Industry Trends

Niti Aayog calls for tariff cuts, manufacturing shift; flags passenger vehicles as export opportunity

Niti Aayog urges India to cut tariffs and boost manufacturing in high-demand sectors like passenger vehicles to enhance global competitiveness. The policy think tank emphasizes increasing two-way trade and integrating deeper into global supply chains. Focusing on automotive exports, the report highlights the need for quality improvements and market diversification to capture a larger share of the growing global market.

Industry Trends

Tech, healthcare extend Wall St rally, focus on week's jobs report

Wall ‍Street's ​main indexes opened subdued ⁠on Tuesday, as investors took a breather ‌after ‌the main indexes posted ‌their biggest intraday gains in weeks in the previous session, ​while markets ​braced for a ‌data-heavy ‍week of labor ‍reports.

Industry Trends

Russia oil trade: India imported €144bn worth of crude since start of Ukraine war

India has emerged as Russia's second-largest crude oil buyer, importing approximately 144 billion euros since the Ukraine war began. This surge followed Western nations' reduced imports, significantly boosting Russia's fossil fuel earnings. While India's purchases have recently dipped due to fresh sanctions, the trend highlights a major shift in global energy trade dynamics.