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TRICHY: Defence minister Nirmala Sitharaman on Sunday inaugurated the Tamil Nadu Defence Industrial Corridor, taking forward the Centre’s initiative to boost indigenous production of defence equipment through MSMEs.

Today, USD-INR pair is expected to quote in the range of 70.70 and 71.50, says Motilal Oswal.

Exporters body FIEO has sought immediate intervention of the government and RBI to resolve issues related to payment mechanism for Iran and flow of credit to push shipments.

After the UK, the US and Europe, now the Indian textiles and garments industry is set to get its own country-specific size, said union minister of textiles Smriti Irani at the Vibrant Gujarat Global Summit 2019.

THE Goods and Services Tax (GST) regime created a new category of ‘composition’ dealers in its bid to broaden the tax base by taking into its ambit small businesses — mainly trading houses which hitherto paid no tax at all.

A month ago, the panel discussion at the Express IT Awards was on how, over the next 2-3 years, UPI payments—they rose from Rs 13,144 crore in December 2017 to `102,595 crore in December 2018—offered by various fintechs would overtake those made by debit and credit cards; no mean feat given UPI has been around for less than two-and-a-half years.

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