Headline: Adani Group spread wings with second major overseas acquisition
Posted by dstnews on 2010-08-27 03:48:53 PDT
AHMEDABAD: In less than a month, Adani Enterprises flagship of Ahmedabad-based, Rs 27,000 crore Adani Group has closed another major overseas deal involving an investment of $1.65 billion. The company will undertake a port and rail project in Indonesia's Tanjung Enim region.
India's biggest coal importer, Adani Enterprises had earlier this month acquired the Australian coal assets of Linc Energy in a cash-and-royalty deal worth $2.7 billion (around Rs 12,500 crore). read more...
Headline: Govt considers reduction of transaction costs says Anand Sharma
Posted by dstnews on 2010-08-27 03:43:33 PDT
New Delhi: A day after the Government announced Rs 1,050-crore sops to the export sector, the Commerce and Industry Minister, Mr Anand Sharma, said that efforts are on to bring down transaction costs. read more...
Headline: More sops for exporters on the cards as Govt mulls sectoral review by December
Posted by dstnews on 2010-08-27 03:35:10 PDT
NEW DELHI: Exporters might look forward to yet another booster dose from the government after it concludes a sector-wise review by December, said commerce and industry minister Anand Sharma on Tuesday. read more...
Headline: Garment makers demands incentives being given for the US market to continue
Posted by dstnews on 2010-08-27 03:26:28 PDT
Chennai: While the annual supplement to the foreign trade policy has pleased the labour-intensive textile and leather sectors, garment makers want incentives being given for the US market to continue. “The 2% incentive given under market-linked focus product scheme (MLFPS) for knitwear exports should continue as the US market has not fully recovered,” said A Sakthivel, president, Tirupur Exporters’ Association. read more...
| CURRENCY | IMPORT | EXPORT |
| Australian Dollar | 42.15 | 40.90 |
| Canadian Dollar | 44.85 | 43.60 |
| Danish Kroner | 8.10 | 7.85 |
| EURO | 60.35 | 58.70 |
| Hong Kong Dollar | 6.10 | 5.95 |
| Japanese Yen (100) | 55.95 | 54.35 |
| Norwegian Kroner | 7.60 | 7.35 |
| Pound Sterling | 73.70 | 71.80 |
| Singapore Dollar | 35.00 | 34.05 |
| Swedish Kroner | 6.40 | 6.20 |
| Swiss Franc | 46.10 | 44.85 |
| U. S. Dollar | 47.25 | 46.30 |
* Exchange rates listed here only for reference.