As per the share purchase agreement concluded Wednesday Mahindra Logistics will transfer 39.79% stake in TLPL to Amarnath Kalale, a promoter in the company, for a consideration of Rs 1,32,176.
Mahindra Logistics sells its entire stake of 39.79% in TLPL
According to Kulaste, Coal India Limited (CIL) has planned to increase raw coking coal production from existing mines by up to 26 million tonnes (MT) and identified ten new mines with Peak Rated Capacity (PRC) of about 22 MT by financial year 2024-25. CIL has also offered eight discontinued mines under a revenue sharing model […]
India has requested G7 countries to postpone the ban on Russian diamonds, citing unclear rules on tracing gem origins. As home to 90% of the world’s diamond cutting and polishing industry, India’s cooperation is crucial. G7 announced a ban on Russian diamonds starting January 1, with phased-in restrictions on indirect imports from around March 1
Asia feels the sting of India’s onion export ban
2 years ago
India’s ban on onion exports has led to soaring prices for Asian buyers, causing them to seek cheaper alternatives. Traditional importers, including Bangladesh, Malaysia, Nepal, and the UAE, are grappling with high prices as India, the largest exporter of onions, faces a domestic shortage. The ban, imposed due to doubled domestic prices, is unlikely to […]
India, New Zealand discuss measures to cut trade barriers, promote investor-friendly environment
2 years ago
Commerce and Industry Minister Piyush Goyal and his counterpart from New Zealand Todd McClay recognised the importance of trade facilitation and discussed measures to streamline trade processes, reduce trade barriers, and promote a more conducive environment for businesses and investors from both nations, the commerce ministry said.
Exporters are confident that exports will increase even if freight costs go up, thanks to high demand for Indian grapes in Europe amid diminishing supplies from South America.
Reliance on Bab-el-Mandeb Strait may hit eco; India needs alternate sea trade routes: GTRI
2 years ago
India needs to work on finding alternate trade routes in the sea as heavy reliance on the Bab-el-Mandeb Strait, a key route crossing Red Sea, could impact the country’s trade with the Middle East, Africa, and Europe, economic think tank GTRI said on Tuesday. Developing alternative routes such as the deep water port in Chabahar, […]
India, Taiwan get time to resolve ICT dispute
2 years ago
If the talks fail, Taiwan could adopt WTO panel filings and India could take the case to the Appellate Body of WTO, which hasn’t been functional for nearly two years due to the US blocking the appointment of judges. India has appealed against the ruling in its dispute with Japan and the EU. The dispute […]
WTO Director-General Ngozi Okonjo-Iweala has called on the G20 to show leadership and contribute to economic stability and growth by unwinding recent and longstanding restrictions on trade. G20 members include India, Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Russia, the UK, and the US, among others.
“India-Sri Lanka Economic and Technology Cooperation Agreement (ECTA) negotiations are ongoing with the 12th round of negotiations conducted from 30th October to 1st November 2023 in Colombo,” it said. It added that both sides also agreed to continue discussions on matters, including apparel quotas and pharmaceutical procurement.