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

India major gainer of China+1, exports to soar to $835 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

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

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

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

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

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

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

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

Budget will continue to focus on capex and manufacturing: Ravi Dharamshi

Budget will continue to focus on capex and manufacturing: Ravi Dharamshi

“Infrastructure, not from investment point of view, but I think India’s infrastructure is definitely improving. You cannot but be optimist about it,” says Ravi Dharamshi, ValueQuest Investment Advisors.What is the best way to play the Budget theme if at all or would you say leave the Budget aside, look at what your long-term portfolio is … Read more

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades

Depending on China: In recent years India’s exports to China have decreased while imports from China have increased significantly In 2022, India’s imports from China touched a record high, while exports to China fell to a five-year low. This imbalance has further widened the trade deficit. Electrical machinery and electronic appliances were the most imported … Read more