US crude down 4% to hit 6-1/2-year low on surprise stock build
US crude down 4% to hit 6-1/2-year low on surprise stock build

US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.

India's exports to Greece fall 15% on debt crisis: Govt

The financial crisis in Greece has led to a 15.45 percent fall in India's exports to the European nation during the first quarter of this fiscal, Parliament was informed Wednesday.

Bipartisan bill introduced to end ban on crude oil export

An influential group of Senators from both the Republican and Democratic parties have introduced a legislation in US Senate to end the 1975 ban on crude oil export, which could benefit gas and oil deficient countries like India.

Strong India rupee stings Modi's export ambitions,

Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales.

India's exports may fall short by $30-32 bn in 2014-15

India's exports may again miss the target in 2014-15 and be in the range of USD 308-310 billion as against the target of USD 340 billion, a senior Commerce Ministry official has said.

Government cuts minimum export price of onion to $250/tonne

The government has slashed the minimum export price (MEP) of onion by USD 50 per tonne to USD 250 per tonne, a move which would help in encouraging exports of the commodity.

Current account deficit doubles to $8.2 bn of GDP in Dec quarter
Current account deficit doubles to $8.2 bn of GDP in Dec quarter

India's current account deficit (CAD) doubled to USD 8.2 billion or 1.6 percent of gross domestic product (GDP) in the October-December quarter on a year-to-year basis.

Export from Indore SEZ likely to touch Rs 3,500 cr in FY15

Export from the Special Economic Zone (SEZ) in Madhya Pradesh's Indore can touch Rs 3,500 crore in the current financial year if the bullish sentiment in global demand continues to drive the growth.

Rupee gains 14 paise against dollar in early trade

The rupee recovered by 14 paise at 62.20 against the US dollar in early trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.

Govt removes minimum export price on potato

The government has decided to remove the minimum export price of potato as its availability has increased and prices have eased in domestic markets.

US challenges Chinese export subsidies

The United States on Wednesday launched a legal challenge to Chinese subsidies supporting billions of dollars of exports across a wide swathe of industries from steel to shrimp.

Rupee up 7 paise against dollar in early trade

Recovering from nearly four-week low, the rupee today rose by seven paise to 62.10 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of dollars by exporters.

Bollywood is India's biggest cultural entertainment export: Grammy-nominated DJ

 Indian music has amassed global recognition largely due to Bollywood as it has become an enduring part of Hindi filmdom. Calling Bollywood the "biggest cultural entertaining export", Grammy-nominated DJ and producer Paul van Dyk says he wants to make a Bollywood video replete with dance and celebration.

Trade deficit widens to $16.8 bn; gold imports surge 6-fold

An over six-fold jump in gold imports in November has pushed country's trade deficit to one-and-a-half year high of USD 16.86 billion in the month, causing fresh concerns for economic policy makers.

Denmark cuts growth forecast as demand for exports slackens

Output growth is now expected to reach 0.75 percent this year, down sharply from a prediction of 1.4 percent made in August

Government relaxes export norms for cotton

The government Monday relaxed export norms for cotton and cotton yarn, doing away with the need to register contracts, to help boost outbound shipments of the commodity.

India's coffee exports pegged at 5.02 mn bags this year: USDA

India's coffee exports are expected to increase marginally to 5.02 million bags in the ongoing 2014-15 marketing year even as Indian coffee remains high-priced in the global markets, says the latest USDA report.

BHP to export ultralight oil, testing US crude ban

Mining giant BHP Billiton said Wednesday it plans to ship ultralight oil from the United States without the government`s explicit permission in a move that will test a four-decade-long ban on crude exports.

Wider US trade deficit, weak exports point to slower growth

The US trade deficit unexpectedly widened in September as exports hit a five-month low, suggesting slowing global demand could undercut economic growth in the final three months of the year.

'Plans to export Alto K10 to Africa,Latin America,Middle East'

India's largest car maker, Maruti Suzuki, plans to export its next generation small car Alto K10 to Africa, Latin America and the Middle East, a top official said here today.