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Panel to set stage for bank mergers

New Delhi, June 18 -- The finance ministry may ask a new banking reforms committee to consider proposals to merge 12 state-run lenders into five and raise their foreign investment cap to 49%, three pe... Read More


India-UK trade pact, social security agreement to come into effect from 15 July

New Delhi, June 17 -- India and the UK on Wednesday announced that the Comprehensive Economic and Trade Agreement (CETA) and the accompanying Agreement on Social Security, also known as the Double Con... Read More


Affordable housing push falters as PSU banks meet just a third of FY26 goals

New Delhi, June 17 -- India's public sector banks (PSBs) achieved less than a third of their affordable housing loan targets for lower- and middle-income urban borrowers in the financial year 2026, un... Read More


India, Canada push to conclude trade pact this year, deepen strategic ties

New Delhi, June 16 -- India and Canada on Tuesday agreed to accelerate efforts to conclude negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in 2026, while expanding cooperation a... Read More


US-Iran peace deal seen boosting India-GCC trade, exporters eye logistics relief

New Delhi, June 16 -- India's trade with West Asia is seen gaining momentum in the coming months as the US-Iran peace agreement is set to restore confidence in shipping through the Strait of Hormuz, a... Read More


Exports up 18% in May on engineering, oil demand

NEW DELHI, June 16 -- India's merchandise exports climbed 18% in May, led by outbound shipments of engineering goods, petroleum products and electronics goods. Merchandise exports were estimated at $4... Read More


India-US trade deal talks resume next week

New Delhi, June 15 -- The United States Trade Representative (USTR) could focus on giving "final touches" to the proposed India-US Bilateral Trade Agreement (BTA) during his upcoming India visit, said... Read More


India's merchandise exports jump 18% in May; trade deficit widens to $28.21 billion

New Delhi, June 15 -- India's merchandise exports climbed 18% in May, led by outbound shipments of engineering goods, petroleum products and electronics goods. Merchandise exports were estimated at $... Read More


US-Iran peace deal eases Hormuz shipping, lifts India trade and energy outlook

NEW DELHI, June 15 -- A US-Iran breakthrough easing tensions around the Strait of Hormuz is expected to improve India's trade and energy outlook, with exporters and industry groups expecting lower fre... Read More


Nirmala Sitharaman calls for global action on economic imbalance, urges fair burden-sharing

New Delhi, June 11 -- Finance minister Nirmala Sitharaman on Thursday called for coordinated global action to address economic uncertainty and secure inclusive growth, while stressing that developing ... Read More