latest Market News

India and Japan today inked two strategic agreements including one that will enable Tokyo to import rare earth minerals, a move which will help it to reduce its heavy reliance on China for the key material that is vital for producing a range of high-tech products.   The agreements, both of which were supposed to be signed during the now cancelled trip of Prime Minister Manmohan Singh, were inked by Japanese Foreign Minister Koichiro Gemba...

  • Posted on : Monday , 19th November 2012
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Indian textile and apparel exporters hope that the re-election of Barack Obama as the US President will be good for the Indian textile industry and will improve the relationships between the two countries.   Mr. M Rafeeque Ahmed, president of Federation of Indian Export Organizations, told fibre2fashion, “This will be good for the textile industry. Currently, Indian exports to the US market are growing at a pace of 15 percent per...

  • Posted on : Friday , 9th November 2012
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The rupee recovered by 9 paise to Rs 54.27 against the US dollar in early trade today at the Interbank Foreign Exchange on dollar selling by exporters and banks.   Besides, a higher opening in the domestic equity market and euro and yen's strengthening against the American currency overseas also supported the rupee, dealers said.   The rupee had lost 16 paise to close at 54.36 against the dollar yesterday on heavy demand for the...

  • Posted on : Friday , 9th November 2012
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ACCRA (GHANA): India looks to double the trade with West African nations to $ 40 billion by 2015, Commerce and Industry Minister Anand Sharma said today.   Sharma, who is leading a 200-member Ficci delegation here for 'India Show', said the West African region holds huge potential for Indian businessmen. "Currently the trade between India and West African region stood at $ 20 billion. I would ask chambers and industries to work...

  • Posted on : Thursday , 8th November 2012
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As the demand-supply gap widens for natural rubber in India, tyre companies are increasingly resorting to imports to meet their requirements.   Take, for example, Apollo Tyres. It imported 45 per cent of net requirement in the first six months of this financial year. J K Tyre and Industries, another tyre maker, imported close to 25 per cent of its requirement during the period.      “Last fiscal, our natural Rubber...

  • Posted on : Thursday , 8th November 2012
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