Trade (India)

Vegoil imports down 27% in July on duty hike, rupee fall

Following the recent import duty hike, India has been able to bring down its vegetable oil imports by about 27 per cent in July against the same mont

Business (India)

Govt. lost ₹6,066 crore due to Tangedco coal imports: NGO

NGO Arappor Iyakkam on Tuesday claimed that Tangedco had caused a loss of ₹6,066 crore to the State government due to faulty coal import practices …

India

Why is the Rupee falling and who benefits from it?

Why is the Rupee falling and who benefits from it?<p>The Indian Rupee hit a record low of 70.07 against the US dollar on Tuesday, August 14, 2018. In …

Business (India)

India Trade Gap Biggest in Five Years as Rupee Woes Mount

India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low after a Turkish …

Economy

VEGOILS-Palm oil rebounds on weaker ringgit, short covering

VEGOILS-Palm oil rebounds on weaker ringgit, short covering<p>* Market gains after three earlier losing sessions<p>* Ringgit falls to weakest level since …

Palm Oil

Already Asia’s worst performing currency, the Indian rupee might fall further

The Indian rupee is inching close to the Rs70 mark against the dollar, battered by global economic turmoil.<p>On Aug. 13, it closed the day at Rs69.93, its weakest ever. The 1.56% decline was also the currency’s sharpest single-day fall since September 2013. The Rs70-level against the dollar is seen …

Stock Markets

India Is Considering 50 Percent Iran Oil Cut to Win U.S. Waiver

India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure a waiver from the U.S. to continue …

Oil

Forex reserves will cushion currency dive, say experts

The rupee on Tuesday fell to 70.09 to the dollar for the first time, a psychological mark, but bankers and economists said India had the means — …

India

India's YoY exports up 14% in July; imports rise 29%

New Delhi, Aug 14 (IANS) India's exports during July rose by 14.32 per cent to $25.77 billion from $22.54 billion during the corresponding month of …

Business (India)

Indian rupee falls to all-time low against dollar

The Indian rupee fell to an all-time low Tuesday against the U.S. dollar amid worries that Turkey's growing financial crisis could spread to other …

Business

Agriculture minister urges Moldova to explore farm imports from India

The minister called for strengthening traditional ties between the two countries by promoting closer cooperation in the agriculture sector, an …

Business (India)

Indian rupee hits record low of 70 to the dollar

MUMBAI (AFP) -<p>The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis.<p>The under-pressure rupee touched 70.09 briefly during mid-morning trade as fears grow that the plight of Turkey's lira will …

Economics

India Cutting Iran Imports Is Good News for Crude Oil

India may cut its Iranian crude oil imports by 50% to cooperate with U.S. sanctions and secure a waiver to continue shipments, according to a …

Oil

India’s rupee hits all-time low on current account deficit fears | Financial Times

India’s rupee fell to an all-time low of Rs70 to the dollar on Tuesday as emerging market jitters grew following the Turkish lira’s big falls in …

Economy

Samsung to shift focus on India from China due to declining smartphone sales- Technology News, Firstpost

<b>Samsung</b> has reportedly cut its smartphone production in China to cope up with declining sales in the country and will now shift its focus to its …

Business (India)

The market across the border

In his speech on July 26, after his electoral victory, Pakistan Prime Minister-elect and Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan conveyed a …

Business (India)

Tata Steel Climbs After Quarterly Profit Doubles on Demand Boom

Tata Steel Ltd. shares advanced in Mumbai after the company said first-quarter profit doubled, with results bolstered by rising demand in India and …

Tata Steel

Rupee breaches 70 per US dollar for the first time, government blames ‘external factors’

The currency opened at 69.84 against the US dollar on Tuesday morning and soon fell to 70.07.<p>The Indian rupee hit a record low on Tuesday, touching …

India News

India's tea production down 4% in June

Kolkata, Aug 14 (IANS) India's estimated tea production fell by around 4 per cent to 142.7 million kg in June from 148.4 million kg produced in the …

India

Q1 GDP to grow 7.1%, Re to remain under pressure in FY19: Study

New Delhi, Aug 14 (IANS) India's GDP in the quarter-ended June is likely to record a 7.1 per cent growth on a year-on-year basis, a survey by …

Business (India)

Govt goes easy on safeguard duty on solar module shipments

The government said that the safeguard duty would ensure a market for domestically manufactured products. File Photo: Abhijit Bhatlekar/Mint<p><b>Mumbai:</b> …

Business (India)

Live: Nifty Futures Fluctuate; Tata Steel, Sun Pharma In Focus

14 Aug 2018, 2:41 AM14 Aug 2018, 3:03 AM14 August 2018, 2:41 AM14 August 2018, 3:03 AM<p>Latest First<p>Oldest First<p>BQ Live<p>02:28 AM<p>Brokerage Radar: How To …

Markets (India)

Textiles, agriculture, pharma, IT: Moldova beckons India

New Delhi, Aug 14 (IANS) The East European nation of Moldova is wooing Indian investors in the areas of textiles, agriculture, pharmaceuticals and IT …

Moldova

IT shares extend gains; TCS, Infosys hit new highs

Intellect Design Arena, Persistent Systems, Mindtree, Tech Mahindra, Cyient, KPIT Technologies and L&T Technology Services were up in the range of 2% …

Stock Markets

India defers levy of safeguard duty on solar cells

New Delhi, Aug 14 (IANS) The Indian government will not insist on payment of safeguard duty on import of solar cells for the time being in deference …

India

Can regional trade agreements boost India’s exports?

India’s lack of competitiveness in exports has hindered its ability to leverage opportunities provided by free trade agreements

Economy

India's July gold imports surge as jewellers replenish inventory

© Reuters. India's July gold imports surge as jewellers replenish inventory<p>* Fall in Indian gold price to six-month lows lures buyers<p>* Jewellery …

Economics

Iran keen to invest Rs 300 bn in CPCL expansion: IOC Chairman Sanjiv Singh

National Iranian Oil Co (NIOC), which holds 15.4% stake in CPCL, is keen to participate in the expansion project

India

India Can’t Turn Its Back on Free Trade

India’s state is a mirror of its noisy, messy democracy. It’s often hard to achieve even a modest internal consensus between government departments …

India

Auto Industry in India Raises Concerns Over Proposed Changes in Import Regulations

The move would allow import of maximum of 2,500 completely-built units or semi-knocked-down kits each year.<p>The automobile industry is concerned over …

India News