China’s CNPC halts Iran gas investment under U.S. pressure
State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the …
Indian Tea Association inks pact with Chinese Tea body to boost shipments
The Indian Tea Association (ITA) has signed an MoU with China Tea Marketing Association for lifting the volume of black tea exports from here. India’s tea …
Iran loses market share in India as its Oil exports slump in November 2018
India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 per cent from October due to the U.S. sanctions, Reuters reported, …
Chinese delegation visits India to firm up long term pact for sugar import
The Chinese delegation is exploring ways of firming up long-term arrangements for import of sugar from India. A high-level delegation from the Chinese sugar …
India’s oilmeals export down 16% in November 2018
India’s exports of oilmeals during November 2018, was provisionally reported at 311,739 tonnes compared to 369,522 tonnes in November 2017, down by 16% …
India’s chilli traders likely to hit by plant quarantine norms
Spices Board of India has proposed to extend the plant quarantine norms to all the buying countries. Red Chilli exporters in India will be hit if the plant …
China declines India’s proposal for renminbi-rupee trade
China has not accepted India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with …
Sugar prices in India crash on low domestic and export demand
In the past one month due to subdued domestic and export demand, sugar price in India has declined by as much as 5.5 percent, with some grades of the sweetener …
India to give 5% subsidy on non-basmati rice exports
India, the world’s biggest rice exporter, has decided to give 5 per cent subsidy for non-basmati rice exports for four months from November 26 till March 25, …
World crude steel output up 5.8% in October led by China and India – worldsteel
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.6 million tonnes (Mt) in October 2018, a 5.8% …