With US President Donald Trump "temporarily suspending" country-specific reciprocal tariffs until July 9, India sees the three-month window as an opportunity to renew its push for a proposed bilateral trade agreement (BTA) with the US and expedite finalisation of the first tranche of the trade deal.
Titan, HCL Tech and State Bank of India were also among the laggards. However, Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC were the gainers.
Microsoft Corp has restored all services -- including email access -- to Russian oil giant Rosneft-backed Nayara Energy, just before a scheduled hearing in the Delhi high court over the service suspension.
Prime Minister Narendra Modi on Sunday conveyed to Iranian President Masoud Pezeshkian India's 'deep concern' over Iran's conflict with Israel and called for immediate de-escalation of the situation through 'dialogue and diplomacy'.
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.
Modi, who visited Cyprus in the first leg of his three-nation visit, reiterated India's support for Cyprus's unity and for a peaceful resolution of the Cyprus Question based on UN Security Council resolutions, international law, and the EU Acquis.
From the Sensex firms, Mahindra & Mahindra, HCL Tech, Tata Motors, Nestle, ITC, Hindustan Unilever, Larsen & Toubro, and Tech Mahindra were the biggest gainers. In contrast, Eternal, UltraTech Cement, Power Grid, Tata Steel and Kotak Mahindra Bank were among the laggards. Eternal dropped 4.51 per cent.
Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said.
The EU mission noted that political and campaign fundraising and financial expenditure lack transparency and effective oversight.
Trump has played throughout his career as a deal-maker who could deliver where others could not, and Ukraine represents the ultimate test of that image, notes Manish Dabhade.
It aims at tackling issues such as child labour, mistreatment of workers, and denial of basic wages, among others. There will also be penalties for non-compliance.
In the short run, the Trump presidency has already ensured one thing: The assumptions of the past can no longer guide the strategies of the future, points out Manish Dabhade.
India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022.
According to the 2021 England and Wales Census data, of the 915,855 citizens born in India, 49 per cent (444,500) said English was their main language, followed by 41 per cent (373,583) who said another language was their main language but that they spoke English very well or well.
In his media statement following talks with his Croatian counterpart Andrej Plenkovic, Modi said both leaders agree that "terrorism is an enemy of humanity" and is inimical to forces that believe in democracy.
United States President Donald Trump attacked India's tariffs regime, saying it is next to impossible to sell anything to India because of the 'high tariffs'.
India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. In February, US President Donald J Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025.
Google is likely to rejig the roles of some of the engineering talent from its Hyderabad and Bengaluru offices and move some of its employees to more revenue-generating projects instead of letting them go for now, sources told Business Standard.
'Reciprocal tariffs are not going to affect India except specific sectors and there are opportunities to capture.'
'Modi is such a Prime Minister who always thinks about Sikhs. All the pending issues of Sikhs, which have not been resolved to date, are being resolved, including the Kartarpur Sahib corridor. There should not be such protests against him, and no Sikh can tolerate this'
After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.
Australia, Canada, US and UK are restricting immigration, but other countries are opening their doors.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
'No retaliatory tariffs now. You can retaliate after a few months.' 'Today, there is no need to retaliate because it is a question of long term benefits.'
'In the Indian government there are no illusions about the United States reliability or the possibility of having any kind of preferential treatment from Washington when it comes to trade.'
After registering a positive growth for two months, India's exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion during the month.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.
The European Union on Tuesday decided to lift a ban on the import of mangoes from India after the country made improvements in plant health controls and certification system, clearing the way for them to return to the 28-member bloc.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Apple Inc has requested the ministry of electronics and information technology (MeitY) to give it 18 to 24 months' exemption to comply with the European Union (EU) regulation of putting an USB charging port in all its older smartphones, mainly iPhone 13 and iPhone 14, which are assembled, exported and also sold in the domestic market. Apple's stance is different from that of Samsung, which has been pushing for an immediate implementation of the EU regulation. All smartphones by the South Korean giant already comply with the EU rules.
Congress leader Salman Khurshid, who is a part of India's diplomatic mission abroad, on Monday said it is 'distressing' that people back home are calculating political allegiances and asked if it is 'so difficult to be patriotic'.
'We are totally in favour of the country on matters of external affairs. Naming representatives for diplomatic multi-party delegations to counter Pak-backed terrorism is the choice of parties, not of the Centre'
Interacting with reporters in Kolkata, the Trinamool national general secretary reiterated that his party stood with the government in matters of national interest, combating cross-border terrorism, and safeguarding sovereignty.
Calling India one of the most attractive investment destinations globally, vice president of European Commission Jyrki Katainen also complimented the government for its resolve to roll out the GST.
"Their Prime Minister just visited -- he's a great friend -- but I told him, 'You're not treating us right. You charge us 52%, while for years, decades even, we've c'harged you next to nothing. It wasn't until seven years ago, when I took office, that we started pushing back, beginning with China.'"
The delegations led by Baijayant Panda, Ravi Shankar Prasad (both Bharatiya Janata Party), Sanjay Kumar Jha (Janata Dal-United), Shrikant Shinde (Shiv Sena), Shashi Tharoor (Congress), Kanimozhi (Dravida Munnetra Kazhagam) and Supriya Sule (Nationalist Congress Party-Sharad Pawar) will visit a total of 32 countries and the EU headquarters in Brussels, Belgium.
An Indian delegation led by the BJP's Ravi Shankar Prasad will tour key European capitals to expose Pakistan's role in cross-border terrorism and State-sponsored extremism.
Dr Karan Gupta offers guidance on how to pick the right international course and university.
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