US-based life sciences company Swallow Solutions has raised $1.046m in Series A financing, led by Venture Management, with participation from NEW Capital Fund, Wisconsin Investment Partners, and individual investors. The firm is planning ...
Dutch insurer ING has disposed of its underwriting businesses in Hong Kong, Macau and Thailand to Pacific Century Group (PCG), for a combined consideration of €1.64bn ($2.14bn) in cash. ING insurance operations in Hong Kong and Macau ...
UK underwriter Aviva has agreed to sell Aviva Russia to Blagosostoyanie, a Moscow-based non-state pension fund, for a cash consideration of €35m. Subject to the approval of the Federal Antimonopoly Service of the Russian Federation, ...
Tags: Aviva, Blagosostoyanie, cash consideration
The zero excise duty on cotton textiles at fibre, yarn, fabric and garment stages announced in the Union Budget 2013-14 will help reduce prices of end products, according to India Ratings & Research (IRR), a Fitch Group Company. The ...
Tags: cotton textiles, fibre, yarn, fabric, garment stages
Indian textile and apparel manufacturers are expecting boost for the sector as Union Budget 2013-14 has opened new opportunities for investments in the domestic as well as international market with reduced excise duty on branded garments, ...
What's it like coming to work at an office that has a 327-acre automotive test facility pictured just outside your window? We'll, it's pretty cool. We have the largest and most sophisticated independent automobile testing center devoted ...
Tags: automotive test, automobile testing, car
Some Republican lawmakers on Wednesday accused two U.S. agencies of wasting hundreds of millions of dollars in broadband stimulus money on failed projects, but supporters of the broadband spending questioned the Republican numbers. Some ...
Tags: broadband stimulus, broadband spending, US
The Greater London Authority (GLA) has issued prior notice of its plan to select a supplier or suppliers to help with its Super Connected Cities Plan (SCCP) initiative. The government's broadband delivery team, BDUK, awarded GLA an ...
Tags: Greater London Authority, SCCP, network
The Indian textile industry, employing over 100 million people directly and indirectly has been looking for various schemes and assistance in the Union Budget 2013-14 to regain its global competitiveness which faced the worst ever crisis in ...
Tags: textile industry, Union Budget, SIMA
The Union Budget 2013-14 presented by the India’s Finance Minister P Chidambaram has brought cheer for the textile and garment industry as the Central Government has accepted their long standing demand for removal of excise duty on ...
Tags: India, Textile Sector, Garments
Confederation of Indian Textiles Industry (CITI) has welcomed the Central Budget 2013-14 presented by the Finance Minister, Shri P. Chidambaram in Parliament as a positive package for accelerating the recovery of the textiles industry. In a ...
Tags: CITI, Central Budget, Textile Sector
Packaging manufacturer North State Flexibles has announced plans to expand its operations in Greensboro, North Carolina, US with an investment of over $6m over the next three years. The City of Greensboro, Guilford County, and the State ...
Tags: Packaging, North State Flexibles, abeling
The PMMI Education & Training Foundation distributed nearly $100,000 in 2012 to help students and member company employees improve their knowledge and skills, says Charles D. Yuska, president & CEO, PMMI. “This is an effort that ...
Tags: PMMI, packaging, Manufacturing
The Export Finance and Insurance Corporation (EFIC) says caution is still warranted on the global economic outlook . In the latest issue of its World Risk Developments report, EFIC cites risks in the US and the euro area as “a ...
The performance of the Indian Textile Sector has improved considerably during last two decades The production of Spun-yarn, Man-made fibre and filament yarn increased from 2443 Mn Kg. in 1991-92 to 7069 Mn Kg. in 2011-12, whereas total ...
Tags: Performance, India, Textile Sector