Thursday, December 19

Tag: exports

Raimondo Says Commerce Needs More Money to Halt China Chip Drive
2Dec By adminNo Comments
Money

Raimondo Says Commerce Needs More Money to Halt China Chip Drive

US Commerce Secretary Gina Raimondo said her department needs more money to stop China from catching up on cutting-edge semiconductors.“We cannot let China get these chips. Period,” she said at the Reagan National Defense Forum in Simi Valley, California, on Saturday. “We’re going to deny them our most cutting-edge technology.”
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Rise: Exports see fastest rise in a year, up 6.3% in October; imports at a new high
16Nov By adminNo Comments
Business

Rise: Exports see fastest rise in a year, up 6.3% in October; imports at a new high

NEW DELHI: India's goods exports went up 6.3% in October, the fastest pace of expansion in nearly a year, while imports soared to a record $65 billion, rising 12.3%.As a result, the trade deficit hit a new high of $31.4 billion, eclipsing the previous record of $30 billion in July 2022. It was only the second time this year that exports grew with revised numbers for August estimating an increase of 3.8%."Some of the data in the first week of November suggests that green shoots are stabilising. We are hopeful that we will cross last year's numbers. This is happening despite falling commodity prices," commerce secretary Sunil Barthwal told reporters.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCampaignActive) { return; } ...
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Exports up 6.21% to $33.57 billion in October; trade deficit high at $31.36 billion: Govt data
15Nov By adminNo Comments
Business

Exports up 6.21% to $33.57 billion in October; trade deficit high at $31.36 billion: Govt data

NEW DELHI: India's merchandise exports rose by 6.21 per cent to $33.57 billion in October this year even as trade deficit ballooned to $31.46 billion during the month, government data showed on Wednesday.Imports increased to $65.03 billion in the month under consideration, as against $57.91 billion recorded in October 2022.The country's trade deficit in October stood at $31.46 billion.During the April-October period of this fiscal year, exports contracted by 7 per cent to $244.89 billion. Imports during the seven-month period fell by 8.95 per cent to $391.96 billion.Commerce Secretary Sunil Barthwal said the trade numbers in October reflect 'green shoots' of recovery in outbound shipments. !(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if (!isFBCam...
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Hyundai reports highest ever monthly sales in September at 71,641 units
1Oct By adminNo Comments
Business

Hyundai reports highest ever monthly sales in September at 71,641 units

NEW DELHI: Hyundai Motor India on Sunday said its total wholesales increased 13 per cent year-on-year to 71,641 units in September, its highest ever in a month. The country's second largest carmaker had dispatched 63,201 units to dealers in September last year. Domestic sales last month rose to 54,241 units, up 9 per cent from 49,700 units in September 2022, Hyundai Motor India said in a statement. Exports were higher at 17,400 units last month from 13,501 units in September 2022, an increase of 29 per cent. "While the industry grew by 2 per cent last month, our domestic dispatches were up 9 per cent. The share of SUV sales in our overall volumes continues to grow," Hyundai Motor India COO Tarun Garg told PTI. The ongoing festive season has resulted in strong sales momentum, helping the...
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