MARKET & ECONOMY​

Greaves Cotton Ltd has posted a 5 per cent growth in its revenue at Rs 445 crore for the quarter ended June 30, 2016 as against Rs 424 crore for the corresponding period last year. Despite tough market conditions, the company maintained its net profit at Rs 39 crore for the first quarter, 11 per cent decline from Rs 44 crore in the comparable period last year.

According to a NASDAQ Report, cotton for December delivery rose 2.1 per cent to end at 75.83 cents a pound on the ICE Futures U.S. exchange, the highest since June 24, 2014. Cotton has been a star performer this year among commodities.

The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.

Geo-textile technology is being used for the first time to repair damaged parts of NH-8 in Assam?s Karimganj district. Repairing work is going on a war footing to improve the stability of the soil for all-weather road that leads into Tripura.

Geo-textile technology is being used for the first time to repair damaged parts of NH-8 in Assam?s Karimganj district. Repairing work is going on a war footing to improve the stability of the soil for all-weather road that leads into Tripura.

Geo-textile technology is being used for the first time to repair damaged parts of NH-8 in Assam?s Karimganj district. Repairing work is going on a war footing to improve the stability of the soil for all-weather road that leads into Tripura.

The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.