Saturday, August 15
New Delhi, India's exports to China jumped 67.35 per cent to USD 2.04 billion in December last year due to an increase in shipments of various products like electronics and marine, according to Commerce Ministry data.The export increase was driven by several products, such as oil meals, marine products, telecom instruments and spices.Imports from Beijing also rose by 20 per cent to USD 11.7 billion during the month under review, data showed.During April-December of the current fiscal, exports surged 36.7 per cent to USD 14.24 billion, while imports during the first nine months increased 13.46 per cent to USD 95.95 billion. The trade deficit stood at USD 81.71 billion.Commerce Secretary Rajesh Agrawal said, "It is a welcome growth".In the electronics segment, the main items registering grow
New Delhi: Coca-Cola has tapped investment bankers at Kotak, HDFC Group and Citibank, among others, for a proposed initial public offering (IPO) of its Indian bottling company, Hindustan Coca-Cola Beverages (HCCB), to raise $1 billion (₹9,027 crore approx), officials with direct knowledge of developments told ET. The world's biggest beverage maker is planning the listing for this summer. "Coca-Cola's plans for listing HCCB, valuing the company at close to $10 billion, are on track for this year," said one of the executives cited above. "The listing will only be postponed to next year in case the peak summer demand is particularly impacted by rains, similar to last year." Recent large market debuts by multinational consumer companies include those by Hyundai Motors India and LG Electronic
