India orders Greenpeace to shut down over fraud
The country's exports rose by 48.34 per cent to $32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods, according to the data released by the Commerce Ministry on Thursday. Imports in June too rose by 98.31 per cent to $41.87 billion, leaving a trade deficit of $9.37 billion as against a trade surplus of $0.79 billion in the same month last year. During April-June 2021, the exports increased by 85.88 per cent to $95.39 billion.
The farm sector's contribution to Indian economy is just around 20 per cent and rural India is in a shambles.
The unprecedented health crisis forced an indefinite shutdown of all sports activities -- both contact and non-contact. The FICCI said non-contact sports can resume first by maintaining social distancing norms.
Experts said a future rate cut would depend on the inflation.
India and Russia have decided to explore signing a Comprehensive Economic Partnership Agreement that will include not only features of a foreign trade agreement but also trade in services and investment.
The Rs 1-trillion organised dairy market is dominated by co-operatives in almost every state.
Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.
The Indian government has approved the visit of a Pakistani business delegation to India, which is meant to revive economic ties between the two countries and provide an impetus to diplomacy.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
Veteran industrialist Ratan Tata was conferred the title of "Global Visionary of Sustainable Business and Peace" by the Federation of Indo-Israel Chambers of Commerce (FIICC) for epitomising "unity, peace and sustainability". "Ratan Tata's support toward Israel has been unstinted. His commitment to put India on the global map with dignity and respect has been noted by each and everyone. "A man respected by the business communities of all the three countries - India, Israel and UAE - he epitomises unity, peace and sustainability," the president of the bilateral chamber, Gul Kripalani, said.
India said said that rolling back of fiscal and monetary stimulus packages, injected by the government to counter the effects of economic downturn, at this stage would be "counter-productive and disastrous to the industry."
HDFC was the top loser in the Sensex pack, shedding over 2 per cent, followed by Axis Bank, Bharti Airtel, M&M, Reliance Industries, ICICI Bank, IndusInd Bank and Titan.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
The two apex chambers -- Federation of Indian Chambers of Commerce and Industry and the Confederation of Indian Industry -- said it was time corporate India did some serious introspection and improved governance standards. CII president K V Kamath said there was a 'need to immediately examine the loopholes in regulation, accounting, audit and governance that allowed such lapses to occur and address them with urgency'.
'In old India, there was no hatred, anger or lynching. New India is one where humans are enemies of each other'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Centre said on Wednesday it had made a good offer for the proposed Free Trade Agreement with the Association of South East Asian Nation and is awaiting ASEAN's reactions to it.
In a move aimed at enhancing the bilateral economic ties, India and Germany will set up a hotline facility for speedy resolution of business visa related issues.
The United States Securities and Exchange Commission, the federal agency to regulate the securities industry in that country, has sought India's permission to probe the multi-million dollar Satyam fraud case.
Addressing a press conference at a protest site on the Singhu border, they said the "super bandh" made the government open its 'eyes and ears'.
Devangshu Datta highlights the silver lining for the long-term investor.
Rising crude oil prices along with hardening interest rates in the domestic market have taken a toll on India Inc's growth outlook in the first quarter of the current fiscal.
Pressure has been mounting on the Reserve Bank of India to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum. However, the RBI will have to do a tightrope walk as globally interest rates are inching upwards.
The country's exports jumped by 58.23 per cent to $34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry's provisional data. Exports during April-March 2020-21, however, dipped by 7.4 per cent to $290.18 billion compared to $313.36 billion in 2019-20, the data showed. Imports during 2020-21 contracted by 18 per cent to $388.92 billion compared to $474.71 billion during 2019-20. In March 2020, the exports stood at $21.49 billion, which was a decline of about 34 per cent over March 2019 due to global slowdown induced by the Covid-19 crisis.
Coal India is transporting extra volumes of coal to power plants ahead of a five-day worker union strike that threatens to cut much of its per-day output of 1.6 million tonnes.
Top gainers in the Sensex pack included Infosys, Bajaj Finance, Maruti, HUL, HCL Tech and Reliance Industries, while M&M, IndusInd Bank, ITC, PowerGrid and L&T were among the losers. The NSE Nifty settled 190.80 points, or 2.51 per cent, down at 7,801.05.
Terming the Interim Budget for 2014-15 fiscal as 'very balanced', the industry on Monday said that it was 'absolutely' up to the expectations.
By virtue of its position as a global repository of international financial expertise
Russia on Wednesday said it was keen to enhance bilateral trade with India to $10 billion by 2010 from the current $5 billion. "Russia-India trade turnover has increased by 40 per cent last year and amounted to $5 billion. We are very positive about increasing the turnover to $10 billion by 2010," Russian Federation's Ambassador Vyacheslav I Trubnikov said at a meeting organised by the All India Association of Industries (AIAI) in Mumbai.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
Ajit Mishra answers reader queries on the stock market.
While Norway tops the list, India's ranking is the lowest among BRICS economies
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Sanjay Kapoor elected AICF President, Chauhan retains secretary's post.
'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'
"We are ready with our money but it's so difficult to get a business visa to India,'' said Dr Abdul Rahman A Al Rabiah, managing director of Alrabiah, a consulting and engineering services company. Quoting instances, Rehman said, "Business leaders who have five-year multi-entry visa into the UK and Europe are merely given a three-month visa for India.''
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Between September 2017 and August 2018, close to 15% of all flavoured milk launches in India were in the chocolate category, reports Nitin Kumar.
