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Congress asks govt to take Parliament into confidence on US, EU trade deals

New Delhi, Feb 3 (PTI) The Congress on Tuesday demanded that the Modi government should take Parliament into confidence and the text of both the EU and US trade deals must be laid on the table of both Houses and debated. Congress general secretary in-charge communications Jairam Ramesh said that from the information President Donald Trump has provided, it is abundantly clear that Prime Minister Narendra Modi has “completely surrendered”. He said that almost exactly a year ago, Prime Minister Modi landed at the White House to greet President Trump on his re-election. “His trademark huglomacy was on full display.

Stock markets cheer India-US trade deal: Sensex jumps over 5 pc; Nifty nears all-time high

Mumbai, Feb 3 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trading session on Tuesday after India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from current 25 per cent. The 30-share BSE Sensex jumped 3,656.74 points to 85,323.20 in opening trade. The 50-share NSE Nifty surged 1,219.65 points to 26,308.05. Later, both the benchmark indices further extended their winning momentum. The BSE benchmark zoomed 4,205.27 points or 5.14 per cent to 85,871.73. The Nifty jumped 1,252.8 points or 4.99 per

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

Mumbai, Feb 3 (PTI) The rupee appreciated 119 paise to 90.30 against the US dollar in early trade on Tuesday, after US tariffs on India were cut from 50 per cent to 18 per cent. Forex traders said the 18 per cent tariff changes the story, improving India’s relative position and reopening the door for FII participation. At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49. “The good news overnight was the US-India trade deal which was announced after a delay of

Trump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil

WASHINGTON, February 3, 2026 (AP) — President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. India has taken advantage of reduced Russian oil prices as much of the world has sought to isolate Moscow for its February 2022 invasion of Ukraine. Trump said that India would also start to reduce its import taxes on U.S. goods to zero and buy $500

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