One of the defining characteristics of mature consumer markets is not simply the abundance of products, but the quality of consumer decision-making. Across sectors, rising financial awareness, easier access to information and digital discovery are changing what people choose to buy and how they
Imagine reaching retirement with a bond portfolio that works like a staircase. One bond matures this year, another next year, and another the year after, giving you access to money at different points instead of having to unlock the entire investment at once
Augmont Enterprises IPO Day 2: The initial public offering (IPO) of integrated gold and silver platform Augmont Enterprises Ltd is witnessing its second day of bidding today, August 24. So far, the public issue has been subscribed 2.88 times. The Rs 825-crore IPO
Gold prices remain high in India; check 22K, 24K rates in Mumbai, Delhi, Bengaluru International gold prices also climbed to a more than three-month high on Monday. Published on: Aug 24, 2026, 13:46:24 IST By HT News Desk Prefer HTon Google Share via Copy link Gold prices remained high in India on
Businesses from India and the U.S. have expressed interest in investing in Bangladesh and made proposals to improve the country's investment climate, Commerce Minister Khandakar Abdul Muktadir has said. Mr. Muktadir’s remarks on Saturday (August 22
Big Setback For US: Free Trade Deal Between India, Russia Is Closer Than Ever
Big Setback For US: Free Trade Deal Between India And Russia Is Closer Than Ever
India and Russia are holding negotiations for a possible free trade agreement, which could expand trade ties between New Delhi and the Russia-led Eurasian Economic Union. The EAEU includes Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. If the agreement is finalised, it is expected to open the door to a major rise in trade between India and the five-nation bloc.
India-Russia Free Trade Agreement: There are signals of optimism from Moscow. Russian Deputy Prime Minister Alexey Overchuk has said that Indian products could soon become far more visible on store shelves across Russia. Confirming that negotiations on a Free Trade Agreement (FTA) are going on, he said the first round of talks has already been held.
Calling India a massive and fast-growing market, he described the country as a close and trusted partner. “India is a large market, which is rapidly developing and growing. It is a country that is close to us and friendly. They want to work with us, trade with us and all of this will be secured through specific agreements,” he said.
The possible deal is being seen as a major geopolitical development, especially at a time when the United States has imposed steep tariffs on Indian goods. Analysts view the progress on an India-Russia trade pact as a blow to Washington's economic pressure strategy.
Add Zee News as a Preferred Source
It was the Commerce and Industry Minister Piyush Goyal who had first announced that India is formally beginning negotiations for a free trade agreement with the Eurasian Economic Union (EAEU). India is in talks with the five-member bloc (Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan) on the terms of the proposed agreement.
A roadmap spanning 18 months has been prepared as part of the negotiations. The goal is to explore new markets for Indian businesses, with special focus on micro, small and medium enterprises and farmers and fishermen.
Officials believe the agreement could help Indian exporters gain easier access to Eurasian markets while also strengthening supply chains.
India and Russia share a partnership that has stood the test of time. The ties took a decisive turn in October 2000, when the New Delhi and Moscow signed the India-Russia Strategic Partnership Declaration. Since then, cooperation has expanded across politics, security, defence, trade, economy, science and technology, culture and people-to-people exchanges.
In December 2010, during Russian President Vladimir Putin's visit to India, the relationship was elevated to the level of a Special and Privileged Strategic Partnership. Since then, regular dialogue at political and official levels has been maintained through multiple institutional mechanisms to ensure engagement and cooperation.
The main government-level platform driving trade and economic cooperation is the India-Russia Intergovernmental Commission on Trade, Economic, Scientific and Cultural Cooperation (IRIGC-TEC). It is co-chaired by India's external affairs minister and Russia's first deputy prime minister.
The 26th session of the IRIGC-TEC was held in Moscow on August 20, this year. Discussions focussed on removing tariff and non-tariff barriers, easing logistics bottlenecks, improving connectivity, strengthening payment mechanisms and finalising the Programme for Economic Cooperation up to 2030. Both sides pushed for the early conclusion of the India-EAEU free trade agreement.
