INTERIM TRADE DEAL
What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals
"The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. But obviously it will have some negative impact," Malhotra said during the post-monetary policy press conference in response to a query on the impact on the economy if the trade deal with the US fails to materialise. However, India has concluded or implemented a series of trade agreements in recent months, which could help diversify its export markets.
India and US trade deal still has a few stubborn cards to play: Fitch unit
Negotiations between India and the US have encountered significant sticking points affecting market access and agriculture. US Trade Representative Jamieson Greer noted the identification of all key issues during talks. Finance Minister Nirmala Sitharaman mentioned that negotiations have reached a plateau with limited opportunities for further concessions. India is advocating for more preferential access for its exports. Meanwhile, Washington seeks increased access to the Indian market, especially in agricultural sectors.
India-US trade deal talks may have reached a ‘plateau’, further concessions difficult: Nirmala Sitharaman
During a recent briefing, India's Finance Minister Nirmala Sitharaman announced that talks regarding a trade pact with the US are currently stalled. While she sees some room for advancement, she pointed out the complexities involved in making further concessions. The dialogue also encompasses the trade deficit issues with both the US and China.
Sitharaman sees a ‘plateau’, but India-US trade deal may not be at a dead end yet: GTRI
As India and the US engage in talks for a bilateral trade deal, uncertainties loom over tariff treatments. Finance Minister Nirmala Sitharaman mentioned that the scope for concessions is limited, indicating a plateau. Ajay Srivastava from GTRI cautioned against making unilateral concessions, stressing that additional tariffs might complicate trade relations. An effectively designed interim agreement is crucial for ensuring substantial benefits for India.
US midterms: In crude Ohio rally speech, Trump says he may not help if Democrats win
Donald Trump held a rally in Ohio to support Republican candidates Jon Husted and Vivek Ramaswamy. He criticized Democrats and emphasized the need for voters to participate in the midterms. Trump warned that he would be less inclined to assist Democratic officials if they win key races. Husted faces a tough race against former Senator Sherrod Brown, while Ramaswamy battles Amy Acton.
India goes FTA shopping at G20 as Piyush Goyal works the room with a cart full of trade deals
India's Commerce Minister Piyush Goyal is actively engaged in negotiations for several trade agreements at the G20 meeting. Talks with the US include an interim pact and finalizing issues for a broader agreement. Discussions with Canada aim to conclude a Comprehensive Economic Partnership Agreement by the end of 2026. Existing trade agreements with the UK and Australia are also under review for their implementation and effectiveness.
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India-US trade deal 'not imminent' as 'sticking points' stay, USTR Greer says
US Trade Representative Jamieson Greer said the Trump administration is working with India to finalise a bilateral trade deal, but an agreement is not imminent. Greer said he had a “very constructive conversation” with Commerce Minister Piyush Goyal at the G20 trade ministers meeting and that officials remain engaged.
India-Canada trade target: $70 billion in five years as CEPA talks speed up
Canada and India are targeting an increase in bilateral trade, aspiring to reach USD 70 billion in five years. Ongoing negotiations for a Comprehensive Economic Partnership Agreement are expected to conclude soon. Recently, the fifth round of negotiations is planned to take place in Ottawa on October 5. Both nations have emphasized the importance of collaboration in energy and critical minerals for economic growth.
Piyush Goyal, US trade envoy Greer discuss early conclusion of India-US interim trade deal
Commerce Minister Piyush Goyal held a “productive discussion” with US Trade Representative Jamieson Greer on early conclusion of a mutually beneficial interim trade agreement between India and the US. The meeting came alongside PM Narendra Modi’s conversation with President Donald Trump and Goyal’s participation in the G20 trade ministers’ meeting.
