Lulu Group to increase food imports from India to Rs 15,000 Crore in two years
ABU DHABI : Lulu Group, a leading retail conglomerate based in Abu Dhabi, UAE, aims to increase its food imports from India to Rs 15,000 crore in the next two years, up from the
Coal shipments to India jump 10%, but growth could slow : BIMCO
LONDON : “Between January and August 2024, coal shipments to India rose 10% y/y, outpacing an 8% y/y increase in domestic coal mining. Thermal coal shipments were a key driver, supported by strong electricity
Trade ministry proposes anti-dumping duty on Chinese aluminium foil imports
NEW DELHI : The Ministry of Commerce and Industry has recommended imposing an anti-dumping duty on aluminium foil imported from China after surging shipments from the neighbouring country captured nearly a third of India’s
Malaysia launches anti dumping duty probe on coated steel from China, India, Japan, South Korea
KUALA LUMPUR : Malaysia has initiated an anti dumping duty investigation into coated iron or non-alloy steel flat-rolled products from China, India, Japan and South Korea, the Ministry of Investment, Trade and Industry said
Piyush Goyal announces introduction of Diamond Imprest
NEW DELHI : Union minister of Commerce and Industry Shri Piyush Goyal announced restoration of GJEPC, which allows import duty exemption on cut and polished diamonds up to a specified limit. GJEPC has been recommending
India’s crude oil imports from Russia surge 1000%
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks a staggering 1000% increase compared to
India now depends on Russia for 40% of its crude oil imports : BIMCO
LONDON : “During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an
MD & CEO of Kotak Mahindra AMC warns signal to FM Sitharaman about not to let gold become the next oil
NEW DELHI : Kotak Mahindra AMC’s Managing Director and CEO Mr. Nilesh Shah has urged Finance Minister Smt Nirmala Sitharaman to keep a watchful eye on any surge in India’s gold import bill in