More than 100 cotton/man-made fibre textile mills have closed since 2009-10 in India, as per the data available with Textiles Commissioner. This was stated by Minister of Textiles, Mr. Anand Sharma, in a written reply in the Rajya Sabha, ...
Tags: India, Textile Mills, 2010
Sustenance of conducive business environment for the textile industry is the need of hour with respect to cotton policies, said Mr. S Dinakaran, Chairman of The Southern India Mills’ Association (SIMA). SIMA Chief has said that after ...
Tags: SIMA, CCI, Cotton Prices
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
Suzlon Energy rallied as much as 9% to touch an intraday high of INR 19.60 on December 28th Friday as the lenders will meet to discuss CDR package. According to the reported, the lenders to debt ridden Suzlon will meet on Friday to ...
Tags: Suzlon Energy, CDR package, restructuring package, company news
Suzlon Energy,world's fifth largest wind turbine supplier,announced that Mr Tulsi Tanti CMD of Suzlon Energy on behalf of the promoter group sold 2.11%stake for a total consideration of INR 630 million to raise funds for Corporate Debt ...
Tags: Suzlon Energy, Tulsi Tanti, CDR, wind turbine supplier
Bhuwalka Steel Industries Ltd has informed BSE that the Company’s application for restructuring of its bank borrowings under Corporate Debt Restructuring with CDR Cell and bank lenders viz, Canara Bank and IDBI Bank Ltd, has been ...
Tags: Bhuwalka Steel, Steel, BSE, Board meeting
Vitro announced yesterday it has initiated a process in a Mexican court aimed at recovering close to $1.6 billion USD in damages resulting from lawsuits which placed the company and 17 subsidiaries into involuntary bankruptcy, later ...
Tags: Vitro, Mexican glassmaker, glass, Construction
After nearly a 2 year long lull, construction equipment makers are looking forward to early signs of revival of domestic mining and road construction sector. The revival has come at a time when construction equipment market in the rest of ...
Tags: construction equipment, domestic mining, road construction sector
Trade Arabia reported that UAE based Dana Gas has reached a lock-up and standstill agreement with bondholders to restructure USD 920 million Islamic bond by reducing the debt to USD 850 million via USD 70 million cash. Dana said that the ...
Tags: UAE, Dana Gas, Metallurgy, Gas
Following the go ahead by the Reserve Bank, banks have begun restructuring the loans worth around INR 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines. The Goa Chamber of Commerce and ...
Tags: mining sector, iron ore miners, Loan servicing, Mining
Bangkok Post reported that a debt of THB 43 billion owed by Thailand's largest hot rolled coil steelmaker, Sahaviriya Steel Industries is placing pressure on its major lenders' share prices. The three major lenders are Krung Thai Bank, ...
Tags: debt loan, hot rolled steel, steel coil, steel industry
Economic Times reported that HMT Ltd has plans to invest INR 200 crore for expanding tractors capacity, engine production and roll out premium watches as part of its strategy to reach INR 3,000 crore of turnover in the next 5 years. The ...
Tags: Economic Times, HMT Ltd, tractors capacity, engine production
Visa Steel, which went into a corporate debt restructuring program 2 months ago, might try to bring in a strategic investor in its core long steel business. Mr Vishal Agarwal MD of Visa Steel said that "In the special steel business, we ...
Tags: Visa Steel, core long steel, steel business, raw material
Vitro, S.A.B. de C.V. (BMV: VITROA) (“Vitro” or the “Company”), one of the world's largest producers and distributors of glass products, today announced 3Q’12 unaudited results. Third Quarter 2012 ...
Tags: EBITDA, Vitro, glass products, sales
THE WOODLANDS, Texas — Furniture, electronics and appliance retailer Conn's posted net income of $11.8 million or 35 cents per share in its fiscal third quarter as higher margins and a strong furniture and bedding business continued ...