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14 August, 2018 1:09 PM India’s trade deficit sinks to over four-year low of $18.02 billion on shrinking imports

Weakness in exports of petroleum, drugs and pharma, engineering goods and gems and jewellery products weighed on the trade balance. India’s trade deficit in July came in at $18.02 billion, compared to $16.60 billion in June. A fall in imports led the deficit to a four-year low. A fall in imports to $43.79 billion in July from $44.30 billion in June was offset 32

8 August, 2018 2:30 PM Exim Bank expects 10-15% growth in lines of credit portfolio in FY19

Export Import Bank of India (Exim Bank) today said it expects 10-15 percent growth in its line of credit (LOC) portfolio in the current financial year. "In 2017-18, the bank extended 12 lines of credit (LOCs) aggregating USD 6.11 billion to support export of projects, goods and services from India. The LOC portfolio is expected to grow by 10-15 percent 44

7 August, 2018 1:52 PM CAI maintains 2017-18 cotton crop estimate at 365 lakh bales

The Cotton Association of India (CAI) has maintained its July estimate of the cotton crop for the ongoing season (October-September) at 365 lakh bales, same as the last two months. However, the CAI has revised crop estimates for Punjab and Haryana, reducing the output by two lakh bales and 50,000 bales, respectively, based on the arrivals up to July 31, a release 37

7 August, 2018 10:57 AM TVS Posts Revenue Growth Of 21 Per Cent For Q1 FY2019

TVS has had a decent start to financial year 2018-19, with revenue coming in to the tune of Rs. 4,171 crore in Q1 FY2018-19. TVS Motor Company is off to a decent start financially for the new financial year which began in April 2019. The company posted a revenue growth of 21 per cent for the first quarter of FY19 with total revenue not including excise 44

7 August, 2018 4:12 AM M&M touches 52-week high ahead of June quarter results

According to a Reuters poll of analysts, the company is seen reporting a 54 percent year-on-year increase in its standalone net profit to Rs 1180 crore for the quarter under review. Shares of Mahindra and Mahindra (M&M) touched 52-week high of Rs 945, gained 1.3 percent intraday Tuesday ahead of June quarter (Q1FY19) numbers to be declared today 47

6 August, 2018 3:17 AM TVS Motor Q1 preview: rural demand and exports could help it post 34% growth in net profit

As per the poll, revenue of the company is expected to come in at Rs 4,220 crore for the June quarter, a growth of 13 percent as compared to Rs 3,743 crore posted in the same quarter a year ago TVS Motor Company, the country’s fourth largest two-wheelers maker, is expected to post a double-digit growth in net profit during the June quarter led by strong 63

3 August, 2018 3:36 PM Saudi Arabia pumped less crude oil in July: OPEC sources

Top oil exporter Saudi Arabia pumped around 10.290 million barrels per day of crude in July, two OPEC sources said on Friday, down about 200,000 bpd from a month earlier. The amount of oil supplied to the market in July was slightly higher at 10.380 million bpd, the sources said. Supply to the market - domestically and for export - may differ from production 37

3 August, 2018 2:28 PM "Don't Underestimate Trump": US After China Threatens Retaliatory Tariffs

US-China Trade War: The comments came shortly after Beijing threatened to impose retaliatory tariffs on another $60 billion in US exports, and possibly take other steps to respond to Trump's trade policies that have largely targeted China. A top White House economic adviser responded Friday to a new tariff threat from China, warning Beijing not to underestimate 59

3 August, 2018 2:43 AM Japan July services PMI slows slightly in sign of subdued activity

Activity in Japan's services sector cooled slightly in July from the previous month as new orders grew at a slower pace, a private survey showed on Friday, suggesting the economy may have lost some momentum at the start of the third quarter. The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) fell to 51.3 on a seasonally adjusted basis from 51.4 in June, though 59

2 August, 2018 12:50 PM HMSI sales volume slips 0.73% to 544,529 units in July

Second largest two-wheeler maker Honda Motorcycle & Scooter India (HMSI) today reported a marginal fall in July sales volumes at 544,529 units, down 0.73 per cent from 548,577 units sold in July 2017. The company, which has been growing in high double digits in the previous months, didn't attribute any reason for the decline. But it can be noted that in July 2017 the whole 31