Friday, April 26

Search Results for: exports

Ballooning United States Deficit is Good News for Indian Gold Investors

The United States federal deficit for October ballooned up to more than $100 billion, which is almost 58 percent more than the figures we had for last year. In October of 2017, the United States saw a monthly deficit of $63 billion, but the figures have gone even higher this year. The net spending by […]

India’s PM Narendra Modi Launches 59 Minutes Loan for MSMEs as Diwali Gift

India’s Prime Minister Narendra Modi has announced a number of measures and services for the people of our country including the most interesting and valuable one under which, the small and medium enterprises will be able to sanction loans of up to Rs 1 crore in just 59 minutes through a special portal. This has […]

Korean Razor Giant Dorco Acquires 10% of LetsShave

Korean razor giant Dorco Ltd picks up 10% stake in an Indian startup LetsShave in Series –A funding. The deal is significant investment for the ecosystem as this is for the first time that global giant has invested in an Indian men’s and women’s grooming product range startup. Founded in 2015, LetsShave claims to have more than 4,50,000 customers base and has been […]

Top 6 Indian Stocks You Need to Pick During Trouble Times

Investing in stocks is a risky job and often people are confused about which stock to choose while they invest a sum. The market since the start of the year 2017 had been very strong with the Nifty registering a 35 percent growth. However, some of the players wiped out of in last 2 months. […]

The 170 Year Old Journey of Chai in India

There is barely a person in India who is not fond of chai that is tea. But do you know where did it come from? So let’s talk about the 170 years of Chai in India. The craze of Chai started when a Scottish mandarin smuggled a tea plant from China in 1848, where the […]

Indian Rupee Likely to Stabilise at 68-69 Against Dollar

Kolkata: The rupee is expected to stabilise at 68-69 per US dollar, riding on positive capital inflows, Economic Affairs Secretary Subhas Chandra Garg said on Saturday. The rupee, Asia’s worst performing currency, touched an all-time low of 70.09 against the dollar on Tuesday. The current turmoil in Turkey, triggered by US sanctions, had not affected the […]

India Might Stop Export Promotion Schemes If Found Prohibited by WTO

India’s Export Promotion Programmes have now come under the global scanner and might face a complete suspension if found prohibited by World Trade Organisation (WTO) The WTO on Monday based on US’ request referred Washington’s complaint on India’s export promotion schemes to the Dispute Settlement Body by establishing a panel to look expeditiously in the […]

China Cuts Down Auto Import Tariffs as Trade Fears Ease

China’s Finance Ministry has announced to slash import tariffs for automobiles and car parts thus opening up greater access to the world’s largest auto market amidst easing of trade tensions with the US. The government will cut down imports to 15% from 25% which will be effective from 1 July as an effort to open […]

China to Buy $200 Billion of American Goods Amid Trade War Fears

In a bid to release tensions between America and China concerning the trade war, China may be disposed to buy up to $200 billion worth of American goods in an initiative that will decrease the tremendous trade deficit with the US, according to several media reports. Donald Trump announced that he would impose 25% tariffs […]

Reliance Registers Positive Revenues Across Several Business Streams

Reliance Industries released filings showing that it registered an all time high net profit for the fourth quarter, amounting to Rs 9,435 crores, thanks to advantageous outcomes in the refining and petrochemical business. The firm, which revealed its fourth quarter and fiscal year accounts, showed a 17.3% increase in profit compared to last year’s figure […]

World Bank predicts 7.3% growth for India in 2018

The World Bank has predicted a growth rate of 7.3 percent for India for the current year and 7.5 percent for 2019 and 2020 and has observed that Indian economy has recovered from the effects of demonetization and Goods and Service Tax (GST). In its South Asia Economic Focus Meet held twice a year, World […]