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2 hours ago
Alleged North Korean agent arrested in Australia

Canberra, Dec 17 (IANS) A 59-year-old man from Sydney has been arrested for allegedly acting as an economic agent of North Korea, the Australian Federal Police said on Sunday. The man, identified as Chan Han Choi, has been charged with brokering sales and discussing the supply of weapons of mass destruction, Efe news agency reported quoting a police statement. Chan, who is a natu...

4 hours ago
Alleged North Korean agent arrested in Australia

Canberra, Dec 17 (IANS) A 59-year-old man from Sydney has been arrested for allegedly acting as an economic agent of North Korea, the Australian Federal Police said on Sunday. The man, identified as Chan Han Choi, has been charged with brokering sales and discussing the supply of weapons of mass destruction, Efe news agency reported quoting a police statement. Chan, who is a natu...

12 hours ago
Outcome of Gujarat elections to guide equity markets

Mumbai, Dec 17 (IANS) The outcome of the Gujarat assembly elections, along with the announcement on implementing the e-way bill and global cues -- especially the US tax reforms -- are expected to drive sentiments in the key domestic equity indices in the coming week. Market analysts observed that cues from Parliament's winter session, coupled with the direction of foreign fund flows and ...

1 day ago
NIC to develop network for e-way bill system

Bengaluru, Dec 16 (IANS) The state-run National Informatics Centre (NIC) will develop a network to implement the e-way bill system from February 1 next, Bihar Deputy Chief Minister Sushil Kumar Modi said on Saturday. The NIC will launch a trial version of the e-way bill system from January 15. The NIC has been assigned to implement the network for the e-way bill system. It will d...

1 day ago
Indian company to make thermal imaging devices with Chinese collaboration

Mumbai, Dec 16 (IANS) The stage is set for an Indian company to manufacture microbolometers or Uncooled Sensors enabling thermal imaging and night vision products with Chinese collaboration, a company official said here on Saturday. The Mumbai-based Systems 4 Evera (S4E) on Saturday signed a deal with China's Dali for technology transfer and manufacture of these devices which have widesp...

2 days ago
Engineering goods push exports higher to $26 bn in November

New Delhi, Dec 15 (IANS) Healthy off-take of India's engineering and petroleum products pushed exports higher to $26.19 billion in November, from $23 billion in October and $20.06 billion during the corresponding month of last year, official data showed on Friday, even as the country's strength in services was reflected in their higher exports continuing in October. According to the Min...

2 days ago
Engineering goods push exports higher to $26 bn in November

New Delhi, Dec 15 (IANS) Healthy off-take of India's engineering and petroleum products pushed exports higher to $26.19 billion in November from $23 billion in October and $20.06 billion during the corresponding month of last year, official data showed on Friday. According to the Ministry of Commerce and Industry, exports during last month exhibited a growth of 30.55 per cent on a year-o...

2 days ago
Exports rise to $26 bn in November

New Delhi, Dec 15 (IANS) India's exports grew to $26.19 billion in November from $23 billion in October and $20.06 billion during the corresponding month of last year, official data showed on Friday. According to the Ministry of Commerce and Industry, exports during last month exhibited a growth of 30.55 per cent on a year-on-year (Y-o-Y) basis. Exports during November 2017 have ...

2 days ago
'Goa exported 17.64mn tonnes iron ore in two years'

Panaji, Dec 15 (IANS) While 32.29 million tonnes of iron ore was extracted from the 44 operational mining leases in Goa over the last two years, only 17.64 million was exported during the period, Chief Minister Manohar Parrikar told the state legislative assembly on Friday. Parrikar, who is also the Goa's mines minister, said that leases of several mines were not being operated by their ...

3 days ago
Honeywell Tech Solutions to develop more products for India

Hyderabad, Dec 14 (IANS) Honeywell Technology Solutions' focus will be on India for India portfolio to develop more products for the domestic market, a senior company official said on Thursday. We are developing products that are smarter and connected and this gives us a huge opportunity. We are in leading position to be really a big player, said Honeywell Technology Solutions, India, Vi...

