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IMPORTERS DEMAND
Rupee weakens for third session as importers step up dollar bids, foreign outflows biteThe Indian rupee declined for three consecutive trading sessions due to increased dollar buying by importers. Elevated oil prices and forei...- India expected to extend duty-free cotton imports through December, sources sayIndia is expected to extend the 11% customs duty exemption on cotton imports until the end of December to ease supply shortages, lower dome...
- India's gold import route changing course for a benefit all jewellers wantIndia is diversifying its gold import sources as expanding domestic refining capacity, tax incentives and the India-UAE trade pact reshape ...
- Gap apparel supplier Gokaldas eyes doubling Europe exports share to cut US relianceGokaldas Exports, a prominent Indian apparel supplier, expects to increase its export share to Europe significantly. The company currently ...
- Telecom rules alone can't stop online scams, entire ecosystem must act: GSMA chiefGSMA emphasizes the need for unified regulations to effectively combat online scams and maintain public trust. Vivek Badrinath highlights t...
- India's Scotch probe of Diageo, Pernod undermining India-UK pact benefits, trade group saysThe British government said "iconic UK products" like whiskies would benefit from the pact. Indian investigators, however, have privately t...
- Diet Coke, beer makers get 6-month breather as govt extends aluminium can certification deadlineThe government has extended the deadline for quality certification of aluminium beverage cans to April 2027. The extension provides manufac...
- Silver prices slide below Rs 2 lakh/kg, down nearly 55% from Jan peak. What’s behind the rapid selloff?MCX silver prices fell below Rs 2 lakh per kg after a sharp two-day decline, as a stronger dollar, elevated bond yields and hawkish US Fede...
- Nippon Silver ETF, other silver ETFs slide up to 4% as silver prices tumble. Here’s whySilver ETFs tumble up to 4% as India permits 6,500 metric tonnes of silver imports over six months, raising expectations of easing domestic...
- Hindustan Zinc shares drop 4% as India allows large silver imports despite weak demandHindustan Zinc shares fell sharply on Friday after India issued permits to import 6,500 metric tonnes of silver over the next six months to...
- Urea imports surge 40% despite push to cut chemical fertilisersTotal urea imports in the April-September period rose to 5.589 million tonnes from 3.979 million tonnes in the first half of last fiscal ye...
- LNG imports up 9% in Mar-Sep; US, Oman & Nigeria bridge supply gapIndia has increased its liquefied natural gas imports from the US, Oman, and Nigeria significantly since the Iran war. The country now impo...
- 6,500 metric tons incoming in next six months: India opens festive floodgates for silverThe increased allocation could support international silver prices while bringing down elevated premiums in India, where tight supplies hav...
- Hormuz war risk pushes crude shipping costs sevenfold, squeezes refiners' margins: Goldman SachsGlobal crude oil freight rates are rising due to war-related risks in the Strait of Hormuz and increased ship-to-ship transfers. Goldman Sa...
- India could be among top 5 global markets for Glenfiddich maker as whisky drinkers trade upIndia is projected to enter the top five global markets for William Grant & Sons in the coming years. The free trade agreement with the UK,...
- Copper stays range bound as US tariff uncertainty, oil inflation risks weighCopper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautiou...
- Drill, baby, drill: China turns the screws, India looks for own toolsChina’s new export controls on tunnel boring machines (TBMs) have highlighted India’s reliance on overseas suppliers for specialised infras...
- Govt shelves import plan to tackle diminished coal stockpilesIndia has shelved a proposal to mandate coal imports because of rising costs and a weaker rupee. Policymakers are instead encouraging Coal ...
- Rupee ends flat as stock slump, importer hedging erodes bounceThe Indian rupee held steady even as it initially surged, influenced by rising dollar demand from importers. However, the local stock marke...
- Rupee rises for fourth straight day, closes at 95.15The Indian rupee closed at 95.15 against the US dollar, marking the fourth consecutive day of gains. It reached an intra-day peak of 94.77,...
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