Nasscom said on Thursday that the last fiscal year added USD 11 billion in revenue to Indian IT industry, and that the domestic market is expected to grow faster than export revenues.
The World Intellectual Property Organisation (WIPO) in its 10th edition of the 'Global Innovation Index (GII)' ranked India 60th on its list of 130 most innovative countries in the world.
The buoyancy in exports of spices and related products, both in terms of value and volume, compares favourably with figures of 8,43,255 tonnes valued at Rs 16238.23 crore (USD 2482.83 million) in 2015-16,thereby registering an increase of 12 per cent in volume,nine per cent in Rupee terms and six per cent in dollar terms, a Spices Board release said here today.
Though exports are showing an improvement in percentage terms, they are still lower when compared to the earlier years, it said in a statement.
Exporters fear that the tax refund policy after GST’s rollout will increase their capital cost, locking up large amounts of funds till actual trade takes place
GM International - which oversees markets such as India, Southeast Asia, and South Korea, among others - will reduce its staff to about 50 from 180 by the year end, according to a person with knowledge of the matter.
"Rajesh Exports has procured a prestigious order for its products for a value of Rs 1,140 crore" the company said in a BSE filing.
Robert Gray from Australian Mango Industry Association, said the Indian mangoes would be for sale outside of the Australian mango season.
The move is aimed at guarding domestic players from cheap imports of 'Hydrogen Peroxide' from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.
Rail India Technical and Economic Service (RITES), a railways PSU, has secured its largest export order from Sri Lanka Railways for the supply of 10 broad gauge diesel locomotives and six DMU (diesel multiple units) train sets.
The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi here.
Buffalo meat exporters in Uttar Pradesh are staring at a dull Ramzan after the newly formed state government under the leadership of Yogi Adityanath ordered to close down illegal abattoirs operating in the state.
In an interview to CNBC-TV18, Manoj Sanghvi of Ratnamani Metals and Tubes said that the new order received is an export order received from one of the biggest contractors in India.
India has extended an exemption for crop cargoes to be fumigated with methyl bromide, the gas once used as a pesticide but now banned in most parts of the world, at the country of export, government sources said on Thursday.
The Supreme Court today barred sales of all old and polluting Bharat Stage III (BS-III) vehicles from April 1 even as manufacturers and their dealers are saddled with unsold stocks of at least 700,000 units.
No decision yet has been taken on Trump administration's commitment to the Paris Agreement on climate change. And same is the case with the various co-cooperation that the US has been doing with other countries including India on clean energy and climate change issues, the official said on condition of anonymity.
In an interview to CNBC-TV18, Prakash Tulsiani, COO of Allcargo Logistics said that the current growth rate is in the range of 5-6 percent.
On the other hand, Indian-built models accounted for 31,535 new car registrations in the UK last year, a growth of 12.6 per cent from 2015.
Annual export growth of 11.3 percent topped a 10.6 percent increase expected by economists in a Reuters poll and followed a 1.3 percent gain in January, marking the biggest gain since January 2015, Ministry of Finance data showed on Wednesday.
The minister told Premji that India has taken up this issue at senior level in the US administration, the source added.
When OPEC in November joined with several non-OPEC producers to agree to a historic cut in output, the group called time on a fight for market share that drove oil prices to a 12-year low and many shale producers to the wall.
"The food processing sector is poised for exponential growth with the government setting a target of doubling processing levels to 20 percent by 2019, from the current 10 percent," according to D&B report 'Food Processing Sectoral Outlook 2017'.
Growth in both output and orders accelerated last month, according to official and private factory surveys on Wednesday, giving the government more room to focus on tackling financial risks to the economy as debt continues to rise.