Last year, the India-China bilateral trade hit a record high of over USD 125 billion crossing the USD 100 billion mark in a year when the relations touched a new low due to standoff by the militaries in Eastern Ladakh. Beijing: The India-China trade is on course to cross USD 100 billion for the second… Continue reading India-China trade goes up to over USD 67 billion in first half of the year amid surge in Chinese exports
Author: Economic Times of India Online News
Is the free lunch over at startups?
Amid a funding crunch globally, frugality and unit economics have become the buzz words among startups as they focus more on profitability and curtailing costs. Investors, founders and recruiters ET spoke to said there will be a cost-cutting drive across startups amid increased investor scrutiny of money-guzzling business models. Marketing budgets are getting slashed, layoffs… Continue reading Is the free lunch over at startups?
Inflation in India to be about 5% by March 23
Representative Image The State Bank of India (SBI) expects the inflation in India to be about five% by March 23. In a research report, the SBI also said the 7.01% consumer price index (CPI) inflation announced by the Indian government on Tuesday for June 2022 confirms the fact that the peak point has passed. According… Continue reading Inflation in India to be about 5% by March 23
India’s trade with Sri Lanka ‘at standstill,’ say Indian exporters
India‘s trade with Sri Lanka has nearly stopped following the unrest in the island nation, leaving exporters worried about their payments. “Our exports and imports have come to a complete standstill. Exporters are very cautious because of the political crisis and payment issues,” Federation of Indian Export Organisations (FIEO) Vice-Chairman Khalid Khan said. However, he… Continue reading India’s trade with Sri Lanka ‘at standstill,’ say Indian exporters
Global economic outlook has ‘darkened significantly’: IMF
IMF Managing Director Kristalina Georgieva The global economic outlook has “darkened significantly” and could deteriorate further, the IMF’s managing director said Wednesday, citing Russia’s war in Ukraine and the rapid inflation it has caused, threatening widespread hunger and poverty. The warning comes just months after the IMF already cut its global growth forecast for 2022… Continue reading Global economic outlook has ‘darkened significantly’: IMF
TVS Supply Chain Solutions appoints Tarun Khanna to its board as Independent Director
Tarun Khanna, Independent Director, TVS Supply Chain Solutions New Delhi: TVS Supply Chain Solutions (TVS SCS), a part of the USD 2billion TVS Mobility Group, announced the appointment of Tarun Khanna as an Independent Director on its Board. This appointment takes the strength of the Board to eleven members, of which four are Independent Directors,… Continue reading TVS Supply Chain Solutions appoints Tarun Khanna to its board as Independent Director
Auto sales zoom 55% in Q1 FY23 on a low base; still down by 19% from Q1 FY19
Representative Image New Delhi: Auto OEMs in April-June quarter of the on-going financial year 2022-2023 saw year-on-year improvement across segments on the lower base of the same quarter a year ago which was marred by the second Covid wave. According to the latest data by the industry body, Society of Indian Automobile Manufacturers (SIAM), the… Continue reading Auto sales zoom 55% in Q1 FY23 on a low base; still down by 19% from Q1 FY19
Germany presents climate emergency program for transport sector after missing CO2 targets
Representative Image Germany‘s economy and transport ministries on Wednesday presented an emergency program to cut emissions in transport after the sector missed its 2021 carbon-dioxide reduction targets, threatening the country’s 2030 overall climate goals. After a top court ruled last year that Germany must tighten its climate protection law, the then-government set more ambitious CO2… Continue reading Germany presents climate emergency program for transport sector after missing CO2 targets
CPI Inflation undershoots expectations at 7% : Report
CPI inflation came in at 7.01% in Jun’22, below expectations (Emkay: 7.03%), supported by easing food inflation. Food inflation eased in June with domestic prices moderating despite elevated global food prices. Global easing in food prices should also help in bringing down food inflation going forward. Despite the impact of the fuel excise duty cuts,… Continue reading CPI Inflation undershoots expectations at 7% : Report
Trade in national currencies to boost India’s trade with Central Asia & extended neighbourhood
India’s decision on international trade via national currencies can be considered a milestone event not only enabling Rupee-Rouble trade but also New Delhi’s trade in the immediate and extended neighbourhood including Iran and Central Asia and South Caucasus. The new decision is expected to boost trade via the International North-South Transport Corridor (INSTC). INSTC will… Continue reading Trade in national currencies to boost India’s trade with Central Asia & extended neighbourhood