The current supply crunch stems largely from the agricultural sector. Gujarat's cotton acreage declined to 23.62 lakh hectares from 26.79 lakh hectares in the previous season, as farmers increasingly shifted to crops such as groundnut and oilseeds.
Business News
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Louis Coucke, Co-founder, Confluxe said that we plan to get 10–12 brands to India in the next three years. The idea is to bring three to five brands every year and build them for the long term.
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Under the US Federal Register notice, Bangladesh, Cambodia, Indonesia and Malaysia will be eligible for Tariff-Rate Quotas (TRQs) for an initial period of three years.
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Value e-commerce platform Meesho reported a 54% year-on-year (YoY) decline in its consolidated net loss to Rs 132.8 crore for the quarter ended June 30, (Q1 FY27), compared to Rs 289.4 crore in the corresponding quarter last year.
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Vishal Mega Mart reported a 25.6% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to Rs 258.8 crore for the quarter ended June 30, (Q1 FY27), compared to Rs 206 crore in the corresponding quarter last year.
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Sanathan Textiles Ltd., an integrated manufacturer of polyester filament yarn, cotton yarn and technical textiles yarn, is set to double the technical textiles yarn manufacturing capacity at its Silvassa facility from 9,000 metric tonnes per annum (MTPA) to 18,000 MTPA, with commercial production scheduled to begin in August.
