Market Updates Today: A day after the market crash following the Budget's provision to hike Securities Transaction Tax (STT), the domestic equity market on Monday reclaimed much of its lost territory. After opening nearly flat, the NSE Nifty rose to the day's high
Airtel Free Subscription: The service was introduced as a special, short-term benefit to enhance Airtel's prepaid plans and give users a taste of premium AI capabilities. Airtel Free Subscription: Bharti Airtel has quietly pulled the plug on one of its most popular digital perks
When it comes to women's empowerment, everyday stories often leave the strongest impact. Recently, a Hyderabad-based man shared an inspiring story after meeting a single mother working as an Uber driver in the city. Suresh Kochattil, who works as a journalist, shared his experience on Facebook
Zoom Security Issues: The US-based video conferencing app Zoom has classified this flaw as “Critical”, giving it a CVSS score of 9.9 out of 10, which makes it one of the most dangerous software vulnerabilities. Zoom Security Issues: If you often use Zoom for work meetings
In a significant hardening of its diplomatic and strategic posture, India has categorically rejected the authority of the Permanent Court of Arbitration (PCA) in The Hague regarding the long-standing Indus Waters Treaty (IWT) dispute. As hearings continue in the Netherlands
Digital labour platforms – like fast food delivery and cab hailing services – are having a dramatic impact on people's labour rights and working conditions around the world. In western countries like the UK and the US, their rise has intensified a process of labour casualisation already
Oppo K14x India Launch: The upcoming model will succeed the Oppo K13x 5G, which was launched in June last year at a starting price of Rs. 11,999 for the 4GB RAM and 128GB storage variant. Oppo K14x India Launch: Chinese smartphone brand Oppo has announced that the Oppo K14x will officially launch
England wicketkeeper-batter Jos Buttler etched his name deeper into the record books on Sunday, reaching a major milestone during England's second T20I against Sri Lanka in the ongoing three-match series. England wicketkeeper-batter Jos Buttler etched his name deeper into the record books on Sunday
Trump says India, US have agreed to trade deal, cuts reciprocal tariffs to 18%
United States President Donald Trump on Monday said that India and the US had agreed to a trade deal and that he was cutting the so-called reciprocal tariffs imposed on New Delhi to 18% from 25% with immediate effect.
The announcement came after Trump and Prime Minister Narendra Modi spoke on Monday.
The decision to cut the tariffs and the agreement on the trade deal was “out of friendship and respect for Prime Minister Modi” and “as per his request”, Trump said on social media.
Modi said on social media that he is “delighted that Made in India products will now have a reduced tariff of 18%”.
“When two large economies and the world's largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation,” Modi said, adding that Trump's “leadership is vital for global peace, stability and prosperity”.
Modi said that India “fully supports his efforts for peace”.
Indian goods had been facing a combined US tariff rate of 50%, including a punitive levy of 25% imposed in August for buying Russian oil.
The punitive tariffs were introduced as part of Trump's pressure campaign against countries purchasing discounted oil from Russia amid Moscow's war on Ukraine. The US has claimed that India stopped buying Russian oil after the punitive tariffs were imposed.
However, India had said that the US tariffs are unjustified and has maintained that its oil purchases are guided by the country's energy security needs.
On Monday, Trump said that India will “move forward to reduce” its tariffs and non-tariff barriers against the US to zero.
“The prime minister also committed to ‘buy American', at a much higher level, in addition to over $500 billion dollars of US energy, technology, agricultural, coal and many other products,” Trump said. “Our amazing relationship with India will be even stronger going forward.”
Trump added that he and Modi had spoken about several matters, including trade and ending Russia's war on Ukraine.
He said that Modi had agreed to “stop buying Russian oil, and to buy much more from the United States and, potentially, Venezuela”.
“This will help end the war in Ukraine, which is taking place right now, with thousands of people dying each and every week!” Trump said on social media.
Two days earlier, Trump had told reporters that India will buy oil from Venezuela instead of Iran. This was after the US reportedly told India that it could soon resume purchasing Venezuelan oil to help replace oil imports from Russia.
