Business News - Page 25
Explained: Why has the India-UK FTA rollout been delayed?
The India-UK free trade deal, expected to take effect in May, has been delayed after Britain introduced stricter safeguards on steel imports. The dispute over tariff-free quotas and higher duties has created fresh hurdles for Indian exporters, even as both countries continue negotiations to operationalise the landmark trade pact
Netherlands, Sweden, Norway, Italy: What India expects to gain from Modi’s Europe visit
Prime Minister Narendra Modi’s four-nation Europe visit to the Netherlands, Sweden, Norway and Italy is aimed at boosting India’s semiconductor ambitions, defence manufacturing, green energy partnerships and trade ties. The trip also highlights New Delhi’s push to attract investment, secure critical technologies and strengthen strategic cooperation with Europe
This Week in Explainers: Why India’s fuel price hike is needed to absorb oil shocks
India has finally raised petrol and diesel prices by Rs 3 per litre after the war in West Asia disrupted global energy supplies. This is the first time India has increased fuel prices in four years. Here’s all this and much more in our weekly wrap
Trump’s China visit: Were there breakthroughs or was it all political theatre?
US President Donald Trump’s high-profile China visit showcased grand diplomacy complemented by uncertain trade promises, Iran discussions and sharp warnings over Taiwan. While both Washington and Beijing projected optimism, the summit ended without major breakthroughs, raising questions over whether the trip delivered substance or just symbolism
India’s April trade deficit widens to $28.4 billion even as exports jump to $43.6 billion
Strong export growth and rising imports shape India’s trade performance at the start of FY27
Rich List 2026: Hindujas crowned Britain's richest family with a $43 billion fortune—5th year in a row
Sunday Times Rich List shows Hindujas at the top again as leadership transitions after Gopichand Hinduja’s death; billionaire count in UK rises to 157
PM Modi in Abu Dhabi: Defence, energy, LPG and infra pacts shape India-UAE strategic partnership
Defence cooperation, energy security and a $5 billion investment commitment emerge as key outcomes of India-UAE talks
'Not a secret': Lavrov says Russia's oil supplies to India has increased
Russian Foreign Minister Sergey Lavrov said after the BRICS summit that Russia’s oil supplies to India have increased, calling the data “not a secret” and reaffirming growing energy ties between the two countries
Crude oil prices may ease to $79 a barrel by 2027 as West Asia output rises: EIA
Improving oil supplies, easing Strait of Hormuz disruptions and rising West Asia production could cool crude prices, though geopolitical risks remain a key uncertainty.
Air India posts record $2.79 billion annual loss, hits Singapore Airlines earnings
Air India posted a record annual loss of $2.79 billion in 2025-26, dealing a $743 million blow to shareholder Singapore Airlines and highlighting mounting pressure from geopolitical disruptions, high fuel prices and operational constraints
India secures EU clearance for continued aquaculture exports after compliance push
India has secured continued access to the European Union market for aquaculture exports after meeting stricter food safety and antimicrobial compliance norms, providing a major boost to the country’s $1.59 billion seafood trade with the bloc
Why Modi’s UAE visit is short but most crucial on his 5-nation tour
Prime Minister Narendra Modi’s UAE visit comes amid soaring oil prices, a weakening rupee, and India’s first fuel price hike in four years. It focuses on long-term oil and LPG deals, strategic reserves, and rupee-dirham trade amid disruptions in the Strait of Hormuz
Trump says China wants to buy US oil as trade thaw gathers pace after Xi talks
US President Donald Trump said China wants to buy American oil and soybeans following talks with Xi Jinping in Beijing, signalling a possible thaw in trade ties as the two sides discussed energy, Iran, Taiwan and market access
US-China trade talks avoid chip curbs, leaving Nvidia H200 exports in limbo
The US said semiconductor export controls were not a major topic during trade talks with China, signalling no immediate breakthrough for Nvidia’s H200 AI chip sales to Chinese firms despite growing industry pressure
