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    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
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    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
    Rupee recovers 18 paise to settle at 96.55 against US dollar
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
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    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
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    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
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    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
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    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
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    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
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    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
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    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
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      Customs & Trade

      Trump says first call with newly minted Canadian prime minister was 'extremely productive'

      March 29, 2025

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      Toronto, Mar 29 (AP) US President Donald Trump said Friday that his first call with new Canadian Prime Minister Mark Carney was “extremely productive” and Carney said Trump respected Canada's sovereignty both in private and public but added that the relationship has changed.

      The call came as Trump has declared a trade war on Canada and has threatened to use economic coercion to make Canada the 51st US state, a position that has infuriated Canadians. Trump avoided any mention of that in his social media post and in public remarks later.

      "We had a very good conversation. Mark called me," Trump said. “We had a very very good talk. He's going through an election. We'll see what happens.” Trump didn't refer to the prime minister as governor as he did with Carney's predecessor Justin Trudeau.

      The US president, in his social media post, said the two sides “agree on many things and will be meeting immediately after Canada's upcoming Election to work on elements of Politics, Business, and all other factors, that will end up being great for both the United States of America and Canada.” But Trump said more tariffs are coming. And Carney said Trump didn't say he would pull back on tariffs on steel and aluminum, autos and other products.

      “It is clear that the United States is no longer a reliable partner. It is probable now that by negotiating we will able to restore an element of trust but we cannot go back," Carney said.

      Carney previously said he would talk to Trump if he respected Canada's sovereignty.

      “The president respected Canada's sovereignty today both in his private and public comments,” Carney said.

      He described the call as positive, cordial and constructive.

      “Exactly what we want,” Carney said.

      Carney said he will begin comprehensive negotiations for a “new economic and security relationship” immediately after the Canadian election on April 28.

      Carney, who replaced Trudeau as Canada's leader and the head of the Liberal Party, is at the start of a five-week campaign.

      “What we need is a new agreement and a new partnership with the United States because there are too many changes, to many tariffs and too many threats coming at us,” Carney said. “There is too much uncertainty in that relationship. We made progress but we will see.” The former central banker was sworn in as Canada's new prime minister on March 14. It's unusual for a U.S. president and Canadian prime minister to go so long without talking after a new leader takes office.

      Trump ramped up his trade war this week by announcing a 25% tariff on automobile imports. Autos are Canada's second largest export.

      Trump previously placed 25% tariffs on Canada's steel and aluminum and is threatening sweeping tariffs on all Canadian products — as well as on all of America's trading partners — on April 2.

      Carney said the significant transformation that Trump is seeking in repatriating manufacturing in the US could lead to inflation and slowing growth. But he said reaching a deal with America's most important trading partner will help Americans and Canadians.

      “We are going to end up with a very good relationship with Canada,” Trump said.

      Canada has previously said it would retaliate with counter tariffs, and Carney reiterated that in his call with Trump.

      US Vice President JD Vance took a harder line with Canada on Friday, noting the country is threatening retaliatory tariffs.

      “As President Trump always says they just don't have the cards,” Vance said in Greenland. “There is no way that Canada can win a trade war with the United States." Vance claimed that for decades Canada has forced American farmers and manufacturers to play by an unfair set of rules.

      Trump renegotiated the free trade agreement with Canada and Mexico in his first term. At the time Trump called it the “most modern, up-to-date, and balanced trade agreement in the history of our country, with the most advanced protections for workers ever developed." Trump and Carney agreed that Dominic LeBlanc, Canada's minister of international trade, and United States Secretary of Commerce, Howard Lutnick, will intensify talks to address the coming tariffs in the interim.

      The governing Liberals had appeared poised for a historic election defeat this year until Trump declared a trade war and challenged Canada's sovereignty. The crisis has created a surge in patriotism among Canadians, with many in the country feeling that Carney is the best person to lead the country at the moment.

      Trump previously acknowledged that he has upended Canadian politics. (AP) NSD NSD

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