by TEXTILE VALUE CHAIN | Dec 14, 2023 | Finance & Economy, News & Insights
The dream of owning a home holds a special place in the hearts of many, intertwining with emotional sentiments and aspirations. It’s a milestone that signifies stability, security, and a sense of belonging. However, as individuals step ahead to realise this...
by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | Fibres and Yarns
Office holders of several groups stated during a press conference in the city on Monday that owners have opted to operate their units at 50% capacity with immediate effect to highlight the problems faced by spinning mills. The Open End Spinning Mills Association...
by DIGITAL MEDIA EXECUTIVE | May 26, 2023 | Finance & Economy
The annual results and financial status of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) were disclosed by the board of directors. The Group reported revenue of about HK$165.8 million for the fiscal...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Market Reports, PRICE REPORT
“The secondary market for standard retail assets (PTC & DA) has seen a robust growth of 56% in FY23 with total market volume exceeding ₹1.76 lakh crore. This growth reflects both the resilient performance of retail asset pools and the preference of banks to grow...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Finance & Economy
According to the Tiruppur Exporters’ Association, the Center’s decision to lower interest rates on loans secured through the Credit Guarantee Fund Trust for Micro & Small Businesses (CGTMSE) will draw more entrepreneurs to the Tiruppur cluster (TEA)....
by DIGITAL MEDIA EXECUTIVE | Mar 17, 2023 | Corporate Update
Aerem delivers a Triple Bottomline impact – leading to significant positive social and environmental outcomes in addition to strong financial performance – The round also saw follow-on participation from Blume Ventures and includes debt financing of $1.5...
by DIGITAL MEDIA EXECUTIVE | Mar 15, 2023 | Finance & Economy
Synopsis Credit offtake rose by 15.5% year on year (y-o-y) for the fortnight ended February 24, 2023. In absolute terms, credit offtake expanded by Rs.15.6 lakh crore to Rs.134.5 lakh as of February 24, 2023 from March 2022. The growth has been driven by personal...
by DIGITAL MEDIA EXECUTIVE | Mar 3, 2023 | Finance & Economy
Synopsis • In January 2023, the rate of increase for deposit rates as well as lending rates on fresh loans continued in double digits. o The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 12 basis points (bps) from 8.88% in December...
by DIGITAL MEDIA EXECUTIVE | Feb 11, 2023 | Basics of Textiles, Global Textiles, Industry View
The National Company Law Tribunal (NCLT) had approved the debt resolution plan of Sintex Industries on Friday. This was further submitted jointly by the Reliance Industries and Assets Care and Reconstruction Enterprise (ACRE). In an order given verbally, the plea from...
by DIGITAL MEDIA EXECUTIVE | Feb 9, 2023 | Corporate / SME, Garment, Industry View, Textile Articles, Traditional Textiles - INDIA
The national policy on MSME will be releasing with an extensive consultation. The sector will be witnessing a high growth. This will happen due to the various government schemes which were launched over the years The emergency credit has helped the gurantee the scheme...
by Manali bhanushali | Feb 13, 2021 | Industry And Cluster, News & Insights
Northern India Textile Mills Association (NITMA) has demanded for quick notification on Anti-Dumping Duty (ADD) on Viscose Spun Yarn originating from Indonesia, Vietnam and China, as recommended by DGTR vide its notification on 30 December 2020. NITMA is a leading...
by G.Thulessiraman | Sep 12, 2020 | Finance & Economy, Industry And Cluster, News & Insights
Cashbean app, run by P C Financial services is a 100% subsidiary of Nasdaq-listed Opera Limited. Cashbean is a digital lending app which believes that due to the disruptions caused by coronavirus, there is a possible rise of 15% in Non-performing assets. On this note,...