India on Monday announced $175 million as development assistance to Seychelles after Prime Minister Narendra Modi held wide-ranging talks with the island nation's President Patrick Herminie.

The two sides also agreed on a broad vision to expand cooperation in areas of sustainability, trade and economy and security.

Chief Justice of India Surya Kant on Monday observed that "Gunda Raj" is unacceptable and asked a lawyer, who alleged physical assault inside a courtroom at a district court on February 7 here, to approach the Delhi High Court chief justice.

A lawyer mentioned his plea for urgent listing before a bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and N V Anjaria.

Gold advanced above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals.

Spot gold climbed as much as 1.7 per cent in early trading, and was also supported by a landslide election victory for incumbent Japanese Prime Minister Sanae Takaichi. Her victory reinforced expectations for looser fiscal policy and sustained pressure on the yen, which would be supportive for bullion as investors look for a better store of value. Silver also rose.

Union Commerce Minister Piyush Goyal and Agriculture Minister Shivraj Singh Chouhan on Sunday asserted that the government has safeguarded the interests of India’s farmers in the interim trade agreement framework with the US. Opposition parties, however, said they would demand answers on the issue in Parliament on Monday.

Commerce minister Piyush Goyal on Saturday said India and the United States (US) have finalised an interim trade deal framework aimed at boosting bilateral trade to $500 billion annually. Addressing a press conference, he said the framework, concluded late last night, has generated widespread excitement across India, opening new opportunities for farmers, exporters, and industries.

India intends to purchase energy, minerals, technology products and aircraft parts worth $500 billion from the US over the next five years, according to the joint statement issued earlier in the day by the two countries on an interim framework for a bilateral trade deal, which includes additional market access commitments and support for more resilient supply chains.

The interim trade framework agreed between India and the United States has offered cautious relief to India’s auto and auto component exporters, even as several operational details remain unresolved.

The joint statement signals intent to lower trade frictions and improve market access, but industry bodies say clarity on tariffs, especially under the US’s national security provisions, is still awaited before the real impact can be assessed.

The US on Saturday announced it would remove the additional 25 per cent tariffs imposed on Indian goods linked to the purchase of Russian oil, marking a key step in easing trade tensions between the two countries.

According to an executive order issued by the White House, the removal of the extra duties will take effect from 12.01 am Eastern Standard Time on February 7, 2026. From then on, Indian products imported into the US will no longer face the additional tariff imposed under an earlier executive order.

Shares of Indian information technology (IT) companies slid on Friday, capping their worst weekly performance in four months, as concerns resurfaced that rapid advances in artificial intelligence (AI) could disrupt traditional technology services businesses. The Nifty IT index fell 1.5 per cent on Friday and declined 6.4 per cent over the week.

The selloff erased about ₹1.51 trillion in market capitalisation from IT stocks.

The Reserve Bank of India (RBI) on Friday said customers will be compensated up to Rs 25,000 for small-value digital frauds, with the central bank and banks sharing the cost, while customers will bear a small portion of the loss.

“It is also proposed to introduce a framework to compensate customers up to an amount of Rs 25,000 for loss incurred in small-value fraudulent transactions,” said Sanjay Malhotra, Governor, Reserve Bank of India.

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