Internationally, we are present in 15 countries – US, UK, France, Belgium, Singapore, Japan, New Zealand and Africa, and so on. The GDP in these countries is much less compared with India. When India’s GDP is growing at a faster…
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India bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generate over ₹1,000 crore for Indian businesses. Some branded garments might face supply issues, potentially raising prices slightly. The industry…
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India’s apparel and home textile trade with the UK is poised for substantial growth, potentially doubling in the next five to six years, fueled by the recently finalized Free Trade Agreement. The FTA, expected to take effect in 2026, will…
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Global corporations, including Microsoft, Amazon, Panasonic, PwC, CrowdStrike, and Burberry, are implementing significant job cuts affecting thousands. Driven by structural overhauls, cost-cutting, and a focus on profitability, these layoffs signal an industry-wide shift towards leaner operations.
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A proposed 5% US tax on remittances from non-citizens is alarming India, potentially impacting households and the rupee. With India receiving $120 billion in remittances in 2023-24, a significant portion from the US, the tax could cause a $12-18 billion…
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Reserve Bank of India has penalized Deutsche Bank India with Rupees 50 lakh. The penalty is for not following norms on large common exposures across banks. Yes Bank faces a Rupees 29.60 lakh penalty. This is due to non-compliance with…
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