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India’s textile exporters pin hopes on EU deal after US tariff blow

NEW DELHI/MUMBAI, Jan 29 (Reuters) – India’s textile and apparel exporters, hit by 50% U.S. tariffs imposed late in August, are banking on this week’s trade agreement with the European Union to offset part of the damage, while urging New Delhi to secure a quick deal with Washington. Under the pact, which will be implemented in about a year, the EU will immediately remove duties on 90% of Indian goods, including the roughly 12% tariff on textiles and apparel. “At a time when the sector is weighed down by high U.S. tariffs, the India–EU agreement opens the door to greater

Bangladesh’s ousted leader Hasina denounces the upcoming election from her exile in India

DHAKA, Bangladesh, January 29, 2026 (AP) — From her exile in India, Bangladesh’s ousted leader Sheikh Hasina has slammed the country’s upcoming election after her party was barred from the polls, remarks that could deepen tensions ahead of the pivotal vote next month. Hasina, who was sentenced to death for her crackdown on a student uprising in 2024 that killed hundreds of people and led to the toppling of her 15-year rule, warned in an email to The Associated Press last week that without inclusive and free and fair elections, Bangladesh will face prolonged instability. She also claimed that Bangladesh’s

Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered

WASHINGTON, January 29, 2026 (AP) — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Chair Jerome Powell said at a news conference after the central bank announced its decision that the economy’s outlook “has clearly improved since the last meeting” in December, a development that he noted should boost hiring over time. The Fed also said in a statement that there were signs the job market is stabilizing. With the economy growing at a healthy pace and the unemployment rate

Stock markets decline in early trade after 2-day rally

Mumbai, Jan 29 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday after a two-day rally as investors turned cautious ahead of the Union Budget presentation on Sunday. The 30-share BSE Sensex dropped 343.67 points to 82,001.01 during initial trade. The 50-share NSE Nifty edged lower by 94.2 points to 25,248.55. From the 30-Sensex firms, Maruti declined nearly 3 per cent after its December quarter earnings failed to cheer investors. Maruti Suzuki India on Wednesday posted 4 per cent increase in consolidated net profit at Rs 3,879 crore for the December quarter FY26, hit by one-time

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