UAE to raise India investment to $75 bn; bilateral trade $100 bn

Last Updated: Monday, August 17, 2015, 21:15

The two countries also agreed for strategic partnership in the energy sector, including through UAE's participation in petroleum sectors in India and tie-ups in the third countries.

Oil prices slide further in Asia

Last Updated: Monday, August 17, 2015, 09:07

Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.

China strengthens yuan rate against dollar by 0.01%

Last Updated: Monday, August 17, 2015, 08:25

The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.

PM Modi in UAE: Economic importance of the visit

Last Updated: Sunday, August 16, 2015, 22:04

Bilateral trade has grown significantly from a level of $180 million in the 1970s to around $60 billion per annum now, making the UAE India's third-largest trading partner for 2014-15 after China and the US.

Gold imports jump 62.2% to $2.96 billion in July

Last Updated: Friday, August 14, 2015, 20:34

After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).

Exports continue to slide for 8th month; dip 10.3% in July

Last Updated: Friday, August 14, 2015, 19:26

Hit by global slowdown, India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion.

China yuan devaluation to hit India's exports: FIEO

Last Updated: Tuesday, August 11, 2015, 21:57

India's exports will be hit and the trade deficit might widen after the devaluation of Chinese currency yuan by 2 percent, which is bound to raise the competitiveness of outbound shipments from the neighbouring country, exporters' body FIEO said Tuesday.

India, US to discuss trade issues Wednesday

Last Updated: Tuesday, August 11, 2015, 21:12

Issues related to WTO, solar energy and visas are expected to figure at a meeting between senior trade officials of India and the US in the national capital on Wednesday.

Drug ban not trade related, hopeful of solution: EU

Last Updated: Friday, August 7, 2015, 21:37

The EU Friday defended the banning of around 700 generic drugs tested by India's GVK Biosciences, asserting it was based on "scientific and not trade considerations" and voiced hope that a solution will be found after India deferred FTA talks with the bloc over the issue.

EU hopes FTA talks with India will resume soon

Last Updated: Friday, August 7, 2015, 20:26

The European Union has expressed the hope that negotiations with India on a Free Trade Agreement (FTA) will resume soon, and any difficulties on its path will be overcome.

India's trade deficit with China at $8 bn in April-May: Sitharaman

Last Updated: Friday, August 7, 2015, 19:32

India`s trade deficit with China touched $8 billion during April-May of this fiscal, while the figure for 2014-15 has grown to $48.47 billion from $36.2 billion in 2013-14, parliament was told on Friday.