INDIA EXPORT NEWS
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
Russia's service sector stagnates, output rises marginally in October
Russia's service sector showed minimal growth in October, with a decrease in orders for the first time in three months. New businesses also fell, indicating a concerning trend amid declining export demand. Employment exhibited a marginal increase after a prolonged period of job cuts across the economy. Input cost inflation rose as firms adjusted selling prices to manage higher costs.
US Midterms mandate 2026: Republican fortunes go south as another war flips the script
Trump's Iran war, tariffs and economic policies have fuelled voter discontent, helping Democrats make sweeping gains in the 2026 US midterms, including in Republican strongholds Texas and Kansas. The results raise questions about Trump's political influence, the future of MAGA and the Republican Party's prospects as it looks towards 2028.
Bangladesh deploys additional paramilitary forces as garment workers' protests continue
Protests by garment workers in Bangladesh have persisted for five days due to demands for higher wages. Authorities have deployed additional paramilitary forces to manage the ongoing unrest in various industrial areas. BNP activists are actively attempting to maintain order while claiming infiltrators from the disbanded Awami League are causing chaos. A special tribunal has established a Wage Board to address worker concerns regarding compensation.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
Nissan Motor India’s October sales fall 14% as exports drop 35%
Nissan Motor India reported a 14 percent decrease in total sales during October, reflecting weak exports. The company achieved a significant domestic sales increase of 50 percent compared to last year. Total vehicle dispatches fell to 8,310 units from 9,674 units in the previous period. Exports dropped sharply, declining by 35 percent to 4,710 units. The managing director highlighted ongoing customer confidence and focus on enhanced ownership experiences.
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China’s 5,000-ton digging machines are a trade war risk to India
China is tightening export controls on tunnel-boring machines and other specialised construction equipment, raising concerns that the restrictions could disrupt India's infrastructure projects, particularly along the disputed Himalayan border.
Honda Cars India’s October sales fall 23% as exports plunge 88%
Honda Cars India reported a 23% year-on-year decline in total sales to 8,082 units in October, as exports plunged 88% to 473 units. Domestic sales rose to 7,609 units from 6,394 a year earlier, supported by festive demand and a strong response to the recently launched Honda Elevate.
Government should support both job-creating and frontier industries: EAC-PM chairman Dev
S Mahendra Dev highlighted the importance of supporting job-creating and frontier industries for future economic growth. He mentioned that sectors like textiles and technology can significantly enhance India's industrial landscape. The need for improved competitiveness and product quality in various firms was also emphasised. Furthermore, land availability and global supply chain shifts present unique opportunities for India. Overall, addressing these challenges is crucial for the country's industrial transformation ahead.
Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO
Meesho cut its losses in the July-September quarter, while growth continued. This and more in today’s ETtech Top 5.
A win that defied all odds
Luiz Inacio Lula da Silva won the Brazilian presidential election on October 25 after trailing in the first round. His victory was supported by massive rallies and social media strategy, especially in Minas Gerais. Lula appointed allies as key partners to strengthen his government while also facing significant opposition in Congress. Global leaders, including Narendra Modi, quickly congratulated him on his election.
Ashwini Vaishnaw says mobile PLI scheme generated Rs 25,000 crore in direct taxes, employs 12 lakh people
India's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against Rs 19,000 crore paid in incentives, Union IT Minister Ashwini Vaishnaw said. The scheme has also supported employment, with mobile manufacturing accounting for 12 lakh jobs. The government is now looking to expand domestic production, boost component sourcing and strengthen India's electronics manufacturing ecosystem through a new Rs 62,500 crore scheme.
Volkswagen freezes India EV investment as JSW partnership talks continue
Volkswagen has paused further investment in its India electric-vehicle programme pending greater clarity on a potential partnership with Sajjan Jindal’s JSW Group. The German automaker has completed preliminary design work using a low-cost EV platform developed for China but awaits a clearer business plan. The pause could delay its India EV push as competition intensifies and affordable electric-car sales accelerate.
Oil Price Today (October 23): Crude oil ticks over $114, jumps nearly 8% this week as energy attacks intensify. What are experts saying?
Brent crude futures rose 50 cents, or 0.45%, to $114.02 a barrel, while US West Texas Intermediate (WTI) crude gained 40 cents, or 0.42%, to $100.
AI fear makes companies look powerful and helps them raise funds: Andrew Ng
In an exclusive interview with The Economic Times Digital, Andrew Ng argues that the immediate challenge is to prepare people for work that increasingly involves AI. He notes that computer science students, who have never used a coding agent or are connected to an advanced AI model, even as those skills become essential, continue to graduate from universities.
Akash Ambani charts Jio’s next phase of growth with satellites, 6G and AI
Akash Ambani outlined Jio Platforms' future focus on satellite communications, pre-6G patents, and AI integration. The company is developing an indigenous satellite communications stack aimed at expanding home broadband services. Ambani revealed Jio's patent strategy aligns with India's goal of 10% global 6G patents originating domestically. Jio's AI initiatives seek to innovate and improve traditional voice and data services for Indian consumers.
