West Palm Beach (US): Canadian Prime Minister Justin Trudeau said Saturday he had an “excellent conversation” with Donald Trump at his Mar-a-Lago club after the president-elect’s threat to impose significant tariffs on two of America’s leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada from … Read more
Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export duty on parboiled rice | Photo Credit: K.K. Mustafah The Union Government has scrapped the export tax on parboiled rice, it said in an official order on Tuesday (October 22, 2024), as inventories across India — the … Read more
India has allowed Nepal to export an additional 251 MW of electricity to the country. Photo for representational purpose | Photo Credit: S.R. Raghunathan India has allowed Nepal to export an additional 251 MW of electricity to the country, marking the first time the Himalayan nation will supply power to Bihar under a medium-term sales … Read more
Mumbai: Shares of sugar companies were among the top gainers on Thursday on expectations that prices would firm up on supply shortages in key states like Maharashtra and Karnataka. Out of the 35 sugar stocks on the BSE, 30 rallied in Thursday’s trade. Avadh Sugar soared 13.20%, Magadh Sugar jumped 12.8% and DCM Shriram rose … Read more
Union Home Minister and Minister of Cooperation Amit Shah addresses during the National Symposium on Cooperative Exports organised by National Cooperative Exports Limited (NCEL), in New Delhi on October 23, 2023. | Photo Credit: PTI Cooperation Minister Amit Mr. Shah on October 23 said the newly established National Cooperative for Exports Ltd. (NCEL) has bagged … Read more
China‘s exports tumbled 12.4 per cent in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation. Customs data released Thursday showed imports slid 6.8 per cent. Trade weakness adds to downward pressure on the world’s second-largest economy. Global consumer demand has weakened after the Federal Reserve and … Read more
“Well, if there is no asana, we can always create one. And I think the best asana in the market is, stay invested for a long term growth story,” says Nilesh Shah, MD, Kotak AMC. So which is one yoga asana which represents the market ki chaal?So in some sense for investors, it is the … Read more
“I guess the single most important variable for emerging markets, even probably bigger than Fed is the dollar trajectory and DXY has come down from 114 to 100 now and it has gone back to 103 odd. So the fact that dollar has weakened, bottom up we have a service export story going,” says Manish … Read more
The country’s merchandise exports are likely to cross USD 500 billion this fiscal due to healthy demand for domestic goods in key global markets, including the US, and benefits from trade pacts, according to exporters. They said that other destinations like Russia would give a huge boost to the country’s outbound shipments, particularly in the … Read more
Asian stocks struggled to come off two-month lows on Wednesday and the safe-haven dollar was firm as concerns about rising interest rates and slowing global growth kept the mood downbeat, while markets waited on economic data to chart the course ahead. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its lowest since early January … Read more