Exporter

According to exporters, the finance ministry needs to provide reasonable funds to the Department of Commerce not only for the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme reimbursement but also for export promotion and other initiatives.

Exporters laud move to allow rupee trade but seek clarity on benefits

While the industry sees the move as the first step towards full convertibility of the Indian rupee, insiders say it will be difficult to push trade if export benefits aimed at attracting foreign exchange are not forthcoming

Commodities@Moneycontrol | Roundup of key happenings in the market

Here's a roundup of key updates in commodities market.

Rice prices rise in India, Thailand on stronger currencies

India's 5 percent broken parboiled rice prices rose by $2 per tonne to $373 to $378 a tonne this week, as gains in the rupee led exporters to raise prices. The rupee was near its highest level in about 18 months.

Wipro completes sale of EcoEnergy division

In November last year, the Bengaluru-based company had said it will sell its EcoEnergy division to Chubb Alba Control Systems for USD 70 million in order to sharpen focus on core IT business.

Infosys defends decisions after report of governance concerns

Infosys founders N.R. Narayana Murthy, Kris Gopalakrishnan and Nandan Nilekani wrote to the board last month expressing their concerns about the pay rise and severance packages given to two former senior officials, CNBC TV18 reported on Tuesday.

Rajesh Exports wins Rs 780 crore export order

In a BSE filing, Rajesh Exports said it "has bagged an export order worth Rs 780 crore of designer range of gold and diamond-studded jewellery and medallions from Singapore".

India likely to bring in rules to make mills export sugar

India is likely to bring in rules to make it compulsory for sugar mills to export millions of tonnes of surplus supplies to support local prices, sources said, in a move that could quell growing anger among farmers but add to a glut on global markets.

Exporter: India's unofficial brand ambassador

The growing tribes of exporters are acting as India‘s unofficial brand ambassadors. Therefore, as a tribute to exporters, CNBC-TV18 has partnered with State Bank of India to hold the Fifth International Trade Awards.

See 12-15% sales growth in current year: Atul Ltd

Atul Ltd informed CNBC-TV18 that Year on year basis, the profits have gone up by 54 percent. In the fourth quarter tha company has sold Rs 51 crore more and the gross margins were a tad better. The net profit saw a decline mainly due to some other expenses.

Infosys Q4 profit up on other income, lower tax expense

Infosys Ltd, India's No. 2 IT services exporter, marginally beat analyst estimates on Friday with a 3.4 percent rise in quarterly profit as the company won orders from customers including German automaker BMW.

India 19th biggest exporter in merchandise trade

India is the world's 19th biggest exporter in merchandise trade surpassing countries like Australia, Brazil, Switzerland and Sweden, according to the recent classification done by the World Trade Organisation (WTO) Secretariat for 2011.

Rice exports from India may decline in 2013: FAO

The fall in rice production in the current crop year in India against rising domestic demand is expected to affect exports of the key staple in 2013, United Nation's body FAO has said.

Tamil Nadu IT cos plagued by power shortage await reforms

Industry is almost powerless in Tamil Nadu with the state facing a shortage of 4,000 mw of power annually. The situation is getting from bad to worse. In our continuing series tonight we focus on how the state's IT sector is coping with the power crisis in Tamil Nadu.

BRICS not bound by 'unilateral' sanctions on Iran: S.Africa

The BRICS group of countries have broadly agreed they are not bound by "unilateral" sanctions on Iran, measures that threaten higher global oil prices and could result in supply shortages, South Africa's trade minister said on Wednesday.

Comm Min will fight for higher duty drawback if DEPB lapses

Indian exporters are in a tough spot. The popular duty entitlement passbook scheme or DEPB expires on June 30. So what does the future hold for exporters? CNBC-TV18's Shereen Bhan caught up with Commerce Secretary Rahul Khullar and spoke to him about the fate of the DEPB scheme and the future of exporters.

Saudi Arabia seeks to calm market with words not oil

Top exporter Saudi Arabia on Tuesday stopped short of pouring more oil on to markets that have vaulted above USD 100 as unrest swept the Middle East, telling visiting consumer nations prices were driven by fear.