TVS Motor Co has launched a unique bike that could play a part in reducing India’s dependence on oil imports — a two-wheeler that runs on ethanol produced from plants instead of petrol. The TVS Apache RTR 200 Fi E100 has been priced at Rs 1.2 lakhs ex-showroom, and will be available in Maharashtra, Uttar […]
India’s merchandise imports continued to grow at a blazing pace, widening the gap between the foreign exchange that the country earns from its exports and the money that it has to shell out for its imports. Imports for May rose by 33% compared to a year ago, resulting in a doubling of India’s trade gap […]
The industry has welcomed the move by the government led by Narendra Modi to extend support to the made-ups export industry and said it would help the sector break out of its current slump. The cabinet had yesterday included the made-ups sector in the Rs 6,000-cr apparel package unveiled in June this year. Made-ups include […]
The amount realised through the 5th Tranche of Sovereign Gold Bond (SGB) Scheme, is expected to cross Rs. 820 crore, the ministry of finance said. This was mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold. “These numbers are likely to go-up further as the receiving offices are still in the process […]
India’s attractiveness for manufacturers is growing due to availability of low-cost labor, said an ASSOCHAM-EY joint study. ¨Rising manufacturing costs in China and Taiwan are compelling manufacturers to shift their manufacturing base to alternate markets. In 2014, the average manufacturing labor cost per hour in India was US$0.92 as compared to US$3.52 of China,¨ said […]
In the midst of debate on the impact of slowdown in the Chinese economy on rest of the world, India’s engineering exports have started witnessing a negative fallout with a drop of 36 per cent in export of non-ferrous metals to China in June, 2015, an analysis by the EEPC India has shown. Exports of […]
All India Gems and Jewellery Federation (GJF), the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has urged the Union Finance Minister Arun Jaitley to avoid re-imposing curbs on gold imports as it could spell doom for the gems and jewellery sector. The GJF […]
Crisil Research has cut its forecast for current account deficit this financial year to $32 bln, or 1.55 of GDP, from $47 bln, or 2.2% of GDP, due to the sudden fall in oil prices. A country’s dealings with the rest of the world is divided into the current account and the capital account. Current […]
India would need to undertake massive investments and upgrades at its seaports to handle future traffic, a study by Assocham found. Growing at a compounded annual growth rate (CAGR) of over eight per cent, the seaborne trade in India may cross 830 million tonnes (mt) mark by 2016-17, apex industry body ASSOCHAM said today. “This […]
India’s exports and imports are both starting to show a pick up as economic conditions improve, Crisil Research said. The research agency’s comments came after data for August showed that India’s trade deficit fell to 4-month low of $10.8 billion due to a 15% y-o-y decline in oil imports. Lower oil imports were driven by […]
