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Ludhiana, Apr 9 (PTI) The country's merchandise exports are expected to register a fall of 2-3 per cent in 2025-26 due to global economic uncertainties, aggravated by the West Asia crisis, according to FIEO. Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may have led to a decline in shipments by 7-8 per cent in March. The joint attack launched by the US and Israel on Iran on February 28 severely disrupted the country's exports to West Asia, pushed up ...Read More >
THOOTHUKUDI: Condemning the steep hike in raw material prices, safety match manufacturers have announced a factory shutdown from April 12 to 25 and urged the state and union governments to hold discussions with wholesale traders, alleging that illegal hoarding of raw materials has spiralled costs. The safety match industry employs nearly five lakh people and generates over Rs 800 crore in domestic trade, and Rs 600 crore in international trade. In the aftermath of the war in the Middle East, t ...Read More >
In an official statement, the Ministry of External Affairs said it has consistently advocated for de-escalation, stressing that "dialogue and diplomacy are essential to bring an early end to the ongoing conflict." The government underscored the broader humanitarian and economic impact of the conflict, noting that it has caused "immense suffering" and disrupted global energy supplies and trade networks. India reiterated its long-standing position that peaceful resolution through diplomatic chan ...Read More >
India's presence in global markets for apples, walnuts, almonds and saffron remains limited, with increasing import dependence and stagnant or declining exports, the Aayog said, in its report released on Wednesday. The Aayog said the mission project 'Operation Golden Greens' should be launched and implemented in a phased manner to improve the productivity of these commodities and make India globally competitive. NITI Aayog has proposed a mission project 'Operation Golden Greens' for horticultur ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal on Wednesday said he had meaningful virtual interactions with several world leaders to further strengthen bilateral ties and trade. Goyal has a "constructive virtual interaction" with Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, the UAE. "We discussed opportunities to further strengthen India-UAE trade ties and expand avenues for deeper bilateral cooperation. Look forward to advancing our strategic pa ...Read More >
PTC Web Desk: India has welcomed the temporary ceasefire between the United States and Iran, expressing optimism that the move could ease tensions and open the door to long-term stability in West Asia. In a statement issued on April 8, the Ministry of External Affairs (MEA) said it hopes the pause in hostilities will contribute to lasting peace in the region. Reiterating its consistent stance, India stressed that dialogue, diplomacy and de-escalation remain the most effective ways to resolve on ...Read More >
New Delhi [India], April 8 (ANI): Economists and industry leaders on Wednesday largely backed the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent, saying the central bank's cautious approach is appropriate amid global uncertainties and rising energy prices. Experts said the move reflects a balancing act between controlling inflation and sustaining economic growth. Dipti Deshpande, Principal Economist at Crisil Ltd, said the RBI's decision to maintain the polic ...Read More >
Mumbai, April 8, 2026 (ANI): The RBI Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, has kept the Repo Rate unchanged at 5.25% with a neutral stance. The central bank highlighted concerns over global trade disruptions, the ongoing West Asia conflict, and their impact on India's economic growth, merchandise exports, and inflation. RBI projects GDP growth at 6.9% for FY 26-27 and CPI inflation at 4.6%, while noting the volatility ivn domestic and global markets. ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
New Delhi [India], April 8 (ANI): Industry experts have suggested that the Reserve Bank of India's Monetary Policy Committee (MPC) choosing to maintain the status quo on policy rates reflects a cautious approach to navigating global uncertainties and domestic growth targets. The Reserve Bank of India kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Sujan Ha ...Read More >
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the popular Amul brand of milk and dairy products, on Sunday said the brand's turnover crossed ₹1 lakh crore for the financial year 2025-26, marking a major financial milestone for the farmer-owned cooperative network. "The total unduplicated revenue of the Amul brand grew by 11 per cent over a base of ₹90,000 crore in 2024-25. GCMMF itself recorded a sales turnover of ₹73,450 crore in 2025-26, registering an increase ...Read More >
National Maritime Day commemorates the maiden voyage of S.S. Loyalty, which sailed from Mumbai to London on April 5, 1919. National Maritime Day is a significant day in India, celebrated annually on April 5 to commemorate the historic voyage of S.S. Loyalty, the first Indian-owned steamship. This momentous event, which took place in 1919, marked India's entrance into international shipping and laid the foundation for the country's maritime heritage. Today, National Maritime Day is not only a c ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. West Texas Intermediate crude has hit $115 a barrel, gasoline prices in the US are up nearly 40% since late February, and Bitcoin is still trying to break through a wall it has failed to climb six times now. That is the world Bitcoin finds itself in on Monday as it briefly touched $69,550 -- a modest 3.30% gain that nevertheless sent shockwaves through the derivatives market. Ov ...Read More >
Mumbai, Apr 6 (PTI) Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share N ...Read More >
New Delhi [India], April 5 (ANI): In a significant achievement for India's maritime sector, the Major Ports under the Ministry of Ports, Shipping and Waterways have collectively handled 915.17 million tonnes (MT) of cargo during FY 2025-26, surpassing the annual target of 904 MT. This marks a year-on-year growth of 7.06 per cent, reaffirming the sector's strong recovery, enhanced efficiency, and sustained growth trajectory, the Ministry of Ports, Shipping and Waterways reported. This milestone ...Read More >
New Delhi, April 5 (SocialNews.XYZ) In a significant achievement for India's maritime sector, the country's major ports have collectively handled 915.17 million tonnes (MT) of cargo during FY 2025-26, surpassing the annual target of 904 MT, according to a statement issued by the Ministry of Ports, Shipping and Waterways to mark National Maritime Day. This reflects a year-on-year growth of 7.06 per cent, reaffirming the sector's strong recovery and sustained growth trajectory driven by transform ...Read More >
