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multi-polar world will become a reality faster than anyone had ever expected in the wake of the new tariffs announced by the US, Mahindra Group Chairman Anand Mahindra said on Thursday. In a post on social media platform X, Mahindra reposted a report of South Korea, China, and Japan, agreeing to cooperate for talks to improve free trade in the region amid concerns over US President Donald Trump's import tariffs, and wrote «the new tariffs announced by the U.S are a signpost of one major geopolitical development». He further said, «The MultiPolar World will now become a reality faster than anyone had ever expected.» The US on Wednesday announced 27 per cent reciprocal tariffs on India — saying New Delhi imposes high import duties on American goods — as the Trump administration aims to reduce the country's trade deficit and boost manufacturing.

Subscribe to enjoy similar stories. New Delhi: As the US has announced about 27% tariff on imports from India, petroleum products exports to the country are set to witness a major impact going ahead, said sector experts. A bulk of the petroleum exports to the US from India comprises of petrol or gasoline.

New Delhi: As the monsoon recedes, a familiar chill settles over northern India, heralding the festive spirit of winter and a concerning rise in air pollution. This annual tale of festivities intertwined with hazardous air quality has become a public health emergency, not just in Delhi NCR but across numerous Indian cities.

BMW and Mercedes-Benz in India on Thursday called for more free trade based on low tariffs and reduced trade barriers, saying it will be a win-win situation for all. As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, the US on Wednesday announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods. However, autos and auto parts as well as steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced earlier in US President Donald Trump's order on March 26, 2025, are not covered in the latest order. «We always subscribe and we always propose that there should be more free trade agreements with the countries. Absolutely, that's the right way to go, because that way everybody wins, new technologies can come into the country. For example, India can access markets. So that's a win-win situation,» BMW Group India President & CEO Vikram Pawah told PTI.

Donald Trump's reciprocal tariff announcement as autos are not covered in it, besides there are limited exports to the US, industry body SIAM said on Thursday. It is to be noted that automobiles are not covered in this order since they are already subject to Section 232 tariffs at 25 per cent, announced earlier in President Trump's order on March 26, 2025, Society of Indian Automobile Manufacturers (SIAM) Director General, Rajesh Menon said in a statement. «We don't expect any significant impact on the Indian automobile industry since there are limited exports to the US, but we will continue to monitor the situation,» he noted. As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, the US on Wednesday announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods.

EY Chief Policy Advisor D K Srivastava said, «the maximum adverse impact on India's GDP growth will not be higher than 50 basis points. As per our earlier projection, the GDP growth estimate for current fiscal was 6.5 per cent, which may go down to 6 per cent without retaliation». Standard Chartered Bank Head — India, Economics Research, Anubhuti Sahay said an effective 20 per cent tariff increase on Indian exports to the US ( after considering the exempted goods) in our view is likely to adversely impact India's GDP by 35-40 bps, ceteris paribus. «However, the final impact would depend on the trade deal agreement between India and the US along with how each country negotiates/ retaliates on the proposed tariffs,» Sahay said. She said while a loss in India's GDP is inevitable on higher tariff rate imposition, India is likely to be relatively less impacted amongst the Asian economies as other countries have been hit by higher tariff rates than India or run a larger trade surplus with the US especially in the non-exempted sectors. According to EY's Srivastava, the US tariff hikes could have a favourable impact on the country's exchange rate as the dollar could come under pressure in the US with a likely rise in inflation.

Between the conception And the creation Between the emotion And the response Falls the Shadow — The Hollow Men, TS Eliot “I think of my works as meditation, [samadhi],” says Trishla Jain. And it shows. Looking at her canvases, you realise two processes are at work — one, the very essence of the creative process that takes form in her paintings is on display; two, this process is reversed by an active act of immersion for the viewer who now becomes part of the creative process. In other words, we are in the Shadow zone — the breather — between conception and creation, between emotion and its response.

Subscribe to enjoy similar stories. NEW DELHI : A global shake-up in the toy trade is underway, and India may have just been dealt an unexpected advantage. Washington has slapped a 26% reciprocal tariff on Indian goods, citing what it claims is an average 52% tariff on US imports into India.

Subscribe to enjoy similar stories. New Delhi: The reciprocal tariffs imposed by US President Donald Trump will disrupt Indian exports in key sectors like engineering and electronic goods, potentially reshaping supply chains and cutting export revenue as businesses brace for the impact.

