit. This extension aims to provide a stable policy environment for ongoing discussions and cooperation. Both countries can now assess the previous implementation of their economic arrangement established in October. The extension is expected to give room for advancing trade-related issues effectively. Active discussions are likely to continue, focusing on resolving economic matters.
There wasn’t much to Xi: A red carpet, a fragile truce and the search for US-China stability
During Xi Jinping's state visit to Washington, leaders announced modest tariff cuts and a new dialogue on AI safety. The ongoing US-Iran war significantly affects the strategic relationship between the two powers. A report highlights the US's dependence on Chinese rare earths for military needs amid supply challenges. Strategic stability efforts were explored but ultimately did not yield significant progress toward a lasting agreement.
Pandas then, pandas now: Trump and Xi are well past Nixon-era magic
Donald Trump and Xi Jinping recently met in Washington to symbolize cooperation in US-China relations. The summit featured the announcement of two pandas to Zo Atlanta as a gesture of friendship. They extended a trade truce rather than resolving major economic disputes or tariffs. Despite strategic rivalry, both countries aim to maintain open channels for cooperation.
Tata Steel extends Dutch green steel pact by five months to March 2027
Tata Steel has announced a five-month extension of its sustainable steel production agreement with the Province of North Holland. This extension will allow further discussions to address outstanding matters necessary for a final investment decision. The Green Steel Project aims to achieve healthier and cleaner steel production while improving the living environment. Additionally, Tata Steel is focusing on the safe closure of its coke and gas plants.
India left more exposed to Trump's 100% oil threat as China gets tariff breather
India could find itself more exposed to US tariff pressure over Russian oil after Washington and Beijing extended their Busan trade truce until January 10, 2027, according to GTRI. The think tank's founder Ajay Srivastava argues that China's tariff breathing room leaves New Delhi facing greater risk from Trump's new powers to impose tariffs of up to 100% on major buyers of Russian energy.
Why are American Airlines, United Airlines, Delta Air Lines, others U.S. carriers opposing China President Xi Jinping's idea of adding more direct flights between two countries?
US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, with talks on trade and artificial intelligence and the growing strategic rivalry between the countries all in the spotlight during an elaborate state visit.
'Busan Agreement' explained: What the US-China trade truce means for world trade
US Treasury Secretary Scott Bessent announced the extension of the Busan Agreement until January 10, 2027. This extension allows both sides more time to negotiate without facing immediate tariff threats. The Busan Agreement was initially established to ease trade tensions between the US and China last year. Key areas of focus include agriculture and non-tariff barriers that require further discussion.
Load More
