Page 40 - Donald Trump

India commits $500 bn investment, to end Russian oil purchases: White House

The White House has hailed a new trade agreement with India, saying the country has committed to "no longer" purchasing Russian oil, with Prime Minister Narendra Modi also agreeing on investments of USD 500 billion across key American sectors. These remarks were made by White House Press Secretary Karoline Leavitt on Tuesday. "The President struck another great trade deal with India. He spoke with Prime Minister Modi directly. They share a very good relationship. India is committed to not only no longer purchasing Russian oil, but buying oil from the United States, also perhaps from Venezuela too, which we know will now have a direct benefit on the United States and the American people," Leavitt told reporters Tuesday. She further said that in addition to that, Prime Minister Modi "committed to $500 billion of investments into the United States, including for transportation, for energy and for agricultural products as well. So this is another great trade deal thanks to President ...

Trump admin sued over $16 bn funding freeze for Hudson River tunnels

New York and New Jersey sued the Trump administration on Tuesday for freezing USD 16 billion in federal funding for a new rail tunnel under the Hudson River between the two states, seeking a quick ruling because construction that has been underway could be forced to shut down as early as Friday. The administration put a hold on the funding in September, citing the government shutdown. The White House budget director, Russ Vought, said on the social platform X at the time that officials believed the spending was based on unconstitutional diversity, equity and inclusion principles, and the US Department of Transportation said it was reviewing any "unconstitutional practices." The lawsuit, filed in federal court in Manhattan by New York Attorney General Letitia James and New Jersey Acting Attorney General Jennifer Davenport, asks a judge to declare the funding suspension unlawful and order payments to resume immediately so construction can continue without interruption. "Allowing this

Trump signs $1.2 trillion bill, ending partial US government shutdown

President Donald Trump signed a roughly USD 1.2 trillion government funding bill on Tuesday that ends the partial federal shutdown that began over the weekend and sets the stage for an intense debate in Congress over Homeland Security funding. The president moved quickly to sign the bill after the House approved it with a 217-214 vote. "This bill is a great victory for the American people," Trump said. The vote on Tuesday wrapped up congressional work on 11 annual appropriations bills that fund government agencies and programmes through September 30. Trump has said he will sign the bill when it reaches his desk, ending the partial government shutdown that began on Saturday. Passage of the legislation marked the end point for one funding fight, but the start of another. That is because the package only funds the Department of Homeland Security for two weeks, through February 13, at the behest of Democrats who are demanding more restrictions on immigration enforcement after the shoot

From the brink and back: How the India-US trade deal finally shaped up

After months of tariff shocks, stalled talks and diplomatic sparring, India and the US finally stitched together a trade deal that reshaped bilateral ties

Lower US tariffs help India, but diversification remains essential

US tariff relief lifts markets and sentiment, but India must use the trade deal to deepen reforms, attract capital flows and diversify exports

Patience over retaliation: India's long game with Trump has paid off

India and the US have entered a new phase in their relationship, marked by greater parity

'An important and positive first step': USISPF on US-India trade deal

The US-India Strategic Partnership Forum (USISPF) on Monday enthusiastically welcomes US President Donald Trump's announcement following his conversation with Prime Minister Narendra Modi, which reaffirms their shared commitment to deepen the USIndia economic partnership and advance a bilateral trade agreement. India and the US agreed on a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, US President Donald Trump announced on Monday in a Truth Social post. USISPF said that the reduction of India's reciprocal tariff marks "an important and positive first step." "While the agreement's specifics are pending, today's announcement signals strong political will on both sides to move toward a comprehensive USIndia Bilateral Trade Agreement (BTA) that addresses tariffs, market access, non-tariff barriers, and other trade-related issues across a wide range of sectors," it said. A BTA between the two nations

Titan, Kalyan Jewellery soar up to 20% on India-US trade deal boost

Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.

Explained: What is Project Vault, Trump's $12 bn critical minerals plan?

The US government has rolled out Project Vault, a $12 billion scheme to stockpile rare earths and critical minerals, aiming to shield American companies from global supply disruptions

Infosys, Bhel, Arvind: Antique lists top gainers from India-US trade deal

The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse

India, US agree to a trade deal; reciprocal tariff reduced to 18%: Trump

The announcement came after a phone call between Prime Minister Narendra Modi and Trump

Apex Frozen, Avanti Feeds hit 20% upper circuit on US tariff relief

Avanti Feeds hit a fresh life-time high at ₹960, while Apex Frozen Foods quoted at its highest level since September 2022 after the US President partly rolled back reciprocal tariffs on Indian imports

India-US trade deal: What tariffs are India's export competitors paying?

India-US trade deal: A closer look at how American tariffs on Indian exports compare with those faced by key rivals such as China, Vietnam, Mexico, Bangladesh across major sectors

India-US trade deal a win-win for citizens, industries, says Vaishnaw

Union Minister Ashwini Vaishnaw on Monday said the India-US trade agreement is a win-win deal which will benefit citizens and industries of both countries. Vaishnaw's remarks came soon after US President Donald Trump spoke to Prime Minister Narendra Modi and announced that India and the US have agreed on a trade deal. Under the agreed deal, Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent. Trump said India will move forward to reduce "tariffs and non-tariff barriers" against the US to zero, adding New Delhi would buy American goods, including energy, worth more than USD 500 billion. In a post on X, Vaishnaw, the Union minister for information and broadcasting, said, "Trade deal between the US and India will lead to a brighter future for both countries." "India-US trade deal is a win-win deal. Citizens and industries of both countries will benefit greatly from this deal," he said. Terming the US and India as the world's ..

India-US trade deal: Time to buy stocks; Nifty target 28,100, says Bernstein

Sector-wise, Financials, information technology (IT), and Telecom, they said, are the ways to participate in the market rebound

Trump urges House to vote quickly to end partial government shutdown

President Donald Trump implored the House on Monday to end the partial government shutdown, but neither Republicans nor Democrats appeared ready to quickly approve the federal funding package he brokered with the Senate without first debating their own demands over immigration enforcement operations. Democrats are refusing to provide the votes House Speaker Mike Johnson needs to push the package forward as they try to rein in the Trump administration's deportation operations after the shooting deaths of two Americans in Minneapolis. That's forcing Johnson to rely on his slim GOP majority, which has its own complaints about the package, to fall in line behind Trump's deal with Senate Democrats. Voting could begin as soon as Tuesday, which would be day four of the partial shutdown. The Pentagon, Homeland Security and other agencies saw their funding lapse Saturday. And while many operations at those departments are deemed essential, and still functioning, some workers may go without pa

US-India trade deal finalised, PM Modi thanks Trump; tariff reduced to 18%

Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.

Trump plans $12 billion rare-earths stockpile to cut China reliance

US aims to shield manufacturers from supply shocks

Warsh's return revives tensions over US Fed's $6.6 trn QE hangover

At the same time, Warsh could argue that by tightening financial conditions, a smaller balance sheet would grant his Fed room to cut its benchmark rate deeper

President Trump speaks with PM Modi: US ambassador Sergio Gor

US President Donald Trump has spoken with Prime Minister Narendra Modi, US ambassador to India Sergio Gor said on Monday, sharing a photograph of the two leaders and hinting at further updates