India, Israel conclude second round of trade pact talks
India and Israel have concluded the second round of free trade agreement negotiations, with the Commerce Ministry describing the talks as constructive and forward-looking.
Category : International Trade
Russia extends ban on gasoline exports until end 2026
Russia has extended its ban on gasoline exports until the end of 2026, while diesel export restrictions will be lifted as the market recovers, according to Reuters.
45% of Indian exports to US exempt from new tariff
The US final Section 301 measures impose a 10% tariff on 55% of Indian exports, while 45% remain exempt. India secured a lower tier through sustained engagement.
NZ MP Parmjeet Kaur Parmar Hails Proposed India FTA as Historic
New Zealand MP Parmjeet Kaur Parmar calls the proposed FTA with India a 'historic achievement' ahead of PM Modi's visit, highlighting economic gains and diaspora excitement.
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US Launches Fresh H-1B Visa Fraud Probe; Cognizant Targeted
The US has launched a fresh H-1B visa fraud investigation targeting Cognizant and other IT firms, potentially impacting thousands of Indian tech workers and the outsourcing industry.
Oil prices surge as US strikes on Iran fuel fears
Oil prices climbed nearly 2% on Wednesday as US strikes on Iran heightened fears of supply disruptions, with Brent crude rising to $75.54 a barrel.
11 Chinese firms propose USD 9.21 bn investment in Bangladesh
Eleven Chinese companies have proposed investing USD 9.21 billion in Bangladesh, covering energy, infrastructure, manufacturing, and education, following a meeting with PM Tarique Rahman in Beijing.
Trump Threatens 100% Tariff on Digital Services Tax Nations
President Trump threatened a 100% tariff on any country imposing digital services taxes, escalating trade tensions over tech companies.
US Launches PaxPass to Streamline AI Goods Movement at Summit
At the 2nd Pax Silica Summit, the US announced PaxPass to streamline critical AI goods movement and Foundry School workforce initiative, backed by $50 million.
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BKU farmers protest India-US trade deal, call meet June 25
BKU (Charuni) farmers burnt effigies of PM Modi and US President Trump in Kaithal, opposing the proposed India-US trade deal, and announced a nationwide meeting in Chandigarh on June 25.
Ultra-Wealthy Flee California to Nevada Tax Havens
Incline Village, Nevada, sees a surge of billionaires fleeing California's proposed 'Billionaire Tax,' driving home sales to $232 million in Q1 2026.
India-UK FTA to Deepen Ties Beyond Trade
Foreign Secretary Vikram Misri said the India-UK free trade agreement, effective July 15, will boost ties in trade, technology, and mobility, creating new opportunities for both nations.
Oil Falls as Strait of Hormuz Reopens After Iran Pact
Oil prices fell as tankers resumed movement through the Strait of Hormuz following an Iran war pact, with analysts expecting over 85 million barrels of stranded oil to hit global markets.
Oil Prices Volatile After Vance Comments on Peace Deal
Oil prices turned volatile after US VP Vance's comments on Middle East peace deal stability. Brent crude fell 0.65% to $79.33, WTI down 0.46% to $75.50.
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G7 Leaders Agree to Cut China Reliance on Critical Minerals
G7 leaders agreed to reduce dependence on China for critical minerals, with targets to cut reliance below 60% by 2030 through stockpiling, recycling, and IEA-backed platform.
India-UK Free Trade Pact: A Game Changer from July 15
The India-UK Free Trade Agreement, effective July 15, promises to boost bilateral trade, cut tariffs, and create jobs, marking a historic milestone in economic relations.
Trump: US to Reimpose Russian Oil Sanctions
US President Trump announced plans to reimpose sanctions on Russian oil shipments after crude flows resumed through the Strait of Hormuz following a deal with Iran. The remarks came at the G7 summit.
Nagaland village builds bamboo World Cup trophy replica
Youth in Ungma village, Nagaland, crafted a 15-ft bamboo replica of the FIFA World Cup trophy to inspire locals and celebrate football culture.
Pranab Mukherjee Samadhi Plan Hits DUAC Hurdle
Delhi Urban Art Commission rejects CPWD's design for Pranab Mukherjee's samadhi at Rajghat, citing deviations from memorial precinct norms.
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AM Green, VOC Port ink deal for green ammonia hub
AM Green and VOC Port Authority will develop Tuticorin as a green ammonia production and bunkering hub, with initial capacity of 200,000 tonnes/year by 2030, entailing Rs 2,000 crore investment.
ECB Hikes Key Rates by 25 Bps for First Time in 3 Years
The European Central Bank raised interest rates by 25 basis points, citing inflation from the Middle East conflict. Growth forecasts cut for 2026-27.
From Embargo Victim to Top Oil Exporter: US Story
Once a victim of the Arab oil embargo, the US has transformed into the world's leading oil exporter, driven by a shale revolution that began after 2010.
India Secures Crude and LPG Supplies Amid Middle East Crisis
India's refiners have built sufficient crude oil and LPG inventories to last through August and mid-July respectively, amid ongoing Middle East disruptions. HPCL bought 4 million barrels of Murban crude for August delivery.
Adani Ports' $70M Argentina LNG Deal Cuts Gulf Dependency
Adani Ports secures a $70 million marine services contract for Argentina's first LNG export project, establishing a new energy corridor from South America to India by 2027, reducing Gulf dependency.
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Trump Brags About Secretly Removing Millions of Barrels of Iranian Oil
US President Donald Trump claimed his administration secretly removed millions of barrels of Iranian oil from global markets, preventing oil prices from reaching $250 per barrel.
Oil Stable Below $200 Amid Iran Strait Closure, Dark Ship Transfers
Oil prices have surged but remain below $200/barrel due to covert ship-to-ship transfers in the Middle East, stabilizing global supplies despite Iran's Strait of Hormuz closure and US naval blockade.
Global Oil Prices Rise as Trump Threatens Iran
Global crude oil prices surged after US President Donald Trump threatened Iran for delaying peace talks. West Texas Intermediate rose 2.17% to $90.11, while Brent crude climbed 1.9% to $93.19.
Oil Edges Up as Investors Seek Clarity After Iran-Israel Tensions
Oil prices rose slightly on Tuesday as investors awaited clarity after Iran-Israel tensions halted attacks. Brent crude gained 13 cents to $94.38, while WTI rose 11 cents to $91.41 per barrel.
India Seeks Tariff Assurances in US Trade Talks
India has outlined key demands in trade talks with the US, including preferential tariffs and assurances against future hikes, as both nations work towards an interim agreement by mid-July.
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Indian-American Donates $5.5M for Texas Healthcare Access
Brij and Sunita Agrawal donate $5.5 million to St. Luke's Health-Sugar Land Hospital for clinical programs and a new primary care clinic in Texas.
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