New Zealand central bank leaves interest rate unchanged
September 13th, 2012 - 2:24 pm ICT by IANS
Wellington, Sep 13 (IANS) New Zealand's central bank Thursday announced it would leave its interest rate unchanged at its historic low of 2.5 percent in the face of a poor ... Read more...
Posted in Business |
Bangladesh’s current account surplus rises
July 9th, 2012 - 1:56 pm ICT by IANS
Dhaka, July 9 (IANS) Bangladesh's current account balance recorded a surplus of $754 million in July-May period of the 2011-12 fiscal ended last month, a central bank official said.Quoting Bangladesh ... Read more...
Posted in Business |
Denmark to boost exports to BRIC economies
May 10th, 2012 - 1:31 pm ICT by IANS
Copenhagen, May 10 (IANS) The Danish government aims to boost exports to emerging economies, including India, by 50 percent within the next five years, it said in a report here.The ... Read more...
Posted in Business |
Big Australian dollars to lure Indian tourists
April 19th, 2012 - 1:45 pm ICT by IANS
Sydney, April 19 (IANS) Buoyed by the number of Indian tourists flocking to Australia, an influential tourism promotional body has asked the Australian government to invest $1 billion to attract ... Read more...
Posted in Business |
Bangladesh criticizes India’s ban on cotton export
March 8th, 2012 - 11:40 pm ICT by IANS
Dhaka, March 8 (IANS) Bangladesh's garment sector is likely to face difficulties following shortage of cotton as India, the region's largest producer of the item, has imposed a ban on ... Read more...
Posted in Uncategorized |
Here’s the catch on Kerala’s fishing industry (To go with ‘Kerala fishermen’s daily tryst with danger’)
February 20th, 2012 - 1:27 pm ICT by IANS
Kerala's rivers, backwaters and other brackish water bodies endow it with a multitude of fish, besides the marine life bestowed by the sea. Here is "the catch" on the fishing industry:- ... Read more...
Posted in Business |
Kerala fishermen’s daily tryst with danger
February 20th, 2012 - 1:26 pm ICT by IANS
Thiruvananthapuram, Feb 20 (IANS) News of two innocent Indian fishermen being shot dead by Italian sailors off the Kerala coast caused a national outrage that resulted in their arrest. But ... Read more...
Posted in Uncategorized |
India’s foreign trade to touch $750 billion bby fiscal-end
January 19th, 2012 - 9:01 pm ICT by IANS
New Delhi, Jan 19 (IANS) India's foreign trade may cross $760 billion in the financial year ending Mar 31, 2012, Commerce and Industry Minister Anand Sharma said Thursday."The two-way trade ... Read more...
Posted in Business |
Automatic approval to FDI in greenfield pharma projects to continue: RBI
December 12th, 2011 - 6:49 pm ICT by IANS
New Delhi, Dec 12 (IANS) The Reserve Bank of India (RBI) will continue to allow overseas capital up to 100 percent in greenfield pharmaceutical projects through the automatic route, but ... Read more...
Posted in Uncategorized |
Concerned over possible hike in medicine prices: Jena
November 29th, 2011 - 6:50 pm ICT by IANS
New Delhi, Nov 29 (IANS) The government Tuesday expressed its concern over a likely increase in prices of medicines by international companies which are eyeing Indian firms after being allowed ... Read more...
Posted in Uncategorized |
Weak rupee brings cheer to seafood industry
November 22nd, 2011 - 3:40 pm ICT by IANS
Kochi, Nov 22 (IANS) The rupee plummeting to a record low by touching Rs.52.73 against the US dollar has brought cheer to the export-oriented seafood industry.Anwar Hashim, vice chairman of ... Read more...
Posted in Business |
Pawar urges states to increase milk production
November 18th, 2011 - 8:53 pm ICT by IANS
New Delhi, Nov 18 (IANS) Concerned over the shortage of milk, dairy products, meat and poultry pushing up food inflation, union Agriculture Minister Sharad Pawar Friday asked the states ... Read more...
