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If transactions with Moscow are made possible through the Rupee-Ruble mechanism, many Indian companies could explore the Russian market for trading new commodities
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Indian equity benchmarks made a strong comeback to recover the previous day's losses amid broad-based gains, led by financial, IT and oil & gas stocks. Dalal Street tracked strong gains across global equities as investors awaited the outcome of the Fed's scheduled policy review due later in the day
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Amid the Russia-Ukraine crisis, many countries have ended trade relations with Russia. India imports edible oils, key fertilizers and crude oil from Russia. Join Karunya Rao and Santosh Nair as they discuss the impact on India's trade with Russia and how likely is a Rupee-Ruble trade agreement
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Customers are deferring coal imports due to high prices in the international markets, impacting Adani Ports’ volumes
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The broad trade shift, which revokes the most favoured nation status for Russia, is being taken in coordination with the European Union and Group of Seven countries.
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Superstar Shah Rukh Khan interacted with his fans on Twitter on Wednesday to promote his upcoming movie ‘Pathaan’.
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Money has no colour and those seeking to trade with Russia will continue finding workarounds
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While the third quarter GDP data may show a rebound, it has already been overtaken by the adverse economic effects of the Russian invasion of Ukraine
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Bond yields may rise again as global crude oil prices pose a risk to the inflation outlook
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The signing of CEPA with the UAE should stand India in good stead in its ongoing and future trade negotiations with other nations
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The agreement comes with several new provisions to maximise India’s exports while also adding new sectors such as digital trade and intellectual property rights. Commerce department officials are hopeful the first of India’s ‘new-age FTAs’ will set the bar high for all trade deals to follow.
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The CEPA is likely to boost trade between India and the UAE from USD 60 billion to $100 billion in the next five years, Indian Ambassador to the UAE Sunjay Sudhir said.
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Union Minister of Commerce and Industry Piyush Goyal held a bilateral meeting with a delegation from the UAE on February 18 and signed the Comprehensive Economic Partnership Agreement (CEPA).
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Earlier this month, Commerce and Industry Minister Piyush Goyal had said: "India has launched FTA negotiations with the UAE, Australia, the United Kingdom, the EU, Canada. We are also in dialogue with GCC countries — the bloc of six countries in the Middle East– who have shown keen interest in FTA with India."
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A massive expansion in China’s production capacity is expected to improve the country’s cost competitiveness in solar and wind energy projects
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India's imports are set to surpass the FY19 record of $514 billion this fiscal year, driven by the growing inflow of goods from China.
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While it has received approval to sell pork and pork products in India, the US is seeking market access in products that offer higher returns. It wants to sell American alfalfa hay and cherries in India.
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Sources say discussions on free trade agreement to continue but a final announcement is unlikely today. Minister will be signing an MoU to promote travel and tourism between two countries.
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More than 16 months have passed since India proposed a temporary waiver of the global intellectual property rights pact TRIPS at the WTO. A waiver would allow easier and faster sharing of COVID-19 vaccines and testing technology among countries
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Central Banks globally are expected to begin tightening their monetary policy and reduce liquidity in a bid to curtail rising inflation. In FY22, India became the fourth-largest forex reserves holder, after China, Japan, and Switzerland with a record $636 billion. However, India’s external debt rose to $ 593.1 billion in September 2021, from $ 556.8 billion a year earlier.
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A slowly stabilizing trade deficit has given the government room to put off raising import duties at the moment, sources say.
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Benchmark indices ended Thursday's volatile session lower with Nifty below 17,200 after Federal Reserve in its policy outcome indicated interest rate hikes in the near future. At close, Sensex was down 581 points, while Nifty settled 168 points lower. Among sectors, the PSU Bank index was up 5 percent, while auto and bank indices rose 0.3-1 percent. However, FMCG, realty, pharma, and IT indices shed 1-3 percent.
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Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms. China is a key trading partner of India.
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Sell off in global markets, weak Q3 results and pre-budget nervousness triggered heavy sell-off in the domestic bourses as risk sentiment took a blow ahead of the FOMC meeting starting tomorrow. At close, Sensex was down 1,546 points, and Nifty cracked 2.7%. All the sectoral indices ended in the red with auto, metal, IT, power, pharma, realty, FMCG, capital goods down 2-6%.
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The selloff was prompted by concerns over US interest rate increases, rising crude oil prices and growth in Covid-19 cases globally
