Trade

Indian Pharmaceutical Alliance Advocates for Zero Tariffs on U.S. Pharma Imports Amidst Trade Tensions

By BPN News Desk March 2, 2025

In a strategic move to mitigate potential trade tensions and foster a more balanced pharmaceutical trade relationship, the Indian Pharmaceutical Alliance (IPA) has urged the Indian government to eliminate import tariffs on pharmaceutical products from the United States. This proposal comes in the wake of U.S. President Donald Trump’s announcement of imposing at least

Trade

Maersk Commits $5 Billion to Enhance India’s Port and Logistics Infrastructure

By BPN News Desk February 28, 2025

A.P. Moller Maersk announces a $5 billion investment to develop India's ports, terminals, and landside infrastructure, focusing on Pipavav terminal expansion and Vadhavan Port development, aiming to streamline supply chains and boost economic growth.

Trade

India and EU Commit to Finalizing Free Trade Agreement by Year-End

By BPN News Desk February 28, 2025

India and the European Union have agreed to conclude a comprehensive free trade agreement by the end of this year, aiming to enhance bilateral cooperation in trade, technology, and defense.

Trade

India Considers Extending Import Restrictions on Steelmaking Raw Materials

By BPN News Desk February 26, 2025

The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a

Business Trade

India’s Russian Oil Imports Reach €49 Billion Amid Ongoing Ukraine Conflict

By BPN News Desk February 25, 2025

In the third year of the ongoing Ukraine conflict, India has significantly increased its importation of Russian crude oil, totaling €49 billion. This substantial rise is attributed to the availability of discounted prices, prompting India to shift its traditional oil sourcing from the Middle East to Russia. Impact of the Ukraine Conflict on Global Energy […]

Business Trade

India Doubles Crude Oil Imports from the US

By BPN News Desk February 24, 2025

India’s crude oil imports from the United States saw a dramatic increase in February 2025, doubling to an average of 200,000 barrels per day (bpd) from 110,000 bpd in January. This rise underscores India’s efforts to diversify its energy sources amid shifting global trade patterns and geopolitical tensions. The increase in imports from the US […]

Business Trade

Sensex Falls Below 75,000 Amid Global Growth Concerns

By BPN News Desk February 24, 2025

On Monday, February 24, 2025, Indian equity markets witnessed a substantial downturn, with the BSE Sensex falling below the 75,000 mark and the Nifty 50 index experiencing a significant drop. This decline is primarily attributed to escalating concerns over global economic growth, particularly in the United States, which have unsettled investors. Sensex and Nifty Plunge

Trade

India’s Agricultural Exports Achieve Historic Milestones Under Modi Government

By BPN News Desk February 23, 2025

Under Prime Minister Narendra Modi’s administration, India’s agricultural exports have experienced a significant surge, with several products entering international markets for the first time. This expansion not only showcases the country’s diverse agricultural capabilities but also aligns with the government’s vision of ‘Aatmanirbhar

Trade

India and U.S. Nearing Comprehensive Trade Agreement: Piyush Goyal

By Editor - News Desk February 23, 2025

Union Commerce and Industry Minister Piyush Goyal has announced that India and the United States are on the verge of finalizing a comprehensive bilateral trade agreement, which he described as the “mother of all deals.” Speaking at the Invest Kerala Global Summit (IKGS) on February 21, 2025, Goyal expressed optimism about the forthcoming negotiations with […]

Business Trade

Gold Prices Drop ₹1,200 After Hitting Record High

By BPN News Desk February 17, 2025

Gold prices in India saw a sharp decline of ₹1,200 per 10 grams, bringing the price down to ₹88,200 after hitting an all-time high. The drop follows fluctuations in the international market, with global gold rates showing signs of correction. Global Market Trends Impacting Gold Rates The recent price dip comes amid shifting global market […]