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NEW DELHI/MUMBAI: India’s steel, aluminium, and copper sectors will continue to face steep US tariffs, as these strategic metals remain subject to US’ Sec 232 provisions tied to national security. While the reciprocal tariff on Indian goods has been reduced from 25% to 18%, tariffs on steel, aluminium, and copper remain at 50%, offering no…
MUMBAI: Reports of an agreement between India and US on a trade deal sparked a sharp rally in the rupee and govt bonds on Tuesday, lifting market sentiment despite the lack of detailed disclosures.The rupee jumped 124 paise to 90.27 against the dollar, its strongest single-day gain in seven years and the best since late…
NEW DELHI: A US-India trade deal is set to add to the already strong growth momentum and revive investor interest for Asia’s third largest economy as uncertainty gives way to optimism.Growth has remained strong and has gathered in strength on the back of a string of reform measures unleashed by the govt including GST rate…
Union minister Piyush Goyal (PTI photo) NEW DELHI: The India-US trade talks have been a series of developments late into the night and Monday was no different. Having just concluded the EU trade deal, most officials in the commerce department had wound up for the day when US President Donald Trump announced that an understanding…
DEA Secretary Anuradha Thakur NEW DELHI: Senior govt officials on Tuesday said finalisation of the India-US trade deal removed a key source of uncertainty for businesses and was expected to support exports and manufacturing, especially after months of pressure from higher tariffs.Anuradha Thakur, secretary, department of economic affairs, said the govt welcomed the finalisation of…
MUMBAI: The RBI is expected to keep interest rates unchanged after the conclusion of the Monetary Policy Committee (MPC) meeting on Feb 6, with economists flagging a pause amid rising inflation, slowing growth, and impending data revisions.“We expect the RBI to pause in the upcoming 6th Feb meeting, maintaining the repo rate at 5.25%,” said…
(L-R) Ishaan Mittal, Ashish Agrawal and Tejeshwi Sharma (File photo) BENGALURU: Three partners at Peak XV Partners — Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma—exited the VC firm in quick succession, marking one of the most significant leadership changes since its separation from Sequoia Capital. Agrawal, who spent over 13 years at the firm, said…
BENGALURU: India’s seafood exports to the US are expected to recover after the latter agreed to reduce tariffs, industry body Seafood Exporters Association of India (SEAI) said.The US is the largest export destination for Indian seafood, with shipments valued at $2.7 billion in 2024-25. However, exports were under pressure in recent months, following the imposition…
NEW DELHI: Drug makers are set to gain clarity under the proposed India-US trade agreement, sharpening expansion plans in the world’s most lucrative pharmaceutical market. While the sector was insulated from punitive US tariffs, the generics business of major companies, including Sun Pharma, Dr Reddy’s and Cipla faced significant headwinds in the third quarter ended…
PM Modi with US President Donald Trump (File photo) NEW DELHI: A day after announcements by PM Modi and US President Donald Trump that the two sides had reached a trade agreement, the govt asserted that sensitive sectors such as agriculture and dairy have been protected and labour-intensive sectors such as textiles, leather, marine products…
