Kerala-based Kitex Garments, the world's second-largest children's garments producer, has landed in trouble after sporadic violence at its workers' camp led to an attack on the local police, injuring at least five officers. The local police told Business Standard that at least 156 migrant workers were detained after the incident and around 50 have been arrested so far. A decision on any possible action against the company will be taken after the investigation.
'If you don't fulfil whatever they ask, you are in trouble.'
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
As many as 163 workers of Kitex garments have been arrested for the Christmas day violence at Kizhakkambalam area of Ernakulam district, a move which the company's managing director claimed was targeted to harm him, his business and his political outfit.
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
The wild tusker recently strayed into Tamil Nadu from Kerala and allegedly attacked a man in Theni who later died.
Ahead of talks with the Telangana government over his investment plans, chairman of the Kitex group Sabu Jacob, who has backed out from a Rs 3,500 crore project in Kerala, on Friday said he was not leaving his home state on his own, but was being "hounded out".
Dismissing as baseless Kitex group chairman Sabu Jacob's allegation that the atmosphere in Kerala is not industry-friendly, state Industries Minister P Rajeev on Wednesday said his government stands for "responsible investment" and the southern state would be made a destination of such investments in few years. In an exclusive interview to PTI, Rajeev said the focus of the government is to attract green industries and IT-based industries in Kerala as land scarcity and environmental issues associated with it have been a problem in the state. "We are always taking a stand in favour of investment, in favour of industries. But our need is that--investment should be responsible. We stand for responsible investment," said Rajeev, who represents Kalamassery-an industrial hub in Kerala--in the state Assembly. Elaborating on responsible investment, the minister said it is a strategy and practice to incorporate environmental, social and governance (ESG) factors in investment decisions.
The Kerala high court on Friday set aside its earlier order that directed the Union government to allow eligible people take the second Covishield dose after a four week gap, instead of the present mandatory 84 days.
The Kerala high court on Tuesday asked the Centre whether the 84-day gap between two doses of Covishield was based on availability of the vaccine or its efficacy.
The Kerala high court has directed the Centre to allow scheduling, on CoWIN portal, of second Covishield dose after four weeks from the first for those who want to take it earlier than the present suggested gap of 84 days.
The list covers companies with annual revenue of $5 mn to $1 bn.
From social engineering to bearing the cost of COVID-19 treatment to financial reconstruction of Tamil Nadu's debt the debutant chief minister is emerging as a leader with a difference, says Shjne Jacob
Business Standard checks out trade hubs across the country to assess the impact of demonetisation. The first of a six-part series takes a look at Tirupur.
Maharashtra is the BRS' first target.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
'If one crore is sanctioned to make a road, they spend only Rs 40 lakhs and the remaining 60 lakhs is looted by the politician, bureaucrats and the contractor.'
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
'Both of us are not politicians. We were forced to enter politics to counter corruption that is looting the country.'
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Tata Motors, ONGC, HDFC and TCS were the top gainers.
'India is so poor that political parties will not be able to wipe out poverty from our country in another 100 years. I am of the opinion that development can come only through corporates.' 'Tomorrow, if Tata or Birla or Reliance takes up another 500 panchayats, it will boost the Indian economy also.' Sabu M Jacob, managing director of the Kitex group whose NGO Twenty20 has just won a panchayat election in Kerala, speaks to Shobha Warrier/Rediff.com
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
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