India Inc hikes prices, shrinks packs as Iran war squeezes margins
Reuters CHENNAI/BENGALURU, June 8 (Reuters) – From smaller packs on shelves to higher prices at
Trade & Economy
US Trade Representative Proposes 12.5% Additional Duties on India, 53 Other Countries Over Forced Labour Import Violations
India has denied the allegations under the forced labour clause and asked the US to end the investigations, saying such matters should be addressed within the framework of ongoing bilateral trade negotiations.
Iran is consolidating control of Hormuz with island checkpoints, diplomatic deals – and sometimes ‘fees’
Iran is enforcing a multi-tiered system for clearing vessels through the Strait of Hormuz as nations try to replenish dwindling energy supplies throttled by the war. The U.S. has warned against complying with Iran’s controls. Some shippers and governments are taking the risk.
India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say
Reuters New Delhi, May 11 (Reuters) – India has declined Russia’s offer to sell it
UAE to Exit OPEC, OPEC+ from May 1st
The UAE State news agency WAM said the move follows a review of production policy and capacity, aimed at enhancing flexibility in responding to market demand while continuing to support global energy stability.
Saudi Arabia backstops Pakistan with $3 billion as UAE debt looms
Reuters DUBAI/LAHORE April 15 – Saudi Arabia will provide $3 billion in additional support for Pakistan
World Bank Raises India ‘s FY27 GDP Growth
The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody’s Ratings.
War prompting some Asia, Gulf companies to consider new Istanbul Financial Center, CEO says
Reuters Istanbul, April 6 (Reuters) – The Iran war has prompted dozens of companies with
US Won’t Allow India to Become Rival Like China, Official Says
India has avoided taking sides in the widening conflict, as it finalizes a trade deal under negotiation since US President Donald Trump took office.
Uzbekistan, Taliban Pledge to Increase Trade to $5 billion
Officials from Uzbekistan and the Taliban administration say they plan to increase bilateral trade to