The commerce ministry is considering interest subsidy benefits for textile sector including garments to arrest falling exports, according to media reports. The interest subvention scheme of 3 per cent ended on March 31, last year. Under ...
Tags: Textiles Sector, subsidy benefits
Bhandari Hosiery Exports (BHE), an exporter and supplier of garments, plans to invest Rs 15 crore in machineries for yarn dyeing and sewing threads units at its existing facility at Ludhiana, according to media reports. BHE chairman ...
It is often assumed that emerging-economy living standards are bound to converge with those in developed countries. But, leaving aside some oil exporters and the city-states of Hong Kong and Singapore, only three countries and regions ...
Tags: emerging economy, financial crisis
Chinese shares dived on Tuesday, with the benchmark Shanghai Composite Index down more than 3 percent at the end of trading, driven by an exodus of capital from the stock market. The benchmark Shanghai Composite Index dived 3.47 percent, ...
Tags: ChiNext Index, Chinese shares
China will come out with a five-year plan (2016-20) for the development of its strategic emerging industries and to further boost its innovation efforts, the nation's top economic planner said on Friday. The National Development and ...
Tags: Emerging Industries, Economy
Chinese stocks and economic growth have long had little to do with each other. Between 2010 and early 2014, when China boasted the world's fastest-growing economy, its stockmarket was consistently among the world's worst performers. Since ...
Tags: Stockmarket, Economy
Suntory Beverage & Food (SBF) has signed a basic agreement to buy beverage business of Japan Tobacco (JT) for $1.2bn. According to SBF, the deal also includes acquisition of canned coffee brand Roots and peach-flavored drink brand Momono ...
Tags: Suntory, Japan Tobacco
Nigeria’s textiles traders are a worried lot over the increasing Chinese footprint in the country. While the proliferation of Chinese-made textiles is a boon for low income consumers, traders in Kano, northern Nigeria’s biggest ...
Tags: textile market, textiles
China is pushing for exports of industrial capacity, a new economic dynamic. Chinese Premier Li Keqiang will witness the signing of several deals on industrial capacity cooperation in Brazil, the first leg of his Latin America tour, said ...
More steps necessary to reverse trend, says government think tank China may need more time to reverse the current economic downturn than previously expected, and further measures are necessary to prevent an accelerated cooling, a leading ...
Tags: economic downturn, China economy
Cabela’s Incorporated reported total revenue increased 14.0 percent to $827.1 million in the first quarter ended March 28 due primarily to the opening of new stores and associated growth at its credit card business. Cabela's Retail ...
Tags: Cabela, Sporting Goods
Kishore Biyani led Future Retail said it has raised Rs 600 crore through an issue of non-convertible debentures (NCDs) on private placement basis. In a BSE filing, Future Retail said, "The committee of directors has considered, ...
Tags: BSE filing, Apparel
Marine logistics company Oricon Enterprises (OEL), a flagship company of Parijat Enterprises, will be acquiring 70% stake in India-based Oriental Containers for $16.77m (INR105cr). OEL will buy the company from its Mauritius-based joint ...
Tags: OEL, water closures, Packaging
Move is precursor to further liberalization of interest rate system An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more ...
Tags: Bank Deposit, Deposit Insurance
The Annual Conference of the Boao Forum for Asia held its first discussion session on Thursday afternoon. For the first time, issues of China's inclusive approach to international finance and rural banking were high on the official ...
Tags: Rural Banking, Boao's Agenda