Analysts have upgraded the company’s earnings estimates by 15-20% for FY22. Synopsis The growth in exports was on account of a strong demand recovery across regions, dollar availability in the export markets, stable crude prices in energy exporting countries and stable currency movement in export markets. ET Intelligence Group: The stock of the two-wheeler maker … Read more
India’s trade deficit in goods widened to $14.11 billion in March from $9.98 billion during the same period a year earlier, preliminary data released by the government on Thursday showed. Merchandise exports rose 58.23% in March from a year earlier to $34 billion, while imports were up 52.89% to $48.12 billion, the data showed. Source … Read more
The proposals come after AstraZeneca was accused of failing to honour its contract with the EU. Source link
The EU threatens to block vaccine exports to the UK unless it “gets its fair share”. Source link
New Delhi: The country’s exports recorded a positive growth in January and the outbound shipments are fast moving towards pre-COVID-19 levels, a top government official said on Wednesday. Commerce Secretary Anup Wadhawan also said India is well on the way to breaking into new frontiers and exporting goods such as mobile phones and other electronic … Read more
Mahindra & Mahindra, the country’s largest tractor maker, is witnessing strong demand for tractors in the middle of the festive season. Operating at over 100% capacity and yet having pending orders, the company has decided to divert production meant for exports to meet the local demand, M&M’s Farm Equipment Sector (FES) chief executive, Hemant Sikka, … Read more
India posted a trade deficit of $2.91 billion in goods in September, data released by the government showed on Friday. Merchandise imports contracted 19.60% in September to $30.31 billion from a year ago while exports rose 5.27% to $27.40 billion, data from the Ministry of Commerce and Industry showed. Total merchandise imports fell by 40.06% … Read more
New Delhi: Bajaj Auto on Thursday reported a 10 per cent increase in its total vehicle sales at 4,41,306 units in September. The Pune-based automaker had sold a total of 4,02,035 vehicles in September 2019. Total two-wheeler sales in September stood at 4,04,851 units as compared to 3,36,730 units in the same month of 2019, … Read more
By Prathamesh Mallya In September, natural gas prices on the NYMEX and MCX have declined by approximately 29 per cent. The fall in natural gas prices has a lot to do with the demand and supply which is a very intrinsic factor which decides the price trajectory of the commodity. Moreover, the fall in the … Read more
New Delhi: The government on Tuesday allowed exports of certain non-woven fabrics used to make masks and coveralls with a view to push outbound shipments. However, export of melt blown fabric of any GSM (grams per square metre) continues to be banned. A notification dated July 13 was amended “to the extent that only melt … Read more