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Phoenix Mills to reopen its retail malls in Maharashtra
August 2020
The Phoenix Mills Limited (PML), India’s largest retail-led mixed-use asset developer and operator, announced the reopening of its three flagship retail malls in Maharashtra as per the Unlock 3.0 guidelines of the Government of Maharashtra.
What’s happening in India’s cotton and textile sectors
July 2020
Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 Kgs each) as against its previous estimate of 33 million bales (170 Kgs each). This is about 550,000 bales higher than the previous estimate.
Rieter 1st half of 2020 severely impacted by COVID-19
July 2020
The COVID-19 pandemic led to a market situation where demand for the goods and services of all three business groups decreased significantly.
GHCL reports 50% fall in net revenue for Q1FY21
July 2020
Net revenue for Q1FY21 is at Rs 440 crore as compared to Rs 879 crore in the corresponding quarter ended June 30, 2019.
MSMEs face existential crisis
July 2020
Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).
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