Union commerce minister Piyush Goyal said Indian businesses are in a “cosy comfort zone” created by the vast 1.4 billion-strong domestic market and need to actively explore opportunities abroad.Speaking at an industry event in Mumbai, Goyal said companies should not get carried away by any “negative narrative”, emphasising that the economy grew 7.8% in June….
Union Electronics and IT Minister Ashwini Vaishnaw on Saturday inaugurated India’s first tempered glass manufacturing unit set up by Optiemus Infracom in partnership with US material technology major Corning. The plant, located in Noida, will make protective tempered glass used for mobile phone screens.“Optiemus is the new gem in the fast-growing electronics manufacturing ecosystem in…
State Bank of India (SBI), the country’s largest lender, on Saturday said it has signed a Line of Credit agreement worth EUR 100 million with Agence Française de Développement (AFD) at its GIFT City branch in Gandhinagar to boost green financing.According to SBI, the funds raised under this partnership will support both climate mitigation projects…
Indian Oil Corporation (IOC), the country’s largest fuel retailer, has lined up investments worth Rs 1.66 lakh crore over the next five years to strengthen its core refining and fuel marketing operations while accelerating expansion in petrochemicals, natural gas, and renewables, chairman Arvinder Singh Sahney said on Saturday.Addressing shareholders at the company’s annual meeting, Sahney…
India-China bilateral trade has expanded steadily over the years, but the trade gap remains heavily skewed in China’s favour, raising long-standing concerns in New Delhi.Prime Minister Narendra Modi, during his recent statement on August 29, said it is vital for India and China to work together to stabilise the global economic order. He emphasised that…
Reliance Industries detailed an extensive green energy blueprint, with Mukesh Ambani and Anant Ambani presenting their vision for developing what they described as the world’s most comprehensive new energy system.“Hydrocarbons will remain vital for India for several years. Our strategy is clear: excel in traditional energy while building the system of the future,” said Mukesh…
ONGC group refineries will continue purchasing Russian oil as long as it is financially viable, chairman Arun Kumar Singh said on Friday. “As long as it’s economical, we will keep buying every drop (of Russian oil) that comes to the market,” Singh told reporters, as quoted by Economic Times. Its subsidiaries Mangalore Refinery and Petrochemicals…
US President Donald Trump (Pic credit: AP) The US federal court’s ruling over the tariff, calling it “illegal”, came as a major setback for President Donald Trump. The court said that the Republican leader overstepped his authority when he declared trade deficits and border issues as “national emergencies” to justify sweeping tariffs he imposed on…
China’s trade representative Li Chenggang conducted meetings in the United States, between August 27-29, engaging with US officials regarding economic and trade relationships between the two nations, according to the Chinese commerce ministry on Saturday, quoted by Reuters.During his visit, Li conducted meetings with officials from the US department of the treasury, department of commerce,…
US President Donald Trump (Pic credit: AP) US President Donald Trump on Friday said that he would “fight back” after a US federal court in a significant ruling found his global tariffs “illegal.” The US court of appeals for the federal circuit in Washington ruled that many of Trump’s tariffs were illegal; however, it allowed…
