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Asian gas and power companies are starting to pair up for joint purchases of LNG after more ambitious efforts to form a regional group to win lower prices and less rigid contracts have stalled.
Steel Authority of India reported a 7% growth in sales volume to 12.1 million tonne (MT) in FY14, as compared to 11.3 MT sales in FY13. The company's domestic sales growth was complemented by a 28% rise in exports to 0.47 MT during the year. Compared to this, SAIL's exports were 0.36 MT in FY13 . Production of saleable steel at 12.9 MT in FY14 was 4% higher than FY13. A focus on production of value-added steel led to 6% rise in special quality steels to 5.3MT in FY'14 as against 5.02 MT in FY13.
Mumbai : RBI released the first bi-monthly Monetary Policy Statement for the year 2014-15 where the key rates like repo rate, CRR, Bank rate and repo rate remained unchanged and the Textiles Exporters were not very happy with the announcement made.
MUMBAI : There is need for a scheme for promoting access to bank funds for the export sector similar to that which exists for the agriculture sector in the form of Rural Infrastructure Development Fund (RIDF), M Rafeeque Ahmed, President, Federation of Indian Export Organizations (FIEO), has said.
The rupee snapped its two-day gains against the American currency by slipping 32 paise to 60.21 per dollar on renewed dollar demand from banks and importers in view of firm dollar in the overseas market.
India's near-monopoly in soymeal exports to Iran has been diminishing and exports could drop by nearly a third as Tehran's nuclear deal with the West paved the way for rival south American suppliers to boost their trading with the oil-rich country, industry officials said.
India's Essar Oil has sold around 55,000 tonnes of naphtha to Vitol at about $35 a tonne over Middle East quotes on a free-on-board (FOB) basis, traders said on Thursday.
To boost domestic silk production, Assocham has urged the government to extend anti-dumping duty on raw silk imports from China, which have grown by 7 per cent during the last 12 years, till December 2015.
The Directorate of Revenue Intelligence (DRI) has arrested two importers of embroidery machines on the charges of evading customs duty to the tune of Rs 6.25 crore.
New Delhi : India's onion export this fiscal is set to fall by more than 28% to 1.4 million tonne (mt) from 1.8 mt in 2012-13. This sharp fall is mainly attributed to curbs on exports put by the Government in the August - November period last year for improving domestic supply.
Issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notice F. No. VIII/26/193/2012-DRI & VIII/48/31/2012-DRI dated 04.03.2013 issued by Additional Director General, Directorate of Revenue Intelligence,
G.S.R (E). -Whereas, the designated authority vide notification No. 15/1009/2012-DGAD, dated the 23rd March, 2013,
G.S.R. (E). –WHEREAS in the matter of Meta Phenylene Diamine (hereinafter referred to as the subject goods),
G.S.R. (E). -Whereas, the designated authority vide notification No. 15/22/2011-DGAD, dated the 24thFebruary, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 24th February, 2012,
G.S.R 65 (E). -Whereas, the designated authority vide notification No. 15/15/2012-DGAD, dated the 24th January, 2013, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 24th January, 2013,
G.S.R. _(E). –WHEREAS in the matter of Phthalic Anhydride (hereinafter referred to as the subject goods), falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975),
In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules,
S.O.(E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraph 2.1 of the Foreign Trade Policy,