EXPORTS
Govt considering scheme to help MSME exporters register goods in new markets: Goyal
The minister is in Switzerland on an official visit to hold meetings with Swiss leaders and companies to boost trade and investments between the two countries.
JM Financial retains Buy on Gokaldas Exports; target price Rs 1,265
JM Financial maintains a Buy call on Gokaldas Exports, projecting a target price of Rs 1,265. The company anticipates near-term challenges due to higher costs, but expects margin recovery in the second half of FY26. Gokaldas Exports remains optimistic about long-term growth, driven by shifting global sourcing and supplier consolidation, making it JM Financial's top pick in the textile sector.
China's rare earth curbs a 'wake-up call' as India builds alternative supply chains: Piyush Goyal
Piyush Goyal addressed China's rare earth export restrictions as a global wake-up call, highlighting India's efforts to build alternative supply chains. He acknowledged short-term challenges for the automotive and white goods sectors but expressed confidence in overcoming them through collaboration and innovation. India aims to become a trusted partner for businesses seeking to reduce dependence on Chinese suppliers.
High input costs cloud outlook for fertiliser, chemical companies
Indian fertilizer and chemical sectors have seen gains, but face challenges. Rising raw material costs like rock phosphate and sulphur are squeezing margins, despite government subsidy increases. While low fertilizer inventories may boost demand, chemical exports are declining. Analysts suggest a cautious outlook, highlighting margin pressures and monitoring input costs, crop prices, and export market recovery.
Two-wheeler volumes likely to grow by 8-9% in FY26: Report
Driven by easing inflation, a favorable monsoon forecast, and rising EV adoption, domestic two-wheeler volumes are projected to grow 8-9% this fiscal year, surpassing pre-COVID levels. Export recovery and sustained urban demand supported FY25 growth, with expectations for continued momentum in FY26. Rate cuts by the RBI are expected to further enhance affordability and boost demand.
India faces two years of sugar surplus, growers and officials say
India's sugar production is poised for a significant rebound, potentially leading to surplus production for two consecutive years. Farmers are expanding sugarcane cultivation, encouraged by abundant rainfall boosting crop yields. This resurgence could allow India, the world's second-largest sugar producer, to increase exports in 2025/26 after recent export restrictions due to drought-affected yields.
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China says its exports to the US fell 35% in May, as trade talks are due to start in London
China's exports to the U.S. experienced a significant 35% drop in May, intensifying economic pressures as trade talks with Washington commenced. While overall exports saw a modest increase, imports declined, resulting in a substantial trade surplus. Despite the U.S. decline, exports to Southeast Asia and the EU remained strong, offsetting some of the impact of trade tensions.
European shares hold steady ahead of US-China trade talks
European shares were subdued on Monday, after rounding off the previous week with gains, as markets waited another round of Sino-U.S. trade talks later in the day.
How fake meat export deal cost Delhi NRI more than $81,000, and the suspect vanished without a trace
A Delhi businessman has been allegedly defrauded of Rs 1.3 crore by an individual posing as a successful meat exporter. The suspect, after gaining trust through fabricated documents, convinced the victim to invest heavily, promising high returns. The suspect later disappeared, prompting a police investigation into the elaborate scheme. The crime branch is currently investigating the case.
Auto sector seeks government action on China rare earth magnet imports
The automobile industry is urging the government to help speed up Chinese approvals for rare earth magnet imports, essential for passenger cars. Domestic suppliers have applied through Chinese vendors, but approvals are pending. China, controlling over 90% of global processing, now requires special export licenses for these magnets, impacting various sectors.
Maruti Suzuki, Hyundai bullish on growth in export volumes in FY26
Maruti Suzuki and Hyundai Motor India anticipate export growth in FY26 despite domestic market challenges. Hyundai aims for a single-digit export volume increase, targeting emerging markets and aspires to be Hyundai's largest export hub outside South Korea. Maruti Suzuki projects a 20% export volume surge, driven by diversified markets and new models like Fronx and Jimny, aiming to sell 4 lakh units.
China approves some exports of rare earths ahead of US talks
Beijing has approved some rare earth export applications, potentially easing tensions before US-China trade talks. The commerce ministry confirmed the approvals, noting growing demand in robotics and electric vehicles, and will expedite approvals for qualified exporters to Europe. This follows a call between Presidents Trump and Xi, where Trump expressed optimism about resolving trade issues and advancing towards a deal.
Defence exports signal India's rise as regional security provider
Under Modi 3.0, India emphasizes delivery over rhetoric, evident in mandates and initiatives like PM-KISAN and Ayushman Bharat. Operation Sindoor showcased India's defense capabilities, bolstered by the Atmanirbhar Bharat mission and rising defense exports. The nation's startup ecosystem thrives, alongside advancements in digital infrastructure and strategic investments, paving the way for economic growth and national renewal.
China says willing to improve communication with countries on rare earth controls
China said it has approved some rare earth export requests and aims to refine its approval process. The move comes as India faces growing shortages, with recent export requests reportedly denied.
How Indian export businesses are using AI to stay ahead on global tax rules
Indian organisations are increasingly adopting AI and ML for tax compliance, aligning with the Digital India initiative. This shift aims to streamline operations and navigate complex international trade regulations, including US sales tax and EU VAT.
