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US Commerce Secretary Howard Lutnick has intensified his criticism of key trading partners, singling out India and Brazil for what he calls unfair market practices.
In a recent media appearance, Lutnick said these countries must &ldquo;react correctly&rdquo; to the United States by opening their markets and avoiding policies that damage American interests. He argued that the US, with its $30 trillion economy, remains the world&rsquo;s largest consumer base and that &ldquo;eventually the customer is always right.&rdquo;
Lutnick also aimed at India&rsquo;s trade and energy policies, describing New Delhi&rsquo;s approach to tariffs and negotiations as &ldquo;bravado.&rdquo; He predicted that Indian businesses would pressure Prime Minister Narendra Modi&rsquo;s government to return to talks with Washington soon.
In addition, the US official criticised India&rsquo;s continued imports of discounted Russian crude oil following the Ukraine invasion, calling it &ldquo;plain wrong&rdquo; and warning that New Delhi must decide &ldquo;which side it wants to be on.&rdquo;
The remarks underscore growing tensions between Washington and New Delhi over trade barriers, tariffs, and energy choices, issues that could shape future negotiations between the two nations.

Howard Lutnick urges India, Brazil to open markets and stop policies hurting US economy

US Slams India, Brazil on Trade Barriers

Indian equity markets continued their upward momentum for the second consecutive session on Wednesday, driven by strong buying in media and technology stocks. The rally was supported by a drop in crude oil prices and a de-escalation in Middle East tensions following a ceasefire between Iran and Israel.
The BSE Sensex surged 700.4 points to close at 82,755.51 (up 0.85%), while the Nifty 50 rose 200.4 points to finish at 25,244.75 (up 0.8%).
Top gainers included Titan Company, M&amp;M, Infosys, Power Grid, TCS, and Bharti Airtel, with gains up to 3.6%. However, BEL, Kotak Mahindra Bank, and Axis Bank lagged behind, dropping up to 3%.
Broader markets also showed strength:
<ul>
<li dir="ltr" style="font-family: georgia, palatino, serif; font-size: 12pt;" aria-level="1">
Nifty MidCap Index gained 0.44% 
</li>
<li dir="ltr" style="font-family: georgia, palatino, serif; font-size: 12pt;" aria-level="1">
Nifty SmallCap Index jumped 1.5% 
</li>
</ul>
Among sectoral indices, Nifty Media led the charge (+1.99%), followed by Nifty IT (+1.64%) and Nifty Consumer Durables (+1.43%).
According to Vinod Nair of Geojit Financial Services, improved sentiment is tied to easing global tensions and softer oil prices. Domestic factors like a positive monsoon forecast and moderating inflation are also aiding recovery.
Meanwhile, the Indian Rupee remained flat around 86.10, after gaining 0.75 in the previous session. Analysts expect it to trade within a range of 85.70&ndash;86.25, ahead of key US economic data releases.
[Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed.]

Sensex, Nifty Rally for Second Day as Oil Prices Dip

Markets gain as Iran-Israel tensions ease; tech and media stocks lead surge, rupee trades steady

Sardar Vallabhbhai Patel International Airport (SVPIA) in Ahmedabad recorded an unprecedented footfall of 1.34 crore passengers during the financial year 2024&ndash;25, reflecting a 14.8% increase over the 1.16 crore travellers reported in the previous year, according to a statement issued on Tuesday by Ahmedabad International Airport Limited (AIAL).
The airport operator noted that this upward trend highlights Ahmedabad&rsquo;s growing significance as both a travel destination and a key transit point in the region. Passenger data showed a strong domestic performance, with over 11 million travellers flying within India, alongside more than 2.2 million international passengers connecting through Ahmedabad to various global locations.
The airport, managed by AIAL and owned by the Adani Group, is on a path of sustained development, with ongoing investments in infrastructure and technology aimed at reinforcing Ahmedabad&rsquo;s status as an emerging aviation hub.&nbsp;
The financial year also witnessed several prominent international events hosted in the city, contributing to increased traffic during peak times.
The single busiest day in the airport&rsquo;s history occurred on January 25, 2025, when it handled 48,137 passengers and managed 351 aircraft movements, surpassing the previous high of 42,224 passengers and 328 movements recorded on November 20, 2023.
On a daily basis, the airport now serves more than 36,800 passengers and operates an average of 288 flights, including charter services. It maintains connectivity with over 48 domestic and 16 international destinations.
Aircraft traffic also witnessed notable growth over the year, with a 16.2% increase in air traffic movements. The airport recorded 101,119 aircraft operations during 2024&ndash;25, up from 87,025 in 2023&ndash;24.
&ldquo;This enhanced operational capacity is a direct result of strategic infrastructure investments. The addition of five new parking stands and implementation of a Multiple Aircraft Ramp System (MARS) at the existing aerobridges has optimised the use of available space,&rdquo; AIAL stated.
Throughout the year, several new routes were added to the airport&rsquo;s network. Domestic destinations now include Guwahati, Thiruvananthapuram, Nanded, Kolhapur, Dimapur, and Kishangarh. On the international front, new services to Don Mueang (Bangkok), Kuala Lumpur, and Da Nang were introduced, enhancing the city&rsquo;s global reach.
The airport also reported increased flight frequencies to major locations such as Delhi, Jeddah, Don Mueang, Kuwait, Kolkata, Kochi, and Abu Dhabi, indicating strong passenger demand and the airport&rsquo;s efforts to cater to growing traffic volumes.
To improve accessibility for travellers from nearby cities, a direct bus service connecting the airport to Vadodara has been launched, operated by the Gujarat State Road Transport Corporation (GSRTC).
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Ahmedabad Airport reports record growth in FY 2024–25, handling 1.34 crore passengers and 101,119 flights

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US Slams India, Brazil on Trade Barriers

Sensex, Nifty Rally for Second Day as Oil Prices Dip

Ahmedabad Airport Logs 1.34 Cr Flyers in FY 2024–25

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