4 days ago
Rise in imports widens India's Q2 CAD to $7.2 bn

Mumbai, Dec 13 (IANS) An exponential rise in merchandise imports widened India's current account deficit (CAD) to $7.2 billion or 1.2 per cent of the GDP in the second quarter of 2017-18, from $3.4 billion reported in the corresponding period in 2016-17. However, on a sequential basis, the Q2 CAD narrowed down sharply from $15 billion reported for the preceding quarter, the Reserve Bank ...

4 days ago
Developing nations in Asia to grow at 6% in 2017: ADB

Manila, Dec 13 (IANS) The economies of developing countries of Asia are expected to record a six per cent growth in 2017, a decimal higher than the September-forecast, the Asian Development Bank said on Wednesday. The bank, headquartered here in the Philippines, kept the 2018 GDP growth forecast at 5.8 per cent and attributed the elevated forecast for 2017 to stronger exports and domesti...

5 days ago
India Inc. downcast with inflation, industrial data

New Delhi, Dec 12 (IANS) India Inc. on Tuesday expressed concern over a sharp rise in India's annual retail inflation in November, even as factory output growth in October contracted. According to industry body Assocham, manufacturing activity slowed in October as inflows of new orders stagnated, even as the negative effects of the Goods and Services Tax (GST) continued to dampen demand ...

5 days ago
Srei, Russian development bank deal on $200 mn innovation fund

Moscow, Dec 12 (IANS) Russia's state-run Vnesheconombank (VEB) and Kolkata-based Srei Infrastructure Finance have agreed on the operational terms for setting up an IT and innovation fund with a corpus of $200 million, the Russian development bank announced on Tuesday. The parties have already started to identify projects for the fund's pipeline, which will include projects of Russian inn...

5 days ago
Manipur pays homage to women freedom fighters

Imphal, Dec 12 (IANS) The Manipur government and the people on Tuesday marked the Women's War Day and paid homage to the women activists who had launched a crusade against the oppressive British administration in 1939. Every December 12 is observed as the Women's War Day in the state to remember the brave women who fought the then rulers to stop rice exports. The main function t...

6 days ago
Passenger cars sales up 4% in November

New Delhi, Dec 11 (IANS) Domestic sales of passenger cars rose by 4.49 per cent in November, as compared to the same period in 2016, industry data showed on Monday. According to the Society of Indian Automobile Manufacturers (SIAM), 181,395 units of passenger cars were sold during the month under review, up from 173,607 units in November 2016. Besides passenger cars sales, the of...

9 days ago
India losing comparative advantage in leading export sectors

In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the five-year foreign trade policy (FTP) that was rolled out in 2015 and aimed at increasing the export of goods and services to $900 billion by 2020. Exports, meanwhile, declined from $468 billion to $437 billion between 2014-15 and 2016-17. In ...

11 days ago
Commerce Ministry to tweak guidelines for future orientation of Tea Board

Kolkata, Dec 6 (IANS) The Union Commerce Ministry has thought of tweaking the guidelines relating to the future orientation of Tea Board India which is presently more of a subsidy disbursement organisation, an official said. We keep hearing the thoughts of the future orientation of Tea Board. I personally feel that now we have entered a time when Tea Board has to move away from being a s...

12 days ago
Revised trade policy factors in GST, grants more incentives for exporters

New Delhi, Dec 5 (IANS) The mid-term review of India's Foreign Trade Policy (FTP) factoring in the impact of GST was unveiled by the government on Tuesday, granting additional Rs 8,450-crore incentives for exporters in yet another move to boost trade and create employment. Releasing the FTP 2015-20 mid-term review, originally slated for issue earlier in July, Commerce Minister Suresh Pra...

12 days ago
India Inc welcomes revised FTP, increase in export promotion incentives

New Delhi/Mumbai, Dec 5 (IANS) India Inc. on Tuesday welcomed the increase in various export promotion schemes in the review of Foreign Trade Policy (FTP) which led to an exponential increase in various export promotion schemes. According to industry body Ficci's Secretary General Sanjaya Baru: Mid-term review of the FTP 2015-20 contains several positive features. Ficci is happy to see a...

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