latest Market News

Cotton consumption will increase by 10-15 percent in 2013 on the back of higher ready-made garment exports, industry insiders said yesterday.   “RMG exports are displaying a distinct upward trend, which will increase demand for cotton,” said Jahangir Alamin, president of Bangladesh Textile Mills Association (BTMA).   In July-November, knitwear exports increased year-on-year by 1.74 percent, woven by 10.16 percent and...

  • Posted on : Tuesday , 8th January 2013
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Analysts say that while markets gained globally, Indian markets outperformed others because of the reform push that came after September   Mumbai: After a dismal show a year ago, the Indian stock market emerged as the third best performer globally in 2012, with a return of over 25 percent for a key index on the back of $24 billion foreign fund inflows and robust buying by domestic investors.   The 30-share sensitive index (Sensex)...

  • Posted on : Wednesday , 2nd January 2013
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NEW DELHI: From Tuesday, exports to conventional markets such as US and Europe will be eligible to fetch government incentives.    Concerned over the shrinkage of Indian exports during the first eight months of the current fiscal, the government has notified a scheme whereby an exporter is entitled to get an incentive even if exports are meant for US, Europe or China, three key destinations of Indian exports.    Earlier,...

  • Posted on : Wednesday , 2nd January 2013
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In view of the deadlock over imposition of export duty of 20 per cent on galvanised steel in  Kolkata port, a temporary arrangement has been reached to provide relief to the exporters.   The port authorities have allowed exporters to ship the commodity in lieu of bonds, till the Central Board of Excise and Customs (CBEC) come out with a clarification on the issue. cal cliff' crisis heads to resolution in Congress More “As a...

  • Posted on : Wednesday , 2nd January 2013
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SHILLONG: The Meghalaya Mines and Minerals Policy, 2012, has specified that the state has decided to 'encourage' value-added mineral products. To achieve this, the state government will promote and organize trade fairs and similar events and give wide publicity to possibilities of export of value-added mineral products.   "The policy has been formulated with an aim to facilitate systematic, scientific and planned utilization of...

  • Posted on : Tuesday , 8th January 2013
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