Indian textile industry can grow to $300 bn by 2030: CII vice-chairman

Thiagarajan was delivering the keynote address at the second edition of Weaves 2019 textile fair, a four-day exhibition and conference. According to a press release, the event is being organised by Texvalley in association with the Confederation of Indian Industry. Continue Reading

ZEE share stumbles after former directors flag issues

Shares of Zee Entertainment Enterprises lost over 3 per cent in early trade after the company said two of its former directors had raised concerns over several issues. In early session, shares of the company fell 3.11 per cent to a low of Rs 309.55. Continue Reading

Tata Communications signs IP connectivity and cyber security deal

Digital infrastructure provider Tata Communications said it has entered into an agreement with Kacific Broadband Satellites Group (Kacific) for providing global internet and cyber security services. Continue Reading

Videocon Industries loses Rs 6,760 crore

Videocon is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code and since September its affairs, business and assets are being managed by resolution professional Abhijit Guhathakurta. Continue Reading

‘Karvy Stock indulged in activities which were never allowed’ : Sebi chief

The comments from the regulator’s chairman Ajay Tyagi come days after Securities and Exchange Board of India (Sebi) banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities. Continue Reading

India’s crude steel output rusts by 3.4%

The country had produced 9.408 MT crude steel during the same month a year-ago, the global industry body said in its latest report. Global steel output stood at 151.494 MT in October 2019, 2.8 per cent down compared to 155.833 MT October 2018, it said. Continue Reading

Govt seeks mandatory quality test for honey exports

The government has asked the Export Inspection Council (EIC) that comes under the Commerce Ministry to make NMR-testing mandatory for honey exported from India to ensure quality as part of its efforts to boost outward shipments. Continue Reading

City Union Bank celebrates 116th Foundation Day

Tamilnadu-based City Union Bank celebrated its 116th Foundation Day here. The event saw the participation of Finance Minister, Nirmala Sitharaman and MD and CEO of City Union Bank (CUB), N Kamakodi. Continue Reading

SGMA to organise garments fair in Mumbai

Solapur Garment Manufacturers Association (SGMA) announced that the fourth edition of India’s Uniform, Garment and Fabric Manufacturers Fair 2019 will be held from 17 to 19 December at Goregaon Exhibition Centre on the Western Express Highway, Mumbai. Continue Reading