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India’s June palm oil imports rise 56% to 3-month high: Trade body

Imports rose to 683,133 metric tons in June, up from 439,173 metric tons in May as prices fell to their…

Updated: July 14, 2023 14:52 IST

Standards notified for lighters, water bottles to curb imports

The standards will be applicable on both domestic manufacturers and imports.

July 12, 2023 05:15 IST

Gas flaring in Iraq, natural gas, natural gas import, gas import from iraq,

India looks to liquefy gas Iraq flares and import

The country wants to end the burning of associated gas in the oilfields to cut down losses and reduce gas…

July 12, 2023 03:00 IST

oil import, Russian oil, buying splurge, OPEC+, shipments, infrastructure issues, supply, imports

India’s oil imports from Russia climb to new peak as limit nears

Daily volumes climbed to 2.2 million barrels a day in June, rising for a 10th month, according to Viktor Katona,…

July 3, 2023 09:37 IST

trade deficit, trade gap, exports, imports, inflation, domestic demand, global demand, CAD, merchandise, services, positive growth, slowdown, consumer goods, cash payment, commodity prices, crude oil

Economists say trade gap in May widens on resilient domestic, weak global demand; project FY24 CAD at 1.2-1.3% of GDP

The gap between exports and imports rose to $22.12 billion in May which is the widest in five months, the…

June 19, 2023 07:30 IST

El Nino, economy, inflation, monsoon, IMD, food inflation, consumption, deficient rainfall, kharif crop, rabi crop, rural demand, import, export, lending rates, RBI, farmer income, rural household

Economists flag food inflation risk as El Nino possibility rises, say India needs a ready contingency plan

Economists and experts said that a possible El Nino situation may lead to food inflation while also affecting the rural…

June 16, 2023 16:05 IST

India’s exports fall 10.3 per cent to $34.98 billion in May

Imports also declined 6.6 per cent to USD 57.1 billion against USD 61.13 billion recorded in the same month last…

Updated: June 15, 2023 16:28 IST

India took even more Russian oil in May, crowding out Saudis

India took 1.96 million barrels a day from Russia last month, 15% more than the previous high in April, according…

June 1, 2023 14:01 IST

Walmart, Flipkart, Myntra, sourcing, exports, toy exports, India, suppliers, Doug McMillon, skill development, cash-and-carry format, technology, e-commerce

Walmart’s $10 billion plan to export toys, shoes, bicycles from India

Walmart is also considering developing new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and…

May 22, 2023 13:20 IST

China, exports, imports, overseas shipments, trade surplus, manufacturing, demand, rising prices, labor market, domestic rebound, price deflation, tech imports

China export growth slows, imports plunge as recovery wanes

Overseas shipments expanded 8.5% from a year earlier to $295 billion, the customs administration said Tuesday in Beijing — faster…

May 9, 2023 10:42 IST

India March trade gap widens for first time in four months

Exports fell 13.9% from a year earlier to $38.38 billion in March, while imports stood at $58.11 billion, down 7.9%.…

April 13, 2023 16:11 IST

oil, oil import, oil prices, Iraqi oil, crude oil, Russian supplies, OPEC+

Iraqi oil to India gets cheaper as competition from Russia bites

India and China emerged as a key consumers of Russian crude after many other buyers shunned its barrels due to…

April 11, 2023 09:28 IST

Govt exempts import duty on drugs, food for special medical purposes for personal use to treat rare diseases

The import duty waiver will come into effect from April 1.Also, the government has exempted Pembrolizumab (Keytruda), used in treatment…

Updated: March 30, 2023 12:05 IST

Sri Lanka, Imports, Eggs, Egg shortage, Nalin Fernando, Economy

Sri Lanka imports 2 million eggs from India to meet shortage

In January when the market shortages were noticed, the Animal Production and Health Department declined to approve the import of…

March 23, 2023 16:18 IST

BIS hallmarking soon to curb sub-standard imports

250-300 items on list; local players to benefit

March 20, 2023 06:00 IST

Indian Economy, economy news, imports, commerce ministry

Govt undertaking an exercise to cut imports of non-essential items

Commerce Secretary Sunil Barthwal said that the commerce ministry has provided product-wise import figures to all the ministries.

Updated: March 15, 2023 21:28 IST

imports, trade gap, demand slowdown, economy, exports, recessionary fears, price pressures, RBI, services exports, account deficit

India posts smallest trade gap in 13 months in February as imports decline

The gap between exports and imports fell for a fourth straight month to $17.43 billion in February, India’s Trade Secretary…

March 15, 2023 16:59 IST

power crisis, summer season, import, LNG, fuel imports, NTPC, peak demand, electricity demand, gas-fired capacity, coal, supply, high prices

India’s efforts to avoid power shortage during summer months to boost LNG imports

Gail India Ltd. will tap the seaborne market to supply state-run power producer NTPC Ltd., which has been asked by…

March 10, 2023 14:40 IST

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Obama did not endorse Mamdani despite phone call ahead of NY polls

World News27 min ago

Former US President Barack Obama has reportedly endorsed New York City mayoral candidate Zohran Mamdani, but officials have denied the claims, stating that Obama is sticking to his post-presidency rule of not publicly endorsing local candidates. The alleged endorsement has sparked controversy and speculation that Obama is trying to protect other Democrats from being associated with Mamdani.

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