Subscribe to enjoy similar stories. NEW DELHI : Bangkok-headquartered Dusit International's founding family wants to make its second India innings India count with a flurry of new hotel signings. India is one of the most important markets for Thailand, the third-generation hotelier Siradej Donavanik, vice-president of development for global hotels, told Mint on Thursday.

Donald Trump exempted pharmaceuticals, one of New Delhi's key export items to the US, from the new reciprocal tariffs rule on Thursday. «Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States,» the White House said in a factsheet. The US market accounts for 30% of overall exports for India’s pharma sector.

As per India Cellular and Electronics Association (ICEA), India has emerged favourably placed in the first round of reciprocal tariff announcements, especially compared to key electronics export competitors like China, Vietnam, Thailand, and Indonesia following the extraordinary and relentless efforts by our negotiators and leaders. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact?

Here is what some governments said about what they would — and would not — do in response. Read More:Trump's 26% tariffs put pressure on India. Is New Delhi ready for the impact? CHINA China's commerce ministry said Beijing «firmly opposes» the reciprocal tariffs and «will take countermeasures to safeguard its own rights and interests,» after Trump imposed a 34% reciprocal tariff on the country. JAPAN

Subscribe to enjoy similar stories. New Delhi: India’s micro, small, and medium enterprises have new definitions that promise to open doors wider for them this financial year as well as improve their chances of securing delayed payments faster.

The Trump administration imposed a 26% tariff on imports from India, which is slightly higher than the 20% levy for the European Union, the 24% for Japan and the 25% for South Korea. China was hit with one the highest rates for a major US trading partner and now faces a tariff of at least 54% on many goods. The tariffs are a setback for the Indian government, which had sought to ward off the new levies by rolling out sweeping concessions on issues central to Trump’s agenda. During a visit to Washington by Prime Minister Narendra Modi in February, the two nations agreed to work toward a trade pact this year. ALSO READ: India to face 'discounted' 26% tariff from US; Trump slaps 34% on China “India, very, very tough. Very, very tough,” Trump said at a news event at the White House on Wednesday to announce the tariffs. “The prime minister just left, and he’s a great friend of mine. But I said, you’re a friend of mine, but you’re not treating us right. They charge us 52%.”

Subscribe to enjoy similar stories. New Delhi: As US President Donald Trump unleashed his global tariff war from the White House, India found itself grappling with a new regime that stopped short of full reciprocity but still posed significant trade barriers. With Trump deciding to charge half of the tariffs a country imposes on American imports, Indian exports to the US face a 26% tariff.

Subscribe to enjoy similar stories. New Delhi: India’s green financing push could gain new momentum this financial year, with the government exploring a plan to increase its ₹25,342.31 crore target for issuing sovereign green bonds, two people said. This suggests a turnaround in the government’s thinking from a few months earlier, when it was considering a plan to fall back on conventional government securities and other debt instruments for green financing as green bonds have delivered only modest returns.

Subscribe to enjoy similar stories. New Delhi: As India braces for a hotter-than-normal summer, the railway ministry is set to increase the availability of rail rakes for coal transportation in FY26. The average number of rakes deployed is expected to rise to 470 daily from last year’s440 rakes, said two people in the know of the matter.

Subscribe to enjoy similar stories. New Delhi: Films released in theatres that then make their way to streaming services are sometimes seeing cuts and modifications, much to the chagrin of the makers who considered these as democratic media allowing free expression.

“We are willing to work with the Indian side to strengthen practical cooperation in trade and other areas, and to import more Indian products that are well-suited to the Chinese market,” the ambassador to India was quoted as saying by China’s state-run Global Times, in a story posted Monday. Bilateral trade between the neighbors stood at $101.7 billion in 2023-24, according to India’s trade ministry, with India running a significant deficit. India’s main exports include petroleum oil, iron ore, marine products and vegetable oil, amounting to $16.6 billion, according to the government figures. The envoy’s remarks were to mark the 75th anniversary of the diplomatic ties. US President Donald Trump, who is set to roll out reciprocal tariffs Wednesday on countries around the world, has called out China and India for trade practices that he sees as unfair.

Subscribe to enjoy similar stories. New Delhi: The US has once again raised objections to India’s trade policies, including key initiatives meant to support local manufacturing, casting a shadow on ongoing negotiations between the two nations for a bilateral trade agreement.