Search Result for : Germany

The Dollar Business Bureau A leading Indian pharmaceuticals company Aurobindo Pharma has said that it would widen its product portfolio in the American market while planning to enter new markets in the Europe, a part of the company’s growth strategy in the coming 3-4 years. In the US market, Aurobindo Pharma plans to widen its portfolio through faster growth in OTC, injectable and higher complexity products, the company said in a presentation to investors. However, in European market, the company plans to enhance its presence in new geographies like Czech Republic and Poland, in addition to strengthening its position in the existing markets of Germany, France, Spain, Netherlands and the UK. Aurobindo Pharma is the 6th largest generic company by volume in the US, ...

The Dollar Business Bureau  Germany’s industrial output had unexpectedly declined in June - for the first time this year, a data by German Ministry of Economic Affairs revealed on Monday. However, the industrial production increased overall in the second quarter of this year. The production fell by 1.1% in June after increasing 1.2% in May, the data showed. But production in factories and construction companies in Germany was 1.8% higher in the period April-June compared to the previous quarter. The Ministry said the upward trend would continue as indicated from the order levels and favourable business climate. “As unexpected as today's drop in industrial production has been, the German economy is still on track to post another strong quarter,” Carsten Brzeski, an economist with ING ...

The Dollar Business Bureau The Minister of Food Processing Industries Harsimrat Kaur Badal addressed a Joint Press Conference with the organizers of ANUGA - an international business platform for Food Industry to be held in Cologne, Germany. She also signed the Memorandum of Understanding for Participation in the ANUGA (Allgemeine Nahrungs Und Genußmittel Ausstellung- translated into English- General Food and Non essential Provisions Exhibition) Exhibition with Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (the Organizers of ANUGA). The Minister said that it was an honour for India to be a co-partner country in such a prestigious international event. “It gives us the opportunity to showcase our strengths and opportunities to an international audience”. The Minister also said that Food Processing Sector ...

The Dollar Business Bureau  Germany’s overall goods exports grew for the fourth straight month to a new high of 106.3 billion euros ($119.2 billion) in the month of April, resulting in a stable adjusted trade surplus. The exports and imports picked up when compared to March, however, the country’s adjusted trade surplus remained unchanged in the month of April, indicating a recovery in Germany’s export trade since the beginning of the year. “Total exports of goods increased for the fourth straight month to a record 106.3 billion euros ($119.2 billion) in April, said Germany’s Federal Statistical Office (Destatis) on Friday, mentioning that the data is being adjusted for seasonal fluctuations and calendar impacts. Import of goods increased by 1.2% to 86.6 billion euros, which ...

Sheela Mamidenna  With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanation, the Indian leather industry and its buyers are left frazzled.  According to media reports, major international fashion houses have started enquiring from their suppliers whether they would be able to meet their commitments.  Meanwhile, the Commerce and Industries Ministry has suggested a proposal to the Finance Ministry asking for a Rs 4,000-crore package, which includes both tax and non-tax benefits similar to the one announced for the textiles sector last year. According to officials ...

The Dollar Business Bureau Wolfgang Schaeuble and Bruno Le Maire the finance ministers of Germany and France agreed on Monday to strengthen the euro zone, leasing a breath of fresh air to the stalled reforms of the currency union. This was the first meeting between the representatives of the two largest economies in Europe, after Emmanuel Macron’s election as the French President. Both the ministers have agreed to set up a joint working group that would come up with ideas by July on ‘deepening the euro zone integration’, as described by them during the joint press meet at Berlin. The French minister said that the aim of the joint working group would be to study the prospects of  a fiscal convergence, joint investment ...

PTI The Trump administration has placed six of its major trading partners including China and Japan on a "monitoring list" to keep a close watch on their currency practices. It has placed China, Germany, Japan, Korea, Switzerland and Taiwan in the monitoring list in its six-monthly report to the Congress. "Treasury finds that six major trading partners warrant being placed on the monitoring list for special attention: China, Germany, Japan, Korea, Switzerland and Taiwan," the report said. The US Department of Treasury yesterday concluded that no major trading partner of the US met the Congressional standards for currency manipulation in the second half of 2016. Additionally, US Department of the Treasury established a "monitoring list" of major ...

The Dollar Business Bureau The automobile and production hub of Europe, Germany, boasted a 2.2% growth in economic output in the month of February, 2017. Underpinned by an increased domestic and global demand for machinery and automobiles, Germany's exports rose by 0.85, while imports declined by 1.6% - the result being a swelled trade surplus of 21.0 billion euros, up from 18.9 billion euros  in the month of January. This was a robust start of the year for Germany, indicating that the economic ramifications of the 2008 financial crisis have been left far behind. Meanwhile, the industrial output of UK showed signs of slowing, as the uncertainty around Brexit catches up with its economy. The strong economic growth in Germany will give added thrust to Chancellor ...