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New Delhi: Vice President M Venkaiah Naidu on Thursday said the country's apparel industry must aim to capture double-digit share in global fabric exports from the current level of 5-6 per cent. The Vice President also called for upskilling textile and apparel workers and adopting the latest technologies to gain competitiveness in exports and to capture the global market. "We should aspire to soon reach a double-digit share in exports of fabrics from the current 5-6 per cent," Naidu said while inaugurating a virtual platform of Apparel Export Promotion Council (AEPC). The Vice President said the sector should ponder upon the reasons why India, despite being the leading producer and exporter of cotton, jute, silk and MMF yarns, lacks the competitive edge in fabrics and apparels when compared to Bangladesh and China. "They are the biggest buyers of Indian yarn. They add value to it and sell the fabrics and apparels at a lower cost than India. This is largely due to the unorganised and … [Read more...] about Indian apparel industry should aspire for double digit share in global fabric exports: Venkaiah Naidu

HONG KONG, Jan. 22 (Xinhua) -- The Hong Kong Exchanges and Clearing Limited (HKEX) on Friday announced the inclusion of eligible A-shares listed on the Shanghai Stock Exchange's (SSE) Sci-Tech Innovation Board (STAR Market) into Stock Connect, effective from Feb. 1. … [Read more...] about HKEX announces inclusion of STAR Market stocks into Stock Connect

Intra-day, the 30-share BSE Sensex had touched the 50,000-level for the first time ever on Thursday on growth optimism and global cues but succumbed to profit-booking in fag-end trade. … [Read more...] about Sensex, Nifty open lower in line with other Asian bourses

At the interbank foreign exchange market, the domestic unit opened lower and traded in the negative territory most part of the session, tracking a massive selloff in domestic equities. The rupee touched a low of 73.09 and a high of 72.96 during the day. … [Read more...] about Rupee pares losses to settle marginally higher at 72.97 against USD

New Delhi: OnePlus and Oppo are integrating parts of their research and development within OPLUS to "maximise resources", a move that could see the smartphone brands work more closely in the future. While the companies did not disclose details around the integration, the development is expected to include the R&D teams of Oppo and OnePlus in India as well. "To better maximise resources and further position OnePlus for growth, we are in the process of further integrating some R&D capabilities within OPLUS, our long-term investor. OnePlus will continue operating independently and working to deliver the best possible user experience for existing and future OnePlus users," OnePlus said in an e-mailed statement. In a similarly worded statement, Oppo said, "in order to enhance customer experience and strengthen service network, OPPO is in the process of further strengthening some R&D teams within our long-term investor OPLUS to better maximise resources". Oppo will continue … [Read more...] about OnePlus, Oppo integrate parts of R&D