Business

03 Sep 2021; MEMO: Turkey's exports hit an all-time high August figure at $18.9 billion, Hurriyet Daily News reported Minister of Trade Mehmet Mus saying yesterday.

Exports rose 52 per cent compared to the same period last year, the minister said.

"With this strong momentum achieved in our exports, we surpassed the pre-pandemic performance," he said.

New Delhi, Sep 3 (PTI) Bulls might be on the rampage on Dalal Street but lofty valuations of the Indian equities present a reason for concern and the markets could perhaps witness up to 10 per cent correction, according to analysts.

Benchmark indices have been on a record-breaking rally lately and August witnessed the stock market reaching many new highs. The BSE benchmark soared over 9 per cent last month.

New Delhi, Sep 2 (PTI) Senior officials of India and the US took stock of progress in bilateral cooperation in areas of defence, public health and economy, besides reviewing preparations for the next edition of 2+2 ministerial dialogue.

The officials held the deliberations under the framework of 2+2 inter-sessional meeting in Washington DC on Wednesday.

The Ministry of External Affairs (MEA) said the two sides exchanged assessments about recent developments in South Asia, the Indo-Pacific region and the Western Indian Ocean.

Mumbai, Sep 3 (PTI) Former Union finance minister P Chidambaram on Friday slammed the Centre's National Monetisation Pipeline (NMP), saying his Congress party monetised non-core, loss-making assets when in power, in stark contrast to what the Narendra Modi-led government proposes to do.

Addressing a press conference here, Chidambaram said the Congress never sold off strategic assets. We always ensured that there is no monopoly in monetisation as we chose assets based on criteria," he said.

02 Sep 2021; MEMO: US Senator Richard Blumenthal said yesterday that the Lebanese authorities do not have to rely on Iranian fuel shipments to alleviate the fuel crisis crippling the country.

"Lebanon is in free fall…We've seen this movie before and it's a horror story…, but the good news is it can, should, and hopefully will be avoided," Blumenthal told reporters at the end of a two-day visit to Lebanon as part of a US congressional delegation.

New Delhi, Sep 1 (PTI) India's sugar export to Afghanistan has almost come to a halt with Indian merchants reporting cancellation of orders in the wake of the current situation there, a senior government official said on Wednesday.

The Taliban ousted the government in Afghanistan and took over the control of the country after capturing Kabul last month.

Afghanistan is one of the top three destinations for Indian sugar exports. About 6,00,000-7,00,000 tonne of the sweetener is exported annually.

Kolkata, Sep 1 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday requested Prime Minister Narendra Modi to take steps to withdraw the price hike of LPG cylinders and said rising prices of fuels and domestic cooking gas are "unacceptable".

Claiming that the Centre is taking "anti-people" policies, Banerjee said "unprecedented" hikes in petrol, diesel and cooking gas are taking a toll on common people.

New Delhi, Aug 31 (PTI) India's economic growth surged to 20.1 per cent in the April-June quarter of this fiscal, helped by a low base of the year-ago period, despite a devastating second wave of COVID-19.

The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO) on Tuesday.

The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.

Lucknow, Aug 31 (PTI) Netherlands Ambassador to India Marten van den Berg paid a courtesy call on Uttar Pradesh Chief Minister Yogi Adityanath at his official residence here on Tuesday, an official statement said.

Discussions were held to further strengthen the relations between India and the Netherlands, it said.

During the meeting, Adityanath asserted that the two countries have strong relations and are working together in many areas.

New Delhi, Aug 31 (PTI) Tata Motors on Tuesday launched its second electric vehicle -- Tigor EV, catering to the personal segment in the domestic market, priced between Rs 11.99 lakh and Rs 13.14 lakh (ex-showroom).

The model comes in three variants, priced at Rs 11.99 lakh, Rs 12.49 lakh and Rs 12.99 lakh. A dual tone top-end trim is tagged at Rs 13.14 lakh.

The auto major has already achieved success with its first electric model, Nexon EV and now commences deliveries of Tigor EV from around 150 sales outlets in 70 cities across the country.