From the Sensex firms, Tata Steel, Power Grid, NTPC, Kotak Mahindra Bank, Reliance Industries and Adani Ports were among the biggest gainers. Asian Paints and Tata Consultancy Services were the only laggards.
The US has informed the global trade body WTO that the decision to impose tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures, according to a communication. The US shared this response with the World Trade Organisation (WTO) after India requested consultations under the WTO's Safeguards Agreement on April 11 with America.
India's purchase of US crude oil has picked up in 2025 and could easily double their previous levels, government officials said on Wednesday. The surge comes in the wake of the then-incoming Donald Trump administration's announcement that it would consider hiking tariffs on a reciprocal basis, and pushed some countries, especially those with large trade surpluses with the US, to buy more of its energy.
"India and everybody would think of them as an ally. I can say the same for others. But this is a group of wonderful nations that is countering other countries that look to hurt us on trade," he added.
The United States has extradited Pakistani-Canadian Tahawwur Hussain Rana to India to face charges for his alleged involvement in the 2008 Mumbai terrorist attacks. Rana, 64, was convicted in the US in 2011 for providing material support to Lashkar-e-Taiba, the Pakistani militant group responsible for the Mumbai attacks. The US Department of State said it has long supported India's efforts to bring those responsible for the attacks to justice and that the extradition is a critical step towards seeking justice for the victims. Rana's extradition comes after the US Supreme Court denied his last-ditch attempt to evade extradition. He will now face justice in India for his role in the attacks which killed 166 people, including six Americans.
He then went on to say that, however, he won't get a Nobel Peace Prize for any of his efforts.
'...they always address problems superficially, never tackling root causes.' 'Currently, the policy response will focus on immediate relief -- getting people to safety, providing facilities, clearing debris.' 'This is necessary, but once immediate relief operations end, everything returns to 'normal' without addressing underlying vulnerabilities.'
An ACMA-BCG report has targeted Indian auto component exports to hit $100 billion - nearly a fivefold increase from $21 billion currently
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
'We remain cautious in this environment, and the uncertainty continues.'
Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington starting May 16 for discussions with their US counterparts on the proposed bilateral trade agreement (BTA), an official said on Tuesday. Goyal is expected to hold meetings with US Trade Representative (USTR) Jamieson Greer and US Commerce Secretary Howard Lutnick during his visit.
Chinese President Xi Jinping on Wednesday pledged to strengthen the strategic relationships with neighbouring countries by 'appropriately' managing differences and enhancing supply chain ties as China's tariff war with the United States escalated.
Apple will source the majority of the iPhone sold in the US from India in the June quarter while China will produce the vast majority of the devices for other markets amid uncertainty over tax tariffs, a top official said on Friday.
Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. To formally start the negotiations on the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, along with a team of officials, is in New Delhi.
No experts, clearly, were involved in the design of these new tariffs, which have been the subject of bemused wonderment across the world in how completely they ignore logic, rationality, fairness, and economic theory, observes Mihir S Sharma.
American sourcing firms and exporters in China are approaching Indian companies to supply goods to the US as high tariffs imposed by Washington are making it difficult for them to ship directly to America, apex exporters' body FIEO said on Monday. The US has imposed 145 per cent tariffs on Chinese goods entering the American market. For India, the duty is just 10 per cent.
Unveiling his launch day playlist, the Indian pilot revealed that he loves to listen to Shah Rukh Khan's Swades song Yuh Hi Chala Chal.
Outlining each visa adjudication as a 'national security decision', the United States has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.
Brendan Lynch, the assistant US trade representative for South and Central Asia, will pay a five-day visit to India beginning Tuesday, days before US President Donald Trump's tit-for-tat tariff kicks in. The senior US trade official is expected to hold talks with Commerce Minister Piyush Goyal besides meeting a number of senior Indian officials.
Mr Trump's actions, because of their extreme nature and the dangerous rhetoric that accompanies them, receive the most attention, points out Mihir S Sharma.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
India's services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose from January's 26-month low of 56.5 to 59.0 in February, indicating a sharp rate of expansion.
Prime Minister Modi on Saturday congratulated President Trump and the people of the US on the country's 244th Independence Day, saying as the world's largest democracies "we cherish freedom and human enterprise that this day celebrates".
Congress general secretary Randeep Surjewala has raised concerns about the Indian government's decision to potentially acquire F-35 fighter jets from the US, questioning whether the decision was made in the national interest and if security experts were consulted. He highlighted the high cost of the F-35, its operational flaws, and the potential impact on the Indian Air Force's existing fleet and maintenance infrastructure. Surjewala's comments come after Prime Minister Narendra Modi and President Donald Trump unveiled plans for a 10-year defense partnership between India and the US, including potential F-35 sales.
India and the United States will finalize the contours, schedule of negotiations, and terms of reference for a proposed bilateral trade agreement (BTA) during a three-day meeting beginning Tuesday. The agreement is expected to be finalized in two tranches, with the first phase focusing on goods trade. The US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will be in India from March 25-29 to discuss the agreement. Both countries are aiming to conclude the first phase of the agreement by fall 2025.
Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.
One of Debashish Bhattacharya's most remarkable contributions is that he has taken the scope and foundation of the slide guitar, improvised it again and again, thereby designing and creating four entirely new guitars.
'Shashi Tharoor is destroying the history of India.' 'He is distorting facts about the Congress party.'
Security agencies are concerned about the increasing use of drones by terror groups in Jammu and Kashmir for surveillance and logistics, replacing human networks.
"It is still not too late. India must speak clearly, act responsibly, and use every diplomatic channel available to defuse tensions and promote a return to dialogue in West Asia," Gandhi asserted.
Prime Minister Narendra Modi on Tuesday said he was proud of the manner in which the multi-party delegations presented India's views in various countries on the need to eradicate the menace of terrorism following the Pahalgam attack and Operation Sindoor.
The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both countries.
Outlining each visa adjudication as a "national security decision", the US has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.
'Three days after the Kargil War ended, the Vajpayee Government set up the Kargil Review Committee on July 29 1999. Its report was tabled in Parliament on February 23, 2000 although sections of it have remained classified -- as indeed they must'
Restricting air access to foreign carriers by not granting them more bilateral rights is akin to shooting yourself in the foot, as air transport is a wealth multiplier for India's economy, Emirates President Tim Clark said during a press conference held on the sidelines of the annual general meeting of the International Air Transport Association.
'That refresh programme -- because they are big aircraft and we cannot ground them all at the same time -- will last well into 2027.'
'Someday I will summit all peaks, but right now I want to complete my BSc.'
A Bob Dylan biopic, Mohanlal's vendetta, super serious Suriya and more on OTT this week.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Star India batter Virat Kohli on Friday said that he had never thought of playing cricket in the United States and the T20 World Cup happening there shows the growing impact of the sport in the world.
