Apparel Group India has appointed Karan R Pethani as Vice President – Real Estate, where he will lead the real estate vertical for the India business.
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Welspun Living Ltd reported a 16.9% year-on-year (YoY) increase in revenue to Rs 2,870 crore (US$302.4 million) in Q2 FY27. EBITDA stood at Rs 370 crore (US$39 million), with the EBITDA margin expanding 600 basis points to 12.9% compared with the corresponding quarter last year.
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Baazar Style Retail Limited has opened three new Style Baazar stores in Silapathar, Assam, and Tajpur and Bettiah in Bihar, taking its total store count to 290 as of November 1, 2026.
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The Central Government has extended the 11% customs duty exemption on raw cotton imports until December 31, 2026, providing additional relief to domestic textile mills and garment manufacturers.
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Millennials are leading the adoption of artificial intelligence (AI) for shopping in India, with 84% using AI-powered tools to search for products, compare options and make purchase decisions, compared with 74% of Gen Z consumers, according to a report by McKinsey & Company.
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Nahar Spinning Mills Ltd reported a standalone net profit of Rs 71 crore (US$7.46 million) in the second quarter of FY27, compared with a net loss of Rs 4.64 crore (US$0.49 million) in the corresponding quarter of the previous fiscal year.
