Latest News

Missed signals, lost deal: How India-US trade talks collapsed

NEW DELHI/WASHINGTON, Aug 6 (Reuters) – After five rounds of trade negotiations, Indian officials were so confident of securing a favourable deal with the United States that they even signalled to the media that tariffs could be capped at 15%. Indian officials expected U.S. President Donald Trump to announce the deal himself weeks before the August 1 deadline. The announcement never came. New Delhi is now left with the surprise imposition of a 25% tariff on Indian goods from Friday, along with unspecified penalties over oil imports from Russia, while Trump has closed larger deals with Japan and the EU,

Rupee rises 15 paise to 87.73 against US dollar in early trade

Mumbai, Aug 6 (PTI) The rupee rose 15 paise to 87.73 against the US dollar in early trade on Wednesday amid a weakening greenback as markets awaited the outcome of the Reserve Bank’s MPC meet. However, a rise in global Brent crude prices and FII outflows capped further gains in the local unit, forex traders said, adding that markets continued to wait for the outcome on the US tariffs. At the interbank foreign exchange, the domestic unit opened at 87.72 against the US dollar before dipping marginally to 87.73, registering a rise of 15 paise from its previous close. The

Musk vs. Modi: Inside the battle over India’s internet censorship

BENGALURU/NEW DELHI, Aug 6 (Reuters) – In January, an old post on Elon Musk’s social media platform, X, became a concern for police in the Indian city of Satara. Written in 2023, the short message from an account with a few hundred followers described a senior ruling-party politician as “useless”. “This post and content are likely to create serious communal tension,” inspector Jitendra Shahane wrote in a content-removal notice marked “CONFIDENTIAL” and addressed to X. The post, which remains online, is among hundreds cited by X in a lawsuit it filed in March against India’s government, challenging a sweeping crackdown

Trump says he will raise tariffs on India ‘very substantially’ over next 24 hours

New York, Aug 5 (PTI) US President Donald Trump on Tuesday said India has not been a good trading partner and announced that he will raise the tariffs on India “very substantially” over the next 24 hours. “With India, what people don’t like to say about India, they’re the highest tariff nation. They have the highest tariff of anybody. We do very, very little business with India because their tariffs are so high,” Trump said in an interview with CNBC Squawk Box. “India has not been a good trading partner, because they do a lot of business with us, but

1 … 637 638 639 640 641 … 1,488