Adani Ports strengthens its dominance with the acquisition of Gopalpur Port, projecting significant growth in cargo handling and revenue. The company’s strategic expansion along the Indian coast and international ambitions position it to rival China’s maritime presence in the region.
Gautam Adani adds another piece to his string-of-pearls strategy
The Goods and Services Tax (GST) authorities have issued notices to around 50 importers of spices, dry fruits, processed food, and poultry for storing products at warehouses different from the actual place of supply. They seek additional tax payments of approximately Rs 1,000 crore. Some importers have also been warned of registration cancellation.
Hindalco Industries, Shyam Sel & Power Ltd, Shree Venkateshwara Electrocast, Ravi Raj Foils, GLS Foils Product and LSKB Aluminium Foils have filed the application on behalf of the domestic industry seeking the probe.
Indian exporters are grappling with tax demands from customs for duty differentials on rice exports, impacting shipments due to new export duties to control domestic rice prices and financial constraints hindering payment.
Soomilduth Bholah, Mauritius’ Minister of Financial Services and Good Governance, recently visited India to encourage Indian investors to utilize Mauritius as a gateway to access emerging African markets. During his ‘India Business Mission’ covering major cities, Bholah emphasized Mauritius’ expertise in African markets and urged Indian companies to set up offices there for operations in […]
FIMI urges against export duty on low-grade iron ore to prevent revenue and job loss, impacting GDP and job creation. The mining sector faced issues with the duty in May 2022 but was later withdrawn.
India has urged for the prioritization of several key issues in discussions within the World Trade Organization (WTO), including access to finance, manufacturing concentration, food security, and reducing transaction costs in international trade and services. New Delhi emphasized the need to address trade issues that disproportionately affect developing countries, such as access to technology, bridging […]
UK, Oman trade agreements may figure in commerce ministry’s 100-day agenda for new Govt: official
2 years ago
The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.
Pakistan downgraded its diplomatic ties with New Delhi after the Indian government abrogated Article 370 of the Constitution, revoking the special status of Jammu and Kashmir and bifurcating the State into two Union Territories.
India has extended its ban on onion exports indefinitely, a move that comes ahead of a general election and is expected to exacerbate high prices in some overseas markets. The ban, imposed in December, was due to expire on March 31. Traders had anticipated it would be lifted, but the government issued an order late […]