The government has increased duty drawback rates for gold and silver jewellery, a move that would make Indian exports from these sectors more competitive in the global market. The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry.…
India’s exports shrank at a slower pace in October with key sectors of petroleum, leather and carpet showing a decline in outward shipments even as a steeper contraction in imports helped narrow the trade deficit from the year ago period. Exports contracted 1.11% to $26.38 billion in October while a sharper shrinkage in imports left…
The government on Thursday said that exports of apparel post-withdrawal of Generalised System of Preferences (GSP), has increased by 5% as compared to the corresponding period before withdrawal. “Post-withdrawal of GSP, imports of apparel will be subject to higher tariff. As per provisional data, exports of apparel (post withdrawal of GSP) has increased by 5%…
on Monday reported a marginal dip of 0.9 per cent in total sales at 4,03,223 units in November this year. The company had sold 4,06,930 units in the same month a year-ago. Domestic sales in November this year were at 2,07,775 units as against 2,34,818 units, showing a decline of 11.5 per cent, Bajaj Auto…
Hyundai Motor India on Saturday said it is gearing up to export its compact SUV Venue to various markets including Africa and Latin America. The left hand drive (LHD) version of Venue is under development and is planned to be exported to the Gulf, Africa and Latin America, Hyundai Motor India Ltd (HMIL) said in…
The US solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949. The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration on Friday. While the…