New Delhi [India], April 5 (ANI): In a move aimed at strengthening fertiliser availability amid ongoing geopolitical uncertainties in West Asia, Indian Potash Limited (IPL) has floated a global tender for the bulk import of granular and prilled urea, according to an official notice issued on April 4, 2026. The tender comes as part of coordinated efforts under the Department of Fertilizers to ensure an uninterrupted supply of key agricultural inputs, even as global supply chains face pressure du ...Read More >
New Delhi [India], April 5 (ANI): Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), the world's largest farmer-owned dairy cooperative, announced a historic milestone as the Amul brand turnover crossed the Rs 1 lakh crore mark for the financial year 2025-26. The total unduplicated revenue of the Amul brand has increased by 11 per cent over a base of Rs 90,000 crores in 2024-25. This solidifies Amul's position as a dominant global dairy cooperative. Gujarat Co-operative Milk Marketing ...Read More >
Kochi, April 5 (UNI) DP World Cochin has set a new operational benchmark by handling more than 8,000 twenty-foot equivalent units (TEUs) from a single vessel, marking the highest volume ever achieved at the terminal. The record was set with the arrival of MSC Ilaria, a 366-metre-long ultra large container vessel (ULCV), surpassing the previous high of over 6,000 TEUs handled from MSC Aurora. The milestone highlights the terminal's growing capability to efficiently manage next-generation contai ...Read More >
New Delhi, April 4 (SocialNews.XYZ) Europe's fragile economic outlook amid geopolitical tensions could have ripple effects on India's trade and sectoral competitiveness with the latter to gain from FTA, a new report has said. The report from EY noted that India could gain from new opportunities with deeper trade engagement with Europe and rising competitiveness in sectors such as textiles. Tariff and trade policy changes by the United States as well as West Asian conflict will act as headwinds ...Read More >
A tanker with Iranian crude oil has been flashing India's west coast as its destination, according to maritime tracking sites, in what could be the first such import in nearly seven years. The Eswatini-flagged Ping Shun's transponders and AIS (automatic identity system) have signalled it is headed for the Vadinar offshore terminal and is expected to reach the facility by April 4, according to the Kpler-owned MarineTraffic and Winward, both providers of global commodity and ship data. At an int ...Read More >
New Delhi [India], April 4 (ANI): Europe's economic outlook remains fragile amid global trade tensions and geopolitical risks, which could have ripple effects on India's trade and sectoral competitiveness, according to a new report by EY The EY European Economic Outlook (March 2026) notes that trade policy changes, tariffs, and geopolitical uncertainties continue to shape economic prospects in Europe, potentially affecting global trade flows and competition with countries like India. The repor ...Read More >
New Delhi (IANS): The India-flagged liquefied petroleum gas (LPG) tanker Green Sanvi has successfully transited east of the Strait of Hormuz. Ship tracking data confirms the vessel is the seventh Indian ship to safely clear the maritime chokepoint during the current West Asia conflict. To navigate the sensitive waterway, the vessel utilized a designated corridor through Iran's territorial waters. Diplomatic Coordination India continues to engage with Iran diplomatically to ensure safe passage ...Read More >
New Delhi [India], April 3 (ANI): The recent decision by US President Donald Trump to impose a 100 per cent tariff on patented pharmaceutical imports to US is unlikely to cause immediate disruption to Indian drugmakers, as the move largely targets branded medicines while exempting generics and biosimilars, said Siddharth Mittal, Managing Director and CEO (Designate) Syngene International Limited. Also Read | US Pilot Rescued After Fighter Jet Shot Down in Iran; Helicopter Also Hit During Search ...Read More >
NEW DELHI: Tractor sales surged sharply in the financial year 2026, with major OEMs posting double-digit volume growth. This growth momentum, however, may hit a roadblock as analysts forecast FY27 growth slowing to 0-3% amid high base effects and emerging El Niño risks. Ratings agency Crisil stated that tractor sales growth is projected to slow sharply to 0-2% year-on-year to about 1.2 million units in FY27. This follows an estimated 22% on-year rise in FY26, primarily driven by rationalisation ...Read More >
New Delhi, Apr 3 (PTI) India is unlikely to be significantly impacted by US President Donald Trump's announcement of 100 per cent tariffs on certain patented drugs, as the country primarily exports low-cost generic medicines to America, think tank GTRI said on Friday. Trump signed an executive order on April 2, announcing the imposition of a 100 per cent ad valorem duty rate on the import of certain patented pharmaceuticals and associated pharmaceutical ingredients. The order, issued on April ...Read More >
India sugar output lags demand for second straight yearLower cane yields force mills to close earlier than usualSugar stocks expected to drop, supporting local prices India's sugar production is set to fall below consumption for a second straight year, as lower cane yields force mills to close faster than usual, trade officials told Reuters on Thursday. Lower output, coupled with rising exports, is likely to reduce domestic stockpiles and support local prices, which had been under pressure due ...Read More >
New Delhi: A US-sanctioned oil tanker carrying iranian crude oil Mid-way diversion from India to China, payment-related issues appear to be the main reason for change of declared destination.The Aframax tanker Hirsch, built in 2002 and subject to US sanctions in 2025, had previously targeted Vadinar in Gujarat. If the cargo arrives in India, it would mark the country's first purchase of Iranian crude in nearly seven years.According to ship tracking company Kpler, the ship is now signaling Dongyi ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil rerouted mid-voyage from India to China, with payment-related issues appearing to be the main reason behind the change in declared destination.The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, had earlier indicated Vadinar in Gujarat as its destination. If the cargo had reached India, it would have marked the country's first Iranian crude purchase in nearly seven years.According to ship-tracking firm Kpler, ...Read More >
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