The move comes amid sharp increase in retail prices of onion since August despite the government's several measures to boost the supply and contain prise rise.
The 30-share Sensex ended down 110 points at 25,474 after hitting a record high of 25,736 and the 50-share Nifty ended down 30 points at 7,627 after touching a record high of 7,700.
In December last year, India had approved the purchase of five S-400s for $5 billion or Rs 39,000 crore, said sources.
Lower imports has helped narrow trade deficit to $9.92 billion in January from $18.7 billion.
To check rising current account deficit, the government has raised import duties and the Reserve Bank of India had imposed curbs on import of the yellow metal and also laid down various pre-conditions for inward shipments of the precious metal.
India is the largest importer of gold after China.
The Central Investigation Agency has begun delivering weapons to Syrian rebels as part of the United States plan to strengthen the opposition armed groups against the Bashar al-Assad regime, even as the Obama administration began talks with Russia to find a diplomatic solution to the current crisis, a media report said on Thursday.
India is an important market for handset makers.
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
According to SBI Ecowrap, every $10/barrel increase in oil price results in additional import bill of $8 billion.
M&M is keen to increase the number of factories in the Africa region and plans are afoot to have one each in Sudan and Kenya.
In the overall client PC market, MNC vendor HP retained the top slot with a market share of 17 per cent, followed by HCL at 13per cent, and Lenovo at 7 per cent in terms of unit shipments.\n\n
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
Gold import was 1,015 tonnes in 2012-13 and nearly 70 per cent of this was by this method.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
Indians prefer to buy electronic products such as smartphones offline. The reason being the ability to "touch and feel"
Gold and silver imports declined 80.55 per cent to $1.05 billion in November after a slew of measures taken by the government to curb inbound shipments of the metal, aimed at narrowing the current account deficit.
The model, which will compete with the likes of Hyundai Verna, Maruti Suzuki Ciaz and Skoda Rapid, now features smart devices ecosystem including Alexa remote capability and 32 connected features as standard feature across all variants with a five-year free subscription.
Exports of petroleum products, chemicals, pharmaceuticals, gems and jewellery, and engineering goods registered a positive growth.
Analysts say that Jio's substantial slowing down in net additions is possibly because the company has dramatically reduced its bundled 4G feature phone offering, which contributed an average 30-40 per cent of its net additions.
HCL Infosystems on Friday said it has been ranked by IDC as the top desktop computer vendor in commercial and consumer space.
During his visit to India last year, Australian Prime Minister Tony Abbott had expressed concern over lack of growth in bilateral trade.
.jpg)
The request for relaxation came from large manufacturing units which have stated that the move would help facilitate manufacturing processes and augment exports.
A massive pan-India inoculation drive against COVID-19 was set in process on Tuesday with more than 56 lakh doses of the Covishield vaccine flown to 13 cities across India from Pune and taken to designated national and state-level stores amid tight security.
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
It went up 51 per cent in third quarter compared to last year.
Tim Cook, CEO of Apple, recently stated that he sees India in the same position that China was seven to ten years ago
The Pentagon accidentally shipped live samples of deadly anthrax to private laboratories in nine US states and bases in South Korea, forcing authorities to put up to 26 workers in post-exposure treatment.
According to HSBC, India's current account deficit is expected to narrow from 1.1 per cent of GDP in 2014 to 0.6 per cent in 2015.
India's mango production is estimated to have been stable at 1.5 million tonnes for last few years.
The initiatives announced by Commerce and Industry Minister Anand Sharma as part of the annual supplement to the Foreign Trade Policy are aimed at pushing exports which declined by 1.76 per cent to $300.6 billion during 2012-13 and pushed up the trade deficit to $190.91 billion.
The entire area has been cordoned off and National Disaster Management Authority has also been informed about the incident.
Imports during October also rose by 17.62 per cent to $44.11 billion, leading to widening of trade deficit to $17.13 billion.
The PC maker will increasingly focus on its business solutions services, and not just personal computing.
Worried over continuous decline in exports, the Commerce Ministry has stepped up its pressure on Finance Ministry to expeditiously notify a scheme which was announced in June to boost the overseas shipments.
Doval called upon the paramilitary forces and police and civil administrations to 'win hearts and minds of the people'.
The current crisis has forced the government to announce measures to ensure that India becomes self-sustaining for any kind of bulk drug. The government says India will not depend on any other country for vital key ingredients for drugs within six years, reports Sheela Bhatt.
State behemoth Coal India, the world's largest coal miner, has failed to raise its output fast enough to meet demand, and millions of Indians still go without power.
Imports also rose by 2.6 per cent to $41.1 billion in the month under review, leaving a trade deficit of $14.92 billion.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances