About 30 Indian exhibitors are displaying a variety of fabrics, made-ups, home textiles and blended yarn at the India International Textiles Expo (IITExpo) exhibition that opened in Colombo on July 29.
The Reserve Bank of India (RBI) on Tuesday allowed domestic banks to directly sell their bad loans in manufacturing and infrastructure sectors to investors abroad as part of one-time settlement (OTS) exercises. The move will allow overseas investors to take direct loan exposure to Indian corporates.
This refers to "Slowdown and NBFC crisis pose fresh NPA scare for banks: Moody's" (July 29). It’s true that while public sector banks (PSBs) are coming out of stressful situations, a number of NBFCs and HFCs could be slipping into problems.
British fashion brand Superdry will be adopting an omni-channel retail strategy as it plans to launch its India website mid-August. The company’s products are already sold across several key e-commerce platforms such as Myntra, Ajio and Amazon.
The export of cotton yarn has dropped 35% in the first quarter of FY20 to $696 million compared to $1.063 billion in the same period last fiscal.
The Comptroller & Auditor General (CAG) has came down heavily on the GST (Goods & Services Tax) executioners saying that system is vulnerable to fraudulent Input Tax Credit (ITC claims).