The domestic equity benchmarks opened nearly flat but in green on Tuesday as investors remained cautious ahead of the much-anticipated India-European Union Free Trade Agreement (FTA), which is expected to be signed today.
The 27 member states of the European Union formally adopted the regulation on phasing out Russian imports of both pipeline gas and liquefied natural gas (LNG) into the EU on Monday.
India and the European Union together represent almost one-fifth of global trade and around 25 per cent of the global population, highlighting the growing economic and strategic weight of the partnership.
Sefcovic described the prospective pact as the "mother of all deals," noting that negotiators are "checking their final numbers" as the European bloc pushes to reduce India's steep import duties that can reach up to 150 % in some sectors.
India and the European Union are expected to formally announce a long-awaited trade agreement at the India-EU Summit on Tuesday, and this deal is projected to significantly expand bilateral trade and drive strong growth in Indian exports over the next decade, Deloitte India partner Gulzar Di
"India is privileged to host European Council President Antonio Costa and European Commission President Ursula von der Leyen during our Republic Day celebrations. Their presence underscores the growing strength of the India-European Union partnership and our commitment to shared values,"
on der Leyen described being invited as Chief Guest at India's Republic Day celebrations as "the honour of a lifetime", underlining the growing strategic convergence between India and the European Union.
Maros Sefcovic, the European Union Trade Commissioner, said in an interview to Euro News that India and EU are very close towards having a signature as the finalise the much anticipated free trade agreement.
As India celebrates its 77th Republic Day, featuring an extraordinary blend of the 150-year legacy of Vande Mataram, the European Union contingent participated in the celebrations- symbolizing institutional unity and European Union's operational presence in support of international mariti
Consul General Pratik Mathur led the 77th Republic Day celebrations in the commercial capital of China on Monday with great pomp and splendour. The celebrations were attended by over 400 friends of India from the local Indian diaspora, Chinese community and the diplomatic and consular cor
European Commission President Ursula von der Leyen arrived in New Delhi on a state visit ahead of the 77th Republic Day celebrations. India and the EU are set to hold a summit and move closer to a major trade agreement amid evolving global trade challenges.