US Ambassador to India Sergio Gor on Thursday met with Union Home Minister Amit Shah to discuss enhancing cooperation on combating terrorism and bringing criminals to justice in both countries.
Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi and West Bengal Chief Minister Mamata Banerjee, accusing them of prioritising the wealthy over the poor and failing to create job opportunities.
Indian-American lawmakers are encouraging the diaspora to actively participate in US politics and run for public office at all levels. This call comes amidst increasing incidents of anti-India and anti-Hindu hate, with leaders emphasising that political representation is crucial to address community concerns and ensure their voices are heard.
These new tariffs were imposed by Trump on all countries, including India, on February 24 for 150 days following a Supreme Court verdict that struck down his earlier sweeping levies.
After three consecutive months of heavy selling, foreign portfolio investors (FPIs) turned net buyers in the first week of February, infusing more than Rs 8,100 crore in Indian equities, aided by improving risk sentiment, along with a trade deal with the US.
Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the gainers. Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the laggards.
'The situation globally is quite challenging, but we have the confidence and courage of conviction that we will come out winners even in this challenging time.'
Responding to a question on the trade deal being negotiated between the two countries, Trump said India had taken advantage of US policies for years and charged tremendous tariffs.
India and the US are expected to sign the first phase of a bilateral trade agreement by mid-March, which will result in the US lowering import duties on Indian goods. India will then begin reducing import duties on certain US goods.
India and the US are expected to sign the first phase of a bilateral trade agreement by mid-March, which will result in the US lowering import duties on Indian goods. India will then begin reducing import duties on certain US goods.
Among Sensex firms, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, Maruti, Bharti Airtel and Tata Steel were the major gainers. However, Asian Paints and Bajaj Finance were the laggards.
United States President Donald Trump on Wednesday said he has great respect for his 'friend' Prime Minister Narendra Modi and they are going to have a good trade deal, according to a media report.
'The flip side of this is that he won't hesitate to call out India if he thinks its policies are hurting US economic interests or border US foreign policy goals.'
US Secretary of State Marco Rubio will visit India for four days to strengthen bilateral relations, holding talks with Indian leaders and attending the Quad foreign ministers' meeting.
Opposition MPs, including members of the Congress party, staged a protest in the Parliament House complex over the India-US trade agreement, controversy surrounding former Army chief MM Naravane's unpublished memoir, and the suspension of eight MPs.
Congress leader Rahul Gandhi criticised the BJP and RSS for undermining the Constitution and accused the TMC of failing to deliver on job creation promises during rallies in West Bengal.
The agreement addresses non-tariff barriers and promotes increased trade in technology products and cooperation between the two countries.
Prime Minister Narendra Modi and US Secretary of State Marco Rubio discussed various aspects of India-US bilateral ties, focusing on defence, trade, energy, and technology. Rubio extended an invitation from President Donald Trump for PM Modi to visit the US.
Prime Minister Narendra Modi and US President Donald Trump discussed the West Asia crisis and the importance of keeping the Strait of Hormuz open and secure. They also reviewed progress in bilateral ties and anticipated upcoming deals in the energy sector.
Talks on the proposed trade deal between India and the United States will resume after the year-end holidays, coinciding with Sergio Gor -- a close aide of American President Donald Trump -- taking charge as the US Ambassador to India in early January, according to a person privy to the development.
US and India will promptly implement this framework and work towards finalising the interim agreement with a view to concluding a mutually beneficial bilateral trade agreement.
US Secretary of State Marco Rubio will visit India from May 23-26 to enhance cooperation in trade, defence, and energy, attending meetings with senior Indian officials and participating in a Quad group meeting in New Delhi.
External Affairs Minister S Jaishankar raised India's concerns with US Secretary of State Marco Rubio regarding changes to US visa and immigration policies, emphasising that legal mobility should not be negatively affected. Rubio acknowledged potential 'bumps' during the transition as the US aims to improve its immigration system.
Indian and US officials will begin deliberations on the proposed bilateral trade agreement in Washington from Wednesday with an aim to iron out issues and give an impetus to the negotiations.
Both countries commit to provide each other preferential market access in sectors of respective interest on a sustained basis
The Indian rupee appreciated by 23 paise to settle at 92.91 against the US dollar, driven by a weakening American currency, retreating crude oil prices, and renewed foreign institutional investor (FII) inflows amid increasing hopes of easing geopolitical tensions.
The US has seized an oil tanker, 'Skywave', linked to Iran in the Indian Ocean, as part of efforts to disrupt Iran's oil shipments and enforce sanctions. The vessel was part of a network transporting sanctioned Iranian crude oil, with the seizure occurring amid heightened tensions between Washington and Tehran.
Delhi Police made a fifth arrest in the AI Impact Summit shirtless protest case, as investigations continue into the political demonstration against the government and the India-US trade deal.
The economic fallout of the West Asia crisis, the prevailing security situation in the Indo-Pacific and ways to boost cooperation in critical minerals and technology are expected to top the agenda at a crucial meeting of the Quad foreign ministers on Tuesday.
Secretary of Commerce Howard Lutnick has said one should expect a trade deal between India and the US in the "not-too-distant future" as the two countries have found a place that works for them. "So the idea is when they put the right person and India put the right person on the other side of the table, and we've managed, I think, to be in a very, very good place," Lutnick said in his keynote address at the eighth edition of the US-India Strategic Partnership Forum (USISPF) Leadership Summit in Washington on Monday.
Foreign portfolio investors (FPIs) infused Rs 22,615 crore into Indian equities in February, marking the highest monthly inflow in 17 months, driven by factors such as the interim India-US trade deal, correction in domestic market valuations, and strong corporate earnings.
Finance Minister Nirmala Sitharaman stated that it is premature to comment on the tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the situation.
'We are now awaiting a response from the US; they have to get back to us.'
Foreign investors have remained cautious ahead of the Union Budget amid expectations of limited policy changes.
India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.
The rupee appreciated 13 paise to close at 90.34 against the US dollar on Thursday, on trade deal optimism and overnight decline in commodity prices, even as the upside remained capped as investors look for more clarity on the India-US trade deal.
India Youth Congress workers staged a protest at the AI Impact Summit in Delhi, raising slogans against Prime Minister Narendra Modi before being removed by security. The protest caused a brief disruption at the event, which features global AI leaders and heads of state.
'I don't think we should ever negotiate with deadlines or hard stops because we tend to make mistakes then.'
India has clarified its position on the proposed interim trade agreement with the US, stating that the joint statement remains the basis for mutual understanding. Amendments to a White House fact sheet reflect shared understandings, with both sides working towards finalizing the agreement.
Delhi Police arrested four Indian Youth Congress workers for staging a shirtless protest at the AI Impact Summit venue, with officials investigating a potential wider conspiracy.
