News

L&T moves up as its construction arm secures new orders for Power Transmission & Distribution Business Larsen & Toubro is currently trading at Rs. 2715.30, up by 35.80 points or 1.34% from its previous closing of Rs. 2679.50 on the BSE. The scrip opened at Rs. 2685.10 and has touched a high and low of Rs. 2725.75 and Rs. 2685.00 respectively. So far 58878 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2725.75 on 23-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022. Last one week high and low of the sc...
L&T moves up as its construction arm secures new orders for Power Transmission & Distribution Business
L&T moves up as its construction arm secures new orders for Power Transmission & Distribution Business
Source: Accord Fintech
23/08/2023 2:28:16 PM
India`s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade India's July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Saudi Arabia volunteered to cut ...
India`s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade
India`s July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade
Source: Reuters
22/08/2023 12:08:18 PM
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham India's central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce U.S.-dollar-based transactions, five sources told Reuters. The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee's global reach, three banking sources sa...
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham
Source: Reuters
21/08/2023 4:39:49 PM
India makes first crude oil payment to UAE in Indian rupees India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday. Indian Oil Corp made payment to Abu Dhabi National Oil Company (ADNOC), according to a statement issued by Indian embassy in UAE. The transaction comes after one involving the sale of 25 kg gold from a UAE gold exporter to a bu...
India makes first crude oil payment to UAE in Indian rupees
India makes first crude oil payment to UAE in Indian rupees
Source: Reuters
15/08/2023 11:35:08 AM
India basmati rice exporters get requests for early shipments Indian rice exporters have been receiving requests from buyers to advance shipments of basmati rice after New Delhi banned exports of non-basmati white rice to dampen local prices, industry officials told Reuters. The world's biggest exporter of rice surprised buyers earlier this month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. "Buyers are requesting...
India basmati rice exporters get requests for early shipments
India basmati rice exporters get requests for early shipments
Source: Reuters
31/07/2023 4:07:55 PM
US-based IT firm to provide jobs to 200 people in Kerala A US-based IT company that set up its office in Kerala will start its operations from Monday (July 24). The company will be providing direct employment to 200 people in the state. Chief Executive Officer of 'Cloud Q' Yassar Hameed, in a press conference on Sunday, told mediapersons that the company would be setting up a centre in Kerala based on the opportunities in the state. The CEO said that the company was interested in opening a new office in Kerala as the facilities provid...
US-based IT firm to provide jobs to 200 people in Kerala
US-based IT firm to provide jobs to 200 people in Kerala
Source: IANS
24/07/2023 9:52:30 AM
India-France interests in Indo-Pacific region vast & deep: Prime Minister Narendra Modi As Prime Minister Narendra Modi embarked on a trip to France on Thursday, he said interests between the two nations in the Indo-Pacific region were vast and deep. He made the remarks to French newspaper Les Echos ahead of his trip, which will also take him to the United Arab Emirates (UAE). "Our (India AND France) interests in the Indo-Pacific region are vast, and our engagement is deep. I have described our vision for this region in one word, 'SAGAR', which stands for Secu...
India-France interests in Indo-Pacific region vast & deep: Prime Minister Narendra Modi
India-France interests in Indo-Pacific region vast & deep: Prime Minister Narendra Modi
Source: IANS
13/07/2023 11:39:36 AM
Prime Minister Narendra Modi to embark on 2-nation tour of France, UAE tomorrow Prime Minister Narendra Modi will embark on a visit to France and the United Arab Emirates (UAE) on Wednesday. From Wednesday to Thursday, Modi will visit Paris at the invitation of French president Emmanuel Macron. The Prime Minister will be the guest of honour at the Bastille Day Parade on Thursday, where a tri-services Indian armed forces contingent will be participating. According to External Affairs Ministry sources, Modi will also hold formal talks with Macron. The French Pr...
