EEPC urges govt to comprehend possible impact of Coronavirus on engineering exports to China
Indian engineering exports to China increased by a significant 27.60 per cent to USD 1.77 billion during April-December 2019 -20, according to EEPC India analysis. "In fact, China has emerged as our 10th largest export destination for engineering goods, dominated by iron and steel as also industrial machinery,'' said EEPC chairman Mr Ravi Sehgal.
Facebook's engineering VP Jay Parikh leaves firm
Parikh was considered to be instrumental to creating the data center infrastructure on which...
China taps india for masks, exporters unsure
Chinese exporters said there is a need for around two million masks and the Indian mission in Ho...
'Bharti Airtel has not taken any import license since April, 2018'
According to various media reports, the Directorate of Foreign Trade (DGFT) has put Airtel on the 'Denied Entities List' following the non-fulfillment of export obligations under the EPCG scheme. As a result, Airtel’s import license stood cancelled and the company will not be able to avail any export benefit or licence from the DGFT.
Top intraday trading ideas for afternoon trade on Wednesday, January 29, 2020
Rajesh Exports is a 'Buy' call with a target price of Rs 750 and a stop loss of Rs 710.
Share market update: TTK Healthcare, Surana Telecom among top losers on BSE
In the Nifty pack, 45 stocks were in the green, while 5 stocks were in the red.
Sugar buyers nervous as Indian export surge fails to materialise
Global buyers have been targetting Indian supplies to help meet a global sugar deficit.
Share market update: BSE Capital Goods index down; Lakshmi Machine Works slumps 5%
The S&P BSE Capital Goods index was trading 0.48 per cent down at 17,481.72.
Higher local demand may hurt steel exports in FY21
Exports of finished steel during the April-December period of the ongoing fiscal year increased marginally to 6.5 million tonnes from 6.36 mt in the same period last year, according to provisional figures released by the Joint Plant Committee, an authoritative and independent source of information about the Indian iron and steel industry.
C&S acquisition aimed at making India exports hub
"Infrastructure is not growing at the rate at which it should. It’s a mixed picture. There is a slowdown in awarding of orders, both by the public sector and private sector. Payments are delayed, but we don't have any bigticket payments (that are) due," says Sunil Mathur, managing director and chief executive officer, Siemens India.
Japan warns about risks to economy from China virus outbreak
"There are concerns over the impact to the global economy from the spread of infection in China, transportation disruptions, cancellation of group tours from China and an extention in the Lunar Holiday," Japanese Economy Minister Yasutoshi Nishimura told.
To boost desi companies, curbs likely on tyre, furniture imports
The government is all set to clamp down on import of furniture and certain types of tyres in order to give a fillip to domestic manufacturing. Separately, certain types of gems are also on the radar for import curbs.
CV of ‘bomber’ for last 14 years: Engineer, MBA, cook, guard...
Aditya Rao wore several hats with equal felicity: sales executive, software engineer, production engineer, cook, bartender, hotel cashier and a security guard. He also spent a year in prison for making hoax bomb calls to Kempegowda International Airport (KIA), Bengaluru, in 2018. Rao's longest stint (18 months) was with a private firm in Bengaluru.
View: Should India follow China's course or chart its own path to reach the $5 trillion goal?
We don’t need to copy China to be an economic superpower, except maybe its long-term focus.
Maruti Suzuki begins export of S-Presso
"S-Presso is a true symbol of Make in India. The car stands testament to our commitment to offer best in design, technology and safety to our customers both locally and globally," MSI MD said. The SUV-shaped car featured amongst India's top 10 bestselling cars within a month of its launch with the company selling over 35,000 units since launch in September 2019 in the domestic market.
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