India-US trade pact: GTRI flags GM food risk; warns of EU export hit

This is an AI-generated image, used for representational purposes only. The Global Trade Research Initiative (GTRI) has raised red flags over the potential inclusion of genetically modified (GM) agricultural products in the proposed interim trade pact between India and the United States, warning that such a move could harm India’s agri-export competitiveness, particularly in the…

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RDI scheme: Government aims to ‘jumpstart India’s R&D ecosystem’; offer low-interest funding for startups

This is an AI-generated image, used for representational purposes only. India’s newly approved Research Development and Innovation (RDI) scheme, with a massive Rs 1 lakh crore corpus, is set to provide a major boost to private sector R&D and deep-tech startups by making long-term, affordable financing accessible for high-impact innovation projects, a senior government official…

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‘Take it or leave it’: Donald Trump says US tariff letters ready for 12 countries ahead of July 9 deadline; will be sent out from…

The US president and his senior officials had initially planned to engage in tariff rate discussions with many countries. (AI image) Donald Trump’s tariff deadline: Ahead of his self-imposed deadline on reciprocal tariffs, US President Donald Trump has said that 12 countries will be getting letters Monday onwards detailing their tariff rates. It is yet…

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Brics summit: India pushes for trade without barriers; business leaders call for local currency use, digital collaboration

Representative image (Picture credit: AP) As Prime Minister Narendra Modi embarks on his visit to Brazil for the 17th Brics Summit, Indian business leaders and the Brics Business Council are pushing for deeper economic integration and seamless trade within the bloc. Onkar Kanwar, chairman of the Brics Business Council, underlined that the grouping’s central aim…

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Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

Saudi Arabia, Russia and six other major oil producers from the OPEC+ alliance will meet on Saturday to decide their crude output strategy for August, with analysts expecting the bloc to approve another production hike of 411,000 barrels per day (bpd), mirroring decisions made for May, June and July. The meeting will be held virtually…

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ONGC plaint: CCI seeks docs from UltraTech

NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit financial documents, after its director general in its investigations found contravention of competition norms.The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements…

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