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exports and imports of goods and services declined 2.5% on-year in January-June 2023 at $800.9 billion, think tank Global Trade Research Initiative (GTRI) said Monday. Exports of goods and services rose 1.5% to $385.4 billion in the first six months of the calendar year as against $379.5 billion in the corresponding period a year ago while imports dipped 5.9% to $415.5 billion from $441.7 billion in January-June 2022. In merchandise trade, exports fell 8.1% to $218.7 billion, while imports contracted 8.3% to $325.7 billion. “Data is showing modest decline due to weak global demand and losing competitiveness in labour intensive sectors,” said GTRI Co-founder Ajay Srivastava. Services exports during the six months grew 17.7% to $166.7 billion, while imports rose 3.7% to $89.8 billion. India exports goods to 240 countries and out of that, the country's outbound shipments declined in 134 destinations. Major countries where exports declined include the US, UAE, China, Bangladesh, and Germany.

₹5 crore for the first two quarters, and thereafter, for an amount equivalent to LF for two quarters and other dues not otherwise securitized. The recommendations state that Gross Revenue (GR) shall comprise revenue accruing to the licensed entity by way of all operations or activities and inclusive of all other revenue or income on account of interest, dividend, rent, profit on sale of fixed assets, miscellaneous income and so on without any set-off for related items of expense.

Hyderabad (Telangana) [India], August 21: City-based multi-brand mobiles retail chain Big-C Mobiles has targeted a turnover of Rs. 1,500 crore in the current financial year. The company achieved Rs.

(Reuters) -Industrial materials maker DuPont (NYSE:DD) De Nemours said on Monday it has agreed to sell an 80.1% stake in its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, in a deal that values the business at about $1.8 billion.

Cuba in early August announced it was taking a major step towards electronic banking and a «cashless» society, the offices of fledgling small businesses across the communist-run country were left scrambling to figure out how to respond. Most alarming to many budding entrepreneurs was a new 5,000 peso ($20) daily cap on cash withdrawals for businesses, one of several measures the government said were aimed at forcing Cubans to do their transactions electronically, via transfer, online payment and bank cards.

₹5.60 lakh (ex-showroom), this special edition electric motorcycle serves as a homage to the Chandrayaan-3 mission and marks a tribute to India's remarkable space journey. The EV startup asserts that this latest model is a testament to their respect for India's space odyssey. Ultraviolette Automotive asserts that the F77 Space Edition draws its inspiration from India's progress in space research and technology.

ISRO) on Monday said a two-way communication has been established between Chandrayaan-2 orbiter and Chandrayaan-3 mission's lander module. "‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

Relative Strength Index (RSI), has gained significant attention for its ability to provide insights into stock movements and potential trends. In a recent observation by StockEdge, over 30 stocks were found to be trading with a downtrend in RSI. Of these, ETMarkets handpicked 10 stocks that exhibited intriguing patterns, opening avenues for deeper analysis and investor consideration.

MUMBAI — Electronics Mart India (EMIL) has been one of the best-performing stocks in the consumer durables space, giving about 50% returns to investors so far in 2023. The company is the fourth largest consumer durables retailer in India, having 133 stores across 47 cities and six states.

India's services segments has helped the country's total exports and imports of goods and services to cross the USD 800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to USD 385.4 billion during January-June this year, as against USD 379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to USD 415.5 billion during the six months of this year, as against USD 441.7 billion in January-June 2022.

Bharat Electronics Ltd. traded at Rs 127.85 on BSE at 11:22AM (IST) on Monday, up 0.59 per cent. The stock quoted a 52-week low price of Rs 87.0 and a high of Rs 133.25.

NEW DELHI : The government should give incentives for research and development projects on advanced battery technology, said a CII report on Sunday. The report on battery manufacturing and its ecosystem released by the Confederation of Indian Industry (CII), suggested that incentives be given from a dedicated fund for the development of the battery technology ecosystem.

Defence Research and Development Organisation (DRDO) has said there was no collateral damage from crash of Tapas unmanned aerial vehicle (UAV) in Karnataka Sunday morning. “TAPAS UAV was undergoing an experimental flight trial today morning from ATR Challakere, Karnataka. During the flight, a technical snag was encountered and the UAV crashed in a nearby farmland.

₹51,000 crore. However, the government expects higher non-tax revenues, including higher dividends from the Reserve Bank of India (RBI) and public sector banks to offset any revenue shortfall and maintain the fiscal deficit target of 5.9% (of the GDP), despite not meeting the divestment target. “The divestment of IDBI bank is unlikely to happen this fiscal.

Musicians authorized a strike against the Philadelphia Orchestra if bargaining breaks down for an agreement to replace the four-year deal that expires on Sept. 10

semiconductors and electronics in the one year since President Joe Biden signed off on a law that promotes the sector. In June, US-based Intel said it would invest $33 billion in Germany to expand in Europe. The number of semiconductor fabs processing 300-mm wafers globally is projected to jump from 138 in 2020 to 180 in 2023 and 233 in 2027.

As Chandrayaan-3 Mission is at its final stage before its historic landing scheduled for 23 April, Mahindra Group Chairman Anand Mahindra has expressed his excitement on the X platform (formerly known as Twitter). Business magnate Mahindra wrote said he will eagerly wait, pray and cheer for theChandrayaan-3 spacecraft's soft landing on the lunar surface.

invoice on a mobile app as the government is likely to launch the long awaited 'Mera Bill Mera Adhikar' scheme soon. Under the invoice incentivisation scheme, cash prize of Rs 10 lakh to Rs 1 crore monthly/quarterly could be given to individuals who upload invoice received from retailer or wholesaler on the app, two officials told PTI. The 'Mera Bill Mera Adhikar' mobile app will be available on both IOS and android platforms.

The proposed national e-commerce policy is in the final stages and no new draft policy will be issued now for seeking the views of stakeholders, a senior government official said. The new e-commerce policy is being formulated by the commerce ministry. On 2 August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.

ctet.nic.in. The admit card of the applicants includes details of examination city and centre allotted to them. The CTET examination consists of two papers: Paper I is designed for individuals aspiring to become teachers for classes I to V.

Former RBI Governor and an acclaimed economist Raghuram Rajan always finds himself at the centre of controversy for his comments that don't sink well with the centre government. Replying to one of his recent comments, Union Minister Ashwini Vaishnaw called Rajan a politician and accused him of "doing shadow-boxing on somebody’s behalf". He also advised Raghuram Rajan of either sticking to economics or turn into a politician.