Excise duty: Govt mulls relief to garment industry

Under pressure from the garment industry over levy of excise duty on branded garments, the government is reviewing the Budget proposal.While a complete rollback is ruled out, it is considering......

Where Aditya Birla Nuvo plans to deploy extra cash

Aditya Birla Nuvo, the mini-conglomerate of Kumar Mangalam Birla, plans to deploy the surplus cash generated by its older-businesses such as carbon black, fertilisers, insulators, rayon and......

Need to make the textile sector fashionable

As the Indian economy begins to come out of the slowdown in growth, and the major industrial sectors show signs of revival, one sector that has remained bed-ridden for years now is the Indian......

Apparel firms go for outsourcing

Mumbai-based fashion apparel manufacturer Spykar Lifestyle recently received $5 million (Rs 20 crore) investment from private equity firm Avigo Capital Partners. However, unlike most companies......