New Delhi, April 13 India’s data centre market — valued at approximately $10 billion in 2025 — is expected to more than double to $22 billion by 2030, underscoring the strong growth trajectory and rising investor confidence in the sector, a report showed on Monday. India is emerging as a strategic data centre hub within […]
Mumbai, April 13 International crude oil prices surged on Monday, climbing nearly 10 per cent and crossing the $100 per barrel mark, following the US Navy’s move to blockade the Strait of Hormuz amid stalled peace talks. Brent crude futures jumped 8.61 per cent or $8 to hit an intraday high of $103.40. Similarly, US […]
Washington, March 16, President Donald Trump on Monday criticised some US allies for hesitating to assist Washington in securing the Strait of Hormuz, saying several nations whose economies depend heavily on the waterway had been reluctant to contribute ships or equipment. Speaking at the White House before a meeting with board members of the Trump […]
New Delhi, March 13 The Ministry of Commerce and Industry on Friday said that India and the United States continue to remain engaged in discussions for a mutually beneficial bilateral trade agreement, rejecting media reports that suggested a pause in negotiations. In a statement, the ministry clarified that there has been no hold on bilateral […]
New Delhi, March 11 India on Wednesday welcomed the International Energy Agency’s (IEA) decision to release emergency oil stocks amid the prevailing supply disruptions due to the Iran war. The government is closely monitoring the evolving situation in global energy markets, particularly in the Middle East, an official said. India stands ready to take appropriate […]
New Delhi, Feb 24 The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al-Budaiwi. “Amidst global uncertainties, it is most opportune that […]
Bengaluru, Feb 18 United States Under Secretary of Commerce for International Trade William Kimmitt led a delegation of officials from the International Trade Administration (ITA) to Bengaluru this week, marking the first leg of a visit to India ahead of the Department of Commerce’s participation in the 2026 India AI Impact Summit, according to an […]
Mumbai, Feb 10 India’s real GDP growth will likely touch 6.9 per cent in 2026 and 6.8 per cent in 2027, and the recent US-India trade deal should add about 0.2 percentage (20 bps) to annual GDP growth, a new report has said. The report from Goldman Sachs Research said, “Our analysts expect an incremental […]
New Delhi, Feb 9 India’s real gross domestic product (GDP) is likely to expand 6.4 per cent in fiscal 2026‑27 — the fastest among G20 economies — driven by strong domestic consumption and policy measures, a new report has said. The report from Moody’s Ratings said the country’s banking system outlook remains broadly favourable amid […]
New Delhi, Jan 27 By boosting bilateral trade and economic ties, the India-EU trade deal supports job creation, MSME growth in tech, and overall confidence for investors in India’s services sector, IT industry’s apex body Nasscom said on Tuesday. The FTA includes dedicated SME chapters with contact points and digital platforms. Given the geopolitical challenges, […]