Trade
Walmart reduces import dependence on China and shifts focus to India
30 Nov 2023
Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.
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Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion
23 Nov 2023
In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)
Warren Buffett's endorsement boosts Mitsubishi's image, easing conglomerate stereotypes in Japan
17 Nov 2023
Mitsubishi Corp., Japan's largest trading house, is experiencing a positive shift in investor sentiment, thanks to Warren Buffett's resounding vote of confidence.
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Indian investigators seek to revive the Adani probe and request Supreme Court assistance
17 Nov 2023
Indian investigators are making renewed efforts to reopen a probe into the Adani Group over allegations of coal import overvaluation.
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Tesla plans to double auto components imports from India: Goyal
16 Nov 2023
Commerce and industry minister Piyush Goyal has stated that the US electric vehicle maker Tesla plans to double its auto components imports from India.
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Indo-Pacific Economic Forum signs Supply Chain Resilence Agreement
16 Nov 2023
The Indo-Pacific Economic Forum (IPEC) on Tuesday signed a Supply Chain Resilence Agreement that aims to make the IPEF supply chains more resilient, robust, and well-integrated.
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India-UK free trade deal unlikely by month's end
19 Oct 2023
India and the United Kingdom are unlikely to agree on the expected trade deal by the end of October. It was reported that negotiations are still ongoing
Oil price soars as concerns over supply creep in amid Israel-Hamas conflict
11 Oct 2023
The price of oil rose higher on Wednesday, 11 October, with investors concerned about supply disruptions due to the Israel-Hamas conflict.
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Oil prices shot up to $89 a barrel amid the Israel-Hamas conflict
09 Oct 2023
Oil prices rose up to $89 a barrel in Asian trade on Monday, 9 October, amid intense military clashes between Israel
India’s April-August merchandise trade deficit estimated at $98.88 billion
15 Sep 2023
India’s merchandise trade deficit in August 2023 stood at $24.16 billion, which took overall merchandise trade deficit in April-August 2023 to an estimated $98.88 billion
India-Middle East-Europe Economic Corridor will be a beacon of shared progress: PM Modi
09 Sep 2023
The proposed India-Middle East-Europe Economic Corridor will be a beacon of cooperation, innovation, and shared progress that would help chart a journey of shared progress
US commerce secretary affirms a strong desire to maintain economic ties with China
29 Aug 2023
Senior officials from the United States and China held a series of economic policy meetings in Beijing on Tuesday, 29 August 2023, underscoring efforts to halt the decline in their bilateral relationship and to reestablish channels of communication.
India makes rupee payments for gold and crude imports from the UAE
16 Aug 2023
India and the United Arab Emirates have initiated bilateral trade using their respective local currencies. The first of such transactions was the sale of 25 kg gold by a UAE bullion exporter to an Indian buyer. The deal was worth about Rs.128.4 million ($1.54 million).
India allows export of drones for civilian use
01 Jul 2023
New foreign trade policy aims at $2 trillion exports by 2030: Piyush Goyal
04 Apr 2023
FTP 2023 is a dynamic and open ended policy that accommodates emerging needs, facilitates ease of doing exports through process re-engineering and e-commerce, in collaboration with states and districts, while also allowing exporters to close old pending authorisations through a one-time amnesty scheme and start afresh
US using Indian refiners for record purchase of gasoline and diesel of Russian origin: report
06 Feb 2023
MFL signs 3-year pact with Dubai’s Agrifields to procure 30,000 tonnes phosphoric acid annually
06 Oct 2022
Indo-Pacific Economic Forum to secure region for business
13 Sep 2022
India will not be part of the ‘trade pillar’ of the 14-member economic forum while remaining an active participant in the other three IPEF initiatives
Featured articles
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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