MARKET & ECONOMY​

The board of directors in the meeting has recommended a dividend of 120 per cent for the financial year 2017 18. The growth in domestic was satisfactory. Overall, companys business grew across all markets barring a few Asian countries.

Coimbatore-based Elgi Equipments Ltd, a leading manufacturer of air compressors, announced the results for the financial year 2017-18 posting a PAT of Rs 76.9 crore, compared to Rs 68.4 crore in 2016-17.

Epson, and its subsidiaries, For.Tex. and Fratelli Robustelli, have appointed The Textile Engineers of Pakistan (TEP) to drive Monna Lisa digital textile printer expansion in the Pakistan market. TEP, established in 1949 as subsidiary of Platt UK, is a recognised supplier for a large number of important brands specialised in the industrial textile segment.