New Delhi, Feb 3 (IANS) The India-US trade agreement is the most important deal for the country and will generate more jobs and also add to foreign exchange, said Ashishkumar Chauhan, NSE MD and CEO, on Tuesday.Speaking to IANS, Chauhan stated that the trade deal between the US and India was expected for a long time, and now will be implemented immediately, unlike the European deal, which is expected to roll out after six months.“India is the only country that has manpower, high-tech appreciat…
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Mumbai, Feb 2 (IANS) Hyundai Motor India Limited on Monday reported a solid performance in the third quarter (Q3) of FY26, with its consolidated net profit rising 6.3 per cent year-on-year to Rs 1,234.4 crore. The growth was supported by steady demand in the domestic market, strong export numbers and higher sales during the festive season, the company said in its stock exchange filing.Revenue from operations during the quarter increased 8 percent compared to last year to Rs 17,973.5 crore.Operat…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman rolled out a range of customs duty cuts across sectors such as marine products, textiles, leather, and defence and aviation sectors to boost manufacturing and increase exports in the Union Budget 2026-27 presented in the Lok Sabha on Sunday.As part of sector-specific measures to promote exports of marine products, the Finance Minister proposed to raise the limit for duty-free imports of specified inputs used for processing seafood for e…
Vadodara, Jan 29 (IANS) The signing of the Free Trade Agreement (FTA) between India and the European Union (EU) has been welcomed by traders in Gujarat’s Vadodara, who see it as a positive development for domestic trade and exports. Business leaders believe the agreement will help Indian exporters access European markets while reducing the impact of rising global trade barriers.Ramesh Patel, Vadodara Trade Development Organisation President and Advisor to Confederation of All India Traders (CAIT…
New Delhi, Jan 27 (IANS) India is expected to gradually increase its market share from 5 per cent to 8-9 per cent in the EU’s ready-made garment (RMG) imports, unlocking an incremental annual export opportunity of nearly $4-4.5 billion over the medium term, a report showed on Tuesday.The European Union (EU) is the world’s largest RMG market, with imports of nearly $84 billion (excluding trade among EU countries) in 2024, according to the report by CareEdge Ratings.India currently exports $4….
New Delhi, Jan 22 (IANS) A FICCI pre-Budget survey on Thursday reflected strong optimism across industry, with nearly 80 per cent of respondents expressing confidence in India’s growth prospects.Nearly half of the participants expect GDP growth to remain in the 7–8 per cent range in FY 2026–27, reaffirming faith in India’s medium-term fundamentals despite persistent global uncertainties.According to the FICCI survey, industry also underscored the importance of fiscal prudence, with aroun…
London, Jan 20 (IANS) Pakistan’s electricity crisis refuses to yield to repeated rounds of reform. The latest assessment by the power sector regulator identifies rising costs, stagnant demand, under-utilised capacity, persistent inefficiencies in transmission and distribution and an electricity system that continues to weigh on economic growth rather than support it, media reports said. Pakistan cannot industrialise, grow its manufacturing base, or expand exports without affordable and reliabl…
New Delhi, Jan 15 (IANS) Pakistan’s current state of affairs cannot drive the 250 million-strong population towards sustained progress due to cross-cutting constraints affecting all 20 priority export products and six export drivers, a media report has stressed, highlighting that blaming the IMF will not do any good for the country, which is massively suffering across economic parameters.A panel constituted by Prime Minister Shehbaz Sharif reached this conclusion after discussions with industr…
New Delhi, Jan 2 (IANS) The government on Friday announced to extend the deadline for submission of fresh applications under the Production Linked Incentive (PLI) scheme for textiles up to March 31, 2026.According to the Ministry of Textiles, the extension follows the significant response received since the application portal has been re-opened in August 2025, with proposals being submitted by textile companies across priority areas, including Man-Made Fibre (MMF) apparel, MMF fabrics, and Techn…
Gandhinagar, Dec 31 (IANS) With an aim to ensure uniform economic development across all districts and further strengthen Gujarat’s contribution to the national economy, Chief Minister Bhupendra Patel has directed officials to work towards increasing district-wise GDP, thereby accelerating the overall growth rate of the state, spokesperson minister Jitu Vaghani said. Addressing a press conference after a cabinet meeting held in Gandhinagar, Vaghani said the Chief Minister emphasised that Gujar…