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Pakistan Textile Industry in Trouble
Apr 30, 2019More trouble for Pakistan's beleaguered textile industry. The Institute for Policy Reforms (IPR) in a report outlining structural factors that have hurt the industry, has said that the textile industry has made inadequate investment in ...
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The Year Trust Returned to The Diamond Trade
Apr 30, 2019There was little surprise when Time magazine named Donald Trump its ‘Person of the Year.’ Love him or hate him, Trump left his mark more than any other individual on 2016. Notably, the choice says as much about the impact he ...
Tags: Diamond, diamond industry
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How to Survive as The Diamond Trade Shrinks
Apr 30, 2019The diamond trade remains under pressure, and further contraction of the market is expected this year. Apart from being squeezed by high rough costs and declining polished prices, dealers lament there are too many players chasing the same ...
Tags: Diamond Trade, Diamond
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Official from the Department of Foreign Investment Administration of the MOFCOM Comments on the Influence of Improving the Quotation of the Middle Exchange Rate of RMB against the U.S. Dollar
Oct 16, 2015People’s Bank of China published the statement on improving the quotation of the middle exchange rate of RMB against the U.S. dollar on August 11. RMB depreciates against US dollars almost 4.6% in 4 days. This is the biased correction ...
Tags: foreign trade situation, rate of RMB against the U.S.dollar
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China Devalues Yuan in Surprise Move
Aug 12, 2015China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
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India Ratings Projects Increase to 7.7%
Apr 29, 2015A leading domestic rating agency India Ratings has projected a 7.7 per cent growth this fiscal driven by domestic demand. The projection is marginally low from the official growth forecast of 7.9 per cent. "We expect GDP to grow by 7.7 ...
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IRL Shows Indian Paint Industry Profile
Apr 28, 2015IRL has announced the launch of a new edition of its single country report A Profile of the Indian Paint Industry. In this study, IRL examines India’s paints and coatings market independently and not as part of a regional study on the ...
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Tirupur Knitwear Exports Surpass Rs 20, 000 Crore
Apr 14, 2015Knitwear exports from Tirupur cluster have registered a growth of 15.5 per cent in terms of rupee and 15.9 per cent in terms of foreign currencies during the just ended 2014-15 financial, according to a press statement issued by Tirupur ...
Tags: Knitwear exports, Tirupur cluster
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Tirupur Exporters' Association Welcomed RBI to Reduce The Policy Repo Rate by 25 Basis
Mar 5, 2015Tirupur Exporters’ Association has welcomed today’s decision of the Reserve Bank of India (RBI) to reduce the Policy Repo Rate by 25 basis points (bps) from 7.75 per cent to 7.50 per cent, and urged banks to pass on the benefit ...
Tags: Repo Rate
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Knitwear Manufacture Tirupur Exports Has Reached Rs 15,000 Crore
Feb 4, 2015Exports from Tirupur, known for knitwear manufacturing, has reached Rs 15,000 crore in the first nine months of the ongoing fiscal year 2014-15, A Sakthivel, president of Tirupur Exporters’ Association (TEA) said in a statement. ...
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TEA Asked for Investment Allowance,Withdrawal of AMT,Refixing of TDS and Wealth Tax Limit
Jan 19, 2015In its pre-budget memorandum, the Tirupur Exporters’ Association (TEA) among many demands has asked for extension of rupee export credit at 3 per cent interest rate subvention, import of specialty fabric using export performance ...
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The World Diamond Conference That Took Place Last Week in New Delhi
Dec 22, 2014The World Diamond Conference that took place last week in New Delhi, India, created a buzz in the industry that, frankly, needed a bit of a pick-up considering the state of the market. It not often that two heads of state attend a diamond ...
Tags: Diamond Trade, Arts
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De Beers Published This Week Publicized Diamond Insight Report
Nov 10, 2014The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was ...
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Grasim Industries Has Informed The Bombay Stock Exchange
Aug 12, 2014Grasim 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 ...
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Higher Input Costs Impair Grasim's VSF Q1fy15 Margins
Aug 5, 2014Viscose Staple Fibre (VSF) volume rose to 86,389 tons, up 11 percent at Grasim Ltd; a company of Kumaramangalam Birla-led Aditya Birla Group in the first fiscal quarter ending June 30, 2014. However higher input cost impaired the margins ...
Tags: Textile
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