Asia’s biggest buyer shipped 7.72 million metric tons of crude, or 1.89 million barrels a day, from Saudi Arabia last month, according to data from China’s General Administration of Customs. read more

The armed forces will have to prioritise their purchases for optimal utilisation of the available resources, said a senior army official who did not want to be named. read more

U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking an unprecedented step to increase pressure on Iran after Tehran’s downing of an unmanned American drone... read more

Marginal 2.44 per cent increase in exports as well as lower imports of gold and petroleum products in February significantly narrowed India’s trade deficit to USD 9.6 billion, according to data released by the commerce ministry on Friday. read more

As per officials of Land Port Authorities of India (LPAI), which manages the ICP affairs, around 200 trucks used to import goods from Pakistan to India via Attari on daily basis before the duty hike, but now only 5-10 trucks are coming from across the... read more

India had on Friday stripped Pakistan of MFN status, which offered the country certain trade privileges. read more

The Central Board of Indirect Taxes and Customs chairman Pranab K Das on Thursday said “various initiatives” have resulted in a reduction of approximately 300 hours in import and export clearance time and cut down transaction costs. read more

The ban was imposed on apprehensions of presence of melamine in some milk consignments from China. Melamine is a toxic chemical used for making plastics and fertilisers. read more

Indian Oil Corp. and Bharat Petroleum Corp., the country’s two largest state-owned refiners, haven’t asked for any Iranian cargoes for loading in November, according to officials at the companies. read more

Once the new round of tariffs takes effect on September 24, punitive duties will be in place on $250 billion in goods the US buys from China -- its largest source of imported merchandise. read more

The drug controller general of India on Tuesday banned the import of the rabies vaccine from Chinese vaccine manufacturer Changchun Changsheng Life Sciences, which was found to have faked records and ordered to stop production earlier this month by China’s... read more

The Directorate General of Anti-Dumping and Allied Duties found that the chemical was being exported to India below the normal value and domestic industry suffered material injury on account of dumped imports. read more

The move, part of a phased manufacturing plan for lifting local production of mobile devices, is aimed at boosting Prime Minister Narendra Modi’s flagship Make In India drive. read more