Washington, May 25 (IANS) India and Canada are aiming to nearly double bilateral trade to $50 billion within the next five years as both countries push to reset economic ties and fast-track negotiations on a comprehensive trade pact, India’s High Commissioner to Canada, Dinesh K Patnaik, said in an exclusive interview to IANS.The comments come ahead of Union Commerce and Industry Minister Piyush Goyal’s visit to Canada from May 25–27, accompanied by one of the largest Indian business deleg…
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New Delhi, May 24 (IANS) US Secretary of State Marco Rubio stated on Sunday that India and the United States, as the two largest democracies, lay the foundation for “incredible cooperation”, while emphasising that his visit is not focused on “restoring” ties, but rather on enhancing what he described as a “very solid and strong strategic partnership.” He called the US’ partnership with India “one of the most important in the world”. Rubio made these statements in his opening remarks during his m…
New Delhi, May 23 (IANS) Despite public assertions of a no-limits strategic partnership, Russia-China trade has shown signs of slowing after years of strong post-2022 expansion, even as political ties between Moscow and Beijing remain close, a report has said.A report by The Moscow Times highlighted that during Russian President Vladimir Putin’s recent visit to China, both sides emphasised deepening cooperation and robust economic engagement.However, trade figures indicate emerging constraints…
New Delhi, May 23 (IANS) The Indian government has effectively managed the impact of global crude oil volatility, maintaining stable fuel availability backed by strong refining capacity and supply systems that have ensured uninterrupted access to petrol and diesel, KPMG International’s Global Head for Energy, Natural Resources and Chemicals (ENRC) Anish De said on Saturday.In an exclusive interview with IANS, De said recent fuel price increases in India reflect the lag between global crude oil…
New Delhi, May 23 (IANS) Commerce and Industry Minister Piyush Goyal will visit Canada from May 25-27 with a delegation of nearly 150 industry leaders to boost bilateral economic and trade ties, it was announced on Saturday.India and Canada aim to reach $50 billion in bilateral trade over the next five years.In a news briefing, Goyal said India expects to sign a free trade agreement (FTA) with Canada, covering sectors such as energy and critical minerals. The discussion woul…
Chennai, May 18 (IANS) In a move aimed at improving administrative efficiency and ensuring closer coordination across departments, Tamil Nadu Chief Minister C. Joseph Vijay has assigned a wide range of government portfolios to senior officials in the Chief Minister’s Office (CMO), outlining a new administrative structure for overseeing governance and policy implementation. According to an order issued by the CMO, senior bureaucrats have been entrusted with clusters of important departments to …
New Delhi, May 16 (IANS) The ongoing US-Iran tensions are imposing rising economic costs on China, exposing Beijing to mounting risks across energy supplies, trade flows and regional investments amid the escalating Gulf crisis, a report has said.The report by Iran International showed that China has expressed growing concern over disruptions to the Strait of Hormuz, a critical energy corridor through which nearly 45 per cent of its oil imports flow, even as it continues to maintain diplomatic su…
Abu Dhabi, May 15 (IANS) Prime Minister Narendra Modi held a meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi on Friday, with the discussions centred on enhancing bilateral relations, particularly in the sectors of energy, trade and investment, the blue economy, technology, including fintech, defence, and fostering people-to-people connections. The two leaders also discussed the developments in West Asia and other global issues.In a post on X, Ministry of External Affai…
Beijing, May 14 (IANS) The United States and China agreed Thursday that Iran can never have a nuclear weapon and the crucial Strait of Hormuz must remain open, a White House official said after Presidents Donald Trump and Xi Jinping held a high-stakes summit in Beijing.The leaders had the much-anticipated meeting at the imposing Great Hall of the People, during which they discussed an array of consequential issues, including trade, the ongoing US-Israeli war on Iran and Taiwan, the self-governin…
New Delhi, May 13 (IANS) India recorded 220 deals worth $22.8 billion in April 2026 because of a substantial surge in outbound mergers and acquisitions (M&A) activity despite ongoing global macroeconomic and geopolitical uncertainties, a report showed on Wednesday.The report by Grant Thornton Bharat highlighted that five billion-dollar deals contributed $17.4 billion during the month, accounting for nearly 80 per cent of the total deal value.Moreover, M&A activity emerged as the key driv…