India and Russia are working towards an ambitious bilateral trade target of US$100 billion by 2030. The two countries are also pursuing goals set by their leaders, including $50 billion in mutual investment by 2025 and annual bilateral trade of $100 billion by 2030.
Trade between the two nations has already seen growth. In the financial year 2024-25, bilateral trade touched a record $68.7 billion. Indian exports of pharmaceuticals, chemicals, iron and steel and marine products were recorded at $4.9 billion. Imports from Russia that comprises of crude oil and petroleum products, sunflower oil, fertilisers, coking coal and precious stones and metals stood at $63.8 billion.
With negotiations gaining pace and political backing on both sides, the free trade agreement between India and Russia now appears closer than ever.
Source: ZeeNews
Related Posts: India Russia free trade agreement, Eurasian Economic Union trade deal, India Russia bilateral trade, India EAEU free trade agreement, Russia India economic partnership
Minimalistic retractable door handles became a signature feature of electric vehicles (EVs), but the controversial designs are now at the centre of China's biggest car recall, affecting more than 4 million vehicles. The recall, which includes 2.98 million Chinese-made Teslas
11 hours ago
Tempsens Instruments India IPO Day 3: The initial public offering (IPO) of temperature sensing and heating solutions provider Tempsens Instruments Ltd is witnessing its final day of bidding today, August 24. So far, the public issue has been subscribed by a strong 31.34 times. The Rs 650-crore IPO
11 hours ago
S&P 500 just hit a level seen only once before in 155 years — could a market crash be next? The S&P 500 CAPE ratio hit 40 for only the second time in 155 years, raising concerns about valuations, future returns and a possible market correction. Updated on: Aug 23, 2026
15 hours ago
Anthropic $2 trillion IPO: Why investors think it could be worth more than SpaceX Anthropic could reach a $2 trillion IPO valuation as revenue surges, raising questions about whether the AI company can be worth more than SpaceX. Published on: Aug 23, 2026
15 hours ago
US President Donald Trump has said Canada wants "the benefits of being a State, without being one" after trade talks between the two countries collapsed late on Friday. In his first comments since negotiations broke down, triggering new 50% US tariffs on a range of Canadian goods
1 days ago
India’s payments sector has raised $5.8 billion across 371 equity funding rounds since January 2021, while producing eight initial public offerings (IPOs) and triggering 25 acquisitions, as the industry increasingly consolidates around a handful of well-funded players
1 days ago
Can Reddit survive in the AI era? It wants more cash for its data—and more of people’s time Published on: Aug 22, 2026, 16:40:48 IST The Economist Prefer HTon Google Share via Copy link Earlier this summer “Backrooms”, a horror flick, became one of the most successful independent films ever
1 days ago
What with a 250th birthday, Taylor Swift's wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer. But signs of economic trouble have been building. This week they hit the headlines when US national debt passed the $40tn (£29.4tn) mark
1 days ago
Insurance regulator IRDAI has directed Edelweiss Life Insurance and Pramerica Life Insurance, in separate orders on August 20, not to open new place of business for six months for non-compliance with Expenses of Management (EoM) limits in 2024-25
2 days ago
India remains a very attractive destination for global investments and its economic fundamentals form the basis for strong investor confidence, Jyoti Jeetun, the Minister of Financial Services and Economic Planning of Mauritius told The Hindu in an interview
2 days ago
A fresh wave of US tariffs on a wide array of Canadian goods has come into effect as of midnight on Saturday after a last minute break down in trade talks. Announcing the suspension of negotiations shortly before the Friday night deadline, Canadian Prime Minister Mark Carney said he would impose
2 days ago
TCS Employee Surveillance Row: Tata Consultancy Services (TCS), India’s largest IT services company, on Friday denied reports that it is using monitoring tools to track individual employee activity on company-issued laptops. The IT giant said the purpose of the tools is to monitor the overall
