JSW Steel, the largest steelmaker in India reported its financial result for the third quarter and first nine months of fiscal year 2012/13. In the third quarter, JSW Steel posted profits after tax of INR1.37 billion, falling by 19% ...
Tags: JSW Steel, financial result, steel
G&K Services, Inc. reported operating results for the second quarter of its fiscal year 2013, which ended on December 29, 2012. Second quarter revenue grew by 5.6 percent to $229.2 million, up from $217.1 million in last year’s second ...
Tags: G&K Services, second quarter, 2013
One-off costs have caused profits at ingredients group CSM to fall in 2012, but sales growth and better-than-expected underlying earnings saw the firm's share price jump following its results announcement. CSM's share price rose by 4% in ...
Tags: share price, CSM, net sales
Delta Apparel, Inc. reported revenues for its fiscal 2013 second quarter and first six months ended December 29, 2012. Net sales for the fiscal 2013 second quarter were $106.8 million, a 1.2 % increase over 2012 second quarter sales of ...
Tags: Apparel profits, Apparel, cotton
The local sharemarket is expected to open higher when trading resumes today after the Australia Day holiday. In the US on Friday, the Dow Jones Industrial Average gained 70.65 points, or 0.51 per cent, at 13,896 points. Stocks were ...
Tags: sharemarket, US, share price
Cof its fiscal year, benefiting from the knock-on effect of acquisitions and higher volumes. For the nine months to the end of December, Pinguin Lutosa reported net sales up by almost 32% on the same period of the previous year, to ...
The Senate Armed Services Committee plans to investigate what happened with a massive, failed U.S. Air Force ERP (enterprise resource planning) project, amid a rising tide of calls for action on Capitol Hill to reduce wasteful IT spending. ...
Tags: Senate Armed Services Committee, ERP project, IT spending
The SNGPL has agreed to restore 25% gas supply to the textile industry with effect from 1st February 2013. It has been decided in the meeting of the management of APTMA held with Dr Asim Hussain, Advisor to the Prime Minister on Petroleum & ...
Tags: SNGPL, Gas Supply, Pak Textile Industry
Microsoft reported a drop in profit for the second quarter of its fiscal year, though revenue increased, thanks partly to a 24 percent jump in sales from its Windows division. Microsoft's revenue increased 2.7 percent to US$21.46 billion ...
Tags: Microsoft, profit drop, Windows division
Indian cotton yarn exports are likely to reach an all time high in the current fiscal year due to the increasing cotton yarn imports by China. Textile Commissioner Mr. AB Joshi said the country is expecting around 1000 million kg of yarn ...
US-based Dole Food has received clearance from the Chinese Ministry of Commerce to sell its worldwide packaged foods and Asia fresh produce business to Japanese trading house Itochu for $1.68bn in cash. The two companies had signed an ...
Tags: Dole Food, worldwide packaged foods, fresh produce business
Pakistan textile sector has lost around US$ 1billion worth of export orders during the last few months due to the shortage in supply of power and energy to the textile industries in Pakistan’s Punjab region. Mr. Ahsan Bashir, ...
Cisco Systems is planning to acquire Intucell in a bid to make its products more attractive to mobile operators as traffic volume on networks continues to grow. Cisco said Wednesday it will pay approximately $475 million in cash and ...
Tags: Cisco Systems, Intucell, mobile operators
Networking hardware giant Cisco is to acquire privately held network software provider Intucell for about $475m (£300m). Intucell, headquartered in Ra'anana, Israel, was founded in 2008 and provides self-optimising network (SON) ...
Tags: Cisco, networking hardware, network software
There has been a record rise in Bangladesh’s apparel exports to new emerging markets during the first six months of the current fiscal year that started on July 1, 2012. Indicative of a year-on-year rise of 24.11 percent, new ...
Tags: Bangladesh, Garment Exports, Markets Soar