Dr. A Sakthivel, Chairman AEPC, while releasing the apparel export data for the month of March 2012-13 stated that, “Export in dollar terms for 12 months of the Financial Year (FY) 2012-13 has declined by 6 per cent over the same ...
Tags: Apparel Exports, Textile
The value of Pakistan s cement exports has certainly picked up thus far this fiscal, with the latest figures showing a 22.79% increase in the first three quarters of the current financial year. In the period July 2012 C March 2013, exports ...
Tags: cement, Construction
Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets. The ...
Tags: Infosys, Computer Products
It’s reported that Jindal Stainless, the largest stainless steel producer in India released its financial result for the fourth quarter of 2012. The company posted a net loss of INR2.57 billion for the fourth quarter of 2012, ...
Tags: Jindal Stainless, stainless steel product, company news
Textured Jersey Lanka PLC (TJL), Sri Lanka's leading provider of knit fabric to major global brands such as Victoria's Secret, Marks & Spencer, Intimissimi and Decathlon, reported Rs. 365mn in net profit for the quarter ended 31st December ...
India’s Gem & Jewellery (G&J) sector witnessed another volatile year with weaker rupee and sluggish global economy adding more agony to its exports which declined by 17.09% in dollar terms and 4.65 per cent in rupee terms in 2012. ...
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
Wipro's fourth-quarter IT services revenue grew 4.8% year on year, reflecting an overall recovery in offshoring to India. The Indian outsourcer said Friday revenue from IT services in the quarter was $1.58 billion, as its customers ...
Tags: IT service, Wipro, India
Garments Exporters Association (GEA) has requested the Government to provide adequate fiscal relief for the garment sector of the textile industry to enable it to face increasing international competition. GEA has pointed out that garment ...
In a desperate move to restrict imports of gold, the Indian Government and Reserve Bank of India (RBI) are planning to further increase import duty on gold from prevailing 4% to 6%. It had quadrupled the gold import duty from 1% to 4% last ...
Tags: Government, India, Jewellery Industry
The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014 for nine different sectors, including readymade garments, handlooms, carpet and ...
Tata Consultancy Services had strong revenue and profit growth in the fourth quarter, indicating that the offshoring market is recovering. The business momentum is expected to continue in 2013, as customers invest in more efficient ...
Tags: Consultancy Services, Tata, outsource
Khaleejimes.com reported that remittances from the UAE are on track to record 15% growth in 2012 to USD 12.87 billion, surpassing the overall GCC growth rate in outflows at 12.57%. Mr Y Sudhir Kumar Shetty COO of Global Operations, UAE ...
Tags: UAE, Metallurgy, Mineral, remittances
Cat was finally out of the bag on the 3rd day in New Year. Even though not coming as a surprise the muddled pattern gave indication of inherent diffidence. As reported earlier by us on January 1st, it is learnt that HRC price is hike by ...
Tags: HRC price, India, steel mills, steel price
Business Line reported that Mercedes-Benz India is raising the prices of its vehicles from 1% to 3% with effect from January 14th 2013. Mr Eberhard Kern MD & CEO of Mercedes-Benz India said that "Rising inputs cost, volatility of the ...
Tags: Mercedes Benz, India, vehicle, car industry