Centre cuts windfall tax on domestic crude sales, diesel exports
NEW DELHI : The union finance ministry on Thursday lowered the windfall tax on the sale of domestic crude oil to ₹6,300 a tonne, according to an official notification.
New tax refund scheme for exports faces US, EU action
NEW DELHI : At least two Indian products are facing anti-subsidy action in the form of countervailing duty (CVD) in the US and EU due to their use
India signs deals to export 500,000 tons of new season Basmati Rice
NEW DELHI : India has signed contracts to export about 500,000 metric tons of new season basmati rice to cash in on robust demand from top buyers in Europe and the Middle East, traders said
Box lines announce new efforts to hike rates on India-US Trades
MUMBAI : Container lines serving the India-US trade seem to have realised that pushing through hefty general rate increases (GRIs) or peak season surcharges (PSSs) is a hard game,
Plan to construct $28-mn warehouse in UAE raises prospects of Indian rice & polymer exporters
SINGAPORE : Companies exporting rice, white goods and polymer from India to the Persian Gulf have got a leg up from a proposal to construct a warehouse in
Greek owner to sell all container ships, spend $3B on LNG tankers
PIRAEUS : There have been a number of “big picture” questions about shipping stocks through the years: Should companies be “pure plays” or diversify across multiple segments? Which
GAIL does world’s first ship-to-ship LNG transfer; cuts CO2 emissions
NEW DELHI : India’s top gas firm GAIL has done the world’s first ship-to-ship liquefied natural gas (LNG) transfer to save on shipping costs and cut emissions as the state-owned entity looks
FICCI survey indicates accelerated Indian economic growth in Q2 driven by higher demand
NEW DELHI : The latest quarterly survey from FICCI reveals a strong growth momentum in India’s manufacturing sector during the second quarter of the fiscal year 2023-24. Despite
One time exemption from ‘Prohibition’ is granted to Patanjali Ayurved Limited for export of 20 M
NEW DELHI : The DGFT issued Notification No. 43 /2023 dated November 11, 2023 regarding the one time exemption from ‘Prohibition’ is granted to Patanjali Ayurved Limited for export of
Soaring fees at Panama Canal have LNG Shippers taking long route
NEW YORK : Liquefied Natural Gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles further to bypass the Panama Canal as transporters