The president of the Federation of Indian Export Organisation (FIEO), Ashwani Kumar, has projected that the nation’s merchandise exports will likely hit USD 450 billion by the end of this financial year, despite facing geopolitical hurdles such as the Red Sea crisis. He emphasised the urgency of tackling challenges arising from the Red Sea crisis […]
India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]
Exports from India to Australia have grown by 14 per cent to USD 5.8 billion in April-November this fiscal year due to the strong growth of various sectors, such as engineering, pharmaceuticals and electronics, according to a senior official’s statement on 29 December. The interim free trade agreement implemented on 29 December last year has […]
Reliance Retail, under the control of Mukesh Ambani, is reportedly engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, regarding a potential additional round of investments totaling around USD 1.5 billion. These talks are part of an internal objective to secure USD 3.5 billion in investments by […]
Reliance Retail-backed Dunzo’s logistics arm, Dunzo4Business (D4B), has announced plans to expand its operations to 10-15 cities within the next 12-18 months. Dalvir Suri, co-founder of Dunzo and head of D4B, stated that the company is collaborating with the Open Network for Digital Commerce (ONDC), a government-supported initiative, to facilitate intracity last-mile delivery of products. […]
