Russian firms buy $4 billion worth of India-made arms, pay in Indian Rupee
MOSCOW/NEW DELHI : Exporters in Russia, who started trading with India using Indian rupees, have recently spent nearly $4 billion to buy India-made defence equipment and armaments, among other imports and Indian securities. This
China largest trading partner of India in FY24 with $118.4 bn; US second with $118.3 bn
NEW DELHI : China has emerged as the largest trading partner of India with $118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank GTRI. The
US probably impose 100% tariffs on EV imports from China
WASHINGTON D.C. : The United States is all set to impose a 100% tariff on Electric Vehicles(EV) imported from China, according to a report from the Financial Times. The fresh measures, if taken, will
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s
Commerce Ministry is looking for a plan to diversify its export destinations
NEW DELHI : The Ministry of Commerce is working on a plan to diversify its export destinations, and ship goods such as electronics goods, drugs, engineering goods, and food products to new markets, as
Merchandise exports of India to grow by 12.3% in June quarter : Exim Bank
NEW DELHI : The Export-Import Bank of India has predicted that India’s total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing
India’s Technical Textiles market has huge potential backed by a significant growth rate of 10%: Textiles Secretary
NEW DELHI : The Ministry of Textiles in partnership with Confederation of Indian Industry (CII) and Ahmedabad Textiles Industries’ Research Associations (ATIRA) organized a National Symposium on Advancements in Composites, Speciality Fibres and Chemicals
Analyst warns of congestions at Asian ports hit by Red Sea logjam
SHANGHAI : The Red Sea crisis is challenging Asian ports as congestion with “echoes of the pandemic” is seen in Asia and the Middle East with analysts warning logjam could also spread to European