archiveindian express

Ahead of his meeting with United States President Donald Trump at the White House, Prime Minister Narendra Modi met Vice President J D Vance in Paris Tuesday and they discussed diversification of India’s energy sourcing. The bilateral meeting took place on the sidelines of the Artificial Intelligence Action summit, a day before PM Modi is set to fly to the US to meet Trump within a month of him assuming office for his second term. PM Modi and Vance “discussed topics of mutual interest, including how the United States can...

Union Finance Minister Nirmala Sitharaman Saturday announced a significant hike in foreign direct investment (FDI) in the insurance sector — from 74% to 100% — paving the way for the entry of global insurance giants, substantial foreign investments and tough competition in the Indian market.The government will hopes this major reform boosts insurance penetration in the country, which, as per an IRDAI report, was at 3.7% in 2023-24. The global insurance penetration at the same time was 7%. With the 100% FDI, foreign insurers will have full autonomy to operate...

United States President Donald Trump Friday repeated his intention to impose 100% import tariffs on the BRICS (Brazil, Russia, India, China, and South Africa) countries if they took any steps towards cutting the use of the dollar in global trade. In a post shared on social media platform Truth Social, Trump declared that the United States would not stand idly by while the BRICS bloc pursues the development of an alternative currency. Trump, who has already kicked off imposition of tariffs on Canada and Mexico, demanded a firm commitment from...

Despite multiple challenges and uncertainties, India’s Gross Development Product (GDP) growth rate has rebounded, largely driven by the services sector, which accounts for approximately 55 percent of the current GDP, according to the Ministry of Statistics and Programme Implementation. This growth is particularly notable in the IT sector, which contributes about 56 percent of India’s total services exports on the national landscape, as per a report by the Global Trade Research Initiative (GTRI).As reported by World Bank, the US$3.5 trillion Indian economy enters 2025 with immense potential in areas such...

The rupee witnessed high volatility in morning trade on Wednesday, as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors to take the cautious path. Forex traders said the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank foreign exchange, the rupee opened at 86.56, and fell to a low of 86.71 against the greenback in a highly volatile morning session. On Tuesday, the rupee fell 13 paise to 86.58...