US Under Secretary of Commerce for International Trade Franklin L Lavin, who will lead the largest American trade mission to India ever has said the delegation besides several senior administration officials will comprise 238 business leaders
The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.
The US on Monday blamed India and China for creating hurdles in the ongoing WTO talks here and said Doha trade talks have been thrown into the "gravest jeopardy" by these two countries which are not willing to open their markets for more imports.
Bilateral trade between India and China, the two fastest growing economies, is forecast to touch a record level this year at $10 billion, compared with last year's $7.6 billion.
US watchdog lauds India's IPR efforts, but picks holes in legal framework.
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
Accusing a "handful" of "advanced developing countries" of "masking" their "narrow interests" behind claims for speaking for the rest of the developing world, the US said it is concerned the way trade negotiations are moving ahead of crucial talks for concluding Doha round.
In an effort to attract investors to the Social Stock Exchange (SSE), the bourses have reached out to the Securities and Exchange Board of India (Sebi) and the government with the industry's demand for additional benefits on contributions made towards social enterprises through the platform. SSE is a regulated platform to facilitate organisations working towards social causes to raise funds and have access to higher capital through the bourses. The platform is aimed at becoming a meeting ground for donors and social enterprises.
Trade tensions between India and the US have been rising with President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".
US said no to a free trade deal with India as India cannot fully open agricultural imports from American farmers.
Indian capital's famous Nehru Place market has been placed among the top 30 notorious IT markets of the world that deal in goods and services infringing on intellectual property rights, an official US report has said.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
We take a look at India's major imports and exports with Japan in recent years.
India on Monday emphasised the need for resuming talks on the WTO's stalled Doha Round, stating that the negotiating text for global trade can be the staring point for further talks.
There is a growing sentiment in the world and the global South in a way embodies it. But there's also political resistance, he said.
The carriers are scoffing at making the life of their competitors 'easier.
Indian diamond business community in Belgium's Antwerp city has gained control over the trade's main governing body, the Diamond High Council.
Russia and Georgia accused each other of triggering the latest conflict in the breakaway South Ossestia province as the United Nations Security Council's emergency session on the issue failed to come out with a statement seeking ceasefire between the warring sides.
The United States on Monday ruled out cutting farm subsidies unilaterally, but said it was open to talks on the subject with a view to restarting the Doha Round of negotiations at the World Trade Organisation.
The private sector in India and the United States has succeeded in fostering historic trade relationships between the two largest democracies of the world, a top Obama Administration official said on Thursday.
Acting Foreign Minister of Afghanistan, Amir Khan Muttaqi, on Wednesday arrived in Islamabad, his first visit to the country, as part of efforts by the two sides to reset their ties in the wake of the Taliban's takeover of Kabul.
The RBI raked in a massive net income gain from foreign exchange currency sales as a buffer for the rupee during tumultuous geopolitical upheavals last year owing to Russia's invasion of Ukraine.
Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue
'... are losing faith in the institutions of government, where people do not believe that the institutions of government operate according to the Constitution, within the confines of the law, where these institutions are seen to be representing a small faction of a particular community against all other (minority) communities.'
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
Union Commerce Minister Kamal Nath met US trade representative Susan Schwab in New York on Thursday evening. He said the meeting led to 'much more convergence' between the two countries than last year on the feisty issues relating to the WTO negotiations. The minister arrived in New York to release his book 'India's Century' and to meet Schwab in yet another bid to achieve a breakthrough on the issue of agriculture subsidies that are at the core of WTO negotiations.
United States President Joe Biden is all set to visit India and is 'very excited' about the important initiatives he will be championing at the G20 Summit in New Delhi, according to senior White House officials.
Ratio trading in gold and silver prices is a trading tool.
Indian mangoes are all set to be shipped to the American market in the next few days after the United States decided to allow import of the delicious fruit.
Commerce and Industry Minister Anand Sharma will meet new US Trade Representative Ron Kirk at Bali in Indonesia on June 6-7, on the sidelines of the meeting of the Cairns Group of farm product-exporting countries. The two countries have serious differences on the level of protection that can be given to farmers as and when the global market for farm products is opened up. India has argued all along that it cannot compromise on food security and livelihood concerns.
The Afghanistan Embassy in New Delhi announced Saturday night that it is ceasing its operations from October 1, citing a 'lack of support from the host government', failure to meet expectations in serving Afghanistan's interests, and reduction in personnel and resources.
A number of Indian diaspora organisations in the UK have issued letters objecting to the creation of a new cross-party parliamentary group for British Gujaratis, warning that the move could be "divisive".
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.
Among the major ones are fewer restrictions on market access for US medical device manufacturers, as well as access for other key products.
The US has asked India and Brazil, the two developing economies, to bring 'more' to the table at Doha by way of 'increased responsibility' and 'positive contribution'. "India has a long and proud and powerful tradition as a leader in the North-South issues, debates. The fundamental difference between the Doha Round and the previous trade Rounds is that this is not a North-South issue.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