In 2015, a Chicago entrepreneur invested $5,000 in a CFO side hustle; years later, it became a seven-figure business with 16 staff
John Frank started Third Road Management after finding an opportunity to offer strategic, financial and operational aid to small and mid-sized organizations. What started as a side hustle in 2014 led to the company's formal launch in 2015, funded with an initial amount of $5,000 as investment. Frank later moved into the business full-time and established a multi-seven-figure company focused on fractional CFO, Controller and Bookkeeping services.
India-US trade deal: Productive discussion with USTR Greer on early conclusion of interim agreement, says Piyush Goyal
Commerce Minister Piyush Goyal engaged in talks with US Trade Representative Jamieson Greer for a trade agreement. Their discussion occurred during the G-20 Trade Ministers' meeting in Milwaukee, where they addressed bilateral trade issues. Prime Minister Narendra Modi also spoke with the US President to discuss cooperation in various sectors. The trade pact is anticipated to progress once India is provided with competitive advantages in the US market.
US Trade Representative Greer jokes Piyush Goyal is 'trade minister for life' as G20 trade talks open in Milwaukee
US Trade Representative Jamieson Greer opened a two-day G20 trade ministers' meeting in Milwaukee addressing key issues. During the event, Greer emphasized the need to rethink global trade governance and identified four pressing priorities. Union Commerce and Industry Minister Piyush Goyal participated actively, promoting India's position on trade agreements alongside his counterparts. The discussions included initiatives concerning steel overcapacity, forced labour, and the Most-Favoured-Nation principle.
Commerce Minister Goyal meets USTR Greer on sidelines of G20 meet
Piyush Goyal met with Jamieson Greer in Milwaukee to advance discussions on a bilateral trade agreement. This meeting occurred during the G20 Trade Ministerial and follows a conversation between Prime Minister Narendra Modi and US President Donald Trump. Goyal expressed confidence that the trade pact will be finalized once competitive advantages are established. The negotiations are influenced by changes in the US tariff landscape affecting various Asian competitors.
Commerce minister Piyush Goyal woos American companies to co-invest in advanced manufacturing
Commerce and industry minister Piyush Goyal invited American manufacturers to expand in India and partner with Indian SMEs, highlighting opportunities in advanced manufacturing, technology, innovation and resilient supply chains.
India-UAE trade in rupees, dirhams enters double digits: Piyush Goyal
Trade between India and the UAE settled in local currencies has reached double digits, Commerce and Industry Minister Piyush Goyal said Monday. Bilateral trade is also nearing pre-war levels and is expected to recover in coming months. Goyal said businesses are increasingly recognising the benefits of rupee-dirham settlements amid geopolitical disruptions.
Commerce minister Piyush Goyal to visit US for trade talks, G20 ministers’ meeting
Commerce and Industry Minister Piyush Goyal will visit the US from September 29 to October 5 for the G20 Trade Ministers’ meeting and talks with US Trade Representative Jamieson Greer on the India-US bilateral trade agreement.
Cashless health insurance claims: What policyholders can do when hospitals and insurers clash over bills, approvals, and deductions
Inflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. What will it take to fix the system?
Trump rejects Iran’s 7-day ceasefire proposal, expects bombing to resume after US midterms: Report
US President Donald Trump has rejected Iran’s proposal for a seven-day ceasefire and told aides he expects US bombing of Iran to resume after the November midterm elections, The Wall Street Journal reported, citing US officials. The report could not be independently verified by Reuters.
Trump lays out the pomp for Xi but says little about the significant tensions in US-China relations
Presidents Donald Trump and Xi Jinping met for important discussions regarding trade relations and artificial intelligence advancements. Both leaders emphasized maintaining healthy competition to avoid conflict, especially concerning Taiwan. Discussions also touched upon the ongoing war in Iran and China's role in the peace process. The two sides agreed to extend a trade truce while processing trade disagreements.
