The government has reduced the toll rates up to 50 per cent for the sections of national highways that have structures like tunnels, bridges, flyovers or elevated stretches, a move which will lower travelling costs for motorists. User charges at fee plazas on national highways are collected as per NH Fee Rules, 2008. The Ministry of Road Transport and […]
The reduction in import duties on crude edible oils is expected to enhance the competitiveness of domestic refiners, according to a report by CareEdge Ratings. The reduction encourages refiners to prioritize crude imports over refined oils, thereby increasing capacity utilization and refining margins through greater domestic processing. Announced on May 30, the government’s decision to slash […]
Seafood Exporters Association of India (SEAI), Kerala region, sought immediate govt assistance to address a severe crisis affecting the livelihoods of 1.4 million people in the state, following environmental difficulties and export-related challenges. SEAI Kerala president, Premachandra Bhat, said Kerala has declined from its position as the leading seafood exporter to fifth place, primarily due to […]
Any further escalation of the ongoing war between Iran and Israel will have wider implications for India’s trade with West Asian countries, including Iraq, Jordan, Lebanon, Syria, and Yemen, say experts. They said that the war has already started impacting India’s exports to Iran and Israel. The US attacked three sites in Iran early Sunday, inserting itself […]
India’s palm oil imports in May surged to a six-month high, as lower inventories and the tropical oil’s discount to rival soy oil and sunflower oil prompted refiners to increase purchases, according to five dealers. Higher palm oil and soy oil imports by India, the world’s biggest buyer of vegetable oils, could support Malaysian palm oil […]
Ekart, one of India’s leading logistics and supply chain providers, is now live on Open Network for Digital Commerce (ONDC), marking a significant step forward in the expansion of e-commerce logistics infrastructure. The integration brings Ekart’s pan-India capabilities to a growing base of network participants, offering sellers and brands of all sizes, from MSMEs to large […]
American electric carmaker Tesla Inc. has leased 24,565 sq. ft. of space at Lodha Logistics Park in Mumbai’s Kurla West. The transaction adds to the Elon Musk-promoted company’s steady expansion of its real estate footprint in India—through offices, showrooms, and now warehousing—as it inches towards an expected market entry. The five-year lease was signed between Tesla […]
British airline Virgin Atlantic is betting big on the “tremendous opportunities” in the Indian market and expects to carry more cargo from the country as business activities are set to rise with the India-UK free trade agreement. The carrier, which has been flying to India for 25 years, currently operates five flights daily from Delhi, Mumbai […]
Foreign importers are seeking updates from their Indian suppliers on the elevated geopolitical tensions with Pakistan amid slow cargo movement in certain ports, while some banks are taking longer to check documents related to shipments bound for Turkiye, exporters said, though ruling out any major concern in trade. “There were alerts for ports such as […]
India is expected to double its market share from 6 per cent in 2024 to 12 per cent in the UK’s readymade garments (RMG) imports, translating into an incremental annual export opportunity of around USD 1.1-1.2 billion in the near to medium term, according to CareEdge Ratings. On May 6, India and the UK successfully concluded […]