The Tiruppur apparel industry is on the brink of a labour crisis as thousands of migrant workers from Uttar Pradesh are returning to their homeland amid increasing job opportunities there, particularly after the inauguration of the Ram Mandir in Ayodhya. Migrant workers constitute half of the estimated 600,000 workers at apparel units in this textile…
Representative image New Delhi: Gokaldas Exports Limited (GEL) has signed an agreement with Matrix Clothing Private Limited (MCPL) for the acquisition of its 100 per cent of share capital of Matrix Design and Industries for an enterprise value of Rs 489 crore, it said in a press release on Friday. From the total value, Rs…
DEHRADUN: The five-member panel constituted for drafting the uniform civil code (UCC) in Uttarakhand handed over its final draft report to CM Pushkar Singh Dhami in an event at the CM camp office on Friday morning. The draft would be discussed and passed in the state cabinet meeting scheduled on Saturday (February 3). Thereafter, it…
LONDON: Adidas deliveries to retailers are being delayed by Red Sea shipping disruptions, the CEO of the sportswear company told analysts on Thursday, adding that soaring freight rates are weighing on gross margins. Shipments are currently delayed by about three weeks, CEO Bjorn Gulden said, and that is causing some delivery issues, especially to Europe….
(Representative image) New Delhi: Footwear firm Bata India Ltd reported a 31.04% fall in their net profit, and a 0.7% rise in the total income during the third quarter ended December. This was driven by premium categories amid muted demands. Net profit fell from Rs 83.11 crore in the last year to Rs 57.31 crore…
RANCHI: Hemant Soren recorded and released a video message minutes before his arrest by ED in a land scam case late Wednesday, terming the action “only a pause in the struggle called life” and vowing to “fight on”. The former Jharkhand CM quoted Hindi poet Shiv Mangal Singh Suman to articulate his resolve to keep…
