For the 2025–2027 term, the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have declared that they will elect new board members and office bearers.
Business News
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The grant, intended for migrant garment workers' mental health, is under scrutiny amid political tensions regarding USAID’s expenditures and alleged interference from Elon Musk’s Department of Government Efficiency.
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The business encountered macroeconomic problems such as rising interest rates, inflation, supply chain hold-ups, and a drop in consumer demand, resulting in what CEO Todd Hymel referred to as "significant liquidity challenges in 2024."
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Gokaldas Exports Ltd. recorded a 65 per cent increase in net profit to US $ 6 million in Q3FY25, compared to US $ 3.6 million last year. Revenue surged by 79 per cent to Rs. 988 crore, with strong EBITDA margins. The company anticipates growth in acquired entities and stable performance in upcoming quarters.
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FirstCry's parent company, Brainbees Solutions, has announced a substantial 69.6 per cent year-on-year reduction in net losses for the October-December 2024 quarter, reaching Rs. 14.7 crore.
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Recognizing India's projected economic growth to US $ 10 trillion within the next five years, Welspun World aims to capitalise on this opportunity.
