United States President Donald Trump has warned that countries aligning with the BRICS economic bloc will face additional 10 per cent tariffs on their goods, as he seeks to protect the dollar's global dominance.
An Indian commerce ministry team will soon visit Washington for another round of talks on the proposed trade agreement with the US to iron out differences in sectors, like agriculture and automobiles, a government official said on Thursday.
The BRICS nations condemned the Pahalgam terror attack, advocated for a zero-tolerance approach to terrorism, and criticized rising tariffs during their summit in Rio de Janeiro. They also addressed global challenges and called for reforms in international institutions.
In trade negotiations, as in chess, sometimes you need to accept a temporary disadvantage to secure a better long-term position, points out Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura.
From labelling India the 'Tariff King' to slapping sweeping import duties, US President Donald Trump has steadily hardened his trade stance on India. These announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed Bilateral Trade Agreement (BTA).
The United States has imposed sanctions on at least half a dozen Indian companies accused of trading in Iranian petroleum and petrochemicals as part of broader action targeting 20 entities worldwide.
The 'Pesta Demokrasi' is a cause for celebration not only for Indonesia but also for democracy and forces for peace all over the globe, notes Sandeep Chakravorty, India's Ambassador to Indonesia.
'Some much needed break waves + peace = healing.'
The restructuring of tariffs by the US has led to a shift in the list of key product suppliers to the American market, with India emerging as one of the beneficiaries at the expense of China and Canada, an official said on Monday. As per an analysis, India's share in the USA's electronics exports has increased to 7.2 per cent to 3.5 per cent year-on-year in May, while China's share dipped to 11 per cent from 22 per cent during the same period.
The comments came a day after US President Donald Trump said that Washington is "very close" to the trade pact with India.
The top two teams from each group qualified for the Super Round stage.
Sanju and Anshul Gill registered convincing wins to move into the semi-finals as India's boxers continued their solid run at the fourth Thailand Open International Boxing Tournament.
'What India has done will surely embolden more countries to stand up to Trump.'
President Donald Trump on Tuesday claimed that BRICS was established to "hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House.
United States President Donald Trump has said India is 'very close' to China in terms of its purchases of Russian oil and will pay tariffs of 50 per cent as he indicated that 'you are going to see so much secondary sanctions'.
Teenage sensation Tanvi Sharma and top junior men's doubles pair Bhargava Ram Arigela and Viswa Tej Gobburu will lead a 19-member Indian squad at the Badminton Asian Junior Championships to be held in Solo, Indonesia, from July 18 to 27.
India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.
Rajawat will take on eighth seed Kunlavut Vitidsarn of Thailand next.
An Indian commerce ministry team has reached Washington for another round of talks from Monday on the proposed bilateral trade agreement (BTA), an official said. Chief negotiator of India and special secretary in the Department of Commerce, Rajesh Agrawal, will join the team on Wednesday.
Rahul Gandhi accuses PM Modi of prioritizing his image over national security after the Pahalgam attack, challenging him to refute Trump's claims of brokering a ceasefire between India and Pakistan.
Two-time Olympic medallist PV Sindhu faltered in the deciding game to lose to World No. 8 Pornpawee Chochuwong of Thailand in the women's singles second round of the Indonesia Open Super 1000 badminton tournament in Jakarta on Thursday.
The Congress party launched a scathing attack on the central government regarding the Pahalgam terror attack and Operation Sindoor, demanding accountability from Home Minister Amit Shah and clarification on the number of Indian jets downed during the operation.
Any industrial policy is only as good as how it is applied and the other reforms that support it. This was as true 40 years ago as it is now, points out Debashis Basu.
Rapido - one of the largest players in the bike taxi commute business - says the new guidelines released by the central government on July 1, permitting "non-transport motorcycles" for aggregators, no longer give states the option of rejecting the revised policy.
From the Sensex firms, Kotak Mahindra Bank, Eternal, Asian Paints, NTPC, Bharat Electronics Ltd, Adani Ports, Infosys and State Bank of India were among the major gainers. However, Titan tumbled over 6 per cent. Trent, Axis Bank, Maruti and Hindustan Unilever were also among the laggards.
Air India on Wednesday said it has cancelled its Lucknow-Mumbai flight scheduled for June 17 due to 'operational reasons' and the ripple effect of flight diversions.
P V Sindhu overcame long-time rival Nozomi Okuhara of Japan to advance to the Round of 16.
Chikoos are fruits that don't get celebrated much, but like all fruits have much to offer nutritionally. Known by a multitude of names -- chiko, chikoo, sapota, naseberry, and sapodilla -- Manilkara zapota grows well in warm, humid climates.
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech.
President Trump says the US is close to a trade deal with India, while also claiming to have stopped a war between India and Pakistan.
In a bold push to expand India's talent pool, AIFF president Kalyan Chaubey has revealed that the federation is actively pursuing the inclusion of Overseas Citizens of India (OCI) in the national football team.
Sindhu has been off colour this year, struggling for form.
When the technology gap between China and India will remain large, cost-effective hardware of the kind that proved their worth in Operation Sindoor should be our priority, points out R Jagannathan.
Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Herman will focus on growing its European and South East Asian market, Diederik Jansen, chief executive officer and seventh-generation owner of Herman Jansen, which has been producing spirits since 1777, told Business Standard.
The message from Sunday's event will undoubtedly reverberate globally. It's a landmark occasion that will be remembered for generations and will inspire many other states to introduce the story of Rajendra Chola into school curricula, says Tarun Vijay.
The highlight of Tuesday's debate on Operation Sindoor was the speech by Prime Minister Narendra Modi, with the rebuttal by Congress's Wayanad MP Priyanka Gandhi coming a close second.
Defending champions India's hopes of entering the Thomas Cup knockout stage as group topper were dashed by a clinical Indonesia who emerged 4-1 winners in their final pool match in Chengdu on Wednesday.
The International Olympic Committee (IOC) will spearhead discussions on gender eligibility criteria in sports, its new President Kirsty Coventry said on Thursday, four years after the ruling body had urged federations to handle the issue independently.
Uzbekistan earn first World Cup qualification, Australia, Jordan close in
The death toll included over 450 from intense heat wave last summer, according to the World Meteorological Organization.
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