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DKS and CM Siddaramaiah (File pic) KANAKAPURA: Deputy chief minister DK Shivakumar stirred the political pot further on Tuesday, claiming there has, indeed, been “a confidential understanding on leadership transition among five-six leaders” soon after Congress won a landslide in the 2023 elections.Speaking to reporters in his home constituency of Kanakapura, 60km from Bengaluru, Shivakumar…
US secretary of state Marco Rubio (C) attends a discussion with a delegation from Kyiv to end the Russia-Ukraine war in Geneva on Sunday BRUSSELS: Europeans have submitted a modified version of the US’ peace plan for Ukraine that pushes back on proposed limits to Kyiv’s armed forces and territorial concessions, according to a document…
TEL AVIV/ NEW DELHI: India and Israel on Thursday inked terms of reference (ToR) to formally launch negotiations for a free trade agreement, commerce & industry minister Piyush Goyal said.The ToR, which will be the basis for talks, includes market access for goods by eliminating tariff and non-tariff barriers, investment facilitation, simplification of customs procedures,…
Commerce and industry minister Piyush Goyal on Tuesday signalled that the proposed India–US trade pact might soon reach a conclusion, once a balanced pact is finalised. The minister said, “When the deal will become fair, equitable and balanced, you will hear good news.”Speaking at the Indo-US Economic Summit organised by the Indo-American chamber of commerce,…
India has finalised its first structured one-year agreement to import liquefied petroleum gas (LPG) from the United States, Union petroleum minister Hardeep Singh Puri announced on Monday. Describing the development as a “historic first”, he said Indian public sector oil companies had secured a contract to source LPG from the US Gulf Coast. The update…
File photo: Union minister Piyush Goyal with New Zealand’s minister for trade Todd McClay (Picture credit: X/@PiyushGoyal) The fourth round of negotiations on the proposed India–New Zealand Free Trade Agreement (FTA) concluded successfully in Auckland and Rotorua after five days of discussions, according to a press release from the ministry of commerce and industry. Both…
NEW DELHI: Indian state-owned firm Hindustan Aeronautics Limited (HAL) on Friday announced a $1 billion deal with US-based General Electric (GE) to supply 113 jet engines and a support package for India’s 97 LCA Mk1A fighter aircraft program.Sharing a post on X, HAL said, “The Hindustan Aeronautics Limited (HAL) has entered into an agreement with…
Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…
NEW DELHI: The ministry of external affairs on Thursday announced that some of the Indian companies have received licenses for importing rare earth magnets from China. During a weekly press briefing, MEA spokesperson Randhir Jaiswal said, “Some Indian companies have received licenses for importing rare earth magnets from China. We have to look at how…
AI image for representation China on Tuesday positioned itself as an option for open markets and regional cooperation, signing an upgraded free trade pact with the Association of Southeast Asian Nations (ASEAN) while taking a veiled swipe at US President Donald Trump’s protectionist stance.Premier Li Qiang said the new pact — the ASEAN-China Free Trade…
