US sanctions Indian firm for Iran oil deal

As for Tibalaji, the OFAC alleged that it purchased millions of dollars worth of Triliance-brokered petrochemical products, including methanol and base oil, for onward shipment to China.

published on : 1st October 2022

Fairly good response to trade settlement in rupee so far: RBI

"though I cannot name any country or foreign bank that has shown interest in this, I am happy to inform you that we have received positive responses from at least four-five countries," RBI said. 

published on : 30th September 2022

Markets rebound in early trade amid recovery in global equities

The 30-share BSE benchmark jumped 567.86 points to 57,166.14 after a firm beginning. Similarly, the broader NSE Nifty climbed 167.45 points to 17,026.05.

published on : 29th September 2022

Rupee breaches 82 mark against dollar on forex outflows, surging US yields

The Indian rupee hit a fresh record low against the dollar on Wednesday weighed down by a rise in US treasury yields and the dollar, Sriram Iyer, Senior Research Analyst at Reliance Securities.

published on : 28th September 2022

Pakistan Army, Taliban involved in narco trade: NATO investigation

The illegal narcotics trade constitutes one of the main financial sources of the insurgency groups in Afghanistan and Pakistan, but, more importantly, it feeds narco-terror, globally.

published on : 28th September 2022

Government defers new foreign trade policy  

“There was also a view to align the rollout of the new policy with the new financial year…We will have to defer the release of the new policy. The existing policy will be continued,” added Yadav.

published on : 27th September 2022

Government extends Foreign Trade Policy by 6 months

Exporters and industry bodies have strongly urged the government that in view of the prevailing volatile global economic and geopolitical situation, it would be advisable to extend the current policy.

published on : 26th September 2022

Students moot business ideas at Kochi Trade Expo

On Sunday, the expo saw students from five colleges in the city presenting innovative business ideas in the segment called ‘Udyamam’.

published on : 26th September 2022

Exports to UAE get a boost from trade deal, says commerce ministry

According to the ministry's analysis, exports of electrical machinery and equipment rose by 67 per cent to USD 916.53 million during June-August 2022.

published on : 25th September 2022

Modi and Truss in contact for Free Trade pact

Since Truss was instrumental in initiating the FTA, there is optimism of a deal being in sight by Diwali.

published on : 25th September 2022

Fake drug case: Police track two traders in Bihar

A special team of Commissionerate Police which had gone to Bihar along with Drug Control officials is carrying out raids with the help of Gaya Police at various locations there.

published on : 25th September 2022

185 cases filed against fertiliser traders in Andhra Pradesh

Collecting more than MRP is an offence and hoarding is illegal. Traders should not indulge in irregular practices causing loss to the farming community,” controller KRM Kishore said.

published on : 22nd September 2022

Britain's Truss doesn't expect UK-US trade deal anytime soon

“I want to work with our allies like the United States, France, the EU, the Baltic States, and Poland to take on the challenge we face from Russian aggression. That should be our priority,” she said.

published on : 20th September 2022

Sensex snaps three-day losing run, climbs 300 points

The Head of Retail Research, Motilal Oswal Financial Services, said markets are likely to remain range-bound ahead of US Fed interest rate decision to be announced on September 21.

published on : 19th September 2022

Centre issues new rules to simplify, streamline Trade Certificate regime

The Trade Certificate has been made co-terminus with the dealership authorisation. Display of dealership authorisation certificate in showrooms/godowns has also been mandated.

published on : 17th September 2022

Sri Lanka keen to upgrade Indo-Lanka Free Trade Agreement: Prez Wickremesinghe

"Trade integration gives an economic base. The common economic base is a prerequisite for better national security and better political relations," he said.

published on : 16th September 2022

Drug peddler held, ornaments worth over Rs 14L seized in Bhubaneswar

Jatni police then raided Sahoo’s house and seized 310 gram gold and 450 gram silver ornaments.

published on : 15th September 2022

Russia-India trade turnover witnesses 'unprecedented growth' in first half of 2022: Russian envoy

"This is a solid figure, which allows us to discuss the likelihood of achieving the goal of bringing the level of mutual trade to USD 30 billion by 2025," Alipov told state-owned TASS news agency.

published on : 15th September 2022

Exports rises marginally in August; trade gap more than doubles to 27.98 billion

Trade deficit in August 2021 stood at USD 11.71 billion. Imports rose by 37.28 per cent to USD 61.9 billion in August this year.

published on : 14th September 2022

'Trade with India saw single-biggest jump among 15 nations in past one year': US envoy

Pavek, while addressing a session here at the East India Summit 2022 organised by the CII, said India-US trade stood at USD 67 billion during the first six months of 2022.

published on : 14th September 2022
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