Welspun India probe
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.
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Welspun India to appoint external auditor to look into alleged supply lapses
Thu, Aug 25, 2016
Welspun India is appointing an external auditor 'one of the Big Four' to look into alleged lapses in its products supplied to clients and expecting the process to get completed in about six to eight weeks, as US-based Target Corp terminated contract with the textiles maker.
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