India, UK forge Free Trade Agreement; PM Modi terms it ‘historic milestone’

[ad_1] PM Modi and Keir Starmer (File photos) NEW DELHI: In a significant boost to bilateral relations, India and the United Kingdom have successfully concluded a Free Trade Agreement (FTA) and a Double Contribution Convention, marking a significant milestone in their strategic partnership.The announcement was made by Prime Minister Narendra Modi following a conversation with…

Read More

Paytm narrows loss to Rs 545 crore in Q4, revenue falls nearly 16%; operational profit, excluding ESOP costs, rises to Rs 81 crore

[ad_1] Paytm’s parent company One97 Communications reported a reduced consolidated loss of Rs 545 crore for the quarter ending March 31, 2025, helped by lower payment processing charges and employee benefit expenses. The results include a notional, non-cash loss of Rs 522 crore, comprising Rs 492 crore in ESOP expenses and Rs 30 crore in…

Read More

‘Bold, future-ready step’: Piyush Goyal lauds India-UK Free Trade Agreement

[ad_1] India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement’s potential to enhance trade, investment, and employment. NEW DELHI: Following the…

Read More

US records record trade deficit of $140.5 billion in March, preceding Trump tariffs

[ad_1] The United States recorded its highest trade deficit in March, with the total shortfall expanding by 14.0 percent to $140.5 billion, according to the latest government data released on Tuesday. This marks the largest trade deficit since 1992, reflecting a $17.3 billion increase from February’s revised figure of $123.2 billion. The Commerce Department’s report…

Read More

How Donald Trump’s proposal to slap 100% tariffs on foreign films could hit Indian film industry

[ad_1] Donald Trump (File photo) Donald Trump deals a blow to Indian films! The proposed 100% tariffs on foreign films by US President Donald Trump presents an unexpected challenge for the Indian film industry, potentially impacting its commercial success and sustainability in a crucial international market, according to industry leaders. Trump’s justification for this measure…

Read More

RBI forex income likely higher, set to push dividend payout to central government

[ad_1] The central bank’s income from foreign exchange reserves deployment in FY25 appears higher than the previous year, influenced by sustained elevated US treasury yields throughout several months, based on recent RBI data quoted by the Economic Times.This income, stemming from interest earnings on foreign assets, could contribute to an increase in the central bank’s…

Read More

China warns ‘unprecedented huge risks’ to global economy from US tariffs

[ad_1] AI-generated image (Credit: Bing image creator) China’s finance minister has criticized US tariffs for introducing “unprecedented huge risks” to global economic stability, according to a ministry publication released Tuesday. Simultaneously, China’s foreign ministry, via state-run Xinhua news agency, stated that the US must change its “threatening” stance if it hopes to reach any agreement….

Read More

India-UK FTA to boost bilateral trade to $100 billion by 2030 and benefit exporters, say industry bodies

[ad_1] Industry organisations on Tuesday welcomed the India-UK Free Trade Agreement (FTA), asserting it will significantly support Indian exporters aiming to expand their presence in the UK market, particularly in the face of current global economic uncertainties. The agreement aspires to elevate bilateral trade to USD 100 billion by 2030. Experts cited by news agency…

Read More

What does the UK-India FTA mean for India? Top benefits – from cheaper cars, whisky to cheer for Indian professionals

[ad_1] Officials have characterised the UK-India FTA as India’s most extensive agreement. (AI image) India-UK trade deal: Prime Minister Narendra Modi announced on X (formerly Twitter), the ‘historic milestone’ that India and the UK have achieved in concluding a Free Trade Agreement (FTA) between the two countries. The agreement is anticipated to be officially signed…

Read More