Brexit—the exit of the UK from the EU—could benefit the UK textile and clothing industry, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence.

Chinese textile group Shandong Ruyi is set to buy a controlling stake in menswear group Trinity in a HK$2.2bn (£213.5m) deal.

Singapore: Finance Minister Arun Jaitley said three key structural reforms – Aadhaar, Demonetisation and Goods and Services Tax, have enhanced transparency and helped in transition from cash to less cash economy.

Product prices must reflect change’ The Centre on Wednesday notified the Goods and Services Tax (GST) Council’s latest decisions, giving effect to the revised tax rates on goods from November 15. The government said all product prices must reflect the change.

The government has allowed exporters to manually file before tax officers claims for GST refunds as it looks to fast-track clearance of dues to ease liquidity stress faced by them. 

MUMBAI, NOV 16: Lower industrial growth and adjustment to the GST regime have pulled down corporate profits by about 1.5 per cent to Rs. 1.03 trillion during the second quarter, against a healthy 13.2 per cent rise in the year ago period, says a report.