exports

BRICS+ group’s share in global goods exports can overtake G7 by 2026: EY India

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BRICS+ group’s share in global goods exports can overtake G7 by 2026: EY India

Officials, including Ethiopian Prime Minister Abiy Ahmed, Egyptian President Abdel Fattah al-Sisi, South African President Cyril Ramaphosa, Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Iranian President Masoud Pezeshkian and Brazilian Foreign Minister Mauro Vieira, attend the BRICS … Read more

India scraps export tax on parboiled rice to boost exports

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India scraps export tax on parboiled rice to boost exports

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 major gainer of China+1, exports to soar to $835 billion by 2030: Nomura

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India major gainer of China+1, exports to soar to 5 billion by 2030: Nomura

New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more

Tata Chemicals’ US & Europe exports to experience margin compression next year: R Mukundan

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Tata Chemicals’ US & Europe exports to experience margin compression next year: R Mukundan

R Mukundan, MD & CEO, Tata Chemicals, says “the main issue which we will face going forward next year is going to be in terms of exports where compared to the pricing which we got in the export markets, we would see at least a $100 reduction. This is mainly out of exports coming out … Read more

Exports have grown manifold, says Minister Ashwini Vaishnaw

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Exports have grown manifold, says Minister Ashwini Vaishnaw

South Western Railway CPRO Aneesh Hegde is watching the press conference of Minister of Railways, Electronics and IT and Communications Ashwini Vaishnaw held via video link in Hubballi on Thursday. | Photo Credit: KIRAN BAKALE Minister of Railways, Electronics and IT and Communications Ashwini Vaishnaw has said that the country’s exports have reached $762 billion … Read more

Cooperative export body NCEL gets ₹7,000 crore orders so far, to share profit with member farmers: Amit Shah

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Cooperative export body NCEL gets ₹7,000 crore orders so far, to share profit with member farmers: Amit Shah

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

Govt eases status holder certification process for exports

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Govt eases status holder certification process for exports

In a move to reduce transaction costs and improve ease of doing business, the government on Monday automated the system of giving credibility to the Indian exporters in the international markets. Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade … Read more

In H2, Bajaj Auto domestic biz showing signs of incremental growth; big opportunity seen in ASEAN: Rakesh Sharma

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In H2, Bajaj Auto domestic biz showing signs of incremental growth; big opportunity seen in ASEAN: Rakesh Sharma

Rakesh Sharma, Executive Director, Bajaj Auto, says “the export opportunity is just unfolding. We are far from seeing it getting exhausted. The scope for two-wheelers in parts of Latin America and Africa is enormous. But participating in international business is not for the faint hearted. It is not for the trader. This is for the … Read more

Rise in local bond yields pushes up forward premia

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Rise in local bond yields pushes up forward premia

Mumbai: Dollar-rupee forward premium rates, which represent the interest rate differential between the US and India, have jumped over the past week due to hardening domestic bond yields and the Reserve Bank of India’s (RBI) efforts to manage the impact of hefty foreign inflows on liquidity and the local monetary unit that already faces stiff … Read more

4 sectors Chakri Lokapriya is bullish on in near term

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4 sectors Chakri Lokapriya is bullish on in near term

“But the services sector of Indian companies is at a 14-year high. So, which means therefore all the services-related companies are on a strong wicket as far as the stock price outlook is concerned,” says Chakri Lokapriya, CIO & MD, TCG AMC.We have seen a 1000-point rally on the Nifty. Do you think more is … Read more