In announcing the 20% capital subsidy, Stalin said it would support the purchase of state-of-the-art weaving and knitting machinery, aiming to enhance productivity and competitiveness.
Business News
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While Anta said it currently has no plans for a full takeover of Puma, the size of the stake could pave the way for deeper involvement over time. The company has said it intends to seek representation on Puma’s supervisory board once the transaction is completed.
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Manufacturing
India’s Textile and Apparel Industry Faces Deepening Slump as US Tariffs Bite Harder: Survey
Industry representatives cautioned that prolonged revenue stress could translate into job losses, particularly in labour-intensive segments dominated by micro, small and medium enterprises (MSMEs).
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Retail like-to-like (LTL) growth stood at 8.2% during the quarter, while the online business-to-consumer (B2C) segment recorded nearly 50% growth. Wholesale channels also continued to deliver double-digit secondary growth.
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The FIR had been lodged on the complaint of an authorised representative of Raymond Company, alleging that the petitioner was manufacturing and selling spurious garments falsely represented as original Raymond products, thereby causing financial loss to consumers and damaging the company’s goodwill and reputation.
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Apparel remained in single-digit growth territory, reflecting a more value-conscious consumer environment and the influence of pricing structures across segments.
