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Category Archives: Banking & Finance

India aims for US$1trn from goods and services exports

Govt to spend US$1bn on promoting services India aims for US$1 trillion of goods and services exports in its US$5 trillion economy by year 2026-27. Citing the export potentials, Commerce and Industry Minister Suresh Prabhu has called for services to be captured in the global trading

India focus on China’s US$1trn healthcare market

Study on how to access Chinese market India has released a study is underway on “Enhancing Indian Exports of Pharmaceutical products to China”, as the Chinese healthcare sector is expected to balloon to US$1 trillion in 2020 from US$357 billion in 2011.

PM urges states to focus on exports

State consultation sought on “Ease of Doing Business” Prime Minister Narendra Modi has urged the States to pay special attention to expanding their exports and attracting export-oriented investment while organizing investments summits and trade events.

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HCL snares Falck service contract

Centralized model for greater automation HCL Technologies has signed an end-to-end IT infrastructure services deal with Falck of Copenhagen, an international leader in the ambulance and healthcare markets.

Prabhu discusses trade with US officials

India enhances energy cooperation with US Commerce, Industry and Civil Aviation Minister, Suresh Prabhu, has highlighted encouraging growth in trade volumes through purchases of US-made civilian aircrafts by Indian companies during his 10-12 June 2018 visit.

Rana Kapoor re-appointed to lead YES Bank

Bank to capitalize on innovations in technology The Board of Directors of YES BANK has reappointed Rana Kapoor as MD & CEO of the Bank for a period of 3 years at the 14th Annual General Meeting (AGM) held on 12 June 2018 in Mumbai.

Paradip Port

Major Indian ports recorded 2.41% growth

Nine ports had positive growth     India’s Major Ports have recorded a growth of 2.41% and together handled 116.26 Million Tonnes of cargo during the period April to May 2018 as against 113.52 Million Tonnes handled during the corresponding period of previous year.

Indian agri sector rebounds

Minister reports aggressive growth in food industry   India’s agriculture sector has rebounded strongly with Rs.100,000 crore worth of Memorandum of Understanding signed in the last one year and an annual investment of Rs.104,000 crore for capacity creation to handle agro produce.