Prime Minister Narendra Modi to embark on 2-nation tour of France, UAE tomorrow
Prime Minister Narendra Modi to embark on 2-nation tour of France, UAE tomorrow
Source: IANS
12/07/2023 3:32:25 PM
india`s exports to UAE contract by 10.2% to $4.82 billion during April-May The commerce ministry in its latest data has indicated that India's exports to the UAE contracted by 10.2 per cent to $4.82 billion during April-May of FY24 against $5.37 billion in the year-ago period. India and the UAE have operationalised a comprehensive free trade agreement since May 1 last year. According to the data, imports from the UAE too fell to $6.73 billion from $9.67 billion in April-May 2021-22. India's exports to the UAE in 2022-23 rose by 11.8 per cent to $31.3 bill...
india`s exports to UAE contract by 10.2% to $4.82 billion during April-May
india`s exports to UAE contract by 10.2% to $4.82 billion during April-May
Source: Accord Fintech
16/06/2023 12:24:09 PM
India, UAE agree to raise non-petroleum bilateral trade to $100 billion by 2030: minister India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation's trade minister said on Monday. The central banks of both countries were also discussing rupee-dirham trade mechanism, India trade minister Piyush Goyal said after a meeting with UAE foreign trade minister Thani bin Ahmed Al Zeyoudi.
India, UAE agree to raise non-petroleum bilateral trade to $100 billion by 2030: minister
India, UAE agree to raise non-petroleum bilateral trade to $100 billion by 2030: minister
Source: IANS
12/06/2023 1:21:36 PM
Oil jumps 2% on Saudi plan to deepen output cuts from July  Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets. Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel. U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75...
Oil jumps 2% on Saudi plan to deepen output cuts from July
Oil jumps 2% on Saudi plan to deepen output cuts from July
Source: Reuters
5/06/2023 8:51:51 AM
Indonesia's IPO market is thrashing HK, India One of the hottest IPO markets this year is not in a country brimming with global tech giants, nor does it rank among the top 10 global economies by size. But Indonesia, a collection of islands with a big population and a fast-growing economy, sits on vast deposits of the metals needed to make batteries for electric vehicles. That has made the country an important engine of the global green transition -- and a magnet for investors, CNN reported. The Southeast Asian country currently ran...
Indonesia's IPO market is thrashing HK, India
Indonesia's IPO market is thrashing HK, India
Source: IANS
29/05/2023 11:54:47 AM
Investors in UAE hospital chain Aster eye $300 million India stake sale Investors in Aster DM Healthcare are in talks to sell a 30% stake in the company's India business for about $300 million, two sources with direct knowledge said, the latest potential deal in India's booming healthcare sector. UAE-based and Mumbai-listed Aster runs 32 hospitals, 127 clinics and 521 pharmacies in India and the United Arab Emirates. The current talks are related to the India business and come just as Aster tries to demerge its Gulf business and sell a majority stake i...
Investors in UAE hospital chain Aster eye $300 million India stake sale
Investors in UAE hospital chain Aster eye $300 million India stake sale
Source: Reuters
26/05/2023 3:47:21 PM
India`s exports to UAE contract by 22% to $2.23 billion in April 2023: Commerce ministry data The commerce ministry in its latest data has showed that India's exports to the UAE contracted by 22 per cent to $2.23 billion in April 2023 as against $2.86 billion in April 2022. Imports to the UAE also declined by 34.08 per cent to $3.15 billion in April 2023. Indian and the UAE have operationalised a comprehensive free trade agreement since May 1 last year.  According to the data, India's exports to the UAE in 2022-23 rose by 11.8 per cent to $31.3 billion, while imports f...
India`s exports to UAE contract by 22% to $2.23 billion in April 2023: Commerce ministry data
India`s exports to UAE contract by 22% to $2.23 billion in April 2023: Commerce ministry data
Source: Accord Fintech
16/05/2023 12:31:51 PM
India, UAE transform partnership between two countries by promoting two-way commerce: DPIIT Secretary The Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the free trade agreement between India and the UAE has transformed the partnership between the two countries by promoting two-way commerce at a healthy rate. The agreement came into force on May 1 last year.  He said that initial gains of the pact have already started accruing with bilateral trade growing at around 20 per cent and touching an all-time high of around $84 bil...
India, UAE transform partnership between two countries by promoting two-way commerce: DPIIT Secretary
India, UAE transform partnership between two countries by promoting two-way commerce: DPIIT Secretary
Source: Accord Fintech
10/05/2023 9:52:11 AM
India-UAE bilateral trade grew 20% in 2022-23 Since the Comprehensive Economic Partnership Agreement (CEPA) came into existence, bilateral trade between India and UAE witnessed tremendous growth of 20 per cent in 2022-23 as against the previous year. India's exports to the UAE also recorded a remarkable growth of 12 per cent, reaching $31.3 billion in 2022-2023. This was stated by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who along with UAE's Minister of State for Foreign...
