Synthetic textile industry seeks higher duty drawback, duty remission to tide over Red Sea crisis – ET Retail

Representative image The Synthetic and Rayon Textiles Export Promotion Council has sought higher duty drawbacks, rebates of State and Central taxes and levies (RoSCTL), and Remission of Duties or Taxes on Export Products (RoDTEP) citing delays and steep increase in freight rates and insurance premium due to the crisis in the Red Sea. Red sea…

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India’s gold market at crossroads: Balancing demographic dividends and evolving economic dynamics – ET Retail

Representative image New Delhi: In a captivating economic narrative, India‘s gold market finds itself at a pivotal juncture, delicately manoeuvring through the interplay of age-old traditions and modern financial evolution. An in-depth econometric analysis sheds light on the intricate web of factors influencing the dynamics of one of the world’s largest gold-consuming nations. India, now…

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Modi ‘willing to do his utmost’ to resolve Russia-Ukraine issue: President Putin invites PM to visit Russia | India News – Times of India

In a significant diplomatic move, Russian President Vladimir Putin has extended an invitation to Prime Minister Narendra Modi to visit Russia next year. This invitation, conveyed during a meeting with external affairs mnister S Jaishankar at the Kremlin, underscores the enduring strategic partnership between India and Russia amidst a complex global landscape.The big picture: strengthening…

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D2C activewear brand BlissClub’s revenue jumps four-fold to Rs 68 crore; losses widen to Rs 36 crore in FY23 – ET Retail

Minu Margeret, founder and CEO, Blissclub BlissClub, a direct-to-consumer (D2C) activewear brand focussed on women saw its operating revenue surge more than four-fold to reach Rs 68 crore in for the financial year ending March 31,2023, even as losses mounted. The Bengaluru-based startup registered losses of Rs 36 crore, up four times compared to the…

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