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 Powerlooms
will witness emergence of corporate entities, specialisation
With around 30-40 per cent of the 16.5 lakh powerlooms inoperational
for over a year, is a shakeout in this sector imminent? According
to industry analysts, a shakeout and restructuring in the powerloom
sector has already begun, driven largely by the corporate entitites.
Finance
ministry asks SIDBI, PSU banks to expedite TUF scheme for SSIs
The Union finance ministry has asked all the public sector banks
co-opted by the Small Industries Development Bank of India (SIDBI)
to take all necessary measures to enhance the acceptance/reach of
the Technology Upgradation Fund Scheme (TUFS) in the SSI sector.
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Everyone
wants to buy the winner’s jersey but it was just impossible
to foresee who was going to win
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Ray Evans, a buyer for the European soccer catalog, Kitbag.com,
commenting on an unpredictable World Cup which led to jersey shortages.
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