The U.S. and India announced a framework for an interim trade deal in a joint statement Friday, an agreement the two nations said reaffirms their commitment to broader bilateral trade negotiations. President Trump announced earlier in the week that Indian Prime Minister Narendra Modi had pledged to stop buying Russian oil in exchange for

The U.S. and India on Friday released a framework for an interim trade agreement they said affirms their commitment to negotiations toward a broader deal.

India and the United States released a framework for an interim trade agreement to lower tariffs on Indian goods, which Indian opposition accused of favoring Washington.

India will open its market to imports of most US industrial goods and some food products. Indian exports to the US will face an 18 per cent “reciprocal” tariff, according to a joint statement published by New Delhi early on Saturday that sets out more details of the agreement.

American crude — primarily of the light, sweet variety — is not the best fit for many Indian refineries that prefer heavy, sour grades. Venezuelan crude might be more suitable, but with production of just 800,000 barrels a day, there’s a lack of supply.

Feb 6 (Reuters) - India is set to overhaul how banks pay for deposit insurance, by linking premiums to a lender's risk profile instead of a decades-old flat fee, under a new RBI framework that aims to incentivise better risk management by rewarding stronger banks with lower premiums.

Multiple reports, both Indian and foreign, had suggested that Pakistan was engaging with ICC hoping to resolve the issue. However, PCB now claims that those reports are false.

TUESDAY, Feb. 3, 2026 (HealthDay News) — The World Health Organization (WHO) says there is a low risk that the deadly Nipah virus will spread beyond India, where two people tested positive. In an email sent to the Reuters news agency, the WHO said it does not recommend travel or trade restrictions in the wake of the infections.