INDIA
India-Oman free trade agreement to be signed soon: Govt official
The Indian government is exploring markets in West Asia and Europe for its labour-intensive products to cushion the impact of the steep tariffs imposed by the US.
BUSINESS
EAM Jaishankar sought cooperation on trans-border rivers during Beijing visit amid China’s planned Brahmaputra hydel plant
The Ministry of External Affairs said as a lower riparian state with considerable established user rights to the waters of trans-border rivers, India has consistently conveyed its concerns to China. including on the need for transparency.
BUSINESS
Trump tariffs: Trade talks on, US delegation expected on August 25, say officials
A US embassy spokesperson said on August 5 said they are looking forward to the talks for a productive and balanced trade relationship
BUSINESS
India achieves lowest ever price for green ammonia in maiden tender
The discovered price Rs 55.75 per kg translates to approximately $641 per MT, a substantial drop from the previously discovered price of Rs 100.28 per kg ($1,153 per MT) in the H2Global auction in 2024.
BUSINESS
Private entities not allowed in offshore mining of uranium and thorium, Centre clarifies
The new rules talk about mining beach sand minerals, primarily composed of monazite, ilmenite, rutile, zircon, garnet and sillimanite. Monazite is a valuable resource due to its high concentration of thorium and traces of uranium.
BUSINESS
Tata Power to recalibrate public EV charging ramp up over sluggish e-cars growth
Tata Power’s move can be an indicator of an overall decline in the pace of installation of public EV charging units in India. Last month, Karnataka government had to scrap its ambitious plan of to set up 2,500 EV charging stations across the state citing poor response from private companies.
BUSINESS
India’s power demand could see an uptick from August-end: Tata Power CEO
Praveer Sinha, CEO of Tata Power, also said the company plans to double its rooftop solar business from the current 25,000 installations per month to 50,000 by the end of FY26.
BUSINESS
India’s power transmission supply chain witnessing annual inflation of up to 20%: PowerGrid CMD
As a result, at least 50% cost of every transmission project is going on component procurement, said RK Tyagi, CMD of PowerGrid, a PSU with an effective executable order book of Rs 1.9 lakh crore.
BUSINESS
MC Newsbreak Confirmed: Govt bars data sharing for wind turbines; mandates using domestic components
Currently, wind turbine components such as blades, towers, gearboxes and generators are mostly imported from China.
BUSINESS
Trump tariffs: India’s $10-billion textile, apparel exports staring at margin hit as competition hardens
The US is the largest market for India's textile and apparel industry. India, which is the fourth biggest ready-made garment importer to the US, faces stiff competition from China, Vietnam and Bangladesh
BUSINESS
Trump announces 25% tariffs: India's $10 billion gems and jewellery exports to US set for sharp decline
Gems and jewellery are India's third-largest export to the United States, after engineering and electronic goods, and the industry employs millions in the South Asian country.
BUSINESS
India-UK trade deal opens doors for export of Indian nuclear reactors
The zero duty on Indian nuclear reactors will make BSRs or Bharat Small Reactors at least 50% cheaper than the ones sold by South Korea, considered the cheapest globally after Russia. India will also have a major price advantage over expensive reactors sold by western countries like the US and France.
BUSINESS
Market coupling possible only by Dec 2027, says JM Financial
Theoretically, it can be deduced that the market share of Indian Energy Exchange (IEX) will decline to 33.33% in due course of time with the implementation of market coupling, JM Financial said in a press note issued on July 30
BUSINESS
NTPC, NHPC, SJVN ordered to mandate India-made solar cells in renewable power bids
Centre is hopeful that the mandate will boost demand for Indian solar cells and hence, reduce the wide gap between solar module and cells manufacturing capacities. Tata Power, Adani Green Energy and Waaree Energies are the leading solar cell producers in India.
BUSINESS
Environment Ministry cites pending approvals, lack of candidates, refusal to join for over 50% vacancy at pollution control boards
The Union government said it has sent reminder letters to all states about the Supreme Court's May 8, 2025 directive of filling all vacant positions in State Pollution Control Boards and Committees by end of September, 2025.
BUSINESS
Next round of India-US trade deal talks to be held in New Delhi in second half of August: Govt officials
CIM Goyal said the India-UK CETA is a gold standard of trade deals done by India, however, he added that no two trade deals can be the same, implying that the India-US deal is "fast progressing" but may take some more time.
BUSINESS
HPX, PXIL say market coupling a vital step towards ‘One Nation, One Grid, One Price’ vision
The ‘One Nation, One Grid, One Price’ framework is aimed at creating a unified and efficient electricity system, which includes a uniform pricing mechanism
BUSINESS
India-UK Vision 2035: A 'Critical Minerals Guild', collaboration on nuclear power, carbon capture and climate finance
The India-UK Vision 2035 prepares the two countries for a 'BRISK' partnership based on Business, Research, Innovation, Science & technology, and Knowledge, the Indian government said in a statement.
BUSINESS
India-UK trade deal to boost Indian cleantech exports amid renewable energy slump in US
The UK will also support India on green hydrogen, civil nuclear energy, and offshore wind apart from helping it finance climate action.
BUSINESS
India's marine export, processed food among top gainers in UK trade deal as tariff drops to zero
With tariffs now being slashed to zero, Indian marine products will get access to UK's $5.4 billion marine market, competing with nations such as Ecuador and Vietnam, which already enjoy zero import duty from the UK.
BUSINESS
UK PM Keir Starmer calls India FTA the biggest trade deal since leaving the EU
The two Prime Ministers also launched 'Vision 2035' to form partnerships in defence, education, technology and people to people relations.
BUSINESS
Central electricity regulator's nod to market coupling could lower power prices in spot market
Implentation of market coupling would mean there will be only one price for electricity traded through the exchanges at any point of time.
BUSINESS
Critical minerals: India has agreements with 8 countries, talks on with 2 more
India is looking for bilateral arrangements with mineral-rich countries as China curbs on rare- earth magnets worry the industry
BUSINESS
RIL, Adani, Tata, others look to partner NPCIL in nuclear energy push to lower emissions
The government has called bids for setting up Bharat Small Reactors to decarbonise high-emission industries such as steel and aluminium. It expects at least Rs 35,000 crore in investments from the private sector
