GLOBAL TRADE FOOTPRINT
Bandhan Bank launches products to facilitate international trade
MD & CEO of Bandhan Bank Chandra Shekhar Ghosh said "When we started as a universal bank, we were committed to provide banking solutions to address the needs of all the customers. The trade products are in line with that vision".
China's Xi calls for 'bridges' amid trade, diplomatic frictions
Chinese President Xi Jinping has called for the building of "bridges" in the global economy as Beijing grapples with economic, trade, and territorial disputes with neighbours and trading partners. He emphasized that the world's second-largest economy will never leave the road of peaceful development and will not become a "strong" state seeking to dominate others.
The train from Russia: How a new route can change things for India
A multimodal route that includes a railway, roadway network and seaports, the INSTC spans 7,200km (4,500 miles) from St. Petersburg to the port of Mumbai in India. The corridor is part of Russia’s push to find new transport routes in light of Western sanctions, which have forced it to shift trade flows from Europe to Asia and the Middle East.
‘G7 could decide to further de-risk its economies from China, which can benefit India'
"Moving these production facilities out of China would benefit Vietnam, Indonesia, Laos and Cambodia — but there would also be a huge opportunity for India in terms of attracting such investment."
Payoneer Elevate empowers 500+ service export SMBs on their global expansion journey
Payoneer Elevate 2024 marked the 8th edition of Payoneer’s global flagship event in India, empowering entrepreneurs, founders, and growth leaders of service export businesses on their journey towards global expansion. Held on April 18, 2024, in the capital city, Payoneer Elevate 2024 delivered domain-focused knowledge sessions for over 500 Indian Small- and Medium-sized Businesses (SMBs) aiming for global growth. Here's how Payoneer is leading the transformation of cross-border payments to support Indian SMB exports.
Adani Ports signs 30-year concession to operate container terminal at Dar es Salaam Port in Tanzania
Adani Ports and Special Economic Zone on Friday said its wholly owned subsidiary Adani International Ports Holdings Pte Ltd (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, Adani Ports and Special Economic Zone (APSEZ) said in a statement.
How results of Lok Sabha polls will impact sensex, Nifty
According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi's party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.
India’s equity rally hinges on Modi bettering 303-seat tally
Indian stocks' performance is closely tied to the Bharatiya Janata Party's election success. A Bloomberg News survey suggests that if the party wins over 303 seats, stocks could rally; otherwise, a drop is expected.
Lithium miners shake up trading to tackle wild price swings
Rising demand from EVs and batteries has changed the perception of lithium from a niche metal into a closely-tracked commodity which attracts investment.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
China may dump EVs, batteries into India with higher US tariffs: GTRI
GTRI warns of China dumping in India due to US tariffs. India can gain from higher duties on medical items. Trade with China surpasses that with the US. GTRI advises vigilance by Indian trade authorities, ramping up production for US market exports.
'US-China trade war escalation may lead to dumping of goods in India': GTRI
The US on Tuesday reignited the trade war with China by announcing a series of proposed tariff increases on imports including electric vehicles (EVs), batteries, and various other goods.
Govt to give focused attention to promote India's textiles exports: Textiles secretary
The cumulative exports of textiles and apparel from India during April 2023-March 2024 registered a de-growth of 3.24 per cent at USD 34.4 billion, as compared to USD 35.5 billion in April 2022-March 2023.
Indian economy stands out with strong show: Finance Ministry
India's finance ministry highlighted the country's "promising economic performance," citing resilient growth, stable prices, and a strong external sector in its monthly economic report for March. Despite global uncertainties, India's economy remains robust, driven by factors like domestic demand, investment, and manufacturing momentum. The report also noted favorable monsoon forecasts, which are expected to boost agricultural output and ease inflation concerns. Additionally, India's trade deficit is projected to improve, supported by initiatives like the production-linked incentive schemes and recent trade agreements.
CorporatEdge plans to expand its total footprint by 10x to 1.7 million square feet across major cities
CorporatEdge, a premium serviced workspace solutions company, plans a 10x expansion across major cities. The new 'Marquee' facility in Bengaluru offers eco-friendly practices, premium features, and 350 workstations. The company aims to meet the evolving needs of modern professionals. The new Marquee category boasts eco-friendly practices, reflecting a conscientious effort to align with global environmental concerns.
India bets on green credits, but could they reward deforestation?
Indian Prime Minister Narendra Modi's Green Credit Programme (GCP), showcased at COP28, could potentially benefit businesses responsible for deforestation, according to environmental campaigners. The GCP allows privately owned tree plantations to generate tradeable credits for green actions, potentially leading to the large-scale privatisation of forested land and undermining legislation protecting forest rights.
Lighthouse invests Rs 284 crore in jewellery brand Kushal’s
Kushal's will use the funds to strengthen its brand and increase its retail footprint. The jewellery brand aims to open more than 300 stores in the next three to four years. The funds will also be used to build technology.
A volley of regulations: India’s exports have to learn to navigate EU’s green law maze
Most Indian companies are not yet capable of complying with the European Union’s proposed green regulations. While the government can impose a retaliatory tax, experts say such rules are inevitable in today’s world.
Bharat Forge to invest Rs 1,000 cr in Tamil Nadu to enhance production activities
The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing.
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