1776336501 photo

Indian exports face rising cost pressure as EU plans carbon tax expansion: GTRI

As the European Union is set to widen its carbon border tax regime, Indian exports could face significantly higher carbon-related costs as the regime widens its scope, according to a report by the Global Trade Research Initiative (GTRI).The report said the European Parliament’s environment committee has proposed extending CBAM to around 180 additional steel- and…

Read More
1776332806 photo

PM Modi, Austrian Chancellor Stocker hold talks, sign MoUs to boost trade, tech ties

Prime Minister Narendra Modi met Austrian Chancellor Christian Stocker in New Delhi’s Hyderabad House on Thursday, holding wide-ranging talks as the two sides exchanged MoUs. Stocker is currently on a four-day visit to India, his first since taking office last year. According to the ministry of external affairs, the meeting focused on strengthening bilateral cooperation…

Read More
1776329147 photo

Strait of Hormuz disruptions hit! India’s LPG imports halve from February levels, domestic output also hit

The United States has emerged as India’s largest LPG supplier so far this month. (AI image) In wake of the Middle East conflict, India’s Liquified Petroleum Gas (LPG) imports have dropped sharply this month, falling to nearly half of February levels and extending the decline seen in March, according to shipping data. At the same…

Read More
1776325509 photo

New record! Apple’s India vendors export $2.5 billion components to China; may reach $3.5 billion under ECMS

Experts say the surge in electronics exports represents an unexpected boost from the smartphone production-linked incentive scheme. (AI image) In a big achievement for the government’s electronics component manufacturing scheme (ECMS), Apple’s India vendors have already exported a record $2.5 billion components to China. The development also signals a shift from the earlier pattern, where…

Read More
1776321862 photo

Gold, silver price prediction today: Will gold head to Rs 1.65 lakh/10 grams & silver rise to Rs 2.80 lakh/kg?

Gold appears set to extend its advance toward the 165,000 level in the upcoming sessions. (AI image) Gold and silver price prediction today: Gold and silver prices may extend gains in the coming days, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly chart, MCX…

Read More