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Trade war deepens as Hong Kong, Chinese Customs hold back export consignments from India

by pallanus | Jun 25, 2020 | Business News

Exporter associations have written to the Ministry of Commerce about Hong Kong and Chinese Customs holding back export consignments from India. [REPRESENTATIVE IMAGE] File photo of inland container depot in Delhi (Photo Credits: PTI) Exporters in India are worried as...

US GDP fell at 5.0% rate in Q1; worse is likely on the way

by pallanus | Jun 25, 2020 | Business News

The US economy shrank at a 5.0 per cent rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic. (Representational Image) The US economy shrank at a 5.0 per cent rate in the first...

Indians’ money in Swiss banks down 6% in 2019; hits 3rd lowest in over three decades

by pallanus | Jun 25, 2020 | Business News

Funds parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell nearly 6 per cent in 2019 to 899 million Swiss francs (Rs 6,625 crore), annual data from Switzerland’s central bank showed on Thursday. This marks the...

Indian shares end lower in wake of IMF outlook, surge in coronavirus cases

by pallanus | Jun 25, 2020 | Business News

The IMF on Wednesday evening predicted the Indian economy would contract by 4.5 per cent in 2020. File photo of Bombay Stock Exchange (Photo Credits: PTI) Indian shares closed slightly lower on Thursday after a volatile session, as investors weighed a downbeat growth...

Boycotting China needs time. Here’s what India can do

by pallanus | Jun 25, 2020 | Business News

A tense situation prevails between India and China after the recent border clash at Ladakh’s Galwan River Valley, which led to the death of over 20 Indian soldiers. The episode has sent shockwaves through the entire nation, with many industry and trade bodies...
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