Page 15 - Trade Exports

Exports slide 12% on recession fears; trade deficit widens to $23.76 bn

Imports last month also contracted 3.46 per cent to $58.24 billion, amid falling commodity prices

India-China trade at $135.98 bn in 2022. Trade deficit crosses $100 bn mark

This is the first time the trade deficit has crossed the $100 billion mark

Sah Polymers shares settle over 37% higher in debut trade: Report

Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. Later, it rallied 37.30 per cent to settle at Rs 89.25 apiece. On the NSE, the shares began the trade at Rs 85 and finally ended at Rs 89.25 each. In volume terms, 4.16 lakh shares of the firm were traded on the BSE and 41.82 lakh shares on the NSE during the day. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. Meanwhile, in the broader market, the 30-share BSE benchmark ended 147.47 points or 0.25 per cent lower at 59,958.03. The initial public offer of Sah Polymers was subscribed 17.46 times last week. The initial share-sale had a price range for

India eyes overseas copper, lithium mines to meet domestic shortfall

To start with, India has identified one copper and two lithium mines in resource-rich Argentina to either acquire or secure long-term leases, the sources said

Canada's merchandise exports declined 2.3% in November 2022: Reports

Canada's merchandise exports decreased 2.3 per cent in November 2022, in large part because of a decline in exports of energy products, according to official figures

November exports to key markets bounce back after October dip

Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October

Myanmar's exports up 15.09% in over 8 months of FY 22-23: Govt data

During the period, the country's imports were higher by 26.19 per cent to $12,325.87 million

Gems & jewellery sector gets annual export target till last quarter of FY23

India's gems and jewellery industry has achieved its annual export target of USD 48 billion till the last quarter of the current financial year, an official said on Friday. He said that after Covid pandemic, the industry is back on track and keeping its fingers crossed amid the current surge in number of coronavirus cases across the globe. "The present chairman of the gems and jewellery council has informed that the industry has achieved the yearly target of 48 billion of exports from the country till the last quarter. We have achieved what he had to achieve," honorary secretary of the Jaipur Jewellery Show (JJS) Rajiv Jain said. The 20th edition of the four-day jewellery show kicked off on Friday at the JECC here, which is hosting over 900-plus booths and 500-plus exhibitors from different parts of the country and abroad. The theme of this year is 'Emerald...Timeless Elegance'. Jain said that the domestic gems and jewellery market is also growing because of heavy gold buying. He

India has signed 13 FTAs, 6 preferential pacts so far, says union minister

India has signed 13 free trade agreements (FTAs) and six preferential pacts so far with its trading partners for ensuring greater market access for domestic goods and promoting exports, Union minister Anupriya Patel said on Wednesday. The country has recently signed three such agreements with Mauritius, the UAE and Australia. Further, India is also actively engaged in FTA negotiations with some of its trading partners including the UK, European Union and Canada. Trade negotiations with partner countries is a dynamic and continuous process for obtaining better market access for India's exports and other business opportunities, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha. "India has so far signed 13 Free Trade Agreements (FTAs) and six Preferential Trade Agreements (PTAs) with its trading partners for preferential access for its products," she said. In a separate reply, the minister said that six rounds of negotiations have bee

India's Q3 current account deficit likely rose on widening trade gap: Poll

A revival in domestic demand in Asia's third-largest economy since the Covid-19 pandemic has also compounded the shortfall through higher imports

Signs of global slowdown: Export credit demand shrinks 25% YoY in October

The data released by the Reserve Bank of India (RBI) showed a fall in export credit even though the bank credit saw a robust growth of 18 per cent

Bangladesh's current account deficit widens in Oct as imports surge: Report

Bangladesh's current account deficit further widened in October as imports continued to increase in comparison to the combined receipts from exports and remittances

Budget 2023: Exporters urge govt for fiscal incentives, lower customs duty

The meeting took place at a time when external demand is waning as exporters are facing global headwinds of high inflation, currency depreciation and geopolitical tensions

FHRAI meets Nirmala Sitharaman, seeks infra tag for hospitality industry

Representatives from Federation of Hotel & Restaurant Associations of India met Finance Minister Nirmala Sitharaman on Thursday and sought granting of infrastructure status to the hospitality industry in the forthcoming Budget. Currently, hotels built with an investment of Rs 200 crore or more have been accorded infrastructure status under the RBI infrastructure lending norm criteria. The association has requested that this threshold be brought down to Rs 10 crore to give a fillip to budget segment hotels. This will enable hotels to avail term loans at lower rates of interest and also benefit from longer repayment periods. It has also requested for hospitality to be classified as an industry that's applicable across the country and create a corpus which compensates states for any notional loss, the association argued. "FHRAI put forth to the minister specific requests with special emphasis on granting infrastructure status to the hospitality industry," a release stated. The ...

Centre pushes for reviving export commissioner posts for boosting trade

The export commissioners will be expected to operate under clear targets to expand exports from their states

US, China, UAE drive India's first export contraction in nearly 2 yrs

The three nations that saw positive growth in exports were the Netherlands (21.6 per cent), Singapore (24.8 per cent), and Brazil (57.7 per cent)

A narrow window of opportunity

Thailand and China are at risk of growing old before they grow rich; India must grow its GDP at 8-9 per cent or more to avoid that fate

Piyush Goyal asks exporters make price adjustments to retain market share

A temporary change in pricing will help them accommodate short-term challenges, an official statement says; minister reviewed sectoral progress in exports with EPCs and Industry bodies

How reliable is India's China trade data?

The mystery of missing $12 bn from India-China trade is fascinating. China said, its trade with India touched $103 bn in the first nine months of 2022. But India says that it is $91 bn. Who is right?

Erdogan, Zelensky discuss resumption of grain exports from Black Sea ports

Earlier on Wednesday, Erdogan confirmed that Moscow had agreed to resume its implementation of the grain export deal