India in June imposed a limit on the amount of wheat stocks traders can hold, for the first time in 15 years, to bring down prices. By Mayank Bhardwaj NEW DELHI (Reuters) -India is considering cutting or abolishing import taxes on wheat, Food Secretary Sanjeev Chopra said on Friday, as the world’s second-biggest… Continue reading India might cut or abolish wheat import tax: Food Secretary Sanjeev Chopra
Tag: import
Centre to consider delaying import licence order for laptops, tablets
The Indian government is likely to decide “soon” on an industry proposal to delay a plan to require import licences for laptops and tablets by three to six months, a senior government source said. India has imposed a licensing requirement for imports of laptops, tablets and personal computers from Aug 3 in… Continue reading Centre to consider delaying import licence order for laptops, tablets
Laptop import curbs lift EMS stocks but analysts warn of jumping the gun
The government’s recent import restrictions on laptops, tablets, personal computers, and other similar data-processing units have led to a massive rally in stocks of related electronics manufacturers. Investors lapped up shares of Dixon Technologies, Optiemus Infracom, Syrma, Netweb Tech, and HCL Infosystems, which surged up to 17 per cent over the last… Continue reading Laptop import curbs lift EMS stocks but analysts warn of jumping the gun
Personal computer firms to seek 3-month reprieve from import curbs
SURAJEET DAS GUPTA New Delhi, 3 August Personal computer (PC) companies are planning to request the Directorate General of Foreign Trade (DGFT) to provide a three-month grace period before implementing the newly imposed import licensing requirement, even as their associations have asked for an urgent meeting with the officials on the… Continue reading Personal computer firms to seek 3-month reprieve from import curbs
Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs
Shares of consumer electronic makers rallied on the bourses in Thursday’s trade after the central government restricted imports of laptops, tablets, and personal computers with immediate effect in a fillip to domestic electronic manufacturing. The share price of consumer electronics maker Dixon Technologies surged 8.3 per cent to its intra-day high of Rs… Continue reading Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs
Bosch Ltd to increase manufacturing in India to pare component import
By VarunVyas Hebbalalu and Aleef Jahan C S BENGALURU (Reuters) – Bosch Ltd, the Indian arm of German automotive supplier Robert Bosch GmbH, is looking to boost manufacturing in India over the next two to four years, the company’s financial chief said on Tuesday. The technology supplier plans to increase the percentage… Continue reading Bosch Ltd to increase manufacturing in India to pare component import
DGCA gives in-principle nod to Air India, IndiGo to import 970 planes
Air India. Photo: Bloomberg Aviation regulator DGCA has given in-principle nod for Air India and IndiGo to import a total of 970 planes. As part of their expansion plans, both carriers have placed huge aircraft orders. While Air India will acquire 470 aircraft from Airbus and Boeing, IndiGo is to buy 500 planes… Continue reading DGCA gives in-principle nod to Air India, IndiGo to import 970 planes