Daily brief
The United States and India have reached a trade agreement, with the US lowering its tariffs on certain Indian goods to 18 percent. US President Donald Trump announced the deal, stating it is linked to India's commitment to stop purchasing oil from Russia. The White House confirmed the development, framing the tariff reduction as a reciprocal move for India shifting away from Russian energy.
Air India has grounded a Boeing Dreamliner jet due to a possible defect with a fuel control switch.
India is considering lifting the foreign ownership cap in state-owned banks.
EU auditors warn that the bloc's climate goals are at risk without access to China's critical raw materials.
Argentina's economy minister has defended an Indian firm's contract win in the country.