Asda’s sales growth outpaces potential buyer
A sixth quarter of underlying sales growth was reported by the British supermarket chain Asda. The enterprise, owned by Walmart, has outpaced its potential buyers...
Month : November 2018
BIG News! Amazon to acquire 9.5% stake in India’s Future Retail
American online retail mammoth, Amazon is gearing up to buy 9.5 percent stake in Future Retail, a leading retailer that operates multiple retail formats in...
India’s consumer goods company Patanjali forays into fashion retail biz
After tapping most of the segments in the Indian consumer goods company, Baba Ramdev-led Patanjali Ayurved Limted has entered the enticing yet challenging fashion retail...
Textile industry free zone underway in Egypt
The world’s first ever free zone, specifically for the textile manufacturing industry, in the world is underway in Minya, Egypt. It is being reported that...
This Indian state will start exporting silk by 2023
Textile Minister of Maharashtra, Arjun Khotkar has made a big statement at the 10th edition of Annual Textile conference ‘FICCI-TAG 2018’. The Minister said that...
Bangladesh garment workers set to get USD 95 as minimum wage: Reports
As per media reports, Bangladesh’s Minimum Wage Board has finalised its proposal of setting BDT 8,000 or USD 95 as minimum monthly wage. It is...
MSME Package: Garment industry in India gets the due support
The Indian garment industry has welcomed the MSME Package that was recently announced by Prime Minister Narendra Modi. Rahul Mehta, President, The Clothing Manufacturers’ Association...
Textile company GHCL’s profit up by 47%
India-based textile company GHCL has released the financial results for the second quarter of the current financial year. During the quarter, net revenue of the...
Aditya Birla Fashion and Retail’s revenue jumps 11%
Aditya Birla Fashion and Retail Ltd. (ABFRL), based in India, has reported that its EBITDA increased by 62 percent during the second quarter of the...
Textile industry content over India’s jump in Ease of Doing Business
The Cotton Textiles Export Promotion Council (TEXPROCIL) has hailed India’s jump in the World Bank’s Ease of Doing Business rankings. Notably, India’s rank in the...