Government Jobs

India initiates anti-dumping probe into imports of nylon chips from China, Russia

India's Directorate General of Trade Remedies (DGTR) has launched an anti-dumping probe into nylon chips and granules imports from China and Russia. A domestic manufacturer alleged that dumping of Nylon 6 Chips and Granules with relative viscosity below 3 is harming the local industry. The DGTR found prima facie evidence and will recommend duties if material injury is established.

Industry Trends

Policybazaar to offer low-cost loan insurance online

Policybazaar has launched an online loan insurance product, offering a significantly cheaper and more flexible alternative to traditional bank-bundled covers. This new offering allows borrowers to purchase insurance independently of loans, with potential savings of up to 72% compared to offline policies. The online product provides greater control over claim payouts and flexibility for loan adjustments.

Industry Trends

Niti Aayog calls for tariff cuts, manufacturing shift; flags passenger vehicles as export opportunity

Niti Aayog urges India to cut tariffs and boost manufacturing in high-demand sectors like passenger vehicles to enhance global competitiveness. The policy think tank emphasizes increasing two-way trade and integrating deeper into global supply chains. Focusing on automotive exports, the report highlights the need for quality improvements and market diversification to capture a larger share of the growing global market.

Industry Trends

Tech, healthcare extend Wall St rally, focus on week's jobs report

Wall ‍Street's ​main indexes opened subdued ⁠on Tuesday, as investors took a breather ‌after ‌the main indexes posted ‌their biggest intraday gains in weeks in the previous session, ​while markets ​braced for a ‌data-heavy ‍week of labor ‍reports.

Industry Trends

Russia oil trade: India imported €144bn worth of crude since start of Ukraine war

India has emerged as Russia's second-largest crude oil buyer, importing approximately 144 billion euros since the Ukraine war began. This surge followed Western nations' reduced imports, significantly boosting Russia's fossil fuel earnings. While India's purchases have recently dipped due to fresh sanctions, the trend highlights a major shift in global energy trade dynamics.