Business Trade

India’s Crude Oil Import Price Drops Below $70 per Barrel

By BPN News Desk April 15, 2025

India’s average crude oil import price has dropped to $69.39 per barrel as of April 11, 2025 — the first time it has dipped below the $70 mark since August 2021. This marks a sharp decline of more than 22% from April 2024, when the price stood at $89.44 per barrel. The drop is largely […]

Business Trade

India to Export 40,000 Tonnes of Shrimp to US Amid Tariff Pause

By BPN News Desk April 15, 2025

India is preparing to export between 35,000 and 40,000 tonnes of shrimp to the United States following a 90-day pause in proposed tariff hikes. The development offers a significant relief to Indian seafood exporters, who were facing uncertainty due to a planned 26% retaliatory tariff. The temporary pause now allows a flat 10% duty on […]

Business Trade

India Eyes US Precious Metal Imports to Narrow Trade Gap

By BPN News Desk April 12, 2025

In a strategic effort to reduce its widening trade deficit with the United States, India is exploring the possibility of importing high-value commodities such as gold, silver, platinum, and precious stones from the American market. This move is aimed at narrowing the trade gap that stood at $34.75 billion between April 2024 and February 2025. […]

Business Trade

Chinese Steel Undercuts Indian Market Amid Tariff Uncertainty

By BPN News Desk April 11, 2025

India’s steel industry is facing renewed pressure from an influx of low-cost Chinese steel, with imported prices undercutting domestic rates by as much as 12%. This aggressive pricing has sparked alarm within the industry, threatening the profitability and sustainability of Indian steel producers, particularly small and medium-sized enterprises already operating on

Business Trade

India Eyes Global Dairy Market as U.S. Trade Tensions Open Export Opportunities

By BPN News Desk April 7, 2025

India is poised to capitalize on shifting global trade dynamics as recent U.S. tariff hikes trigger retaliatory actions from key trade partners, opening a potential gap in international dairy supply chains. With the U.S. facing trade barriers in several markets, countries across West Asia, North Africa, Southeast Asia, Sub-Saharan Africa, and parts of East Asia […]

Business Trade

U.S. Imposes 26% Tariff on Indian Imports Amid Trade Tensions

By BPN News Desk April 3, 2025

The United States has announced a 26% tariff on imports from India, a move that intensifies trade tensions between the two nations. This decision is part of a broader strategy by the U.S. administration to address trade imbalances and protect domestic industries.​ Background of the Tariff Decision The U.S. administration has been implementing a series […]

Business Trade

India Imposes Anti-Dumping Duties on Four Chinese Products

By BPN News Desk March 23, 2025

India has announced the imposition of anti-dumping duties on four Chinese products to safeguard local manufacturers from the adverse effects of cheap imports. The move comes after detailed investigations confirmed that the goods were being dumped into the Indian market at prices below fair market value, harming domestic producers. The Ministry of Finance has formalized

Trade

Reliance Industries Exports €724 Million Worth of Fuel Refined from Russian Crude to U.S.

By BPN News Desk March 19, 2025

Reliance Industries Ltd, led by Mukesh Ambani, reportedly exported fuel worth approximately €724 million (₹6,850 crore) to the United States over a one-year period, with the fuel refined from Russian crude oil. According to a report by the Centre for Research on Energy and Clean Air (CREA), from January 2024 to January 2025, the U.S. […]

Business Trade

India Seeks Reciprocity in EU Free Trade Agreement Negotiations

By BPN News Desk March 17, 2025

India is advocating for reciprocal trade concessions in its ongoing Free Trade Agreement (FTA) negotiations with the European Union (EU), particularly concerning non-tariff barriers that limit Indian exports. The government aims to ensure that trade benefits are balanced, especially in sectors like medical devices, where regulatory challenges have hindered market access.

Business Trade

Govt Urges Industry to Shift Sourcing from China to US

By BPN News Desk March 14, 2025

The Indian government has advised domestic industries to reduce their dependence on Chinese imports and explore alternative sourcing from the United States. This move comes in response to growing concerns over trade tariffs and geopolitical uncertainties that may impact India’s supply chain. India Encourages Diversification of Imports Officials have urged key industry