The defence ministry is shooting to achieve an annual export target of $5 billion by 2025.
Chinese government was expected to start sales from its cotton reserves on March 6.
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
Anamika Pareek answers five most frequently asked questions about investing in silver ETFs
India's manufacturing sector growth steadied in May, with new orders and production increasing at similar rates to those registered in the previous month, while demand showed signs of resilience and improved further in spite of another uptick in selling prices, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 54.6 in May, little changed from 54.7 in April, pointing to a sustained recovery across the sector. The May PMI data pointed to an improvement in overall operating conditions for the eleventh straight month.
Nestle, for the record, does not give a break-up of its exports.
India's Directorate General of Foreign Trade on March 25 banned the export of Hydroxychloroquine but said that certain shipments on humanitarian grounds may be allowed on a case-by-case basis. With more than three lakh confirmed cases of coronavirus infection and over 8,000 fatalities, the US has emerged as the worst sufferers of the deadly coronavirus diseases to which there has been no cure.
India's manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6. The December data pointed to a "substantial, albeit slower, rises in sales and output", the survey said, adding that the latest quarterly reading was at 56.3, its highest since the final quarter of fiscal year 2020/21.
During the last financial year, Tirupur exported goods worth Rs 11,000 crore. This year, manufacturers fear they will fall short of the 20 per cent growth target.
'A change we have seen after the Russia-Ukraine war is the energy crisis in Europe.' 'Earlier, in Europe, people used to change their clothes after 5 washes, now they are using it till 15-20 washes.' 'They used to change their entire wardrobe after 2 months or so, but because of the economic conditions, it has changed.' 'It has affected exports as 40% of our exports is to Europe, 30% to the US and 10% to the UK.' 'The war has to end for better days to come.'
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
The exports in the opening month of the current fiscal expanded by 95 per cent. In April 2009, the shipments were valued at $1.31 billion.
Exports stood at $5.27 million (around Rs 24 crore) in October last fiscal.
The engineering exports in the first month of 2009-10 plunged to $2.78 billion from $3.8 billion in the same month a year ago, according to the Engineering Export Promotion Council. However, the decline in April was not as sharp as in March, when the exports contracted by 34 per cent over the same period last year.
Last year, the commerce ministry announced that Status holders (ie recognised export houses, trading houses etc), who achieved a minimum annual export growth of 25 per cent (a minimum of Rs 25 crore) could earn Duty Free Import Entitlement Certificat
Anand Khushwaha, a small Delhi-based exporter of imitation jewellry, has been inundated by e-mails from his customers in the United States and Europe.
The Supreme Court on Friday allowed export of nearly 1100 metric tonne of unused Endosulfan from the country, while retaining its earlier order banning the use and production of the controversial pesticide.
Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics. The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India's (NPCIL's) share in one of its forging JV companies for a consideration of Rs. 100-150 crore. "We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners," said S N Subrahmanyan, chief executive officer and managing director of the company.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
A team of central agencies and the Uttar Pradesh drug department had carried out an inspection at the firm's office in Noida on December 29 and taken six more samples for testing.
It may touch Rs 19,800 crore.
After the Ukraine war, coke prices just soared and most units don't have money left to buy raw material. Customers are not absorbing the price escalation'
Of the total $32.5 billion engineering exports in 2009-10, EU accounted for about 30 per cent.
During 2012-13, the gems and jewellery exports declined by 9.4 per cent year-on-year to $39 billion due to sluggish demand in traditional markets.
Exports of textiles and jewellery from India may register negative growth this year thanks to the appreciation of Rupee against the US dollar.
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
Modi faces his first challenge as soaring prices for basic food items, such as milk and potatoes, lifted retail food inflation to 9.4 per cent in May, driving wholesale inflation to a five-month high of 6.01 per cent.
The US and European markets account for 35 per cent of export revenue and a big portion of volumes.
The US market, which contributes about 75 per cent of India's jewellery exports alone, has recorded reduced orders, which have dipped by over 50 per cent because of economic slowdown. If the trend continues, gems and jewellery exports would nosedive almost at the current rate," said Vasant Mehta, chairman, Gems and Jewellery Export Promotion Council in the sideline of a conference on Tuesday in Mumbai.
Exports of gold jewellery fell 23.13 per cent to $1153 million.
With an eye on improving quality assurance in the wake of increased global scrutiny on Indian pharma products, the Centre on Tuesday said that Schedule M of the Drugs and Cosmetics Act, 1940 will be made compulsory for small and medium scale manufacturers in a phased manner. Union Health Minister Mansukh Mandaviya has asked micro-small and medium enterprises in pharma manufacturing to move towards good manufacturing practices (GMP) through self regulation. "This will help in quality assurance and also reduce compliance burden," Mandaviya.
Nestle India is in the process of resuming exports of its Maggi instant noodles to various global markets after it got a go ahead from Bombay High Court earlier this week.
The ED said AB Exports Pvt Ltd is a "shell" or fake company owned by Prasad's son and Bihar deputy Chief Minister Tejashwi Yadav and Chanda Yadav (another daughter of the RJD chief) and its registered address is the bungalow located in the New Friends Colony area.
The company wants to make F 16-Block 70 "for India, from India and export to the world".
It is mind-boggling to find our prime minister putting exports on the back-burner, says Jayanta Roy.
Over 10 per cent rise of rupee against the US dollar has become a 'big worry' for exporters at a time when they saw arrest in sharp decline in the country's exports amidst a hope of recovery.
The exports stood at $4.21 billion in June in 2008. Engineering exporters are not hopeful of recovery in demand in the international market in the coming months.
The Parliament security breach on Wednesday was well-coordinated, meticulously planned and carried out by six accused, five of whom have been nabbed, police sources said on Wednesday.
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
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