RBI and Tiruppur exporters discussed slowing private investment in the apparel sector, highlighting credit constraints, regulatory challenges and the need for stronger financial support for MSMEs.
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The resignation comes just a month after the company’s Initial Public Offering (IPO), which was introduced at a price band of Rs 121 to Rs 127 per equity share and was subscribed 2.05 times overall.
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Trade
Bombay High Court Clears German Textile Firm, Rules Exporter Not Liable for Importer Violations
The court held that an exporter’s responsibility ends once goods are shipped in accordance with the buyer’s requirements.
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The government maintains that ongoing bilateral trade negotiations provide a more appropriate forum to address trade concerns.
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The collaboration is intended to enhance visibility across logistics operations, improve coordination among state departments, and strengthen data-driven decision-making through real-time insights.
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The company posted a net loss of Rs. 192.54 crore (US $20.79 million) in the January–March quarter, compared with a loss of Rs. 74.47 crore (US $8.04 million) in the corresponding period a year earlier.
