SIMA demands level-playing field for domestic textile sector

Last Updated: Sunday, August 9, 2015, 17:15

Asserting that the domestic textile industry is facing recession for the last 15 months, Southern India Mills' Association (SIMA) has appealed to the Centre to take immediate steps to create a level-playing field for the sector.

Textile sector outlook stable with downside risks: Ind-Ra

Last Updated: Tuesday, July 7, 2015, 17:55

The country's textile industry has a stable outlook for the current fiscal on account of robust domestic demand, lower input costs and competitiveness in apparel exports, says a report by India Ratings & Research (Ind-Ra).

Chambal Fertilisers to sell Birla Textile Mills to Sutlej

Last Updated: Tuesday, June 30, 2015, 21:06

The unit Birla Textile Mills (BTM) located at Baddi in Himachal Pradesh, will be sold on a 'slump sale' basis subject to requisite approvals, the company said in a BSE filing.

India among fastest growing FDI sources for USA

Last Updated: Monday, June 29, 2015, 21:10

India is one of the fastest growing FDI sources for the United States with investors from the country more interested in US' aerospace and textile sectors, among others, a top official at US embassy said on Monday.

CBI registers FIR against Shankarsinh Vaghela in NTC land scam

Last Updated: Wednesday, June 17, 2015, 18:53

CBI has registered an FIR against former Union Textile Minister Shankarsinh Vaghela and six others incluing the then Chairman-cum-Managing Director of National Textile Corporation for sale of prime property in Mumbai allegedly at "throwaway prices" to a private company.

Exotic forex derivative issue surfaces again

Last Updated: Tuesday, June 16, 2015, 23:35

The 'exotic forex derivative' issue which allegedly cost nearly Rs 400 crore to exporters here, has again surfaced, as a major bank recently initiated the process of auctioning a running textile unit in this knitwear town to recover some Rs 23 crore from the owners.

CCI approves acquisition of Birla Textile Mills

Last Updated: Friday, June 12, 2015, 20:24

Sutlej Textiles & Industries, the flagship company of the KK Birla Group, had received the approval from its Board of Directors to acquire Birla Textile Mills in March this year.

Welspun India Q4 net profit jumps 97.39% to Rs 161.37 cr

Last Updated: Wednesday, April 29, 2015, 23:34

Textile firm Welspun India Wednesday reported a 97.39 percent increase to Rs 161.37 crore in its consolidated net profit for the fourth quarter ended on March 31, 2015.

US based textile company to launch products in India

Last Updated: Sunday, April 26, 2015, 19:08

Leading US-based home textile company Nextt, which is headed by an Indian, has decided to participate in the 'Make in India' initiative by launching its products in the country early next year.

ITC in talks to buy Century's paper business: Sources

Last Updated: Wednesday, April 22, 2015, 11:03

ITC Ltd, India`s largest cigarette maker, is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sources directly involved in the deal.