Mumbai, July 27 (IANS) Integrated chemical manufacturer Epigral Limited on Monday reported a 37.9 per cent decline in its consolidated net profit to Rs 99.7 crore for the first quarter of FY27, compared with Rs 160.7 crore in the corresponding quarter of the previous financial year (Q1 FY26).The company’s revenue from operations, however, increased 16.3 per cent year-on-year to Rs 705.4 crore during the April-June quarter, up from Rs 606.5 crore a year earlier, according to its stock exchange fi…
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Mumbai, July 22 (IANS) The proposed India–New Zealand Free Trade Agreement (FTA) is expected to come into force soon and, together with the newly elevated Strategic Partnership between the two countries, is expected to help double bilateral trade by 2030, New Zealand’s Trade Commissioner and Consul-General to India and South Asia, Graham Rouse, said on Wednesday.In an exclusive interview with IANS, Rouse said the recent elevation of India–New Zealand ties to a Strategic Partnership marks a h…
New Delhi, July 15 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect on Wednesday, will open up new opportunities for Indian exporters, deepen technology partnerships and enhance the country’s global competitiveness, leading industry chambers said on Wednesday.Marking the implementation of the trade pact, PHDCCI released a research report titled ‘India–UK CETA: A Strategic Guide to Export Opportunities and Market Access’, providing an assessment of t…
New Delhi, July 9 (IANS) The government has rolled out more customs duty relief to lower the cost of importing a wide range of components and capital goods used to produce electronic goods such as smartphones and lithium-ion battery manufacturing, in order to promote domestic production of finished products.The Central Board of Indirect Taxes and Customs (CBIC) has issued three separate notifications to roll out the customs duty waiver and expand the list of goods eligible for concessional duty….
New Delhi, July 7 (IANS) Bharatiya Janata Party (BJP) Rajya Sabha MP Sudhanshu Trivedi on Tuesday strongly advocated for exploring and harnessing the country’s inherent potential in traditional pharmacy, given its long-standing legacy in the field and called for greater focus on shoring up the sector. The Rajya Sabha MP lauded the Narendra Modi government’s proactive approach in identifying the opportunity and also taking major step towards establishing the country as a global hub of traditional…
Ahmedabad, July 3 (IANS) India’s semiconductor manufacturing push is set to take another step forward with the launch of commercial chip production at CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, on July 4.The project, approved by the Union Cabinet in February 2024 under the India Semiconductor Mission, has been developed by CG Semi Pvt. Ltd., a subsidiary of CG Power and Industrial Solutions Limited, with an investment of Rs 7,500 crore.The facility h…
Amaravati, June 30 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday proposed establishing a cluster of rare-earth mineral deposits. He directed officials to take up comprehensive mineral mapping across the state to identify valuable mineral deposits. He also emphasised the importance of promoting value addition through mineral processing.Reviewing the performance of the Mines Department at his official residence, the Chief Minister said Andhra Pradesh’s vast mineral wealth of…
New Delhi, June 1 (IANS) India’s consumption and economic activity, because of strong domestic demand momentum, remained robust in early period of FY27, with goods taxable supply rising 27 per cent and services expanding 22.2 per cent in April, according to government sources on Monday.Taxable supply across goods sectors grew 26.9 per cent year-on-year to Rs 40.10 lakh crore in April 2026 from Rs 31.61 lakh crore a year ago, with all 27 commodity groups registering positive growth, according t…
New Delhi, May 21 (IANS) US-India trade is entering a high‑growth phase and could reach $500 billion by 2030 driven by stronger supply chains, technology collaboration and deeper integration across manufacturing and services, a report said on Thursday. The report from KPMG in India and AMCHAM said bilateral trade has expanded steadily in recent years, with India’s cumulative exports to the US reaching $87.3 billion in FY26, accounting for 20 per cent of total merchandise exports.Electronics,…
New Delhi, May 18 (IANS) India’s current account deficit (CAD) is likely to be about 2.1 per cent of GDP for FY27, assuming an oil average of $85 per barrel, a report said on Monday.The report from HDFC Bank said elevated crude and a closed Strait of Hormuz pose upside risks to forecast, adding that the recent gold import compression measures could provide some offset.The bank said that raising import duty to curb gold imports could trim the deficit, estimating a 20 per cent decline in gold vo…