logo
Big step by Modi government as India exports THIS to Saudi Arabia and UAE for the first time, commercial shipment to..., profit of...

Big step by Modi government as India exports THIS to Saudi Arabia and UAE for the first time, commercial shipment to..., profit of...

India.com5 hours ago

PM Narendra Modi
New Delhi: Union Minister of Commerce and Industry Piyush Goyal has said that the first commercial shipment of premium cherries from Jammu and Kashmir is being sent to Saudi Arabia and the UAE. The minister has informed that a major market has opened up for 'cherry farmers' and now they will get better value for their produce.
Union Minister Goyal posted, 'It is a matter of great joy. The first commercial shipment of premium cherries from Jammu & Kashmir has been dispatched to Saudi Arabia and the UAE.' He added, 'A huge market has now opened up for our cherry farmers, who will now get better value for their produce.' A Big Win for 'Vocal for Local': Union Minister
The minister has said that the government is working relentlessly to end the logistical bottlenecks to establish India as a global supplier of premium agri-products. He said, 'This is a big win for 'Vocal for Local'. The government is committed to removing logistical challenges and enhancing market access for Indian agricultural and processed food products.
In April, Union Minister Piyush Goyal appreciated the efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA) for facilitating the first commercial sea shipment of the Indian saffron variety of pomegranate to the United States. This initiative is expected to create new opportunities for farmers to benefit from the growing global demand for high-quality agricultural produce. Pomegranates Shipped by Sea for the First Time
The first-ever sea shipment of Indian pomegranates—comprising 4,620 boxes weighing around 14 tonnes—reached New York in the second week of March, five weeks after departing from Ahilyanagar in Maharashtra. The consignment was warmly received in the United States. The quality of the pomegranates was described as excellent, and customers were captivated by the visual appeal and exceptional taste of the Indian 'Bhagwa' variety.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Anti-Maoist operations should not be politicised, must be conducted in transparent manner: Congress
Anti-Maoist operations should not be politicised, must be conducted in transparent manner: Congress

Scroll.in

time9 minutes ago

  • Scroll.in

Anti-Maoist operations should not be politicised, must be conducted in transparent manner: Congress

Congress leader Sachin Pilot on Monday said that the ongoing security operations against Maoists should not be politicised and must be carried out in a transparent manner, PTI reported. Pilot, who is in charge of the party's Chhattisgarh unit, made the comment in the state while responding to recent remarks by Union Home Minister Amit Shah. On Sunday, the home minister had announced that the operations would continue throughout monsoon. Operations are usually suspended during the season as rainfall and floods hamper combat inside dense forests, The Hindu reported. On Monday, Pilot said that whatever action is taken against Maoists should be 'effective, transparent and should not have any political colour'. 'It is a matter of internal security,' the Rajasthan MLA added. 'Strict steps should be taken after a lot of deliberation,' he said. 'Action should be…accountable…should be done on the ground and not by giving speeches again and again.' The Union government has repeatedly vowed to end Maoism by March 31, 2026. According to the Chhattisgarh Chief Minister Vishnu Deo Sai, more than 400 suspected Maoists were killed in the Bastar region in 2024-'25. The police have stated that 186 suspected Maoists have been killed in gunfights with security personnel in the Bastar range in 2025. In 2024, 217 suspected Maoists were killed by security forces across Chhattisgarh. Malini Subramaniam has reported for Scroll that while many of those killed in Chhattisgarh's Bastar region in 2024 were declared by the police to be reward-carrying Maoists, several families dispute the claim. The families claim that the persons killed were civilians.

Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details
Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details

