Japan witnessed 1,54,029 Indian travellers visiting the country in 2018 Japan National Tourism Organisation (JNTO) has pegged the number of tourists visiting Tokyo from India to grow by 16 per cent this year, a top official said. According to JNTO, Director Aya Hashimoto, Japan witnessed 1,54,029 Indian travellers visiting the country in 2018. “Japan already…
The Trump administration has imposed a new batch of sanctions against Iran, targeting an Iranian shipping network and airline. Speaking at a press conference yesterday, U.S. Secretary of State Mike Pompeo said that the designated shipping companies include the Islamic Republic of Iran Shipping Lines (IRISL) and its China-based subsidiary, E-Sail Shipping. Pompeo described IRISL…
TOP Ships, a Greek owner and operator of ECO tankers, has inked a financing deal with an undisclosed Chinese financier worth USD 60.2 million for its recently acquired two newbuilding 50,000 dwt Medium Range product/chemical tankers. The ships were bought earlier this month, from an entity affiliated with Evangelos Pistiolis, the company’s President and CEO. According…
Hamburg-based SAL Heavy Lift has become the world’s first shipping company to equip vessels with a new hydrogen/methanol injection technology. With significant emission reductions in terms of CO2, SOx, NOx and other particles, the injection technology developed by Germany’s manufacturer of fuel-saving additive, Fuelsave GmbH, paves the way for making shipping greener and more energy-efficient, according…
The government would soon bring the tax refund scheme for exporters before the Union Cabinet and would notify it, Commerce and Industry minister Piyush Goyal informed Rajya Sabha on Friday. Replying to supplementaries during the Question Hour, the minister said the government is also engaged in codifying various laws relating to labour into a far…
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…