TEXTILE EXCHANGE
![Raymond approves demerger of real estate business, to list on exchanges separately](https://img.etimg.com/thumb/msid-111491833,width-100,height-75,resizemode-4/markets/stocks/news/raymond-approves-demerger-of-real-estate-business-to-list-on-exchanges-separately.jpg)
Raymond approves demerger of real estate business, to list on exchanges separately
Raymond Ltd has approved the demerger of its real estate business into Raymond Realty Ltd following the recent composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure.
![Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push](https://img.etimg.com/thumb/msid-111468078,width-100,height-75,resizemode-4/industry/indl-goods/svs/cement/kumar-birla-re-enters-race-to-buy-orient-cement-to-consolidate-ultratechs-southern-push.jpg)
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push
Talks between CK Birla and Adani said to be at standstill over valuation, mining clearances. Orient stock up 45% in last 1 month.
![Holding company stocks rally up to 20%. Here’s why](https://img.etimg.com/thumb/msid-111237576,width-100,height-75,resizemode-4/markets/stocks/news/holding-company-stocks-rally-up-to-20-heres-why.jpg)
Holding company stocks rally up to 20%. Here’s why
Shares of holding companies like Bombay Burmah, Tata Investments, JSW Holdings and TVS Holdings rallied up to 20% on BSE on Monday as the Securities and Exchange Board of India (Sebi) introduced special call auctions with no price bands for price discovery of investment holding companies.
![Special call auctions to aid holding companies price discovery, narrow discounts](https://img.etimg.com/thumb/msid-111181681,width-100,height-75,resizemode-4/markets/stocks/news/special-call-auctions-to-aid-holdco-price-discovery-narrow-discounts.jpg)
Special call auctions to aid holding companies price discovery, narrow discounts
Sebi introduces special call auctions for price discovery of holding companies, narrowing the market-book value gap. Stocks like Kalyani Investment trade at 60-85% discount to book value.
![Gokaldas to invest Rs 300 Cr in Maharashtra fabric unit ahead of possible buyout](https://img.etimg.com/thumb/msid-111143422,width-100,height-75,resizemode-4/industry/cons-products/garments-/-textiles/gokaldas-to-invest-rs-300-cr-in-maharashtra-fabric-unit-ahead-of-possible-buyout.jpg)
Gokaldas to invest Rs 300 Cr in Maharashtra fabric unit ahead of possible buyout
Gokaldas Exports Ltd (GEX), based in Bengaluru, has announced a strategic partnership with BRFL Textiles, a fabric processing company located in Tarapur, Maharashtra. This collaboration involves GEX making an initial investment of Rs 50 crore in BRFL through Optionally Convertible Debentures (OCDs), with a potential total investment of up to Rs 300 crore in phases. The agreement may lead to a merger between the two entities within a year.
![India set for first current account surplus in 10 quarters by Q4FY24: Ind-Ra](https://img.etimg.com/thumb/msid-110732121,width-100,height-75,resizemode-4/news/economy/finance/india-set-for-first-current-account-surplus-in-10-quarters-by-4qfy24-ind-ra.jpg)
India set for first current account surplus in 10 quarters by Q4FY24: Ind-Ra
India's current account balance (CAB) is projected to reach a surplus of approximately USD 6 billion in Q4 2024, marking the first surplus since Q1 2022. However, the overall CAB for FY24 is expected to remain in deficit at 0.6% of GDP, the lowest since FY17. The global economic environment is showing signs of improvement for 2024, with easing inflationary pressures and robust economic growth in the US and emerging markets.
- Go To Page 1
How a plan to fix fashion’s waste crisis unraveled in just 12 months
Renewcell’s demise has sent shockwaves through the nascent new-materials sector, leaving many wondering what will become of investors’ appetite for textile innovation.
Uzbekistan offers attractive conditions to Indian investors in IT, textiles, electronics, pharmaceuticals & minerals: Envoy
India-Uzbekistan strategic partnership thrives on mutual respect and shared values. The countries collaborate across various sectors like trade, investment, tourism, energy, and culture, contributing to stability and development in Central and South Asia.
These 5 stocks held by at least 10 smallcap MFs rose over 100% in FY24
As of February '24, Birlasoft is held by 17 smallcap mutual fund schemes, with a total market value of Rs 1931 crore. In FY24 to date, the stock has surged 176% to Rs 721 from its value of Rs 261 The top 5 smallcap schemes by market value that held the stock include
NSE grants in-principle approval to Globe Textiles' rights issue; funds to fuel growth
The National Stock Exchange (NSE) has granted in-principle approval to garment manufacturer Globe Textiles (India) Ltd for raising over Rs 45 crore through rights issue of shares to fund growth initiatives, the company said on Thursday.
Why fashion's 'recycling' is not saving the planet
H&M aims to have all polyester in its collections made from recycled materials. However, most recycled polyester comes from plastic bottles, not old clothes. Recycling textiles is complex and costly, especially for clothes made from multiple fibres. Fashion brands often use recycled plastic, angering the food industry.
Why fashion's 'recycling' is not saving the planet
In Europe, most textile waste is either dumped or burned. Only 22 percent is recycled or reused -- and most of that is turned into insulation, mattress stuffing or cleaning cloths.
