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US Tariffs On China 'Rare Opportunity' For Indian Tools Industry: Niti Aayog
The US tariffs on China and rising costs offer a rare opportunity to India to redefine its role in the global tools export market, a Niti Aayog report has stated.
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Indian Exports Face Rising Costs Amid Houthi Attacks In Red Sea
The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.
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Stellantis May Come to India to Make Affordable EVs for Europe
Fiat parent Stellantis has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company's quality and cost targets by the end of 2023, it could open the doo...
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In Pre-Budget Meet, Farmers' Bodies Ask Centre To Lift Export Ban On Wheat
In a pre-budget consultation with the finance ministry, farmers' organisations on Tuesday asked the government to lift ban on exports of agri items like wheat and restrict import of products that cost below the minimum support price (MSP).
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India Wheat Export Ban Hits Chewy Chapati Eating Punjabis In Singapore
India's ban on wheat exports since May has hit Singapore eateries serving soft chewy chapati, mostly for Punjabis, as the cost has gone up by three times on imports of the similar in quality staple north Indian basic food material from other countrie
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Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
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Steel Products' Rates May Fall By 10% For Domestic Producers: EEPC
In the wake of rising input costs, especially primary steel, the government's decision to remove import duty on raw materials for the metal production would lower costs for domestic steelmakers and reduce prices by around 10 per cent, an Engineering Export Promotion Council official said on Monday.
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Grocery Shock For India, Others As Indonesia Bans Cooking Oil Exports
Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.
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At $22.6 Billion In September, Trade Deficit Widens To Highest Level In 14 Years
The country's merchandise trade deficit - the gap between imports and exports, widened to a record $22.6 billion in September 2021 - the highest level in at least 14 years, according to news agency Reuters.
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Exports Jump 69% To $32.27 Billion In May, Trade Deficit Widens To $6.28 Billion
Trade Deficit Data In May 2021: Trade deficit widened to $6.28 billion, while exports jumped 69.35 per cent to $32.27 billion in May, driven by sectors such as engineering, petroleum, jewellery
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"Never Exported Vaccines At Cost Of People In India": Adar Poonawalla
Adar Poonawalla, the chief of Serum Institute of India that manufactures Covishield, on Tuesday said his firm has "never exported vaccines at the cost of the people of India".
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Exports Jump 3-Fold To $30.63 Billion In April, Trade Deficit Widens To $15.10 Billion
Trade Deficit Data In April 2021: The trade deficit widened to $15.10 billion in April 2021, compared to $6.76 billion in the year-ago period, mostly driven by low base effect
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Tesla Assured of Lower Cost of Manufacturing Vehicles in India Than China
The government says that it is ready to offer incentives to ensure that the manufacturing cost of vehicles for Tesla in India would be lower than even China. Union Transport Minister Nitin Gadkari said: “Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors. Then we can give higher c...
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Maruti Suzuki’s Q4 Profit Drops By 28.1 Per Cent; Annual Profit Down By 24.7 Per Cent
Maruti says that the slump in profit is due to lower sales volume, higher sales promotion expenses, partially offset by lower operating expenses, cost reduction efforts and reduction in corporate tax rate.
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Government Bans Export Of Onions With Immediate Effect To Contain Rising Prices
The DGFT on September 13 had imposed a minimum export price (MEP) of $850 per tonne to curb its shipments and help bring down rising domestic prices.
-
US Tariffs On China 'Rare Opportunity' For Indian Tools Industry: Niti Aayog
The US tariffs on China and rising costs offer a rare opportunity to India to redefine its role in the global tools export market, a Niti Aayog report has stated.
-
Indian Exports Face Rising Costs Amid Houthi Attacks In Red Sea
The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.
-
Stellantis May Come to India to Make Affordable EVs for Europe
Fiat parent Stellantis has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company's quality and cost targets by the end of 2023, it could open the doo...
-
In Pre-Budget Meet, Farmers' Bodies Ask Centre To Lift Export Ban On Wheat
In a pre-budget consultation with the finance ministry, farmers' organisations on Tuesday asked the government to lift ban on exports of agri items like wheat and restrict import of products that cost below the minimum support price (MSP).
-
India Wheat Export Ban Hits Chewy Chapati Eating Punjabis In Singapore
India's ban on wheat exports since May has hit Singapore eateries serving soft chewy chapati, mostly for Punjabis, as the cost has gone up by three times on imports of the similar in quality staple north Indian basic food material from other countrie
-
Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
-
Steel Products' Rates May Fall By 10% For Domestic Producers: EEPC
In the wake of rising input costs, especially primary steel, the government's decision to remove import duty on raw materials for the metal production would lower costs for domestic steelmakers and reduce prices by around 10 per cent, an Engineering Export Promotion Council official said on Monday.
-
Grocery Shock For India, Others As Indonesia Bans Cooking Oil Exports
Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.
-
At $22.6 Billion In September, Trade Deficit Widens To Highest Level In 14 Years
The country's merchandise trade deficit - the gap between imports and exports, widened to a record $22.6 billion in September 2021 - the highest level in at least 14 years, according to news agency Reuters.
-
Exports Jump 69% To $32.27 Billion In May, Trade Deficit Widens To $6.28 Billion
Trade Deficit Data In May 2021: Trade deficit widened to $6.28 billion, while exports jumped 69.35 per cent to $32.27 billion in May, driven by sectors such as engineering, petroleum, jewellery
-
"Never Exported Vaccines At Cost Of People In India": Adar Poonawalla
Adar Poonawalla, the chief of Serum Institute of India that manufactures Covishield, on Tuesday said his firm has "never exported vaccines at the cost of the people of India".
-
Exports Jump 3-Fold To $30.63 Billion In April, Trade Deficit Widens To $15.10 Billion
Trade Deficit Data In April 2021: The trade deficit widened to $15.10 billion in April 2021, compared to $6.76 billion in the year-ago period, mostly driven by low base effect
-
Tesla Assured of Lower Cost of Manufacturing Vehicles in India Than China
The government says that it is ready to offer incentives to ensure that the manufacturing cost of vehicles for Tesla in India would be lower than even China. Union Transport Minister Nitin Gadkari said: “Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors. Then we can give higher c...
-
Maruti Suzuki’s Q4 Profit Drops By 28.1 Per Cent; Annual Profit Down By 24.7 Per Cent
Maruti says that the slump in profit is due to lower sales volume, higher sales promotion expenses, partially offset by lower operating expenses, cost reduction efforts and reduction in corporate tax rate.
-
Government Bans Export Of Onions With Immediate Effect To Contain Rising Prices
The DGFT on September 13 had imposed a minimum export price (MEP) of $850 per tonne to curb its shipments and help bring down rising domestic prices.
