The board of Kishore Biyani led Future Lifestyle Fashions (FLFL) has approved issue of equity shares and compulsory convertible debentures (CCDs) on preferential basis, which will help the fashion retailer, raise nearly Rs 175 crore. In a ...
Tags: FLFL, CCDs, Accessories
BASF India Limited inaugurated its large-scale chemical production complex at Dahej in Gujarat, India. With a project cost of INR 1,000 crore (approximately €150 million), the site represents BASF’s single largest investment in ...
Tags: BASF, Chemical Complex, Decoration
Mumbai & India-based producer of speciality chemicals, Pidilite Industries said it has acquired the adhesive business of Ahmedabad-based Bluecoat Private Limited. The transaction was concluded on a slump sale basis for a consideration of ...
After failing to get South Korean LG Chemicals on board as a technology partner for its Kochi-based petrochemical project, Indian public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said it will buy outright, the critical ...
Tags: BPCL, Technology, Textile
Gokul Jaykrishna, Joint MD, Asahi Songwon Colors is very optimistic about the growth outlook for the pigment industry in India over the next five years. He sees good growth for the business in Asian countries like India and China and also ...
The Indian paint industry is likely to surge from the current level of about Rs. 40,600 crore to about Rs. 62,000 crore by 2016 witnessing double-digit compound annual growth rate (CAGR) of about 20 percent, according to The Associated ...
Tags: Paint Industry, Positive Outlook
Global manufacturer and exporter of home textiles - Himatsingka Group plans to double revenue from its brands in the home textiles space. In the just completed fiscal year 2013-14, home textile brands in the group’s portfolio ...
Tags: home textiles, Himatsingka Group
Bangladesh-based denim fabric producer Envoy Textiles Ltd. is planning to set up a yarn spinning unit, 80 percent of which will be used for internal consumption, with the rest to be sold in the open market. The spinning unit, to be set up ...
Tags: Envoy Textiles, Yarn Spinning Unit, Textile
After opening its 100th store in Jalandhar, Swiss Military Worldwide, a premium global men’s lifestyle brand opened its first Mumbai store. This will be followed by an entry into markets of Gujarat, Madhya Pradesh and Southern ...
Arvind Ltd, a vertically integrated textile player, which also markets various apparel brands, has launched an online custom clothing brand – Creyate. Creyate, which is a multichannel concept, will also be available in exclusive brick ...
Thenzawl, in the state of Mizoram will be named a Handloom City, a government official said. Parliamentary Secretary, Joseph Lalhimpuia announced this recently, when on a visit to the Handloom Complex under Industries Department in ...
Tags: Thenzawl, Handloom City', Textile
Aditya Birla Nuvo managed - Pantaloons Fashion & Retail Ltd will invest Rs 150 crore to add 18-20 more new stores in this fiscal year. At present, Pantaloons operates and manages 83 large format stores across India. Pantaloons will also ...
Tags: Pantaloons, Apparel, Accessories
After acquiring a 70 percent stake in Italian home textile company - Giuseppe Bellora SPA in 2007, the Rs 2,000 crore vertically integrated Indian home textile manufacturer Himatsingka Group has now bought off the rest of the 30 percent ...
Tags: Himatsingka, Textile
National Textiles Corporation (NTC) has made profit in the year 2009-10, 2010-11, 2011-12 and 2012-13, but incurred loss during 2013-14. The main reason for loss during 2013-14 has been due to increase in raw material cost by 10.55 % ...
Tags: NTC, Apparel, Accessories
Reliance Industries Limited (RIL) reported its financial performance for the first quarter ended 30th June, 2014. Highlights of Quarter’s Performance (Consolidated) -Revenue (turnover) increased by 7.2 % to Rs. 107,905 crore ($ ...