MARKET & ECONOMY​

Germany-based Terrot GmbH, a leader of circular knitting machine manufacturing, has taken over the operational business of the insolvent PILOTELLI Macchine Tessili S.r.l., based in Cazzago San Martino (Brescia) by signing the corresponding contract today at a notary in Milan with the receiver in insolvency Dott. Flavio Rada.

Raymond recently announced its unaudited financial results for the fourth quarter and year ended March 31, 2014. The textile segments sales for the quarter witnessed an increase of 4 per cent at Rs 534 crore on the back of higher realisation