Issue dated - 26th February. 2004

Home > Corporate Update

Textile stocks make recovery despite low volumes
After remaining rangebound throughout the week (ended Thursday 19) at 5800-6100 levels, the Sensex lost momentum on Thursday.

Raymond new exclusive retail channel for menswear soon
Raymond Apparel, a part of the Rs 1,400-crore Raymond group, has firmed UP big plans to develop a new exclusive retail channel for each of its menswear brands Park Avenue, Manzoni and Parx.

Grasim temporarily stops work at VSF and pulp plants
Grasim Industries has temporarily stopped work at its pulp and viscose staple fibre (VSF) plants in Karnataka due to shortage in water supply.

Eastern Silk sets up Rs 60-crore facility in Anekal
Kolkata-based Eastern Silk Industries has set up a Rs 60-crore silk fabric manufacturing facility at Anekal near Bangalore. The new facility is expected to boost the export growth of the company.

 


Edit
DEPB issue
The recent reduction in DEPB rate is going to further squeeze the margins of exporters who are already hard pressed to compete the global trade challenge.


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