Economy

India revises WTO retaliatory duties as US hikes steel, aluminium tariffs

It said that the proposed suspension of concessions or other obligations can take the form of an increase in tariffs on selected products originating in the US

India, US speed up trade talks as tariff deadline extended to August 1

Indian team may go to Washington for further discussions

India in talks to finalise trade deal with US, says chief negotiator

The aim is to conclude the first phase of the pact by fall (September-October) this year, with both countries working to finalise an interim trade agreement before that

Looking to fast-track trade pact review talks with Asean: Piyush Goyal

The issue figured during the meeting between Goyal and his Malaysian counterpart T Zafrul Aziz

How digital technology platforms are lubricating the NPA disposal process

The digitalisation of the entire process, has the potential to reduce costs for banks and buyers, speed up recovery for banks, and provide fair access to buyers

Chinese techies' exit likely to hamper India's smartphone export success

This comes after Beijing verbally asked regulatory authorities and local governments to curb technology transfers and movement of technicians to other countries

June retail inflation likely to have cooled further on food prices

Economists reckon that the decline in inflation is expected on account of easing prices across various goods categories, especially food items and a favourable base effect

PM Modi holds talks with Namibia President; digi tech, defence in focus

Lula backs India's push to expand Mercosur trade pact

Govt urges coal producers to improve quality amid ongoing complaints

The power ministry, which set up a panel to address the issue, proposed measures such as testing coal quality upon arrival to customers

RBI to conduct two-day VRRR auction on Wednesday to soak up ₹1 trillion

The surplus liquidity has kept the overnight weighted average call rate (WACR) near the standing deposit facility (SDF) rate of 5.25 per cent and well below the repo rate of 5.5 per cent

US is 'close' to signing a trade deal with India, says Donald Trump

Says sending letters to more trade partners, will offer no extension beyond Aug 1

Thali prices drop in June 2025, driven by lower vegetable and broiler costs

The price of a vegetarian thali fell 8 per cent in June 2025 compared to the same month last year, driven by a sharp drop in vegetable prices

India's pharma exports to US surged in March amid tariff concerns

India's pharma exports saw a significant rise in March, driven by fears of impending US tariffs. Industry experts anticipate impact of potential reciprocal tariffs on India's future export strategy

CBIC may free up importers' IGST credits to address payment issues

Short payments of IGST on imports are usually discovered during internal audits or regulatory checks, and tend to arise due to valuation differences, classification errors, or other discrepancie

Centre plans to make registration mandatory for vegetable oil units

The government proposes mandatory registration for all vegetable oil producers under a new amendment to the Vegetable Oil Products, Production, and Availability Order of 2011

India and Brazil set to sign key agreements to boost bilateral trade

India's trade with Brazil is the largest compared to its trade with any other country in Latin America. However, it is far below Brazil's trade with China, the US, Argentina, and Germany

Bengaluru-Berlin pact to drive innovation, startup exchange: Priyank Kharge

Kharge posted on 'X' that the declaration was signed in the presence of Franziska Giffey, Mayor of Berlin and Senator for Economic Affairs, Energy and Public Enterprises, Germany

Zee Entertainment shareholders approve appointment of new directors

Zee Entertainment shareholders approve the appointment of Saurav Adhikari and Divya Karani as non-executive, non-independent directors, with 75% approval in the e-voting process

96% of EPFO members received interest for FY25: Mansukh Mandaviya

Labour Minister Mansukh Mandaviya confirmed that 96% of EPFO members have received their interest for FY25, with nearly Rs 4,000 crore credited to accounts in less than two months

ELI scheme to boost job creation, social security, says official

Regional PF Commissioner-I Randhir Kumar said that the scheme is aimed at incentivising creation of 35 million jobs over a period of two years, that it will be effective from August 1, 2025