SBI’s Venezuelan Oil Report Does Not Match Trade and Price Data

By BPN News Desk February 4, 2026

Op-Eds Opinion

India’s crude oil sourcing strategy became a public talking point after statements indicating a possible shift towards Venezuelan oil. Almost immediately, a research note from the State Bank of India argued that such a move could save India nearly $3 billion annually. Given the size of India’s

International

India-US Trade Deal Includes Energy and Investment Terms

By BPN News Desk February 4, 2026

The United States and India have announced a new trade agreement that includes commitments on tariffs, energy supplies and large-scale economic cooperation, following high-level discussions between US and Indian leaders. Trade and Tariff Changes Under the agreement, the United States has agreed to reduce its tariff on Indian goods to about 18 per cent, down […]

International

Taiwan President Urges Trade With Democracies

By BPN News Desk February 4, 2026

Taiwan President Tsai Ing-wen said on Tuesday that the island should expand trade and economic cooperation with other democracies rather than deepen ties with China, amid concerns about economic dependence on the mainland. Focus on Democratic Partners Speaking at a government forum, Tsai said diversifying Taiwan’s trade links is important for national security and economic

International

EAM Jaishankar-Rubio Talks Expand Beyond Trade

By BPN News Desk February 4, 2026

External Affairs Minister S. Jaishankar held high-level talks with U.S. Secretary of State Marco Rubio in Washington this week, focusing on strategic cooperation between India and the United States as broader bilateral ties deepen. Broader Strategic Agenda In discussions, both sides covered a wide range of issues including trade, critical minerals, defence, nuclear

Op-Eds Opinion

How $48 Billion in Indian Exports and Small Businesses Benefited from the US Tariff Cut

By BPN News Desk February 3, 2026

For much of 2025, India’s export sector was pushed into a corner by an unprecedented escalation of US tariffs. In a phased move, duties on Indian goods entering the United States climbed from already elevated levels to as high as 50 percent. This was not a marginal increase. It was a shock that threatened the […]

National

India-US Trade Deal a Win-Win: Ashwini Vaishnaw

By BPN News Desk February 3, 2026

Union Minister Ashwini Vaishnaw said the newly announced India-US trade deal is a win-win for citizens and industries in both countries, highlighting its potential to boost economic activity and strengthen bilateral ties. He said the agreement reflects growing cooperation between the two nations and balances the interests of producers, consumers and workers. Benefits for

Business

Exports Get Boost After India-US Trade Deal

By BPN News Desk February 3, 2026

India’s textiles, carpets and leather exports are expected to gain momentum following the India–US trade deal, which includes a reduction in US tariffs on Indian goods to 18 percent. Exporters said the move will improve price competitiveness of Indian products in the American market, especially for labour-intensive sectors. Industry Sees Revival in Orders Industry

National

India-US Trade Deal: PM Modi Thanks Trump for Tariff Cut

By BPN News Desk February 3, 2026

Prime Minister Narendra Modi thanked U.S. President Donald Trump after Washington agreed to reduce tariffs on Indian exports to 18 per cent. Modi said the lower tariff will benefit “Made in India” products and expressed gratitude on behalf of India’s 1.4 billion people. Tariff Reduction and Trade Context Earlier, the United States had imposed higher […]

Business Markets

Asia-Pacific Markets Rise on India-US Trade Deal

By BPN News Desk February 3, 2026

Asia-Pacific stock markets climbed on Tuesday after news of a new trade agreement between India and the United States, as investors reacted with optimism to prospects of lower tariffs and stronger bilateral commerce. Indian benchmark indexes showed positive momentum ahead of regional market openings. Indian Markets Jump In India, the GIFT Nifty index surged by […]

National

US and India Agree Trade Deal as Tariffs Lowered to 18%, Trump Says

By BPN News Desk February 3, 2026

U.S. President Donald Trump said on Monday, February 2, 2026 that the United States and India have reached a trade deal aimed at reducing longstanding trade tensions. The agreement was announced after a call between Trump and Indian Prime Minister Narendra Modi and described as a move to strengthen economic ties. Tariff Changes and Trade […]