TRADING

  • Falling oil prices shrink trade deficit to 11-month low February 14, 2015

    New Delhi: Trade deficit narrowed to an 11-month low in January, helped by a plunge in global oil prices, bolstering the outlook for India's current account balance as well as the rupee. But in a worrying sign, weak global demand led to a second straight annual fall in merchandise exports. Exports...
  • Sensex snaps 7-day losing streak, ends 128 points up February 10, 2015

    Mumbai: The benchmark Sensex on Tuesday snapped its seven-day losing streak but failed to maintain early gains a day when the BJP was trounced by the AAP in Delhi assembly elections. The BSE bluechip index, which rose over 400 points just before noon, more than halved its gain to conclude...
  • J&K: Pakistan truck driver held on drug charges, LoC trade suspended February 8, 2015

    Srinagar: A Pakistan truck driver has been held on drug charges in Uri district of Jammu and Kashmir resulting in the suspension of trade across the Line of Control. The customs official and the state police personnel in Uri recovered 305 packets of drugs. Ministry of External Affairs said, "The law of...
  • Pakistan may extend 'Most Favoured Nation' status to India February 7, 2015

    Islamabad: Pakistan may grant non- discriminatory market access status to India and the two countries are moving towards sealing a deal to liberalise trade, Commerce Minister Khurram Dastgir Khan has said. Khan told the Senate on Friday that Prime Minister Nawaz Sharif had personally identified liberalised trade with India as a...
  • Rupee ends higher by another 4 paise vs dollar February 6, 2015

    Mumbai: The rupee firmed up further by 4 paise to close at 61.69 against the American currency on sustained selling of dollars by banks and exporters. The rupee resumed higher at 61.70 at the Interbank Foreign Exchange (Forex) and firmed up further to 61.67 on initial...
  • Rupee gains 13 paise to end at nearly 1-week high vs US dollar February 3, 2015

    Mumbai: Bucking the weak trend in stocks, Indian rupee on Tuesday strengthened 13 paise to end at nearly one-week high of 61.67 against the greenback on persistent selling of dollars by banks and exporters on a day the RBI kept interest rates unchanged. The rupee opened higher at 61.65 per...
  • US medical trade body hails Barack Obama's India visit January 30, 2015

    Washington: A top American medical trade association hailed President Barack Obama's just concluded India visit for pledging to strengthen economic cooperation, including increased bilateral trade and collaboration in the healthcare sector. "This week, President Barack Obama and India Prime Minister Narendra Modi pledged to strengthen collaboration, dialogue and cooperation between...
  • India's FDI increased by 26 per cent in 2014: UN January 29, 2015

    Geneva: Notwithstanding the decline in global foreign direct investment inflows, India's FDI increased by 26 per cent in 2014 to an estimated $35 billion with maximum growth in the services sector, a UN report said on Thursday. China toppled the US in 2014 as the world's largest recipient of FDI...
  • Indo-US Dialogue: 'Modi and Obama can take it to newer and greater heights' January 24, 2015

    New Delhi: The inaugural session of the Indo-US dialogue jointly organised by the Network18 and the Observer Research Foundation (ORF) to mark the visit of the US President Barack Obama to India expressed confidence that Prime Minister Narendra Modi is capable of taking the relationship to a newer and greater...
  • The India-US dialogues: Indian, US bureaucracies must match leaders' dynamism to achieve trading benefits January 24, 2015

    New Delhi: Praising the Modi government's trade initiatives with United States, former US assistant secretary of defence Vikram Singh on Saturday said the high energy level in US and India means the countries will continue to make progress on high priority issues. The bilateral trade between India and US has picked...
  • Rupee 7 paise down vis-a-vis US dollar January 22, 2015

    Mumbai: Snapping five-day winning streak, the Indian rupee on Thursday lost seven paise against the dollar at 61.70 due to fresh demand for the US currency from banks and importers even as strong capital inflows continued. The rupee in early trade at the Interbank Foreign...
  • Minister of Trade UK Lord Livingstone Vibrant Gujarat Summit January 16, 2015

    Minister of Trade UK Lord Livingstone talks about investments flowing into India because of the Vibrant Gujarat Summit held in Gandhinagar. ...
  • Indo-British Trade Council Chairman on Vibrant Gujarat Summit January 13, 2015

    Indo-British Trade Council Chairman Uday Dholakia talks about investments flowing into India because of the Vibrant Gujarat Summit held in Gandhinagar. ...
  • Union opposes FDI in Railways, threatens indefinite strike January 10, 2015

    Nagpur: The National Federation of Indian Railwaymen (NFIR) has vehemently opposed the Centre's proposal for FDI in Railways and threatened to go on indefinite strike in June this year. According to NFIR General Secretary M Raghaviah, there is no need for FDI in Railways. "Government's move to slowly hand over the...
  • Rupee gains 35 paise to end at four-week high vs US dollar January 9, 2015

