Adidas reports profit in Q1
The company’s gross margin increased 2.1 pp to 51.8 percent. The company’s operating profit grew to a level of 704 million euros and with an...
Category : Trade
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
GOVT HIGHLIGHTS MEASURES FOR REVIVAL OF TEXTILES INDUSTRY
In order to make the textile sector competitive by rebating all taxes/levies in international market, the Government has decided to continue the RoSCTL (Rebate of...
Pak Appeals for Lifting Ban on Imports From India
Pakistan’s textile ministry headed by Prime Minister Imran Khan has recommended the lifting of a ban on the import of cotton from India to bridge...
FTA WITH UK ON CONCLUSION STAGE
The Textile Ministry is putting efforts for an early limited Free Trade Deal between India and the UK which will include tariff reduction for textile...
PICANOL GROUP: 2020 RESULTS IN LINE WITH EXPECTATIONS
Within the Machines & Technologies segment, in September 2020, Picanol launched the new TerryPlus-i, which is the most efficient and versatile airjet weaving machine for...
Textiles Ministry & Agriculture Ministry sign MoU to amplify sericulture activities in the country
Ministry of Textiles and Ministry of Agriculture signed an MoU to amplify sericulture activities in the country in the presence of Textiles Minister Smriti Irani...
DEMAND FOR SEWING MACHINES TO RISE GLOBALLY
The global market for Sewing Machines is projected to exceed 29 million units by 2024, driven by the growing demand for advanced and feature rich...
Adidas & Reebok Part Ways
Adidas has decided to begin the formal divestiture process for Reebok as part of its new five-year strategy, details of which will be unveiled on...
SGCCI Opposes decision to merge GST
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has opposed the central government’s decision to merge the goods and service tax (GST) from the...