Amid stabilising ties, MEA flags India’s trade deficit with China in latest annual report

MEA’s latest annual report flags India’s widening trade deficit with China — $75.05 billion against $96.46 billion in bilateral trade — even as it details efforts to stabilise ties post-2020 Ladakh clashes, including high-level exchanges, SR mechanism talks on the boundary question, and confidence-building measures like resumed direct flights. Source: The Print Read More…

India’s Chip Push Gains Momentum as Semiconductor Ecosystem Expands

At SEMICON India 2026, Prime Minister Narendra Modi said India’s expanding semiconductor ecosystem is creating new opportunities across chip design, manufacturing, packaging and electronics. The three-day event brings together more than 600 companies from 52 countries, highlighting growing global industry participation. India Semiconductor Mission 2.0 has an expanded outlay of $13.5 billion, while 12 chip…

BYD, Xiaomi and Innolight executives likely to join Xi Jinping on US visit: sources

Executives from BYD, Xiaomi, Zhongji Innolight, and Bank of China are likely to join Xi Jinping’s upcoming US trip, sources say. The sizeable business delegation would mirror Trump’s CEO entourage during his May Beijing visit, signaling potential investment deals at the summit despite Innolight facing US export-restriction scrutiny. Source: SCMP Read More…

UPI Fee Shock: Festive Shopping Faces Price Hikes as Retailers Cut Discounts

Retailers and apparel makers are warning that prices could rise or festive discounts could shrink after the government introduced a 0.4% Merchant Discount Rate (MDR) on UPI transactions above ₹2,000, effective October 15. Although retailers are prohibited from directly passing the MDR on to consumers as a surcharge, industry executives say higher prices or reduced…