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India's textile sector needs more support to arrest shrinking market share
India's textile sector needs more support to arrest shrinking market share

Mumbai,  India's share in global exports of cotton yarn shrunk 600 basis points to 23 per cent in calendar year 2020 (CY2020) from 29 per cent in CY2015, while in readymade garments (RMG), its share has stagnated at 3-4 per cent over the past decade.

Lack of free trade agreements (FTAs) and significa

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Radico Khaitan instals 6 O2 plants in UP
Radico Khaitan instals 6 O2 plants in UP

Lucknow, Radico Khaitan, one of the largest manufacturers of Indian Made Foreign Liquor (IMFL) in the country, plans to install several oxygen generator plants at various locations in six districts of Uttar Pradesh.

The first of these oxygen generator plants was inaugurated by Union Minister for Minority Affa

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RInfra-led BSES discoms sign for 510 MW of green power with SECI
RInfra-led BSES discoms sign for 510 MW of green power with SECI

New Delhi,  In a major push for clean energy, Reliance Infrastructure led BSES discoms have inked Power Sale Agreements (PSA) with the Solar Energy Corporation of India (SECI) to procure 510 MW of solar and bundled hybrid power.

A company statement said BSES discoms are committed to a green and sustainab

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CBDT grants further relaxation in e-filing of I Tax Forms
CBDT grants further relaxation in e-filing of I Tax Forms

New Delhi,  The Central Board of Direct Taxes (CBDT) has granted further relaxation in the electronic filing of forms 15CA and 15CB, a Finance Ministry statement said on Tuesday.

It has now been decided to extend the aforesaid date to August 15 from the earlier deadline of July 15, it said.

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Govt has no plan to borrow by issuing Covid bonds
Govt has no plan to borrow by issuing Covid bonds

New Delhi,  The Centre does not plan to borrow by issuing Covid bonds, the Parliament was told on Tuesday.

In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said that there are no such plans of the government.

The statement comes at a time when the economy

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Odisha's revenue collection up by 112.54% in Q1
Odisha's revenue collection up by 112.54% in Q1

Bhubaneswar,  Inspite of Covid-19 restrictions, Odisha recorded a growth of 112.54 per cent in revenue collection till June-end of the current financial year 2021-22, officials said here on Tuesday.

Finance Secretary Ashok Kumar Meena has informed about the revenue collection figures during an all secret

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Wipro investing $1 bn to expand cloud services
Wipro investing $1 bn to expand cloud services

Bengaluru,  Global software major Wipro on Tuesday said it would invest $1 billion (Rs 7,454 crore) over the next 3 years to expand cloud services for business transformation of its clients worldwide.

"We will invest $1 billion over the next 3 years in cloud services, technologies, acquisitions and

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HP India MD to head ICEA panel to boost IT hardware manufacturing
HP India MD to head ICEA panel to boost IT hardware manufacturing

New Delhi, As the government doubles down on IT hardware manufacturing in the country, the India Cellular & Electronics Association (ICEA) on Wednesday announced a high-level committee to boost manufacturing and exports of the IT hardware (laptop/tablet) sector.

The panel, chaired by HP India Managing Dir

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Fuel price cut relief may come soon as global oil softens
Fuel price cut relief may come soon as global oil softens

New Delhi,  Consumer's bearing the brunt of rising fuel prices for more than a couple of months may expect some relief over the next few days as Oil marketing companies (OMC) have begun evaluating the fall in global oil prices and its resultant impact on fuel prices in the country.

The benchmark Bren

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Mature Indian investors scaling up exposure in ETFs in US markets
Mature Indian investors scaling up exposure in ETFs in US markets

New Delhi,  Indian investors, especially millennials, are increasingly scaling up their participation in the US markets for portfolio diversification, the UK-headquartered financial services firm Winvesta has said in its latest report.

The Winvesta Investor Pulse Report' June 2021 is based on aggrega

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