India-UAE bilateral trade grew 20% in 2022-23
India-UAE bilateral trade grew 20% in 2022-23
Source: IANS
9/05/2023 9:33:44 AM
India-UAE bilateral trade under CEPA sees 16% rise between 2021-22 & 2022-23 Bilateral trade between India and the UAE under the comprehensive economic partnership agreement (CEPA) has increased from $72.9 billion (April 2021-March 2022) to $84.5 billion (April 2022-March 2023), registering a year-on-year growth of 16 per cent, Commerce Secretary Sunil Barthwal said on the first anniversary of CEPA. CEPA is a full and deep agreement which was signed on February 18, 2022, during a virtual summit between Prime Minister Narendra Modi, and President of the UAE and the ...
India-UAE bilateral trade under CEPA sees 16% rise between 2021-22 & 2022-23
India-UAE bilateral trade under CEPA sees 16% rise between 2021-22 & 2022-23
Source: IANS
2/05/2023 9:31:12 AM
India hopes to raise exports to UAE to $50 billion by FY 26/27 India hopes to raise exports to the United Arab Emirates to $50 billion by fiscal year 2027, India's trade secretary Sunil Barthwal told an event in New Delhi on Monday. Barthwal said India aimed to make better use of a trade deal between the two nations that has led to an increase in Indian imports from UAE and increased Indian exports in some sectors. India's exports to the Gulf nation in the electrical machinery and equipment and automobiles sectors grew by 32% and 42% respec...
India hopes to raise exports to UAE to $50 billion by FY 26/27
India hopes to raise exports to UAE to $50 billion by FY 26/27
Source: Reuters
1/05/2023 8:06:08 PM
Iranian, UAE FMs call for stronger bilateral cooperation Iranian Foreign Minister Hossein Amir-Abdollahian and his counterpart of the United Arab Emirates (UAE) Sheikh Abdullah bin Zayed Al Nahyan have agreed to expand cooperation in various fields. During a phone call, Iran's Amir-Abdollahian and UAE's Sheikh Abdullah agreed to expand cooperation in various fields, including the private sector, Xinhua news agency reported, citing the Iranian Foreign Ministry's website. Amir-Abdollahian said the bilateral relations are improving, ...
Iranian, UAE FMs call for stronger bilateral cooperation
Iranian, UAE FMs call for stronger bilateral cooperation
Source: IANS
24/04/2023 10:23:25 AM
Qatar, Bahrain to resume diplomatic ties The Qatari-Bahraini Follow-up Committee decided to restore diplomatic relations between Qatar and Bahrain in line with the principles of the UN Charter and the provisions of the Vienna Convention on Diplomatic Relations of 1961. The decision was made during the second meeting of the committee at the headquarters of the General Secretariat of the Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia, Xinhua news agency reported. Both sides have said that the decision stems from a mutual...
Qatar, Bahrain to resume diplomatic ties
Qatar, Bahrain to resume diplomatic ties
Source: IANS
13/04/2023 5:06:52 PM
USA, UAE qualify for the 2023 ICC Men's Cricket World Cup Qualifier The United States of America (USA) and United Arab Emirates (UAE) have qualified for the ICC Men's Cricket World Cup Qualifier after finishing in the top two places of the six-team ICC Mens Cricket World Cup Qualifier Play-off in Namibia. USA finished on top of the table with four wins from five matches, ahead of the UAE on head-to-head, who scored a final-day win over Jersey to level with the USA on points. Hosts Namibia and Canada put in some strong performances but fell just short o...
USA, UAE qualify for the 2023 ICC Men's Cricket World Cup Qualifier
USA, UAE qualify for the 2023 ICC Men's Cricket World Cup Qualifier
Source: IANS
7/04/2023 12:21:07 PM
Seed Group joins hands with cloud-based No-Code Low-Code platform Quixy to simplify enterprise solution-building in the UAE and Middle East Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has announced a strategic partnership with India-based No-Code Low-Code platform Quixy with an aim to simplify enterprise solution-building in the UAE and the Middle East.    The Hyderabad headquartered start-up uses an innovative no-code, low-code approach to help businesses build solutions and applications up to 10 times faster without writing any code. The organisation has over time ...
Seed Group joins hands with cloud-based No-Code Low-Code platform Quixy to simplify enterprise solution-building in the UAE and Middle East
Seed Group joins hands with cloud-based No-Code Low-Code platform Quixy to simplify enterprise solution-building in the UAE and Middle East
Source: PR Agency
4/04/2023 5:10:55 PM
WC Qualifier Playoff: UAE, Canada record wins on enthralling Day 2 United Arab Emirates (UAE) and Canada overcame resilient performances from Papua New Guinea and Jersey respectively to gain their first points in the ICC Men's Cricket World Cup Qualifier Play-off and maintained their chances of advancing to the next round. UAE survived a big scare before overcoming a spirited Papua New Guinea (PNG) by 21 runs while Canada defeated Jersey by 31 runs on an enthralling second day of the competition. An inspired Chad Soper (4-43) gave his side the drea...
WC Qualifier Playoff: UAE, Canada record wins on enthralling Day 2
WC Qualifier Playoff: UAE, Canada record wins on enthralling Day 2
Source: IANS
28/03/2023 12:57:29 PM
Israel-UAE free trade deal takes effect  A free trade agreement between Israel and the United Arab Emirates (UAE) has come into effect, the first such economic deal the Jewish state reached with an Arab country. Officials from both countries signed a customs agreement on Sunday, enabling the free trade agreement signed in May 2022 to come into effect, an official statement said. The customs agreement was signed by Israeli Foreign Minister Eli Cohen and UAE Ambassador to Israel Mohamed Al Khaja in the presence of Netanyah...
Israel-UAE free trade deal takes effect
Israel-UAE free trade deal takes effect
Source: IANS
27/03/2023 11:06:44 AM
SolutionBuggy eyes the Middle-East market; plans to open a new office in UAE SolutionBuggy, India's largest manufacturing consulting platform dedicated to small and medium scale enterprises, gears up for overseas expansion by foraying in the Middle-east region. Looking at the huge potential in the Middle-East market, SolutionBuggy intends to open a new office in Abu Dhabi, United Arab Emirates (UAE).   The manufacturing consulting platform currently has offices in Noida and Bengaluru, but is working on projects all over India. Through the successful com...
SolutionBuggy eyes the Middle-East market; plans to open a new office in UAE
SolutionBuggy eyes the Middle-East market; plans to open a new office in UAE
Source: PR Agency
21/03/2023 1:42:46 PM
NASA-SpaceX's Crew-6 mission to space 'scrubbed' NASA and SpaceX crew-6 mission has been scrubbed, the space agencies said on Monday. A few minutes before the slated liftoff, the mission was scrubbed due to an issue with the ignition system. "Today's #Crew6 launch has been scrubbed due to an issue with ground systems, NASA team officials posted on Twitter. "Standing down from tonight's launch of Crew-6 due to a TEA-TEB ground system issue," SpaceX said. "Both Crew-6 and the vehicles are healthy and pr...
NASA-SpaceX's Crew-6 mission to space 'scrubbed'
NASA-SpaceX's Crew-6 mission to space 'scrubbed'
Source: IANS
27/02/2023 3:16:02 PM
UAE begins commercial operations at South Korean-built No. 3 nuclear reactor The United Arab Emirates (UAE) has started commercial operations at the third unit of the South Korean-built Barakah nuclear power plant, South Korea's state-run utility firm said Sunday. The Unit 3 reactor began its commercial operations Friday after the Middle East country issued an operating license last June and the process to insert fuel rods into the reactor started, according to the Korea Electric Power Corp (KEPCO). It is one of the four nuclear reactors built in Barakah, 27...
UAE begins commercial operations at South Korean-built No. 3 nuclear reactor
UAE begins commercial operations at South Korean-built No. 3 nuclear reactor
Source: IANS
26/02/2023 2:50:10 PM
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi Prime Minister Narendra Modi on Sunday said that the comprehensive economic partnership agreement (CEPA) with UAE has given a boost to Indian entrepreneurs. Modi said in a tweet that it has also deepened India's ties with UAE. He was responding to a tweet by commerce minister Piyush Goyal, who had said on Saturday that February 18 marked one year of signing of India-UAE CEPA. Goyal along with UAE's minister of state for foreign trade Thani Al Zeyoudi had co-authored an articl...
