The United States’ becoming India’s largest trading partner is testament to the strengthening of bilateral ties between the two democracies, an Indian American Congressman said Tuesday. “The rapid growth of trade between the United States and India is a testament to the ties between our democracies growing stronger as our partnership increases both the prosperity [...]
Equity benchmark indices declined in initial trade on Wednesday, falling for the third day running, amid weak trends in IT counters and foreign fund outflows. Weak trends in global markets also added to the negative sentiments. The 30-share BSE Sensex fell 168.88 points to 59,558.13. The broader NSE Nifty declined 48.35 points to 17,611.80. Among [...]
The cultivation of rubber contributed to stamping out militancy and insurgency in the north eastern region of India and provided financial security to the people there, Minister of Commerce and Industry Piyush Goyal said on Tuesday. The Union Minister said that under the leadership of Prime Minister Narendra Modi, the Central government has been supporting [...]
The Bombay High Court on Tuesday rebuked the Serious Fraud Investigation Office (SFIO) for not completing its probe against Jet Airways founder Naresh Goyal and his wife in a case of an alleged Rs 7,000 crore fraud. A division bench of Justices Revati Mohite Dere and Sharmila Deshmukh expressed displeasure about the tardy pace of [...]
India's overall gem and jewellery exports grew marginally by 2.48 per cent to Rs 3,00,462.52 crore (USD 37,468.66 million) in 2022-23 due to global challenges like inflation, the Russia-Ukraine war and the lockdown in China for almost six months, GJEPC said on Tuesday. The total gem and jewellery exports during 2021-22 stood at Rs 2,93,193.19 [...]
Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers' body FADA. Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on [...]
Benchmark equity indices Sensex and Nifty closed lower for a second day on Tuesday as investors remained cautious amid disappointing earnings from IT majors TCS and Infosys. Fall in index major Reliance Industries, HDFC Bank and ICICI Bank and fresh foreign fund outflows also dented sentiment. Reversing its early gains, the 30-share BSE Sensex fell [...]
India's sugar production fell 6 per cent to 311 lakh tonnes till April 15 of the 2022-23 marketing year ending September, mainly due to lower output in Maharashtra, according to industry body ISMA. The sugar marketing year runs from October to September. Sugar output stood at 328.7 lakh tonnes in the corresponding period of the [...]
Healthy investments, innovation and integration with value chains will help India's textiles and apparel sector to register healthy growth in manufacturing and exports, AEPC said on Tuesday. Newly appointed secretary general of the Apparel Export Promotion Council (AEPC) Mithileshwar Thakur said the focus should be on building scale, skill and technology besides diversification of products [...]
The Centre has asked states and Union territories to take steps to mitigate the adverse effects of extreme hot weather on workers in different sectors. "Ministry of Labour and Employment has asked all States and UTs to ensure preparedness and effective management of the impact of ensuing heat wave conditions on workers and labourers working [...]
