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Just in:   • India-US ties in stabilisation phase, not reset, says ex-White House official  • CEPA with Oman comes as big boost for India's textile sector  • Centre moots steps to protect MSMEs amid adverse West Asia fallout  • S. Korean trade minister meets USTR to resolve pending issues amid Section 301 tariffs  • Crude oil prices fall over 1 pc as ceasefire hopes ease West Asia concerns  Last updated: 04 Jun, 2026    India Industry CEPA with Oman comes as big boost for India's textile sector IANS | 04 Jun, 2026 The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which came into force this week, provides significant market access opportunities for India’s textiles and apparel sector to expand exports in a key Gulf market.  Industry Categories Agriculture Apparel Automobiles Business Services Chemicals Electronics & Electricals Handicrafts Industrial Supplies Machinery Metals & Minerals Pharma Construction & Real Estate       Headlines Cotton duty waiver brings relief to TN's Tiruppur knitwear industry; exporters hail move IANS | 01 Jun, 2026 The Tiruppur knitwear and textile industry has welcomed the Centre’s decision to temporarily remove customs duty on cotton imports, describing it as a timely intervention that will help reduce production costs, improve raw material availability, and enhance the global competitiveness of India’s textile and apparel exports.    Read more.... Centre exempt all customs duties on cotton import from June 1 till Oct 30 IANS | 30 May, 2026 The government on Saturday announced a temporary exemption on all customs duties on the import of cotton from June 1 till October 30, to augment its availability for the Indian textile sector amid geopolitical tensions.    Read more.... Nifty, Sensex end lower this week over below-normal monsoon forecast, FII selling IANS | 30 May, 2026 The Indian equity benchmarks posted notable losses during the week due to sustained FII selling and below-normal monsoon forecast, causing fears of food inflation.    Read more.... Adani Ports to acquire Jaypee Fertilizers for Rs 1,500 crore under JAL resolution IANS | 21 May, 2026 Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL).    Read more....         Customs Exchange Rates Currency Import Export US Dollar ₹94.2 ₹92.5 UK Pound ₹128.85 ₹124.8 Euro ₹112.2 ₹108.45 Japanese Yen ₹59.85 ₹58 As on 06 May, 2026   Daily Poll What is the biggest war impact on MSMEs?  Export Disruption  Raw Material Spike  Freight Cost Surge  Payment Delays  Currency Volatility  All   Commented Stories

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