MARKET & ECONOMY
Welspun India Ltd has reported a rise in the consolidated net profit in Q1 due to strong sales. The consolidated net profit in the quarter ended June 30 is Rs 2.22 billion.
Snapdeal, an e-commerce company, announced that its sales in the fashion category have increased by 210% from January 2021 to June 2021.
SRF, the manufacturer of industrial and speciality intermediates, has made major changes in key managerial personnel. Also, the stock of the company has recorded a new high recently.
The textile industry in Amritsar is facing a challenge of high raw material cost and low demand due to the current situation of Covid-19.
As per the statistics, the admissions to polytechnic colleges have been very few this year. The colleges in small towns are struggling to fill sanctioned seats.
TexCoat G4 non-contact precision spray will be showcased by Baldwin Technology Company Inc at the Techtextil North America trade show. The fair will take place from August 23rd to 25th, in Raleigh, North Carolina.
The Council for the Development of Cambodia (CDC) approved final registration certificates for six investment projects worth over $58 million that are expected to generate 8,535 new jobs.
According to A. Sakthivel, Chairman, Apparel Export Promotion Council and Federation of Indian Export Organisations, there should be a separate export policy for Tamil Nadu.
Mizuno, the global sportswear brand, has entered into a partnership with Swedish firm Polygiene to cater to the growing demand for durable and high-performance activewear in China.