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Big rebate in taxes! Good news for these traders from Modi government
Sun, Apr 19, 2020
In a good news for Garment exporters, the Ministry of Textiles has issued a notification extending the Scheme of Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) which was in force up to March 31, 2020.
Arvind launches garmenting facility in Jharkhand
Sun, Dec 23, 2018
Arvind Ltd Executive Director Kulin Lalbhai said the company is aiming to convert 50 per cent of its fabric into garments over the next five years from the current capacity of 10 per cent .
Ikea to invest Rs 3,000cr in Maha for stores, experience zones
Thu, Feb 22, 2018
Ikea will be investing close to Rs 3,000 crore over the long-term in the state to set up multi-format stores
Top five sectors with most exposure to banks NPAs; What can be done?
Tue, Jun 13, 2017
Sectors like steel, textile, power, telecom and infrastructure accounts for most of banks stressed assets. About 60% of banking systems stress belongs to these sector.
GST Council may revise rates on these goods today
Sat, Jun 10, 2017
Excess lobbying of industry bodies over the GST rates declared in the previous Council meet may push the government to review the tax rates on certain products. Here are a few of the articles the government is expected to review tomorrow at the 16th GST Council meet.
5% GST on textiles will generate Rs 11,000 crore revenues, industry experts say
Sun, Jun 04, 2017
With cotton textiles attracting a 5% GST rate and man-made yard at 18%, the textile industry have expressed content over the rates prior to GST rollout. Industry experts have said that this would lead to a revenue generation of Rs 11,000 crore.
Apparel, biscuits, footwear cheaper; gold costlier under GST
Sun, Jun 04, 2017
Apparel up to Rs 1,000, biscuits and footwear will get cheaper, while gold will get slightly costlier from next month as the Centre and states, excepting West Bengal, resolve to roll out GST from July 1.
Gold at 3%, biscuits at 18%; GST Council decides rates for most remaining items
Sat, Jun 03, 2017
The Goods and Services Tax (GST) Council has finalised the fitment of tax rates for most of the six remaining items on Saturday, Jammu and Kashmir Finance Minister Haseeb Drabu said.
GST Council clears rules, states agree to July 1 rollout
Sat, Jun 03, 2017
The GST Council today cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the Goods and Services Tax.
Growth in gold, crude oil imports sees three-fold rise in India's trade deficit
Mon, May 15, 2017
While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.
Welspun India to invest Rs 4000 crore in three textile projects in Gujarat, shares gain
Wed, Jan 11, 2017
BK Goenka, Chairman of Welspun Group said, “Our continuous investment in the state is a testament to our long term commitment to Gujarat. It is our aim to make Gujarat the textile hub of the world. Welspun continues to invest into development of well-researched products and technology of the future and the current investment is in line with this philosophy.”
Note Ban Impact: Corporate earnings to dip to 4% in third quarter
Tue, Jan 10, 2017
After recording an average revenue growth of 6.3% for three consecutive quarters, corporate earnings for key sectors will likely dip to 4% for the October-December period of 2016-17, owing to the Government's demonetisation drive, said a Crisil report.
Welspun secures patent for new line of augmented reality home decor
Fri, Sep 23, 2016
Welspun India today said in release, "It has secured the 'Interactive Textile Article and Augmented Reality System' patent which protects the company's new product line TILT."
Welspun faces new probe from Bed Bath, shares pressured
Thu, Aug 25, 2016
U.S. retailer Bed Bath & Beyond said it ordered an external audit of textiles from Welspun India, putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week.
Textiles package will help create jobs: Sitharaman
Thu, Jun 23, 2016
The government`s latest package of incentives for the textiles industry will give an "extra push" to the sector, help create more jobs and boost exports, union Commerce Minister Nirmala Sitharaman said on Thursday.