Source: Scroll
Related Posts: Donald Trump Shares India Gate's Picture With A Message Harbhajan’s open challenge to Mohsin Naqvi amid India-Pakistan match controversy India-US trade deal to lift prices Jagadeesan slams century as India A beat USA in T20 World Cup warm-up India-US Trade Deal Explained US and India reach trade deal NBPA says arbitrator rules Terry Rozier should receive $26 Oppo K14x India launch date confirmed India Draws Sovereignty Line On Indus Waters Case Zoom Hacking Alert in India
Finance Minister Nirmala Sitharaman has dismissed the DMK's allegations that the Bharatiya Janata Party is pressuring actor-turned-politician Vijay to join the NDA, asserting that the ruling party's anxiety itself shows how politically consequential he has become in Tamil Nadu
Just now
Banerjee contended that ongoing SIR will lead to disenfranchisement of lakhs of voters and disrupt the level playing field for parties in elections. She urged the court to direct that polls be held on the basis of rolls prepared last year. New Delhi: Mamata Banerjee has petitioned Supreme Court
Just now
MIAMI (AP) — An arbitrator has decided Miami Heat guard Terry Rozier should be receiving his $26.6 million salary for this season despite being on administrative leave while facing federal gambling-related charges, the National Basketball Players Association said Monday
Just now
Delhi weather today: Delhi residents woke up to low visibility as dense fog enveloped the city on Tuesday morning. The India Meteorological Department (IMD) issued an orange and red alert for parts of Delhi. IMD in its nowcast warning valid till 9:33 AM stated: “Very Dense Fog very likely
Just now
Twenty years after the original, The Devil Wears Prada 2 reunites Meryl Streep, Anne Hathaway, and Emily Blunt for a high-stakes fashion world comeback. Washington: Twenty years after 'The Devil Wears Prada' became a cultural touchstone, 20th Century Studios has released the first full trailer for
Just now
The tax holiday announced for data centres in the budget is expected to increase demand for large industrial land parcels, accelerate data centre leasing and campus development, and draw long-term foreign capital into India's industrial and commercial real estate markets
Just now
The developer of Notepad++ has reportedly noted that its software update mechanism was covertly hijacked for several months last year, with evidence suggesting the operation was carried out by a Chinese state sponsored threat group. According to Bleepingcomputer
Just now
The UK on Monday sanctioned 10 individuals, including Iran's interior minister and police chiefs, for their roles in "recent brutality against protesters", the British foreign ministry said. "The Iranian people have shown extreme courage in the face of brutality and repression over recent weeks
Just now
US President Donald Trump on Tuesday told reporters he had “nothing to do with" the late financier Jeffrey Epstein and claimed that newly released Justice Department files showed a conspiracy aimed at damaging him politically and costing him elections
Just now
US President Donald Trump announced that he agreed to a trade deal with India's Prime Minister Narendra Modi, where the US will lower tariffs on goods from India to 18% from 25%. In a post on Truth Social, Trump said India will reduce trade barriers to zero and will also stop buying Russian oil
Just now
China has banned hidden door handles on electric vehicles (EVs), becoming the first country to outlaw the controversial designs that were first popularised by multi-billionaire Elon Musk's Tesla. It comes as EVs are facing scrutiny from safety watchdogs around the world after a spate of deadly
Just now
LOS ANGELES (AP) — Coach Sean McVay and general manager Les Snead agreed to multiyear contract extensions to stay with the Los Angeles Rams on Monday, extending their successful nine-year partnership. And with his long-term future assured
Just now
Brussels would be "open‑minded" about discussing closer trade ties with the UK, including the possibility of working together on a customs union, the European Commissioner for finance has told the BBC. Valdis Dombrovskis said the bloc was "ready to engage" if the UK wanted to explore the move
Just now
The announcement by US President Donald Trump to cut its reciprocal tariff on Indian goods to 18% marks a meaningful shift in India's export competitiveness. For several Indian export categories, the India-US trade deal is expected to provide a major relief
Just now
Sometimes, even successful careers need a pause button. For R Madhavan, that pause lasted four years and it changed everything. The actor has now spoken openly about why he stepped away from films at the peak of his popularity, admitting that he no longer recognised himself in the work he was doing
Just now
On the morning of January 21, a group of around 70 people stood in front of the Tanot Mata temple in Rajasthan's Jaisalmer district, roughly 30 km away from the India-Pakistan border. After praying at the temple, the group began to beat drums and set off on a long march along the roads of the Thar
Just now
Ranveer Singh's Dhurandhar topped Netflix Pakistan after its OTT release, despite the film being banned theatrically. Ranveer Singh's Dhurandhar's theatrical release was banned in Pakistan. While the movie did amazing numbers at the box office
Just now
Chief Minister Mamata Banerjee of West Bengal walked out of a crucial meeting with the Chief Election Commissioner, citing feelings of disrespect and humiliation. She called for an immediate cessation of the ongoing special intensive revision process of electoral rolls
Just now
United States President Donald Trump on Monday said that India and the US had agreed to a trade deal and that he was cutting the so-called reciprocal tariffs imposed on New Delhi to 18% from 25% with immediate effect. The announcement came after Trump and Prime Minister Narendra Modi spoke on
Just now
A Lok Bhavan official in Itanagar said on Monday that towering at 22,831 feet above sea level, Mount Aconcagua is the highest peak in the Western Hemisphere and a formidable challenge even for seasoned mountaineers. This remarkable achievement marks yet another milestone in Yano's extraordinary
Just now
ISRO plans another PSLV rocket launch in June. This follows two recent mission failures. Minister Jitendra Singh stated sabotage is not suspected. He assured that reasons for the failures were different. ISRO has set up committees to analyze the issues
Just now
During the visit, Jaishankar will also meet senior members of the US administration. Details of those meetings were not disclosed yet. External Affairs Minister S Jaishankar arrived in New York on Monday for a three-day official visit to the United States focused on cooperation in critical minerals
Just now
Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up. The fundraising announced Monday values Waymo at $126 billion
Just now
According to the police, they first considered giving Prachi up for adoption, but dropped the plan since it would not have solved the problem, she would still have been officially recorded as his child in the birth certificate. A 28-year-old man from Maharashtra allegedly murdered one of his three
Just now
Step into any metro station and you expect order. There are yellow lines, recorded announcements and clear instructions. But one viral video from Chennai proves that civic sense often disappears the moment the train doors slide open. What should be a simple act of letting passengers exit first
Just now
ET was the first to report that Jaishankar would be visiting the US in February. During the visit, the external affairs minister will also hold meetings with senior members of the US administration, according to the statement. NEW DELHI: External affairs minister S Jaishankar is visiting the United
Just now
Defence Minister highlighted the deal as a major milestone in India-US relations, promoting stronger links and strategic collaboration. He also congratulated Prime Minister Narendra Modi and US President Donald Trump on the agreement. Defence Minister Rajnath Singh on Tuesday lauded the India-US
Just now
