Goyal is here for the 11th meeting of the India-UAE High Level task Force on Investments. He added that trade in domestic currencies will help save at least 5 per cent on all trade between the two countries. The two sides held discussions around creating food and industrial parks in India. India and the UAE […]
India, UAE looking at expanding rupee-dirham trade: Piyush Goyal
India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to collaborate in the sharing and development of industries and advanced technologies. The MoU aims to strengthen industries in both nations through investments, technology transfer, and the deployment of key technologies. The areas of cooperation include supply chain resilience, renewable energy, […]
India has invited Brazilian companies to join its supply chain in order to strengthen economic ties between the two countries. Commerce Secretary Sunil Barthwal, during his visit to Brazil, discussed ways to promote trade and invited Brazilian industries to be part of India’s growing supply chain. The visit took place against the backdrop of a […]
India is buying more Russian oil, despite it being priced above the Western cap of $60 per barrel, due to a resurgent Brent Crude. India has been purchasing Russian oil even though it has breached the G7’s price cap. India argues that it will buy any oil that is cheaper, prioritizing energy security. However, the […]
The National Action Plan for Green Shipping in India aims to promote eco-friendly practices and provide incentives for low-emission ships, according to the Director General of Shipping, Shyam Jagannathan. He highlighted the sector’s vision, which includes expanding port capacity, developing clean energy fuel hubs, promoting cruise tourism, and embracing digitalization. The ongoing maritime exhibition and […]
India’s imports of edible oil decreased by 19% in September compared to August, as refiners reduced purchases of palm oil by 26% due to record inventories. The decline in edible oil imports could result in higher stocks of palm oil in Indonesia and Malaysia, affecting benchmark futures.
The Russian government is prepared to ease restrictions on diesel exports to some extent in the near future. This easing of the ban would apply exclusively to diesel exports through pipelines and might include limits on the quantities exported to prevent sudden increases in wholesale prices. However, the prohibition on gasoline exports will continue to […]
Elaborating on the announcement, Blue Dart Managing Director Balfour Manuel said: “Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs.” Blue Dart Express Limited, air and integrated transportation and distribution express logistics company, is a part of the DHL Group.
JSW Infrastructure, a commercial ports operator, aims to become a global company and grow its business, said JSW Group Chairman Sajjan Jindal. He highlighted the potential for creating ports in India that handle not only the country’s cargo but also that of neighboring countries. Jindal also emphasized the high logistics costs in India and the […]
The European Union has expressed its willingness to negotiate on global trade norms regarding the purchase, stockpiling, and distribution of food to ensure food security. This is seen as a breakthrough as India and 80 other countries have been calling for a deal on food security, arguing that current rules do not adequately address market […]