West Bengal Chief Minister Mamata Banerjee and UAE State Minister for Foreign Trade Thani bin Ahmed Al Zeyoudi on Friday held discussions to boost trade relations and exports from West Bengal to the United Arab Emirates (UAE). West Bengal CM Banerjee is on a visit to Dubai as she concluded her Spain visit. According to […]
Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more ‘India-first’ models, Nikkei Asia reported. India had already surpassed Japan and become the world’s third-largest car market and now it seems that they are turning the global manufacturers towards […]
Merchandise exports are increasingly facing headwinds from the slowdown in goods demand globally, not only in advanced economies such as the US and euro area but also from emerging markets, most importantly the Asia-Pacific, said Crisil Ratings in a report. Crisil’s report stated that exports are facing a double whammy from a fall in prices […]
Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]
According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]
TVS Motor Company registered a sales growth of 4 per cent increasing from 314,639 units in July 2022 to 325,977 units in July 2023. Total two-wheelers registered a growth of 4 per cent with sales increasing from 299,658 units in July 2022 to 312,307 units in July 2023. Domestic two-wheeler registered growth of 17 per […]
Hon Hai Technology Group (or Foxconn) signed a Letter of Intent to set up a new mobile components manufacturing facility at a cost of Rs 1,600 crore in Kanchipuram district in the presence of Tamil Nadu Chief Minister MK Stalin on Monday. Giving this information, Tamil Nadu Industries Minister TRB Rajaa said in a tweet […]
IMF’s Chief Economist and Director, Pierre-Olivier Gourinchas, has said restrictions imposed by India on exports of certain varieties of rice are likely to exacerbate volatility in food prices in the rest of the world. “And they (the ban on rice exports) can also lead to retaliatory measures. So, they are certainly something that we would […]
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]
Union Minister for Textiles Piyush on Wednesday discussed the roadmap to achieve the target of USD 250 billion in textiles production and USD 100 billion in exports by 2030. While interacting with the officers and staff during the Chintan Shivir organised by the Ministry of Textiles, Goyal emphasised on a holistic approach towards making the […]
