After Cognizant, IBM India fires 300 employees from services divisionTech behemoth IBM India has reportedly fired nearly 300 employees from its services division as it looks to \"re-invent\" its operations and fulfill the changing demand of the customers. The US-based IT major let these employees go as it focuses on emerging technology like Artificial Intelligence and reduces exposure to traditional services. US pharma scandal: Indian firm Glenmark may face a penalty of up to $873 millio...

This extension comes in the backdrop of the US decision to withdraw export incentives being provided to Indian exporters under Generalised System of Preferences (GSP) programme

The government has again extended its deadline to impose retaliatory import duties on 29 US products, including almond, walnut and pulses, till May 16.

In an FTA, two trading partners significantly reduce or eliminate duties on most of the goods traded between them besides relaxing norms and rules to promote trade in services and increase bilateral investments

The US Trade Representatives in its report identified 11 countries, including India, in its 'Priority Watch List'. China, Indonesia, Russia, Saudi Arabia and Venezuela are among others

In the first week of this month, the European Union dragged India into the WTO's dispute settlement mechanism over imposition of import duties on these products, alleging breach of global trade norms