New Delhi, July 26 (IANS) India’s export footprint continues to expand across diverse global markets, reflecting the growing competitiveness of Indian products and stronger trade partnerships, the Ministry of Commerce and Industry said on Sunday.The Ministry said the country’s merchandise exports continue to demonstrate resilience, supported by sustained demand and deeper engagement with international markets.”India’s export footprint continues to expand across diverse global markets, reflecting…
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New Delhi, July 23 (IANS) The government on Thursday allowed foreign direct investment (FDI) in the inventory-based model of e-commerce exclusively for exports, a move aimed at boosting outbound shipments of Indian-made products by providing domestic sellers easier access to global markets without affecting the interests of small retailers.The Department for Promotion of Industry and Internal Trade (DPIIT), in a Press Note, said it has reviewed the existing FDI policy to facilitate greater expor…
New Delhi, July 15 (IANS) India’s electronics manufacturing sector has created nearly 25 lakh jobs over the past decade, while production has increased almost seven-fold, underscoring the country’s emergence as a global manufacturing hub driven by the Make in India initiative, the Ministry of Electronics & IT (MeitY) said on Wednesday.The sector has become one of the fastest-growing sources of industrial employment, with the mobile manufacturing ecosystem alone supporting around 12 lakh dire…
Mumbai, July 11 (IANS) After rallying for four consecutive weeks, the Indian equity benchmarks posted mild weekly loss, as escalating tensions in West Asia sent crude prices higher.Nifty lost 0.26 per cent during the week and edged up 1.02 per cent on the last trading day to reach 24,206. At close, Sensex was up 827 points, or 1.08 per cent, at 77,569. It lost 0.25 per cent during the week.Indian equities experienced a volatile week, with early optimism giving way to a sharp bout of risk aversio…
New Delhi, July 8 (IANS) Strengthening collaboration with the Institute of Chartered Accountants of India (ICAI) can play a significant role in supporting India’s economic growth and advancing its global trade ambitions, Union Commerce and Industry Minister Piyush Goyal said on Wednesday following a meeting with the institute’s leadership.According to the minister, the discussions focused on expanding cooperation between the government and the accounting profession to facilitate trade and invest…
Mumbai, July 8 (IANS) Indian benchmark equity indices witnessed a sharp selloff on Wednesday, with the Sensex and Nifty falling more than 2 per cent each, as rising crude oil prices, weak global cues and renewed geopolitical tensions dented investor sentiment.The market decline gathered pace during the second half of the trading session after US President Donald Trump said that an interim agreement with Iran to end the conflict was “over”, triggering fresh concerns over escalating tensions in th…
Mumbai, June 14 (IANS) The Indian stock market is likely to remain driven by global cues in the coming week, with investors closely watching the US Federal Reserve’s policy meeting, developments surrounding a potential US-Iran peace agreement and trends in crude oil prices.Benchmark indices ended the previous week on a positive note, breaking a two-week losing streak amid improving investor sentiment.The Nifty gained 1.10 per cent to close at 23,622.90, while the Sensex rose 1.73 per cent to set…
New Delhi, June 11 (IANS) Global crude oil prices could surge to as high as $150 per barrel if hostilities between the US and Iran resume in earnest, according to a report.According to analysis by Oslo-headquartered energy research and intelligence firm Rystad Energy, which said the latest escalation between the US and Iran has pushed the April ceasefire to its most difficult moment so far, triggering a rise in oil prices and a decline in financial markets, including US equities.According to the…
New Delhi, June 9 (IANS) Commerce and Industry Minister Piyush Goyal said on Tuesday that India is well-positioned to serve the world as an innovator, manufacturer, reliable supplier of affordable medicines, partner in advanced healthcare technologies, and destination for contract manufacturing.Addressing the Global Ambassador Meet on the Pharmaceutical Sector here, the minister noted that Indian medicines are widely accepted across global markets owing to the industry’s established quality st…
New Delhi, June 8 (IANS) Nasscom on Monday announced the launch of the UK edition of its flagship global market access programme, InnoTrek 2026, to help Indian DeepTech startups accelerate international expansion and strengthen their presence in global innovation ecosystems.Scheduled between June 8 and June 12, the 11th edition of Nasscom InnoTrek will take a select cohort of Indian DeepTech startups to the United Kingdom for the first time, offering access to investors, enterprises, policymaker…