Close on the heels of a Free Trade Agreement with Thailand, India is now focusing on signing more such trade deals with member countries of Association of South East Asian Nations, MERCOSUR
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
Within days of revoking a non-compete agreement that his group had with his younger brother Anil, Relianec Industries Ltd chairman Mukesh Ambani is believed to have held a long-drawn-out discussion with telecom czar Sunil Mittal.
The visit by President Obama has already set the stage for further policy reforms in India, said Josh Rosenberg of the Information Technology Industry Council (ITI).
The government plans to rationalise trade margins for many other medical devices, besides stents and knee implants.
In a resolution passed at its national assembly in Haridwar, the SJM said the Modi government's proposed strategic divestment of PSEs was an "imprudent business decision" and "against national interest".
Setting up Chinese Industrial Parks in India, increased access to Indian products to bridge the ballooning trade deficit besides border issues was expected to figure in Prime Minister Narendra Modi's first meeting with Chinese President Xi Jinping on the sidelines of the BRICS summit.
Lupin was the top gainer after the USFDA cleared its Goa facility
'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
The UK India Business Council expects more emphasis to be put on improving bilateral economic ties.
The department for promotion of industry and internal trade has asked the telecom department and State-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies. The tender was floated by BSNL in March under the new management for setting up the 4G network.
Exports of 13 APIs - including paracetamol, tinidazole, metronidazole, vitamin B1, vitamin B6, vitamin B12, acyclovir, progesterone - along with formulations made from these APIs, would be restricted.
The CEOs on both sides, headed by Thomas d'Aquino, chief executive and president of Canadian Council of Chief Executives, and Tarun Das, president of Confederation of Indian Industries, submitted a 14-page report on September 2 to the two trade ministers in Canada and India for their considerations and follow-up actions.
Centre has already started work on developing a mechanism to ensure states producing any item in excess is able to transport it to other states where there is demand
Modi is the first Indian premier to visit the Silicon Valley and meet its top CEOs
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
Pre-Diwali Dhanteras sales of gold and silver witnessed a tepid response from consumers on Thursday on account of high prices of the precious metals and sluggish demand due to COVID-19 induced economic hardship, according to jewellers and industry experts. However, jewellers are expecting maximum footfalls on Friday as Dhanteras -- considered the most auspicious day in Hindu calendar for buying items, ranging from precious metals like gold and silver to utensils -- is being celebrated for two days this year.
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
Pakistani models strutted down the ramp at a fashion week in Karachi, hoping to promote fashion industry at home and attract foreign buyers.
Pakistani models strutted down the ramp at a fashion week in Karachi, hoping to promote fashion industry at home and attract foreign buyers.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
The Chinese, in turn, will reciprocate by procuring more iron ore from India and also set up steel plants in India in the near future.
India imports gold worth $26 bn in Apr-Dec period.
'Only when China treats India as an equal can we consider them real friends.'
This was announced by Commerce and Industry Minister Kamal Nath at the conclusion of the 2nd meeting of India-Russia Forum on Trade and Investment, coinciding with the visit of Russian Prime Minister Victor A Zubkov in New Delhi on Wednesday.
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement.
The stock was the worst hit among Sensex and Nifty components.
The 'Make in India' concept in the defence sector has the potential to help India meet 70 per cent of its defence needs in a few years.
With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
Prime Minister Manmohan Singh on Saturday asked the industry to enhance its contribution for creation of infrastructure through increased investment and assured that "holding the price line" was a priority for the government.
China is in no hurry to disengage at the border and the region and international community is moving on. The spectre of a long haul in Ladakh haunts India, points out Ambassador M K Bhadrakumar.
The French president said that peace should be maintained in the region and peoples' rights should be protected.
India and China are together expected to equal world's largest jewellery market, the United States, by 2015 when the global gems and jewellery trade is expected to touch $230 billion, states a new industry report.
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
The SC said, "You must tell us some way of preventing unemployment also. We cannot have people unemployed and hungry. There are areas where firecrackers can be used."
Modi seems to have an innate faith in his capabilities to handle the myriad challenges confronting the nation and would rather manage the affairs of the nation as a CEO would of a large industrial-business empire, observes Virendra Kapoor.
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances