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India launches probe to determine `safeguard duty` on steel as imports surge India has launched an investigation to consider if it should impose a safeguard duty or a temporary tax to curtail unbridled steel imports, according to a government notice on Friday. The probe comes after Indian Steel Association, which represents top steelmakers such as ArcelorMittal Nippon Steel India Ltd, JSW Steel Ltd, Jindal Steel and Power, filed a petition to initiate an investigation concerning imports of "Non-Alloy and Alloy Steel Flat Products" into India. India'...
India launches probe to determine `safeguard duty` on steel as imports surge
India launches probe to determine `safeguard duty` on steel as imports surge
Source: Reuters
2024-12-21 10:59:37 am
India steel imports from China hit record high, data shows  India's finished steel imports from China reached an all-time high during the first eight months of the fiscal year to March 2025, provisional government data showed, adding to concerns among domestic mills about cheap shipments from China. Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period. India shipped in 6.5 million metric tons of finished steel, a 26.6% increase year-...
India steel imports from China hit record high, data shows
India steel imports from China hit record high, data shows
Source: Reuters
2024-12-21 10:30:48 am
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory India's finished steel imports from China reached a record high in the first eight months of FY25, with 1.96 million metric tons shipped, a 22.8% increase year-on-year. Overall, steel imports rose 26.6%, hitting an eight-year high, with China, Japan, and South Korea accounting for 79% of total imports. The surge has impacted India's smaller mills, forcing operational cuts, as New Delhi considers safeguard duties to curb the influx. While India's steel demand remains strong, driven...
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 03:21:39 pm
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory In November 2024, China's soybean imports from Brazil fell 25% year-on-year, while U.S. shipments surged as concerns over trade tensions influenced buying decisions. China imported 2.79 million tons of U.S. soybeans, an increase from 2.29 million tons last year. Despite a decline in Brazilian imports, they still accounted for the majority at 3.94 million tons. Argentina saw a significant rise in shipments with 242,227 tons, up from 54,214 tons in November 2023. For the 11 months of 2024, ...
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:57:29 pm
India`s coal imports dip as domestic production rises  India's coal imports declined by 3.1 per cent to 149.39 million tonnes (MT) during April-October period of FY 2024-25 from 154.17 MT in the same period of the previous year due to the increase in domestic production, according to an official statement issued on Thursday.  Additionally, the Non-Regulated Sector (other than power) witnessed a more significant drop of 8.8 per cent, during April-October 2024 as compared to the same period of last year. Despite possessing the ...
India`s coal imports dip as domestic production rises
India`s coal imports dip as domestic production rises
Source: IANS
2024-12-19 06:05:31 pm
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory India’s oilmeals export saw a 7.15% decline in the first eight months of 2024-25, reaching 27.51 lakh tonnes compared to 29.64 lakh tonnes in the same period of 2023-24. The decline is attributed to reduced exports of rapeseed and castorseed meal, while competition from global soyabean meal markets intensifies. Key Highlights * Oilmeals export down 7.15% during April-November 2024-25. * Rapeseed meal export declined to 13.21 lakh tonnes (16.07 lakh tonnes in 2023-24). * Soya...
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory
Source: Kedia advisory
2024-12-19 12:37:22 pm
India re-examining record Nov gold imports, sources say The Indian government is re-examining a surge in gold imports that widened the country's trade deficit to a record in November and pushed the rupee to an all-time low, two government sources aware of the matter told Reuters. Bloomberg News reported earlier that officials double-counted gold shipments in warehouses following a change in methodology in July, leading to a calculation error. India's Directorate General of Commercial Intelligence and Statistics (DGCIS) has taken up a...
India re-examining record Nov gold imports, sources say
India re-examining record Nov gold imports, sources say
Source: Reuters
2024-12-19 09:03:23 am
Indian mills can export up to 2 million tons of sugar this season, industry says  India's sugar mills can easily export up to 2 million metric tons of the sweetener this season as domestic supply prospects improve and local prices show a downward trend, the head of a leading industry body said on Wednesday. "The supply situation looks better than initially expected, which is why the government should allow mills to export at least a million or a couple of million tons of sugar," Deepak Ballani, director general of the Indian Sugar Mills Association, ...
Indian mills can export up to 2 million tons of sugar this season, industry says
Indian mills can export up to 2 million tons of sugar this season, industry says
Source: Reuters
2024-12-18 06:24:55 pm
Surging gold imports threaten India's trade balance; government should take urgent action: GTRI The Global Trade Research Initiative (GTRI) has said that India's gold imports have surged alarmingly, posing a potential threat to its trade balance and economic stability, and the government should take action to address this issue. According to commerce ministry data, the country's gold imports in November 2024 reached a record high of $14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands. Gold imports stood at $3.44 billion in November...
Surging gold imports threaten India's trade balance; government should take urgent action: GTRI
Surging gold imports threaten India's trade balance; government should take urgent action: GTRI
Source: Accord Fintech
2024-12-18 12:12:20 pm
India`s merchandise exports dip by 4.85% in November The commerce ministry in its latest data has showed that India's merchandise exports dipped by 4.85 per cent to $32.11 billion in November 2024 against $33.75 billion a year ago. India's merchandise exports had increased by 17.25 per cent to $39.2 billion in October this year. Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month. The trade deficit, or the gap between imports and exports, widened to $37.84 billion during the mo...
India`s merchandise exports dip by 4.85% in November
India`s merchandise exports dip by 4.85% in November
Source: Accord Fintech
2024-12-17 11:26:01 am
India`s total exports rise to $67.8 billion in November India's total exports (merchandise and services combined) during November 2024 are estimated at $67.79 billion, registering a growth of 9.59 per cent vis-a-vis November 2023, the Commerce and Industry Ministry announced on Monday.   The cumulative value of merchandise exports during April-November 2024 was $284.31 billion, as compared to $278.26 billion during April-November 2023, registering a positive growth of 2.17 per cent. However, merchandise exports during November 2024 ...
India`s total exports rise to $67.8 billion in November
India`s total exports rise to $67.8 billion in November
Source: IANS
2024-12-17 08:49:30 am
India`s Record Rice Stocks Surge, Boosting Export Opportunities by Amit Gupta, Kedia Advisory India’s rice inventories reached a record 44.1 million metric tons on December 1, exceeding the government’s target by more than five times. The surplus is attributed to a bumper summer rice crop of 120 million tons, driven by ample monsoon rains and expanded planting areas. With export restrictions on most grades lifted, India, the world's largest rice exporter, is poised to increase overseas shipments without risking domestic supplies. However, overflowing grain bins raise s...
India`s Record Rice Stocks Surge, Boosting Export Opportunities by Amit Gupta, Kedia Advisory
India`s Record Rice Stocks Surge, Boosting Export Opportunities by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-16 03:44:21 pm
India sees over 90 pc rise in smartphone exports in Nov, Apple India has seen a record smartphone exports in November this year, surpassing the Rs 20,000 crore mark for the first time in a month, which was led by Apple.  According to industry data, smartphone exports crossed Rs 20,300 crore, a more than 90 per cent rise from the same period last year. Apple led the exports last month, followed by Samsung. In November last year, the smartphone exports from the country was over Rs 10,600 crore, as per the industry data. The smartphone market ...
India sees over 90 pc rise in smartphone exports in Nov, Apple
India sees over 90 pc rise in smartphone exports in Nov, Apple
Source: IANS
2024-12-16 10:18:09 am
South Korean chip exports face growing competition from China, Malaysia South Korea's semiconductor exports face growing threats from China, Taiwan and Malaysia amid intensifying global competition in advanced industries, an industry report showed on Monday.  The report from the Korea Trade-Investment Promotion Agency, better known as KOTRA, on the export similarity index (ESI) for semiconductors showed China as being South Korea's top competitor in the sector, with an ESI score of 72.2 in the third quarter of the year. Taiwan's ESI with So...
South Korean chip exports face growing competition from China, Malaysia
South Korean chip exports face growing competition from China, Malaysia
Source: IANS
2024-12-16 10:01:03 am
Bangladesh`s forex reserves dip to $18.61 bn Bangladesh's foreign exchange reserves fell by 1.23 billion U.S. dollars to 18.61 billion dollars by the end of November 2024, the latest central bank data showed. The Bangladesh Bank data showed the country's foreign exchange reserves stood at 18,611.40 million dollars on Nov. 28, the last working day of the month, according to the International Monetary Fund (IMF) calculation method, Xinhua news agency reported. The central bank, however, said gross reserves were 24.35 billion...
Bangladesh`s forex reserves dip to $18.61 bn
Bangladesh`s forex reserves dip to $18.61 bn
Source: IANS
2024-12-16 09:03:51 am
Semiconductor plants to reduce dependency on imports, create jobs for youth in India: C.R. Patil  While Surat has long been known for its textile, diamond and solar panel industry, the city will now be also known for the semiconductor industry, Union Jal Shakti Minister C.R. Patil said on Sunday.  He said this while inaugurating the Suchi Semicon, a Gujarat-based semiconductor company’s first Outsourced Semiconductor Assembly and Testing (OSAT) plant in Surat. "India is on a transformative path towards becoming a global technology hub, and initiatives like the ...
Semiconductor plants to reduce dependency on imports, create jobs for youth in India: C.R. Patil
Semiconductor plants to reduce dependency on imports, create jobs for youth in India: C.R. Patil
Source: IANS
2024-12-16 08:49:42 am
US accounts for 18 per cent of Indian exports in FY24 The US accounted for 18 per cent of India's total exports in the financial year (FY) 24, as the country's exports to the world's largest economy continuously increased, a report said.  Bank of Baroda's report said that India's exports to the US are growing steadily. Its value was $77.5 billion in FY24. India's exports to the US have been growing at a compound annual growth rate (CAGR) of 10.3 per cent over the last 30 years. According to the report, the grow...
US accounts for 18 per cent of Indian exports in FY24
US accounts for 18 per cent of Indian exports in FY24
Source: IANS
2024-12-15 01:59:26 pm
India to decide soon whether to curb steelmaking raw material imports, source says  India will reach a decision soon on whether to impose import restrictions on metallurgical coke, a key ingredient in steelmaking, a source with direct knowledge of the matter told Reuters. India, the world's second-largest producer of crude steel, proposed a plan in April to protect local suppliers of low-ash metallurgical coke by imposing country-specific quotas to limit annual imports to 2.85 million metric tons for one year. Leading steelmakers such as JSW Steel and Arcelor...
India to decide soon whether to curb steelmaking raw material imports, source says
India to decide soon whether to curb steelmaking raw material imports, source says
Source: Reuters
2024-12-12 04:18:46 pm
India considers `safeguard` duty on steel, minister says  India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, H.D. Kumaraswamy, said on Thursday, as it attempts to rein in a flood of cheap imports from China. The world's second-biggest producer of crude steel, India became a net importer of the alloy in the fiscal year to March 31, with imports surging to a seven-year high during the first seven months of the current financial year. The ministry has sought imposition of 25% ...
India considers `safeguard` duty on steel, minister says
India considers `safeguard` duty on steel, minister says
Source: Reuters
2024-12-12 03:41:58 pm
India`s tea exports clock double digit growth during April-September India’s tea exports increased by 13.18 per cent in value to Rs 3,403.64 crore during the first half of the current financial year (April-September) from Rs 3,007.19 crore during the same period of the previous year, according to the latest data compiled by the Tea Board.  In volume terms, tea exports went up by 8.67 per cent to 122.55 million kg during this period compared with 112.77 million kg last year. India exports tea to more than 25 countries throughout the world. UAE,...
India`s tea exports clock double digit growth during April-September
India`s tea exports clock double digit growth during April-September
Source: IANS
2024-12-11 12:53:00 pm
2024/25 U.S. Wheat Outlook: Larger Supplies, Higher Exports, Lower Stocks by Amit Gupta, Kedia Advisory The 2024/25 U.S. wheat outlook forecasts slightly larger supplies, unchanged domestic use, and increased exports, leading to lower ending stocks. The U.S. wheat exports are raised by 25 million bushels to 850 million, with strong sales of white wheat to East Asia. Wheat imports are increased by 5 million bushels to 125 million, driven by a solid pace for Hard Red Spring wheat. Despite the increase in exports, projected ending stocks are reduced by 20 million bushels to 795 million bushels. Gl...
2024/25 U.S. Wheat Outlook: Larger Supplies, Higher Exports, Lower Stocks by Amit Gupta, Kedia Advisory
2024/25 U.S. Wheat Outlook: Larger Supplies, Higher Exports, Lower Stocks by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-11 10:59:53 am
U.S. Oilseed Production Forecast for 2024/25 by Amit Gupta, Kedia Advisory The 2024/25 U.S. oilseed production forecast stands at 131.2 million tons, with a slight increase due to higher cottonseed production. Soybean supply and usage projections remain stable, while soybean oil production rises due to a higher extraction rate. Export projections for soybean oil are raised by 500 million pounds, reaching 1.1 billion pounds, supported by strong export commitments. Global oilseed production is also up, driven by a higher soybean production forecast, especially for Arg...
U.S. Oilseed Production Forecast for 2024/25 by Amit Gupta, Kedia Advisory
U.S. Oilseed Production Forecast for 2024/25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-11 10:56:01 am
India`s Sugar Output Set to Hit Record, Boosting Exports by Amit Gupta, Kedia Advisory India is poised to achieve record sugar production in the next marketing year, supported by increased cane cultivation and favorable water availability in key regions. After two years of export restrictions due to drought, the rebound may allow the world's second-largest producer to resume exports in 2025/26. Farmers have shifted to sugarcane due to poor returns from alternative crops like soybeans and cotton. Favorable weather conditions and ample rainfall have driven the expansion of cu...
India`s Sugar Output Set to Hit Record, Boosting Exports by Amit Gupta, Kedia Advisory
India`s Sugar Output Set to Hit Record, Boosting Exports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 04:29:48 pm
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory China's exports grew 6.7% in November, missing forecasts, while imports unexpectedly fell by 3.9%, signaling growing trade challenges. U.S. President-elect Donald Trump’s pledge to impose new tariffs on Chinese goods and unresolved EU-China disputes over electric vehicle tariffs heighten risks for China’s export-driven economy. Meanwhile, South Korea’s declining exports to China reflect weak demand for components. The trade surplus rose to $97.44 billion, slightly up fro...
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:31:56 pm
Sarveshwar Foods climbs on securing export order to supply 5,350 MT of Basmati Rice Sarveshwar Foods is currently trading at Rs. 10.94, up by 0.65 points or 6.32% from its previous closing of Rs. 10.29 on the BSE. The scrip opened at Rs. 10.52 and has touched a high and low of Rs. 11.28 and Rs. 10.42 respectively. So far 6193534 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.73 on 28-Feb-2024 and a 52 week low of Rs. 4.50 on 08-Dec-2023. Last one week high and low of the scrip stood at Rs. ...
Sarveshwar Foods climbs on securing export order to supply 5,350 MT of Basmati Rice
Sarveshwar Foods climbs on securing export order to supply 5,350 MT of Basmati Rice
Source: Accord Fintech
2024-12-09 04:01:18 pm
Adani Krishnapatnam Port gets government`s nod for importing petroleum till March 1, 2026 The Ministry of Ports, Shipping and Waterways has extended the permission given to the Adani Group’s Krishnapatnam Port in Andhra Pradesh for importing petroleum through the sea route till March 1, 2026.  The government order states that the Central Government “in consideration of the necessity to import petroleum in public interest, hereby extends the notification for Krishnapatnam Port (Adani Krishnpatnam Port Ltd) in Andhra Pradesh for importing petroleum into India by ...
Adani Krishnapatnam Port gets government`s nod for importing petroleum till March 1, 2026
Adani Krishnapatnam Port gets government`s nod for importing petroleum till March 1, 2026
Source: IANS
2024-12-09 01:53:20 pm
India`s hardware exports poised for robust growth: FIEO chief  India is poised for significant growth in hardware exports after recording a remarkable 15 per cent year-on-year growth in 2023 reflecting the country's strengthening foothold in the global market, Ashwani Kumar, President, Federation of Indian Export Organisations (FIEO) has said.  He made the remark while addressing the International Hardware Fair at Pragati Maidan in the national capital. Over 250 exhibitors and 10,000 trade visitors from 35 countries are participating...
India`s hardware exports poised for robust growth: FIEO chief
India`s hardware exports poised for robust growth: FIEO chief
Source: IANS
2024-12-08 12:14:01 pm
India clocks impressive 67 pc growth in total exports in 10 years As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 — a whopping 67 per cent growth.  India’s share in world merchandise exports also improved from 1.66 per cent to 1.81 per cent, with the country advancing in rankings from 20th to 17th position, Union Minister of Commerce and Industry, Piyush Goyal, responded to a Parliamentary query. ...
India clocks impressive 67 pc growth in total exports in 10 years
India clocks impressive 67 pc growth in total exports in 10 years
Source: IANS
2024-12-07 10:55:13 am
Brazil Sets New Milestone in Cotton Production and Exports by Amit Gupta, Kedia Advisory Brazil has achieved a historic milestone by surpassing the United States in cotton production and exports for the first time. In Marketing Year (MY) 2024/25, Brazil's cotton planted area reached a record 1.97 million hectares, driven by favorable prices and reduced production costs. Cotton exports are forecasted at 12.6 million bales, supported by global demand and reduced Indian output. Despite lower yields due to weather challenges, production is estimated at 16.9 million bales, up 13% ...
Brazil Sets New Milestone in Cotton Production and Exports by Amit Gupta, Kedia Advisory
Brazil Sets New Milestone in Cotton Production and Exports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-07 10:53:05 am
India`s Tata Power prefers domestic market over lucrative solar exports, CEO says Tata Power's newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially. Tata Power, one of India's leading integrated power companies, has built a new solar module and cell manufacturing facility in Tamil Nadu state, with an investment of 43 billion rupees ($508 million), overlooking several wind turbines in the region. "...
India`s Tata Power prefers domestic market over lucrative solar exports, CEO says
India`s Tata Power prefers domestic market over lucrative solar exports, CEO says
Source: Reuters
2024-12-06 05:16:33 pm
FDI in India`s food processing sector reaches $368 million in April-Sep The food processing sector in India received foreign direct investment (FDI) worth $368.37 million this fiscal (till September), the Parliament was informed.  Country-wise, Ireland invested $83.84 million, Singapore $48.45 million, Mauritius $41.65 million and the United States, $38.60 million, informed Minister of State for Food Processing Industries, Ravneet Singh Bittu, in a written reply to the Lok Sabha. Other key countries are Australia at $20.18 million and Mexico $9.59 mill...
FDI in India`s food processing sector reaches $368 million in April-Sep
FDI in India`s food processing sector reaches $368 million in April-Sep
Source: IANS
2024-12-06 11:02:35 am
India`s rising coal production to keep global price in check India’s rising domestic production of thermal coal and the slowdown in the Chinese economy are expected to exert downward pressure on the price of fossil fuel in Asian markets during 2025, according to an S&P Global report released on Thursday.   India’s rising domestic supply and the government’s emphasis on reducing import dependency are likely to keep industrial purchases limited to the domestic market, the report states.   Vignesh Sundaram, a principa...
India`s rising coal production to keep global price in check
India`s rising coal production to keep global price in check
Source: IANS
2024-12-06 09:48:02 am
Donald Trump`s pledge to impose high tariffs to provide huge export opportunities for India: BVR Subrahmanyam Niti Aayog CEO BVR Subrahmanyam has said that US President-elect Donald Trump's pledge to impose high tariffs on three of its trading partners, including China will provide huge export opportunities for India and the domestic industry should prepare itself to tap into that. Recently, Trump vowed to introduce 25 per cent tariffs (or customs duty) on imports from Mexico and Canada and an additional 10 per cent on China.  Subrahmanyam said there is going to be huge disruptions becaus...
Donald Trump`s pledge to impose high tariffs to provide huge export opportunities for India: BVR Subrahmanyam
Donald Trump`s pledge to impose high tariffs to provide huge export opportunities for India: BVR Subrahmanyam
Source: Accord Fintech
2024-12-05 03:18:21 pm
Sprayking gains as its arm secures export order for brass billets Sprayking is currently trading at Rs. 11.42, up by 0.06 points or 0.53% from its previous closing of Rs. 11.36 on the BSE. The scrip opened at Rs. 11.50 and has touched a high and low of Rs. 11.55 and Rs. 11.40 respectively. So far 52360 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.02 on 08-Feb-2024 and a 52 week low of Rs. 11.11 on 03-Dec-2024. Last one week high and low of the scrip stood at Rs. 11.63 an...
Sprayking gains as its arm secures export order for brass billets
Sprayking gains as its arm secures export order for brass billets
Source: Accord Fintech
2024-12-05 10:42:58 am
Kenya lifts ban on export of raw macadamia  Kenya on Wednesday allowed the sale and export of raw macadamia nuts for a period of 30 days, lifting a ban that was imposed early last month.  Andrew Karanja, cabinet secretary in the Ministry of Agriculture and Livestock Development, said that officials from the Agriculture and Food Authority, which regulates the crop sector, have found that there are macadamia stocks held by various licensed processors and exporters that require urgent sale, Xinhua news agency reported. &q...
Kenya lifts ban on export of raw macadamia
Kenya lifts ban on export of raw macadamia
Source: IANS
2024-12-05 09:47:43 am
India`s trade grew 5.45 pc in H1 2024 to $576 billion: NITI Aayog    India’s trade performance demonstrated stability and moderate growth during the first quarter of the current financial year, according to a NITI Aayog Trade Watch report released on Wednesday.  The publication offers a holistic snapshot of India’s trade position, combining global demand-supply perspectives, sectoral performance, and insights into emerging trade opportunities. Merchandise exports showed restrained growth, influenced by declines in critica...
India`s trade grew 5.45 pc in H1 2024 to $576 billion: NITI Aayog
India`s trade grew 5.45 pc in H1 2024 to $576 billion: NITI Aayog
Source: IANS
2024-12-04 05:10:28 pm
India among world’s top 10 exporters of high-value products India has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top ten global suppliers, in export values exceeding $1 billion in 2023, according to figures released by the Commerce and Industry Ministry on Tuesday.   “From dominating the global market in precious stones to making inroads in advanced sectors like semiconductors and electrical components, India’s export performance reflects the ...
India among world’s top 10 exporters of high-value products
India among world’s top 10 exporters of high-value products
Source: IANS
2024-12-03 02:00:47 pm
Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik  The Ministry of Ayush has witnessed a transformative journey over the last decade, with the Ayush market growing exponentially -- from $2.85 billion in 2014 to $43.4 billion in 2023, said Union Minister Shripad Yesso Naik on Monday. With exports doubling from $1.09 billion to $2.16 billion, he noted that the country has positioned itself as a global leader in traditional medicine. Since its inception in 2014, the Ayush Ministry has driven significant advancements in public health,...
Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik
Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik
Source: IANS
2024-12-03 09:13:52 am
India`s organic food products export reaches $448 mn, set to surpass last year`s figures  India's organic food products export reached $447.73 million in the first eight months of this fiscal (FY25), and are set to surpass last year's export figures, the Parliament was informed on Monday.   In the current financial year, the total amount of organic food product exports reached 263,050 metric tonnes (MT) till November 25 and the export of organic food products stood at $494.80 million last fiscal (FY24), Union Minister of Food Processing Industries, Navneet Si...
India`s organic food products export reaches $448 mn, set to surpass last year`s figures
India`s organic food products export reaches $448 mn, set to surpass last year`s figures
Source: IANS
2024-12-02 05:14:42 pm
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory Asia's manufacturing sector showed signs of revival in November, driven by China's impressive factory activity growth, which hit a five-month high. The Caixin PMI rose to 51.5, reflecting robust domestic and export orders fueled by Beijing's stimulus efforts. While China’s recovery bolstered production in South Korea and Taiwan, Japan's factory activity contracted, highlighting regional disparities. Risks such as potential trade tensions under a second Donald Trump presi...
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-02 11:24:44 am
South Korea to boost export of cooling equipment for data centres amid AI boom South Korea's industry minister said on Monday that the country plans to foster cooling equipment for data centres as one of its new export engines amid the growing demand for infrastructure to support the artificial intelligence (AI) boom.  Industry Minister Ahn Duk-geun made the remark during his visit to LG Electronics Inc.'s chiller production line in Pyeongtaek, some 60 kilometers south of Seoul, according to the Ministry of Trade, Industry and Energy. Chillers refer t...
South Korea to boost export of cooling equipment for data centres amid AI boom
South Korea to boost export of cooling equipment for data centres amid AI boom
Source: IANS
2024-12-02 09:36:49 am
South Korea`s exports grow for 14th month on record chip shipments  South Korea's exports extended on-year gains to the 14th straight month in November, data showed on Sunday, on the back of the strong performance of chips.  Outbound shipments rose 1.4 percent from a year earlier to US$56.3 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports shed 2.4 percent on-year to $50.7 billion, resulting in a trade surplus of $5.61 billion. South Korea has been maintaining a trade surplus for 18 ...
South Korea`s exports grow for 14th month on record chip shipments
South Korea`s exports grow for 14th month on record chip shipments
Source: IANS
2024-12-01 09:37:31 am
Tiger Logistics rises on renewing partnerships with three prominent PSUs Tiger Logistics (India) is currently trading at Rs. 71.40, up by 0.46 points or 0.65% from its previous closing of Rs. 70.94 on the BSE. The scrip opened at Rs. 71.90 and has touched a high and low of Rs. 71.99 and Rs. 70.35 respectively. So far 104630 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 87.00 on 12-Jan-2024 and a 52 week low of Rs. 31.99 on 23-Jul-2024. Last one week high and low of the scrip stood ...
Tiger Logistics rises on renewing partnerships with three prominent PSUs
Tiger Logistics rises on renewing partnerships with three prominent PSUs
Source: Accord Fintech
2024-11-29 11:37:05 am
South Korea`s bio-health exports up 22.5 pc in Q3 South Korea's exports of bio-health products jumped 22.5 per cent in the third quarter from a year earlier, data showed on Friday, driven by growing demand for pharmaceutical goods in European nations.  According to the Korea Health Industry Development Institute, outbound shipments of bio-health products, including pharmaceutical goods and cosmetics, amounted to $6.34 billion in the July-September period, compared with $5.17 billion recorded over the same period in 2023, Yonhap n...
South Korea`s bio-health exports up 22.5 pc in Q3
South Korea`s bio-health exports up 22.5 pc in Q3
Source: IANS
2024-11-29 11:03:04 am
Decline in steel prices to impact operating profitability of domestic primary steel producers: Crisil Ratings Crisil Ratings has said that the drop in the prices of steel will impact the operating profitability of primary steel producers in the domestic market. Early-stage steel produced from iron ore is referred as primary steel. It stated despite an increase in sales volume and lower cost pressures, mainly due to reduced coking coal prices, the operating profit margin will remain at 15-16 percent in the current financial year.  Crisil Ratings Director Ankit Hakhu said ‘Lower realisati...
Decline in steel prices to impact operating profitability of domestic primary steel producers: Crisil Ratings
Decline in steel prices to impact operating profitability of domestic primary steel producers: Crisil Ratings
Source: IANS
2024-11-29 10:40:01 am
Guidelines on India`s laptop import policy still being deliberated, trade minister says New guidelines on India's laptop import policy were still under deliberation, the trade minister said on Thursday. Reuters reported last month that India was set to limit imports of laptops, tablets and personal computers after January. "This is still under deliberation. It is being handled by the ministry of electronics and information technology," Trade Minister Piyush Goyal told reporters.
Guidelines on India`s laptop import policy still being deliberated, trade minister says
Guidelines on India`s laptop import policy still being deliberated, trade minister says
Source: Reuters
2024-11-28 01:46:49 pm
IPMA expresses concerns over rising imports of virgin fibre paperboard from countries like China, Chile Indian Paper Manufacturers Association (IPMA) has expressed concerns over rising imports of virgin fibre paperboard from countries like China and Chile. It said that below-cost shipments are hitting local producers and threatening their investments. It said that imports of virgin fibre paperboard (VFP), mainly used as packaging material for pharma, FMCG, and cosmetics products, have grown more than three-fold to 21,233 tonnes per month in the first six months of 2024-25 compared to the averag...
IPMA expresses concerns over rising imports of virgin fibre paperboard from countries like China, Chile
IPMA expresses concerns over rising imports of virgin fibre paperboard from countries like China, Chile
Source: Accord Fintech
2024-11-28 12:35:02 pm
India clocks double-digit surge in steel consumption amid global slowdown India is the only large economy showing robust growth in the consumption of steel with a double-digit jump of 13.5 per cent in the first half of 2024-25, according to a statement of the Ministry of Steel issued on Wednesday.  Even with a conservative demand growth of 10 per cent, the country will need 300 million tonnes of capacity by the year 2030 to cater to about 265 million tonnes of demand. If adequate domestic steel production capacity is not created, the country will become a n...
India clocks double-digit surge in steel consumption amid global slowdown
India clocks double-digit surge in steel consumption amid global slowdown
Source: IANS
2024-11-28 08:45:20 am