The commerce ministry is considering interest subsidy benefits for textile sector including garments to arrest falling exports, according to media reports. The interest subvention scheme of 3 per cent ended on March 31, last year. Under ...
Tags: Textiles Sector, subsidy benefits
Indian lingerie and sleepwear brand Clovia has named a new leadership team that it said will lead the company into its next stage of growth. “Pankaj Vermani has joined Clovia as its chief executive officer, while Aditya Chaturvedi ...
Bangladeshi exporters, including apparel makers, will now have to pay 0.6 per cent tax at source on their income from export from the upcoming financial year, as the government slashed the rate from the proposed 1 per cent, according to ...
Tags: Bangla Apparel, Apparel
GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has raised its revenue guidance for second-quarter 2015 by 5%, from the $9.3-9.5m ...
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA says that its board of directors has approved the following: a restructuring of the LED Products business; a $500m stock buyback authorization for fiscal 2016; and the ...
Tags: Cree LED, LED chip, ASP Erosion
DS Smith is expanding its market share in Spain after agreeing to buy Spanish company Grupo Lantero's corrugated products business. The recyclable corrugated packaging provider said the €190 million purchase, including assumed debt, ...
Tags: DS Smith, corrugated packaging
Plastic packaging giant RPC Group is surging ahead with more acquisitions to boost growth. Speaking at a media event in central London this week, chief executive Pim Vervaat said that the company was becoming a leader in plastic products ...
Tags: Plastic packaging, RPC Group, plastic products, packaging
The Chinese elevator market has been characterized by the followings since 2014: New elevator output sustained growth momentum but at a slower pace. In 2014, China’s elevator output exceeded 700,000 sets, up about 12% from a year ...
Tags: elevator market, Elevator
Driven by gross margin expansion and a lower tax rate, earnings per share surged 25 per cent, year over year at sports good and sportswear marketer Nike Inc for the fiscal ending May 31, 2015. A Nike press release informed that fiscal ...
Tags: Nike, comfortable footwear, fashionable sports shoes, sports footwear
Though the Chinese government promulgated the "Great Wall of Protection Ordinance" in 2006, the world famous ancient stone fortification is still disappearing at a tremendous speed, especially the parts in forsaken mountain areas. ...
Tags: Great Wall, stone fortification
The Chinese government is struggling to meet its fiscal targets this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth. The central treasury received 2.95 trillion yuan (about 475 billion U.S. ...
Italian chocolate producer Ferrero has agreed to acquire Thorntons, in a cross-border deal that values the British chocolate maker at around $177.7m. Ferrero will make the transaction through its subsidiary Ferholding, which has been ...
For its fiscal fourth-quarter 2015 (ended 3 May), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $320m, up 4.5% on about $306m both a year ago and last quarter. The ...
Tags: Finisar, OpEx, Electronics
For the first fiscal quarter ended April 30, 2015, net revenue at Egyptian apparel retailer Arafa Holding climbed 9 per cent over the same period of previous fiscal. Arafa Holding reported net revenues of $62.0 million during the first ...
Tags: apparel, Arafa Holding
Mangalore Refinery and Petrochemicals Ltd (MRPL) has commenced commercial production of polypropylene (PP) post-completion of its Phase III refinery expansion and upgradation project. In a filing to the BSE, MRPL said it successfully ...
Tags: polypropylene, PP Production