MARKET & ECONOMY​

India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51% stake in Sabyasachi brand.

GHCL, India’s leading chemical and textile company, recently announced its financial results for Q3 FY21. The company’s performance was encouraging with 26 per cent profitability (PBT) growth Y-o-Y basis and 41 per cent profitability (PBT) growth Q-o-Q basis.

Smriti Zubin Irani, Union Minister of Textiles & Women and Child Development, government of India inaugurated the 41st India Carpet Expo, which will be held from 27 to 31, January, 2021 virtually. She requested all the international buyers, media professionals to visit and explore the carpet collection of India.