Page 88 - Economy

Trump vows to keep massive tariffs on India until Russian oil imports cease

"I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One

Russia continues oil shipments to India, TASS cites foreign ministry

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so

UK businesses accelerate India expansion plans post-FTA: Report

According to Grant Thornton's latest International Business Report' (IBR) analysis from last week, 72 per cent of UK firms now identify India as a key market for international growth

Trump tariffs may cost firms $1.2 trn, consumers to bear burden: S&P Global

S&P Global report states that two-thirds of the total additional cost will be passed on to the consumers via higher prices, while one-third ($315 billion) is absorbed internally through lower earnings

Making progress in trade negotiations with US amid tariff tensions: Govt

The two sides have narrowed their differences on trade-related matters, an Indian official told reporters in New Delhi on Saturday, asking not to be identified as the discussions are private

'India won't buy Russian oil': Trump repeats claims of speaking to PM Modi

Trump reiterated that PM Modi assured India would not buy Russian oil now, despite New Delhi dismissing his claims; Trump added New Delhi would continue paying 'massive' tariffs otherwise

Scope for providing more monetary boost to growth: MPC member Ram Singh

Ram Singh signals potential for multiple rate cuts in FY26-FY27, citing low inflation and scope for accommodative monetary policy to support growth

50% Trump tariffs: Call on support measures hinges on trade deal

Both countries are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington's concerns over New Delhi's continued purchase of Russian oil

India bullish on resolving all free trade agreement issues with Asean

Both sides exchange fresh proposals to iron out pending issues; review of 2010 trade pact likely to conclude by year-end as India seeks to narrow trade deficit

Centre sets timelines to speed up work on auctioned mineral blocks

The amendment sets clear milestones between the issuance of the letter of intent (LoI) and the execution of mining leases, with penalties for delays and incentives for early production

Bihar at takeoff stage… industrialisation next: JD(U)'s Sanjay Jha

Sanjay Jha, national working president, JD(U), tells Aditi Phadnis that his party is still fighting fit and how Bihar is headed for new horizons

Exports post growth in 24 nations in Apr-Sep, show market diversification

During April-September this year, exports increased by 3.02 per cent to $220.12 billion, and imports rose 4.53 per cent to $375.11 billion, leaving a trade deficit of $154.99 billion

India's exports to US decline, non-US markets show strength: Crisil

Crisil cautioned that India's merchandise exports are facing headwinds from the US tariff hikes and a broader slowdown in global growth

GST reforms drive record festive demand, says FM Nirmala Sitharaman

She said this marginal deviation was due to cases where input taxes remained higher than output rates, leading to small adjustments before products reach consumers

India-US trade deal: 'Not too many differences between both sides'

On Wednesday, Agrawal had said that India is looking for a "win-win solution" for both sides in its trade talks with the US that would also address the "tariff issue"

India to record positive export growth in current financial year: Goyal

Piyush Goyal said that the country's overall goods and services exports grew by about 5 per cent to $413.3 billion during April-September period of the financial year 2025-26

Retail inflation for farm and rural workers shows easing in September

The Food Index decreased by 0.47 points for Agricultural Labourers (AL) and 0.58 points for Rural Labourers (RL) in September 2025

Credit growth inches up to 11.4% in October 3 fortnight: RBI data

Data from the RBI show outstanding credit in the system stood at Rs 192.66 trillion, while deposits stood at Rs 240.98 trillion.

Bullion over bling: Dhanteras buyers rush for coins, bars as gold soars

In Mumbai's bustling jewellery district, stores are packed, with many customers coming in to buy or book gold and silver coins and bars as both festival and investment purchases

Datanomics: How India-Afghanistan ties have shifted under Taliban 2.0

India cautiously renews economic engagement with Afghanistan, balancing humanitarian aid and trade ties without extending formal recognition to the Taliban regime