Nvidia sounds the alarm: Chinese AI talent defecting to Huawei as U.S. chip curbs push them out the door
Nvidia is raising concerns that US export restrictions are inadvertently fueling China's AI advancements. The company reports a surge in AI researchers joining Huawei, driven by limited access to Nvidia chips. These restrictions are also costing Nvidia billions in lost revenue and pushing Chinese companies towards domestic alternatives like Huawei's Ascend chips.
Odisha mangoes now in France, Belgium as exports soar
Odisha has expanded its agricultural exports by adding France and Belgium to its mango export destinations. This success builds upon existing markets like Dubai and London, with exports nearing 100 MT since May 2024. Farmers are benefiting from 40-60% higher prices due to direct export access and improved quality, solidifying Odisha's position as a growing agri-export hub.
China's rare earth weapon changes contours of trade war battlefield
China is strategically weaponizing its supply chain, mirroring U.S. export controls. Recent rare earth export license issues, highlighted by a Trump-Xi call, reveal China's refined trade war tactics. Modelled after U.S. sanctions, China's system grants insight into critical supply chain points.
Indian tea prices rise 18% as demand surges from Russia, Iran, Iraq and UAE
Indian tea prices have surged by 18% in the first four months of this year. This is due to high demand from Russia, Iran, Iraq, and the UAE. Exports are expected to remain strong. Major consumer goods firms are increasing purchases. Auctioneers anticipate prices to stay firm. Packet tea sellers are hesitant to raise prices for local consumers.
China silent about lifting export curbs on rare earth metals amid growing concerns in India, world
China is maintaining its export restrictions on rare earth metals, despite international pressure from the US, EU, and India. These metals are crucial for manufacturing various products, including electronics, automobiles, and military equipment. Concerns are growing globally about potential shortages and production stoppages, as evidenced by Suzuki's recent production halt in Japan due to these restrictions.
Mark Carney in dire straits: After job crisis, Canada now faces record trade deficit due to Trump's auto tariffs
Canada's trade deficit reached a record high in April. This was due to a sharp decline in automobile exports to the United States. Donald Trump's tariffs on Canadian auto, steel, and aluminum sectors caused this drop. Canada's trade surplus with the US also decreased. However, trade with other countries like China and the UK increased.
Trade war heats up: As China clamps down on rare earths, Trump hits back by blocking ethane exports
The Trump administration plans to block US ethane exports to China. This move is a response to China's restrictions on rare earth metals. Enterprise Products Partners faces rejection of ethane export approval. This decision could disrupt the US ethane market and global flows. China's petrochemical plans may face setbacks.
Israel arms exports hit all time high in 2024: ministry
Israel's defence exports reached a record high of $14.7 billion in 2024. The Defence Ministry announced a significant increase in deals with Arab Gulf states. Missiles and air defence systems accounted for a large portion of exports. Sales to Abraham Accords countries also saw a sharp rise. Defence Minister Israel Katz stated that the world recognizes Israeli strength.
Global alarms rise as China's critical mineral export curbs takes hold
Global automakers are raising alarms about China's restrictions on rare earth exports, warning of potential production delays and economic disruptions. Following similar concerns from US and Indian manufacturers, German automakers have joined the chorus, highlighting the critical role of these minerals in various industries.
Trump’s prescription drug price cuts unlikely to hit Indian pharma exports significantly: Crisil Ratings
Crisil Ratings reports that President Trump's order to cut US drug prices will have a limited effect on Indian pharma. India's exports, mainly low-cost generics with thin margins, leave little room for price cuts. The order targets high-margin branded drugs, not generics. While API exports remain unaffected, contract manufacturing may see opportunities, though with potential margin pressure.
India seeks WTO consultations with Indonesia on cotton yarn safeguards
India has requested consultations with Indonesia under WTO rules regarding the extension of safeguard measures on cotton yarn, citing its significant trade interest in the textile product. Indonesia's decision was influenced by an unexpected surge in Indian cotton yarn exports. India proposes virtual consultations in June 2025 to review information and exchange views on the measure's extension.
Trump's proposed 50% tariff hike may hit $5 billion engineering exports: EEPC India
Donald Trump's proposed 50% tariff on steel and aluminium imports threatens India's engineering goods' shipments, potentially impacting USD 5 billion worth of exports. The existing 25% tariff has already intensified global competition. EEPC India urges a waiver similar to the UK's, fearing complications in ongoing Bilateral Trade Agreement negotiations.
Trump tariff hike threatens to impact $5 billion engineering goods exports: EEPC India
Donald Trump's proposed tariff could impact India's engineering exports. Steel, aluminium, and related exports to the US are currently around $5 billion. The existing 25% tariffs have already created challenges.
Indian shrimp exporters to see marginal uptick in revenues this fiscal: Crisil
Indian shrimp exporters are projected to experience a slight revenue increase of 2-3% due to improved prices and currency benefits. However, export volumes will remain stagnant due to potential US tariffs and weak demand in key markets. Profitability will be squeezed by tariffs and rising working capital needs, impacting credit profiles despite stable capital structures.
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