Pharma exports grow 9.4% to $30.47 billion in FY25; industry eyes double-digit expansion by 2026-27

India’s pharmaceutical exports rose 9.4 per cent in 2024–25 to $30.47 billion, with the industry targeting double-digit growth in 2026–27 amid efforts to expand global market access, the commerce ministry said on Saturday, PTI reported. Issues related to pharmaceutical exports were discussed during a Chintan Shivir held in Ahmedabad between government officials and industry representatives,…

Read More

‘Why did we compromise our … ‘: Congress raises 7 questions after US court strikes down Trump tariffs

PM Modi and US President Donald Trump (File photo) NEW DELHI: The Congress on Saturday once again targeted Prime Minister Narendra Modi over the recently finalised interim trade agreement, earlier this month, between India and the United States, which took nearly a year to reach mutual consensus. The largest opposition party’s attack on PM Modi…

Read More

‘Reflection of trust’: PM Modi, Brazil President Lula sign rare earths deal; aim for trade beyond $20 billion

Prime Minister Narendra Modi with Brazilian President Luiz Inacio Lula da Silva during a joint press meet Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva on Saturday set a target to raise bilateral trade to $20 billion within five years and signed key agreements in areas including rare earth minerals, digital…

Read More

‘Govt will study’: Union minister Pralhad Joshi on US Supreme Court ruling striking Trump tariffs

Union minister Pralhad Joshi (ANI photo) NEW DELHI: Union minister Pralhad Joshi on Saturday said the Centre will study the recent US Supreme Court ruling on tariffs before making any official statement, stressing that the matter will be handled by the Piyush Goyal-led commerce ministry and Jaishankar’s ministry of external affairs (MEA).Speaking to reporters here,…

Read More

AI Impact Summit declaration secures support of 86 nations, two global bodies: Ashwini Vaishnaw

Eighty-six countries and two international organisations have signed the AI Impact Summit declaration, signalling broad global support for shared principles on responsible and inclusive artificial intelligence, IT minister Ashwini Vaishnaw said on Saturday. The declaration was adopted at the conclusion of the India AI Impact Summit held in New Delhi, with signatories including the US,…

Read More

Trump accuses SCOTUS of being swayed by foreign interests after legal setback; attacks US companies and attorneys with India ties

TOI correspondent from Washington: In an extraordinary and unprecedented attack on a storied 236-year old institution that predates the arrival in America of his forbears by almost a century, President Donald Trump has accused the US Supreme Court of being swayed by foreign interests after it struck down his “liberation day” tariffs in a 6-3…

Read More

Industry hopes govt can rework US trade pact

New Delhi: Domestic industry and experts saw some relief in the US Supreme Court striking down Trump’s tariffs and argued that it may help India negotiate a better deal.While US President Donald Trump had imposed 50% tariffs on Indian exports, the 25% penal tariffs have been done away with. With the interim agreement finalised, the…

Read More

RBI expected to maintain prolonged rate pause, supported by low inflation, stable growth outlook: Report

The likelihood of a monetary policy rate hike remains low due to subdued core inflation, according to a report by ICICI Bank Global Markets. The Reserve Bank of India is expected to maintain a prolonged pause in its rate cycle into FY2026–27, with greater emphasis on injecting durable liquidity to ensure effective monetary policy transmission,…

Read More