Trading

  • Sushma Swaraj's Vietnam visit:Trade, defence and security tops agenda 4 days ago

    Hanoi: Keen to bolster India's bilateral ties with the strategically-important Vietnam, External Affairs Minister Sushma Swaraj will on Monday undertake a series of meetings with the top leadership here focusing on connectivity, trade, defence and security cooperation. Swaraj, will hold talks with her Vietnamese counterpart Pham Binh Minh. She will...
  • US blacklists Gaza-based extremist group August 19, 2014

    The Obama administration has placed a Gaza-based extremist group on several terrorism blacklists, freezing any assets it may have in US jurisdictions and barring Americans from transactions with it. The departments of State and Treasury announced today they had designated the group, Mujahidin Shura Council in the Environs of Jerusalem, a...
  • India, Singapore decide to scale up trade ties August 16, 2014

    Singapore: India and Singapore on Saturday decided to scale up ties in key areas of investment and trade which has witnessed a huge surge from US dollar 4.2 billion to about US dollar 19.4 billion in the last one decade. External Affairs Minister Sushma Swaraj and her Singaporean counterpart K Shanmugam...
  • Indo-Pakistan trade has increased despite border tensions: study August 13, 2014

    Islamabad: Trade between India and Pakistan has been continuously rising despite recurring border tensions but is yet to tap its estimated potential of USD 12 billion, according to a study compiled by the SAARC Chamber of Commerce and Industry. According to the SAARC Chamber's research report, the two nations have been...
  • Opposition creates ruckus over government's tough stance at WTO August 11, 2014

    New Delhi: The Opposition on Monday created ruckus in the Rajya Sabha as it raised the Bharatiya Janata Party-led government's tough stance at the World Trade Organisation that scuttled the Trade Facilitation Agreement. Finance Minister Arun Jaitley was forced to make a clarification in the House. He said that the Bali...
  • Ex-Microsoft employee gets 2 years in prison for insider trades August 10, 2014

    Seattle: A former Microsoft Corp employee was sentenced to two years in prison for his part in an insider trading scheme that netted him and his partner more than $400,000. Brian Jorgenson, 32, had pleaded guilty to securities fraud for his part in a sophisticated operation in which he passed private...
  • Doubts surface about Modi in global trade community after deal is scuppered August 2, 2014

    New Delhi: Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past. Now potential investors, some of them foreign firms hoping to exploit new opportunities in India's...
  • India ready to re-engage with WTO members in September August 1, 2014

    New Delhi: With its stand on food security leading to a stalemate at the WTO talks in Geneva, India on Friday said it is committed to the global trade deal without compromising on its interest, and will re-engage with members when talks resume a month from now. "WTO will open...
  • India's demands block $1 trillion WTO deal on customs rules August 1, 2014

    The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling. "We have not been able to find a solution that would allow us...
  • Rural votes, old traumas drive India's WTO brinkmanship July 30, 2014

    New Delhi: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to...
  • Nepal parliament panel okays energy deal with India July 27, 2014

    A parliamentary panel in Nepal on Sunday asked the government to sign as soon as possible a "Power Trade Agreement" (PTA) with India under which New Delhi has proposed 100 percent Indian investment or joint ventures with Indian entities in the Himalayan country's power sector. Both sides held marathon negotiations during...
  • Sushma Swaraj describes her first Nepal visit as 'very successful' July 27, 2014

    Kathmandu: External Affairs Minister Sushma Swaraj on Sunday described her three-day visit to Nepal as very successful during which the two neighbours agreed to finalise the text of a power trade deal and "review and adjust" a crucial treaty of 1950 to reflect current realities. "It was a very successful trip...
  • No trade facilitation pact without resolving food security issue: India to WTO July 25, 2014

    Geneva: In a strong message to the WTO, India on Friday said it will not ratify the trade facilitation pact until a permanent solution is found on food security and other issues of poor nations impacting livelihood of millions. "To jeopardise the food security of millions at the altar of...
  • India blocks WTO deal on customs rules as deadline nears July 25, 2014

    Geneva: India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically. At a meeting in Geneva, diplomats from the 160 WTO member countries were supposed to rubber stamp a deal on "trade...
  • India will not back WTO protocol unless concerns addressed: Sources July 24, 2014

    New Delhi: India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal. The determination to link its food subsidy programme, aimed at...
  • Pressure on India to sign WTO trade agreement July 23, 2014

    New Delhi: Amid sharpening differences between India and developed world on WTO issues, Union Cabinet headed by Prime Minister Narendra Modi will finalise this week New Delhi's stand on Bali agreements including ratification of the trade facilitation pact. The Cabinet meeting on Wednesday( July 23) comes close to the July...
  • US approves probes against Chinese tires July 23, 2014

    Washington: The US International Trade Commission (USITC) on Tuesday approved the anti-dumping and countervailing duties investigations against imports of certain passenger vehicle and light truck tires from China. USITC's all six commissioners voted in the affirmative, saying, "there is a reasonable indication that a US industry is materially injured by reason...
  • June trade deficit touches 11-month high at $11.76 billion July 16, 2014

    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 July 15, 2014

    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 July 15, 2014

    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...