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi
Economic pact with UAE given boost to Indian entrepreneurs: PM Narendra Modi
Source: IANS
19/02/2023 2:05:01 PM
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5% The historical India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed on February 18, 2022 during the virtual summit attended by Indian Prime Minister Narendra Modi and President of the UAE Sheikh Mohamed bin Zayed Al Nahyan. Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai...
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
Source: IANS
19/02/2023 10:28:00 AM
UAE-India Business Council launched to boost bilateral trade Marking the first anniversary of India-UAE Comprehensive Economic Partnership Agreement (CEPA), the top business houses of India and UAE came together to open the UAE India Business Council - UAE Chapter (UIBC-UC), to bolster economic ties and facilitate shared goal of enhancing bilateral trade and investment. The UIBC-UC was launched by UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, in the presence of Ambassador of India to the UAE Sunjay Sudhir, Consul General of Ind...
UAE-India Business Council launched to boost bilateral trade
UAE-India Business Council launched to boost bilateral trade
Source: IANS
19/02/2023 9:14:35 AM
Indian refiners pay traders in dirhams for Russian oil Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars, four sources with knowledge of the matter said. While Western sanctions against Moscow are not recognised by India, and purchases of Russian oil may in any case not violate them, banks and financial institutions are cautious about clearing payments so as not to unwittingly fall foul of the many measures imposed against Russia following i...
Indian refiners pay traders in dirhams for Russian oil
Indian refiners pay traders in dirhams for Russian oil
Source: Reuters
4/02/2023 10:30:28 AM
DAVOS 2023-UAE and India discussing settling non-oil trade in rupees  The United Arab Emirates is in early discussions with India to trade non-oil commodities in Indian rupees, Emirati Minister for Foreign Trade Dr Thani Al Zeyoudi said on Thursday. The UAE signed a wide-ranging free trade agreement last year with India, which, along with China, is among the biggest trade partners for Gulf Arab oil and gas producers, most of whose currencies are pegged to the U.S. dollar. Al Zeyoudi, asked by Reuters whether trade in rupees with India was on the tab...
DAVOS 2023-UAE and India discussing settling non-oil trade in rupees
DAVOS 2023-UAE and India discussing settling non-oil trade in rupees
Source: Reuters
20/01/2023 11:22:24 AM
Samsung R&D centre in Vietnam to kick-start operations soon Samsung Electronics' Executive Chairman Lee Jae-yong left for Vietnam on Wednesday to attend an opening ceremony of a research and development (R&D) centre there. Samsung Electronics began building the $220 million R&D centre in Hanoi in March 2020, in what the tech giant said would be the largest R&D facility in Southeast Asia. "The R&D centre will open soon," he told reporters at Seoul Gimpo Business Aviation Center, west of Seoul, earlier in the day. He ...
Samsung R&D centre in Vietnam to kick-start operations soon
Samsung R&D centre in Vietnam to kick-start operations soon
Source: IANS
21/12/2022 4:25:47 PM
Chennai-based ST Advanced Composites sees good traction in satellite segment Chennai-based ST Advanced Composites, that made the metallic and carbon fibre structure of the United Arab Emirates' (UAE) moon rover Rashid, is seeing good business in the space satellite segment, said a top company official. He official said the company is als looking at the space debris clearance segment partnering with a foreign company. The company fabricated the UAE's moon rover's structure on which other payloads are loaded. The rover will emerge from the Japan-made l...
Chennai-based ST Advanced Composites sees good traction in satellite segment
Chennai-based ST Advanced Composites sees good traction in satellite segment
Source: IANS
19/12/2022 11:28:46 AM
How Governments are trying to ease impact of inflation Pandemic-related disruptions to global supply chains and the knock-on effects of Russia's war in Ukraine have driven up prices of energy, commodities and necessities. Here's how governments are trying to help hard-hit consumers and companies: AMERICAS: * Brazil's Senate approved raising the government spending cap, allowing the president-elect's incoming administration to fund an extension of social welfare payments for poor families. Oil giant Petrobras has cut fuel ...
