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It's become urgent for New Delhi to make its case to Washington after being unexpectedly slapped with a 25% tariff, one of the highest in the region, facing further threats over its ties with Russia
Jaishankar's remarks come amid rising global tensions, with Trump imposing tariffs on India and criticising its oil trade with Russia
Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil
In the past week, textile stocks have fallen by up to 18 per cent following Trump's announcement of a 25 per cent tariff
Indian Rupee today: The domestic currency opened 16 paise lower at 87.82 against the dollar on Tuesday, according to Bloomberg
The Global Trade Research Initiative (GTRI) stated that China-not India-is the largest purchaser of Russian oil. In 2024, China imported $62.6 billion worth, compared to India's $52.7 billion
Trump says New Delhi buying 'massive' amounts of Russian crude and selling it for big profits
India slams Trump's tariff threat, defends Russian oil imports as essential, and calls out US, EU 'hypocrisy' for trading with Russia while unfairly targeting New Delhi
Indian Rupee today: The domestic currency closed 12 paise lower at 87.66 against the dollar on Monday, according to Bloomberg
Sensex Today | Stock Market LIVE Updates, August 4, 2025: In the broader markets, the Nifty MidCap100 and SmallCap indices edged higher by 0.26 per cent and 0.07 per cent, respectively
The government is working on certain support measures for exporters in sectors like textiles and chemicals to insulate them from the impact of the Trump tariff, an official said on Monday. US President Donald Trump has announced an additional 25 per cent import duty on Indian goods entering America from August 7. The official said that the commerce ministry has held meetings with several export sectors, including steel, food processing, engineering, marine, and agriculture, to understand issues they may face due to high tariffs. Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff. Exporters are requesting the government to extend fiscal incentives such as interest subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Products), RoSCTL (Rebate of State and Central Taxes and Levies), timely payment of dues, and a dir
Sectorally, Nifty Auto was among the top-performing sectoral indices, trading at 23,745.2, up by 1.43 per cent.
India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions
Goldman Sachs lowered India's economic growth forecast after Donald Trump imposed a 25 per cent tariff
Once a cog in the Malaysian economy, the solar industry profited from Chinese investment. Now it's becoming a case study of what happens when the United States closes its markets
Indian Rupee today: The domestic currency closed 34 paise higher at 87.20 against the dollar on Monday
Analysts at Deutsche Bank AG and Barclays Plc expect the currency to drop to new record lows by the year-end amid muted foreign inflows and headwinds from US tariffs
Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases
Our Opinion page today makes a case for more trade talks, note less; benefits for Isro from partnering with Nasa; a sustainable fix for urban congestion; and the need for a framework for digital fraud
Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States