INDIA GERMANY TRADE

India to remain strict on quality: Industry minister Piyush Goyal

India's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies are eager to invest in India across various sectors. Goyal mentioned India's advantages in decarbonisation amidst competition from Europe’s carbon border adjustment mechanism. Discussions on free trade agreements indicate significant potential for job creation in India.

India's exports to Germany could cross $50 billion by 2030: ASSOCHAM

ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.

These large-, mid- and small-cap stocks can give more than 20% return in 1 year, according to analysts

There is really no doubt about what will happen in the short term. It is going to be tough. Trying to guess the exact day when things will improve is a waste of effort. But a frightened market is exactly when it helps to look the other way. Because markets go too far in both directions, not only the one that is hurting today.

Piyush Goyal roasts Europe on climate change: Watch Union Minister’s ‘epic’ reply to EU in Germany that’s going viral

Watch Piyush Goyal questioning European countries over climate finance commitments at the Berlin Global Dialogue in Germany. The Union Commerce Minister highlighted historical carbon emissions, India's development needs and the $100 billion climate finance pledge while raising concerns about the EU's carbon border tax.

Trump declares wind turbine imports as threat to national security; India among top suppliers

US President Donald Trump recently declared that imports of wind turbines pose a threat to national security. The declaration followed a Commerce Department investigation focusing on cybersecurity issues related to foreign-made equipment. Trump cited concerns regarding foreign reliance and interruptions to radar systems and air traffic operations. Instead of imposing immediate tariffs, he directed trade officials to negotiate with partners.

'The problem was caused by you': Commerce Minister Piyush Goyal calls out Europe over carbon emissions

Union Commerce Minister Piyush Goyal said India accounts for less than 3% of global carbon emissions despite representing 17% of the world's population. Speaking in Berlin, he said Europe's per capita emissions and environmental impact were seven to eight times higher than India's.

India-Germany trade can surge 10-fold, says Piyush Goyal

India-Germany bilateral trade is expected to increase significantly, with aims of reaching 310 billion from 31 billion. Both countries are focused on co-creating and leveraging their complementary strengths for economic growth. The India-EU free trade agreement is anticipated to be signed soon and will facilitate mutual benefits. Minister Piyush Goyal emphasized the importance of trust and cooperation between the nations.

Berlin Global Dialogue: EU inviting disaster through carbon tax, says Piyush Goyal

Piyush Goyal expressed concerns over the EU's carbon tax and numerous regulations impacting their steel industry. He warned that these measures could lead to increased costs and decreased competitiveness for EU businesses. Goyal highlighted that the high import duties and standards could harm the economy and raise the cost of living. He mentioned the reciprocal nature of trade regulations in response to the EU's actions.

EU carbon tax: Piyush Goyal asks Europe not to 'invite disaster' or 'shoot themselves in the foot'

Goyal said the EU had accumulated around 75-77 regulations, arguing that repeated additions were increasing the compliance burden on businesses and making them less competitive in global markets.

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.

‘Trust is hardest currency in commerce today’: Piyush Goyal sets €310 bn India-Germany trade target

Domestic cos need strategic approach to tap India-Europe FTA gains: FICCI

Indian companies must adopt a strategic approach to fully leverage the European free trade agreement benefits, as tariff concessions alone may not suffice. The focus should be on product quality, market penetration, and building significant relationships with European buyers. Compliance with European standards will be crucial for export success, particularly for small enterprises.

India set to meet 2030 green goals, but UN issues a global warning

India is expected to meet its 2030 and 2035 climate targets due to ambitious renewable energy initiatives. The UN report highlights the global emissions gap, which needs urgent addressing to limit warming. Current policies may lead to a temperature rise of 2.8 degrees Celsius, indicating insufficient global commitment. However, India's actions stand out, with projects such as the Carbon Credit Trading Scheme showing promise.

Piyush Goyal to explore trade, investment avenues in Germany & Netherlands

Commerce and industry minister Piyush Goyal is set to visit Germany and the Netherlands for trade engagements. He will participate in the Berlin Global Dialogue and meet various government officials in Germany. The focus will be on technological cooperation, clean technology, and the India-EU FTA negotiations. In the Netherlands, Goyal will hold ministerial meetings to explore expanded trade channels and green transition initiatives.

India presents a compelling investment proposition for German firms, FICCI says

Indian industry is poised for growth as German companies are encouraged to invest in manufacturing capacities. The upcoming India-European Union free trade agreement aims to strengthen trade ties and foster economic partnerships. Opportunities exist in sectors such as automotive technologies and renewable energy as urbanisation and incomes rise. The bilateral trade has seen an increase, highlighting the growing economic relationship.

Bonfiglioli Transmissions IPO allotment today; GMP signals 23% listing gain. Here's how to check status

Bonfiglioli Transmissions’ Rs 2,533.66 crore IPO was subscribed 46.05 times, with allotment expected to be finalised today. Shares are scheduled to list on the BSE and NSE on October 23, while a grey market premium of around 23% points to potential listing gains.

From rocks to riches: India’s unfinished critical minerals story

India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import dependence.

Charting the global economy: Inflationary pressures mount in US

A broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the months ahead.

‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala Sitharaman

Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non-tariff barriers causing problems for Indian exporters. The Finance Minister advocated for promoting rupee-denominated trade settlements to assist nations experiencing hard currency shortages. Sitharaman emphasized the importance of public investment in infrastructure to bolster economic growth despite global disruptions.

India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit

India's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and engineering goods. At the same time, imports rose by only 8%, leading to a reduced trade deficit of $30.21 billion. This export growth reflects a sustained positive trend in the second quarter of the current fiscal year. Notably, gold imports fell sharply by 81.27%, impacting overall import figures.

‘Middle powers’ grapple with new survival strategies under Trump era

Middle-power countries like India, Canada, and the UK are navigating a transformed global landscape. They face challenges from supply chain disruptions caused by geopolitical tensions and competition between superpowers. Leaders at the New Economy Forum emphasized the importance of collaboration among these nations for mutual benefits. Strategies discussed included diversifying trade partners and enhancing resilience in supply chains.

Slow outflows, sure, but inflows? That’s RBI’s real challenge

RBI is currently dealing with substantial capital outflows and currency devaluation pressures in the economy. Recent market operations indicate underlying issues despite maintaining a 7.8 percent growth rate. The ineffective measures may not resolve the fundamental demand stemming from trade concerns. Foreign direct investment needs to focus on long-term capital and technology rather than short-term financial inflows.

Global semiconductor stocks sell-off over AI boom worries pulls Asian shares lower

Global equities showed mixed performance, with Asian markets notably declining due to major setbacks in semiconductor stocks. A steep fall in South Korea's Kospi index raised alarms for investors worried about competition from the Chinese behemoth CXMT. Japan faced a downturn as key players like Tokyo Electron and SoftBank struggled.