Li & Fung Raises US$300M Amid Volatile Market, Signals Financial Strength
Li & Fung has successfully issued a US$300 million bond at an 8.375% coupon, maturing in February 2029, to refinance debt due in 2025. Despite...
Tag : economy
RSWM Ltd Swings to ₹1.6 Cr Profit in Q4 FY25; Revenue Rises 7.2% YoY to ₹1,256 Cr, EBITDA Jumps 44.8%
RSWM Ltd. (BSE: 500350/NSE: RSWM) one of the largest manufacturers of value-added synthetic, mélange, blended spun yarns, denim fabric, knitted fabric, and green polyester fibers...
Consumer Spending Via Online Channels up by 3.7%
UK shoppers spent £24.4bn online over the Christmas period, up 3.7% year-on-year, as deep discounting and BNPL drove sales. Online prices were discounted in the...
UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...
Woollen Sector registered 32% growth in exports
Chairman Romesh Khajuria Carves Path for Consistent Growth Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal...
India UK FTA to Get Faster as Sunak Takes up Charge
A new hope for faster signing of INDIA EU FTA is foreseen after Indian-origin Rishi Sunak was appointed British prime minister. Sunak had earlier told...
Tariffs Denting American Economy & Causing Inflation :NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
WILL THE NEW PACKAGE BY FM SAVE APPAREL INDUSTRY?
Finance Minister Smt Nirmala Sitharaman announced a Rs 6.29 lakh crore stimulus package for economic relief and growth. In the package the Minister has announced...
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...