The expected decision by the Indian Government to grant concession on import duty of man-made fabrics (MMF) in order to improve the garment exports would pose a threat to the powerloom weaving and textile processing sector in the country. ...
Tags: Indian Government, import duty, MMF
Nokia said on Tuesday that it has filed letters of objection in India to protest actions by the country’s income tax authorities. These included a raid on its factory, which, the vendor claimed, ran counter to domestic laws and ...
Tags: Nokia, India, income tax authorities
Canada’s Generex Biotechnology, through its Indian licensee Shreya Life Sciences, has submitted a dossier of recently concluded Phase III trial results of its oral insulin ‘Generex Oral-lyn’ to the Indian government for ...
Tags: Generex Biotechnology, Shreya Life Sciences, oral insulin
Last Saturday, Heimtextil, the world's largest textile fair for home textiles, closed its doors in Frankfurt am Main. The 2013 exhibition took place from January 9 to 12. According to the organizers, 2,658 exhibitors from 62 countries ...
Tags: Heimtextil, home textiles, textile industry
The so called ‘unfavorable policies’ of the Indian government and persistent ‘ill-health’ of the US economy have started showing the signs which may not be welcomed by Indian jewellery industry. Thomson Reuters GFMS ...
Tags: Tough Time, India, Jewellery Traders
Indian Government has sought Rs. 7.5 billion loan from the Asian Development Bank (ADB) to revitalize and modernize the domestic Khadi industry, Union Minister of State for Micro, Small and Medium Enterprises (MSMEs) KH Muniyappa has said. ...
Tags: Indian Government, ADB, Khadi industry
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has warned that reducing India's 30 percent export duty on iron ore will harm the domestic steel industry which is currently experiencing a structural deficit of iron ore ...
Tags: ASSOCHAM, iron ore, India, metal industry
In a desperate move to restrict imports of gold, the Indian Government and Reserve Bank of India (RBI) are planning to further increase import duty on gold from prevailing 4% to 6%. It had quadrupled the gold import duty from 1% to 4% last ...
Tags: Government, India, Jewellery Industry
India's decorative paint market is growing at a healthy rate over the past few years. Demand from the real-estate has placed the Indian paint industry on a high growth trajectory. The thrust of the Indian Government on building up ...
Tags: India, decorative paint, RNCOS
Mr Beni Prasad Verma minister of Steel said that Indian government has notified 16 steel products, which have direct bearing on consumer health and safety and critical to infrastructure, under the Steel and Steel Products Order, 2012, which ...
Tags: Steel Product, Steel, Steel industry, Steel market
Indian textile exporters are concerned about the decline in demand for Indian clothing in international market and they demand incentives from both the Central and state governments to overcome the existing problems faced by the textile ...
Tags: Indian Textile, Indian, Incentives, Govt
Business Standard reported that GAIL is not in favour of letting go its first right to buy the Asian Development Bank's 5.2% stake in Petronet LNG Ltd. Mr BC Tripathi CMD of CMD of GAIL on the sidelines of a Ficci seminar on energy ...
Tags: Asian Development Bank, Oil, Natural Gas, petroleum
Oracle has agreed to pay a $2 million penalty to settle charges that it did not have proper controls to prevent employees at its Indian subsidiary from secretly setting aside funds from the company's books, the U.S. Securities and Exchange ...
Tags: Oracle, penalty, Indian subsidiary, SEC charges
The paints and varnishes market in the BRIC (Brazil, Russia, India and China) countries was valued over US$29 billion in 2011, representing an increase of 56.3 percent from the value recorded in 2007, according to a new report released by ...
Tags: BRIC, paints and varnishes market, report, increase
Grocers undoubtedly felt the economic pressures in 2012 with discounters enjoying buoyant growth as a result of an increase in value-seeking consumers. Shoppers' focus on value led to rising online sales and further investment in the ...
Tags: economic pressures, buoyant growth, value-seeking consumers