India’s edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals, given uncertainty over supplies from the Black Sea,… read more →
The Indian rupee depreciated on Monday and appeared set to register a monthly decline due to a central bank that seems reluctant to allow the currency to strengthen significantly. As… read more →
The Export-Import Bank of India is set to augment its investments within a line of credit program endorsed by the government, aimed at funding Indian businesses seeking to tap into… read more →
In a bid to bolster the global presence of the Indian rupee, India and the United Arab Emirates have reached an agreement to utilise their respective local currencies for cross-border… read more →
On Friday, the World Bank revealed its approval of $1.5 billion in financing aimed at expediting the development of India’s low-carbon energy sector. This financial support serves to bolster India’s… read more →
The Reserve Bank of India announced on Wednesday that India‘s current account deficit witnessed a substantial reduction in the January to March quarter, primarily due to a moderation in the… read more →
India and the United Arab Emirates have mutually agreed to raise non-petroleum bilateral trade between the two countries to $100 billion by 2030, the South Asian nation’s trade minister said… read more →
At the 4th National Summit Trade Finance for Inclusive Growth organised by ASSOCHAM, the state of global trade finance was discussed by industry leaders. One point came across clearly: the path to growing the Indian economy is easy access to trade finance. Deepesh Patel, TFG’s Editorial Director, recently joined the ASSOCHAM Trade Finance Steering committee, helping to provide insights into market activities and trends.
Australian Prime Minister Anthony Albanese and Indian Prime Minister, Narendra Modi met in Sydney to discuss regional security and economic ties and signed a migration deal to boost Indian student… read more →
Asian Development Bank (ADB) President Masatsugu Asakawa and India Prime Minister Narendra Modi met today to discuss the country’s development priorities. Mr. Asakawa conveyed ADB’s intention to provide $20 billion–$25… read more →
India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers in a major push to disrupt the cross-border transactions between the… read more →
The Air India-Boeing deal will create up to one million jobs across 44 states in the US. The deal will further deepen US-India bilateral trade ties, President Joe Biden has… read more →
The Ministry of Ports, Shipping and Waterways on Friday launched the national logistics portal–marine (NLP-M), a single-window platform aimed at bringing all trade stakeholders together and reducing the cost of… read more →
Tata Power, an integrated power company in India, has partnered with Contour, a digital trade finance network based out of Singapore, to make its financial management process more robust, transparent… read more →
Egypt and India announced Thursday a “strategic partnership” to increase trade by billions of dollars and strengthen diplomatic ties, as President Abdel Fattah al-Sisi concluded a visit to New Delhi.… read more →