Posted in Business |
Rs.2,100 crore sanctioned for textiles parks
October 27th, 2011 - 6:03 pm ICT by IANS
New Delhi, Oct 27 (IANS) The government has sanctioned Rs.2,100 crore to set up 21 new textiles parks across the country with advanced infrastructure and upgraded technology, Commerce and Industry ... Read more...
Posted in Business |
US MNCs may expand business in Bangladesh market
April 14th, 2011 - 1:21 pm ICT by IANS
Dhaka, April 14 (IANS) The annual trade turnover between Bangladesh and the US, likely to exceed $6 billion this year, may prompt some major US brands to expand their business ... Read more...
Posted in Business |
Malawi farmers scramble to produce pulses for India
April 3rd, 2011 - 1:49 pm ICT by IANS
New Delhi, April 3 (IANS) Farmers in the landlocked southeast African country of Malawi are shifting from their traditional crops to grow pulses to meet the increasing demand in the ... Read more...
Posted in Business |
Stringent visa rules, fear of attack on ethnic students affecting Oz varsity export earnings
September 15th, 2010 - 2:44 pm ICT by ANI
Melbourne, Sept.15 (ANI): Universities in Australia rely heavily on foreign student fees to keep themselves financially afloat, but over the past 18 months, a number of factors have led to a fall ... Read more...
Posted in World |
No minimum wages in 34 industries in Bangladesh
August 26th, 2010 - 4:14 pm ICT by IANS
Dhaka, Aug 26 (IANS) Known in the global market for its cheap labour, Bangladesh does not have minimum wages for 34 industries and has not revised wages in a dozen others for ... Read more...
Posted in Business |
W. Bengal’s idol-makers are hit by recession in exports
July 30th, 2010 - 5:49 pm ICT by ANI
By Sankha GhoshKolkata, July 30 (ANI): Idol makers in West Bengal state are still feeling the recession, as the orders for idols of goddess Durga from abroad have drastically fallen for the ... Read more...
Posted in National |
Bangladesh garment workers world’s most poorly paid: Survey
June 20th, 2010 - 2:19 pm ICT by IANS
Dhaka, June 20 (IANS) Bangladesh's garment sector workers are "the world's most poorly paid" and their rights are being abused increasingly, an international trade union body has said.
Poor wages and working conditions, ... Read more...
Posted in World |
Bangladesh weavers strike work, demand Indian yarn
May 13th, 2010 - 11:39 am ICT by IANS
Dhaka, May 13 (IANS) Over 1.3 million handloom and powerloom units across Bangladesh have launched an indefinite strike demanding import of yarn from India through the Benapole land port to meet the ... Read more...
Posted in Business |
Indian IT exports to touch $50-billion despite meltdown
February 4th, 2010 - 8:15 pm ICT by IANS
Bangalore, Feb 4 (IANS) The resilient Indian information technology (IT) and business process outsourcing (BPO) industry will earn $50 billion (Rs.231 billion/Rs.23,100 crore) in exports by end of this fiscal, posting 5.5 ... Read more...
Posted in Business |
Venezuela announces currency devaluation
January 10th, 2010 - 1:39 pm ICT by IANS
Caracas, Jan 10 (IANS/EFE) Venezuelan President Hugo Chavez has announced a currency devaluation and the introduction of a two-tiered official exchange rate as his government aims to boost a sagging economy.
The official ... Read more...
Posted in Business |
Pharma exports up 29 percent to $9.35 bn
September 25th, 2009 - 7:06 pm ICT by IANS
Hyderabad, Sep 25 (IANS) India's exports of drugs, pharmaceuticals and fine chemicals grew by 29 percent last fiscal to Rs.39,538 crore (around $9.35 billion) compared to the previous fiscal, Commerce and Industry ... Read more...
Posted in Business |
Indian pharma exports up by 29 percent in 2008-09
September 25th, 2009 - 5:39 pm ICT by ANI
Hyderabad, Sept 25 (ANI): Union Minister of Commerce and Industry Anand Sharma today said that the exports of drugs, pharmaceuticals and fine chemicals for the year 2008-09 stood at Rs.39,538 crore, registering ... Read more...