2 days ago
Walmart stock falls 9% as retailer finally brings Apple Pay, Google Pay Walmart stock fell 9% after earnings despite beating estimates and raising guidance. The retailer will add Apple Pay and Google Pay Tap to Pay from August 24. Updated on: Aug 21, 2026
2 days ago
TikTok has agreed to pay $400m (£293m) to the US to end a lawsuit alleging its platform violated children‘s privacy, marking one of the largest ever settlements over the issue. The deal stems from a 2024 suit by the Department of Justice under former President Joe Biden alleging TikTok and its
2 days ago
What’s next for Nvidia after the AI chip boom? Wall Street wants more—here’s what investors need to know Nvidia stock faces high expectations ahead of August 26 earnings as Wall Street watches AI growth, valuation, open-source models and Nvidia's next big story. Updated on: Aug 22, 2026
2 days ago
Costco dividend rises: Why a $10,000 investment pays only $61 yearly A $10,000 Costco investment earns only about $61 a year in regular dividends. Here’s why investors still buy COST for growth and special dividends. Updated on: Aug 20, 2026
3 days ago
Leaving education, getting a job, buying a home and perhaps starting a family: the path previous generations followed may seem a distant dream to many now. But is it getting a bit easier - at least when it comes to getting on the housing ladder? Today's prospective first-time buyers may well feel
3 days ago
Nearly six months after US President Donald Trump vowed a swift victory over Iran, the conflict appears to be at a standstill, with prospects of a military victory or negotiated settlement growing dimmer. To break the deadlock, Trump has vowed an "economic D-Day" under which any country that does
3 days ago
Why US stocks fell today: Dow, S&P 500, Nasdaq drop as oil and bond yields rise US stocks fell as oil prices and Treasury yields rose. Dow, S&P 500 and Nasdaq dropped as Trump's Iran threat, Walmart and the bond market hit Wall Street. Published on: Aug 20, 2026
3 days ago
Crypto stocks surge as Trump backs Clarity Act: Coinbase, Circle, miners rise Crypto stocks surge as Trump backs the Clarity Act. Coinbase, Circle, Bitcoin miners and other crypto shares rise as investors expect clearer US crypto rules. Updated on: Aug 20, 2026
4 days ago
Stock Market Today, August 20: The domestic equity market snapped its seven-day losing streak and ended sharply higher on Thursday, August 20, as broad-based buying lifted sentiment across sectors after the US Treasury stepped in to contain the surge in global bond yields
4 days ago
The Reserve Bank of India RBI has accorded its approval to Life Insurance Corporation of India (LIC) for acquiring an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in HDFC Bank Ltd., the bank said in a filing with the exchanges on Wednesday (August 19, 2026) night
4 days ago
Customers have shared their outrage after an app used by many businesses to track timesheets and produce invoices hiked bills by as much as 1500%, with one person calling it "daylight robbery". Richard Haldenby, head of UK consultancy firm Salentis
4 days ago
Bitcoin Price Today, August 20: Bitcoin surged to the $70,000 mark on Thursday, recording one of its sharpest gains in recent months as a combination of lower US Treasury yields, a weaker dollar, strong institutional demand and large-scale short liquidations pushed the broader cryptocurrency market
4 days ago
US President Donald Trump has said he will launch tougher economic measures against Iran, as well as any country and that helps or does business with the country. He wrote in all capital letters on Truth Social that he was launching "the most crushing economic operation ever taken against any
4 days ago
The domestic equity markets were trading firmly higher on Thursday, August 20, with buying visible across large-cap, mid-cap and small-cap stocks. The gains strengthened through the session, with the benchmark Sensex rising more than 600 points by 1:20 pm
4 days ago
U.S. President Donald Trump will host cryptocurrency executives at the White House on Wednesday as U.S. financial regulators this week prepare to advance their framework for certain digital assets. Trump, who has earned more than $1.4 billion from his family’s crypto ventures
4 days ago