    Mumbai: Notching up gains for the third successive session, Indian rupee on Friday surged 35 paise to end at four-week high of 62.32 against the greenback on persistent selling by participants and on continued optimism of inflows. Weakness in the dollar in overseas markets also boosted the rupee value, forex...
  • Slow growth in global trade, says World Bank January 8, 2015

    Washington: In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said. In the year 2012 and 2013, the global trade expanded by less than 3.5 per cent, which is well below the pre-crisis average annual rate of seven per cent,...
  • 5-day strike to protest against disinvestment, restructuring of Coal India begins today January 6, 2015

    Kolkata/New Delhi: Trade unions on Tuesday began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977. The unions have gone on strike to protest against 'disinvestment and restructuring of state-run Coal India' and to press for their other demands including the roll-back of...
  • False fire alarms cost Swedes $3.8 million each year January 5, 2015

    Stockholm: Taxpayers and businesses are hit with a bill of about 3.8 million US dollars each year to pay for false fire alarms, or 96 per cent, in Stockholm, media reported on Sunday. Only four per cent of automatic fire alarms triggered in Stockholm during 2013 required any actual fire-fighting action,...
  • Rupee tumbles on 1st day of new year, down 32 paise vs US dollar January 1, 2015

    Mumbai: The Indian rupee was off to a bad start in the new year as it suffered the worst single-day drop in over two weeks on Thursday by falling 32 paise to end at 63.35 against the US dollar. Demand for the greenback from banks and importers and little support from...
  • Trillion dollar IT trade deal on a knife-edge at the WTO December 12, 2014

    Geneva: A trillion dollar deal at the World Trade Organisation to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. But late on Thursday one trade official involved with the talks said a deal would be very unlikely...
  • India against Russia sanctions, to add vigour to ties in Putin-Modi meet December 6, 2014

    New Delhi: As Russia grapples with a floundering sanctions-hit economy, India set the tempo for Russian President Vladimir Putin's two-day India visit next week, saying that it has clearly spelt out that it "cannot be party" to any economic sanctions against its old friend. Putin is visiting India on December 10-11...
  • Man arrested for molesting at Delhi trade fair November 27, 2014

    New Delhi: A 50-year-old man was arrested for molesting a young girl at the ongoing India International Trade Fair (IITF) here, police officials said on Thursday. Om Prakash Jain, a resident of south Delhi's Kotla Mubarakpur area, was arrested Nov 23 after he molested a female visitor in her early 20s...
  • India-Pakistan friction threatens to scupper efforts by SAARC leaders to boost trade ties November 27, 2014

    Kathmandu: Hostilities between rivals India and Pakistan on Wednesday threatened to scupper efforts by South Asian leaders to boost trade among almost a quarter of the world's people, throwing into doubt any prospect of a regional customs union. India and Pakistan have fought three wars, and exchanges of fire across the...
  • Pakistan stalls India-backed SAARC pacts November 26, 2014

    Kathmandu: Pakistan on Wednesday stalled the inking of SAARC connectivity agreements, including motor vehicle pact, saying it was yet to complete its "internal process". This despite the fact that other countries, including India and Sri Lanka, have been strongly pitching for strengthening the people-to-people contact and movement of goods in...
  • SEBI approves new insider trading rules November 19, 2014

    Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday approved new insider trading rules that will replace a two-decade old law seen as inadequate to curb trading violations. The new rules, which are based on recommendations that were first revealed late last year, broaden the scope of who can...
  • Watch: The Week That Wasn't with Cyrus Broacha November 16, 2014

    On this episode of The Week That Wasn't, Cyrus Broacha takes on legalisation of sex trade, and talks to Congress spokesperson Abhishek Manu Singhvi. He also visits children in a school on the occasion of the Children's Day. ...
  • Watch: Cyrus Broacha's take on legalisation of sex trade November 16, 2014

    The National Commission for Women (NCW) to propose legalisation of sex trade to a committee appointed by the Supreme Court but according to sources the Women & Child Development ministry isn't in favour the idea. ...
  • Obama commends Modi's 'personal leadership' in resolving the WTO impasse November 14, 2014

    Washington: US President Barack Obama has commended the "personal leadership" role provided by Prime Minister Narendra Modi in finding a path forward on WTO Trade Facilitation Agreement (TFA) reached between the two countries, a presidential spokesperson said. "The President had extensive discussions with Prime Minister Modi on this issue and...
  • Top US trade groups laud India and US on WTO agreement November 14, 2014

    Washington: Describing the agreement between India and US to resolve the contentious food security issue at the WTO as "breakthrough", top American trade and business groups have applauded both the countries saying that, new development would boost global trade and economic growth. "Businesses worldwide applaud the news that the US and...
  • India agrees with US on food stockpiling, WTO General Council to consider India's proposal November 13, 2014

    New Delhi: Ahead of the G20 summit, India and the US have resolved their differences over the World Trade Organisation (WTO) pact. The deal opens the way for implementation of the WTO Trade Facilitation Deal that has been stalled for months. "India and the US have resolved differences over the WTO,"...