Readymade garment manufacturers are likely to post an 8-10 per cent increase in revenue on the back of growing domestic demand and revival of exports, a report said on Friday. Domestic demand and revival in exports have been driven by lower cotton prices and easing supply-chain disruptions, the report by Crisil Ratings said. Volume growth…
KARACHI: At least 52 people were killed and over 130 were injured in a suicide blast near a mosque in Pakistan‘s restive Balochistan province. Geo News reported that the explosion occurred near Madina Mosque in the Mastung district when people were gathering to mark Eid Miladun Nabi, the birth anniversary of Prophet Muhammad.Mastung’s Deputy Superintendent…
Peloton and athletic wear maker Lululemon have announced a five-year partnership, effectively closing the curtain on Lululemon’s recently acquired connected fitness device, Mirror. The interactive fitness company steps in to become the exclusive digital fitness content provider for Lululemon, which in turn becomes the primary athletic apparel partner to New York-based Peloton. Vancouver, British Columbia-based…
Promoters held 74.78 per cent stake in the company as of 30-Jun-2023, while FIIs owned 3.03 per cent, DIIs 14.71 per cent. Chico’s FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63% in premarket trading. Shareholders of Chico’s…
The Kitex Group on Thursday began work on its second integrated fibre-to-apparel manufacturing cluster in Telangana. More than four months after commencing the work on its first project at Kakatiya Mega Textile Park (KMTP) in Warangal, it laid the foundation stone for the second cluster at Seetharampur in Rangareddy district near Hyderabad. Kitex, which is…
KOLKATA: CRPF troopers will replace officers of Kolkata Police in the office and residential sections of the Raj Bhavan, with the Union home ministry clearing the move following a complaint that the state cops were conducting surveillance on Bengal governor CV Ananda Bose’s activities.The shuffle is the latest turn in an ongoing tussle between the…
New Delhi: Malabar Gold and Diamonds, on Thursday said that it will invest Rs 1,000 crore and generate 4,000 jobs in Maharashtra by FY25. The announcement came during the launch of Malabar National Hub (M-NH), its centralised base of India operations, at Andheri East in Mumbai. Spread over 50,000 sq. ft., M-NH brings under one…
Noida International Airport at Jewar has revised its projected passenger traffic due to the recovery in air travel. Initially anticipating 4.1 million passengers in its first year, the airport now expects 6.5 million visitors, according to an ET report. Owned by Zurich Airport and constructed by Tata Projects, the Noida International Airport is set to…
GUWAHATI: The Manipur government extend Wednesday the Armed Forces (Special Powers) Act (Afspa) in the state for another six months, beginning from October 1, reports Prabin Kalita.However, it will not be enforced in areas under the jurisdiction of 19 police stations, maintaining the same status as the previous term that lasted from April to September.The…
Aditya Birla Fashion Retail Ltd (ABFRL) has completed the acquisition of a 51 per cent stake in TCNS Clothing to become a promoter of the women’s apparel brand. “The company has acquired 51 per cent of the expanded share capital of TCNS, thereby acquiring control over TCNS,” ABFRL said in a late night regulatory filing…
