Trade war helps raise apparel export to US

The US-China trade war is directly benefitting Bangladeshi exporters, with garment shipments to the US increasing over 3 percent this year compared to that last year, said the leaders of Bangladesh Garment Buying House Association yesterday. Last year the shipments to Bangladesh’s largest export destination decreased 2 percent year-on-year, said the association’s President Kazi Iftequer … Read more Trade war helps raise apparel export to US

Jewellery stocks fall after import tax raise on gold

Mumbai: Shares of jewelers tumbled after finance minister Nirmala Sitharaman in the Union Budget announced its proposal to raise import tax on gold to 12.5% from 10%. Titan slid 3%, Tribhovandas Bhimji Zaveri 5%, PC Jeweller 4%, Thangamayil Jewellery Ltd fell 3%. “Today’s announced import duty hike on gold from 10% to 12.5% will negatively impact … Read more Jewellery stocks fall after import tax raise on gold

Super Fine Knitters coming with an IPO to raise Rs 4.08 crore

Super Fine Knitters Super Fine Knitters is coming out with an initial public offering (IPO) of 34,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 12 per equity share. The issue will open on January 18, 2017 and will close on January 24, 2017. The shares … Read more Super Fine Knitters coming with an IPO to raise Rs 4.08 crore