As per Indian Ratings on Friday, it is expected that home textiles exporters will see a growth in the top and bottom lines on account of sustained demand. Stability in raw material prices will also help.
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Elgi Equipments Ltd reported an annual profit after tax (PAT) of Rs 1.02 billion and sales of Rs 19.24 billion for the year ended March 31, 2021 and expects to perform reasonably well in 2021-22.
BlissClub, a Mumbai-based women’s activewear brand, has managed to raise $ 2.25 million through seed funding led by Elevation Capital. The proceeds will be used for strengthening the team and in product development.
As per a RedSeer report, the Indian female innerwear market will double by 2025, owing to rising income levels and greater awareness about brands selling lingerie, shapewear, swimwear, and loungewear.
In a meeting held on Wednesday, BSE said that it has joined hands with Dun & Bradstreet Information Services India to create an ecosystem to help small and medium enterprises grow. The entities have also signed an MOU.
A new FET-100 series laboratory melt spinning system has been set up by Fibre Extrusion Technology Limited (FET) of Leeds, England, for filament yarn application in Indonesia.
The rate of inflation doubled in April due to a hike in the prices of fashion apparel and a drop in the prices of energy supplies. As per ONS, CPI jumped to 1.5% in April from that of 0.7% in March.