Walmart reduces import dependence on China and shifts focus to India

30 Nov 2023

Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.

Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion

23 Nov 2023

In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)

Warren Buffett's endorsement boosts Mitsubishi's image, easing conglomerate stereotypes in Japan

17 Nov 2023

Mitsubishi Corp., Japan's largest trading house, is experiencing a positive shift in investor sentiment, thanks to Warren Buffett's resounding vote of confidence.

Indian investigators seek to revive the Adani probe and request Supreme Court assistance

17 Nov 2023

Indian investigators are making renewed efforts to reopen a probe into the Adani Group over allegations of coal import overvaluation.

Tesla plans to double auto components imports from India: Goyal

16 Nov 2023

Commerce and industry minister Piyush Goyal has stated that the US electric vehicle maker Tesla plans to double its auto components imports from India.

Indo-Pacific Economic Forum signs Supply Chain Resilence Agreement

16 Nov 2023

The Indo-Pacific Economic Forum (IPEC) on Tuesday signed a Supply Chain Resilence Agreement that aims to make the IPEF supply chains more resilient, robust, and well-integrated.

India-UK free trade deal unlikely by month's end

19 Oct 2023

India and the United Kingdom are unlikely to agree on the expected trade deal by the end of October. It was reported that negotiations are still ongoing

Oil price soars as concerns over supply creep in amid Israel-Hamas conflict

11 Oct 2023

The price of oil rose higher on Wednesday, 11 October, with investors concerned about supply disruptions due to the Israel-Hamas conflict.

Oil prices shot up to $89 a barrel amid the Israel-Hamas conflict

09 Oct 2023

Oil prices rose up to $89 a barrel in Asian trade on Monday, 9 October, amid intense military clashes between Israel

India’s April-August merchandise trade deficit estimated at $98.88 billion

15 Sep 2023

India’s merchandise trade deficit in August 2023 stood at $24.16 billion, which took overall merchandise trade deficit in April-August 2023 to an estimated $98.88 billion

India-Middle East-Europe Economic Corridor will be a beacon of shared progress: PM Modi

09 Sep 2023

The proposed India-Middle East-Europe Economic Corridor will be a beacon of cooperation, innovation, and shared progress that would help chart a journey of shared progress

US commerce secretary affirms a strong desire to maintain economic ties with China

29 Aug 2023

Senior officials from the United States and China held a series of economic policy meetings in Beijing on Tuesday, 29 August 2023, underscoring efforts to halt the decline in their bilateral relationship and to reestablish channels of communication.

India makes rupee payments for gold and crude imports from the UAE

16 Aug 2023

India and the United Arab Emirates have initiated bilateral trade using their respective local currencies. The first of such transactions was the sale of 25 kg gold by a UAE bullion exporter to an Indian buyer. The deal was worth about Rs.128.4 million ($1.54 million).

India allows export of drones for civilian use

01 Jul 2023

India, US mutually resolve major WTO issues, including disputes on steel and aluminium

01 Jul 2023

Europe’s oil imports via India seen rising above 3,60,000 barrels per day

08 May 2023

India, EFTA discuss ways to boost bilateral trade and economic partnership

02 May 2023

New foreign trade policy aims at $2 trillion exports by 2030: Piyush Goyal

04 Apr 2023

FTP 2023 is a dynamic and open ended policy that accommodates emerging needs, facilitates ease of doing exports through process re-engineering and e-commerce, in collaboration with states and districts, while also allowing exporters to close old pending authorisations through a one-time amnesty scheme and start afresh 

US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report

06 Feb 2023

India, US discuss social security agreement for professionals

16 Jan 2023

MFL signs 3-year pact with Dubai’s Agrifields to procure 30,000 tonnes phosphoric acid annually

06 Oct 2022

Indo-Pacific Economic Forum to secure region for business

13 Sep 2022

India will not be part of the ‘trade pillar’ of the 14-member economic forum while remaining an active participant in the other three IPEF initiatives

India’s trade deficit widens; August imports jump 37%, exports flat

13 Sep 2022

Sanctioned Russian oil reaching US, Europe via India: report

08 Sep 2022

India offers to sell 18 Tejas fighter jets to Malaysia

08 Aug 2022

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