Ukraine in talks with India, other partners to open Black Sea grain corridor
Ukraine is engaged in discussions with Turkey, Egypt, and India regarding Black Sea agricultural exports. The country's food exports heavily depend on its Black Sea ports for shipping capacity. President Volodymyr Zelenskyy indicated that Russia opposes these negotiations despite intermediary calls. Kyiv is also seeking the European Union's support to restore grain export programs. Currently, Ukraine can only export a fraction of its usual grain volumes due to ongoing challenges.
PhonePe sees opportunity to bring everyday savers into equities with PhonePe Invest: Rahul Chari
PhonePe on Monday rebranded its investing and trading platform Share.Market as PhonePe Invest, bringing it into its broader financial ecosystem. The platform combines stocks, IPOs, mutual funds and F&O offerings with a newly launched Portfolio Optimiser, a proprietary tool to help users build, review and optimise their portfolios.
Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Here’s why
Brent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texas Intermediate crude declined 53 cents, or 0.52%, to $100.88 a barrel.
FMCG stocks lost their tag of defensive stocks, will they get it back? 7 FMCG stocks with an upside potential of up to 32%
Those who have been following the market for long know this: When there is nervousness on the street, money instinctively moves towards a particular sector. That is the one with companies that sell soaps, biscuits, tea – all the everyday things that people buy whether the news is good or bad. Yes, we are talking about the FMCG sector.
AI to create many winners as large companies lead funding: Cisco CEO Chuck Robbins
In an interview with Subhayan Chakraborty and Surabhi Agarwal, Robbins, who is on an India visit, said artificial intelligence will be bigger than the internet and that it's being driven by large companies with strong balance sheets, but warned that many startups and capital could disappear.
‘Russian diesel won’t help US, it shows double standards on India’: Margarita M. Balmaceda, Professor at Seton Hall University
Margarita M. Balmaceda examines the hidden dynamics of energy dependency between Russia and other nations. The discussion highlights Russia's role as a 'Trojan horse' in energy politics. Recent diesel deals between the US and Russia may have limited short-term benefits for American consumers. Additionally, the implications of these deals could adversely impact Ukraine's situation. This situation reflects a troubling double standard in international energy relations.
Oil Price Today (October 14): Crude oil gains to $107 as Houthis attack Saudi Aramco building in new attacks. What are experts saying?
Brent crude futures rose $1.40, or 1.35%, to $107.35 a barrel, while US West Texas Intermediate (WTI) crude futures gained $1.24, or 1.32%, to $95.38. Brent had fallen 0.9% on Tuesday, while WTI rose 0.4%.
Adani, Jabil sign MoU for AI & data centre equipment JV
Adani Enterprises and Jabil are forming a joint venture to manufacture artificial intelligence and data centre equipment in India. This venture aims to produce AI racks, servers, storage, and networking equipment for data centres. Furthermore, it will include equipment needed for power supply and cooling systems. The companies anticipate meeting both domestic demand and supporting exports in the market.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
A piece of advice for those who still have the stomach to invest in the current volatile market. Don’t take any price action as the gospel truth; look beyond the index movements. And, finally, be both cautious and selective in your stock picks.
Stellantis, Tata Motors ink passenger vehicle manufacturing pact for global markets
Stellantis has formed a partnership with Tata Motors Passenger Vehicles for vehicle production in India. This collaboration will leverage Tata's advanced technology and Stellantis' engineering expertise for competitive vehicle development. A new Jeep SUV will be produced based on Tata's Argos platform, further enhancing export potential. The vehicles will be manufactured at the Ranjangaon facility under a joint venture.
School Assembly News Headlines, October 13, 2026: Check national, international, business, sports updates and thought of the day
School Assembly News Headlines: School assemblies play a crucial role in keeping students informed about the world around them. Current national news encompasses significant court rulings, critical debates on protest locations, and pressing human rights matters. On the global stage, attention is on the upcoming midterm elections and this year's Nobel Prize winners in economics. Meanwhile, in sports, India's impressive T20 victory over the West Indies and the hockey team's commendable performance are noteworthy.
Republican, Democratic US senators say Trump's diesel deal with Russia is illegal
A bipartisan group of seven US senators has questioned the legality of President Trump's diesel import deal with Russia. They highlight Congress's ban on Russian energy imports established in 2022 due to the Ukraine conflict. The senators argue that Trump's decision violates this law and failed to communicate with Congress. Concerns arise over the potential financial benefits to Russia amidst ongoing civilian casualties in Ukraine.
Centre of forging partnerships
India's leaders are forging new international economic partnerships, particularly in technology, energy, and manufacturing sectors. The country is experiencing significant growth in renewable energy, further enhancing its energy security. Domestic investments are rising, with GIFT City attracting considerable international capital. Collaborations between government and business can lead to mutual benefits in various sectors. A focus on dialogue and cooperation is crucial as India seeks to expand its global influence.
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