Stocks to Watch today, Feb 3: Stocks from sectors influenced by Trump's tariff measures, including pharma, IT, textiles, jewellery, chemicals, and auto, are set to remain in focus on Tuesday
Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.
The rebound came after a sharp-sell off witnessed during the special trading session on Sunday, February 1, 2026 as Finance Minister Nirmala Sitharaman presented the Budget 2026
Top bipartisan American lawmakers and political leaders hailed the India-US ties and contributions of the Indian diaspora, saying the partnership is "vital" for peace and stability around the globe and called for further strengthening bilateral ties. The Consulate General of India in New York hosted a special reception here Saturday to commemorate the 77th Republic Day of India. Consul General of India in New York Binaya Srikanta Pradhan and Deputy Consul General Vishal Harsh welcomed the dignitaries at the reception. The reception was attended by government officials, leaders from business, academia and culture, several prominent members of the Indian-American community, members of the diplomatic corps and guests from various spheres of life. Addressing the gathering, Delaware Governor Matt Meyer underlined that the Indian community in his state is "our fastest immigrant community in Delaware, as it is in many places across the country." He recalled the immigrant journey of the .
Calling it a roadmap that strengthens India's competitiveness, boosts investment, and enhances ease of doing business, US-India Strategic Partnership Forum welcomed Union Budget
The negotiations for a proposed bilateral trade agreement between India and the US are progressing, and both countries are working to close the deal "quickly", Commerce and Industry Minister Piyush Goyal said on Saturday. He expressed confidence that "good news" on this front will be announced in the near future. "Every free trade agreement stands on its own legs. And we are having very good negotiations. My counterpart in the US and I have a very wonderful working relationship and a wonderful personal friendship. We are working towards closing the deal quickly," Goyal told PTI in an interview. He was replying to a question about when the "father of all deals" between India and the US would become a reality, now that the "mother of all deals" is already in the bag. The free trade agreement between India and the European Union, which was concluded recently, has been widely termed as "mother of all deals". On whether the India-US trade pact could be concluded by the end of this year
The US effort to supply Venezuelan crude to India comes as Washington also seeks to reduce Russian oil revenues that are funding the war in Ukraine
CEA V Anantha Nageswaran says industry cannot be protected forever, backs reforms for sustained 7% growth, and stresses innovation and exports as key to India's economic future
Ongoing negotiations for a trade agreement with the US are expected to conclude during the year, a development that could help reduce uncertainty on the external front, according to Economic Survey 2025-26. For India, it said, the global conditions translate into external uncertainties rather than immediate macroeconomic stress. Slower growth in key trading partners, tariff-induced disruptions to trade and volatility in capital flows could intermittently weigh on exports and investor sentiment, the Survey said. "At the same time, ongoing trade negotiations with the United States are expected to conclude during the year, which could help reduce uncertainty on the external front," it said. India and the US are negotiating a bilateral trade agreement since March last year. So far, six rounds of negotiations have been held. Talks are going slow as the Trump-administration has imposed a steep 50 per cent tariffs on Indian goods from August last year. A delegation from the office of the
India voiced appreciation to the US towards addressing the "long-standing" conflict in Gaza as New Delhi noted the recent progress with regard to the implementation of the UN Security Council resolution on the issue. These remarks were made by India's Permanent Representative to the UN, Ambassador Parvathaneni Harish on Wednesday. "India takes note of recent progress with regard to the implementation of UN Security Council Resolution 2803 to end the Gaza conflict. India also takes this opportunity to express appreciation to the United States in addressing this long-standing issue," Harish said in his remarks to the UN Security Council open debate on the Situation in the Middle East. The UN Security Council resolution 2803, adopted in November last year, endorsed US President Donald Trump's 'Comprehensive Plan to End the Gaza Conflict' of September 29 that entails that "Gaza will be a deradicalised terror-free zone that does not pose a threat to its neighbours" and will be redevelope
