Sensex Today | Stock Market Highlights, October 23: The IT index rose over 2% led by a 4% surge in Infosys after the promoters opted out from the company's share buyback programme.
The 50 per cent tariffs imposed by the US on India have led to order cancellations and factory shutdowns in the leather sector, particularly affecting small tanneries
US President Trump and PM Modi discuss trade, India's Russian oil imports, and regional issues in Diwali call; PM reiterates India-US partnership and anti-terror stance
During the Diwali celebrations at the White House, Trump said he spoke directly with Prime Minister Narendra Modi and reiterated his claim that India would reduce its oil purchases from Russia
PM Modi responded to President Donald Trump's Diwali wishes, saying India and the US share strong democratic values and should continue working together for peace and against terrorism
Trump also said his ambassador-designate Sergio Gor told him that PM Narendra Modi "loves Trump," adding that he shares a great friendship and strong relationship with PM Modi
Foreign investors are pouring billions into Indian banks, betting on the country's growth and stability even as global peers grapple with credit losses, trade tensions, and rising financial risks
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
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
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
Commerce and Industry Minister Piyush Goyal on Saturday said talks between India and the US on the proposed bilateral trade agreement are progressing in a cordial atmosphere and New Delhi will protect the interests of farmers, fishermen and MSME sectors. "Bharat ke kisano ka, machhuvaaron ka, Bharat ke MSME sector ka, jub tak desh hiton ko puri tarah se hum sambhalen nai, tab tak koi agreement kiya nai jata (No agreement can be made until we take care of the interests of India's farmers, fishermen and MSME sector)," he told reporters here. He was replying to a question about the progress of talks between the two countries on the proposed pact and by when it will be concluded. "Talks are going on in a cordial atmosphere," he said. The remarks are important as the US is seeking concessions in India's agriculture sector. The Indian official team, headed by Commerce Secretary Rajesh Agrawal, was in Washington this week to hold trade talks with their US counterparts. In February this
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"
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
India is aiming for a 15 per cent tariff under a trade deal with Washington that will make its labour intensive shipments to the US cheaper compared to its Asian peers
India 'broad-basing and diversifying' its sourcing of energy, says MEA
Experts say US grades face logistical, economic, and compatibility challenges with Indian refinery configurations
Rahul Gandhi's remarks came after Trump claimed that PM Modi assured him that India would stop buying oil from Russia, which he called "a major step" to isolate Moscow over Ukraine war
"Our negotiating team is already in the US, and (they are) trying to see if we can have a win-win solution between the two sides, which can address some of these tariff issues," he told reporters
Tellis is also a senior fellow at the Carnegie Endowment for International Peace, a Washington think tank
Scott Bessent's remarks come days after US President Donald Trump announced plans to impose an additional 100 per cent tariffs on China, starting November 1