All posts tagged: exports

SEBI cracks down on Rajesh Exports, bars promoter Rajesh Mehta, bars him from stock markets

SEBI cracks down on Rajesh Exports, bars promoter Rajesh Mehta, bars him from stock markets

Published by Webster

Gold refiner and jewellery manufacturer Rajesh Exports Ltd (REL) allegedly inflated its consolidated revenues by more than Rs 15 lakh crore over five years by attributing massive revenues to overseas subsidiaries, despite the subsidiary’s audited standalone financial statements showing only a fraction of those amounts, according to an interim order by Securities and Exchange Board of India (SEBI). Accordingly, SEBI  barred Rajesh Exports’ promoter and CEO Rajesh Mehta from dealing in the company’s securities, alleging large-scale misrepresentation of financial statements and diversion of funds. Rajesh Exports denied any financial irregularities, saying its revenues were correct and that there seemed to be a communication gap. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

India’s seafood exports hit record Rs 73,890 crore in FY26: Export authority

India’s seafood exports hit record Rs 73,890 crore in FY26: Export authority

Published by Webster

India’s seafood exports reached an all-time high in both volume and value during 2025-26, highlighting the sector’s resilience amid uncertain global trade conditions and strengthening the country’s position as a key supplier in international markets, IANS reported.  According to the Marine Products Export Development Authority (MPEDA), India exported 19.72 lakh metric tonnes of seafood during the fiscal year, valued at Rs 73,890 crore (USD 8.46 billion), marking the highest-ever performance by the sector. Announcing the figures, MPEDA Chairman P. Jawahar said the record growth was achieved despite several global challenges, including volatile demand patterns and market uncertainties, the news agency reported.  Frozen shrimp remains top export product Frozen shrimp continued to dominate India’s seafood export basket, accounting for more than two-thirds of total export earnings. Shrimp exports generated Rs 49,038 crore (USD 5.62 billion), contributing 66.5 per cent of the total foreign exchange earnings from seafood exports. Export volumes of frozen shrimp increased to 7.93 lakh metric tonnes, with the United States remaining the largest buyer, followed by China and the European Union. US remains …

FM Sitharaman says strong GST, credit growth reflect resilient Indian economy

FM Sitharaman says strong GST, credit growth reflect resilient Indian economy

Published by Webster

Finance Minister Nirmala Sitharaman said on Monday that India’s economy continues to show resilience amid global uncertainty, and came out strongly against attempts to paint a “pessimistic and cynical narrative” that presents an inaccurate picture of the country’s growth trajectory.  Addressing the SIDBI foundation day event here, FM Sitharaman pushed back against concerns around India’s economic trajectory. “India cannot afford fear mongering that damages public confidence,” she said, and criticised the “naysayers who decry the achievements of their own people.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

India great partner, ready to expand energy exports: US Secretary of State Rubio | World News

India great partner, ready to expand energy exports: US Secretary of State Rubio | World News

Published by Parlour News

3 min readWashingtonMay 22, 2026 12:30 AM IST The US is ready to sell as much energy as India is willing to buy, US Secretary of State Marco Rubio said on Thursday, ahead of his maiden visit to New Delhi. Rubio, interacting with reporters in Miami, described India as a “great partner” and said his visit was important as it would give him an opportunity to meet with ministers from the Quad nations. “Well, we want to sell them as much energy as they’ll buy. And obviously, you’ve seen I think we’re at historic levels of US production, and US export,” Rubio told reporters in Miami as he embarked on the trip to Sweden and India. Rubio will be in India from May 23-26 and will visit Kolkata, Agra, Jaipur and New Delhi. SECRETARY RUBIO on his INDIA TRIP: There’s a lot to work on with India, they’re a great ally and partner. We do a lot of good work with them so this is an important trip. pic.twitter.com/6NcHqmQ8mB — Department of State (@StateDept) May …

India bans sugar exports with immediate effect until September 2026

India bans sugar exports with immediate effect until September 2026

Published by Webster

The Central government on Wednesday imposed an immediate ban on the export of sugar till September 30, 2026, in a move aimed at protecting domestic availability and maintaining food security amid concerns over future supply pressures. The decision was announced through a notification issued by the Ministry of Commerce and Industry, which amended the export policy status of several sugar categories from “restricted” to “prohibited.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Amid West Asia crisis, government bans sugar exports until September 30 | Business News

Amid West Asia crisis, government bans sugar exports until September 30 | Business News