India came out on "top" in the trade deal with the European Union and is going to have a heyday with this, US Trade Representative Jamieson Greer said in the first reaction from the Trump administration on the free trade agreement. Greer was responding to a question on the trade agreement, billed as the "mother of all deals", sealed between India and the EU on Tuesday. "I've looked at some of the details of the deal so far. I think India comes out on top on this, frankly. They get more market access into Europe," Greer said in an interview with Fox Business on Tuesday. "It sounds like they (India) have some additional immigration rights. I don't know for sure, but President (Ursula) von der Leyen of the EU has talked about mobility for Indian workers into Europe. So I think on net, India is going to have a heyday with this. They have low-cost labour," Greeer added. He said that it looks like the EU is doubling down on globalisation when the US is trying to "fix some of the problems
While New Delhi has 'made a lot of progress' on curbing buys of Russian crude, "it's hard for them" to completely wean off the supplies, said US Trade Representative Jamieson Greer
In a leaked recording, Cruz warned donors that Trump's tariff policy could seriously harm the US economy and even put the president at political risk
US Secretary of State Marco Rubio wished India on Republic Day, as he appreciated Quad cooperation between the countries on defence and other fronts. He said that the US-India relationship delivers "real results" for the two countries through close cooperation on defence, energy, critical minerals and for the Indo-Pacific region through the Quad. The US leader extended a special message to India on the country's Republic Day, commemorated on January 26. "On behalf of the people of the United States, I extend my heartfelt congratulations to the people of India on your Republic Day," Rubio said on Sunday. "The United States and India share a historic bond. From our close cooperation on defense, energy, critical minerals, and emerging technologies to our multi-layered engagement through the Quad, the US-India relationship delivers real results for our two countries and for the Indo-Pacific region," he said, referring to the grouping of Australia, India, Japan and the US. Rubio said h
Trade deal with US could reverse the fortune of the Indian currency
Republican senators from two key US farm states push for tariff relief from New Delhi as American pulses growers struggle to regain India market share lost to Canada and others
External Affairs Minister S Jaishankar on Sunday discussed with a three-member American Congressional delegation various aspects of India-US relations, including trade and security, against the backdrop of continuing strain in ties between the two countries. US Ambassador Sergio Gor, who was also present at the meeting, said the talks were "productive" and that the focus was on strengthening the bilateral partnership in the domains of security, trade and critical technologies. The visit of the US Congressional delegation to India, comprising Jimmy Patronis, Mike Rogers and Adam Smith, came as both sides are looking to move forward in the negotiations for a bilateral trade deal. In a social media post, Jaishankar described the meeting as a "good interaction". "Discussed various aspects of India-US ties, Indo Pacific and Ukraine conflict. Congressional interactions have always been an important facet of our relationship," he said. On his part, Gor said on X: "Just wrapped a producti
US Treasury Secretary said that India's sharp reduction in Russian oil imports shows that tariff pressure has worked, opening the door for a rollback of the additional 25% duty imposed by Trump
India is yet to take a call on US President Donald Trump's invitation to be part of the "Board of Peace" that will work towards bringing lasting peace to Gaza and possibly resolve global conflicts, people familiar with the matter said on Wednesday. Prime Minister Narendra Modi is among the numerous global leaders that the US President has invited to join the Board that was unveiled under the second phase of a ceasefire agreement between Israel and Hamas in the Gaza Strip. Trump is set to host a ceremony on the margins of the annual World Economic Forum in the Swiss mountain resort of Davos on Thursday to announce the broad contours of the "Board of Peace" and its charter. It is learnt that India is considering various aspects as the initiative involves sensitive issues, people familiar with the matter said. The countries which have accepted Trump's invitation are Argentina Armenia, Azerbaijan, Bahrain, Belarus, Egypt, Hungary, Kazakhstan, Morocco, Pakistan, the United Arab Emirates
US Senator Steve Daines urged faster India-US trade talks, pressing for greater market access for American pulses, a long-standing and sensitive issue for New Delhi