Month: October 2024

Cotton yarn trade in south India remains sluggish due to weak demand from the fabric and garment industries. Prices have fallen in both Tiruppur and Mumbai markets, with some varieties seeing drops of ₹2-5 per kg. Traders are...

India has extended the Interest Equalisation Scheme (IES) for export credit until December 31, 2024, with the same terms as before. The scheme, which caps fiscal benefits at ₹5 million per MSME for the current fiscal, provides...

Tushar Impex showcased its new five model single needle machine at GTE 2024, featuring advanced automation like auto trimming and lifting. Known for its silent operation, it reduces noise in factories, creating a safer...

The number of people employed in India’s manufacturing sector rose by 7.5 per cent in FY23 to 18.49 million from 17.21 million in FY22, the ministry of statistics and programme implementation said. FY23 saw growth in this sector...

Ontex has agreed to sell its Brazilian business to Softys for BRL 671 million (~$121.90 million). This aligns with Ontex’s strategy to focus on retail brands and healthcare in Europe and North America. The Brazilian operation,...