latest Market News

November 18, 2012:  The Central Government owns 12 ports. Although these ports are referred to as major ports in common parlance, only eleven are ‘Major Port Trusts’ as per law, and the twelfth is a corporate entity. Some time back, the Government decided to convert Port Blair and the ports in Andaman & Nicobar Islands into a Major Ports but the decision could not be implemented.   The Maritime Agenda of the Shipping...

  • Posted on : Wednesday , 21st November 2012
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Chennai, Nov 16:Indian-owned, New York Stock Exchange-listed Amira Nature Foods has secured an order from an Indonesian buyer for the supply of 90,000 tonnes of Indian speciality rice (basmati) for $39.4 million.   Amira, set up in 1915 and owned by the Chanana family, came out with its IPO in the US in October this year. The company then said that the listing of Amira on NYSE was the “the first NYSE listing from India in the past...

  • Posted on : Monday , 19th November 2012
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India and Japan today inked two strategic agreements including one that will enable Tokyo to import rare earth minerals, a move which will help it to reduce its heavy reliance on China for the key material that is vital for producing a range of high-tech products.   The agreements, both of which were supposed to be signed during the now cancelled trip of Prime Minister Manmohan Singh, were inked by Japanese Foreign Minister Koichiro Gemba...

  • Posted on : Monday , 19th November 2012
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Indian textile and apparel exporters hope that the re-election of Barack Obama as the US President will be good for the Indian textile industry and will improve the relationships between the two countries.   Mr. M Rafeeque Ahmed, president of Federation of Indian Export Organizations, told fibre2fashion, “This will be good for the textile industry. Currently, Indian exports to the US market are growing at a pace of 15 percent per...

  • Posted on : Friday , 9th November 2012
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The rupee recovered by 9 paise to Rs 54.27 against the US dollar in early trade today at the Interbank Foreign Exchange on dollar selling by exporters and banks.   Besides, a higher opening in the domestic equity market and euro and yen's strengthening against the American currency overseas also supported the rupee, dealers said.   The rupee had lost 16 paise to close at 54.36 against the dollar yesterday on heavy demand for the...

  • Posted on : Friday , 9th November 2012
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