With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz, equivalent to about a fifth of global consumption, any disturbance in this key maritime route reverberates across the world.
India has allowed a limited quantity of onion exports to the United Arab Emirates (UAE) and Sri Lanka, at a time when the staple vegetable's outward shipments have been kept under restrictions.
India's overall exports, merchandise and services combined, in the just-concluded financial year 2023-24 are estimated to be USD 776.68 billion, largely steady on a yearly basis, data showed on Monday.
India's electronic manufacturing industry is set to grow at an annual growth rate of 41 per until FY 26, as per a recent report by Equiris Securities. The report says that by FY 26, the electronic manufacturing market in India is expected to reach Rs 5,980 billion, a significant leap from it
Bangalore (Karnataka) [India], April 9: Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of EUR11,902.8 million, 1
Ho Chi Minh City [Vietnam], April 8: Upon a profound visit to Southeast Asia, Mr. Tan Xuguang, on the afternoon of April 7, presided over the Field Promotion of Shandong Heavy Industry - Weichai Power for Product Export in Southeast Asia in Ho Chi Minh City, Vietnam for disclosing and expoun
Atul Chaturvedi, the Chairman of Renuka Sugar, said, "Sugar Production in the country is likely to be above 32.0 million tons , much higher than initial estimates. Further ,with Sugar exports banned and higher monthly releases Sugar values have remained sideways . Moreover, with Elections ro
Designated court of Central Bureau of Investigation sentenced three accused to three years' rigorous imprisonment with total fine of Rs 1.5 lakh in a case related to causing loss to government exchequer.
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification on Wednesday, permitting the export of an additional 10,000 metric tons (MT) of onions to the UAE, facilitated through the National Cooperative Exports Limited (NCEL).
ICRA expects a muted 8-9 per cent recovery in revenues of its sample companies to Rs 28,150 crore in the financial year 2025 from Rs 26,000 crore, benefiting from the low base and replenishment of stock in the US and EU regions.
This plan, encompassing 13 key issues, seeks to set the tone for policy direction and governance, fostering a conducive environment for robust export growth.