Time of India

time19 minutes ago

  • Time of India

Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details

The initial public offering (IPO) of metallurgical engineering company Neetu Yoshi will be available for public bidding from Friday, June 27 and the company has fixed a price band of Rs 71-75 for this issue. The company aims to raise Rs 77.04 crore (at the upper end of the price band), with its shares proposed to be listed on the BSE SME platform. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The World's Most Stunning Blue Flag Beaches Ranked: Top 25 List! Read More Here are the key details you need to know: Neetu Yoshi IPO size The issue size is 1,02,72,000 equity shares at a face value of Rs 5 each with a price band of Rs 71 - Rs 75 per Share. As part of the equity share allocation structure, up to 29,20,000 equity shares have been reserved for the anchor investor portion. The Qualified Institutional Buyer (QIB) category may be allocated up to 19,52,000 equity shares. Live Events A minimum of 14,65,600 equity shares will be allotted to Non-Institutional Investors (NIIs), while retail individual investors (RIIs) will receive not less than 34,14,400 equity shares. Additionally, up to 5,20,000 equity shares have been earmarked for the market maker category. Net proceeds from the Neetu Yoshi IPO The net proceeds from the IPO will be utilized for the setting up of a new manufacturing facility and for general corporate purposes. Book running lead managers of Neetu Yoshi IPO The Book Running Lead Manager to the Issue is Horizon Management Private Limited, and the Registrar to the Issue is Skyline Financial Services Private Limited. About the company Neetu Yoshi Ltd is a metallurgical engineering company manufacturing critical safety spares for railways. The products include mild steel, spheroidal graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The Company is an RDSO-certified vendor supplying 25+ critical safety spare parts for Indian Railways, specializing in braking solutions, suspensions, propulsion aids and coupling attachments. The company has established a Class 'A' RDSO-certified manufacturing facility in Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters with 8,087 MTPA capacity. With advanced infrastructure, in-house testing, and a strategic location, the company delivers precision-engineered, high-quality metallurgical products at competitive prices. As a late mover, Neetu Yoshi leverages advanced technology, CNC precision, and cost-efficient processes to gain a competitive edge while developing next-gen railway solutions. Neetu Yoshi financial performance In FY24, the company achieved a revenue of Rs 4,733.42 lakh, EBITDA of Rs 1,718.57 lakh, and a PAT of Rs 1,257.72 lakh. For the nine-month period ended December 31, 2024, the company achieved a revenue of Rs 5,136.08 lakh, EBITDA of Rs 1,684.89 lakh, and a PAT of Rs 1,199.24 lakh.

FPIs turn sellers in June after 2-month buying streak. Will Iran-Israel tensions trigger more outflows?
FPIs turn sellers in June after 2-month buying streak. Will Iran-Israel tensions trigger more outflows?

Mint

time19 minutes ago

  • Mint

FPIs turn sellers in June after 2-month buying streak. Will Iran-Israel tensions trigger more outflows?

Stock market today: Rising tensions in the Middle East appear to have caught the attention of overseas investors, who turned bearish on the Indian stock market in June after two consecutive months of net purchases. FPIs have alternated between buying and selling so far this month but have largely stayed on the sidelines in most sessions, withdrawing ₹ 4,192 crore through exchanges, according to NSDL data. The escalating conflict between Iran and Israel — with the U.S. now officially entering the war by launching attacks on Iran alongside Israel — has brought fresh concerns to Indian stock market, impacting the sentiment of overseas investors, especially as Indian stock market are already viewed as expensive compared to other Asian peers. Despite continued FPI selling, the Indian stock market has remained resilient in June so far, with both front-line indices gaining nearly 1%, thanks to strong support from domestic institutional investors (DIIs), primarily driven by mutual funds. DIIs acquired shares worth over ₹ 59,000 crore in June so far, following net purchases of ₹ 66,194 crore in May. Mutual funds alone contributed more than ₹ 35,900 crore in June, compared to ₹ 53,260 crore in the previous month. Although FPI inflows have fluctuated over the past six months, strong domestic buying has helped sustain market momentum — even amid heightened geopolitical tensions, global trade war concerns, and rich valuations. FPIs turned into net buyers in April by infusing ₹ 4,223 crore, according to the depositories data. Before this, foreign portfolio investors (FPIs) had pulled out ₹ 3,973 crore in March, ₹ 34,574 crore in February, and a substantial ₹ 78,027 crore in January. Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, "After a big buy figure of ₹ 19,860 crore in May, FIIs turned less confident in June, with bouts of selling and buying. Net FII activity in June till the 20th is a sell figure of ₹ 4,192 crore (NSDL)." He added that in the first half of June, FIIs were sellers in FMCG, power, consumer durables, and IT sectors, while they were buyers in financials, chemicals, capital goods, and real estate. 'The buying reflects fair valuations and good prospects in those segments, while the selling points to relatively high valuations and diminished outlook in others,' he explained. FIIs have also remained net sellers in the debt market. 'The yield differential between U.S. and Indian sovereign bonds is at a historic low of around 2%. Given the currency risk, investing in Indian bonds doesn't make sense currently, and this trend of FPI selling in bonds is likely to continue,' Dr. Vijayakumar noted. Vipul Bhowar, Senior Director – Listed Investments at Waterfield Advisors, stated that the trend of Foreign Portfolio Investment (FPI) reversed in April and strengthened considerably in May, marked by positive inflows. The inflows in May were the highest in eight months, indicating a resurgence of interest from foreign investors in Indian markets. However, he noted that geopolitical tensions, including the ongoing conflict between Israel and Iran, along with broader global uncertainties, have led to a cautiously optimistic approach in June. He added that improving domestic fundamentals and a favorable long-term growth outlook suggest that, if global conditions stabilize, India could witness more sustained and stable FPI inflows in the future. Vijayakumar, echoed this view, stating that global uncertainty dominated by geopolitics — particularly the war in West Asia — will continue to shape FPI activity going forward. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store