Economy

Goyal, Lutnick discuss ‘expediting’ bilateral trade deal

Union Minister of Commerce and Industry Piyush Goyal with US Secretary of Commerce Howard Lutnick during a meeting, in the US | Photo Credit: @PiyushGoyal via PTI Photo Commerce and Industry Minister Piyush Goyal met US Commerce Secretary Howard Lutnick on Monday holding discussions on an early bilateral trade deal. “Good discussions with Secretary @HowardLutnick […]

Economy

Cargo traffic falls, cruise sees a route cut as India-Bangladesh trade rift continues

MV Ganga Vilas is the longest river cruise in the world  | Photo Credit: ANI Amid growing trade rift with Bangladesh, India’s top ministries are now “taking a cautious approach” towards shared investment decisions with its immediate neighbour. A “wait and approach” attitude has been taken on some waterways projects, and routes for the MV […]

Bangladesh port curbs may shift Rs 1,000 crore textile trade to Indian manufacturers & curb Chinese fabric backdoor

NEW DELHI: India’s recent decision to restrict imports from Bangladesh through land routes could open up a Rs 1,000–2,000 crore opportunity for the domestic textile sector, according to industry insiders.However, the move may temporarily disrupt supply chains of major Indian and global apparel brands, potentially causing a 2–3% rise in prices of popular items like […]

FPIs, India-US trade news to dictate Dalal-Street movement

MUMBAI: The trading pattern of foreign fund managers, developments on India-US trade deal, direction of the rupee-dollar exchange rate after Moody’s downgrade of US’s credit rating on Saturday, and quarterly numbers from large corporates will dictate the direction of the domestic market in the new week.The previous week saw a strong rally in largecap stocks […]

Economy

India’s import restrictions on Bangladesh to snag $770-800 million trade fabric 

Backdoor entry of Chinese fabrics into India (without duty) is also likely to get checked | Photo Credit: Getty Images Import route restrictions imposed by India on key goods from Bangladesh on Saturday is likely to hit $770-800 million worth of annual imports from the neighbouring country, primarily of readymade garments, per sources. “The measures […]