Multibagger screener! This textile stock turns Rs 10,000 to nearly Rs 2 lakh in just 10 years
If an investor had invested Rs 10,000 in Trident's stock 10 years ago and stayed put, the investment would have turned to nearly Rs 2 lakh, according to an analysis by ET Markets.
How the Adani Group reduced leverage to emerge stronger in the 12 months following the Hindenburg allegations
Investors appear confident rather than worried. Four of the ten listed stocks have fully recovered from their lowest since Hindenburg triggered the crash. Adani Power has more than doubled, while Adani Ports has gained 52%. ACC and Ambuja Cement have also recovered to the pre-Hindenburg level. However, Adani Wilmar, Adani Energy Solutions and Adani Total Gas still trade 33-73% lower.
Century Textiles shares shoot up 20% in 2 sessions. Here’s why
Shares of Century Textiles and Industries have surged over 20% in two sessions after the Aditya Birla Group company informed exchanges about a clutch of investors visiting its flagship real estate project 'Birla Niyaara' on Thursday.
Eagle Group gets nod to take over Sumeet Industries
Eagle pipped rivals that included Silvassa-based Geelon Industries and Gujarat-based Gajera Group by offering to bear the ₹25 crore corporate insolvency resolution process (CIRP) costs over and above its offer, people familiar with the details of the plan said.
ETSA 2023 | OfBusiness seeks ‘high’ of having its ticker on exchanges
Winner of the prestigious Startup of the Year award at the Economic Times Startup Awards 2023, business-to-business (B2B) ecommerce platform OfBusiness was chosen by a preeminent jury for achieving the scale of revenues and profits it has – particularly at a time when the ecosystem’s focus is shifting towards sustainable business growth.
Stocks in news: Tata Steel, Delta Corp, Strides Pharma, Century Textiles, Welspun Corp
Ashish Kacholia has sold stake in Delta Corp Ltd through bulk deals on Monday. The ace investor has offloaded about 15 lakh shares 0.56% in the company at Rs 144.65 apiece, according to exchange data.
Essential to have a holistic approach to grab the space vacated by China in textile sector: SIMA
Industry officials in Coimbatore have emphasized the need for a holistic approach and long-term vision in the textile and clothing sectors to capitalize on global market opportunities. The industries are major contributors to employment and revenue, but have faced challenges such as raw material issues and high production costs. The Southern India Mills' Association aims to address these challenges and enhance global competitiveness.
ETMarkets Smart Talk- Investors should focus on underperforming sectors such as textiles, metals, chemicals, paper: Harjeet Singh Arora
Investors can reduce positions/exit from the weak stocks but should stay invested in quality stocks for the long term and use corrections to add more.
Pakistan's economic woes leave textile industry in tatters
The Pakistan textile industry has taken a hit due to a global consumption slowdown and rising energy costs caused by the war in Ukraine. It was further hit by the critical state of the economy and political chaos. The sector accounts for 60% of Pakistan's exports, and many factories have recently closed temporarily or are no longer running at full capacity.
Franklin India Smaller Companies mutual fund has improved its risk-return profile; should you invest?
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Hindalco Industries board approves proposal to sell land for Rs 595 crore
Hindalco further said it will receive Rs 595 crore in multiple tranches over a period of time. Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, is the buyer and not a part of the promoter/promoter group/group companies, as defined under the Securities and Exchange Board of India (Sebi), it said.
India's cotton exports crash to 19-year low, production and yield plummets
India’s cotton production is at a historic low. Not just cotton yield, but the country’s cotton exports are also facing unprecedented pressure amidst a highly volatile global market.
Traders wary of accepting Rs 2,000 notes, seek clarity
Gold jewellers are insisting that customers buying jewellery for more that ₹50,000 furnish know-your-customer (KYC) documentation, as they don't want to invite the kind of income tax scrutiny that happened after the 2016 demonetisation. In Kolkata, many shopkeepers are refusing to accept ₹2,000 notes from consumers for fear that they will get stuck with the money. Many traders from Bihar and Odisha are also not keen to accept the note.
Big Movers on D-St: What should investors do with Century Textiles, Nykaa and Indian Energy Exchange?
The stock is currently placed a tad above its prior point of polarity, which was placed at around Rs 650. The key technical indicators reversed from the dip oversold zone on the short-term timeframe chart and are on the verge of a bullish crossover.
Corporate Radar: Maruti Suzuki, Soma Textiles AGMs; SpiceJet Q1 results and more
Wednesday is the record date for dividend by Data Patterns (India) (Rs 3.5 per share), Ion Exchange (Rs 10 per share), RSWM (Rs 25 per share, Gujarat Themis Biosyn (Rs 4 per share), SNL Bearings (Rs 6.5 per share) and IL&FS Investment Managers (Re 0.4 per share) among others. The stocks went ex-dividend on Monday
Fraudulent GDR scheme case: Sebi slaps Rs 1.25 cr fine on 5 entities
In its probe, Sebi found that the scheme of issuance of GDRs was fraudulent as Nakoda had entered into a pledge agreement with European American Investment Bank or EURAM Bank for a loan that had been availed by Vintage towards the subscription of GDRs issued by the company.
Load More