The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the sanctions, Britain said the ships being targeted had […]
The Indian government has taken immediate and decisive action to control the export of unapproved combination drugs containing Tapentadol and Carisoprodol manufactured by Aveo Pharmaceuticals, Mumbai, to certain countries in West Africa, the ministry of health and family welfare said in a statement. The ministry said that in January, the Central Drugs Standard Control Organisation (CDSCO), […]
India achieved a major milestone in its agricultural exports with the successful first ever trial shipment of pomegranates to Australia via sea, an official statement confirmed on Monday. This marks a crucial step in expanding market access for Indian produce while optimising costs compared to air freight. Until now, pomegranate exports to Australia were primarily carried […]
Any potential reciprocal tariff by US administration is likely to hurt nearly every large sector in India, with chemicals, automobile, textiles and footwear poised to be among the worst-hit, a note by Emkay Global has said. Chief Economist Madhavi Arora, however, added that President Trump has so far only announced a review, with April being the […]
Australia expects India to lower its wheat import duty later in 2025 to control high domestic prices. Australian officials see a potential market opening as India’s wheat production is forecasted at 115-116.4 million tonnes. However, below-normal rainfall may impact yields, with some traders predicting output below 110 million tonnes. Current wheat prices remain above the Minimum Support […]
In a major boost for transportation infrastructure in Nagaland, Indian Railways has successfully completed the first trial run of a freight train using Multi-Unit (MU) locomotives . The trial took place on the Shokhuvi-Molvom railway section, part of the Dhansiri-Zubza new line project, marking a crucial milestone in enhancing the region’s railway connectivity. This trial run, […]
The Union Budget has launched a strategic five-year Cotton Mission, focusing on increasing productivity in extra-long staple varieties through the use of advanced Science and Technology for farmers. This initiative aims to modernize the sector, align with the ‘5 F principle,’ and enhance the farming community’s income through improved yields and global competitiveness. This mission is […]
The United States metal companies and companies that import metals for their product manufacturing are likely to turn to the Middle East and India for aluminium supplies as they seek to bypass the extensive tariffs imposed by President Donald Trump, according to industry sources. Trump’s planned tariffs—25 per cent on imports from Mexico and most Canadian […]
Traders said that around 50 trucks loaded with export goods have been stranded at Burimari land port in Lalmonirhat’s Patgram upazila for three days due to Indian traders’ decision to halt imports. Importers at Changrabandha land port in Cooch Behar, West Bengal, have refrained from bringing in goods from Bangladesh since Sunday, according to traders at […]
Prices of rice shipped from top exporter India were steady at an 18-month low while Thai rates were also unchanged from last week, amid muted demand and rising supplies. India’s 5% broken parboiled variety was quoted at $429-$435 per metric ton this week, unchanged from last week. Indian 5% broken white rice was quoted at $432 […]