Posted in Business |
Create effective mechanism to deal with delayed monsoon: CII
August 13th, 2009 - 10:35 pm ICT by IANS
New Delhi, Aug 13 (IANS) The Confederation of Indian Industry (CII) has come up with a five-point agenda to counteract the effect of delayed monsoon on the economic growth.
In a statement issued ... Read more...
Posted in Business |
US, China won’t slow government spending ‘too soon’
July 28th, 2009 - 6:51 am ICT by IANS
Washington, July 28 (DPA) The US and China agreed to maintain aggressive measures to stimulate their economies until a global recovery takes hold, US officials said after talks with their Chinese counterparts ... Read more...
Posted in Business |
2,000 jobs lost due to workers’ agitation: Bangladeshi minister
July 1st, 2009 - 3:34 pm ICT by IANS
Dhaka, July 1 (IANS) Over 2,000 jobs were lost as a garment factory was burnt down in a workers' agitation for which instigation came from "a certain quarter", a Bangladeshi minister has ... Read more...
Posted in Business |
Cheap credit, tax exemption for garment exporters advocated
June 17th, 2009 - 8:18 pm ICT by IANS
New Delhi, June 17 (IANS) Federation of Indian Chamber of Commerce and Industry (FICCI) has called for cheap export credit and income tax exemption for export earnings for India's garments exporters.
At a ... Read more...
Posted in Business |
Havells in expansion mode, targets Rs.500 crore from exports
June 17th, 2009 - 4:52 pm ICT by IANS
Baddi (Himachal Pradesh), June 17 (IANS) Electrical and power equipment major Havells India is expanding its switchgear business to take its export earnings from Rs.150 crore to Rs.500 crore in the next ... Read more...
Posted in Business |
BEL sales up 13 percent, pre-tax profit down
April 2nd, 2009 - 7:30 pm ICT by IANS
Bangalore, April 2 (IANS) State-run Bharat Electronics Ltd (BEL) posted a turnover of Rs.46.18 billion in 2008-09 as against Rs.41.03 billion notched up the previous fiscal, registering a 13 percent year-on-year (YoY) ... Read more...
Posted in Business |
Bangladesh fears militant attacks on garment factories
March 24th, 2009 - 7:50 pm ICT by IANS
Dhaka, March 24 (DPA) Bangladesh Tuesday alerted its intelligence agencies and local governments against possible militant attacks on garment industries contributing major export earnings to its economy, a junior minister said.
"We have ... Read more...
Posted in Business |
Vaghela to lay foundation stone of ”Handloom Marketing Complex” today
February 17th, 2009 - 11:26 am ICT by ANI
New Delhi, Feb 17 (ANI): Union Textiles Minister Shankersinh Vaghela will lay the foundation stone of "Handloom Marketing Complex" here today.The new marketing complex, exclusively for the handloom fabrics from ... Read more...
Posted in National |
Vaghela to lay foundation stone of ”Handloom Marketing Complex” tomorrow
February 16th, 2009 - 5:33 pm ICT by ANI
New Delhi, Feb 16 (ANI): Union Textiles Minister Shankersinh Vaghela will lay the foundation stone of "Handloom Marketing Complex" here tomorrow.
The new marketing complex, exclusively for the handloom fabrics from ... Read more...
Posted in National |
India’s marine products’ export falls 10 percent
January 20th, 2009 - 3:55 pm ICT by IANS
Bhubaneswar, Jan 20 (IANS) India's marine product export earnings declined at least 10 percent last year following a slump in demand triggered by the global financial meltdown, a senior industry official here ... Read more...
Posted in Uncategorized |
Japan’s stock market ends worst year in trading history
December 30th, 2008 - 6:21 pm ICT by IANS
Tokyo, Dec 30 (DPA) For Tokyo's traders, it was the worst year on record for Asia's leading stock market - dragged down by the global financial crisis and the yen strengthening against ... Read more...
Posted in Uncategorized |