by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | Business & Policy
Manufacturer of technical textiles Garware Technical Fibres announced on Tuesday that its consolidated profit after tax (PAT) increased by 11% to Rs 59.6 crore for the three months ended March 31. According to a regulatory filing by Garware Technical Fibres, the...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Import/Export
The country’s exports are being impacted by external headwinds. For the third consecutive month, exports of goods have decreased; the official statistics for April shows a decrease of 12.7%. The decline reflects worldwide recessionary patterns and general...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Business & Policy
Leading textile producer Arvind Ltd. said on Thursday that tax advantages enabled its consolidated net profit climb by 12.7% to Rs 97.30 crore for the fourth quarter ended March 2023.According to Arvind’s regulatory filing, the business reported a net profit of...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | E-commerce
INSIGHTS China’s social logistics reached 347.6 trillion yuan in 2022, up 3.4% YoY, while the income for the logistics sector reached 12.7 trillion yuan, up 4.7% YoY. Data revealed that China’s e-commerce logistics market was expanding rapidly, with the...
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | Finance & Economy
INSIGHTS A huge increase from the $2.35 billion surplus in Q1 2022, Vietnam’s trade surplus for the first quarter of 2023 was $6.35 billion. Twenty exports brought in more than $1 billion in commercial income in April, contributing $1.51 billion. Despite the...
by DIGITAL MEDIA EXECUTIVE | Apr 25, 2023 | Textile Technology
Mitsubishi Electric India CNC has announced partnership with SolidCAM, a global leader in innovative CAM software for CNC machining and distribution of related digital manufacturing solutions. The partnership agreement was signed between the two entities on 21st April...
by DIGITAL MEDIA EXECUTIVE | Apr 21, 2023 | Business & Policy
According to credit rating agency CRISIL, the Indian business sector’s revenue growth is anticipated to decline to 10–12% in the fourth quarter (Q4) of the fiscal 2022–23 (FY23) from 22.8–12% for the January–March period in 2022. According to CRISIL, which...
by DIGITAL MEDIA EXECUTIVE | Apr 21, 2023 | Textile Technology
In order to meet the needs of European customers for compressed air solutions with a low life cycle cost, ELGi, one of the top manufacturers of air compressors in the world, showcased at Hannover Messe its portfolio of oil-free, oil-lubricated compressors, and...
by DIGITAL MEDIA EXECUTIVE | Apr 18, 2023 | Technical Textiles & Non-Wovens
According to a market research report, the “Nonwoven Filtration Market by Filter type (Synthetic, Natural), Layer (Single layer, Multi-layer), Technology (Spunbond, Meltblown, Wetlaid, Airlaid, Thermobond, Needlepunch, spunlace), End-use Industry and Region...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Business & Policy
According to a market research report, the “Panel Filters Market by Material (Fiberglass, Synthetic), Type (Disposable, Reusable), Application (Residential, Non-Residential), Region (North America, Europe, Asia Pacific, Middle East & Africa and South...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Country Report
People with knowledge of the situation said that India and Russia are increasingly choosing to route goods operations through third countries like the United Arab Emirates (UAE), thereby facilitating transactions in currencies other than rupees, roubles, and dollars....
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Corporate Update
Craig Rogerson and R. Tony Tripeny have been appointed to the board of directors of Origin Materials (“Origin”), a carbon-negative materials firm with the goal of facilitating the global transition to sustainable materials. As on May 1, Mr. Tripeny will...