Trade

  • June trade deficit touches 11-month high at $11.76 billion 6 days ago

    New Delhi: The June trade deficit touched 11-month high to $ 11.76 billion against $ 11.23 billion (MoM) and $ 11.28 billion (Y-o-Y). Though the imports dipped slightly to $ 38.24 billion against $ 39.23 billion on a month on month basis, it grew 8.3 per cent on a year...
  • Competitors indulging in flesh trade leave Goa spas worried 1 week ago

    Panaji: Salon and spa owners in Goa are facing prospects of a shutdown due to increasing presence of dubious and unregistered competitors which are doubling up as prostitution dens in the state. "Unfortunately, salons and spas have become the favourite disguise for brothels and other illicit activities. The establishment of a...
  • BRICS sees Bali trade deal implemented despite India concern 1 week ago

    Fortaleza: The BRICS group of emerging market nations is confident a global trade reform pact will be implemented despite concerns by India over its food security, Brazil's trade minister said on Monday. "We are confident that the Bali agreement will be implemented by all," Brazilian Trade Minister Mauro Borges told reporters...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 2013-14, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 2013-14 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • Switzerland gets the edge on EU with China trade deal July 7, 2014

    Basel: Switzerland has one-upped its European Union neighbours with a free trade deal with China that its politicians and business sector say is crucial to boosting ties with the world's second-largest economy. The free trade agreement (FTA), in force since Tuesday, is China's first with a mainland European country and was...
  • Ukraine, EU sign historic trade and economic pact June 27, 2014

    Brussels: Ukraine's new president signed a trade and economic pact with the European Union on Friday, pushing his troubled country closer into a European orbit and angering Russia, which warned of unspecified consequences. A beaming Petro Poroshenko called it "maybe the most important day for my country" since independence from the...
  • Sensex ends flat, Nifty above 7500; TCS, Sun Pharma up 4 pc June 27, 2014

    Mumbai: Equity benchmarks closed flat amid consolidation on the first day of July series after one percent fall in last session of previous series. Healthcare, technology and fast moving consumer goods stocks supported the market whereas auto, metals, capital goods and select banks saw selling pressure. The Sensex rose 37.25 points...
  • Delhi, Mumbai top Indian cities in drug trade June 22, 2014

    New Delhi: Of the over 50 Indian cities which reported the maximum cases of drug trafficking in 2012, the national capital is at the second spot behind Mumbai while Punjab leads among states followed by Uttar Pradesh, indicates data from the National Crime Record Bureau (NCRB). Citing comprehensive data available for...
  • Rescued from Agra brothel, 6 girls from West Bengal sent to Nari Niketan June 20, 2014

    Six girls from West Bengal were rescued from a brothel in Agra, the police said on Friday. Acting on a complaint filed by a Mumbai NGO, Rescue Foundation, Senior Superintendent of Police Shalabh Mathur raided the brothel late Thursday. Police said combined forces from at least two police stations raided the Kashmiri...
  • Oil prices down in Asian trade June 17, 2014

    Singapore: Oil prices eased in Asian trade on Tuesday, but losses were limited as investors fret over a potential supply disruption due to the worsening sectarian violence in key crude producer Iraq. US benchmark West Texas Intermediate for July delivery fell 18 cents to $106.72 a barrel in mid-morning trade, while...
  • Government amending labour laws without consulting us: Trade Unions June 16, 2014

    Alleging that the workers and labourers' interests were not being safeguarded in Rajasthan, several trade unions on Monday said BJP government in the state was trying to amend labour and industrial laws without consulting them. "The labour laws are not being implemented properly causing a loss of wages, working hardships, and...
  • Sugar ends mixed in sluggish trade June 11, 2014

    Mumbai: Both the varieties of sugar prices showed a mixed pattern of trading at the Vashi wholesale market here due to alternate bouts of buying and selling amid sluggish off take from retail consumers. Medium sugar (M-30) was quoted at Rs 3,156/3,325. Small sugar (S-30) was quoted at Rs 3,022/3,172. Following are Wednesday's...
  • PM Modi scraps 4 Cabinet Committees including that on UIDAI Aadhaar June 10, 2014

    New Delhi: Sending out yet another loud and clear signal of his intent for "more governance, less government", Prime Minister Narendra Modi on Tuesday scrapped four Standing Committees of Cabinet. The Committees were on Management of Natural Calamities, Prices, World Trade Organisation Matters and UIDAI Aadhaar. Aadhaar was one of the...
  • India-China bilateral talks begin, border issue top agenda June 8, 2014

    New Delhi: The first round of bilateral talks between India and China after the Narendra Modi government took charge began on Sunday with the Chinese Foreign Minister calling upon Union External Affairs Minister Sushma Swaraj in New Delhi. Several outstanding issues including the boundary issue, stapled visas, as well as India's...
  • Rupee rises most in a fortnight, up 16 paise against US dollar to end at 59.17 June 6, 2014

    Mumbai: The rupee on Friday appreciated 16 paise, logging its biggest daily rise in a fortnight, to end at 59.17 against the US dollar on the back of a surge in local equities and hefty capital inflows. Dollar selling by exporters also aided the rupee rise while the dollar index was...
  • Eight girls rescued from flesh trade in Chennai June 3, 2014

