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India Defers Decision on Sugar Exports

New Delhi, May 9 -- India's government said on Wednesday it needs several more months to decide whether to allow sugar exports this year as it assesses domestic supply and demand. The world's second... Read More


Alarming Rise In Quantum Of Empty Space In Shopping Centres

New Delhi, May 8 -- India's retail real estate woes deepened in 2023 as the area occupied by ghost shopping centres - malls with over 40 per cent vacant leasable space - surged by a worrying 59 per ce... Read More


Indian Army To Indigenize 100% Ammunition Procurement By FY 2025-26

New Delhi, May 8 -- The Indian Army is set to cease importing ammunition from the next financial year, as the domestic industry has bolstered its production capabilities to meet the military's demands... Read More


India's Diesel & Petrol Exports Decline 20% To USD 33 Bn In 2023-24

New Delhi, May 8 -- India's exports of diesel and petrol witnessed a significant decline of 20 per cent year-on-year, amounting to USD 33 billion in the fiscal year 2023-24. This drop in export reven... Read More


Sri Lanka Inks 20-Year Power Deal with Adani Green Energy

New Delhi, May 8 -- Sri Lanka has entered into a 20-year power purchase agreement with India's Adani Green Energy Ltd for two wind power stations developed by the company, the government said on Tuesd... Read More


India Achieves Trade Surplus in Medical Disposables

New Delhi, May 8 -- In a significant milestone, India has become a net exporter of medical consumables and disposables like needles and catheters for the first time, Union Pharma Secretary Arunish Cha... Read More


FEMA Norms Relaxed By RBI To Boost Foreign Investment In Derivatives

New Delhi, May 8 -- In a move aimed at facilitating foreign investment in derivative instruments, the Reserve Bank of India (RBI) has amended the Foreign Exchange Management Act (FEMA) regulations, ea... Read More


India-Taiwan Bilateral Trade Ties On Roll, Eying USD 25 Billion Target

New Delhi, May 8 -- India and Taiwan are witnessing a significant boost in economic partnership, with industry leaders projecting bilateral trade could reach USD 25 billion through increased investmen... Read More


Maharashtra MSMEs Threaten NOTA In Elections Over Govt Inaction

Mumbai, May 8 -- Representatives of Micro, Small and Medium Enterprises (MSMEs) and their workforce in Maharashtra have threatened to opt for NOTA (None Of The Above) in the upcoming general elections... Read More


Lendingkart Raises $10M Via ECB For Onward Lending To MSMEs

New Delhi, May 8 -- In a boost to lending activities for Micro, Small and Medium Enterprises (MSMEs) in India, fintech lender Lendingkart has raised USD 10 million via External Commercial Borrowing (E... Read More