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Economy
India’s garment export capital singed by the war in Ukraine
He said that the heavy increase in raw cotton prices had already affected the business and now the Russia-Ukraine war has taken the business to a new low.
Shanmugham, who is himself exporting to Europe, said that the market was slowly!-->…
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DERC has no jurisdiction in power allocation from CGS: MoP
New Delhi: The Delhi Electricity Regulatory Commission (DERC) has no jurisdiction in allocation of power from central generating stations by the Central government to the states, the Union Ministry of Power said on Saturday.
"The power!-->…
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Rising demand: CERC orders power exchanges to cap bid prices at Rs 12 per kWh
New Delhi : The Central Electricity Regulatory Commission (CERC) has asked the power exchanges to cap the bid price range to Rs 12 per kWh for the 'Day Ahead Market' (DAM) and 'Real Time Market' (RTM) segments.
The CERC has directed the!-->…
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SEBI extends timeline for ‘Pooling of Accounts’ to July 1
Mumbai : Markets regulator SEBI heeded to the MF industry's request and extended the timeline for 'Pooling of Accounts' to July 1, 2022, said Association of Mutual Funds in India (AMFI) on Saturday.
Accordingly, pooling of investor's!-->…
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Higher raw material cost to dampen textile demand: Ind-Ra
New Delhi : Higher raw material cost is likely to impact textile demand during Q1FY23 on a quarter-on-quarter basis. As per India Ratings and Research (Ind-Ra), sustained rub-off impact from high man-made fibre (MMF) prices amid new!-->…
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IndAus ECTA ‘watershed’ moment for bilateral relations: PM Modi
New Delhi : Prime Minister Narendra Modi on Saturday said that India-Australia Economic Cooperation and Trade Agreement (ECTA) in such a short span of time reflects the depth of the mutual confidence between the two countries.
The!-->…
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SRF more than doubles investors money in FY22, shares up 132%
New Delhi : Those who invested in specialty chemical maker SRF's shares bagged robust returns in the past 12 months.
Founded in 1970, the Gurugram-headquartered company is a multi-business chemicals conglomerate engaged in the!-->…
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Brightcom Group top mover, Tata Teleservices runner-up in equity race for FY22
New Delhi : Reopening of Indian economy post the aggressive vaccination drive helped investors mint money in the stock markets as multiple stocks turned multibagger in the financial year FY22 that ended on March 31, 2022.
The top moving!-->…
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Trade imbalance to widen FY22 Current Account deficit to 1.5% of GDP
Mumbai : Greater trade deficit is expected to widen India's current account deficit to 1.5 per cent of the GDP in FY22.
Notably, India's current account was in a surplus of 0.9 per cent in FY21.
The recent data showed that a wider trade!-->…
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ED charge sheets bizmen, bank officials in loan fraud case
New Delhi : The Enforcement Directorate (ED) on Saturday said that they have filed prosecution complaint (Charge sheet) under the provisions of the Prevention of Money Laundering Act, (PMLA) against Luxmi Auto Industries and its partners!-->…
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