Grasim Industries Ltd., a flagship company of the Aditya Birla Group, has informed the Bombay Stock Exchange (BSE) that it has commenced commercial production at its Greenfield Viscose Staple Fibre (VSF) plant at Vilayat village in Bharuch ...
Reacting on the apparel exports data, for the month of April 2014-15, Mr. Virender Uppal, Chairman AEPC, remarked, “This is the first month of the 2014-15 and Apparel Exports have recorded the growth of 14.33% compared to the April ...
Tags: April Apparel, Apparel Exports
Despite tough economic environment and rising input costs, the Rajasthan-based Banswara Syntex saw its bottom-line growing over two-fold in the quarter ended September 2013, helped by turnaround in exports in line with the rupee ...
Tags: Banswara, Lycra, RBI, readymade garments
Damodar Industries witnessed a 50 per cent growth in net sales during quarter ended September 2013, driven by robust export revenues amidst increased demand for the value-added yarn from China and rupee’s depreciation against the US ...
The year 2013 was a blessing for Pakistan’s textile industry, especially for the spinners. The country’s spinners made the most out of their competitiveness over India, courtesy good production of short staple fibre. Din Textile ...
Tags: Din Textiles, textile industry
Till date nearly 1 crore bales have arrived in the market and approximately 2.75 crore bales are yet to arrive in the Indian market. Mills and exporters are cautiously procuring cotton considering the financial tightness in the market. ...
Tags: Cotton Buying, Rupee Depreciation
India’s leading textile brand Raymond plans to return its sights to growth and higher profitability in the coming quarters by improving operational efficiencies and strengthen its branded textile business which constitutes nearly half ...
While Chinese polyester players are emerging as "too big to fail", their closest rivals from India have hit the slowdown wall as they struggle with poor economies of scale in the event of weak demand from major markets like Europe. The ...
Grasim announces financial performance for the 2nd quarter ended 30th September, 2013 Consolidated Financial Performance: Grasim Industries Limited, an Aditya Birla Group Company, has reported Revenue of ` 6,849 crore and Net Profit of ...
Hit by the dramatic rise in finance costs and rupee depreciation, Jindal Stainless' (JSL) reported a net loss of Rs 412 crore for the second quarter ended September 30, 2013. Also, the Company holds a conservative outlook on the domestic ...
Profits at Sri Lanka's Piramal Glass Ceylon Plc (PGC) fell 93 percent to 18.7 million rupees in the September 2013 quarter from a year earlier as volumes dropped in a slowing economy but the firm said it boosted exports. The firm reported ...
Tags: Construction, Decoration, Glass
The shifting of orders for apparel from Bangladesh to other countries is a challenge for the country’s garment sector, Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said at a press ...
Indian automotive systems manufacturer Anand Automotive is planning to invest INR12bn ($183.1m) on new product development and capacity expansion over the next five years. The company also plans to take advantage of the rupee depreciation ...
While Indian rupee has become all-time low against the US dollar, the textile and apparel exporters of the country are pondering on benefits of sharp fall in rupee on the industry. The Indian rupee was marked at Rs. 61.66 on August 18, 2013 ...
Tags: Textile Exporters
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