There is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the Union Ministry of Finance has clarified. The Central Board of Excise and Customs (CBEC) had issued a ...
Tags: textile goods, textile industry
Indonesian President Joko Widodo and the visiting British Prime Minister David Cameron have expressed their commitment to improve economic ties between the two nations. Addressing a joint press conference in Jakarta, Cameron said, ...
Tags: Economic Ties, engineering, energy
Of 26 provinces that have released their latest economic data, 24 posted an increase in GDP growth in the second quarter, while stable growth remained a major priority for the latter half of the year, reported Shanghai Securities News. ...
Tags: GDP Growth, China Economy
The European Bank for Reconstruction and Development (EBRD) is undertaking a Near-Zero Waste initiative in Turkey, by funding recycling setups, green initiatives and technologies that cut down on packaging waste. The program, which also ...
Tags: packaging, EBRD, packaging material, packaging waste
Driven by strong volume growth and surge in domestic sales, revenues in the three months to June 30, 2015 at Indian home textiles major and BK Goenka led Welpsun India Ltd soared 18 per cent year on year. In the first quarter of fiscal ...
Tags: home textiles, textile
Fat Face, the UK lifestyle clothing brand, has implemented TXT Retail's merchandise and assortment planning solution to support its fast-growing retail enterprise. Nick Stevenson, head of merchandising at Fat Face said, “Our ...
Thai Union Frozen Products (TUF) is planning to raise close to $380m, which will fund its planned acquisition of Bumble Bee Seafoods. TUF will offer up to 795.3 million new shares to its existing shareholders at $0.4685 each, Reuters ...
Tags: food, Bumble Bee Seafoods
Founded in 1994 in a state-owned building, diode laser maker DILAS of Mainz, Germany has now acquired ownership. The owner LLB Rheinland-Pfalz (Landesbetrieb Liegenschafts- und Baubetreuung) agreed to sell the building, which DILAS expanded ...
Haiti’s apparel sector has just got a shot in the arm. The International Finance Corporation (IFC), a member of the World Bank Group, has decided to invest $4 million to help The Willbes Haitian S.A., a subsidiary of South Korea-based ...
Tags: apparel manufacture, IFC, knits, sweaters, woven products, microfibers
A profitable high-speed rail (HSR) service between Melbourne, Sydney and Brisbane could be built for $30 billion – less than third of previous cost estimates – according to a new book. The rail would need little or no direct ...
Tags: high-speed rail, rail
Textile segment sales in the first quarter ended June 30, 2015 grew 10.74 per cent year over year at diversified Indian manufacturer, Sintex Industries Ltd. In a BSE filing, the textile division of Sintex Industries reported sales of Rs ...
Tags: Textile Segment, Sintex Industries, Textile
In the nine months to May 31, 2015, sales soared 23.9 per cent year over year at Japanese apparel marketer retailer Fast Retailing Group, which has in its portfolio clothing brands like Uniqlo, etc. In the period between September and May ...
Kitwave Wholesale Group has acquired Angelbell, which trades as Hulleys Frozen Foods. The move has increased Kitwave's customer base to 30,000 apart from extending its geographic reach and product offering. Hulleys is the second frozen ...
Kitwave Wholesale Group, an independent UK wholesaler of FMCG products, has added an eleventh company to its group following the acquisition of Angelbell by acquiring Hulleys Frozen. The acquisition is an excellent fit within the Kitwave ...
Tags: Kitwave Wholesale Group, FMCG products, frozen food, food production
The government has sought to allay fears of traders over "complexities" of the Goods and Services Tax (GST) with finance minister Arun Jaitley saying that the proposed taxation system will end the cobweb of various taxes and "miseries" ...
Tags: textile manufacture, GST