"In view of the importance of exports in earning foreign exchange and in providing income and employment; and of imports in bringing in essential requirements of raw materials, intermediates, finished goods and technology, measures are being taken to support the foreign trade sector." it said. … [Read more...] about COVID-19 impact: RBI announces measures to support foreign trade
Wuhan dongfeng foreign trade co ltd
"According to executives, Sikka's product mindset did not work for the company and eventually led to his departure. Then came Parekh’s appointment at a time the company was looking for an executive who would bring in stability," said Pareekh Jain, founder, Pareekh Consulting. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
Q) We saw some short covering in banking space – what were the factors behind the move, and do you think the rally will last?A) The sudden rally in the banking space on Wednesday (May 27) can be attributed to short covering. Foreign Portfolio Investors (FPIs) have been net sellers in Indian equities for the past three months and prior to May 28th expiry, FPIs dived in, which led to the momentum in the banking stocks. … [Read more...] about ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’
Observing that the world is now suffering as a result of the malfeasance of the Chinese government, Trump reiterated that China's cover-up of the Wuhan virus allowed the disease to spread all over the world, instigating a global pandemic that has cost more than 100,000 American lives and over one million lives worldwide. … [Read more...] about Trump says US terminating relationship with WHO; takes steps against China
The Major Ports Authorities Bill, 2020 was cleared by the Cabinet in February, 2020. The Bill seeks to provide greater autonomy to major ports. Replacing the Tariff Authority for Major Ports (TAMP) which has been a major reason for higher costs, every port will now be governed by a Port Authority which will have the powers to fix reference tariffs for various port services. … [Read more...] about Modi 2.0: High logistics costs mar shipping industry as it awaits clearance of Major Ports Bill