Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth capital needs because there is unlikely to be any fresh bank recapitalisation till the next government takes over in June, official sources said on Friday.
Chennai: India can achieve a three-fold "aspirational" increase in its engineering exports to reach $200 billion by 2025, if concerted efforts are made by the government and industry to develop a conducive ecosystem, and ensuring inputs at competitive prices, according to an EEPC India-Deloitte strategy paper.
MUMBAI: Arvind Envisol, the waste water treatment arm of Rs 6,900 crore textile firm Arvind Ltd, is looking for collaborations across India, Africa, Bangladesh and China for driving growth and is in the final stages of signing a joint venture agreement with a Chinese textile company, said people aware of the matter.
“India’s exports will touch an all-time high of $330 billion this year surpassing the earlier peak of $314 billion recorded in 2013-14,” said Anup Wadhawan, Commerce Secretary.
The rupee appreciated by 20 paise to 69.14 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening of domestic equities.
ISLAMABAD: Pakistan’s textile and clothing exports rose by two per cent year-on-year to $8.9 billion in the first eight months of current fiscal year, the Pakistan Bureau of Statistics (PBS) reported on Friday.