U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. and ​potentially Venezuela, Reuters reported.

The government should focus on strengthening infrastructure at the National Company Law Tribunals (NCLTs) to improve efficiency in insolvency cases under the Insolvency and Bankruptcy Code (IBC) in the upcoming Union Budget, asserted Anoop Rawat, National Practice Head at Shardul Amarchand Mangaldas & Co. "What we need is the strengthening of the infrastructure at the NCLTs. We need more and more benches," Rawat said in an interview with ANI, when asked what one change would make the IBC stronger immediately. The Union Budget for 2026-27 will be tabled in the Parliament on Sunday morning.

The Central government is set to introduce the Insolvency and Bankruptcy Code amendment Bill during the second half of the Budget session starting March 9, news agency PTI quoted Finance Minister Nirmala Sitharaman as saying, the Economic Times of India reported. The parliamentary committee has submitted its report as far as proposed legislation with respect to Insolvency and Bankruptcy Code (IBC) is concerned, she said during an interaction with the media a day after presenting Budget 2026-27 in the Lok Sabha.

The Mumbai bench of the National Company Law Tribunal Thursday approved the INR 9.19-billion resolution plan of the consortium comprising Oberoi Realty Ltd., Shree Naman Developers Pvt. Ltd., and JM Financial Properties and Holdings Ltd. for Hotel Horizon Pvt. Ltd, InformistMedia.com reported.

The Indian government needs to enhance the effectiveness of the insolvency framework, simplify tax structures for bonds, and ensure greater coordination between agencies to boost investor confidence in corporate debt, the Economic Survey for 2025-26 said on Thursday, LiveMint.com reported. The regulators have taken several measures over the years to deepen the corporate bond market, but coordinated and phased reforms are needed to further strengthen it and lower the cost of credit for Indian companies, the survey said.

The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday, the Economic Times of India reported.

India and the European Union struck a long‑delayed deal on Tuesday that will slash tariffs on most goods, aiming to boost two‑way trade and reduce reliance on the United States amid growing global trade tensions, Reuters reported. The deal is expected to double EU exports to India by 2032 by eliminating or reducing tariffs in 96.6% of traded goods by value, and will lead to savings of 4 billion euros ($4.75 billion) in duties for European companies, the EU said.

Canada's Prime Minister Mark Carney will likely visit India the first week of March and sign deals on uranium, energy, minerals ​and artificial intelligence, Dinesh Patnaik, India's High Commissioner to Canada said in an interview, Reuters reported. Carney is making all-out efforts to diversify Canada's alliances beyond the U.S., its top ‌trade partner. In Davos last week, he earned a rare standing ovation for saying the old rules-based order is over and called on middle powers like Canada to build coalitions to shape a fairer, more resilient world.

India plans to slash tariffs on cars imported from the European Union to 40% from as high as 110%, sources said, in the biggest opening yet of the country's vast market as the two sides close in on a free trade pact that could come as early as Tuesday, Reuters reported. Prime Minister Narendra Modi's government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc with an import price of more than 15,000 euros ($17,739), two sources briefed on the talks told Reuters.