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The India-European Free Trade Association (EFTA) free trade agreement, coming into effect from Wednesday, will make several Swiss products, including wines, chocolates, apparel, and watches, cheaper in the Indian market.The agreement, signed in March 2024 under the Trade and Economic Partnership Agreement (TEPA), also opens greater market access for India’s labour-intensive exports such as tea,…

MUMBAI: Airbus and Air India inaugurated a world-class pilot training centre in Gurugram, Haryana, said the airline in a press statement issued on Tuesday. “This benchmark facility will train more than 5,000 new pilots over the next decade to support the exponential growth of commercial aviation in India,” it said. The 50:50 joint venture facility…

Pfizer has agreed to lower prescription drug costs for Medicaid and invest $70 billion in US manufacturing, President Donald Trump announced on Tuesday, in a move aimed at reducing healthcare costs.As of 1:26 PM (GMT-4), Pfizer shares were actively trading at $25.08, marking a sharp 5.14% gain, signaling strong investor interest and positive developments driving…

US equities edged cautiously on Tuesday as Wall Street approached the end of another strong month, with investors balancing optimism over corporate earnings against economic uncertainty and the potential for a government shutdown.The S&P 500 slipped 0.2% in early trading, while the Dow Jones Industrial Average fell 27 points, or 0.1%. The Nasdaq composite was…

The Centre’s fiscal deficit stood at 38.1 per cent of the full-year Budget Estimates (BE) at the end of August, according to data released by the Controller General of Accounts (CGA) on Tuesday.In absolute terms, the fiscal gap between government expenditure and revenue was Rs 5,98,153 crore for the April-August period of 2025-26, PTI reported….

The government on Tuesday extended fiscal incentives under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for six more months, ensuring benefits for exporters till March 31, 2026. The scheme, which ended on September 30, reimburses taxes, duties, and levies incurred during manufacturing and distribution that are not refunded under other central,…

India’s economy is expected to grow 6.5% in the current financial year, the Asian Development Bank said in its latest report, revising the earlier figure downwards from 7%.ADP had predicted the GDP to reach 7% in April but downgraded it as concerns arose surrounding the sharp 50% tariffs in Indian import to the country.This reduction…

International travellers will now be able to submit their arrival details online as Delhi airport rolls out a new E-Arrival Card system from October 1.This procedure will replace the traditional paper form filling method.The airport operator, Delhi International Airport Ltd (DIAL), said the digital system will speed up immigration, reduce queues, and cut paper usage,…

US President Donald Trump continued his series of tariffs on Monday (local time), with the latest move impacting lumber and home renovation products from October 14.The White House said a 10% global tariff will be applied to softwood lumber imports. At the same time, upholstered furniture will face a 25% global tariff, rising to 30%…