How Governments are trying to ease impact of inflation
How Governments are trying to ease impact of inflation
Source: Reuters
17/12/2022 9:51:28 AM
Rupee down for second straight week, forward premiums jump The Indian rupee declined against the U.S. currency on Friday, extending its weekly decline, mainly on account of dollar demand from oil and other importers, traders said. The rupee slipped to 82.87 per U.S. dollar from 82.76 in the previous session, taking its weekly decline to 0.7%. It would have lost more in today's session had it not been for the regular dollar supply from public sector banks. The rupee this week fell on all days except on Wednesday when it was helped by the sof...
Rupee down for second straight week, forward premiums jump
Rupee down for second straight week, forward premiums jump
Source: IANS
16/12/2022 12:00:10 PM
India's basmati rice exports could jump 15% as key buyers stock up India's exports of premium basmati rice are likely to jump 15% over last year as key buyers in the Middle East build their inventories despite prices jumping by nearly a quarter, leading exporters told Reuters. Higher basmati exports would keep local prices firm, helping Indian farmers earn more by pushing paddy prices up to a record high. "After the Ukraine war, buyers are afraid of a sudden supply disruption. Every buyer is trying to have enough stocks," said Vijay Setia...
India's basmati rice exports could jump 15% as key buyers stock up
India's basmati rice exports could jump 15% as key buyers stock up
Source: Reuters
30/11/2022 5:38:13 PM
India to receive first LNG cargo from Indonesia`s Tangguh LNG  India will receive its first cargo from Indonesia's Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a Refinitiv analyst and Refinitiv ship tracking data. The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv. "The vessel which had been acting as a floating storage since it lifted the cargo in mid-September is currently on a term charter to British oil major BP and is due to a...
India to receive first LNG cargo from Indonesia`s Tangguh LNG
India to receive first LNG cargo from Indonesia`s Tangguh LNG
Source: Reuters
28/11/2022 5:59:46 PM
India, UAE central banks discuss rupee-dirham trade prospects -official The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies, India's ambassador to UAE, Sunjay Sudhir, said on Friday. Rupee-dirham trade will help reduce transactional costs, Sudhir told reporters in New Delhi, as the two countries look to boost trade on a free trade pact. Earlier this year, India signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to help Indian exporters tap into ...
India, UAE central banks discuss rupee-dirham trade prospects -official
India, UAE central banks discuss rupee-dirham trade prospects -official
Source: Reuters
26/11/2022 11:04:33 AM
Zen Technologies trades marginally higher on forming wholly owned subsidiary in UAE Zen Technologies is currently trading at Rs. 198.10, up by 0.20 points or 0.10% from its previous closing of Rs. 197.90 on the BSE. The scrip opened at Rs. 197.95 and has touched a high and low of Rs. 199.75 and Rs. 197.30 respectively. So far 4095 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.70 on 15-Dec-2021 and a 52 week low of Rs. 144.45 on 13-May-2022. Last one week high and low of the scrip stood at...
Zen Technologies trades marginally higher on forming wholly owned subsidiary in UAE
Zen Technologies trades marginally higher on forming wholly owned subsidiary in UAE
Source: Accord Fintech
17/11/2022 11:27:53 AM
India`s export to UAE surges 17.6% to USD 18 billion in April-October of FY23: Commerce ministry The commerce ministry in its latest data has stated that India's exports to the UAE, with which a free trade agreement was implemented on May 1, rose by 17.6 per cent to about USD 18 billion during April-October this fiscal (FY23). However, exports in October dipped by 18 per cent to about USD 2 billion. It mentioned Imports during April-October of FY23, on the other hand, increased by 33 per cent to USD 32.3 billion from the UAE. Further, imports from China during the same period grew...
India`s export to UAE surges 17.6% to USD 18 billion in April-October of FY23: Commerce ministry
India`s export to UAE surges 17.6% to USD 18 billion in April-October of FY23: Commerce ministry
Source: IANS
17/11/2022 10:59:07 AM
India to launch negotiations for FTA with a region next week: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that India will be launching negotiations for a free trade agreement (FTA) with a region next week. Though the minister did not disclose the name of the region, there is a likelihood that the talks may start with the Gulf Cooperation Council (GCC) as the region was keen to increase economic engagement with India. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. He added that negoti...
