Brand Factory launches new store in Mumbai suburbs

Brand Factory, India’s leading value and lifestyle shopping destination from Future Group, has launched a new store in Vikhroli, a suburb in Mumbai. Brand Factory is a one stop destination to shop for affordable national and international brands. It caters to the youth who can choose from over 200 Best Brands at a discount on […]

‘Export incentives to boost apparel exports’-AEPC

Dr. A Sakthivel Chairman AEPC hailed government for all exports incentives announced by Anand Sharma, the Union Minister of Textiles and Commerce. Speaking on the announcement Dr. Sakthivel Said, “2 per cent Interest Subvention Scheme decision to extend for specific sectors up to 31st March 2014 is a timely move and will help in boosting […]

Gap has industry talking while Michael Kors falls

Gap, Inc. (GPS) has announced an ex-dividend date of December 28, 2012 and a cash dividend payment of 0.125 dollars per share scheduled for January 30, 2013. Shareholders who purchased GPS stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the fourth quarter that GPS has paid the same […]

NTC launches ‘Young Designer Hunt’

With the idea of giving the industry a good pool of fresh talent National Textile Corporation (NTC) has announced the commencement of ‘Young Designer Hunt’, the biggest search for talented designers across the nation. NTC, a public sector undertaking under the Ministry of Textiles, is among the top clothiers of the country. The organization is […]

FDI won’t come to Indian aviation till high costs prevail: IATA

Foreign airlines would not pick up stake in cash-strapped Indian carriers till steps are taken to stem the high costs of aviation operations in India, International Air Transport Association (IATA) chief Tony Tyler has said. “No, I don’t think it (allowing foreign airlines to invest in Indian carriers) is a game changer but it is […]

India to raise wheat exports, pay local farmers more

India raised its 2013 wheat export limit by 500,000 tonnes from a year ago on hopes for a bumper harvest and said it would pay its farmers 5.1 per cent more for purchases of the grain, contrary to expectations, due to higher input costs. India, the world’s second biggest wheat producer, has been exporting the […]

Tata Motors best, Infosys worst blue-chip performer in 2012

Tata Motors is the best performer among Sensex stocks in 2012. The stock has been helped by hopes for a turnaround in the performance of luxury unit Jaguar Land Rover. Infosys has the worst performer status among blue chips, given the persistent concerns about global demand for software services. Among other stocks, ICICI, L&T and […]

Fuel price hike must to contain fiscal deficit, says Montek

A day after Prime Minister Manmohan Singh called for a phased increase in energy prices, Planning Commission Deputy Chairman Montek Singh Ahluwalia said that a failure to do so will push up fiscal deficit,  which is already too high. “Any government particularly in democracy would want to avoid increasing the price. What the public doesn’t […]

Wall Street Week Ahead: ‘Cliff’ may be a fear, but debt ceiling worse

Investors fearing a stock market plunge – if the United States tumbles off the “fiscal cliff” next week – may want to relax. But they should be scared if a few weeks later, Washington fails to reach a deal to increase the nation’s debt ceiling because that raises the threat of a default, another credit […]