Avi Ansh Textile IPO: The initial public offering (IPO) of Avi Ansh Textile opened for subscription on Friday. Avi Ansh Textile is a cotton yarns manufacturing company looking to raise nearly ₹26 crore from primary market. Avi Ansh Textile IPO is an SME IPO and will remain open till September 24. The equity shares of the company will be listed on the NSE SME platform.
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The recent hike in import duties on edible oil is unlikely to have a significant impact on domestic inflation. The increase in the basic customs duty on crude soybean, palm and sunflower oil from 0 to 20 per cent, which came into effect from September 14, is expected to offset the gains from the international price decline.
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A senior EY official said on Friday that the issue of "long working hours" is not just related to the company, but it’s a problem that’s prevalent everywhere right now. She said the matter "needs to be resolved at a larger scale". Her comments came amid an uproar over the death of 26-year-old Anna Sebastian, who worked at EY’s Pune office.
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