India’s steel ministry evaluating demand for minimum import price for HRC steel
Major steelmakers in India are advocating to the government the need for the imposition of a minimum import price (MIP) on hot-rolled coil at $615 per tonne …
India’s cashew kernel exports may fall 20% in FY19: CEPCI
India’s exports of cashew kernels and allied products may fall 20 per cent to Rs 4,800 crore this fiscal due to lower volumes, industry body CEPCI said …
Indian exports to China surge in wake of US-China trade war; agri-exports to China increase by 70% till Nov 2018
The tariff war between the US and China has helped India increase its exports to China. During the June-November 2018 period, exports to the neighbouring …
India’s buffalo meat exports to plunge amid China clampdown on illegal imports
India’s buffalo meat exports are set to plunge 15 per cent to their lowest in six years, a leading industry body told Reuters, as world’s top meat …
Libya earmarks $50 billion to boost oil production
Libya’s state-held National Oil Corporation (NOC) has budgeted an amount of $50 billion to invest in its oil and gas sector this year, as it looks to …
India’s iron ore output seen at 9-year high before leases expire
As India pipped Japan as the second largest producer of steel after China in 2018, India is on track to produce the most iron ore in nine years as independent …
Exports from world’s second-largest copper mine to drop by 85%
Concentrate exports from Indonesia’s Grasberg mine, the world’s second-largest copper mine, will drop about 85% this year because of a lag in …
IMF retains India’s FY20 growth forecast at 7.5%; CRISIL predicts a modest recovery at 7.3%
The International Monetary Fund (IMF) has retained its growth projection for Indian economy at 7.5 per cent for 2019-20 and said it is likely to accelerate to …
India’s trade deficit shrinks to 10-month low
India’s trade deficit shrank to the lowest in 10 months in December 2018 as lower crude oil prices and falling gold demand reduced the burden on the import …
India’s April-November 2018 trade deficit widens to $129 billion
India recorded a $16.67 billion trade deficit in November 2018, taking overall trade deficit for the first eight months of the 2018-19 financial year to …