NEW DELHI: Govt has asked the US Trade Representative (USTR) to reconsider its proposal to impose 12.5% additional tariff on Indian products for allegedly failing to act against forced labour, arguing that the move does not meet legal standards, lacks country-specific analysis and fails to establish causal link between absence of import prohibitions and its…
The United States on Tuesday revoked a 60-day sanctions waiver that had allowed the sale of Iranian oil, according to the Treasury Department. The license, issued last month as part of an interim agreement to halt fighting between the US and Iran, had temporarily eased restrictions on Iranian oil exports. Treasury officials did not immediately…
A sign for the Seattle office of Getty Images Inc., is shown Monday Getty Images, an American visual media company, has abandoned its planned merger with Shutterstock, ending the proposed $3.7 billion deal after deciding not to accept a UK competition regulator’s requirement to sell Shutterstock’s editorial business.The two companies unveiled the all-stock merger in…
India continued to consolidate its position as an attractive investment destination in 2025. (AI image) Foreign Direct Investment (FDI) into India rose 44% to $39 billion in 2025, reinforcing the country’s status as a key global investment destination, according to the United Nations.The 2026 World Investment Report, released by the United Nations Trade and Development…
Waal Street shows mixed results, AI stocks slide US stocks traded mixed on Tuesday, with losses in artificial intelligence (AI) and semiconductor stocks weighing on the broader technology sector despite gains in most other shares.The Nasdaq Composite fell 0.8 per cent in early trading, dragged down by declines in major chipmakers, while the S&P 500…
Electricity generation from hydroelectric projects declined nearly 21%. (AI image) El Nino and the resultant weak monsoon has had an impact on India’s hydropower output, which has dropped by more than 20% in June. The dry weather, which is associated with El Nino, has meant that the water levels in reservoirs have gone down. This…
India has urged the United States to reconsider its proposed 12.5% tariff on Indian imports under the USTR’s Section 301 forced labour investigation. India has urged the United States to withdraw its proposal to impose an additional 12.5% tariff on Indian imports under a Section 301 investigation into forced labour-related trade practices, saying the move…
India has launched the National Critical Mineral Mission (NCMM) in January 2025 for a seven-year period from 2024-25 to 2030-31. India has been focusing on securing its critical minerals and rare earth supply chain, especially in times of increased geopolitical uncertainties. During PM Narendra Modi’s visit to Indonesia it was announced that India will invest…
Mercedes-Benz India has reported its highest-ever first-half and second-quarter sales, continuing its growth momentum in the country’s luxury car market. The German luxury carmaker retailed 9,768 vehicles between January and June 2026, registering a 9 percent year-on-year increase over the 9,013 units sold during the same period last year.The company also posted its best-ever second-quarter…
It seems to be a decade of stress tests for the Indian economy – Covid pandemic, Russia-Ukraine war, US trade policy uncertainty, and now the Middle East conflict. (AI image) The Indian economy has emerged as a picture of resilience amid the US-Iran conflict, with most economic indicators flashing green as the war shows signs…
