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Strike At Aditya Birla Nuvo Textile Division In WB

Workers at Aditya Birla Nuvo group firm Jaya Shree Textiles in Hooghly district of West Bengal have gone on strike from May 16, company in BSE filing said. It, however, termed the strike illegal and did not disclose the reason behind such development. Jaya Shree Textiles is engaged in manufacturing of linen yarn, linen fabrics, […]

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May 18, 2017
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Net Profit Of Arvind Ltd Falls Due To Higher Expenses

Textiles major Arvind Ltd reported a marginal decline of 0.92 per cent in consolidated net profit to Rs 96.92 crore for the fourth quarter ended March, on account of higher expenses. The company had posted a net profit of Rs 97.82 crore for the same period of previous fiscal. Its total income during the period […]

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May 12, 2017
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211 Views

Apparel and Textile News Trade Info News

Shareholders Approve Grasim-ABNL Merger

Minority shareholders of Grasim Industries and Aditya Birla Nuvo Ltd (ABNL) have approved the mega merger of the two companies to create a nearly Rs. 60,000 crore diversified entity. “The shareholders of both the companies at their meetings recently have approved the scheme of amalgamation of ABNL with Grasim,” Kumar Mangalam Birla-led ABNL said in […]

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April 12, 2017
2 Comments
174 Views

Apparel and Textile News Retail News

Future Lifestyle Fashion Q3 net profit falls to Rs 15.94 crore

Future Lifestyle Fashion Ltd (FLFL) part of Future Group, today reported a 18.94 per cent fall in net profit at Rs 15.94 crore for the third quarter ended December, due to higher expenses. Its total income from operations during October-December period was up 21.24 per cent to Rs 1,064.01 crore as against Rs 877.55 crore […]

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February 13, 2017
5 Comments
129 Views

Apparel and Textile News Trade Info News

Soma Textiles Closes Its Spinning Unit

Ahmedabad based Soma Textiles & Industries has closed down its spinning unit because of high operative cost and other factors. “In the present scenario of textile industry, it is not viable to continue spinning and winding unit/department at the company’s textile unit at Ahmedabad because of its high operative cost and other adverse factors,” Soma […]

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May 20, 2016
35 Comments
243 Views

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T T LTD. Rings Silver Bell In BSE

T T Ltd., a leading textile player, celebrated the completion of 25 years of public listing by ringing the Silver Bell in Bombay Stock Exchange. The glittering function hosted by chairman-founder R. C. Jain was presided over by Padma Bhushan awardee D. R. Mehta, former-SEBI chairman in the International Convention Centre of BSE in Mumbai. […]

appareltalk
February 29, 2016
10 Comments
175 Views

Apparel and Textile News

New CEO At Mafatlal Industries

Century old textile manufacturer Mafatlal Industries has appointed Aniruddha Deshmukh as company’s new chief executive (CEO) and managing director. Mumbai-based Mafatlal Industries announced the appointment at the company’s board meeting yesterday. Before joining at Mafatlal, Deshmukh was president of textiles division at Raymond Limited. A company that manufactures denims, sarees had posted annual net profit […]

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August 13, 2015
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167 Views

Apparel and Textile News Apparel Brands and Companies

Indian Terrain Fashions To Raise Rs. 75 Crore

Chennai based apparel retailer, Indian Terrain Fashions Ltd. proposes to raise Rs. 75 crore through issue of securities or qualified institutions placements (QIP’s). In a filing with BSE, the retailer said it will raise the amount either through issuance of securities including equity shares or other securities convertible into equity shares, including through a public […]

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January 1, 2015
0 Comments
136 Views

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