Petrol, diesel prices hiked sharply across India: Rates up by over Rs 3 per litre each
Petrol and diesel prices were sharply increased across India, with petrol becoming costlier by Rs 3.14 per litre and diesel by Rs 3.11 per litre, pushing fuel rates close to record highs in several cities
US likely to drop cases against Adani as SEC settles civil lawsuit against Indian billionaire: Reports
The US Justice Department is reportedly close to dropping criminal fraud charges against Gautam Adani as the SEC moves to settle a parallel civil lawsuit involving the Indian billionaire
Fed Governor Stephen Miran to resign as Kevin Warsh prepares to take over as Fed chair
Federal Reserve Governor Stephen Miran said he will resign once Kevin Warsh is sworn in as the next Fed chair, clearing the way for President Donald Trump’s nominee to lead the US central bank
US-China talks ‘good for world economy’, IMF says as trade thaw gains momentum
The IMF welcomed renewed dialogue between the US and China after talks between Donald Trump and Xi Jinping, saying easing trade tensions and reducing uncertainty would support global economic stability amid rising energy prices and geopolitical risks
Govt tightens gold import rules under AA scheme, caps duty-free imports at 100 kg
The move comes a day after the Centre sharply raised import duties on gold and silver in a bid to support the rupee amid rising geopolitical tensions linked to the conflict in West Asia
Fed may hold rates steady through 2026 as inflation risks persist: ICICI Bank
Sticky inflation, rising energy prices and West Asia tensions could force the US central bank to stay cautious on rate cuts
Boeing orders, ‘Board of Trade’ talks take center stage during Trump’s China visit
Scott Bessent says Washington expects major Chinese aircraft purchases and new trade mechanisms as U.S. pushes to rebalance ties with Beijing
Brics: PM Modi meets Araghchi, Lavrov for the first time since Iran war began
BRICS diplomacy gains momentum in New Delhi amid escalating West Asia tensions
India seeks longer US waiver for Russian oil as Iran war fuels supply fears
New Delhi warns prolonged West Asia conflict could worsen energy volatility and deepen cooking gas shortages for millions
‘Unacceptable’: India condemns attack on Indian-flagged ship off Oman coast, crew safe
India condemned the attack on an Indian-flagged vessel off the coast of Oman, calling it “unacceptable” while confirming that all crew members are safe after being rescued with Omani assistance
Refined fuel demand collapse could surpass 2008 crisis as Hormuz disruption deepens: S&P Global Energy
S&P Global Energy warns that the prolonged Strait of Hormuz crisis is triggering a historic destruction in global fuel demand, with refinery run cuts expected to exceed the worst quarter of the 2008 financial crisis.
India wholesale inflation jumps to 8.3% in April, far above forecasts on fuel shock
India’s wholesale inflation surged to 8.3 per cent in April, sharply above estimates, as a spike in fuel and crude oil prices drove broad-based increases in producer costs across key sectors including manufacturing and metals
From Swift to Sarmat: How sanctions pushed Russia toward a parallel world order
Russia’s survival under sanctions is reshaping global finance, military alliances, and the balance of power beyond the Western-led order
UK economy grows 0.6% in Q1 2026, beats expectations despite West Asia conflict headwinds
UK economy grows 0.6 per cent in Q1 2026, beating forecasts as services sector leads gains, but West Asia conflict raises concerns over outlook.
US approves Nvidia’s H200 AI chip exports to Alibaba, Tencent and ByteDance as Trump meets Xi
The US has approved Nvidia’s H200 AI chip exports to major Chinese firms including Alibaba, Tencent and ByteDance, even as President Donald Trump meets Chinese President Xi Jinping in Beijing amid rising US-China tech tensions
Rupee tumbles to record low as Iran war fuels oil shock and market anxiety
The Indian rupee fell to a record low of 95.86 against the U.S. dollar as soaring crude oil prices, Iran war fears and persistent foreign fund outflows intensified pressure on India’s economy, prompting expectations of continued RBI intervention