Union Cabinet approves MoU signed between India and EU on Semiconductors
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) signed between India and the European Commission on Working Arrangements on Semiconductors Ecosystems, its supply chain and innovation under the framework of EU-India Trade and Technology Council (TTC).
Steep rally in carbon prices and CBAM compliance in EU could curtail profits of Indian steel makers
New Delhi: In the wake of the European Union’s (EU) latest framework for the imposition of taxes on embedded carbon imports, Indian steel mills are at the risk of lower profits and a loss of market share in Europe, according to ratings agency ICRA.
India and EU affirm commitment to work together on WTO reforms
Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Piyush Goyal and Executive Vice-President of the European Commission responsible for an Economy that Works for People, and the European Commissioner for Trade, Valdis Dombrovskis emphasised on the need for expediting the ongoing India-EU FTA negotiations by finding convergence on all issues.
India – EU Trade and Technology Council to be held in Brussels
New Delhi: The first Ministerial meeting of the India – EU Trade and Technology Council (TTC) will be held in Brussels on May 16.
EU proposes gas price cap at 275 euros/MWh as 'last resort'
Brussels/IBNS: A European gas price cap at 275 euros (283 US dollars) per megawatt hour (MWh) has been proposed Tuesday, Energy Commissioner Kadri Simson announced in Strasbourg, France.
Central banks across the world have a tough role ahead: Deepak Parekh
Kolkata/IBNS: Global growth which was 6.1 percent last year is estimated to fall by half to 3.2 percent in 2022, said HDFC Chairman Deepak Parekh.
India and EU re-launch negotiations for Free Trade Agreement
Brussels: In a joint event held at the Headquarters of the European Union (EU) at Brussels on Friday, Union Minister for Commerce and Industry, Consumer Affairs and Food & Public Distribution and Textiles, Piyush Goyal, and Valdis Dombrovskis, Executive Vice-President of European Commission formally re-launched the India-EU Free Trade Agreement (FTA) negotiations.
While the European Union (EU) continues to be the biggest consumer of Russian fossil fuels amid the Ukraine war, India upped its imports of Russian crude from 1 percent before the conflict began to 18 percent in May, media reported.
FM Nirmala Sitharaman meets EU delegation
New Delhi: Finance Minister Nirmala Sitharaman met a European Union delegation led by Member of the European Parliament (MEP) Bend Lange and discussed issues of mutual interest as well as the Europe-India trade pact.
Hero Cycles delivers first batch of Made-in-India-e-bikes to EU
New Delhi/IBNS: Indian bicycle-maker Hero cycles has successfully delivered its first batch of Made in India e-bikes of around 200 units to Germany in Europe, according to media reports.
EU, India to cooperate on World Cities Project
New Delhi, May 26 (IBNS): Three Indian cities-Mumbai, Navi Mumbai and Chandigarh are being paired with three European cities (Copenhagen-Denmark, Stuttgart-Germany, Lazio Region-Italy) under the new World Cities project, a European Union (EU) initiative which originated in the European Parliament, with the aim of promoting long-term working relations between cities of the EU and non-EU partner countries, including India.