India-Canada trade deal could be sealed by year-end as PM Modi plans December visit
Canadian Prime Minister Mark Carney announced the expected visit of Prime Minister Narendra Modi to Canada in December. Both countries aim to finalize a trade deal by the end of this year. Commerce Minister Piyush Goyal noted that negotiations for the Comprehensive Economic Partnership Agreement are progressing swiftly. The next round of talks is scheduled to begin on October 5, highlighting the renewed collaboration.
India, Canada & Mexico's $8 trillion trade math looks for cover amid Trump tariff bullet
India is accelerating trade talks with Canada and Mexico as the three countries seek to diversify markets amid disruptions from US tariff policies. India and Canada will hold a fifth round of negotiations from October 5, with a deal potentially being signed during Prime Minister Narendra Modi’s expected Canada visit in December.
New US Sanctions law gives Trump 'additional options' on Russian, Iranian oil: US State Department
The recently signed US sanctions legislation concerning Russian and Iranian oil offers President Trump additional options for dealing with the conflict. There is currently no information available regarding its potential impact on India-US relations, despite India's imports of Russian oil. The Trump administration emphasizes that resolving the Russia-Ukraine conflict remains a priority for them. An interim trade agreement with India is still under consideration, but there are no new updates.
India-US tariff saga under Trump: A look at key turning points
New U.S. tariffs and sanctions legislation create a new flashpoint for India-U.S. relations. Washington imposed tariffs on Indian goods, citing continued Russian oil purchases by New Delhi. The U.S. also proposed tariffs on countries reducing dependence on Russian energy sources. India warned that these actions could negatively impact bilateral trade and engagement. Both nations are working towards a limited trade deal and aim to double bilateral trade.
ET Prime Special Series: Multibagger or IBC - Part 76: Exports are 30%, one customer is 28%, and EV story is still at the starting line
Seventy-six weeks,76 auto ancillary companies. This week, we turn to another legacy supplier that has spent decades building precision-manufacturing capability, a wide customer base, and a presence across tractors, commercial vehicles, construction equipment, and industrial applications. The business has three manufacturing plants and exports to multiple countries. Part 76 looks at how this old supplier has evolved, where its revenue concentration lies, how its financial profile has changed, and what investors should watch beyond the headline numbers.
Coforge hires Egon Zehnder for chairman, independent director search
ET had reported last week that KPMG, the internal auditor of Coforge (formerly NIIT Technologies), had raised concerns that the board evaluation reports were selectively available only to the then NRC chair and chairman, and were not shared with other board members. Among the key findings that were suppressed was the low rating given to the chairman.
Coforge appoints Egon Zehnder to recruit two independent directors
Coforge is hiring Egon Zehnder to find two new independent directors. This follows the recent resignations of its chairman and a committee head. An internal audit flagged governance lapses in their board evaluation handling. The company stated these issues do not impact its operations or financials. Coforge's financial guidance and revenue outlook remain unchanged.
Brookfield looks to buy PGP Glass for up to $1.5 bn from Blackstone
Brookfield is negotiating to acquire PGP Glass from Blackstone for $1.3 billion. This deal marks a significant transaction between two major alternative asset managers in India. Blackstone aims to exit its six-year investment in the glass packaging company. A binding agreement is anticipated within the next two to three weeks. PGP Glass specializes in packaging for cosmetics, spirits, and pharmaceuticals.
Why isn't oil above $100 despite supply disruptions?
Global oil prices remain below one hundred dollars per barrel. Significant volumes continue to flow through the Strait of Hormuz. Gulf exporters utilize alternative routes and means to mitigate shortfalls. Other producers are stepping up output to fill supply gaps. Demand destruction in petrochemicals and fuels remains substantial.
India-US trade deal hinges on preferential tariff advantage over rivals, says Goyal
India is set to wrap up its trade negotiations with the United States shortly. A crucial aspect of this deal includes securing preferential tariffs to outperform its rivals. The minister emphasized that the accord will not undermine any Indian sensitivities. Meanwhile, India is also engaging in discussions for trade agreements with multiple countries to boost the international availability of Indian products.
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