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Arvind Ltd Q3 net down 30% to Rs 25 cr, textile business rebounds

Textile and branded apparel player Arvind Ltd has posted a 30 per cent dip in consolidated net profit, to Rs 24.91 crore for the third quarter ended December 31, 2020, from Rs 35.77 crore in the said quarter last year. The companys consolidated revenue from operations dipped nearly 19 per cent year-on-year in the quarter to Rs 1,514 crore, from Rs 1,869 crore in the corresponding period last year. Sequentially, however, the companys consolidated revenue from operations rose 16 per cent in Q3 ...
United Kingdom European Union Arvind Ltd ஒன்றுபட்டது கிஂக்டம் ஐரோப்பிய தொழிற்சங்கம் அரவிந்த் லிமிடெட்

Apparel Impact Institute Launches Italian Sustainability Program – Sourcing Journal

Goals of the program include uniting brands, manufacturers, philanthropy and nonprofits to collaborate on identifying the top environmental issues and creating an action plan for mitigation, expanding awareness and funding initiatives , and sharing best practices for environmental improvement. AII’s focus areas are energy, water and chemistry. “This partnership is important to the industry as it allows us to continue bringing AII’s proven and future methodologies to Italy’s luxury appar...
United Kingdom Pam Batty Stella Mccartney Lewis Perkins Arvind Ltd Sustainable Trade Initiative

Siddharth Kasturbhai Lalbhai's Atul entering 70th year of operations

Siddharth Kasturbhai Lalbhais Atul entering 70th year of operations ANI | Updated: Feb 02, 2021 15:23 IST Gujarat, [India], February 2 (ANI/NewsVoir): Established by Kasturbhai Lalbhai on September 05, 1947 and its first manufacturing plants inaugurated by the first Prime Minister of independent India, Jawaharlal Nehru on March 17, 1952, Atul Ltd. (Atul) is serving its customers across the world for the last seven decades. Siddharth Lalbhai, who nurtured th...
United States Jammu And Kashmir Shantidas Jhaveri Urmi Stree Sanstha Shree Nootan Kelavani Mandal Morarji Desai
Source: aninews.in

Winners and losers: Who got what in India's pandemic Budget

State-run banks The government announced it was forming an asset management company to take over stressed assets of banks in an effort to clean up one of the world’s worst pile of bad loans. Banks, insurers rose on plans for setting up a bad-debt manager. State Bank of India Ltd., Bank of Baroda, Canara Bank, Union Bank of India, Bank of India and Punjab National Bank could be among the beneficiaries. Textiles Sitharaman’s announcement of the establishment of seven mega textile parks to be...
India General New Delhi Nirmala Sitharaman Narendra Modi Infosys Ltd Max Healthcare Institute Ltd

Union Budget 2021: Who Gained & Who Lost?

Union Budget 2021: Who Gained & Who Lost? Published by GulteDesk February 01, 2021 The Union Budget 2021 announced today by Finance Minister Nirmala Sitharaman attracted huge criticism, especially from the Telugu states. The Finance minister sanctions for Tamil Nadu and other southern states but snubbing the Telugu states’ demands once again is fueling more angst. Apart from the center and finance ministries’ biased budget this year, there are fields that gained and there are losers with...
India General Tamil Nadu Nirmala Sitharaman Narayana Hrudayalaya Canara Bank Punjab National Bank
Source: gulte.com

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market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday

NEW DELHI: Nifty reversed its two-session bearish trend with a broader rally and formed a big bullish candle on the daily chart on Tuesday. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said, “If we manage to get past this level, we should be headed to 14,800-14,900. The index has made a strong base at the 14,200 levels, which acted as good support." "Going ahead, earnings and global cues would remain on the participants’ radar. Besides, we’re ...
India General Uttar Pradesh City Of United Kingdom Godrej Agrovet Janet Yellen

market outlook: Ahead of Market: 12 things that will decide stock action on Wednesday

Explore Now NEW DELHI: Nifty on Tuesday managed to stage a rebound forming a bullish harami pattern signalling that the 50-pack index is likely to be back on its upward journey after yesterdays pause. Aditya Agarwala, Senior Technical Analyst, YES Securities, said, “A sustained trade above 61.8% Fibonacci retracement level of the entire fall, i.e., 13,535 can trigger more short covering rallies taking the index back to levels of 13,580-13,650. However, failure to breakout of the 61.8% Fibona...
India General United Kingdom Uttar Pradesh Mishra Dhatu Nigam Himatsingka Seide Aditya Agarwala

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