New Delhi, July 12: Union Commerce and Industry Minister Piyush Goyal will lead a high-level Indian business delegation on a five-day visit to Spain, Belgium and Finland from July 13 to 17, as India seeks to deepen its economic engagement with Europe through enhanced cooperation in trade, investment, technology, innovation and sustainability, it was announced on Sunday.

The delegation will include leading Indian companies from sectors such as advanced manufacturing, clean energy, digital technologies, gems and jewellery, food processing, healthcare and design. The visit is aimed at expanding business-to-business partnerships and exploring new opportunities for collaboration with European industries, the Ministry of Commerce & Industry said.

The visit will begin in Spain on July 13, where Goyal will participate in a business roundtable jointly organised by the Chamber of Commerce of Spain, CEOE and ICEX Spain Trade & Investment. The discussions are expected to focus on sectors including automotive, renewable energy, railways, artificial intelligence, semiconductors, food processing and tourism.

The meeting will bring together industry leaders from both countries at a time when India and Spain are celebrating the Spain-India Dual Year 2026, marking 70 years of diplomatic relations. Several Spanish companies, including Iberdrola, Acciona, CAF, Talgo, Gestamp and Indra, have already established a strong presence in India, while Indian technology and engineering firms such as TCS, Infosys, Wipro, Tech Mahindra and Larsen & Toubro are expanding their operations in Spain to support digital transformation and Industry 4.0 initiatives.

In Belgium, where the delegation will travel on July 14 and 15, the minister will visit the Port of Antwerp to study Europe’s leading logistics hub and gain insights into multimodal connectivity, green logistics and resilient supply chains.

During the Belgium visit, Goyal will hold CEO-level meetings with senior executives of Thales Group and Silox Group.

The minister will also participate in the India-EU Business Roundtable and the Trade and Technology Council (TTC) Plenary, where discussions will cover foreign direct investment, trade facilitation, sustainable technologies and resilient supply chains.

The final leg of the tour will take the delegation to Finland on July 16 and 17. Goyal will participate in the India-Finland Business Roundtable, engaging with Finnish companies across digitalisation, clean energy, advanced manufacturing and the circular economy.

Mumbai, July 12: Investors will closely track the ongoing Q1 FY27 earnings season, movement in crude oil prices, foreign fund flows and developments in West Asia next week after the Indian stock market ended its four-week winning streak amid heightened geopolitical tensions and volatile global cues.

Benchmark indices closed the week with marginal losses as renewed tensions in West Asia and a spike in crude oil prices dented investor sentiment.

However, a strong recovery in the final two trading sessions, supported by easing global concerns and robust earnings from Tata Consultancy Services (TCS), helped limit the losses.

The Sensex declined 0.25 per cent during the week to settle at 77,569.39, while the Nifty slipped 0.26 per cent to close at 24,206.90.

In contrast, broader markets remained resilient, with both the midcap and smallcap indices gaining more than one per cent.

Market participants are expected to keep a close watch on the June quarter earnings season, which has begun on a positive note following TCS’ better-than-expected financial performance. The upcoming earnings announcements from several major companies will be crucial in determining the market’s near-term direction.

Geopolitical developments in West Asia will also remain in focus. Investor sentiment turned cautious during the week after fresh US strikes on Iran heightened concerns over regional stability and global energy supplies. Any further escalation or signs of de-escalation are likely to influence risk appetite across global markets.

Crude oil prices will continue to be another key monitorable. Oil prices eased towards the end of the week amid expectations that the US and Iran would continue diplomatic engagement despite renewed hostilities and disruptions to shipping through the Strait of Hormuz.

The trajectory of crude prices remains critical for India, a major oil importer, as sustained increases could raise inflationary pressures and impact corporate profitability.

Foreign Institutional Investors (FIIs) remained net buyers through most of the week, investing around Rs 4,670 crore on a net basis.

The continued foreign inflows, aided by softer crude prices and improving global risk sentiment, provided support to domestic equities despite intermittent volatility.

Auckland, July 11: Prime Minister Narendra Modi on Saturday invited New Zealand investors and business houses to partner India in infrastructure development, civil aviation, logistics, clean energy, urban mobility, water management, waste management and digital economy sectors.

Hailing India’s vibrant startup ecosystem, PM Modi called for closer engagement between the private sectors of both countries in the fields of innovation, fintech and emerging technologies.

Addressing a select group of CEOs and business leaders, PM Modi noted that New Zealand’s strengths in dairy science, horticulture, and forestry, and India’s consumer market, food parks and agri-tech talent should come together to create global food value chains.

The Prime Minister encouraged businesses to expand investment and commercial partnerships and help realise the target of doubling bilateral trade to 7 billion New Zealand dollars (approximately Rs 35,000 crore) by 2030.

PM Modi emphasised that India-New Zealand economic partnership could become a model for inclusive and sustainable trade and a platform for innovation and prosperity.

In the presence of New Zealand Prime Minister Christopher Luxon at the event, PM Modi said India and New Zealand are bound by shared democratic values, respect for the rule of law, diversity, and a common commitment to sustainable development, providing a strong foundation for an ambitious and forward-looking economic partnership.

He described the India-New Zealand Free Trade Agreement (FTA) as a landmark deal that would add depth and dynamism to the bilateral economic ties, and open new opportunities for market access, investment, services, technology and talent mobility.

According to an official statement, PM Modi also underscored that India’s sustained high growth coupled with young and skilled workforce, expanding middle class, digital revolution, next-generation infrastructure push, and continuing economic reforms, offer significant opportunities for trade, investment, and innovation for companies in New Zealand.

The Prime Minister noted that political stability and sustained growth path has positioned India as a significant contributor to global growth.