India to launch negotiations for FTA with a region next week: Piyush Goyal
India to launch negotiations for FTA with a region next week: Piyush Goyal
Source: Accord Fintech
17/11/2022 10:56:02 AM
Indian mining body seeks higher import tax on aluminium, zinc, copper products India's top mining industry body has sought higher import taxes on a slew of metals such as zinc, copper and aluminium to help halt the tide of cheaper imports, especially from China, according to a note sent to the government and seen by Reuters. The government should raise import taxes to 10%-15% on several aluminium products, including scrap to 10% from 2.5%, the Federation of Indian Mineral Industries (FIMI) said in the note addressed to India's Ministry of Finance. India...
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Source: Reuters
11/11/2022 4:07:51 PM
Asian Paints plans Rs 2,650 crore backward integration, including white cement JV in UAE  In a major backward integration move, paint major Asian Paints Ltd will invest about Rs 2,650 crore to manufacture Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in India and white cement in the UAE. While the VAE and VAM investment will be made within India the manufacturing of the white cement will be under a 60:40 joint venture in Fujairah, United Arab Emirates (UAE), with Riddhi Siddhi Crusher & Land Transport (Riddhi Siddhi), Fujairah, UAE, Associated ...
Asian Paints plans Rs 2,650 crore backward integration, including white cement JV in UAE
Asian Paints plans Rs 2,650 crore backward integration, including white cement JV in UAE
Source: IANS
21/10/2022 12:45:09 PM
Asian Paints gains on entering into binding term sheet for setting up of joint venture in Fujairah Asian Paints is currently trading at Rs. 3156.40, up by 14.85 points or 0.47% from its previous closing of Rs. 3141.55 on the BSE. The scrip opened at Rs. 3136.30 and has touched a high and low of Rs. 3159.00 and Rs. 3118.20 respectively. So far 6541 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3590.00 on 28-Sep-2022 and a 52 week low of Rs. 2560.25 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Asian Paints gains on entering into binding term sheet for setting up of joint venture in Fujairah
Asian Paints gains on entering into binding term sheet for setting up of joint venture in Fujairah
Source: Accord Fintech
21/10/2022 10:16:39 AM
UAE-India joint investment task force reviews key areas of cooperation Commerce Minister Piyush Goyal on Tuesday co-chaired the 10th meeting of the UAE-India joint task force on investments in Mumbai, along with Sheikh Hamed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi. Discussions took place on ways of enhancing bilateral investments in key sectors like food security, manufacturing, infrastructure, energy and technology. In this context, it was agreed that the concerned authorities in both countries will explore establi...
UAE-India joint investment task force reviews key areas of cooperation
UAE-India joint investment task force reviews key areas of cooperation
Source: IANS
11/10/2022 11:29:15 AM
Over 200 Indian ICT companies, startups showcasing futuristic technology at GITEX 2022 More than 200 Indian ICT (information and communications technology) companies and startups are participating in "GITEX GLOBAL 2022" which is being held between October 10 and 14 in Dubai. The Electronics and Computer Software Export Promotion Council (ESC) is once again ensuring Indian participation in a big way at the international technology show. Aman Puri, Consul General of India in Dubai inaugurated India Pavilion at GITEX on Monday. On the occasion, Puri said, "Thi...
Over 200 Indian ICT companies, startups showcasing futuristic technology at GITEX 2022
Over 200 Indian ICT companies, startups showcasing futuristic technology at GITEX 2022
Source: IANS
11/10/2022 9:32:14 AM
India`s non-petroleum exports to UAE grew 14% The British pound has plunged to its lowest level against the US dollar since decimalisation in 1971, the media reported on Monday. During early Asia trade on Monday morning, the pound fell by more than 4 per cent to $1.0327 before regaining some ground to around $1.05, said the BBC report. Monday's slump came just two days after the British currency fell to a fresh 37-year low against the US dollar as investors worried that large-scale tax cuts announced by the government would bri...
India`s non-petroleum exports to UAE grew 14%
India`s non-petroleum exports to UAE grew 14%
Source: IANS
26/09/2022 9:10:18 AM