Business News: Economy & Markets

About 55 pc of India’s US exports could drop to 2.8-3.3 pc tariff rates: Analysts

IANS | February 21, 2026 10:39 AM

New Delhi, Feb 21 (IANS) As US Supreme Court struck down President Donald Trump’s use of emergency powers to impose sweeping “reciprocal” tariffs, analysts said on Saturday that roughly 55 per cent of India’s exports to the US is likely to be subjected to Most Favoured Nation (MFN) tariffs, instead of 18 per cent duties (which have now been lowered to 10 per cent).

Indian stock market posts mild gains this week amid AI-related IT losses

IANS | February 21, 2026 9:51 AM

Mumbai, Feb 21 (IANS) The Indian equity benchmarks posted mild gains on a weekly basis, despite several sessions of sharp declines in the IT index.

AI agents will reshape SaaS business models but not render them obsolete overnight: Industry

IANS | February 21, 2026 9:30 AM

New Delhi, Feb 21 (IANS) Leading industry leaders, during the ‘AI Impact Summit 2026’, examined whether AI agents are fundamentally disrupting the traditional software-as-a-service (SaaS) models, and cautioned against oversimplification.

US trade gap widens; India deficit at $58bn

IANS | February 21, 2026 8:52 AM

Washington, Feb 21 (IANS) The US trade deficit widened sharply in December, capping a year in which America’s goods gap with India reached $58.2 billion.

Tariffs on India to drop to 10 pc temporarily, says White House

IANS | February 21, 2026 2:53 AM

Washington, Feb 21 (IANS) The White House has clarified that India will face a 10 per cent tariff temporarily following US President Donald Trump's announcement of a new global tariff order, replacing the earlier International Emergency Economic Powers Act (IEEPA)-based duties that were struck down by the Supreme Court.

'Nothing changes': Trump says India-US trade deal to remain intact, calls PM Modi a 'great gentleman'

IANS | February 21, 2026 1:31 AM

Washington, Feb 21 (IANS) US President Donald Trump has said that a trade framework with India would remain intact despite a Supreme Court ruling that struck down his use of a particular tariff authority, insisting, "Nothing changes" for the India trade deal and describing Prime Minister Narendra Modi as "a great gentleman, a great man actually".

Exporters jubilant at US tariff verdict; $8 billion of exports may still face duties

IANS | February 20, 2026 10:16 PM

New Delhi, Feb 20 (IANS) With the US Supreme Court striking down reciprocal tariffs imposed by the Donald Trump administration on Friday, Indian exporters were jubilant at the news. However, around $8-9 billion worth of trade is still likely to face higher duties under national security provisions.

business

About 55 pc of India’s US exports could drop to 2.8-3.3 pc tariff rates: Analysts

Indian stock market posts mild gains this week amid AI-related IT losses

AI agents will reshape SaaS business models but not render them obsolete overnight: Industry

US trade gap widens; India deficit at $58bn

Tariffs on India to drop to 10 pc temporarily, says White House

'Nothing changes': Trump says India-US trade deal to remain intact, calls PM Modi a 'great gentleman'

Exporters jubilant at US tariff verdict; $8 billion of exports may still face duties

US court ruling reduces 18 pc reciprocal tariff uncertainty for India

President Lula inaugurates Brazil’s first trade office in Delhi

AI Summit: GNA Energy launches ‘Vidyut AI’ to boost operating framework

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