MARKET & ECONOMY​

Switzerland-based Rieter Holding Ltd and Shanghai (China) listed Saurer Intelligent Technology Co. Ltd have signed an agreement by which Rieter will acquire three businesses from Saurer Netherlands Machinery Company B.V. (Amsterdam/Netherlands), the parent company of Saurer Spinning Solutions GmbH & Co. KG, Uebach- Palenberg/Germany and Saurer Technologies GmbH & Co. KG (Krefeld/Germany).

Indian Terrain Fashions Ltd (ITFL) has modified its business model and started to focus on e-commerce, digitalisation, sustainability, and children’s wear, said Venkatesh Rajagopal, Executive Chairman.

Cosmo Speciality Chemicals, a wholly-owned subsidiary of Cosmo Films Ltd, has launched a clay-based sourcing agent, Eco Clay, for the textile industry which reduces load on E.T.P upto 30% along with reducing COD/ BOD levels in the wash effluent by eliminating/reducing the need for additional auxiliaries in treatment baths i.e. wetting, sequestering, demineralizing & stabilizing agents, surfactants, lubricants, softeners, and defoamers.