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Iran’s foreign trade reached $76.54 billion in the first eight months of the current Iranian year, according to new data released by the Islamic Republic of Iran Customs Administration (IRICA). Total trade volume during the period amounted to 131.05 m…
India’s Union Cabinet has approved a ₹7,280 crore scheme to promote the manufacturing of sintered rare earth permanent magnets (REPM), marking the first integrated domestic ecosystem for these critical components.The initiative targets a production capacity of 6,000 metric tons per annum (MTPA), allocated to five beneficiaries through global competitive bidding, with each eligible for up to
India’s economy is expected to maintain strong growth momentum in the financial year 2025–26 despite heightened global uncertainty and the prolonged imposition of 50 per cent US tariffs, the International Monetary Fund (IMF) said in its latest assessment released in Washington on Wednesday. Under this baseline scenario, India’s real GDP is projected to grow at 6.6 per cent in FY2025–26
India and Slovenia have reaffirmed their commitment to expanding cooperation across trade, technology, and tourism, as both nations look to deepen their strategic and economic engagement.The renewed focus came during an official dialogue in New Delhi, where Secretary (West) Sibi George held discussions with a visiting Slovenian delegation led by Peter Japelj, Director General for Economic,
Russia is offering its Urals crude oil to India at the steepest discount in two years, currently around $7 a barrel cheaper than Brent crude, reported The Mint via a Video report.This significant price cut follows the imposition of new US sanctions on Russia’s key oil producers, Rosneft and Lukoil, which have disrupted the oil trade with India, forcing Indian refiners to reconsider their
Canada and India have entered a new phase of reconciliation and partnership, with Foreign Minister Anita Anand describing the process as a deliberate “step-by-step” engagement. In a detailed interview with CBC News’ Power & Politics, Anand outlined how Ottawa and New Delhi have been rebuilding trust and stability after more than a year of strained relations.According to Anand, the process
Afghan Minister of Industry and Commerce, Alhaj Nooruddin Azizi, concluded a week-long official visit to India from 19 to 25 November 2025, accompanied by a senior trade delegation.His visit underscored Kabul’s growing emphasis on economic diplomacy and the mutual interest of both nations in reviving trade and connectivity initiatives despite prevailing geopolitical complexities.During his visit,
Trump accepted an invitation from Chinese President Xi Jinping to visit China in April 2026 and will host Xi for a state visit in the United States later the same year. Their recent phone call followed a productive meeting in South Korea, covering topics such as Ukraine, trade—including soybeans and fentanyl—and ongoing peace efforts.Xi emphasised China’s support for peace in Ukraine and the
New IMF report prompts calls for corruption reforms. But experts say that needs political will, not technical tinkering.
India and Canada are accelerating diplomatic and economic engagement following Canadian Prime Minister Mark Carney’s acceptance of Indian Prime Minister Narendra Modi’s invitation for an early 2026 visit.This follows a bilateral meeting at the G20 Leaders’ Summit in Johannesburg where both leaders agreed to launch negotiations on a high-ambition Comprehensive Economic Partnership Agreement (CEPA)