The foreign direct investment (FDI) policy of the Indian government could lead to a boom in textile and apparel sector as several global players, including Walmart and Hennes & Mauritz (H&M), plan to enter the country through FDI route. ...
Tags: textile sector, textile, apparel
Macy’s, Inc. announced that it will expand its online order fulfillment center in Goodyear, AZ, to accommodate continued sales growth as part of the company’s omnichannel strategy. The company is expected to invest more than $35 ...
Tags: Macy, Goodyear facility, Goodyear
The field of IT is notorious for being persistently male-dominated, but that doesn’t mean women still suffer from a gender gap when it comes to pay. In fact, the compensation gender gap has disappeared for tech workers, according to ...
Tags: IT salaries, IT field, technology
Khadi and Village Industries Commission (KVIC) implements a number of schemes that provides large scale employment especially in rural areas of the country. Although there is no such target specifically set for the current year, cumulative ...
Reserve Bank of India while announcing the Mid – Quarter Monetary Policy: March 2013, reduced the Repo Rate from 7.75% to 7.5% with immediate effect. In a reaction to the policy, Dr A Sakthivel, president said though he welcomed the ...
Tags: Garment exports sector, Garment exports, Garment sector
Yesterday, Chancellor George Osborne delivered his Budget statement. He pledged to scrap a 3p rise in fuel duty, cut national insurance payments and raise the personal allowance to £10,000 next April. Every business in the country ...
Tags: Industry Chiefs, Packaging, Chancellor
Bandit Lites has revamped its website, www.banditlites.com, with a vibrant, dynamic new look. The website includes updated information regarding lighting tours, special events, system sales and solutions and LED technology. Galleries ...
The 11th Five Year Plan growth targets for textiles sector were (a) cloth production to grow at the rate of 12 percent in volume terms; (b) clothing and apparel to grow at the rate of 16 percent in volume terms and 21 percent in value ...
Tags: fabric output, fabric, textiles sector
At least 150 workers at CSR’s Viridian glass-making factories in western Sydney confront the closure of their plants and the destruction of their jobs, in the latest of the swathe of job cuts sweeping through the manufacturing sector ...
Tags: glass workers, glass, glass making factories
There is no other remedy for curbing fire incidences in readymade garment factories in Bangladesh except enforcing a law requiring adherence and improvement in compliances relating to construction of factory buildings, fire fighting ...
Tags: Compliance Law, Bangladesh Garment Factory Fires, Apparel
February retail sales exceeded expectations, according to data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that February retail sales at $421.4 billion were up 1.1 ...
Tags: retail sales, sales, promising signs
The Australian dollar rose to a five-week high yesterday after data showed the nation recorded its strongest monthly employment growth in almost 12 years last month, diminishing the chance of further immediate interest rate cuts that might ...
Tags: Australian dollar, dollar, Financial
The latest Manpower Employment Outlook Survey results show hiring sentiment for the second quarter of 2013 will remain subdued, as local economic and political uncertainty continues to affect employers. The survey found employers' hiring ...
Tags: Australian Market, Service, economy
Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
An afterglow effect from Australia's stellar jobs numbers helped support the dollar in quiet trade today, although traders cautioned that further significant gains for the currency are unlikely in the near term. "Today the Australian ...