NEW DELHI: Prime Minister Narendra Modi on Monday once again reacted to the Katchatheevu island issue and slammed DMK saying the new details emerging on the matter have “unmasked” the party’s double standards. Taking to X, PM Modi cited a TOI report, which claimed that then chief minister M Karunanidhi had given his concurrence to…
Representative image Chennai: Listed garment maker S.P. Apparels Ltd on Monday said it will acquire 51.33 per cent stake in the Rs 325.91 crore revenue Young Brand Apparels Private Ltd for Rs 95 crore. In a regulatory filing, S.P.Apparels said it has entered into an MoU to acquire Young Brand Apparels, a subsidiary of Bannari…
Handloom is a more than 2,000-year-old craft. But today the segment mostly thrives on government support in Tamil Nadu, especially the free sari-dhoti scheme as well as initiatives from state-owned Co-optex. The advent of mechanization and powerlooms had taken the focus away from handlooms towards mass production, which handlooms could not match. Globally too, the…
Spinning mills from Tamil Nadu, Andhra Pradesh and Telangana that account around 55% of the spinning capacity in the country have appealed to the central and state government for relief measures to overcome the financial impact of global recession and sluggish demand in the domestic markets. “The 11% import duty levied on cotton and the…
Representative image. Over century-old noted jewellery retailer Vummidi Bangaru Jewellers has forayed into the United States market with the launch of a new store in Dallas, the company said on Wednesday. Over the next three years, the company has planned to strengthen its presence with three more stores in the US and eight in Tamil…
NEW DELHI: Ethnic apparel retailer Sai Silks (Kalamandir) Ltd on Wednesday said its initial share sale will open for public subscription on September 20. The bidding for the anchor investors will open on September 18. The IPO of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares aggregating up to Rs 600 crore…