    Chennai: Eight girls who were allegedly forced into flesh trade through massage parlours were rescued and two persons arrested in this connection, police said on Tuesday. Acting on a tip off, police arrested Banu, owner of a massage parlour for allegedly running sex trade in an apartment in Anna Nagar. The...
  • Pentagon official to lead defence trade dialogue with India May 31, 2014

    Washington: A senior Pentagon official has been appointed to lead the defence trade initiative dialogue with India, US Defence Secretary Chuck Hagel said on Saturday. "To further strengthen US-India defence ties, I am directing the Pentagon's Undersecretary for Acquisition, Technology, and Logistics (Frank Kendall) to lead the US-India Defence Trade and...
  • Punjab: SAD cracksdown on drug trade, Congress calls it an eyewash May 29, 2014

    Chandigarh: After their dismal performance in the Lok Sabha polls, the Shiromani Akali Dal-led government in Punjab has initiated a crackdown on the drug trade in the state. More than 1,000 cases have been registered in Punjab in the last 10 days alone. Known for being a hub for the...
  • Indo-Pak trade issues to figure in Modi-Sharif talks on Tuesday June 14, 2014

    New Delhi: Trade related issues such as grant of non-discriminatory market access to Indian products are expected to figure in the bilateral meeting of Narendra Modi and Pakistan's Prime Minister Nawaz Sharif on Tuesday. "Definitely both the prime ministers will discuss issues related with trade....
  • Mukesh Ambani's Mumbai residence most expensive billionaire home May 14, 2014

    New York: Reliance Industries Chairman Mukesh Ambani's skyscraper residence in Mumbai is the most expensive billionaire home in the world, according to a Forbes list which also includes Indian-origin steel tycoon Lakshmi Mittal's houses in London. Ambani's 27-story, 400,000-square-foot skyscraper home Antilia named after a mythical island in the Atlantic, tops...
  • India-UK trade grows by 6.6 pc in 2013 May 13, 2014

    London: Trade between India and the UK has registered a 6.6 per cent growth in 2013 touching 16.4 billion pounds, according to latest figures released. The UK's Office of National Statistics (ONS) data shows that the total value of two-way trade of goods and services between the UK and India...
  • Sensex falls 165 points; Tata Steel, HUL dip 3-5 pc, banks drag April 29, 2014

    Mumbai: The market ended in negative terrain. The Sensex closed 165.42 points down at 22466.19 and the Nifty ended below 6750-mark, down 46.00 points at 6715.25. About 1253 shares advanced, 1507 shares declined, and 123 shares were unchanged. Banks, metals and autos kept the indices under pressure with Tata Steel...
  • EU bans Indian Alphonso mangoes, vegetables from May 1 April 28, 2014

    London: The 28-member European Union has temporarily banned the import of Alphonso mangoes, the king of fruits, and four vegetables from India from May 1, sparking protests from the Indian community, lawmakers and traders. The recent decision by the grouping's Standing Committee on Plant Health came after 207 consignments of fruits...
  • 2 Indian-American doctors charged in insider trading scheme April 26, 2014

    New York: Two Indian-American doctors among six persons have been charged by federal regulator in an insider trading scheme where they reaped nearly USD 300,000 from confidential information. Suken Shah and his brother Shimul Shah received confidential tips from Christopher Saridakis, the CEO of the e-commerce company about its proposed...
  • Tough decisions needed to take Indo-US trade to $500 bn: Nancy Powell April 25, 2014

    New Delhi: The US on Friday said that its bilateral trade with India can grow five-fold to $500 billion provided both the governments take "tough" and "vital" decisions in that direction. Addressing an event in the national capital, Nancy Powell, who resigned from the post of US Ambassador to India earlier...
  • Confidence building with Pakistan essential for trade: Amarinder Singh April 17, 2014

    Amritsar Congress candidate Amrinder Singh on Thursday said there was need for confidence building measures with Pakistan for Amritsar to become a trade hub and it will open India's trade route not only to the neighbouring country but Central and West Asia. "Prior to partition, Amritsar was a flourishing trade centre....
  • Exports up 3.98 per cent to $312.35 billion in 2013-14 April 11, 2014

    New Delhi: India's exports grew by 3.98 per cent to $312.35 billion in FY 2013-14 while imports dipped by 8.11 per cent during the period. Imports declined to $450.94 billion, narrowing the trade deficit to $138.59 billion in the last fiscal. In FY 2012-13, trade deficit stood at $190.33 billion. However, in...
  • 45 women and 5 men arrested in connection with alleged flesh trade, 8 minors rescued April 4, 2014

    In large-scale raids conducted in a red-light area of Purnea district, eight minor girls were rescued while 45 women and five men arrested on the charge of being associated with flesh trade, police said on Thursday. Raids were conducted in a series of houses in areas near Katihar since Wednesday, Superintendent...
  • Holy cities of Varanasi, Gaya used for smuggling rare tortoises, turtles March 30, 2014

    The holy cities of Varanasi and Gaya are being increasingly used for smuggling of rare tortoises and freshwater turtles, according to the wildlife trade monitoring network, TRAFFIC. TRAFFIC officials said the final destination for these turtles, smuggled via Bangkok, is Hong Kong. The officials pointed out at the recent arrest of suspected...