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Business Economy


Steel import increases after signing of bilateral trade free pact

New Delhi, Jan 1 (UNI) Some industry associations, including those relating to steel, have expressed concerns on imports under bilateral free trade agreements with Japan, Korea and ASEAN.
The volume of trade, including both exports and imports with these countries has increased since the signing of the bilateral trade agreements, official sources said here.
Notwithstanding a slight increase in trade deficit, the domestic industry has benefited from the trade agreements due to cheaper import of raw materials and intermediates from these countries for stimulating value added domestic manufacturing.
The sources added that the trade agreements have adequate trade remedial provisions for dealing with certain surges in imports that might threaten domestic industry.
UNI SW ADG 1845
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Govt decides to allocate vacated 443 slots of Jet Airways to other airlines

18 Apr 2019 | 11:02 PM

New Delhi, Apr 18 (UNI) The Government on Thursday said it would allot 443 slots in Delhi and Mumbai, vacated after the cash-strapped airline Jet Airways suspended its flight operations temporarily.

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Happi Mobiles to open 150-200 stores this fiscal in AP, Telangana; eyes at Rs 500 cr turnover

18 Apr 2019 | 10:53 PM

Hyderabad, Apr 18 (UNI) Happi Mobiles, a multi brand mobile retail chain, plans to open 150-200 new stores in the both Telugu states of Telangana and Andhra Pradesh during the current financial year and is also planning to expand its footprint to western parts of the country after Pongal to grab between 8-10 per cent market share.

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Mantra raj Paliwal plans to cross Rs 300 cr in revenue from retail biz

18 Apr 2019 | 9:35 PM

New Delhi, Apr 18 (UNI) After achieving success in the Cinema-Exhibition business across the country, Miraj Group, one of the country's leading business conglomerate, now aims to set its strong foothold in the retail industry in India by crossing Rs 300 crore revenue in the next five years, from existing Rs 10 crore, by setting up 300 supermarkets and 50 apparel stores and hypermart stores across the nation.

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HYSEA organises Annual Infrastructure Summit 2019

18 Apr 2019 | 8:08 PM

Hyderabad, Apr 18 (UNI) HYSEA ( Hyderabad Software Enterprises Association) organised its first ever Infrastructure Summit at HICC here on Thursday.

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Mastercard commits to empower 10 mn merchants by 2020

18 Apr 2019 | 8:02 PM

New Delhi, Apr 18 (UNI) Mastercard expressed commitment to empower 10 million merchants with digital payments acceptance capabilities by 2020.

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