The United States action of levying 25 per cent additional tariff on Indian goods is 'unfair, unjustified and unreasonable', India said on Wednesday in a firm reaction, signalling increasing tensions between the two strategic partners over New Delhi's energy ties with Moscow.
US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued buying of Russian oil.
Brave statements such as we will continue to be the fastest growing large country are of no consolation, because the direction of trade also determines the flow of investment, points out M Govinda Rao.
'I look at the people, yes. Co-actors, the makers, the crew.' 'Then I look at how it's different from what I've done before.'
Amid uncertainty over trade talks with the US, Prime Minister Modi asserts India's commitment to protecting the interests of farmers and fishermen, vowing no compromise on their behalf.
The proposed 'Next Gen GST' with sweeping reforms, lower tax rates, and just two slabs, aims to boost the economy amid tariff threats and set the stage for a single tax rate regime by the time India becomes a developed nation, government sources said.
India and the UK on Thursday inked a landmark free trade agreement (FTA) that will cut tariffs on British whisky, cars and an array of items, besides boosting bilateral trade by around $34 billion annually.
India and the UK will sign a free trade agreement on Thursday in London that will allow export of labour-intensive products such as leather, footwear and clothing at concessional rates, while making imports of whisky and cars from Britain cheaper. The pact also helps double trade between the two economies to $120 billion by 2030.
India and the US have concluded the fifth round of talks for the proposed bilateral trade agreement (BTA) in Washington. Both sides are looking at finalising an interim trade deal before August 1. Issues related to agriculture and automobiles figured during the negotiations.
The trade relationship between India and the United States has been strained by the imposition of 25% tariff by the US on Indian goods.
'Congratulations Joe Root, magnificent.'
India will take all necessary steps to safeguard and promote national interest, Commerce and Industry Minister Piyush Goyal said on Thursday, a day after US President Donald Trump announced 25 per cent tariffs plus penalty on domestic exports to America from August 1.
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).
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.
Janhvi's look was styled by cousin Rhea Kapoor.
The Human-rated LVM3 vehicle, the Crew Escape System and the Crew Module and Service Module are all in final stages of testing and integration.
'Geopolitically and diplomatically it's a very difficult situation for India.'
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.
If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.
Jurel has produced a solid body of work in first-class and Test cricket alike, even though he displayed a completely different avatar for the Rajasthan Royals (RR) in the Indian Premier League (IPL) as a finisher since his debut in 2023.
Commerce Minister Piyush Goyal assures Parliament that India will take necessary steps to protect its national interests following the US announcement of tariffs on Indian goods. The government is assessing the implications and engaging with stakeholders.
'Panchamda created an exclusive theme music for Gabbar Singh, which is used throughout the film every time the dacoit makes an appearance, and in both concept and sound, is so eerie and evil.'
Miss World contestants' heritage itinerary took an interesting turn as the participating beauties immersed themselves in Indian tradition, delved into the spiritual heritage of Telangana.
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.
There's no change in Apple Inc's India strategy, said a top government source. 'It can only be enhanced'.
Merchandise exports to the US jumped 23.5 per cent year-on-year (Y-o-Y) to $8.3 billion in June, even as India's overall outbound shipments witnessed contraction during the month, according to the data released by the commerce department on Tuesday. The increase in outbound shipments to the US was largely driven by the rush among exporters to utilise America's pause on its plans to impose country-specific reciprocal tariffs.
The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can "adversely" impact Indian exports to Israel. Total gems and jewellery trade between India and Israel stood at $2.04 billion in 2022-23 as against $2.8 billion in 2021-22.
A player-of-the-match award in only his second Test, plaudits from the pundits and even a "man crush" from his England counterpart -- India wicketkeeper Dhruv Jurel could not have dreamt of a better start to his international career.
Gem and Jewellery Export Promotion Council says step will balance trade deficit with the US.
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 silliness Detective Sherdil packs in the guise of humour not only trivialises a likeable star into a scallywag but squanders its ensemble cast into one-note distractions, notes Sukanya Verma.
United States President Donald Trump said a 'very big' trade deal is on cards with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries.
Sri Lanka has bestowed its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening ties between the two nations. The award was presented by President Anura Kumara Dissanayake at a ceremony in Colombo. PM Modi expressed gratitude, stating the award honors not just him but also the people of India. The Mithra Vibhushana, instituted in 2008, has previously been awarded to prominent figures such as former Maldivian president Maumoon Abdul Gayoom and the late Palestinian leader Yasser Arafat. India's Foreign Secretary Vikram Misri highlighted the award as a recognition of PM Modi's contribution to strengthening the India-Sri Lanka partnership, particularly during Sri Lanka's economic crisis. The award includes a citation and a silver medal adorned with Sri Lankan gems and symbolic motifs representing shared heritage and prosperity.
'Here are 25 stories special to me for one reason too many,' says Sukanya Verma who scored 25 years writing about the movies last week.
JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.
Wondering where to catch some overlooked, understated gems. Here are some OTT recommendations for you.
HDFC Bank on Sunday said that it will "pursue all lawful remedies" to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank's managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud.
Because of Mukesh's much-hailed association with Raj Kapoor, it is often overlooked that the singer has also scored hits with almost all major heroes. On Mukesh's 102nd birth anniversary on July 22, Dinesh Raheja recalls some of his classic songs.
'The pain of not having a home is bearable, but the pain of having one -- and not finding peace in it -- is far worse.'
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