MARKET & ECONOMY​

Although December futures have been testing higher values, they have yet to break decisively above resistance near 68 cents/lb and were range-bound over the past month with values trading between 65 cents/lb and 68 cents/lb.

The 8th Asian Textile Conference (Atexcon), being organised by The Confederation of Indian Textile Industry (CITI) will be held on 22nd & 23rd September 2014 at Hotel Westin, Mumbai, India. The U.S. Foreign Commercial Service, Department of Commerce, USA is the supporter of the 8th ATEXCON.

Flipkart is planning to raise over $1 billion, the biggest ever fund-raising by an Indian e-commerce company. Half of the amount will come from existing investors Tiger Global, Russian billionaire Yuri Milner´s DST

The Lenzing Group has successfully initiated production at its new TENCEL-« jumbo production facility, the largest in the world, at the Lenzing site in Upper Austria. The plant is in the midst of a stable ramp-up phase. The feedback on the part of the market is very positive.

Flipkart is planning to raise over $1 billion, the biggest ever fund-raising by an Indian e-commerce company. Half of the amount will come from existing investors Tiger Global, Russian billionaire Yuri Milner´s DST