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Sebi fines 11 cos on investor complaint

Market regulator Sebi has slapped penalties totalling more than Rs 50 lakh (Rs 5 million) on 11 companies since the beginning of the current fiscal for allegedly failing to resolve investor......

Indorama SPL snaps up Nigerian firm for $225 mn

After a series of negotiations spread over almost a year, the SP Lohia-owned Indorama SPL has sealed the acquisition of Nigerian Eleme Petrochemicals for $225 million. SP Lohia is the brother of OP......

Indo Rama shelves retail plans

At a time when Indian corporates are falling over each other to grab a share of the Rs 20,000 crore (Rs 200 billion) organised retail opportunity, the Lohia family of Indo Rama has shelved its......

Indo Rama plans US venture with Pegasus

Polyester producer Indo Rama Synthetics (India) is setting up a joint venture in the US with Pegasus Global of Thailand. It expects to close the deal in early April.Named StarPet inc, the venture......
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Synthetic yarn industry hopes to bounce back in Q2 of FY16

Polyester yarn image via Shutterstock. The first two quarters of the current financial year have seen sluggish demand and inventory losses for... ...
Indo Rama hopes to book profits next quarter

Nagpur: Indo Rama Synthetics Limited (IRSL), known as India's largest polyester manufacturer, which has been in the red for last three years,... ...

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