latest Market News

 General Motors India announced that President and Managing Director Kaher Kazem will hand over the reins of the company to Chief Financial Officer Sanjiv Gupta from September 1, 2017. Gupta will combine his role as GM India president and managing director with his finance leadership responsibilities. The company announced its exit from the Indian market in May this year and we already told you all about it. GM India will now only...

  • Posted on : Friday , 18th August 2017
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 Taking forward a long standing goal of the government, the latest economic survey has again harped on the need for India to achieve a respectable share of 5 per cent of global exports but exporters are not too sure how the country will get there.   Currently, the figure is 1.7 per cent in 2016, which the government has accepted is very low for an economy the size of India. Exporting powerhouse China supplies China’s commands...

  • Posted on : Friday , 18th August 2017
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 The Chamber of Marathwada Industries and Agriculture (CMIA) along with Federation of Indian Export Organisation (FIEO) will jointly hold a day-long training session on newly introduced Goods and Sales Tax (GST) for exporters and related stakeholders on Friday.   Different aspects related to the GST such as its core meaning, exports in the light of new tax regime, zero-rated supply, claims for different refunds, tax calculation and...

  • Posted on : Friday , 18th August 2017
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Two years ago, then US President Barack Obama lifted a long-standing ban on export of crude oil to India. The decision is finally coming to bear fruit, as the first shipment of crude oil from the United States worth $100 million reaches the Indian shores next month, after the recent deft diplomacy between Prime Minister Narendra Modi and the current US President Donald Trump opened the gates for Indian companies to import American...

  • Posted on : Friday , 18th August 2017
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 Triggered by a sharp increase in demand from the United States and the European Union, India's exports of rubber articles are likely to jump by over 10 per cent in the current financial year.   Over 6000 units involved in the business of manufacturing around 35,000 highly engineered rubber products for applications in railways, defence, submarine, highways and other such sectors. Of this around 100 large units and 3000 medium size...

  • Posted on : Friday , 18th August 2017
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