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Read the top business news, equity market precursors, and economic and banking news updates from India and across the world for 29 July, 2022.

Bangladesh should ensure accreditation for local products to increase export earnings, reduce cost and time and implement the Sustainable Development Goals, speakers at a seminar said today.

Bangladesh earned $3.83 billion in merchandise exports in May, the lowest in nine months, as buoyancy in demand ebbed owing to higher inflation, according to data released by the Export Promotion Bureau (EPB) today.

The statement also added that the USA was the top export destination for the nation’s textiles and apparel shipments and accounted for 27 per cent share.

Pandemic inflicts short-term pain on textile hub of South India May 17, 2021 A knitwear export unit in Tiruppur (File photo)   -  The Hindu× RELATED Coimbatore, Tiruppur units see long-term gain from key export markets of US, Europe The sudden spike in Covid-19 infections in India, especially in and around the textile hubs, has hurt the textile sector, albeit temporarily, at a time when the industry has been gearing up to meet strong export demand catalysed by geopolitical factors. Though exporters were expecting some impact from the second wave, they were confident of overcoming it due t...