Published by Parlour News

3 min readNew DelhiMay 14, 2026 01:57 AM IST The Directorate General of Foreign Trade (DGFT) late on Wednesday prohibited export of raw, white and refined sugar with immediate effect till September 30 amid inflation and future supply-related concerns in the backdrop of the ongoing West Asia conflict. The prohibition will not apply to sugar exports to the European Union and the US under the preferential quota, the notification said. The prohibition on sugar exports will also not apply to the advance authorisation scheme (AAS), government-to-government exports, and consignments already in the physical export pipeline, it stated. The decision to ban sugar exports is seen more as a precautionary move, given the finely balanced supply and stocks position. Sugar production in the 2025-26 season (October-September) has been estimated at about 275 lakh tonnes . With opening stocks of 50 lakh tonnes, the total availability of 325 lakh tonnes can comfortably meet the projected domestic consumption requirement of 280 lakh tonnes. It will leave the closing stocks of sugar at 45 lakh tonnes, which is the …

Odisha’s Brahmapur station to gte 300cr upgrade, India-New Zealand to sign FTA, 50% slump in West Asia exports

Odisha’s Brahmapur station to gte 300cr upgrade, India-New Zealand to sign FTA, 50% slump in West Asia exports

Published by Parlour News

2 min readNew DelhiApr 26, 2026 06:21 PM IST School Assembly News Headlines for Today, April 27, 2026: Here are the news headlines for the school assembly on April 27. Today’s key developments include 300 crore upgradation package for Odisha’s Brahmapur railway station, shooting at White-House event, India-New Zealand to sign free-trade agreement, Kenya’s Sabastian Sawe making history and more. National News Back-to-back cub deaths in Kanha Tiger Reserve raise concerns over tiger monitoring systems, putting wildlife protection mechanisms under renewed scrutiny. Indian Railways has approved Rs 300 crore upgrade for Odisha’s historic Brahmapur station, aiming to modernise infrastructure and passenger facilities. International News India and New Zealand are set to sign a Free Trade Agreement on April 27 to boost trade and investment, marking a key step in strengthening bilateral ties. Security concerns resurfaced after shots fired incident at Washington Hilton recalled past presidential attack, with heightened vigilance around US leadership events. Sports News Kenya’s Sabastian Sawe made history after he ran a marathon in under two hours in a landmark performance, achieving a rare …

China surpasses US as India’s largest trading partner in FY26; trade gap swells to 2 billion| India News

China surpasses US as India’s largest trading partner in FY26; trade gap swells to $112 billion| India News

Published by Parlour News

New Delhi: China has overtaken the US to emerge as India’s largest trading partner in 2025-26, with bilateral trade reaching USD 151.1 billion, while the country’s trade deficit with Beijing widened to USD 112.16 billion during the period, government data showed. File photo of PM Modi and Chinese President Xi Jinping. (ANI) The US was India’s largest trading partner for four consecutive years till 2024-25. India’s exports to China rose 36.66 per cent to USD 19.47 billion during the last fiscal year, while imports increased 16 per cent to USD 131.63 billion. The trade deficit swelled to an all-time high of USD 112.6 billion in 2025-26 as against USD 99.2 billion in 2024-25. On the other hand, the country’s outbound shipments to the US grew marginally 0.92 per cent to USD 87.3 billion during the last fiscal year, while imports increased 15.95 per cent to USD 52.9 billion. The trade surplus declined to USD 34.4 billion in 2025-26 from USD 40.89 billion in 2024-25. According to commerce ministry data, China was India’s top trading partner …

Foreign Secretary Misri wraps up U.S. visit with talks to deepen nuclear ties, explore LPG exports

Foreign Secretary Misri wraps up U.S. visit with talks to deepen nuclear ties, explore LPG exports

Published by Parlour News

, Foreign Secretary Vikram Misri during a meeting with the US Secretary of State Marco Rubio and US Ambassador to India Sergio Gor, in Washington, DC. Photo credit: @USAmbIndia/X via PTI India’s Foreign Secretary Vikram Misri discussed furthering energy cooperation with the U.S. in nuclear power and new areas such as coal gasification and LPG exports in his meeting with U.S. Energy Secretary Chris Wright. Wrapping up his three-day visit to the U.S., Mr. Misri’s discussion with Mr. Wright focused on advancing energy security, deepening bilateral energy trade and identifying new avenues to strengthen the India-U.S. Energy Partnership, the Indian Embassy in the U.S. said. “Foreign Secretary Vikram Misri called on Energy Secretary Chris Wright @SecretaryWright @ENERGY. Discussions focused on advancing energy security, deepening bilateral energy trade, and identifying new avenues to strengthen the India-U.S. Energy Partnership,” the embassy said. Published – April 11, 2026 05:20 am IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to …

India’s defence exports hit record Rs 38,424 crore in 2025-26

India’s defence exports hit record Rs 38,424 crore in 2025-26

Published by Webster

India’s annual defence exports touched an all time high of Rs 38,424 crore in the financial year 2025-26, marking an over 62 per cent growth over the previous fiscal.  The “big jump” in the defence exports reflected the growing “global trust” in India’s indigenous defence capabilities, Union Defence Minister Singh said. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link