India-UK FTA boosts textile sector, shares surge by 5-12%

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The landmark Free Trade Agreement (FTA) eliminates existing tariffs on textile trade between the two countries. As per an Elara Capital report, textiles and apparel trade is at $1.42 billion, with India exporting nearly the entire quantum.

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Foreign investors continue to exhibit confidence in the country’s equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong

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