Saturday, October 17
India's ban on imports from Bangladesh through the land ports could generate an additional business of more than ₹1,000 crore for the domestic textile industry, said industry experts. However, certain branded garments may see some supply issues in the winter season, which could raise prices of items like T-shirts and denims 2-3%.The director general of foreign trade (DGFT) in a notification on Saturday banned imports of garments and several other products from Bangladesh through land routes, but allowed them to be shipped in via Kolkata and Nhava Sheva ports.The local industry had been demanding restrictions on imports, concerned about a double-digit growth in textile imports from Bangladesh due to zero import duty.121253463The move is also expected to curb the back-door import of Chines
India's apparel and home textiles trade with the United Kingdom is poised for significant growth, with volumes expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two countries, as per a report by credit rating agency ICRA.The FTA is expected to be operational in calendar year (CY) 2026, subject to legal review."India's apparel and home textiles trade with the UK is expected to double from its current levels in the next 5-6 years, owing to the recently concluded FTA between India and the UK," the report added.The UK and India entered into an FTA on May 6, following approximately three years of negotiations.Under the agreement, India will reduce tariffs on 90 per cent of British goods, with 85 per cent becoming complete
India's Colorbar Cosmetics is planning to go public in early 2027, after doubling its revenue this financial year by upgrading its designs, launching new products and opening more stores, the makeup and skincare brand's top boss told Reuters. Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer spending, as the affluent continue to splurge on comforts and luxuries. Colorbar expects to double revenue to over 10 billion rupees ($117 million) in the financial year starting April 1, including by introducing new packaging and store upgrades, its founder and managing director Samir Modi said. Modi said Colorbar, valued at 25 billion to 35 billion rupees, would go public in early 2027 and use the proceeds to strengthen its skincare and fragrance lines
Markets regulator Sebi has simplified the operational process and provided clarity on cash flow disclosure in the corporate bond database after a review of the Request for Quote (RFQ) Platform framework. In its latest circular, the regulator has made yield-to-price calculation on the RFQ platform easier. Now, only the due dates -- and not the actual payment dates -- mentioned in the cash flow schedule will be used for these calculations. This move is aimed at streamlining and simplifying the process of trade execution on the RFQ platform. As part of this simplification, yield-to-price will now be based on scheduled due dates, without applying any adjustments based on day count conventions. At present, yields on debt securities are calculated using more complex methods that consider actual
The India Meteorological Department (IMD) issued a weather warning on Sunday for heavy to very heavy rainfall across several regions in India. The west coast--including Karnataka, Konkan, Goa, and Kerala--and adjoining parts of Peninsular India are expected to witness intense showers from May 18 to May 24, 2025. According to the IMD release, heavy to very heavy rainfall, accompanied by thunderstorms and lightning, is likely to occur in Northeast India, Sub-Himalayan West Bengal, and Sikkim over the next 5-6 days. The region is also expected to experience fairly widespread to widespread light to moderate rainfall with gusty winds reaching speeds of 30-50 kmph during the same period. Isolated heavy rainfall is predicted over various states, including Tamil Nadu, Puducherry, and Karaikal from
