by Manali bhanushali | Feb 3, 2021 | Industry And Cluster, News & Insights
Union Finance Minister Nirmala Sitharaman tabled the Union Budget 2020-21 in the Lok Sabha today. The minister insisted that the Budget will boost income and purchasing power. Given below are some of the important points of the Budget regarding textile and apparel...
by Rishika Keyal | Sep 22, 2020 | News & Insights
US retailer J.Crew is to permanently close all six of its UK stores as it exits the country. The brand has appointed advisory firm FRP as liquidators to its UK business, The Guardian reports. The company has a head office in London and has around 80 employees....
by G.Thulessiraman | Sep 17, 2020 | Industry And Cluster, News & Insights
In 2012, Anil Ambani had taken up 3 major loans from three Chinese banks which amounted up to $717 million. According to Anil Ambani, he did not give any personal guarantee to them. Anil Ambani claims that he had taken these loans as a corporate loan and not any kind...
by TEXTILE VALUE CHAIN | May 12, 2020 | Industry And Cluster, News & Insights
Canadian footwear retail chain Aldo has filed for protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada to stabilise the business. The court restructuring process began last week in Canada, explained Aldo, and it was seeking similar protections in...
by TEXTILE VALUE CHAIN | Jun 7, 2019 | Industry And Cluster, News & Insights
The Reserve Bank of India is unlikely to announce special sectoral exceptions in its new circular on stressed assets, contrary to demands of power, sugar, shipping and textile industries. The banking regulator may also seek resolution plans for stressed assets to be...
