India and the US had announced a bilateral trade deal on February 2 this year, following months of negotiations between the two sides. Under the deal, US tariffs on Indian goods have been lowered from 50 percent to 18 percent.

Higher oil prices could push inflation beyond 6%, weakening the rupee and eroding GDP growth by 1%. As energy demand spikes loom, is India ready for the oil shock?

In a major incident, pilots of Mumbai to Bengaluru Air India flight on Thursday declared “PAN PAN” over radio due to one of its engine stopped mid-air, officials who are aware of the matter said.